Callon Petroleum Company Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

The Company had the following major customers that represented 10% or more of its total revenues for at least one of the periods presented:



	Years Ended December 31,
	2019	2018	2017
Rio Energy International, Inc.	26%	28%	17%
Enterprise Crude Oil, LLC	19%	14%	18%
Plains Marketing, L.P.	15%	21%	29%
Shell Trading Company	10%	*	*

* - Less than 10% for the applicable year.

The following table sets forth supplemental cash flow information for the periods indicated:



	Years Ended December 31,
	2019			2018			2017
	(In thousands)
Interest paid, net of capitalized amounts		$—			$—			$—
Income taxes paid ⁽¹⁾	—			—			—
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$3,414			$—			$—
Investing cash flows from operating leases	32,529			—			—
Non-cash investing and financing activities:
Change in accrued capital expenditures		($31,475	)		($52,757	)		($39,532	)
Change in asset retirement costs	13,559			8,730			(607		)
Contingent consideration arrangement	8,512			—			—
ROU assets obtained in exchange for lease liabilities:
Operating leases		$66,914			$—			$—
Financing leases	2,197			—			—


(1)	The Company did not pay any federal income tax for any of the years in the three year period ending December 31, 2019.