Magnum Hunter Resources Corp (MHRC) Financial Statements (2025 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 investments | 57,044 | 43,975 | 60,901 | |||
| Cash and cash equivalent | 53,180 | 41,713 | 57,623 | |||
| Short-term investments | 3,864 | 2,262 | 3,278 | |||
| Restricted cash and investments | 1,500 | |||||
| Receivables | 16,319 | 55,681 | 124,861 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,268 | 7,158 | 9,162 | |||
| Inventory | 2,268 | 7,158 | 9,162 | |||
| Derivative instruments and hedges, assets | 16,586 | 608 | 5,146 | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 2,249 | ||
| Assets held-for-sale | ✕ | ✕ | 5,366 | 500 | ||
| Other undisclosed current assets | 27,979 | 7,938 | ||||
| Total current assets: | 120,196 | 120,726 | 204,319 | |||
| Noncurrent Assets | ||||||
| Inventory, Noncurrent | 3,500 | |||||
| Property, plant and equipment | 1,175,658 | 1,514,079 | 1,924,413 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 1,098,235 | 1,224,659 | 1,722,503 | |||
| Long-term investments and receivables | 347,191 | |||||
| Long-term investments | 347,191 | |||||
| Intangible assets, net (including goodwill) | 37,132 | 39,583 | ||||
| Goodwill | 30,602 | 30,602 | ||||
| Intangible assets, net (excluding goodwill) | 6,530 | 8,981 | ||||
| Derivative instruments and hedges | 25 | |||||
| Deferred costs | 22,856 | 20,008 | 23,862 | |||
| Other noncurrent assets | 3,928 | 1,994 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | 6,455 | ||
| Assets held-for-sale, long lived | ✕ | ✕ | 162,687 | |||
| Other undisclosed noncurrent assets | (1,098,235) | (1,224,659) | (1,726,003) | |||
| Total noncurrent assets: | 1,549,633 | 1,735,925 | 1,994,313 | |||
| TOTAL ASSETS: | 1,669,829 | 1,856,651 | 2,198,632 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 150,779 | 152,489 | 207,727 | |||
| Accounts payable | 130,502 | 107,860 | 196,515 | |||
| Accrued liabilities | 20,277 | 44,629 | 11,212 | |||
| Debt | 10,770 | 3,967 | 3,991 | |||
| Derivative instruments and hedges, liabilities | 1,903 | |||||
| Asset retirement obligation | 295 | 53 | 2,358 | |||
| Other liabilities | 1,356 | 6,491 | 11,544 | |||
| Due to related parties | ||||||
| Other undisclosed current liabilities | 5,245 | 18,962 | 18,036 | |||
| Total current liabilities: | 168,445 | 183,865 | 243,656 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 937,963 | 876,106 | 886,769 | |||
| Long-term debt, excluding current maturities | 937,963 | 876,106 | 886,769 | |||
| Liabilities, other than long-term debt | 31,566 | 94,752 | 155,677 | |||
| Asset retirement obligations | 26,229 | 16,163 | 28,322 | |||
| Deferred tax liabilities, net | 74,258 | |||||
| Other liabilities | 5,337 | 2,279 | 5,573 | |||
| Derivative instruments and hedges, liabilities | 76,310 | 47,524 | ||||
| Other undisclosed noncurrent liabilities | 14,523 | |||||
| Total noncurrent liabilities: | 969,529 | 985,381 | 1,042,446 | |||
| Total liabilities: | 1,137,974 | 1,169,246 | 1,286,102 | |||
| Temporary equity, including noncontrolling interest | 100,000 | 236,675 | 200,878 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 431,855 | 441,580 | 701,513 | |||
| Common stock | 2,014 | 1,724 | 1,700 | |||
| Treasury stock, value | (1,914) | (1,914) | (1,914) | |||
| Additional paid in capital | 909,783 | 733,753 | 715,033 | |||
| Accumulated other comprehensive loss | (7,765) | (19,901) | (8,889) | |||
| Accumulated deficit | (784,546) | (586,365) | (307,484) | |||
| Other undisclosed equity, attributable to parent | 314,283 | 314,283 | 303,067 | |||
| Equity, attributable to noncontrolling interest | 9,150 | 10,139 | ||||
| Other undisclosed equity | ||||||
| Total equity: | 431,855 | 450,730 | 711,652 | |||
| Other undisclosed liabilities and equity | ||||||
| TOTAL LIABILITIES AND EQUITY: | 1,669,829 | 1,856,651 | 2,198,632 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues | 393,925 | 235,757 | 270,971 | ||
| Revenue, net | 391,469 | 280,411 | 270,971 | ||
| Financial services revenue | 2,456 | (44,654) | |||
| Cost of revenue (Cost of Product and Service Sold) | (148,307) | (120,885) | (69,424) | ||
| Gross profit: | 245,618 | 114,872 | 201,547 | ||
| Operating expenses | (881,827) | (465,175) | (406,016) | ||
| Other operating income, net (Other Expenses) | 737,415 | ||||
| Other undisclosed operating income (loss) | (591,564) | 165,539 | 69,424 | ||
| 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 taxes | 87,501 | 73,190 | 53,179 | ||
| Loss from continuing operations before income taxes: | (137,833) | (274,349) | (162,376) | ||
| Income tax benefit | 70,297 | 23,016 | |||
| 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) | 52,019 | 2,409 | ||
| Net loss: | (147,127) | (223,164) | (136,721) | ||
| Net income attributable to noncontrolling interest | 3,653 | 988 | 4,013 | ||
| 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 | 7,306 | 1,976 | 8,026 | ||
| 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.