← W&T OFFSHORE INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Available to Common Stockholders, Basic | ($249.0m) |
$76.4m
+130.70%
|
$239.1m
+212.80%
|
$72.7m
-69.59%
|
$37.4m
-48.63%
|
($41.5m)
-211.04%
|
$231.1m
+657.28%
|
$15.6m
-93.25%
|
($87.1m)
-658.69%
|
($150.1m)
-72.20%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($249.0m) | $79.7m | $248.8m | $74.1m | $37.8m | ($41.5m) | $231.1m | $15.6m | ($87.1m) | ($150.1m) | — | |
| Depreciation, Depletion and Amortization | $194.0m | $138.5m | $131.4m | $129.0m | $97.8m | $90.5m | $107.1m | $114.7m | $143.0m | $116.4m | $143.5m | |
| Amortization of Debt Issuance Costs and Discounts | $2.5m | $1.7m | $2.9m | $5.5m | $6.8m | $6.6m | $7.6m | $7.0m | $4.6m | $3.4m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $133.6m | $143.7m | $175.4m | $149.8m | $143.5m | |
| Depreciation, Amortization and Accretion, Net | $211.6m | $155.7m | $149.9m | $148.5m | $120.3m | $113.4m | $133.6m | $143.7m | $175.4m | $149.8m | $143.5m | |
| Deferred Income Tax Expense (Benefit) | $28.4m | $217k | $500k | ($64.1m) | ($30.3m) | ($8.2m) | $45.2m | $18.5m | ($10.1m) | $50.7m | $58.5m | |
| Deferred Tax | — | — | — | — | — | — | $45.2m | $18.5m | ($10.1m) | $50.7m | $58.5m | |
| Share-based Payment Arrangement, Noncash Expense | $11.0m | $7.2m | $3.5m | $3.7m | $4.0m | $3.4m | $7.9m | $10.4m | $10.2m | $12.2m | $25.8m | |
| Share-based Payment Arrangement, Expense | — | — | — | $3.7m | $4.0m | $3.4m | $7.9m | $10.4m | $10.2m | $12.2m | $25.8m | |
| Other Nonoperating Income (Expense) | $6.5m | ($4.8m) | $3.9m | ($188k) | ($3.0m) | $6.2m | ($14.3m) | ($5.6m) | ($18.1m) | ($8.4m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($7.2m) | $17.8m | $5.4m | $32.0m | ($5.5m) | |
| Increase (Decrease) in Accounts Receivable | $7.0m | $2.4m | $2.4m | $9.6m | ($18.5m) | $16.1m | $11.2m | ($14.1m) | $19.6m | ($5.3m) | ($3.4m) | |
| Change In Receivables | — | — | — | — | — | — | ($15.5m) | $12.6m | ($19.6m) | $5.3m | ($3.4m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($15.5m) | $12.6m | ($19.6m) | $5.3m | ($3.4m) | |
| Net Cash Provided by (Used in) Operating Activities | $14.2m |
$159.4m
+1024.17%
|
$321.8m
+101.85%
|
$232.2m
-27.83%
|
$108.5m
-53.27%
|
$133.7m
+23.19%
|
$339.5m
+154.01%
|
$115.3m
-66.03%
|
$59.5m
-48.37%
|
$77.2m
+29.74%
|
$88.3m
+14.38%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | — | — | $16.8m | — | — | — | ($95.1m) | ($81.6m) | ($118.2m) | ($49.5m) | ($50.5m) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | $26.5m | ($5.3m) | $1.9m | $535k | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | $5.3m | ($1.9m) | ($535k) | — | $58.5m | $58.5m | |
| Net Cash Provided by (Used in) Investing Activities | ($82.4m) | ($107.1m) | ($66.4m) | ($313.8m) | ($47.6m) | ($27.4m) | ($95.1m) | ($81.6m) | ($118.2m) | $21.9m | ($49.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $123.9m | $7.8m | $47.1m | $0 | $47.5m | $0 | $0 | — | — | ($15.0m) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $275.0m | $0 | $350.0m | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $275.0m | $0 | $350.0m | $0 | |
| Long Term Debt Payments | — | — | — | — | — | — | ($43.0m) | ($586.9m) | ($1.1m) | ($390.4m) | ($559k) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($43.0m) | ($311.9m) | ($1.1m) | ($40.4m) | ($559k) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($43.0m) | ($311.9m) | ($1.1m) | ($40.4m) | ($559k) | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $0 | — | — | ($1.1m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($43.0m) | ($586.9m) | ($1.1m) | ($390.4m) | ($559k) | |
| Short Term Debt Payments | — | — | — | — | — | ($80.0m) | $0 | $0 | — | — | ($1.1m) | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | — | — | $1.5m | $5.9m | $6.0m | ($6.1m) | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | — | $17.0m | — | — | — | $0 | |
| Common Stock Dividend Paid | — | — | — | — | — | — | $0 | ($1.5m) | ($5.9m) | ($6.0m) | ($6.1m) | |
| Common Stock Issuance | — | — | — | — | — | $0 | $16.5m | $0 | $0 | — | $0 | |
| Issuance Of Capital Stock | — | — | — | — | — | $0 | $16.5m | $0 | $0 | — | $0 | |
| Cash Dividends Paid | — | — | — | — | — | — | $0 | ($1.5m) | ($5.9m) | ($6.0m) | ($6.1m) | |
| Dividends Received CFI | — | — | — | — | — | — | — | $0 | $0 | $927k | $927k | |
| Proceeds from (Payments for) Other Financing Activities | ($928k) | ($1.3m) | ($3.6m) | ($2.3m) | ($670k) | ($782k) | ($716k) | ($957k) | ($798k) | ($767k) | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($2.4m) | ($8.3m) | ($1.6m) | ($22.6m) | ($3.7m) | |
| Net Cash Provided by (Used in) Financing Activities | $53.0m |
($23.5m)
-144.27%
|
($321.1m)
-1267.79%
|
$80.7m
+125.14%
|
($49.6m)
-161.44%
|
$100.3m
+302.15%
|
($28.9m)
-128.82%
|
($321.7m)
-1013.59%
|
($8.6m)
+97.34%
|
($69.0m)
-706.34%
|
($10.3m)
+85.03%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($15.2m) | $28.8m | ($65.8m) | ($860k) | $11.3m | $206.5m | $215.6m | ($288.0m) | ($67.2m) | $30.1m | $150.7m | |
| Beginning Cash Position | — | — | — | — | — | — | $250.2m | $465.8m | $177.8m | $110.6m | $122.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($15.2m) | $28.8m | ($65.8m) | ($860k) | $11.3m | $206.5m | $215.6m | $177.8m | $110.6m | $140.6m | $150.7m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $96.5m | $65.9m | $61.5m | — | — | $64.8m | $71.1m | $42.1m | $40.6m | $35.9m | — | |
| Income Taxes Paid, Net | — | — | — | — | — | $152k | $8.2m | $2.4m | — | $607k | — | |
| Additional Financial Items | ||||||||||||
| Asset Retirement Obligation, Accretion Expense | $17.6m | $17.2m | $18.4m | $19.5m | $22.5m | $22.9m | $26.5m | $29.0m | $32.4m | $33.4m | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($2.9m) | $4.2m | $53.8m | ($59.9m) | $23.8m | ($175.3m) | ($85.5m) | $54.8m | $3.6m | $13.6m | — | |
| Gain (Loss) on Sale of Derivatives | — | — | — | — | — | ($95.2m) | ($125.1m) | ($4.1m) | $2.9m | $16.3m | — | |
| General and Administrative Expense | $59.7m | $59.7m | $60.1m | $55.1m | $41.7m | $52.4m | $73.7m | $75.5m | $82.4m | $80.0m | — | |
| Income Tax Expense (Benefit) | ($43.4m) | ($12.6m) | $535k | ($75.2m) | ($30.2m) | ($8.1m) | $53.7m | $18.3m | ($10.0m) | $50.9m | — | |
| Operating Lease, Expense | — | — | $153.3m | $184.3m | $162.9m | $174.6m | $224.4m | $257.7m | $281.5m | $298.8m | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | ($80.1m) | $39.6m | $58.8m | $710k | ($2.7m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($28.9m) | ($321.7m) | ($8.6m) | ($69.0m) | ($10.3m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($95.1m) | ($81.6m) | ($118.2m) | $21.9m | ($49.6m) | |
| Change In Account Payable | — | — | — | — | — | — | ($23.6m) | $8.0m | $26.4m | $23.3m | $34.4m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $215.6m | ($288.0m) | ($67.2m) | $30.1m | — | |
| Change In Other Working Capital | — | — | — | — | — | $7.7m | ($11.6m) | ($2.8m) | — | — | — | |
| Change In Payable | — | — | — | — | — | — | ($23.6m) | $8.0m | $26.4m | $23.3m | $34.4m | |
| Change In Prepaid Assets | — | — | — | — | — | — | $31.9m | ($2.7m) | ($1.4m) | $3.4m | ($920k) | |
| Changes In Cash | — | — | — | — | — | — | $215.6m | ($288.0m) | ($67.2m) | $30.1m | $28.4m | |
| End Cash Position | — | — | — | — | — | — | $465.8m | $177.8m | $110.6m | $140.6m | $150.7m | |
| Financing Cash Flow | — | — | — | — | — | — | ($28.9m) |
($321.7m)
-1013.59%
|
($8.6m)
+97.34%
|
($69.0m)
-706.34%
|
($10.3m)
+85.03%
|
|
| Free Cash Flow | — | — | — | — | — | — | $244.4m | $33.7m | ($58.6m) | $27.8m | $37.8m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $85.5m | ($54.8m) | ($3.6m) | ($13.6m) | $22.1m | |
| Investing Cash Flow | — | — | — | — | — | — | ($95.1m) | ($81.6m) | ($118.2m) | $21.9m | ($49.6m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($95.1m) | ($81.6m) | ($118.2m) | ($37.6m) | ($50.5m) | |
| Operating Gains Losses | — | — | — | — | — | — | $85.5m | ($54.8m) | ($3.6m) | $1.4m | $22.1m | |
| Other Non Cash Items | — | — | — | — | — | — | ($156.7m) | ($35.9m) | ($30.6m) | ($18.8m) | — | |
| Purchase Of PPE | — | — | $16.8m | — | — | — | ($95.1m) | ($81.6m) | ($118.2m) | ($49.5m) | ($50.5m) | |
| Sale Of PPE | — | — | — | — | — | $2k | — | $0 | $0 | $11.9m | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $7.9m | $10.4m | $10.2m | $12.2m | $25.8m |