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 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income | 838,723 | 784,288 | 1,248,080 | 178,921 |
| 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 |
| Abandonment and impairment of unproved properties | 0 | 0 | 17,975 | 57,260 |
| Stock-based compensation | 48,272 | 34,931 | 31,367 | 15,558 |
| Derivative (gain) loss, net | (37,490) | (9,307) | 335,160 | 60,510 |
| 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 |
| (Gain) loss on property transactions, net | 2,566 | 254 | (15,880) | (1,932) |
| Deferred income tax expense | 235,773 | 245,163 | 337,502 | 72,858 |
| Other, net | 1,084 | (740) | 2,588 | 90 |
| Changes in operating assets and liabilities, net | ||||
| Increase (Decrease) in Accounts Receivable | (23,036) | (39,869) | (941) | (100,881) |
| Increase (Decrease) in Prepaid Expense and Other Assets | (17,644) | 19,987 | (34,025) | (3,338) |
| Increase (Decrease) in Accounts Payable and Accrued Liabilities | (298,584) | 126,215 | 335,563 | 47,510 |
| Settlement of asset retirement obligations | — | (34,401) | (24,456) | (4,864) |
| Net cash provided by operating activities | 2,865,228 | 2,238,760 | 2,477,041 | 274,599 |
| 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) |
| 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 |
| Purchases of carbon offsets | — | — | (7,298) | — |
| Exploration and development of crude oil and natural gas properties | — | (1,352,388) | (967,096) | (151,500) |
| Proceeds from (additions to) other property and equipment | — | (1,892) | (579) | — |
| 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 |
| 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 |
| Payments to credit facility | (2,200,000) | (1,370,000) | (100,000) | (589,000) |
| 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) |
| 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 |
| Payment of employee tax withholdings in exchange for the return of common stock | (12,037) | (13,416) | (19,580) | (5,927) |
| Principal payments on finance lease obligations | — | (1,211) | — | (21) |
| 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) |
| Net change in cash, cash equivalents, and restricted cash | (1,050,989) | 358,681 | 513,578 | 229,711 |
| Cash, cash equivalents, and restricted cash: | ||||
| Beginning of period | 1,126,815 | 768,134 | 254,556 | 24,845 |
| End of period | 75,826 | 1,126,815 | 768,134 | 254,556 |
| 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 |
| 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.