BATTALION OIL CORP
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 1, 2024
BATL$0.70-6.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated statements of cash flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Years Ended December 31, | ||||||
| | 2023 | 2022 | ||||
| Cash flows from operating activities: | | | | | | |
| Net (loss) income | | $(3,048) | | $18,539 | ||
| Adjustments to reconcile net (loss) income to net cash provided by | | | | | | |
| operating activities: | | | | | | |
| Depletion, depreciation and accretion | | | 56,624 | | | 51,915 |
| Stock-based compensation, net | | | (1,070) | | | 2,210 |
| Unrealized gain on derivative contracts | | | (21,934) | | | (20,256) |
| Amortization/accretion of financing related costs | | | 7,615 | | | 5,448 |
| Reorganization items, net | | | — | | | (744) |
| Accrued settlements on derivative contracts | | | 259 | | | 4,302 |
| Change in fair value of embedded derivative liability | | | (2,052) | | | (1,819) |
| Other expense (income) | | | 358 | | | (77) |
| Change in assets and liabilities: | | | | | | |
| Accounts receivable | | | 15,658 | | | 594 |
| Prepaids and other | | | 202 | | | 234 |
| Accounts payable and accrued liabilities | | | (35,023) | | | 18,455 |
| Net cash provided by operating activities | | | 17,589 | | | 78,801 |
| | | | | | | |
| Cash flows from investing activities: | | | | | | |
| Oil and natural gas capital expenditures | | | (46,288) | | | (125,465) |
| Proceeds received from sales of oil and natural gas assets | | | 4,929 | | | 332 |
| Other operating property and equipment capital expenditures | | | (153) | | | (1,160) |
| Contract asset | | | (10,308) | | | — |
| Other | | | (25) | | | 163 |
| Net cash used in investing activities | | | (51,845) | | | (126,130) |
| | | | | | | |
| Cash flows from financing activities: | | | | | | |
| Proceeds from borrowings | | | — | | | 35,200 |
| Repayments of borrowings | | | (35,093) | | | (95) |
| Payment of deferred financing costs | | | — | | | (2,887) |
| Proceeds from issuance of preferred stock | | | 94,607 | | | — |
| Other | | | (455) | | | (432) |
| Net cash provided by financing activities | | | 59,059 | | | 31,786 |
| | | | | | | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | | | 24,803 | | | (15,543) |
| | | | | | | |
| Cash, cash equivalents and restricted cash at beginning of period | | | 32,816 | | | 48,359 |
| Cash, cash equivalents and restricted cash at end of period | | $57,619 | | $32,816 | ||
| | | | | | | |
| Supplemental cash flow information: | | | | | | |
| Cash paid for interest | | $28,709 | | $19,933 | ||
| Cash paid for reorganization items | | | — | | | 744 |
| | | | | | | |
| Disclosure of non-cash investing and financing activities: | | | | | | |
| Asset retirement obligations | | $1,308 | | $3,692 | ||
| Accrued capital expenditures | | | (4,381) | | | 14,883 |
| Contract asset costs in accounts payable and accrued liabilities | | | 4,753 | | | — |
| Deemed dividends on Series A preferred stock | | | 12,047 | | | — |
| Accrued offering costs | | | (119) | | | — |
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