BATTALION OIL CORP
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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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.
FY2024 · Filed Mar 31, 2025
BATL$0.70-6.9%Stored close · as of Nov 10, 2026
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Item 8. Consolidated statements of cash flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Years Ended December 31, | ||||||
| | 2024 | 2023 | ||||
| Cash flows from operating activities: | | | | | | |
| Net (loss) income | | $(31,882) | | $(3,048) | ||
| Adjustments to reconcile net (loss) income to net cash provided by | | | | | | |
| operating activities: | | | | | | |
| Depletion, depreciation and accretion | | | 52,926 | | | 56,624 |
| Impairment of contract asset | | | 18,511 | | | — |
| Stock-based compensation, net | | | 152 | | | (1,070) |
| Unrealized gain on derivative contracts | | | (11,116) | | | (21,934) |
| Amortization/accretion of financing related costs | | | 6,418 | | | 7,615 |
| Loss (gain) on extinguishment of debt | | | 7,489 | | | — |
| Accrued settlements on derivative contracts | | | 403 | | | 259 |
| Change in fair value of embedded derivative liability | | | (2,084) | | | (2,052) |
| Other expense (income) | | | 324 | | | 358 |
| Change in assets and liabilities: | | | | | | |
| Accounts receivable | | | (2,765) | | | 15,658 |
| Prepaids and other | | | (75) | | | 202 |
| Accounts payable and accrued liabilities | | | (2,946) | | | (35,023) |
| Net cash provided by operating activities | | | 35,355 | | | 17,589 |
| | | | | | | |
| Cash flows from investing activities: | | | | | | |
| Oil and natural gas capital expenditures | | | (64,625) | | | (46,288) |
| Proceeds received from sales of oil and natural gas assets | | | 7,015 | | | 4,929 |
| Acquisition of oil and natural gas properties | | | (47) | | | — |
| Other operating property and equipment capital expenditures | | | (23) | | | (153) |
| Contract asset | | | (7,737) | | | (10,308) |
| Other | | | (26) | | | (25) |
| Net cash used in investing activities | | | (65,443) | | | (51,845) |
| | | | | | | |
| Cash flows from financing activities: | | | | | | |
| Proceeds from borrowings | | | 162,000 | | | — |
| Repayments of borrowings | | | (200,109) | | | (35,093) |
| Payment of deferred financing costs | | | (8,400) | | | — |
| Proceeds from issuance of preferred stock | | | 38,781 | | | 94,607 |
| Other | | | — | | | (455) |
| Net cash (used in) provided by financing activities | | | (7,728) | | | 59,059 |
| | | | | | | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | | | (37,816) | | | 24,803 |
| | | | | | | |
| Cash, cash equivalents and restricted cash at beginning of period | | | 57,619 | | | 32,816 |
| Cash, cash equivalents and restricted cash at end of period | | $19,803 | | $57,619 | ||
| | | | | | | |
| Supplemental cash flow information: | | | | | | |
| Cash paid for interest | | $22,317 | | $28,709 | ||
| | | | | | | |
| Disclosure of non-cash investing and financing activities: | | | | | | |
| Asset retirement obligations | | $707 | | $1,308 | ||
| Capital expenditures in accrued liabilities and accounts payable | | | (7,526) | | | (4,381) |
| Contract asset costs in accounts payable and accrued liabilities | | | — | | | 4,753 |
| Deemed dividends on Series A preferred stock | | | 32,219 | | | 12,047 |
| Accrued offering costs | | | — | | | (119) |
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