CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - Centennial Resource Production, LLC (Centennial OpCo) - USD ($)
$ in Thousands |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Cash flows from operating activities |
|
|
| Net loss |
$ (35,727)
|
$ (25,282)
|
| Adjustments to reconcile net loss to net cash provided by operating activities: |
|
|
| Accretion of asset retirement obligations |
129
|
101
|
| Depreciation, depletion, amortization |
60,810
|
63,902
|
| Abandonment expense and impairment of unproved properties |
2,546
|
3,851
|
| Deferred tax benefit |
(406)
|
|
| Loss (gain) on sale of oil and natural gas properties |
(11)
|
(2,688)
|
| Loss on derivative instruments |
4,184
|
(12,320)
|
| Net cash received for derivative settlements |
16,623
|
25,972
|
| Amortization of debt issuance costs |
363
|
360
|
| Change in operating assets and liabilities: |
|
|
| Decrease in accounts receivable |
3,021
|
4,956
|
| Increase in prepaid and other assets |
(165)
|
(656)
|
| Increase (decrease) in accounts payable and other liabilities |
144
|
(9,722)
|
| Net cash provided by operating activities |
51,511
|
48,474
|
| Cash flows form investing activities |
|
|
| Acquisition of oil and natural gas properties |
(55,566)
|
(38,315)
|
| Development of oil and natural gas properties |
(45,203)
|
(133,595)
|
| Purchase of other property and equipment |
(206)
|
(2,097)
|
| Proceeds from sales of oil and natural gas properties |
|
2,691
|
| Net cash used by investing activities |
(100,975)
|
(171,316)
|
| Cash flows from financing activities |
|
|
| Proceeds from revolving credit facility |
55,000
|
84,000
|
| Repayment of revolving credit facility |
(5,000)
|
(83,000)
|
| Capital contributions |
|
110,656
|
| Financing obligation |
(1,894)
|
(1,238)
|
| Debt issuance costs |
|
(199)
|
| Net cash provided by the financing activities |
48,106
|
110,219
|
| Net decrease in the cash and cash equivalents |
(1,358)
|
(12,623)
|
| Cash and cash equivalents, beginning of period |
1,768
|
13,017
|
| Cash and cash equivalents, end of period |
410
|
394
|
| Supplemental cash flow information |
|
|
| Cash paid for interest |
4,993
|
4,340
|
| Supplemental noncash activity |
|
|
| Accrued capital expenditures included in accounts payable and accrued expenses |
$ 16,339
|
$ 14,946
|