$CIVI
CIVITAS RESOURCES, INC.

2012 Q2 Form 10-Q Financial Statement

#000110465912036065 Filed on May 11, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q1
Revenue $51.50M $47.80M $20.50M
YoY Change 112.81% 133.17%
Cost Of Revenue $7.000M $7.100M $3.700M
YoY Change 89.19% 91.89%
Gross Profit $44.50M $40.70M $16.90M
YoY Change 117.07% 140.83%
Gross Profit Margin 86.41% 85.15% 82.44%
Selling, General & Admin $7.100M $6.000M $2.200M
YoY Change 162.96% 172.73%
% of Gross Profit 15.96% 14.74% 13.02%
Research & Development $2.000M $1.200M $500.0K
YoY Change 140.0%
% of Gross Profit 4.49% 2.95% 2.96%
Depreciation & Amortization $13.80M $11.83M $6.387M
YoY Change 86.49% 85.18%
% of Gross Profit 31.01% 29.06% 37.8%
Operating Expenses $31.88M $28.86M $14.82M
YoY Change 242.83% 94.75%
Operating Profit $28.70M $26.13M $10.31B
YoY Change -99.77% -99.75%
Interest Expense $654.7K $561.5K $712.8K
YoY Change -72.72% -21.22%
% of Operating Profit 2.28% 2.15% 0.01%
Other Income/Expense, Net $14.89M -$5.186M $100.0K
YoY Change -7544.65% -5286.21%
Pretax Income $34.46M $13.79M $700.0K
YoY Change 189.59% 1869.31%
Income Tax $13.27M $5.307M $200.0K
% Of Pretax Income 38.5% 38.5% 28.57%
Net Earnings $21.50M $8.500M $300.0K
YoY Change 179.22% 2733.33%
Net Earnings / Revenue 41.75% 17.78% 1.46%
Basic Earnings Per Share
Diluted Earnings Per Share $53.75 $21.25 $1.00
COMMON SHARES
Basic Shares Outstanding 39.48M shares 29.12M shares
Diluted Shares Outstanding 29.12M shares

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.000M $0.00
YoY Change
Cash & Equivalents $2.605M $0.00 $768.0K
Short-Term Investments
Other Short-Term Assets $9.000M $3.000M
YoY Change
Inventory $39.00M $41.00M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $51.00M $43.56M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $745.0M $678.0M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.00M $4.000M
YoY Change
Total Long-Term Assets $759.0M $681.5M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $51.00M $43.56M
Total Long-Term Assets $759.0M $681.5M
Total Assets $810.0M $725.1M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.000M $2.000M
YoY Change
Accrued Expenses $62.00M $50.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $75.00M $66.88M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $63.00M $22.00M
YoY Change
Other Long-Term Liabilities $14.00M $14.00M
YoY Change
Total Long-Term Liabilities $77.00M $36.00M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $75.00M $66.88M
Total Long-Term Liabilities $77.00M $36.00M
Total Liabilities $251.0M $187.9M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $560.0M $537.2M
YoY Change
Total Liabilities & Shareholders Equity $810.0M $725.1M
YoY Change

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $21.50M $8.500M $300.0K
YoY Change 179.22% 2733.33%
Depreciation, Depletion And Amortization $13.80M $11.83M $6.387M
YoY Change 86.49% 85.18%
Cash From Operating Activities $38.70M $17.69M $10.20M
YoY Change 233.62% 73.39%
INVESTING ACTIVITIES
Capital Expenditures $76.90M $34.60M $17.50M
YoY Change 88.02% 97.71%
Acquisitions
YoY Change
Other Investing Activities $300.0K -$100.0K $1.000M
YoY Change -110.0%
Cash From Investing Activities -$76.50M -$34.74M -$16.50M
YoY Change 87.04% 110.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 40.40M $14.96M 7.100M
YoY Change 41.75% 110.77%
NET CHANGE
Cash From Operating Activities 38.70M $17.69M 10.20M
Cash From Investing Activities -76.50M -$34.74M -16.50M
Cash From Financing Activities 40.40M $14.96M 7.100M
Net Change In Cash 2.600M -$2.090M 800.0K
YoY Change -425.0% -361.21%
FREE CASH FLOW
Cash From Operating Activities $38.70M $17.69M $10.20M
Capital Expenditures $76.90M $34.60M $17.50M
Free Cash Flow -$38.20M -$16.91M -$7.300M
YoY Change 30.38% 131.71%

Facts In Submission

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CY2011Q1 us-gaap Other Nonoperating Income
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CY2011Q1 us-gaap Operating Income Loss
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CY2011Q1 us-gaap General And Administrative Expense
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CY2011Q1 us-gaap Exploration Expense
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CY2011Q1 us-gaap Lease Operating Expense
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CY2012Q1 us-gaap Operating Income Loss
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CY2012Q1 dei Entity Registrant Name
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Bonanza Creek Energy, Inc.
CY2012Q1 dei Entity Central Index Key
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CY2012Q1 dei Document Type
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CY2012Q1 dei Document Period End Date
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2012-03-31
CY2012Q1 dei Amendment Flag
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CY2012Q1 dei Current Fiscal Year End Date
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CY2012Q1 dei Entity Filer Category
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CY2011Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2011Q4 us-gaap Assets Current
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