NEXTIER OILFIELD SOLUTIONS INC. Cashflow Statement

Ask AI

Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019	FY2018 12 months to Dec 31, 2018
Cash flows from operating activities:
Net income (loss)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization
Amortization of deferred financing fees
Gain on disposal of assets
Stock-based compensation
Loss on debt extinguishment/modification, including prepayment premiums
Loss on contingent consideration liability
Loss on foreign currency translation
Unrealized gain (loss) on derivative recognized in other comprehensive income (loss)
(Gain) loss on financial instrument and derivatives, net
Gain on insurance proceeds recognized in other income
Loss on impairment of assets
Accrued interest on loan—related party
Other non-cash expenses
Payment of contingent consideration
Changes in operating assets and liabilities
(Increase) decrease in trade and other accounts receivable, net
(Increase) decrease in inventories
Decrease (increase) in prepaid and other current assets
(Increase) decrease in other assets
(Decrease) increase in accounts payable
(Decrease) increase in customer contract liabilities
Increase (decrease) in accrued expenses
Decrease in other liabilities

Net cash provided by (used in) operating activities
Cash flows from investing activities
Asset and business acquisitions
Purchase of property and equipment
Payments for leasehold improvements
Advances of deposit on equipment
Implementation of software
Proceeds from disposal of assets
Proceeds from insurance recoveries
Equity-method investment
Payments received (advances) on note receivable
Proceeds from settlement of WSS Notes and make-whole derivative
Payment of consideration liability
Net cash used in investing activities

Cash flows from financing activities:
Proceeds from issuance of common stock
Proceeds from the asset-based revolver and equipment loan
Payments on the asset-based revolver, term loan facilities, and equipment loan
Payments on finance leases
Prepayment premiums on early debt extinguishment
Payment of debt issuance costs
Payment of contingent consideration
Contributions
Shares repurchased and retired related to share repurchase program
Shares repurchased and retired related to stock-based compensation
Proceeds from financing liabilities
Payments for financing liabilities
Net cash (used in) provided by financing activities

Non-cash effect of foreign translation adjustments
Net increase (decrease) in cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash, beginning
Cash, cash equivalents and restricted cash, ending
Supplemental disclosure of cash flow information:
Interest
CVR settlement
Income taxes
Non-cash investing and financing activities:
Non-cash purchases of property and equipment
Non-cash reduction in capital lease obligations
Non-cash additions to capital lease obligations
Non-cash issuance of acquisition shares
Non-cash forgiveness of related party loan
Change in accrued capital expenditures
Non-cash additions to equity security investment
Fair value of C&J assets acquired
C&J liabilities assumed
Non-cash additions to finance right-of use assets
Non-cash additions to finance lease liabilities, including current maturities
Non-cash additions to operating right-of-use assets
Non-cash additions to operating lease liabilities, including current maturities
500,000 shares of NexTier common stock issued for CIG Acquisition
26,000,000 shares of NexTier common stock issued in exchange for Alamo ownership
Total contingent consideration
Non contingent consideration

Comments