Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - KEY ENERGY SERVICES INC | d255499dex991.htm |
| 8-K - FORM 8-K - KEY ENERGY SERVICES INC | d255499d8k.htm |
Exhibit 99.2
Key Energy Services, Inc.
Cash Collateral Budget
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | ||||||||||||||||||||||||||||||||||||||||||||
| WE | WE | WE | WE | WE | WE | WE | WE | WE | WE | WE | WE | WE | 13-Week | |||||||||||||||||||||||||||||||||||||||||||
| ($ in 000s) | 10-30 | 11-6 | 11-13 | 11-20 | 11-27 | 12-4 | 12-11 | 12-18 | 12-25 | 1-1 | 1-8 | 1-15 | 1-22 | Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
| Beginning Book Cash |
$ | 29,813 | $ | 34,460 | $ | 37,638 | $ | 33,208 | $ | 31,095 | $ | 23,370 | $ | 24,671 | $ | 21,114 | $ | 80,000 | $ | 75,239 | $ | 77,880 | $ | 73,250 | $ | 76,271 | $ | 29,813 | ||||||||||||||||||||||||||||
| Collections and Other Receipts |
8,256 | 7,790 | 8,108 | 8,093 | 8,080 | 8,069 | 7,763 | 7,746 | 7,907 | 9,974 | 7,652 | 7,121 | 7,219 | 103,778 | ||||||||||||||||||||||||||||||||||||||||||
| New Money Investment and Incremental Liquidity1 |
— | — | — | — | — | — | — | 67,305 | — | — | — | — | — | 67,305 | ||||||||||||||||||||||||||||||||||||||||||
| Operating Cash Disbursements |
(3,359 | ) | (2,340 | ) | (11,788 | ) | (9,207 | ) | (13,035 | ) | (5,193 | ) | (11,320 | ) | (4,095 | ) | (12,669 | ) | (6,708 | ) | (10,796 | ) | (4,100 | ) | (11,957 | ) | (106,567 | ) | ||||||||||||||||||||||||||||
| Operating Cash Flow |
4,897 | 5,450 | (3,680 | ) | (1,114 | ) | (4,955 | ) | 2,875 | (3,557 | ) | 70,955 | (4,761 | ) | 3,266 | (3,143 | ) | 3,021 | (4,738 | ) | 64,516 | |||||||||||||||||||||||||||||||||||
| Debt Service |
— | (1,643 | ) | — | — | (2,769 | ) | — | — | (1,876 | ) | — | (625 | ) | (1,486 | ) | — | — | (8,400 | ) | ||||||||||||||||||||||||||||||||||||
| Restructuring Disbursements |
(250 | ) | (628 | ) | (750 | ) | (1,000 | ) | — | (1,575 | ) | — | (10,193 | ) | — | — | — | — | — | (14,396 | ) | |||||||||||||||||||||||||||||||||||
| Net Operating Cash Flow (After Restructuring) |
$ | 4,647 | $ | 3,179 | $ | (4,430 | ) | $ | (2,114 | ) | $ | (7,724 | ) | $ | 1,300 | $ | (3,557 | ) | $ | 58,886 | $ | (4,761 | ) | $ | 2,641 | $ | (4,630 | ) | $ | 3,021 | $ | (4,738 | ) | $ | 41,720 | |||||||||||||||||||||
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| Ending Book Cash2 |
$ | 34,460 | $ | 37,638 | $ | 33,208 | $ | 31,095 | $ | 23,370 | $ | 24,671 | $ | 21,114 | $ | 80,000 | $ | 75,239 | $ | 77,880 | $ | 73,250 | $ | 76,271 | $ | 71,533 | $ | 71,533 | ||||||||||||||||||||||||||||
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| 1. | New Money Investment is net of the term loan pay down at emergence; incremental liquidity of $21.1 million will be required to maintain $80 million of cash at emergence |
| 2. | Consists of domestic, unrestricted cash; does not reflect international cash balances or ABL availability |