Range Resources Corporation (RRC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
100 THROCKMORTON STE. 1200 FT 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 millions)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 212 | 0 | 214 | 0 | 1 | 1 | |||
| Cash and cash equivalents | 212 | 0 | 214 | 0 | 1 | 1 | |||
| Receivables | 275 | 481 | 472 | 253 | 273 | 491 | |||
| Inventory, net of allowances, customer advances and progress billings | 23 | ||||||||
| Inventory | 23 | ||||||||
| Prepaid expense | 18 | ||||||||
| Derivative instruments and hedges, assets | 341 | 1 | 6 | 23 | 137 | 88 | |||
| Other current assets | 16 | 18 | |||||||
| Other undisclosed current assets | 8 | 57 | 45 | 13 | |||||
| Total current assets: | 870 | 540 | 737 | 290 | 428 | 602 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 24 | 84 | 41 | 64 | 62 | ✕ | |||
| Property, plant and equipment | 2 | 2 | 3 | 4 | 5 | 10 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 6,118 | 5,890 | 5,755 | 5,687 | 6,041 | 9,023 | |||
| Derivative instruments and hedges | 102 | 41 | 39 | 17 | 1 | 5 | |||
| Regulated entity, other noncurrent assets | |||||||||
| Other noncurrent assets | 89 | 68 | 86 | 76 | 75 | 68 | |||
| Other undisclosed noncurrent assets | |||||||||
| Total noncurrent assets: | 6,334 | 6,086 | 5,924 | 5,847 | 6,185 | 9,106 | |||
| TOTAL ASSETS: | 7,204 | 6,626 | 6,661 | 6,137 | 6,612 | 9,708 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 412 | 650 | 675 | 535 | 551 | 745 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 76 | 55 | 39 | 42 | ||
| Accounts payable | 110 | 207 | 178 | 132 | 155 | 227 | |||
| Accrued liabilities | 302 | 443 | 421 | 348 | 356 | 476 | |||
| Debt | 45 | ||||||||
| Deferred compensation liability | 44 | 89 | |||||||
| Derivative instruments and hedges, liabilities | 0 | 151 | 163 | 27 | 13 | 4 | |||
| Asset retirement obligation | 2 | 5 | 5 | 7 | 2 | 5 | |||
| Other undisclosed current liabilities | 124 | 126 | 309 | 93 | |||||
| Total current liabilities: | 583 | 1,021 | 1,152 | 707 | 567 | 755 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,842 | 2,733 | 3,159 | 3,243 | |||||
| Long-term debt, excluding current maturities | 1,842 | 2,708 | 3,116 | 3,202 | |||||
| Liabilities, other than long-term debt | 765 | 575 | 353 | 300 | 314 | 738 | |||
| Deferred compensation liability, classified | 73 | 100 | 137 | 81 | 64 | 68 | |||
| Asset retirement obligations | 115 | 105 | 91 | 73 | 249 | ||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 667 | ||
| Deferred income tax liabilities | 561 | 334 | 118 | 135 | ✕ | ||||
| Operating lease, liability | 16 | 21 | 25 | 43 | 41 | ✕ | |||
| Derivative instruments and hedges, liabilities | 0 | 15 | 8 | 10 | 1 | 3 | |||
| Other undisclosed noncurrent liabilities | 2,090 | 312 | 336 | 334 | 142 | 4,156 | |||
| Total noncurrent liabilities: | 2,855 | 2,729 | 3,422 | 3,793 | 3,698 | 4,894 | |||
| Total liabilities: | 3,438 | 3,750 | 4,575 | 4,499 | 4,265 | 5,649 | |||
| Equity | |||||||||
| Equity, attributable to parent | 3,766 | 2,876 | 2,086 | 1,638 | 2,347 | 4,059 | |||
| Common stock | 3 | 3 | 3 | 3 | 3 | 2 | |||
| Treasury stock, value | (449) | (430) | (30) | (30) | (7) | (0) | |||
| Additional paid in capital | 5,880 | 5,765 | 5,720 | 5,684 | 5,660 | 5,628 | |||
| Accumulated other comprehensive income (loss) | 1 | 0 | (0) | (0) | (1) | (1) | |||
| Accumulated deficit | (1,669) | (2,462) | (3,607) | (4,019) | (3,307) | (1,570) | |||
| Total equity: | 3,766 | 2,876 | 2,086 | 1,638 | 2,347 | 4,059 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,204 | 6,626 | 6,661 | 6,137 | 6,612 | 9,708 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,374 | 4,147 | 2,930 | 1,969 | 2,828 | 3,283 | ||
| Cost of revenue | (1,937) | (2,440) | (2,307) | (1,979) | (2,456) | (2,627) | ||
| Cost of goods and services sold | (203) | (427) | (367) | (188) | (360) | (496) | ||
| Gross profit: | 1,437 | 1,707 | 624 | (10) | 372 | 656 | ||
| Operating expenses | (337) | (293) | (221) | (727) | (2,589) | (2,433) | ||
| Operating income (loss): | 1,100 | 1,414 | 402 | (737) | (2,217) | (1,777) | ||
| Nonoperating income (Investment Income, Nonoperating) | ||||||||
| Interest and debt expense | (124) | (235) | (227) | (179) | (189) | (210) | ||
| Income (loss) from continuing operations before income taxes: | 977 | 1,179 | 175 | (916) | (2,405) | (1,987) | ||
| Income tax expense (benefit) | (229) | (230) | 10 | 26 | 500 | 30 | ||
| Income (loss) from continuing operations: | 748 | 949 | 184 | (890) | (1,905) | (1,957) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 184 | (890) | (1,905) | (1,957) | |
| Net income (loss): | 748 | 949 | 184 | (890) | (1,905) | (1,957) | ||
| Other undisclosed net income attributable to parent | 124 | 235 | 227 | 179 | 189 | 210 | ||
| Net income (loss) attributable to parent: | 871 | 1,183 | 412 | (712) | (1,716) | (1,746) | ||
| Other undisclosed net loss available to common stockholders, basic | (15) | (29) | (11) | (0) | (0) | |||
| Net income (loss) available to common stockholders, basic: | 856 | 1,155 | 401 | (712) | (1,717) | (1,747) | ||
| Dilutive securities, effect on basic earnings per share | 0 | 1 | 0 | |||||
| Net income (loss) available to common stockholders, diluted: | 856 | 1,155 | 401 | (712) | (1,717) | (1,747) | ||
Comprehensive Income ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 748 | 949 | 184 | (890) | (1,905) | (1,957) | ||
| Other comprehensive income (loss) | 0 | 1 | 0 | 0 | (0) | 1 | ||
| Comprehensive income (loss): | 748 | 949 | 185 | (890) | (1,905) | (1,956) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 124 | 235 | 227 | 179 | 189 | 210 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 871 | 1,184 | 412 | (711) | (1,716) | (1,746) | ||
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.