Independence Contract Drilling
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Independence Contract Drilling generated cash of $61,022,000, which is more than the previous year. Cash used in financing activities reached the amount of -$24,566,000 last year. Net change in cash is therefore $239,000.
Cash Flow
| 2014 | 3.80M | -112.68M | 116.90M |
|---|---|---|---|
| 2015 | 27.37M | -72.21M | 39.42M |
| 2016 | 16.97M | -20.05M | 4.81M |
| 2017 | 4.93M | -30.09M | 20.62M |
| 2018 | 16.13M | -25.24M | 18.82M |
| 2019 | 27.92M | -28.36M | -6.59M |
| 2020 | 287K | -8.97M | 15.76M |
| 2021 | -9.57M | -14.37M | 15.81M |
| 2022 | 28.57M | -38.30M | 10.91M |
| 2023 | 61.02M | -36.21M | -24.56M |
ICD Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 5.32M | 4.14M | 12.27M | 5.20M | 12.24M | 2.53M | 7.07M | 5.34M | 10.75M | 2.73M |
Operating activities | ||||||||||
Net income | -37.69M | -65.32M | -66.71M | -96.63M | -60.78M | -19.99M | -24.29M | -22.17M | -7.88M | -28.16M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 43.54M | 40.44M | 38.91M | 43.91M | 45.36M | 30.89M | 25.84M | 23.80M | 21.15M | 16.18M |
Stock-based compensation expense | 5.67M | 4.64M | 2.29M | 1.97M | 1.87M | 0 | 3.56M | 4.18M | 3.54M | 3.14M |
| Deferred income tax benefit | 5.67M | 4.64M | 2.29M | 1.97M | 1.87M | 0 | 3.56M | 4.18M | 3.54M | 3.14M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 6.31M | -17.82M | -12.13M | 26.02M | 5.69M | -1.02M | -6.58M | 6.77M | 755K | -10.16M |
Inventories | -249K | -365K | -133K | 117K | -349K | 250K | -301K | 55K | -263K | -1.35M |
Accounts payable | -3.05M | 10.32M | 12.23M | -16.68M | -7.19M | 5.01M | 1.61M | -2.88M | 4.33M | -985K |
Cash generated by operating activities | 61.02M | 28.57M | -9.57M | 287K | 27.92M | 16.13M | 4.93M | 16.97M | 27.37M | 3.80M |
Investing activities | ||||||||||
Purchases Of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -40.65M | -43.04M | -16.41M | -14.22M | -38.32M | -37.55M | -31.34M | -21.10M | -75.53M | -115.38M |
Acquisitions Net | 4.43M | 4.55M | 2.03M | 5.10M | 8.95M | 10.74M | 1.25M | 860K | 414K | 0 |
Cash generated by investing activities | -36.21M | -38.30M | -14.37M | -8.97M | -28.36M | -25.24M | -30.09M | -20.05M | -72.21M | -112.68M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 3.03M | 13.20M | 10.97M | -177K | 0 | 0 | 42.92M | 0 | 0 |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | -7K | -10K | -10K | -66K | -843K | -1.18M | -174K | -409K | -315K | -225K |
Repayments of term debt | -23.89M | 18.12M | -3.61M | -15.37M | 0 | -160.85M | 22.19M | -86.53M | 40.18M | 2.73M |
Cash used in financing activities | -24.56M | 10.91M | 15.81M | 15.76M | -6.59M | 18.82M | 20.62M | 4.81M | 39.42M | 116.90M |
Net Change In Cash | 239K | 1.18M | -8.13M | 7.07M | -7.04M | 9.71M | -4.53M | 1.72M | -5.41M | 8.02M |
Cash at end of period | 5.56M | 5.32M | 4.14M | 12.27M | 5.20M | 12.24M | 2.53M | 7.07M | 5.34M | 10.75M |
| Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source |