CNX Resources Corporation (CNX) financial statements (2022 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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4039301615020
Cash and cash equivalents4039301615020
Restricted cash and investments 22011111
Receivables33926116815715081191
Inventory, net of allowances, customer advances and progress billings6567101010
Inventory6567101010
Prepaid expense16131212121211
Derivative instruments and hedges, assets9584108708578198
Total current assets:460584334277273332431
Noncurrent Assets
Operating lease, right-of-use asset56   109  
Property, plant and equipment6,9896,9607,0097,0207,0267,0637,084
Long-term investments and receivables    16  
Long-term investments    16  
Intangible assets, net (including goodwill)407   413  
Goodwill323   323  
Intangible assets, net (excluding goodwill)84   90  
Derivative instruments and hedges132   188  
Restricted cash and investments    5  
Other noncurrent assets5768472977211734805
Total noncurrent assets:7,6417,6447,7387,7927,7687,7977,889
TOTAL ASSETS:8,1018,2288,0728,0698,0428,1298,320
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities409331323294317316311
Accounts payable122107119115118117148
Accrued liabilities288224204180199164163
Employee-related liabilities     8 
Taxes payable     10 
Interest and dividends payable     17 
Deferred revenue     9 
Debt12322427293030
Derivative instruments and hedges, liabilities5221,169416844214584
Asset retirement obligation     5 
Other undisclosed current liabilities2335475353452
Total current liabilities:9551,767809458441508477
Noncurrent Liabilities
Long-term debt and lease obligation2,2492,2402,3032,3872,4562,6462,625
Long-term debt, excluding current maturities2,2142,2042,2662,3462,4012,5782,541
Finance lease, liability1111124
Operating lease, liability34353740536680
Liabilities, other than long-term debt1,1971,035823714722705652
Asset retirement obligations89818283856263
Deferred income tax liabilities32952411504466399370
Other liabilities92434344444040
Derivative instruments and hedges, liabilities68785928684127204178
Total noncurrent liabilities:3,4463,2743,1263,1013,1783,3513,276
Total liabilities:4,4005,0423,9353,5593,6193,8593,753
Stockholders' equity
Stockholders' equity attributable to parent3,7003,1874,1374,5104,4224,2703,746
Common stock2222222
Additional paid in capital2,8352,9002,9502,9602,9592,9902,262
Accumulated other comprehensive loss(15)(15)(15)(15)(15)(12)(12)
Retained earnings8782991,2001,5631,4761,2901,495
Stockholders' equity attributable to noncontrolling interest      821
Total stockholders' equity:3,7003,1874,1374,5104,4224,2704,567
TOTAL LIABILITIES AND EQUITY:8,1018,2288,0728,0698,0428,1298,320

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues1,291(880)(127)47362766149
Other operating income    (43)214
Cost of revenue(35)(47)(38)(38)(50)(37)(45)
Gross profit:1,256(928)(165)43557729103
Operating expenses(350)(305)(281)(300)(312)(280)(263)
Other operating expense, net
(Other Expenses)
(69)   (85)  
Operating income (loss):838(1,232)(446)135179(250)(159)
Nonoperating expense(35)(47)(38)(38)(50)(37)(45)
Other nonoperating expense(2)(3)(6)(4)(11)(2)(5)
Interest and debt expense(166)(19)(40)(36)(172)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:637(1,298)(524)61(43)(287)(205)
Income from equity method investments    0  
Income (loss) from continuing operations before income taxes:637(1,298)(524)61(43)(287)(205)
Income tax expense (benefit)(276)36092(37)(68)6129
Other undisclosed income (loss) from continuing operations(142)667874(103)3746
Income (loss) before gain (loss) on sale of properties:218(873)(354)98(214)(189)(130)
Other undisclosed net income412   410  
Net income (loss):630(873)(354)98196(189)(130)
Other undisclosed net loss attributable to parent     (16)(15)
Net income (loss) available to common stockholders, diluted:630(873)(354)98196(205)(146)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):630(873)(354)98196(189)(130)
Other comprehensive income (loss)0000(3)00
Comprehensive income (loss):631(873)(354)98193(189)(130)
Comprehensive loss, net of tax, attributable to noncontrolling interest     (16)(15)
Comprehensive income (loss), net of tax, attributable to parent:631(873)(354)98193(205)(146)

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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