Condensed Consolidating Financial Information (Tables)

3 Months Ended

Mar. 31, 2017

Condensed Consolidating Financial Information [Abstract]

Schedule Of Condensed Consolidating Balance Sheets

CARRIZO OIL & GAS, INC.

CONDENSED CONSOLIDATING BALANCE SHEETS

(In thousands)

(Unaudited)

	March 31, 2017
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Total current assets		$2,724,856			$66,199			$—		($2,717,829	)		$73,226
Total property and equipment, net	41,196			1,593,134			3,800		(3,926		)	1,634,204
Investment in subsidiaries	(1,223,475		)	—			—		1,223,475			—
Other assets	6,855			155			—		—			7,010
Total Assets		$1,549,432			$1,659,488			$3,800		($1,498,280	)		$1,714,440
Liabilities and Shareholders’ Equity
Current liabilities		$90,083			$2,854,994			$3,800		($2,720,849	)		$228,028
Long-term liabilities	1,372,638			27,969			—		15,878			1,416,485
Total shareholders’ equity	86,711			(1,223,475		)	—		1,206,691			69,927
Total Liabilities and Shareholders’ Equity		$1,549,432			$1,659,488			$3,800		($1,498,280	)		$1,714,440

	December 31, 2016
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Total current assets		$2,735,830			$63,513			$—		($2,726,355	)		$72,988
Total property and equipment, net	42,181			1,503,695			3,800		(3,916		)	1,545,760
Investment in subsidiaries	(1,282,292		)	—			—		1,282,292			—
Other assets	7,423			156			—		—			7,579
Total Assets		$1,503,142			$1,567,364			$3,800		($1,447,979	)		$1,626,327
Liabilities and Shareholders’ Equity
Current liabilities		$114,805			$2,822,729			$3,800		($2,729,375	)		$211,959
Long-term liabilities	1,348,105			26,927			—		15,878			1,390,910
Total shareholders’ equity	40,232			(1,282,292		)	—		1,265,518			23,458
Total Liabilities and Shareholders’ Equity		$1,503,142			$1,567,364			$3,800		($1,447,979	)		$1,626,327

Schedule Of Condensed Consolidating Statements Of Operations

CARRIZO OIL & GAS, INC.

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(In thousands)

(Unaudited)

	Three Months Ended March 31, 2017
	Parent Company			Combined Guarantor Subsidiaries		Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
Total revenues		$82			$151,273		$—		$—			$151,355
Total costs and expenses	18,868			92,456		—		10			111,334
Income (loss) before income taxes	(18,786		)	58,817		—		(10		)	40,021
Income tax expense	—			—		—		—			—
Equity in income of subsidiaries	58,817			—		—		(58,817		)	—
Net income		$40,031			$58,817		$—		($58,827	)		$40,021

	Three Months Ended March 31, 2016
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
Total revenues		$115			$81,147			$—		$—			$81,262
Total costs and expenses	29,912			362,248			—		376			392,536
Loss before income taxes	(29,797		)	(281,101		)	—		(376		)	(311,274		)
Income tax expense	—			—			—		(121		)	(121		)
Equity in loss of subsidiaries	(281,101		)	—			—		281,101			—
Net loss		($310,898	)		($281,101	)		$—		$280,604			($311,395	)

CARRIZO OIL & GAS, INC.

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(In thousands)

(Unaudited)

	Three Months Ended March 31, 2017
	Parent Company			Combined Guarantor Subsidiaries		Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
Total revenues		$82			$151,273		$—		$—			$151,355
Total costs and expenses	18,868			92,456		—		10			111,334
Income (loss) before income taxes	(18,786		)	58,817		—		(10		)	40,021
Income tax benefit	—			—		—		—			—
Equity in loss of subsidiaries	58,817			—		—		(58,817		)	—
Net income (loss)		$40,031			$58,817		$—		($58,827	)		$40,021

	Three Months Ended March 31, 2016
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
Total revenues		$115			$81,147			$—		$—			$81,262
Total costs and expenses	29,912			362,248			—		376			392,536
Loss before income taxes	(29,797		)	(281,101		)	—		(376		)	(311,274		)
Income tax expense	—			—			—		(121		)	(121		)
Equity in loss of subsidiaries	(281,101		)	—			—		281,101			—
Net loss		($310,898	)		($281,101	)		$—		$280,604			($311,395	)

Schedule Of Condensed Consolidating Statements Of Cash Flows

CARRIZO OIL & GAS, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

	Three Months Ended March 31, 2017
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net cash provided by (used in) operating activities		($47,297	)		$123,705			$—		$—			$76,408
Net cash provided by (used in) investing activities	9,879			(114,212		)	—		(9,493		)	(113,826		)
Net cash provided by (used in) financing activities	35,615			(9,493		)	—		9,493			35,615
Net decrease in cash and cash equivalents	(1,803		)	—			—		—			(1,803		)
Cash and cash equivalents, beginning of period	4,194			—			—		—			4,194
Cash and cash equivalents, end of period		$2,391			$—			$—		$—			$2,391

	Three Months Ended March 31, 2016
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities		($2,156	)		$56,024			$—			$—			$53,868
Net cash used in investing activities	(68,797		)	(122,849		)	(740		)	67,565			(124,821		)
Net cash provided by financing activities	30,193			66,825			740			(67,565		)	30,193
Net decrease in cash and cash equivalents	(40,760		)	—			—			—			(40,760		)
Cash and cash equivalents, beginning of period	42,918			—			—			—			42,918
Cash and cash equivalents, end of period		$2,158			$—			$—			$—			$2,158