CIVI · As filed with the SEC
Civitas Resources cash flow statement, by fiscal year
The statement as Civitas Resources presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands
| USD thousands | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 | FY2017 Year ended Apr 28, 2017 |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Net Income | 838,723 | 784,288 | 1,248,080 | 178,921 | 103,528 | 67,067 | 168,186 | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depreciation, depletion, and amortization | 2,056,427 | 1,171,192 | 816,446 | 226,931 | 91,242 | 76,453 | 41,883 | — |
| Non-cash reorganization items | — | — | — | — | — | 0 | 0 | — |
| Abandonment and impairment of unproved properties | 0 | 0 | 17,975 | 57,260 | 37,343 | 11,201 | 0 | — |
| Abandonment and impairment of unproved properties | — | — | — | — | — | — | 5,271 | — |
| Well abandonment costs and dry hole expense | — | — | — | — | (8) | 172 | 0 | — |
| Stock-based compensation | 48,272 | 34,931 | 31,367 | 15,558 | 6,156 | 6,886 | 7,156 | — |
| Non-cash lease expense | — | — | — | — | — | 668 | — | — |
| Non-cash lease component | — | — | — | — | (249) | — | — | — |
| Derivative (gain) loss, net | (37,490) | (9,307) | 335,160 | 60,510 | (53,462) | 37,145 | (30,271) | — |
| Derivative cash settlements | — | — | — | — | 49,406 | 1,691 | (18,160) | — |
| Derivative cash settlement gain (loss), net | 6,435 | (68,246) | (576,802) | (275,914) | — | — | — | — |
| Amortization of deferred financing costs and deferred acquisition consideration | 52,702 | 9,293 | 4,464 | 1,890 | 864 | 487 | 30 | — |
| (Gain) loss on property transactions, net | 2,566 | 254 | (15,880) | (1,932) | 1,398 | (1,177) | (27,324) | — |
| Inventory write-offs | — | — | — | — | — | 0 | 248 | — |
| Deferred income tax expense | 235,773 | 245,163 | 337,502 | 72,858 | (60,520) | — | — | — |
| Other, net | 1,084 | (740) | 2,588 | 90 | 71 | 3,559 | (3,559) | — |
| Changes in operating assets and liabilities, net | ||||||||
| Increase (Decrease) in Accounts Receivable | (23,036) | (39,869) | (941) | (100,881) | 24,945 | (2,688) | (46,988) | — |
| Increase (Decrease) in Prepaid Expense and Other Assets | (17,644) | 19,987 | (34,025) | (3,338) | 3,352 | (2,415) | 2,214 | — |
| Increase (Decrease) in Accounts Payable and Accrued Liabilities | (298,584) | 126,215 | 335,563 | 47,510 | (41,278) | 28,320 | 19,953 | — |
| Settlement of asset retirement obligations | — | (34,401) | (24,456) | (4,864) | (3,992) | (2,722) | (2,041) | — |
| Net cash provided by operating activities | 2,865,228 | 2,238,760 | 2,477,041 | 274,599 | 158,796 | 224,647 | 116,598 | — |
| Cash flows from investing activities: | ||||||||
| Acquisitions of businesses, net of cash acquired | (905,096) | (3,655,612) | — | — | — | — | — | — |
| Acquisitions of crude oil and natural gas properties | (47,440) | (154,855) | (377,923) | (1,250) | (3,210) | (14,087) | (2,892) | — |
| Cash acquired | — | — | 44,310 | 223,692 | — | — | — | — |
| Deposits for acquisitions | 0 | (161,250) | — | — | — | — | — | — |
| Proceeds from sale of crude oil and natural gas properties | — | 90,456 | 2,355 | 0 | 0 | 1,757 | 103,134 | — |
| Payments of contractual obligation | — | — | — | — | — | — | 0 | — |
| Operating bonds | — | — | — | — | — | — | 0 | — |
| Purchases of carbon offsets | — | — | (7,298) | — | — | — | — | — |
| Exploration and development of crude oil and natural gas properties | — | (1,352,388) | (967,096) | (151,500) | (60,149) | (242,487) | (264,231) | — |
| Proceeds from (additions to) other property and equipment | — | (1,892) | (579) | — | (440) | (341) | (387) | — |
| Proceeds from note receivable | — | — | — | 212 | — | — | — | — |
| Proceeds from (additions to) other property and equipment | — | — | — | 2,393 | — | — | — | — |
| Purchases of carbon credits and renewable energy credits | (5,744) | (6,151) | — | — | — | — | — | — |
| Other, net | 2,000 | (1,463) | 136 | — | — | — | — | — |
| Net cash used in investing activities | (2,671,882) | (5,243,155) | (1,306,095) | 73,547 | (63,799) | (255,158) | (164,376) | — |
| Payments To Explore And Develop Oil And Gas Properties And Other Properties | (1,924,426) | — | — | — | — | — | — | — |
| Proceeds From Sale Of Oil And Gas Property And Equipment And Other Property And Equipment | 208,824 | — | — | — | — | — | — | — |
| Cash flows from financing activities: | ||||||||
| Proceeds from credit facility | 1,900,000 | 2,120,000 | 100,000 | 155,000 | 45,000 | 55,000 | 0 | — |
| Current Credit Facility | — | — | — | — | — | — | 50,000 | — |
| Prior Credit Facility | — | — | — | — | — | — | 90,000 | — |
| Payments to credit facility | (2,200,000) | (1,370,000) | (100,000) | (589,000) | (125,000) | (25,000) | 0 | — |
| Prior Credit Facility | — | — | — | — | — | — | (90,000) | — |
| Proceeds from sale of common stock | — | — | — | — | — | 0 | 0 | — |
| Proceeds from issuance of senior notes | 0 | 3,653,750 | 0 | 400,000 | — | — | — | — |
| Payment of deferred financing costs and other | (7,724) | (45,788) | (1,174) | (19,292) | (23) | (220) | (2,239) | — |
| Redemption of senior notes | 0 | 0 | (100,000) | — | — | — | — | — |
| Dividends paid | (493,842) | (660,320) | (536,922) | (60,780) | — | — | — | — |
| Common stock repurchased and retired | (427,305) | (320,398) | — | — | — | — | — | — |
| Proceeds from exercise of stock options | — | 459 | 308 | 1,585 | 0 | 0 | 1,100 | — |
| Payment of employee tax withholdings in exchange for the return of common stock | (12,037) | (13,416) | (19,580) | (5,927) | (1,122) | (1,176) | (863) | — |
| Principal payments on finance lease obligations | — | (1,211) | — | (21) | (102) | — | — | — |
| Proceeds from (Payments for) Other Financing Activities | (3,427) | — | 0 | — | — | — | — | — |
| Net cash provided by (used in) financing activities | (1,244,335) | 3,363,076 | (657,368) | (118,435) | (81,247) | 28,604 | 47,998 | — |
| Net change in cash, cash equivalents, and restricted cash | (1,050,989) | 358,681 | 513,578 | 229,711 | 13,750 | (1,907) | 220 | — |
| Cash, cash equivalents, and restricted cash: | ||||||||
| Predecessor | — | — | — | — | — | — | — | 70,183 |
| Successor | — | — | — | — | — | — | — | 70,183 |
| Predecessor | — | — | — | — | — | — | — | 70,183 |
| Successor | — | — | — | — | — | — | — | 70,183 |
| Beginning of period | 1,126,815 | 768,134 | 254,556 | 24,845 | 11,095 | 13,002 | 12,782 | — |
| End of period | 75,826 | 1,126,815 | 768,134 | 254,556 | 24,845 | 11,095 | 13,002 | 70,247 |
| Non-cash investing activities | — | — | — | 4,911,186 | — | — | — | — |
| HighPoint | — | — | — | 542,600 | — | — | — | — |
| Extraction | — | — | — | 2,109,500 | — | — | — | — |
| Crestone Peak | — | — | — | 2,259,100 | — | — | — | — |
| Noncash financing activities | — | — | — | 3,481,312 | — | — | — | — |
| HighPoint | — | — | — | 374,900 | — | — | — | — |
| Extraction | — | — | — | 1,844,100 | — | — | — | — |
| Crestone Peak | — | — | — | 1,262,200 | — | — | — | — |
| Cash paid for interest, net of capitalization | — | — | — | 1,829 | 1,546 | 4,110 | 2,582 | — |
| Severance and ad valorem tax refund | — | — | — | — | 0 | 352 | — | — |
| Cash paid for reorganization items | — | — | — | — | — | 0 | 0 | — |
| Receivables exchanged for additional interests in oil and gas properties | — | — | — | — | 8,299 | — | — | — |
| Changes in working capital related to drilling expenditures | — | — | — | — | 2,795 | 30,354 | 11,769 | — |
| Cash paid for amounts included in the measurement of lease liabilities | — | — | — | — | — | 10,993 | — | — |
| Cash paid for income taxes | — | — | — | 14,000 | — | — | — | — |
| Receivables exchanged for additional interests in oil and natural gas properties | — | — | — | 0 | — | — | — | — |
| Changes in working capital related to drilling expenditures | — | — | — | (128,977) | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.