← 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
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $231.1m $15.6m ($87.1m) ($150.1m)
Net Income (Loss) Attributable to Parent ($249.0m) $79.7m $248.8m $74.1m $37.8m ($41.5m) $231.1m $15.6m ($87.1m) ($150.1m)
Net Income (Loss) Available to Common Stockholders, Basic ($249.0m) $76.4m $239.1m $72.7m $37.4m ($41.5m) $231.1m $15.6m ($87.1m) ($150.1m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — — ($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
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
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
Deferred Income Tax Expense (Benefit) $28.4m $217k $500k ($64.1m) ($30.3m) ($8.2m) $45.2m $18.5m ($10.1m) $50.7m
Deferred Income Tax — — — — — — $45.2m $18.5m ($10.1m) $50.7m
Deferred Tax — — — — — — $45.2m $18.5m ($10.1m) $50.7m
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
Share-based Payment Arrangement, Expense — — — $3.7m $4.0m $3.4m $7.9m $10.4m $10.2m $12.2m
Gain (Loss) on Extinguishment of Debt $123.9m $7.8m $47.1m $0 $47.5m $0 $0 — — ($15.0m)
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
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:
Additional Financial Items
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)
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 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
Unrealized Gain (Loss) on Derivatives — — — — — ($80.1m) $39.6m $58.8m $710k ($2.7m)
Beginning Cash Position — — — — — — $250.2m $465.8m $177.8m $110.6m
Cash Flow From Continuing Financing Activities — — — — — — ($28.9m) ($321.7m) ($8.6m) ($69.0m)
Cash Flow From Continuing Investing Activities — — — — — — ($95.1m) ($81.6m) ($118.2m) $21.9m
Change In Account Payable — — — — — — ($23.6m) $8.0m $26.4m $23.3m
Change In Other Working Capital — — — — — $7.7m ($11.6m) ($2.8m) — —
Change In Payable — — — — — — ($23.6m) $8.0m $26.4m $23.3m
Change In Payables And Accrued Expense — — — — — — ($23.6m) $8.0m $26.4m $23.3m
Change In Prepaid Assets — — — — — — $31.9m ($2.7m) ($1.4m) $3.4m
Change In Receivables — — — — — — ($15.5m) $12.6m ($19.6m) $5.3m
Change In Working Capital — — — — — — ($7.2m) $17.8m $5.4m $32.0m
Changes In Account Receivables — — — — — — ($15.5m) $12.6m ($19.6m) $5.3m
Changes In Cash — — — — — — $215.6m ($288.0m) ($67.2m) $30.1m
End Cash Position — — — — — — $465.8m $177.8m $110.6m $140.6m
Financing Cash Flow — — — — — — ($28.9m) ($321.7m) ($8.6m) ($69.0m)
Free Cash Flow — — — — — — $244.4m $33.7m ($58.6m) $27.8m
Gain Loss On Investment Securities — — — — — — $85.5m ($54.8m) ($3.6m) ($13.6m)
Investing Cash Flow — — — — — — ($95.1m) ($81.6m) ($118.2m) $21.9m
Issuance Of Capital Stock — — — — — $0 $16.5m $0 $0 —
Net PPE Purchase And Sale — — — — — — ($95.1m) ($81.6m) ($118.2m) ($37.6m)
Operating Gains Losses — — — — — — $85.5m ($54.8m) ($3.6m) $1.4m
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)
Sale Of PPE — — — — — $2k — $0 $0 $11.9m
Stock Based Compensation — — — — — — $7.9m $10.4m $10.2m $12.2m
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
Net Cash Provided by (Used in) Operating Activities $14.2m $159.4m $321.8m $232.2m $108.5m $133.7m $339.5m $115.3m $59.5m $77.2m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment — — $16.8m — — — ($95.1m) ($81.6m) ($118.2m) ($49.5m)
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
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
Cash flows from financing activities:
Issuance Of Debt — — — — — — $0 $275.0m $0 $350.0m
Long Term Debt Issuance — — — — — — $0 $275.0m $0 $350.0m
Net Issuance Payments Of Debt — — — — — — ($43.0m) ($311.9m) ($1.1m) ($40.4m)
Net Long Term Debt Issuance — — — — — — ($43.0m) ($311.9m) ($1.1m) ($40.4m)
Net Short Term Debt Issuance — — — — — $0 $0 $0 — —
Short Term Debt Issuance — — — — — $0 $0 — — —
Long Term Debt Payments — — — — — — ($43.0m) ($586.9m) ($1.1m) ($390.4m)
Repayment Of Debt — — — — — — ($43.0m) ($586.9m) ($1.1m) ($390.4m)
Short Term Debt Payments — — — — — ($80.0m) $0 $0 — —
Proceeds from Issuance of Common Stock — — — — — — $17.0m — — —
Common Stock Issuance — — — — — $0 $16.5m $0 $0 —
Net Common Stock Issuance — — — — — $0 $16.5m $0 $0 —
Payments of Ordinary Dividends, Common Stock — — — — — — — $1.5m $5.9m $6.0m
Cash Dividends Paid — — — — — — $0 ($1.5m) ($5.9m) ($6.0m)
Common Stock Dividend Paid — — — — — — $0 ($1.5m) ($5.9m) ($6.0m)
Dividends Received CFI — — — — — — — $0 $0 $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)
Net Cash Provided by (Used in) Financing Activities $53.0m ($23.5m) ($321.1m) $80.7m ($49.6m) $100.3m ($28.9m) ($321.7m) ($8.6m) ($69.0m)
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
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
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $215.6m ($288.0m) ($67.2m) $30.1m
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

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.