Investor Presentaiton
Cash Return on Capital Invested
($ in thousands)
Cash Return on Capital Invested (CROCI) Reconciliation
The following table presents our calculation of CROCI and Total CROCI and a reconciliation of such measures to the corresponding GAAP
financial measures.
Interest expense
Tax benefit imputed (based on a 0% tax rate)
After-tax interest expense
Net cash provided by operating activities (GAAP)
After-tax interest expense
Adjusted net cash provided by operating activities (Non-GAAP)
Cash inflows from midstream transactions
Total adjusted net cash provided by operating activities (Non-GAAP)
Oil and natural gas properties, full-cost method
Evaluated
Unproved and unevaluated
Midstream properties and other property and equipment
Gross property, plant and equipment
Average gross property, plant and equipment(1)
Goodwill
Average goodwill(1)
Total current assets
Less: Total current liabilities
Total working capital
Average working capital(1)
CROCI = [(a){(c) + (d) + (e)}]
Total CROCI = [(b) / {(c) + (d) + (e)}]
(1) Average for the current and immediately preceding year.
$
SE
2019
For the Years Ended December 31,
2018
2017
2016
73,873
41,327
34,565
28,199
73,873
41,327
34,565
28,199
$
552,042
608,523
299,125
$
134,086
73,873
41,327
34,565
28,199
625,915
649,850
333,690
$
162,285
14,700
14,700
171,500
640,615
$
664,550
505,190
162,285
4,557,265
3,780,236
1,126,992
1,199,511
3,004,770
637,396
$
2,408,305
479,736
670,924
450,066
281,096
160,795
$
6,355,181
$
5,429,813
$
3,923,262
$ 3,048,836
$
5,892,497
$
4,676,538
$
3,486,049
$
2,822,451
SA
SASA
$
278,492
EA
(399,772)
305,685
(330,022)
257,170
$
(282,606)
279,182
(169,505)
E E
$
(121,280)
$ (24,337)
$
(25,436)
$
109,677
$
(72,809)
S
(24,887)
çš„
42,121
11%
14%
9%
11%
14%
14%
Matador 59
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