v3.24.1.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 7,686 $ 3,470
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 25,824 24,417
Bargain purchase loss 0 1,412
Deferred taxes (3,441) 2,471
Unrealized foreign exchange loss (102) 512
Stock-based compensation 898 649
Cash settlements paid on exercised stock appreciation rights (154) (233)
Derivative instruments (gain) loss, net 847 (21)
Cash settlements paid on matured derivative contracts, net (24) (59)
Cash settlements paid on asset retirement obligations (29) (123)
Credit losses and other 1,812 935
Other operating loss, net 166 13
Operational expenses associated with equipment and other 302 (640)
Change in operating assets and liabilities:    
Trade, net (9) 21,357
Accounts with joint venture owners, net (683) 18,911
Egypt receivables and other, net 1,346 (2,309)
Crude oil inventory (438) (8,443)
Prepayments and other (2,278) 983
Value added tax and other receivables (2,734) (1,361)
Other long-term assets (1,017) 1,051
Accounts payable (5,984) (6,739)
Foreign income taxes receivable/(payable) 18,912 8,193
Deferred tax liability 0 (3,250)
Accrued liabilities and other (19,068) (19,190)
Net cash provided by (used in) operating activities 21,832 42,006
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment expenditures (16,618) (27,700)
Net cash provided by (used in) investing activities (16,618) (27,700)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuances of common stock 447 274
Dividend distribution (6,463) (6,735)
Treasury shares (6,344) (5,377)
Payments of finance lease (2,095) (1,701)
Net cash provided by (used in) in financing activities (14,455) (13,539)
Effects of exchange rate changes on cash (208) (309)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (9,449) 458
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 129,178 59,776
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 119,729 60,234
Supplemental disclosure of cash flow information:    
Interest paid, net of amounts capitalized 1,409 1,488
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment additions incurred but not paid at end of period 19,226 39,584
Recognition of right-of-use finance lease assets and liabilities $ 0 $ 1,429

Source

PDF HTML
10-Q Filing
ZIP XLS HTML
XBRL