W&T Offshore Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-146.3	-87.15	15.6	231.15	-41.48	37.79
Depreciation & Amortization	159.36	175.4	143.7	133.63	113.45	120.28
Other Amortization	3.72	4.56	6.98	7.55	6.56	6.83
Stock-Based Compensation	12.32	10.19	10.38	7.92	3.36	3.96
Other Operating Activities	63.13	-9.14	-45.21	42.73	45.34	-56.37
Change in Accounts Receivable	-13.06	-19.62	12.59	-15.48	-14.99	27.1
Change in Accounts Payable	9.58	26.43	7.97	-23.65	46.1	-41.35
Change in Income Taxes	-	-	-	-	-0.02	2.01
Change in Other Net Operating Assets	-41.76	-41.14	-36.68	-44.32	-24.65	8.25
Operating Cash Flow	46.99	59.54	115.33	339.53	133.67	108.51
Operating Cash Flow Growth	-52.79%	-48.37%	-66.03%	154.01%	23.19%	-53.27%
Capital Expenditures	-53.86	-118.18	-81.61	-95.08	-32.72	-21.08
Sale of Property, Plant & Equipment	11.92	-	-	-	0	-
Other Investing Activities	58.5	-	-	-	5.28	-26.54
Investing Cash Flow	17.49	-118.18	-81.61	-95.08	-27.44	-47.62
Long-Term Debt Issued	-	-	275	-	215	25
Long-Term Debt Repaid	-	-1.1	-586.93	-42.96	-104.14	-73.93
Net Debt Issued (Repaid)	-35.09	-1.1	-311.93	-42.96	110.86	-48.93
Issuance of Common Stock	-	-	-	16.46	-	-
Common Dividends Paid	-5.98	-5.9	-1.47	-	-	-
Other Financing Activities	-28.02	-1.56	-8.34	-2.39	-10.59	-0.67
Financing Cash Flow	-69.09	-8.56	-321.74	-28.89	100.27	-49.6
Net Cash Flow	-4.61	-67.2	-288.02	215.56	206.49	11.29
Free Cash Flow	-6.87	-58.64	33.72	244.45	100.95	87.43
Free Cash Flow Growth	-	-	-86.21%	142.16%	15.46%	-
Free Cash Flow Margin	-1.37%	-11.16%	6.33%	26.54%	18.09%	25.22%
Free Cash Flow Per Share	-0.05	-0.40	0.23	1.69	0.71	0.61
Cash Interest Paid	40.57	40.57	42.13	71.13	64.81	59.18
Cash Income Tax Paid	-	-2.02	2.39	8.2	0.15	-1.85
Levered Free Cash Flow	50.73	33.75	63.41	226.13	280.83	60.14
Unlevered Free Cash Flow	70.58	54.47	84.36	261.98	318.05	91.72
Change in Working Capital	-45.24	-34.33	-16.12	-83.45	6.44	-3.99

Source: S&P Global Market Intelligence. Standard template. Financial Sources.