CNX Resources Corporation (CNX) Financial Statements (2024 and earlier)

Company Profile

Business Address CNX CENTER
CANONSBURG, PA 15317
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,3213,56515,61716,28317,198509,167
Cash and cash equivalents21,3213,56515,61716,28317,198509,167
Restricted cash and investments   735   
Receivables354,642339,118150,255209,584412,982237,248
Inventory, net of allowances, customer advances and progress billings27,1566,1479,6576,9849,71510,742
Inventory27,1566,1479,6576,9849,71510,742
Prepaid expense16,21115,97512,41117,45661,79195,347
Derivative instruments and hedges, assets154,47495,00284,657247,794  
Total current assets:573,804459,807273,332498,101501,686852,504
Noncurrent Assets
Operating lease, right-of-use asset 174,84956,022108,683187,097
Property, plant and equipment7,096,5096,989,4837,025,5457,136,5756,942,4445,789,753
Long-term investments and receivables   16,02216,71018,663197,921
Long-term investments   16,02216,71018,663197,921
Intangible assets, net (including goodwill) 400,304406,857413,409893,006899,559 
Goodwill 323,314323,314323,314796,359796,359 
Intangible assets, net (excluding goodwill) 76,99083,54390,09596,647103,200 
Derivative instruments and hedges 244,931131,994188,237314,096  
Restricted cash and investments   5,247   
Other noncurrent assets25,37656,58811,28915,221229,81891,735
Total noncurrent assets:7,941,9697,640,9447,768,4328,562,7058,090,4846,079,409
TOTAL ASSETS:8,515,7738,100,7518,041,7649,060,8068,592,1706,931,913
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities481,834409,483316,958419,134515,978434,568
Accounts payable191,343121,751118,185202,553229,806211,161
Accrued liabilities290,491287,732198,773216,581286,172223,407
Debt88155529,4507,1646,9977,111
Derivative instruments and hedges, liabilities782,653521,59842,32940,971  
Other undisclosed current liabilities47,43622,94052,57561,670  
Total current liabilities:1,312,804954,576441,312528,939522,975441,679
Noncurrent Liabilities
Long-term debt and lease obligation2,207,7052,249,0112,455,7192,872,6152,391,5042,207,373
Long-term debt, excluding current maturities2,205,7352,214,1212,401,4272,754,4432,378,2052,187,026
Capital lease obligations13,29920,347
Finance lease, liability1,9701,2181,0577,706
Liabilities, other than long-term debt2,044,8031,196,891722,296696,943229,257382,962
Asset retirement obligations89,07988,85984,71263,37737,479198,768
Deferred tax liabilities, net 44,373
Deferred income tax liabilities232,280328,601466,253476,108
Liability, pension and other postretirement and postemployment benefits     31,99134,748
Other liabilities74,31892,07744,04142,320159,787105,073
Operating lease, liability132,10533,67253,235110,466
Derivative instruments and hedges, liabilities1,517,021687,354127,290115,138  
Other undisclosed noncurrent liabilities     366,691 
Total noncurrent liabilities:4,252,5083,445,9023,178,0153,569,5582,987,4522,590,335
Total liabilities:5,565,3124,400,4783,619,3274,098,4973,510,4273,032,014
Equity
Equity, attributable to parent2,950,4613,700,2734,422,4374,160,5464,329,9583,899,899
Common stock1,7122,0392,2081,8701,9902,241
Additional paid in capital2,506,2692,834,8632,959,3572,199,6052,264,0632,450,323
Accumulated other comprehensive loss(6,513)(14,523)(15,184)(12,605)(7,904)(8,476)
Retained earnings448,993877,8941,476,0561,971,6762,071,8091,455,811
Equity, attributable to noncontrolling interest    801,763751,785 
Total equity:2,950,4613,700,2734,422,4374,962,3095,081,7433,899,899
TOTAL LIABILITIES AND EQUITY:8,515,7738,100,7518,041,7649,060,8068,592,1706,931,913

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,261,211756,7921,257,9781,922,4491,730,4341,455,131
Cost of revenue(151,517)(158,431)(163,065)(126,292) (1,357,216)
Cost of goods and services sold      (1,357,216)
Gross profit:1,109,694598,3611,094,9131,796,1571,730,43497,915
Operating expenses(1,321,641)(1,234,874)(1,697,744)(1,736,473)(1,226,963)(156,739)
Other operating expense, net
(Other Expenses)
  (68,655)(85,472)   
Operating income (loss):(211,947)(705,168)(688,303)59,684503,471(58,824)
Nonoperating income (expense)(151,517)(158,431)(163,065)(126,292)595,197 
Other nonoperating income (expense)(9,859)(15,748)(23,584)(2,862)14,571 
Interest and debt expense(22,953)(184,893)(160,705)(7,614)(54,118)(2,129)
Income (loss) from continuing operations before equity method investments, income taxes:(386,417)(1,048,492)(1,012,073)(74,222)1,044,550(60,953)
Income (loss) from equity method investments   (688)2,1035,36349,830
Income (loss) from continuing operations before income taxes:(386,417)(1,048,492)(1,012,761)(72,119)1,049,913(11,123)
Income tax expense (benefit)69,870137,870174,087(27,736)(215,557)176,458
Other undisclosed income from continuing operations    131,80348,755129,704
Income (loss) from continuing operations:(316,547)(910,622)(838,674)31,948883,111295,039
Income (loss) before gain (loss) on sale of properties:(910,622)(838,674)31,948883,111295,039
Other undisclosed net income174,470411,979409,930  85,708
Net income (loss):(142,077)(498,643)(428,744)31,948883,111380,747
Other undisclosed net income (loss) attributable to parent  (55,031)(112,678)(86,578) 
Net income (loss) available to common stockholders, basic:(142,077)(498,643)(483,775)(80,730)796,533380,747
Interest on convertible debt      
Net income (loss) available to common stockholders, diluted:(142,077)(498,643)(483,775)(80,730)796,533380,747

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(142,077)(498,643)(428,744)31,948883,111380,747
Other comprehensive income (loss)8,010661(2,579)(1,664)1,67212,228
Other undisclosed comprehensive loss    (3,037)  
Comprehensive income (loss):(134,067)(497,982)(431,323)27,247884,783392,975
Comprehensive loss, net of tax, attributable to noncontrolling interest   (55,031)(112,678)(86,578) 
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(134,067)(497,982)(486,354)(85,431)798,205392,975

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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