Magnum Hunter Resources Corp (MHRC) Financial Statements (2024 and earlier)

Company Profile

Business Address 909 LAKE CAROLYN PARKWAY
IRVING, TX 75039
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)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments57,04443,97560,901
Cash and cash equivalents53,18041,71357,623
Short-term investments3,8642,2623,278
Restricted cash and investments   1,500
Receivables16,31955,681124,861
Inventory, net of allowances, customer advances and progress billings2,2687,1589,162
Inventory2,2687,1589,162
Derivative instruments and hedges, assets 16,5866085,146
Prepaid expense and other current assets2,249
Assets held-for-sale5,366500
Other undisclosed current assets27,9797,938 
Total current assets:120,196120,726204,319
Noncurrent Assets
Inventory, Noncurrent   3,500
Property, plant and equipment1,175,6581,514,0791,924,413
Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment 1,098,2351,224,6591,722,503
Long-term investments and receivables347,191  
Long-term investments347,191  
Intangible assets, net (including goodwill)  37,13239,583
Goodwill  30,60230,602
Intangible assets, net (excluding goodwill)  6,5308,981
Derivative instruments and hedges  25 
Deferred costs22,85620,00823,862
Other noncurrent assets3,9281,994
Prepaid expense and other noncurrent assets6,455
Assets held-for-sale, long lived162,687 
Other undisclosed noncurrent assets(1,098,235)(1,224,659)(1,726,003)
Total noncurrent assets:1,549,6331,735,9251,994,313
TOTAL ASSETS:1,669,8291,856,6512,198,632
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities150,779152,489207,727
Accounts payable130,502107,860196,515
Accrued liabilities20,27744,62911,212
Debt10,7703,9673,991
Derivative instruments and hedges, liabilities  1,903 
Asset retirement obligation295532,358
Other liabilities1,3566,49111,544
Due to related parties   
Other undisclosed current liabilities5,24518,96218,036
Total current liabilities:168,445183,865243,656
Noncurrent Liabilities
Long-term debt and lease obligation 937,963876,106886,769
Long-term debt, excluding current maturities 937,963876,106886,769
Liabilities, other than long-term debt31,56694,752155,677
Asset retirement obligations26,22916,16328,322
Deferred tax liabilities, net   74,258
Other liabilities5,3372,2795,573
Derivative instruments and hedges, liabilities  76,31047,524
Other undisclosed noncurrent liabilities 14,523 
Total noncurrent liabilities:969,529985,3811,042,446
Total liabilities:1,137,9741,169,2461,286,102
Temporary equity, carrying amount 100,000236,675200,878
Equity
Equity, attributable to parent, including:431,855441,580701,513
Common stock2,0141,7241,700
Treasury stock, value(1,914)(1,914)(1,914)
Additional paid in capital909,783733,753715,033
Accumulated other comprehensive loss(7,765)(19,901)(8,889)
Accumulated deficit(784,546)(586,365)(307,484)
Other undisclosed equity, attributable to parent 314,283314,283303,067
Equity, attributable to noncontrolling interest  9,15010,139
Other undisclosed equity   
Total equity:431,855450,730711,652
Other undisclosed liabilities and equity   
TOTAL LIABILITIES AND EQUITY:1,669,8291,856,6512,198,632

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues393,925235,757270,971
Revenue, net391,469280,411270,971
Financial services revenue 2,456(44,654) 
Cost of revenue
(Cost of Goods and Services Sold)
(148,307)(120,885)(69,424)
Gross profit:245,618114,872201,547
Operating expenses(881,827)(465,175)(406,016)
Other operating income, net
(Other Expenses)
 737,415  
Other undisclosed operating income (loss)(591,564)165,53969,424
Operating loss:(490,358)(184,764)(135,045)
Nonoperating income (expense)352,525(89,585)(27,331)
Investment income, nonoperating(72,098)(25,054)22,469
Interest and debt expense(86,463)(72,423)(51,846)
Loss from continuing operations before equity method investments, income taxes:(224,296)(346,772)(214,222)
Loss from equity method investments (1,038)(767)(1,333)
Other undisclosed income from continuing operations before income taxes87,50173,19053,179
Loss from continuing operations before income taxes:(137,833)(274,349)(162,376)
Income tax benefit  70,29723,016
Loss from continuing operations:(137,833)(204,052)(139,360)
Loss before gain (loss) on sale of properties:(133,272)(275,183)(139,130)
Income (loss) from discontinued operations 4,561(71,131)230
Other undisclosed net income (loss) (13,855)52,0192,409
Net loss:(147,127)(223,164)(136,721)
Net income attributable to noncontrolling interest 3,6539884,013
Net loss attributable to parent:(143,474)(222,176)(132,708)
Preferred stock dividends and other adjustments(54,707)(56,705)(34,706)
Other undisclosed net loss available to common stockholders, basic (51,692)  
Net loss available to common stockholders, diluted:(249,873)(278,881)(167,414)

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(147,127)(223,164)(136,721)
Other comprehensive income (loss)12,136(11,012) 
Other undisclosed comprehensive income   3,574
Comprehensive loss:(134,991)(234,176)(133,147)
Comprehensive loss, net of tax, attributable to noncontrolling interest (3,653)(988)(4,013)
Other undisclosed comprehensive income, net of tax, attributable to parent 7,3061,9768,026
Comprehensive loss, net of tax, attributable to parent:(131,338)(233,188)(129,134)

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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