SANDRIDGE ENERGY INC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
SD$12.58+2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $45,403 | $59,065 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Depreciation, depletion, and amortization | 21,718 | 16,285 |
| Deferred income taxes | (15,439) | — |
| (Gain) loss on derivative contracts | (1,866) | (1,447) |
| Settlement gains (losses) on derivative contracts | 199 | 5,876 |
| Stock-based compensation | 1,779 | 1,422 |
| Other | 118 | 118 |
| Changes in operating assets and liabilities | (3,972) | 8,040 |
| Net cash provided by operating activities | 47,940 | 89,359 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Capital expenditures for property, plant and equipment | (13,572) | (25,681) |
| Acquisition of assets | (125,950) | (11,232) |
| Purchase of other property and equipment | (1) | (29) |
| Proceeds from sale of assets | 861 | 1,411 |
| Net cash used in investing activities | (138,662) | (35,531) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Dividends paid to shareholders | (68,222) | (77,804) |
| Reduction of financing lease liability | (563) | (414) |
| Proceeds from exercise of stock options | — | 94 |
| Tax withholdings paid in exchange for shares withheld on employee vested stock awards | (356) | (929) |
| Net cash used in financing activities | (69,141) | (79,053) |
| NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS and RESTRICTED CASH | (159,863) | (25,225) |
| CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year | 253,944 | 257,468 |
| CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period | $94,081 | $232,243 |
| Supplemental Disclosure of Cash Flow Information | ||
| Cash paid for interest, net of amounts capitalized | $(92) | $(75) |
| Supplemental Disclosure of Noncash Investing and Financing Activities | ||
| Capital expenditures for property, plant and equipment in accounts payables and accrued expenses | $661 | $888 |
| Right-of-use assets obtained in exchange for financing lease obligations | $230 | $443 |
| Inventory material transfers to oil and natural gas properties | $141 | $1,246 |
| Asset retirement obligation capitalized | $51 | $12 |
| Asset retirement obligation removed due to divestiture | $— | $(137) |
| Change in dividends payable | $42 | $253 |
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