Quicksilver Resources Inc (KWK) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
801 CHERRY STREET FORT WORTH, TX 76102 |
| 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)
| 9/30/2015 MRQ | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 223,529 | 255,446 | 4,951 | |||
| Cash and cash equivalents | 223,529 | 89,103 | 4,951 | |||
| Short-term investments | 166,343 | |||||
| Receivables | 65,158 | 58,645 | 64,149 | |||
| Inventory, net of allowances, customer advances and progress billings | 8,269 | 18,334 | 21,454 | |||
| Inventory | 8,269 | 18,334 | 21,454 | |||
| Prepaid expense | 4,861 | 2,968 | ✕ | |||
| Derivative instruments and hedges, assets | 120,176 | 57,523 | 113,367 | |||
| Deposits current assets | 1,284 | 1,044 | 513 | |||
| Other current assets | 14,414 | 22,346 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 28,125 | ||
| Other undisclosed current assets | (14,414) | (22,346) | (25,046) | |||
| Total current assets: | 423,277 | 393,960 | 207,513 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 728,780 | 860,805 | 1,029,058 | |||
| Derivative instruments and hedges | 29,391 | 73,357 | 105,270 | |||
| Other noncurrent assets | 32,854 | 41,604 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | 39,947 | ||
| Total noncurrent assets: | 791,025 | 975,766 | 1,174,275 | |||
| TOTAL ASSETS: | 1,214,302 | 1,369,726 | 1,381,788 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 140,020 | 131,672 | 167,791 | |||
| Interest and dividends payable | 36,288 | |||||
| Accounts payable | 22,586 | 28,822 | 37,131 | |||
| Accrued liabilities | 81,146 | 102,850 | 130,660 | |||
| Debt | 2,037,305 | |||||
| Derivative instruments and hedges, liabilities | 3,125 | |||||
| Asset retirement obligation | 967 | 433 | 577 | |||
| Other undisclosed current liabilities | (37,255) | (433) | (577) | |||
| Total current liabilities: | 2,141,037 | 134,797 | 167,791 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 1,988,946 | 2,063,206 | ||||
| Long-term debt, excluding current maturities | 1,988,946 | 2,063,206 | ||||
| Liabilities, other than long-term debt | 119,180 | 125,821 | 152,676 | |||
| Asset retirement obligations | 104,049 | 106,256 | 115,949 | |||
| Other liabilities | 15,131 | 19,242 | 19,242 | |||
| Derivative instruments and hedges, liabilities | 323 | 17,485 | ||||
| Other undisclosed noncurrent liabilities | 91,956 | 126,132 | 130,912 | |||
| Total noncurrent liabilities: | 211,136 | 2,240,899 | 2,346,794 | |||
| Total liabilities: | 2,352,173 | 2,375,696 | 2,514,585 | |||
| Equity | ||||||
| Equity, attributable to parent | (1,137,871) | (1,005,970) | (1,132,797) | |||
| Common stock | 1,878 | 1,840 | 1,790 | |||
| Treasury stock, value | (53,810) | (51,422) | (49,495) | |||
| Additional paid in capital | 781,669 | 770,092 | 751,394 | |||
| Accumulated other comprehensive income | 71,853 | 109,881 | 161,493 | |||
| Accumulated deficit | (1,939,461) | (1,836,361) | (1,997,979) | |||
| Total equity: | (1,137,871) | (1,005,970) | (1,132,797) | |||
| TOTAL LIABILITIES AND EQUITY: | 1,214,302 | 1,369,726 | 1,381,788 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues | 569,428 | 561,562 | 709,038 | ||
| Revenue, net | 577,536 | 564,792 | 713,280 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (283,634) | (295,674) | (323,690) | ||
| Gross profit: | 285,794 | 265,888 | 385,348 | ||
| Operating expenses | (483,994) | (436,246) | (3,215,896) | ||
| Other undisclosed operating income | 283,634 | 635,002 | 364,787 | ||
| Operating income (loss): | 85,434 | 464,644 | (2,465,761) | ||
| Nonoperating income (expense) | (10,281) | (17,384) | 53,649 | ||
| Investment income, nonoperating | 52,541 | ||||
| Loss, foreign currency transaction, before tax | (3,700) | ||||
| Other nonoperating income (expense) | (6,581) | (17,384) | 1,108 | ||
| Interest and debt expense | (163,286) | (251,847) | (164,051) | ||
| Income (loss) from continuing operations before income taxes: | (88,133) | 195,413 | (2,576,163) | ||
| Income tax expense (benefit) | (3,600) | (14,550) | 295,570 | ||
| Income (loss) from continuing operations: | (91,733) | 180,863 | (2,280,593) | ||
| Income (loss) before gain (loss) on sale of properties: | (91,733) | 180,863 | (2,280,593) | ||
| Other undisclosed net loss | (11,367) | (19,245) | (72,013) | ||
| Net income (loss) available to common stockholders, basic: | (103,100) | 161,618 | (2,352,606) | ||
| Other undisclosed net loss available to common stockholders, diluted | (4,252) | ||||
| Net income (loss) available to common stockholders, diluted: | (103,100) | 157,366 | (2,352,606) | ||
Comprehensive Income ($ in thousands)
| 9/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net income (loss): | (103,100) | 161,618 | (2,352,606) | ||
| Comprehensive income (loss): | (103,100) | 161,618 | (2,352,606) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (38,028) | (51,612) | (53,365) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (141,128) | 110,006 | (2,405,971) | ||
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.