CJ 2017 Annual Report

Cash settlement of general unsecured and other reinstated claims $ (33,898) Payment of professional fees and success fees paid (21,657) Repayment of DIP Facility borrowing and accrued interest (25,538) Proceeds from the Rights Offering 200,000 Payment of deferred financing costs related to the New Credit Facility (2,248) Net impact to cash and cash equivalents $ 116,659 (b) Represents deferred loan costs associated with the closing of the New Credit Facility. (c) Represents the reorganization adjustment to accounts payable and accrued expenses (in thousands): Accounts payable: Pre-petition liabilities related to contract cures, 503(b)(9) claims and critical vendors $ 16,848 Accrued expenses: Settlement of professional fees $ (10,135) Reinstate liability for acquisition holdback 4,100 Settlement of accrued interest related to the DIP Facility (538) Other accrued expenses 588 Net impact to accrued expenses $ (5,985) (d) Represents the repayment of the DIP Facility. (e) Represents the settlement of liabilities subject to compromise in accordance with the Restructuring Plan (in thousands): Fair value of Successor common stock $ (705,479) Fair value of New Warrants issued per the Restructuring Plan (20,385) Fair value of reinstated accounts payable and accrued liabilities to be settled in cash (20,083) General unsecured creditor claims settled in cash (33,000) Gain on settlement of liabilities subject to compromise (666,399) Net impact to liabilities subject to compromise $ (1,445,346) (f) Represents the reorganization adjustments to common stock and additional paid in capital (in thousands): Common stock: Cancellation of Predecessor common shares $ (1,195) Issuance of Successor common stock 555 Net impact to common stock $ (640) Additional paid in capital: Fair value of Successor common stock $ 705,479 Fair value of New Warrants issued per the Restructuring Plan 20,385 Proceeds from the Rights Offering 200,000 Cancellation of Predecessor common shares 1,195 Issuance of Successor common stock (555) Net impact to additional paid in capital $ 926,504 C&J ENERGY SERVICES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 90