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Supplemental Disclosures to the Balance Sheets and Statements of Cash Flows (Tables)

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Other Current Assets

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

Schedule of Accounts Payable and Accrued Expenses

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

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

X

- Definition

Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.17)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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- Definition

Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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