CNX Resources Corporation (CNX) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1653324174355
Cash and cash equivalents1653324174355
Receivables210120250282413198177
Inventory, net of allowances, customer advances and progress billings781117101010
Inventory781117101010
Prepaid expense1721316643626556
Derivative instruments and hedges, assets248      
Disposal group, including discontinued operation      20
Total current assets:498346460365502315319
Noncurrent Assets
Operating lease, right-of-use asset187206225 
Property, plant and equipment7,1377,5317,3407,0946,9426,7696,772
Long-term investments and receivables17171818191922
Long-term investments17171818191922
Intangible assets, net (including goodwill)893895896898900901903
Goodwill796796796796796796796
Intangible assets, net (excluding goodwill)9798100102103105106
Derivative instruments and hedges314      
Regulated entity, other noncurrent assets   11   
Other noncurrent assets15293208159230204191
Other undisclosed noncurrent assets   233   
Total noncurrent assets:8,5638,9418,6878,4128,0907,8947,889
TOTAL ASSETS:9,0619,2869,1478,7778,5928,2098,208
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities419549550511516527414
Accounts payable203308305230230263186
Accrued liabilities217241245281286264228
Debt77273 777
Derivative instruments and hedges, liabilities41      
Disposal group, including discontinued operation      54
Other undisclosed current liabilities62  78   
Total current liabilities:529622623588523534475
Noncurrent Liabilities
Long-term debt and lease obligation2,8732,7722,7662,4302,3922,2002,348
Long-term debt, excluding current maturities2,7542,6402,6182,4302,3782,1842,331
Finance lease, liability8911 
Capital lease obligations131517
Operating lease, liability110123137 
Liabilities, other than long-term debt697671657233229123346
Asset retirement obligations6333333337168
Deferred tax liabilities, net  235
Deferred income tax liabilities476477428 
Liability, pension and other postretirement and postemployment benefits    32  
Other liabilities42161196200160107103
Derivative instruments and hedges, liabilities115      
Other undisclosed noncurrent liabilities   550367304 
Total noncurrent liabilities:3,5703,4433,4233,2142,9872,6262,694
Total liabilities:4,0984,0644,0473,8033,5103,1603,169
Stockholders' equity
Stockholders' equity attributable to parent4,1614,4354,3264,2164,3304,3114,309
Common stock2222222
Additional paid in capital2,2002,1982,2042,2502,2642,3112,373
Accumulated other comprehensive loss(13)(8)(8)(8)(8)(6)(6)
Retained earnings1,9722,2432,1281,9722,0722,0041,941
Stockholders' equity attributable to noncontrolling interest802787774759752738730
Total stockholders' equity:4,9625,2225,1004,9755,0825,0495,039
TOTAL LIABILITIES AND EQUITY:9,0619,2869,1478,7778,5928,2098,208

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues509530605278435397402
Cost of revenue(2)(39)(40)(46)  (59)
Gross profit:507491565233435397343
Operating expenses(797)(299)(332)(309)(315)(276)(313)
Operating income (loss):(290)193233(76)12112130
Nonoperating income (expense)(2)(39)(40)(46)(15)82(59)
Other nonoperating income (expense)(0)(3)0110(1)(1)
Interest and debt expense (38)(0)(8)0(15)(23)
Income (loss) from continuing operations before equity method investments, income taxes:(293)116194(130)106188(52)
Income from equity method investments0  15  
Income (loss) from continuing operations before income taxes:(292)116194(129)111188(52)
Income tax expense (benefit)50(49)(41)1224(57)31
Other undisclosed income (loss) from continuing operations2774053(6)1583
Net income (loss):(240)144193(65)12914761
Other undisclosed net loss attributable to parent(31)(28)(30)(23)(27)(22)(19)
Net income (loss) available to common stockholders, diluted:(271)116162(87)10212542

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(240)144193(65)12914761
Other comprehensive loss    (0)  
Other undisclosed comprehensive income (loss)(5)000 02
Comprehensive income (loss):(245)144193(65)12914763
Comprehensive loss, net of tax, attributable to noncontrolling interest(31)(28)(30)(23)(27)(22)(19)
Comprehensive income (loss), net of tax, attributable to parent:(276)116163(87)10212544

Statements sources

The financial statements are based on the company's filings with the 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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