2017 Q4 Form 10-Q Financial Statement
#000150958917000053 Filed on November 09, 2017
Income Statement
| Concept | 2017 Q4 | 2017 Q3 |
|---|---|---|
| Revenue | $50.19M | $45.23M |
| YoY Change | 6.11% | -8.25% |
| Cost Of Revenue | $13.40M | $12.90M |
| YoY Change | 8.06% | 0.78% |
| Gross Profit | $36.80M | $32.30M |
| YoY Change | 5.44% | -11.75% |
| Gross Profit Margin | 73.32% | 71.41% |
| Selling, General & Admin | $11.40M | $15.20M |
| YoY Change | -58.55% | -18.72% |
| % of Gross Profit | 30.98% | 47.06% |
| Research & Development | $3.400M | |
| YoY Change | ||
| % of Gross Profit | 9.24% | |
| Depreciation & Amortization | $9.100M | $7.350M |
| YoY Change | -65.79% | -73.08% |
| % of Gross Profit | 24.73% | 22.76% |
| Operating Expenses | $23.90M | $37.87M |
| YoY Change | -55.82% | -47.55% |
| Operating Profit | $22.94M | $22.54M |
| YoY Change | 408.65% | 336.65% |
| Interest Expense | -$12.90M | $265.0K |
| YoY Change | -16.23% | -98.25% |
| % of Operating Profit | -56.25% | 1.18% |
| Other Income/Expense, Net | -$1.400M | -$3.031M |
| YoY Change | -61.11% | -74.79% |
| Pretax Income | -$6.100M | $4.328M |
| YoY Change | -90.94% | -112.4% |
| Income Tax | -$400.0K | $0.00 |
| % Of Pretax Income | 0.0% | |
| Net Earnings | -$5.800M | $4.300M |
| YoY Change | -91.38% | -112.32% |
| Net Earnings / Revenue | -11.56% | 9.51% |
| Basic Earnings Per Share | -$0.28 | $0.21 |
| Diluted Earnings Per Share | -$0.28 | $0.21 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 20.45M shares | 20.44M shares |
| Diluted Shares Outstanding | 20.45M shares |
Balance Sheet
| Concept | 2017 Q4 | 2017 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $13.00M | $31.00M |
| YoY Change | -83.95% | -76.69% |
| Cash & Equivalents | $12.71M | $31.10M |
| Short-Term Investments | ||
| Other Short-Term Assets | $7.000M | $5.000M |
| YoY Change | 16.67% | -28.57% |
| Inventory | $1.019M | $3.000M |
| Prepaid Expenses | ||
| Receivables | $28.50M | $30.00M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $53.15M | $69.00M |
| YoY Change | -52.72% | -60.96% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $774.1M | $732.0M |
| YoY Change | -24.03% | -29.57% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $3.130M | $3.000M |
| YoY Change | 1.56% | -64.12% |
| Total Long-Term Assets | $777.2M | $735.0M |
| YoY Change | -23.95% | -29.84% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $53.15M | $69.00M |
| Total Long-Term Assets | $777.2M | $735.0M |
| Total Assets | $830.4M | $804.0M |
| YoY Change | -26.81% | -34.34% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $6.000M | $7.000M |
| YoY Change | 500.0% | 600.0% |
| Accrued Expenses | $5.005M | $44.00M |
| YoY Change | 72.88% | 1228.1% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| Total Short-Term Liabilities | $89.22M | $73.00M |
| YoY Change | -91.67% | -93.37% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $53.00M | $38.00M |
| YoY Change | 17.78% | 0.0% |
| Total Long-Term Liabilities | $0.00 | $38.00M |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $89.22M | $73.00M |
| Total Long-Term Liabilities | $0.00 | $38.00M |
| Total Liabilities | $142.0M | $111.0M |
| YoY Change | -87.27% | -90.26% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$5.020M | |
| YoY Change | -99.37% | |
| Common Stock | $4.286M | |
| YoY Change | -99.47% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $688.3M | $693.0M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $830.4M | $804.0M |
| YoY Change | -26.81% | -34.34% |
Cashflow Statement
| Concept | 2017 Q4 | 2017 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$5.800M | $4.300M |
| YoY Change | -91.38% | -112.32% |
| Depreciation, Depletion And Amortization | $9.100M | $7.350M |
| YoY Change | -65.79% | -73.08% |
| Cash From Operating Activities | $16.20M | $15.20M |
| YoY Change | -201.25% | -3.8% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $34.60M | $38.00M |
| YoY Change | 704.65% | 675.51% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $100.0K | $0.00 |
| YoY Change | -98.04% | -100.0% |
| Cash From Investing Activities | -$34.50M | -$38.00M |
| YoY Change | -4412.5% | 276.24% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 0.000 | -300.0K |
| YoY Change | -100.0% | -99.29% |
| NET CHANGE | ||
| Cash From Operating Activities | 16.20M | 15.20M |
| Cash From Investing Activities | -34.50M | -38.00M |
| Cash From Financing Activities | 0.000 | -300.0K |
| Net Change In Cash | -18.30M | -23.10M |
| YoY Change | -65.34% | -37.06% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $16.20M | $15.20M |
| Capital Expenditures | $34.60M | $38.00M |
| Free Cash Flow | -$18.40M | -$22.80M |
| YoY Change | -9.36% | -309.17% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016Q4 | bcei |
Debt Instrument Percentage Under Settlement Agreement
DebtInstrumentPercentageUnderSettlementAgreement
|
0.51 | |
| CY2017Q2 | bcei |
Debtor Reorganization Items Payment For Escrow Account
DebtorReorganizationItemsPaymentForEscrowAccount
|
17193000 | USD |
| CY2017Q2 | bcei |
Existing Shareholders Percentageof Voting Shares Upon Emergence Percent
ExistingShareholdersPercentageofVotingSharesUponEmergencePercent
|
0.50 | |
| CY2017Q2 | bcei |
Fair Valueof Possible Reserves
FairValueofPossibleReserves
|
31700000 | USD |
| bcei |
Longterm Purchase Commitment Period Potential Extended Term
LongtermPurchaseCommitmentPeriodPotentialExtendedTerm
|
P3Y | ||
| CY2017Q2 | bcei |
Net Asset Replacement Cost Fair Value
NetAssetReplacementCostFairValue
|
103100000 | USD |
| CY2017Q2 | bcei |
Fair Valueof Probable Reserves
FairValueofProbableReserves
|
146800000 | USD |
| CY2017Q2 | bcei |
Liabilities Subjectto Compromise Prepayment Premiums
LiabilitiesSubjecttoCompromisePrepaymentPremiums
|
51185000 | USD |
| CY2017Q2 | bcei |
Fair Valueof Proved Reserves
FairValueofProvedReserves
|
397300000 | USD |
| CY2017Q2 | bcei |
Liabilities Subject To Compromise Accrued Settlement Liabilities
LiabilitiesSubjectToCompromiseAccruedSettlementLiabilities
|
7200000 | USD |
| CY2017Q2 | bcei |
Liabilities Subject To Compromise Accrued Settlement Liabilities
LiabilitiesSubjectToCompromiseAccruedSettlementLiabilities
|
7228000 | USD |
| CY2017Q2 | bcei |
Liabilities Subjectto Compromise Accrued Interest
LiabilitiesSubjecttoCompromiseAccruedInterest
|
14879000 | USD |
| CY2017Q2 | bcei |
Liabilities Subjectto Compromise Gainon Settlement
LiabilitiesSubjecttoCompromiseGainonSettlement
|
412852000 | USD |
| CY2017Q2 | bcei |
Liabilities Subjectto Compromise Longterm Debt
LiabilitiesSubjecttoCompromiseLongtermDebt
|
800000000 | USD |
| CY2017Q2 | bcei |
Paymenton Revolving Credit Facility Feesand Remaining Short Term Incentive Plan
PaymentonRevolvingCreditFacilityFeesandRemainingShortTermIncentivePlan
|
1007000 | USD |
| CY2017Q2 | bcei |
Payments Underthe Companys Short Term Incentive Plan
PaymentsUndertheCompanysShortTermIncentivePlan
|
1622000 | USD |
| CY2017Q2 | bcei |
Percentageof Outstanding Shares Held By Debt Holders
PercentageofOutstandingSharesHeldByDebtHolders
|
0.466 | |
| CY2017Q2 | bcei |
Planof Reorganization Common Stock Shares Issued Value
PlanofReorganizationCommonStockSharesIssuedValue
|
207500000 | USD |
| CY2017Q2 | bcei |
Reorganization Items Accrued Short Term Incentive Plan Payment
ReorganizationItemsAccruedShortTermIncentivePlanPayment
|
1574000 | USD |
| CY2017Q2 | bcei |
Reorganization Items Current Predecessor Feesand Other
ReorganizationItemsCurrentPredecessorFeesandOther
|
2673000 | USD |
| CY2017Q2 | bcei |
Reorganization Items Current Predecessor Reorganization Items
ReorganizationItemsCurrentPredecessorReorganizationItems
|
97811000 | USD |
| CY2017Q2 | bcei |
Reorganization Items Total Net Sources Usesand Transfers
ReorganizationItemsTotalNetSourcesUsesandTransfers
|
-26103000 | USD |
| CY2017Q2 | bcei |
Reorganization Items Usesand Transfersof Cash
ReorganizationItemsUsesandTransfersofCash
|
233603000 | USD |
| CY2017Q2 | bcei |
Total Fresh Start Reorganization Items Net
TotalFreshStartReorganizationItemsNet
|
100484000 | USD |
| CY2017Q2 | bcei |
Total Prior Period Reorganization Items Net
TotalPriorPeriodReorganizationItemsNet
|
89003000 | USD |
| CY2017Q2 | bcei |
Total Reorganization Adjustmentsto Retained Deficit
TotalReorganizationAdjustmentstoRetainedDeficit
|
388436000 | USD |
| CY2017Q2 | bcei |
Total Reorganization Items Net
TotalReorganizationItemsNet
|
-8808000 | USD |
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2017 | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2017-09-30 | ||
| dei |
Document Type
DocumentType
|
10-Q | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001509589 | ||
| CY2017Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
20453549 | shares |
| dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
| dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
| dei |
Entity Registrant Name
EntityRegistrantName
|
Bonanza Creek Energy, Inc. | ||
| CY2017Q2 | us-gaap |
Debtor Reorganization Items Discharge Of Claims And Liabilities
DebtorReorganizationItemsDischargeOfClaimsAndLiabilities
|
51185000 | USD |
| CY2017Q2 | us-gaap |
Debtor Reorganization Items Legal And Advisory Professional Fees
DebtorReorganizationItemsLegalAndAdvisoryProfessionalFees
|
13831000 | USD |
| CY2017Q2 | us-gaap |
Debtor Reorganization Items Revaluation Of Assets And Liabilities
DebtorReorganizationItemsRevaluationOfAssetsAndLiabilities
|
311361000 | USD |
| CY2017Q2 | us-gaap |
Debtor Reorganization Items Write Off Of Deferred Financing Costs And Debt Discounts
DebtorReorganizationItemsWriteOffOfDeferredFinancingCostsAndDebtDiscounts
|
6156000 | USD |
| CY2016Q4 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
0 | USD |
| CY2017Q3 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
48000 | USD |
| CY2016Q4 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
0 | USD |
| CY2017Q3 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
6000 | USD |
| CY2016Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
0 | USD |
| CY2017Q3 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
2762000 | USD |
| CY2016Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
0 | USD |
| CY2017Q3 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
2044000 | USD |
| CY2016Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
0 | USD |
| CY2017Q3 | bcei |
Number Of Derivative Instruments Qualified For Hedging Instruments
NumberOfDerivativeInstrumentsQualifiedForHedgingInstruments
|
0 | derivative |
| CY2017Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
248000000 | USD |
| CY2017Q3 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
772000 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
33701000 | USD |
| CY2017Q2 | us-gaap |
Liabilities Subject To Compromise
LiabilitiesSubjectToCompromise
|
873292000 | USD |
| CY2017Q2 | us-gaap |
Liabilities Subject To Compromise Payments Under Bankruptcy Court Order For Other Liabilities
LiabilitiesSubjectToCompromisePaymentsUnderBankruptcyCourtOrderForOtherLiabilities
|
653212000 | USD |
| CY2017Q2 | us-gaap |
Line Of Credit Facility Increase Accrued Interest
LineOfCreditFacilityIncreaseAccruedInterest
|
1103000 | USD |
| CY2015Q2 | us-gaap |
Long Term Purchase Commitment Minimum Volume Required
LongTermPurchaseCommitmentMinimumVolumeRequired
|
12580 | bbl |
| us-gaap |
Longterm Purchase Commitment Period
LongtermPurchaseCommitmentPeriod
|
P7Y | ||
| CY2017Q2 | us-gaap |
Nondebtor Reorganization Items Legal And Advisory Professional Fees
NondebtorReorganizationItemsLegalAndAdvisoryProfessionalFees
|
31662000 | USD |
| CY2017Q2 | us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
7228000 | USD |
| CY2017Q3 | us-gaap |
Purchase Obligation
PurchaseObligation
|
160075000 | USD |
| CY2017Q3 | us-gaap |
Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
|
60173000 | USD |
| CY2017Q3 | us-gaap |
Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
|
30214000 | USD |
| CY2017Q3 | us-gaap |
Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
|
29284000 | USD |
| CY2017Q3 | us-gaap |
Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
|
16770000 | USD |
| CY2017Q3 | us-gaap |
Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
|
23400000 | USD |
| CY2017Q3 | us-gaap |
Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
|
234000 | USD |
| CY2017Q2 | us-gaap |
Reorganization Items
ReorganizationItems
|
411845000 | USD |
| CY2017Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
