Comstock Resources, Inc. (CRK) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
5300 TOWN AND COUNTRY BLVD FRISCO, TX 75034 |
| State of Incorp. | NV |
| 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)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 19,835 | 9,919 | 33,677 | 54,652 | 38,648 | 32,272 | |||
| Cash and cash equivalents | 19,835 | 9,919 | 33,677 | 54,652 | 38,648 | 32,272 | |||
| Receivables | 214,804 | 193,917 | 243,543 | 510,127 | 606,580 | 463,506 | |||
| Derivative instruments and hedges, assets | 23,973 | 17,553 | 75,490 | 23,884 | 2,368 | 2,086 | |||
| Other current assets | 68,572 | 60,777 | 59,522 | 56,324 | 40,470 | 24,797 | |||
| Other undisclosed current assets | 10,592 | 20,758 | 8,150 | ||||||
| Total current assets: | 327,184 | 282,166 | 422,824 | 644,987 | 708,824 | 530,811 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 148,066 | 192,670 | 82,461 | 90,716 | 99,622 | 108,284 | |||
| Property, plant and equipment | 5,219,961 | 5,026,001 | 4,859,699 | 4,622,655 | 4,440,022 | 4,313,201 | |||
| Intangible assets, net (including goodwill) | 335,897 | 335,897 | 335,897 | 335,897 | 335,897 | 335,897 | |||
| Goodwill | 335,897 | 335,897 | 335,897 | 335,897 | 335,897 | 335,897 | |||
| Total noncurrent assets: | 5,703,924 | 5,554,568 | 5,278,057 | 5,049,268 | 4,875,541 | 4,757,382 | |||
| TOTAL ASSETS: | 6,031,108 | 5,836,734 | 5,700,881 | 5,694,255 | 5,584,365 | 5,288,193 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 607,230 | 684,372 | 589,280 | 713,306 | 850,568 | 698,896 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | ✕ | 19,861 | 54,377 | ||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | 56,388 | 28,431 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 6,529 | 7,573 | ||
| Accounts payable | 503,564 | 552,315 | 443,501 | 530,195 | 617,463 | 454,752 | |||
| Accrued liabilities | 103,666 | 132,057 | 145,779 | 183,111 | 150,327 | 153,763 | |||
| Derivative instruments and hedges, liabilities | 4,420 | 285,713 | 318,585 | ||||||
| Other undisclosed current liabilities | 52,731 | 77,690 | 39,031 | 38,411 | (44,754) | (52,820) | |||
| Total current liabilities: | 659,961 | 762,062 | 628,311 | 756,137 | 1,091,527 | 964,661 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,503,407 | 2,176,418 | 2,154,424 | 2,152,571 | 2,323,373 | 2,581,050 | |||
| Long-term debt, excluding current maturities | 2,503,407 | 2,176,418 | 2,154,424 | 2,152,571 | 2,261,697 | 2,510,253 | |||
| Liabilities, other than long-term debt | 584,983 | 598,068 | 537,971 | 507,233 | 375,049 | 296,203 | |||
| Asset retirement obligations | 30,434 | 29,964 | 29,553 | 29,114 | 29,235 | 28,433 | |||
| Deferred income tax liabilities | 454,612 | 451,004 | 464,914 | 425,734 | 345,806 | 267,746 | |||
| Other liabilities | 8 | 24 | |||||||
| Operating lease, liability | 95,397 | 115,048 | 43,504 | 52,385 | 61,676 | 70,797 | |||
| Derivative instruments and hedges, liabilities | 4,540 | 2,052 | |||||||
| Total noncurrent liabilities: | 3,088,390 | 2,774,486 | 2,692,395 | 2,659,804 | 2,698,422 | 2,877,253 | |||
| Total liabilities: | 3,748,351 | 3,536,548 | 3,320,706 | 3,415,941 | 3,789,949 | 3,841,914 | |||
| Temporary equity, carrying amount | 175,000 | 175,000 | |||||||
| Equity | |||||||||
| Equity, attributable to parent | 2,282,757 | 2,300,186 | 2,380,175 | 2,278,314 | 1,619,416 | 1,271,279 | |||
| Common stock | 139,214 | 139,246 | 138,755 | 138,759 | 116,879 | 116,579 | |||
| Additional paid in capital | 1,258,069 | 1,255,382 | 1,255,467 | 1,253,417 | 1,098,605 | 1,101,953 | |||
| Retained earnings | 885,474 | 905,558 | 985,953 | 886,138 | 403,932 | 52,747 | |||
| Equity, attributable to noncontrolling interest | |||||||||
| Total equity: | 2,282,757 | 2,300,186 | 2,380,175 | 2,278,314 | 1,619,416 | 1,271,279 | |||
| TOTAL LIABILITIES AND EQUITY: | 6,031,108 | 5,836,734 | 5,700,881 | 5,694,255 | 5,584,365 | 5,288,193 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 376,737 | 288,211 | 489,578 | 922,384 | 1,190,005 | 946,254 | ||
| Gross profit: | 376,737 | 288,211 | 489,578 | 922,384 | 1,190,005 | 946,254 | ||
| Operating expenses | (329,470) | (305,278) | (343,958) | (401,768) | (418,927) | (297,137) | ||
| Operating income (loss): | 47,267 | (17,067) | 145,620 | 520,616 | 771,078 | 649,117 | ||
| Nonoperating income (expense) | (28,939) | (43,085) | 28,599 | 80,654 | (312,672) | (163,804) | ||
| Investment income, nonoperating | 14,276 | (4,495) | 66,409 | (271,335) | (72,826) | |||
| Interest and debt expense | (43,624) | (39,188) | (38,270) | (41,393) | (46,840) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (25,296) | (99,340) | 135,949 | 601,270 | 417,013 | 438,473 | ||
| Other undisclosed income from continuing operations before income taxes | 43,624 | 39,188 | 38,270 | 41,393 | 46,840 | |||
| Income (loss) from continuing operations before income taxes: | 18,328 | (60,152) | 174,219 | 601,270 | 458,406 | 485,313 | ||
| Income tax expense (benefit) | (3,608) | 14,446 | (39,716) | (81,451) | (102,810) | (108,422) | ||
| Income (loss) from continuing operations: | 14,720 | (45,706) | 134,503 | 519,819 | 355,596 | 376,891 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 355,596 | 376,891 | |
| Net income (loss): | 14,720 | (45,706) | 134,503 | 519,819 | 355,596 | 376,891 | ||
| Other undisclosed net loss attributable to parent | ||||||||
| Net income (loss) attributable to parent: | 14,720 | (45,706) | 134,503 | 519,819 | 355,596 | 376,891 | ||
| Other undisclosed net income (loss) available to common stockholders, basic | (2,925) | (4,411) | (4,363) | |||||
| Net income (loss) available to common stockholders, basic: | 14,720 | (45,706) | 134,503 | 516,894 | 351,185 | 372,528 | ||
| Dilutive securities, effect on basic earnings per share | 4,411 | 4,363 | ||||||
| Other undisclosed net income (loss) available to common stockholders, diluted | (345) | 2,925 | ||||||
| Net income (loss) available to common stockholders, diluted: | 14,720 | (45,706) | 134,158 | 519,819 | 355,596 | 376,891 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 14,720 | (45,706) | 134,503 | 519,819 | 355,596 | 376,891 | ||
| Comprehensive income (loss): | 14,720 | (45,706) | 134,503 | 519,819 | 355,596 | 376,891 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 14,720 | (45,706) | 134,503 | 519,819 | 355,596 | 376,891 | ||
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.