Oil
Beginning Annual Avg.
Reserves Production Price
Year (MBbls) (MBbls) $ / Bbl
Acreage
Debt ($ in thousands)
Current portion of long-term debt $ 1,769
Short-term debt $ -
Long-term debt $ 1,446,535
Minority interest $ -
other long term liabilities $ 34,986
Sensitivity Analysis
Discount Rate
Gas production Growth
Discount Rate
ount Rate
oduction Growth
ount Rate
Cash After-Tax
Tax Rate Cash Flows
0.0% $ 279,095
0.0% $ 288,943
0.0% $ 296,762
0.0% $ 307,197
0.0% $ 317,841
0.0% $ 515,674
0.0% $ 489,891
0.0% $ 417,306
0.0% $ 331,218
0.0% $ 128,152
0.0% $ -
0.0% $ -
0.0% $ -
0.0% $ -
0.0% $ -
Capitalization table
($ in thousands except share price)
$ 2.85 $ 4.79
$ 12.12 $ 12.30
$ 12.06 $ 12.42
$ 2.85 $ 4.79
Production
Historical
2012 2013 2014
100.00
Total Daily Equivalent Natural Gas (Mcfe/d) 520.35 443.58 371.89
CAGR -15.46%
-
Cru
Reserves
Historical
2012 2013 2014
2P reserves
oil (Mbbls)
developed 4,371 11,274 14,429
undeveloped 1,199 4,104 3,258
total 5,570 15,378 17,687 1,400,000
600.00
CAGR
-15.4 =
500.00
6%
400.00
300.00
200.00
100.00
-
1 2 3
Reserves (Mmcfe)
. 89 %
R = 11
G
1,400,000
1,200,000
CA
1,000,000
800,000
600,000
400,000
200,000
-
1 2 3
Historical
2012
2P reserves
oil (Mbbls)
developed 4,371
undeveloped 1,199
total 5,570
Historical
2013 2014
11,274 14,429
4,104 3,258
15,378 17,687
657,116 502,314
359,363 652,714
1,016,479 1,155,028
2088 387
495 54
2583 441
92,268 106,122
1,016,479 1,155,028
15498 2646
1,124,245 1,263,796
Historical Projected Annual Foreca
2012 2013 2014 2015 2016
Average NYMEX prices
Oil ($ Per Bbl): $ 94.15 $ 97.96 $ 92.99 $ 70.00 $ 70.00
Gas ($ Per Mcf): $ 2.79 $ 3.65 $ 4.41 $ 6.00 $ 6.00
Natural Gas Liquids ($ Per Bbl): $ 94.15 $ 97.96 $ 92.99 $ 70.00 $ 70.00
Historical
2012 2013 2014
Historical
2012 2013 2014
Expenses Per Mcfe of Production ($ as Stated):
operating costs 0.41 0.38 0.47
production and valorem taxes 0.14 0.14 0.22
Gathering and transportation 0.54 0.62 0.75
Depletion 1.52 1.47 1.90
Depreciation and amortization 0.08 0.05 0.04
Historical
2012 2013 2014
Production Expenses ($ in thousands)
operating costs $ 77,127 $ 61,277 $ 64,467
production and valorem taxes $ 27,483 $ 21,971 $ 29,859
Gathering and transportation $ 102,875 $ 100,645 $ 101,574
Depletion $ 288,401 $ 237,899 $ 258,266
Depreciation and amortization $ 14,755 $ 7,876 $ 5,303
Income Statement
Annual Standardised in Millions of U.S. Dollars
2014 2013 2012 2011
Period End Date 31-Dec-2014 31-Dec-2013 31-Dec-2012 31-Dec-2011
Revenue 660.3 634.3 546.6 754.2
Net Sales 660.3 634.3 546.6 754.2
Other Revenue, Total -- -- -- --
Total Revenue 660.3 634.3 546.6 754.2
Cost of Revenue, Total 94.3 83.2 104.6 108.6
Cost of Revenue 94.3 83.2 104.6 108.6
Gross Profit 565.9 551.1 442.0 645.6
Selling/General/Admin. Expenses, Total 167.5 192.5 186.7 191.5
Selling/General/Administrative Expense 167.5 192.5 186.7 191.5
Research & Development -- -- -- --
Depreciation/Amortization 263.6 245.8 303.2 363.0
Depreciation 263.6 245.8 303.2 363.0
Interest Expense, Net - Operating -- -- -- --
Interest/Investment Income - Operating -- -- -- --
Interest Expense(Income) - Net Operating -- -- -- --
Interest Exp.(Inc.),Net-Operating, Total -- -- -- --
Unusual Expense (Income) 5.3 (69.0) 1,363.8 257.1
Impairment-Assets Held for Use 0.0 108.5 1,346.7 233.2
Other Unusual Expense (Income) 5.3 (177.5) 17.0 23.8
Other Operating Expenses, Total 2.7 2.5 3.9 3.7
Other Operating Expense 2.7 2.5 3.9 3.7
Total Operating Expense 533.4 455.1 1,962.1 923.8
Operating Income 126.9 179.2 (1,415.5) (169.6)
Interest Expense, Net Non-Operating (94.3) (102.6) (73.5) (61.0)
Interest Expense - Non-Operating (114.3) (121.3) (97.3) (91.1)
Interest Capitalized - Non-Operating 20.1 18.7 23.8 30.1
Interest/Invest Income - Non-Operating 87.8 (53.6) 94.8 252.4
Investment Income - Non-Operating 87.8 (53.6) 94.8 252.4
Interest Income(Exp), Net Non-Operating -- -- -- --
Interest Inc.(Exp.),Net-Non-Op., Total (6.4) (156.2) 21.3 191.4
Gain (Loss) on Sale of Assets -- -- -- --
Other, Net 0.2 (0.8) 1.0 0.8
Other Non-Operating Income (Expense) 0.2 (0.8) 1.0 0.8
Net Income Before Taxes 120.7 22.2 (1,393.3) 22.6
Provision for Income Taxes 0.0 0.0 0.0 0.0
Net Income After Taxes 120.7 22.2 (1,393.3) 22.6
Minority Interest -- -- -- --
Equity In Affiliates -- -- -- --
U.S. GAAP Adjustment -- -- -- --
Net Income Before Extra. Items 120.7 22.2 (1,393.3) 22.6
Accounting Change -- -- -- --
Discontinued Operations -- -- -- --
Extraordinary Item -- -- -- --
Tax on Extraordinary Items -- -- -- --
Total Extraordinary Items -- -- -- --
Net Income 120.7 22.2 (1,393.3) 22.6
Preferred Dividends -- -- -- --
General Partners' Distributions -- -- -- --
Miscellaneous Earnings Adjustment -- -- -- --
Pro Forma Adjustment -- -- -- --
Interest Adjustment - Primary EPS -- -- -- --
Total Adjustments to Net Income -- -- -- --
Income Available to Com Excl ExtraOrd 120.7 22.2 (1,393.3) 22.6
Income Available to Com Incl ExtraOrd 120.7 22.2 (1,393.3) 22.6
Basic Weighted Average Shares 268.3 215.0 214.3 213.9
Basic EPS Excluding Extraordinary Items 0.45 0.10 (6.50) 0.11
Basic EPS Including Extraordinary Items 0.45 0.10 (6.50) 0.11
Dilution Adjustment -- 0.0 0.0 0.0
Diluted Net Income 120.7 22.2 (1,393.3) 22.6
Diluted Weighted Average Shares 268.4 230.9 214.3 216.7
Diluted EPS Excluding ExtraOrd Items 0.45 0.10 (6.50) 0.10
Diluted EPS Including ExtraOrd Items 0.45 0.10 (6.50) 0.10
Supplemental ($ Millions)
DPS - Common Stock Primary Issue 0.15 0.19 0.16 0.16
Dividends per Share - Com Stock Issue 2 -- -- -- --
Dividends per Share - Com Stock Issue 3 -- -- -- --
Dividends per Share - Com Stock Issue 4 -- -- -- --
Special DPS - Common Stock Primary Issue -- -- -- --
Special DPS - Common Stock Issue 2 -- -- -- --
Special DPS - Common Stock Issue 3 -- -- -- --
Special DPS - Common Stock Issue 4 -- -- -- --
Gross Dividends - Common Stock 40.9 43.4 34.7 34.4
Pro Forma Stock Compensation Expense -- -- -- --
Net Income after Stock Based Comp. Exp. -- -- -- --
Basic EPS after Stock Based Comp. Exp. -- -- -- --
Diluted EPS after Stock Based Comp. Exp. -- -- -- --
Stock-Based Compensation, Supplemental 5.0 10.7 8.9 11.0
Interest Expense, Supplemental 94.3 102.6 73.5 61.0
Interest Capitalized, Supplemental (20.1) (18.7) (23.8) (30.1)
Interest Expense (Financial Oper), Suppl -- -- -- --
Net Revenues -- -- -- --
Depreciation, Supplemental 263.6 245.8 303.2 363.0
Funds From Operations - REIT -- -- -- --
(Gain) Loss on Sale of Assets, Suppl. -- -- -- --
Impairment-Assets Held for Sale, Suppl. -- -- -- --
Impairment-Assets Held for Use, Suppl. -- -- -- --
Litigation Charge, Supplemental -- -- -- --
Purchased R&D Written-Off, Supplemental -- -- -- --
Restructuring Charge, Supplemental -- -- -- --
Other Unusual Expense(Income), Suppl. -- -- -- --
Non-Recurring Items, Supplemental, Total -- -- -- --
Total Special Items 5.3 (69.0) 1,363.8 257.1
Normalized Income Before Taxes 126.0 (46.8) (29.5) 279.7
Effect of Special Items on Income Taxes 0.0 0.0 0.0 0.0
Inc Tax Ex Impact of Sp Items 0.0 0.0 0.0 0.0
Normalized Income After Taxes 126.0 (46.8) (29.5) 279.7
Normalized Inc. Avail to Com. 126.0 (46.8) (29.5) 279.7
Basic Normalized EPS 0.47 (0.22) (0.14) 1.31
Diluted Normalized EPS 0.47 (0.20) (0.14) 1.29
Amort of Acquisition Costs, Supplemental -- -- -- --
Amort of Intangibles, Supplemental -- -- -- --
Rental Expense, Supplemental 5.1 5.9 6.8 8.2
Labor & Related Expense Suppl. -- -- -- --
EPS, Supplemental -- -- -- --
Advertising Expense, Supplemental -- -- -- --
Equity in Affiliates, Supplemental 0.2 (53.3) 28.6 32.7
Minority Interest, Supplemental -- -- -- --
Research & Development Exp, Supplemental -- -- -- --
Audit Fees 1.7 2.1 2.3 2.3
Audit-Related Fees 0.1 0.0 0.2 0.0
Tax Fees 0.2 0.1 0.1 0.1
All Other Fees 0.0 0.2 0.0 0.0
Reported Recurring Revenue -- -- -- --
Reported Net Premiums Written -- -- -- --
Reported Total Revenue -- -- -- --
Reported Operating Revenue -- -- -- --
Reported Total Cost of Revenue -- -- -- --
Reported Total Sales, General & Admin. -- -- -- --
Reported Gross Profit -- -- -- --
Reported Operating Profit -- -- -- --
Reported Operating Profit Margin -- -- -- --
Reported Ordinary Profit -- -- -- --
Reported Net Income After Tax -- -- -- --
Reported Basic EPS -- -- -- --
Reported Diluted EPS -- -- -- --
Reported Net Business Profits -- -- -- --
Islamic Income -- -- -- --
Zakat -- -- -- --
Islamic Section, Supplemental -- -- -- --
Normalized EBIT 132.2 110.2 (51.7) 87.5
Normalized EBITDA 395.8 356.0 251.4 450.4
Tax & Pension Items ($ Millions)
Current Tax - Total -- 0.0 0.0 0.0
Current Tax - Domestic -- 0.0 0.0 0.0
Current Tax - Local -- 0.0 0.0 0.0
Deferred Tax - Total -- 0.0 0.0 0.0
Deferred Tax - Domestic -- 25.6 (485.5) 10.1
Deferred Tax - Local -- 3.2 (59.4) 1.6
Deferred Tax - Other -- (28.9) 544.9 (11.7)
Income Tax - Total -- 0.0 0.0 0.0
Income Tax by Region - Total -- -- -- --
Domestic Pension Plan Expense -- -- -- --
Foreign Pension Plan Expense -- -- -- --
Post-Retirement Plan Expense -- -- -- --
Total Pension Expense 7.1 8.4 9.4 9.4
Defined Contribution Expense - Domestic 7.1 8.4 9.4 9.4
Assumptions -- -- -- --
Total Plan Interest Cost -- -- -- --
Total Plan Service Cost -- -- -- --
Total Plan Expected Return -- -- -- --
Total Plan Other Expense -- -- -- --
Dividends and Capital Changes
EXCO Resources Ord Shs
-- I $0.05 I $0.04 I $0.04 I
(15-Dec) Ann. (21-Nov) Ann. (28-Nov) Ann. (17-Nov) Ann.
$0.05 F $0.05 F $0.04 F $0.04 F
(11-Sep) Ann. (11-Sep) Ann. (04-Sep) Ann. (01-Sep) Ann.
$0.05 I $0.05 I $0.04 I $0.04 I
(22-May) Ann. (30-May) Ann. (31-May) Ann. (01-Jun) Ann.
$0.05 I $0.05 I $0.04 I $0.04 I
Cash Dividend (10-Mar) Ann. (01-Mar) Ann. (01-Mar) Ann. (02-Mar) Ann.
Buyback -- -- -- --
0
Rights Issue (28-Feb) -- -- --
(0.02) -0.96% Sell
2010 2009
31-Dec-2010 31-Dec-2009
515.2 585.8
515.2 585.8
-- --
515.2 585.8
108.2 213.2
108.2 213.2
407.0 372.6
160.0 118.1
160.0 118.1
-- --
197.0 221.4
197.0 221.4
-- --
-- --
-- --
-- --
(509.9) 617.1
0.0 1,293.6
(509.9) (676.4)
3.8 7.1
3.8 7.1
(41.0) 1,177.1
556.2 (591.2)
(45.5) (147.2)
(66.4) (153.0)
20.8 5.8
162.5 232.0
162.5 232.0
-- --
117.0 84.8
-- --
0.3 0.1
0.3 0.1
673.5 (506.3)
1.6 (9.5)
671.9 (496.8)
-- --
-- --
-- --
671.9 (496.8)
-- --
-- --
-- --
-- --
-- --
671.9 (496.8)
0.0 0.0
-- --
-- --
-- --
-- --
0.0 0.0
671.9 (496.8)
671.9 (496.8)
214.9 213.7
3.13 (2.33)
3.13 (2.33)
0.0 0.0
671.9 (496.8)
218.2 213.7
3.08 (2.33)
3.08 (2.33)
0.14 0.05
-- --
-- --
-- --
-- --
-- --
-- --
-- --
29.8 10.6
-- --
-- --
-- --
-- --
16.8 19.0
45.5 147.2
(20.8) (5.8)
-- --
-- --
197.0 221.4
-- --
15.4 --
-- --
-- --
-- --
-- --
-- --
(37.9) --
(22.6) --
(532.4) 617.1
141.1 110.8
(1.3) 216.0
0.3 206.5
140.8 (95.7)
140.8 (95.7)
0.66 (0.45)
0.65 (0.45)
-- --
-- --
8.2 28.1
-- --
-- --
-- --
16.0 (0.1)
-- --
-- --
2.2 2.5
0.2 0.2
0.1 0.1
0.0 0.1
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
23.8 25.9
220.7 247.4
1.6 (0.1)
1.3 0.0
0.3 (0.1)
0.0 (9.4)
248.1 (130.7)
29.1 (20.6)
(277.2) 142.0
1.6 (9.5)
-- --
-- --
-- --
-- --
7.8 7.0
7.8 7.0
-- --
-- --
-- --
-- --
-- --
$0.04 I $0.02 I
(18-Nov) Ann. (19-Nov) Ann.
$0.04 F $0.02 F
(05-Aug) Ann. (01-Oct) Ann.
$0.03 I
(21-May) Ann. --
$0.03 I
(22-Feb) Ann. --
1x
(19-Jul) --
-- --
EXCO Resources Inc | Balance Sheet | Thomson Reuters Eikon 27-May-2015 19:26
Balance Sheet
Annual Standardised in Millions of U.S. Dollars
2014 2013 2012 2011
Period End Date 31-Dec-2014 31-Dec-2013 31-Dec-2012 31-Dec-2011
Assets ($ Millions)
Cash and Short Term Investments 46.3 50.5 45.6 32.0
Cash & Equivalents 46.3 50.5 45.6 32.0
Accounts Receivable - Trade, Net 147.1 199.1 153.8 259.4
Total Receivables, Net 156.1 217.1 168.8 287.9
Receivables - Other 8.9 18.0 15.1 28.5
Total Inventory 7.2 3.1 5.7 8.3
Prepaid Expenses -- -- -- --
Other Current Assets, Total 121.2 35.2 141.7 349.7
Restricted Cash - Current 24.0 20.6 70.1 155.9
Other Current Assets 97.3 14.6 71.6 193.8
Total Current Assets 330.8 305.9 361.9 678.0
Property/Plant/Equipment, Total - Gross 4,128.1 4,013.0 3,316.6 4,195.7
Natural Resources - Gross 4,128.1 4,013.0 3,316.6 4,195.7
Property/Plant/Equipment, Total - Net 1,738.3 1,846.4 1,357.4 2,551.8
Accumulated Depreciation, Total (2,414.5) (2,193.8) (1,979.9) (1,686.3)
Goodwill, Net 163.2 163.2 218.3 218.3
Intangibles, Net -- -- -- --
Long Term Investments 56.0 57.6 347.0 302.8
LT Investment - Affiliate Companies 56.0 57.6 347.0 302.8
LT Investments - Other -- -- -- 0.0
Note Receivable - Long Term -- -- -- --
Other Long Term Assets, Total 68.7 35.7 39.2 40.7
Deferred Charges 30.6 28.8 22.6 29.6
Defered Income Tax - Long Term Asset 35.9 -- -- --
Other Long Term Assets 2.1 6.9 16.6 11.1
Total Assets 2,356.9 2,408.6 2,323.7 3,791.6
Liabilities ($ Millions)
Accounts Payable -- -- -- --
Payable/Accrued 136.5 150.3 100.3 135.9
Accrued Expenses -- -- -- --
Notes Payable/Short Term Debt 0.0 0.0 0.0 0.0
Current Port. of LT Debt/Capital Leases -- 31.9 -- --
Other Current liabilities, Total 228.9 167.0 137.7 151.5
Income Taxes Payable 0.0 0.0 0.0 0.0
Other Payables 152.7 154.9 134.1 148.9
Deferred Income Tax - Current Liability 35.9 -- -- --
Other Current Liabilities 40.3 12.1 3.6 2.5
Total Current Liabilities 365.4 349.2 237.9 287.4
Total Long Term Debt 1,446.5 1,858.9 1,849.0 1,887.8
Long Term Debt 1,446.5 1,858.9 1,849.0 1,887.8
Total Debt 1,446.5 1,890.8 1,849.0 1,887.8
Deferred Income Tax -- 0.0 0.0 0.0
Deferred Income Tax - LT Liability -- 0.0 0.0 0.0
Minority Interest -- -- -- --
Other Liabilities, Total 35.0 52.6 87.4 58.0
Other Long Term Liabilities 35.0 52.6 87.4 58.0
Total Liabilities 1,846.9 2,260.7 2,174.3 2,233.3
Shareholders Equity ($ Millions)
Redeemable Preferred Stock, Total -- 0.0 0.0 0.0
Redeemable Preferred Stock -- 0.0 0.0 0.0
Preferred Stock - Non Redeemable, Net -- -- -- --
Common Stock, Total 0.3 0.2 0.2 0.2
Common Stock 0.3 0.2 0.2 0.2
Additional Paid-In Capital 3,502.2 3,219.8 3,200.1 3,181.1
Retained Earnings (Accumulated Deficit) (2,984.9) (3,064.6) (3,043.4) (1,615.5)
Treasury Stock - Common (7.6) (7.5) (7.5) (7.5)
ESOP Debt Guarantee -- -- -- --
Unrealized Gain (Loss) -- -- -- --
Other Equity, Total -- -- -- --
Total Equity 510.0 147.9 149.4 1,558.3
Total Liabilities & Shareholders' Equity 2,356.9 2,408.6 2,323.7 3,791.6
Supplemental ($ Millions)
Shares Outstanding - Common Issue 2 -- -- -- --
Shares Outstanding - Common Issue 3 -- -- -- --
Shares Outstanding - Common Issue 4 -- -- -- --
Total Common Shares Outstanding 273.8 272.8 220.1 219.2
Shares Outs - Common Stock Primary Issue 273.8 272.8 220.1 219.2
Treas Shares - Common Stock Prmry Issue 0.6 0.5 0.5 0.5
Treasury Shares - Common Issue 2 -- -- -- --
Treasury Shares - Common Issue 3 -- -- -- --
Treasury Shares - Common Issue 4 -- -- -- --
Total Preferred Shares Outstanding -- -- 0.0 0.0
Shares Outstanding - Preferred Issue 1 -- -- 0.0 0.0
Treasury Shares - Preferred Issue 1 -- -- 0.0 0.0
Treasury Shares - Preferred Issue 2 -- -- -- --
Treasury Shares - Preferred Issue 3 -- -- -- --
Treasury Shares - Preferred Issue 4 -- -- -- --
Treasury Shares - Preferred Issue 5 -- -- -- --
Treasury Shares - Preferred Issue 6 -- -- -- --
Minority Interest - Redeemable -- -- -- --
Minority Interest - Non Redeemable -- -- -- --
Total Equity & Minority Interest 510.0 147.9 149.4 1,558.3
Full-Time Employees 558 755 919 1,093
Part-Time Employees -- -- -- --
Number of Common Shareholders 253 263 323 461
Other Property/Plant/Equipment - Net 24.6 27.2 20.7 42.4
Intangibles - Net -- -- -- --
Goodwill - Net 163.2 163.2 218.3 218.3
Short Term Debt Financial Sector, Suppl. -- -- -- --
Curr Port - LTD/Cap Lse Fin Sec., Suppl. -- -- -- --
Long Term Debt Financial Sector, Suppl. -- -- -- --
Capital Lease Oblig. - Fin Sector, Suppl -- -- -- --
Accumulated Goodwill Amortization Suppl. -- -- -- --
Accumulated Intangible Amort, Suppl. -- -- -- --
Deferred Revenue - Current -- -- -- --
Deferred Revenue - Long Term -- -- -- --
Curr Derivative Liab. Hedging, Suppl. 0.9 11.9 2.4 --
Curr Derivative Liab. Spec./Trdg, Suppl. -- -- -- --
Non-Curr Derivative Liab. Hedging, Suppl -- 9.7 26.4 --
Non-Curr Derivative Liab Spec/Trdg Suppl -- -- -- --
Total Risk-Weighted Capital -- -- -- --
Tier 1 Capital % -- -- -- --
Total Capital % -- -- -- --
Trading Account -- -- -- --
Credit Exposure -- -- -- --
Non-Performing Loans -- -- -- --
Assets under Management -- -- -- --
Total Current Assets less Inventory 323.6 302.8 356.2 669.7
Net Debt 1,400.2 1,840.3 1,803.3 1,855.8
Tangible Book Value, Common Equity 346.8 (15.3) (68.9) 1,340.1
Reported Total Assets -- -- -- --
Reported Total Liabilities -- -- -- --
Shareholders' Equity Excl. Stock Subscr. -- -- -- --
Reported Shareholder's Equity -- -- -- --
Reported Net Assets -- -- -- --
Reported Net Assets to Total Assets -- -- -- --
Reported Return on Assets -- -- -- --
Reported Return on Equity -- -- -- --
Islamic Investments & Deposits -- -- -- --
Islamic Receivables -- -- -- --
Islamic Debt -- -- -- --
Islamic Section, Supplemental -- -- -- --
Debt & Lease, Pension Items ($ Millions)
Total Long Term Debt, Supplemental 202.5 322.9 1,857.5 1,897.5
Long Term Debt Maturing within 1 Year 0.0 31.9 0.0 0.0
Long Term Debt Maturing in Year 2 0.0 3.0 0.0 0.0
Long Term Debt Maturing in Year 3 0.0 3.0 0.0 0.0
Long Term Debt Maturing in Year 4 101.2 0.7 553.8 573.8
Long Term Debt Maturing in Year 5 101.2 0.7 553.8 573.8
Long Term Debt Maturing in 2-3 Years 0.0 6.0 0.0 0.0
Long Term Debt Maturing in 4-5 Years 202.5 1.5 1,107.5 1,147.5
Long Term Debt Matur. in Year 6 & Beyond 0.0 283.5 750.0 750.0
Total Capital Leases, Supplemental -- -- -- --
Total Operating Leases, Supplemental 22.8 14.7 29.3 41.8
Operating Lease Payments Due in Year 1 5.9 4.0 8.0 7.4
Operating Lease Payments Due in Year 2 5.2 4.0 8.0 7.4
Operating Lease Payments Due in Year 3 3.8 5.0 7.4 14.1
Operating Lease Payments Due in Year 4 3.1 1.6 4.6 7.3
Operating Lease Payments Due in Year 5 3.1 0.1 1.2 4.5
Operating Lease Payments Due in Year 6 -- 0.0 0.0 1.1
Operating Lease Pymts. Due in 2-3 Years 9.1 9.0 15.5 21.5
Operating Lease Pymts. Due in 4-5 Years 6.1 1.7 5.7 11.8
Oper. Lse. Pymts. Due in Year 6 & Beyond 1.6 0.0 0.0 1.1
Total Funded Status -- -- -- --
Period End Assumptions -- -- -- --
Net Assets Recognized on Balance Sheet -- -- -- --
Asset Allocation -- -- -- --
Total Plan Obligations -- -- -- --
Total Plan Assets -- -- -- --
(0.01) -0.64% Sell
2010 2009
31-Dec-2010 31-Dec-2009
44.2 68.4
44.2 68.4
185.1 103.6
220.7 114.4
35.6 10.8
7.9 15.8
-- --
247.7 203.4
161.7 58.9
85.9 144.5
520.5 402.1
3,128.3 2,549.1
3,128.3 2,549.1
1,834.5 1,425.5
(1,337.0) (1,155.4)
218.3 269.7
-- --
843.2 217.0
379.0 217.0
464.2 0.0
-- --
61.1 44.7
30.7 7.6
-- --
30.4 37.1
3,477.4 2,358.9
-- --
172.0 129.2
-- --
0.0 0.0
-- --
113.7 83.7
0.2 0.2
108.8 79.4
-- --
4.7 4.2
285.7 212.9
1,588.3 1,196.3
1,588.3 1,196.3
1,588.3 1,196.3
0.0 0.0
0.0 0.0
-- --
62.9 90.1
62.9 90.1
1,936.9 1,499.3
0.0 0.0
0.0 0.0
-- --
0.2 0.2
0.2 0.2
3,151.5 3,105.2
(1,603.7) (2,245.9)
(7.5) 0.0
-- --
-- --
-- --
1,540.6 859.6
3,477.4 2,358.9
-- --
-- --
-- --
215.6 214.3
215.6 214.3
0.5 0.0
-- --
-- --
-- --
0.0 0.0
0.0 0.0
0.0 0.0
-- --
-- --
-- --
-- --
-- --
-- --
-- --
1,540.6 859.6
927 802
-- --
62 86
43.1 31.8
-- --
218.3 269.7
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
512.6 386.3
1,544.0 1,127.9
1,322.3 589.9
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
1,599.0 444.7
0.0 0.0
424.5 222.4
424.5 222.4
0.0 0.0
0.0 0.0
849.0 444.7
0.0 0.0
750.0 0.0
-- --
31.6 33.2
7.3 7.4
6.6 6.2
6.4 5.3
6.0 5.0
4.2 5.0
-- --
13.0 11.5
10.3 10.1
1.1 4.3
-- --
-- --
-- --
-- --
-- --
-- --
EXCO Resources Inc | Cash Flow | Thomson Reuters Eikon 27-May-2015 19:29
Cash Flow
Annual Standardised in Millions of U.S. Dollars
2014 2013 2012 2011
Period End Date 31-Dec-2014 31-Dec-2013 31-Dec-2012 31-Dec-2011
Cash Flow-Operating Activities ($ Millions)
Net Income/Starting Line 120.7 22.2 (1,393.3) 22.6
Depreciation/Depletion 263.6 245.8 303.2 363.0
Depreciation 263.6 245.8 303.2 363.0
Amortization -- -- -- --
Deferred Taxes -- 0.0 0.0 0.0
Non-Cash Items (87.1) 62.0 1,478.0 147.0
Unusual Items 0.0 (76.6) 1,484.0 155.2
Equity in Net Earnings (Loss) (0.2) 53.3 (28.6) (32.7)
Other Non-Cash Items (86.9) 85.3 22.6 24.4
Changes in Working Capital 65.0 20.7 126.9 (104.0)
Accounts Receivable 52.0 (46.2) 112.9 (79.4)
Other Assets (2.6) 9.6 7.1 (6.0)
Accounts Payable -- -- -- (18.7)
Payable/Accrued 15.6 57.2 6.9 --
Cash from Operating Activities 362.1 350.6 514.8 428.5
Cash Flow-Investing Activities ($ Millions)
Capital Expenditures (391.8) (320.5) (534.2) (984.1)
Purchase of Fixed Assets (391.8) (320.5) (534.2) (984.1)
Other Investing Cash Flow Items, Total 170.2 68.1 107.1 274.6
Acquisition of Business (10.8) (976.7) (2.7) (753.3)
Sale of Fixed Assets 187.7 749.6 38.0 449.7
Sale/Maturity of Investment -- -- -- --
Investment, Net 1.7 236.3 -- --
Purchase of Investments -- -- (14.9) (13.8)
Other Investing Cash Flow (8.4) 58.9 86.7 592.0
Cash from Investing Activities (221.6) (252.5) (427.1) (709.5)
Cash Flow-Financing Activities ($ Millions)
Financing Cash Flow Items (10.3) (33.6) (1.7) (7.6)
Other Financing Cash Flow (10.3) (33.6) (1.7) (7.6)
Total Cash Dividends Paid (41.1) (43.2) (34.4) (34.2)
Cash Dividends Paid - Common (41.1) (43.2) (34.4) (34.2)
Cash Dividends Paid - Preferred -- -- -- --
Issuance (Retirement) of Stock, Net 271.6 1.7 2.0 12.1
Sale/Issuance of Common 271.8 1.7 2.0 12.1
Repurchase/Retirement of Common (0.1) -- 0.0 0.0
Common Stock, Net 271.6 1.7 2.0 12.1
Preferred Stock, Net -- -- -- --
Issuance (Retirement) of Debt, Net (365.0) (18.3) (40.0) 298.5
Long Term Debt Issued 100.0 1,004.5 53.0 706.0
Long Term Debt Reduction (965.0) (1,022.8) (93.0) (407.5)
Long Term Debt, Net (365.0) (18.3) (40.0) 298.5
Cash from Financing Activities (144.7) (93.3) (74.0) 268.8
Foreign Exchange Effects -- -- -- --
Net Change in Cash (4.2) 4.8 13.6 (12.2)
Net Cash - Beginning Balance 50.5 45.6 32.0 44.2
Net Cash - Ending Balance 46.3 50.5 45.6 32.0
Cash Interest Paid 91.7 88.9 -- 78.1
Cash Taxes Paid 0.0 0.0 0.0 1.5
Reported Cash from Operating Activities -- -- -- --
Reported Cash from Investing Activities -- -- -- --
Reported Cash from Financing Activities -- -- -- --
2010 2009
31-Dec-2010 31-Dec-2009
671.9 (496.8)
197.0 221.4
197.0 221.4
-- --
0.0 (9.4)
(449.5) 731.6
(460.0) 840.2
(16.0) 0.1
26.5 (108.7)
(79.5) (13.3)
(136.4) 35.0
1.2 (2.3)
-- --
55.7 (46.0)
339.9 433.6
(519.2) (664.3)
(519.2) (664.3)
(193.6) 1,899.6
(522.8) (68.4)
1,044.8 2,074.4
-- 0.0
-- --
(143.7) (47.5)
(572.0) (58.9)
(712.9) 1,235.3
(32.7) 162.5
(32.7) 162.5
(29.8) (10.6)
(29.8) (10.6)
0.0 0.0
15.5 10.4
23.0 10.4
(7.5) 0.0
15.5 10.4
-- 0.0
395.7 (1,819.9)
2,811.4 247.8
(2,415.7) (2,067.7)
395.7 (1,819.9)
348.8 (1,657.6)
-- --
(24.2) 11.3
68.4 57.1
44.2 68.4
54.5 112.6
5.5 0.0
-- --
-- --
-- --
(179.3) (230.7)