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Supplemental Disclosures to the Balance Sheets and Statements of Cash Flows | 12 Months Ended
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Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supplemental Disclosures to the Balance Sheets and Statements of Cash Flows | Supplemental Disclosures to the Balance Sheets and Statements of Cash Flows Other current assets reported on the balance sheets included the following:
| Berry Corp. (Successor)
| December 31, 2019 |  | December 31, 2018
| (in thousands)
Prepaid expenses | $ | 4,577 |  |  | $ | 4,656 |
Materials and supplies | 10,544 |  |  | 5,461 |
Oil inventories | 3,432 |  |  | 3,786 |
Other | 846 |  |  | 464 |
Other current assets | $ | 19,399 |  |  | $ | 14,367 |
Other non-current assets at December 31, 2019 and December 31, 2018 included approximately $11 million and $16 million of deferred financing costs, net of amortization, respectively. Accounts payable and accrued expenses on the balance sheets included the following:
| Berry Corp. (Successor)
| December 31, 2019 |  | December 31, 2018
| (in thousands)
Accounts payable-trade | $ | 25,475 |  |  | $ | 13,564 |
Accrued expenses | 45,589 |  |  | 66,417 |
Royalties payable | 25,385 |  |  | 26,189 |
Taxes other than income tax liability | 9,150 |  |  | 10,766 |
Accrued interest | 10,500 |  |  | 10,500 |
Dividends payable | 9,888 |  |  | 9,992 |
Asset retirement obligation - current portion | 25,208 |  |  | 6,372 |
Other | 616 |  |  | 318 |
Total accounts payable and accrued expenses | $ | 151,811 |  |  | $ | 144,118 |
Other non-current liabilities at December 31, 2019 and December 31, 2018 included approximately $33 million and $15 million of greenhouse gas liability, respectively. Supplemental Information on the Statement of Operations Other operating (income) expenses mainly consist of excess abandonment costs, as well as gain (loss) on sale of assets. Supplemental Cash Flow Information Supplemental disclosures to the statements of cash flows are presented below:
| Berry Corp. (Successor) |  |  | Berry LLC (Predecessor)
| Year Ended December 31, 2019 |  | Year Ended December 31, 2018 |  | Ten Months Ended December 31, 2017 |  |  | Two Months Ended February 28, 2017
| (in thousands)
Supplemental Disclosures of Significant Non-Cash Investing Activities: |  |  |  |  |  |  |  |
Material inventory transfers to oil and natural gas properties | $ | 10,056 |  |  | $ | 2,371 |  |  | $ | — |  |  |  | $ | — |
Supplemental Disclosures of Cash Payments (Receipts): |  |  |  |  |  |  |  |
Interest, net of amounts capitalized | $ | 30,720 |  |  | $ | 19,761 |  |  | $ | 14,276 |  |  |  | $ | 8,057 |
Income taxes | $ | (2 | ) |  | $ | (1,901 | ) |  | $ | 1,994 |  |  |  | $ | — |
Reorganization items, net | $ | — |  |  | $ | 832 |  |  | $ | 1,732 |  |  |  | $ | 11,838 |
The following table provides a reconciliation of cash, cash equivalents and restricted cash as reported in the consolidated statements of cash flows to the line items within the consolidated balance sheets:
| Berry Corp. (Successor) |  |  | Berry LLC (Predecessor)
| Year Ended December 31, 2019 |  | Year Ended December 31, 2018 |  | Ten Months Ended December 31, 2017 |  |  | Two Months Ended February 28, 2017
| (in thousands)
Beginning of Period |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 68,680 |  |  | $ | 33,905 |  |  | $ | 32,049 |  |  |  | $ | 30,483 |
Restricted cash | — |  |  | 34,833 |  |  | 52,860 |  |  |  | 197,793 |
Restricted cash in other noncurrent assets | — |  |  | — |  |  | 125 |  |  |  | 128 |
Cash, cash equivalents and restricted cash | $ | 68,680 |  |  | $ | 68,738 |  |  | $ | 85,034 |  |  |  | $ | 228,404 |
Ending of Period |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 68,680 |  |  | $ | 33,905 |  |  |  | $ | 32,049 |
Restricted cash | — |  |  | — |  |  | 34,833 |  |  |  | 52,860 |
Restricted cash in other noncurrent assets | — |  |  | — |  |  | — |  |  |  | 125 |
Cash, cash equivalents and restricted cash | $ | — |  |  | $ | 68,680 |  |  | $ | 68,738 |  |  |  | $ | 85,034 |
Restricted cash is associated with cash reserved to settle claims with general unsecured creditors. Cash and cash equivalents consists primarily of highly liquid investments with original maturities of three months or less and are stated at cost, which approximates fair value. As part of our cash management system, we use a controlled disbursement account to fund cash distribution checks presented for payment by the holder. Checks issued but not yet presented to banks may result in overdraft balances for accounting purposes in the accounts payable and accrued expenses account.

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