Cimarex Energy Co (XEC) financial statements (2020 and earlier)

Company profile

Business Address 1700 LINCOLN STREET
DENVER, CO 80203-4537
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments95801401653779406
Cash and cash equivalents95801401653779406
Prepaid expense1189779
Other current assets242111
Other undisclosed current assets514612525308291515
Total current assets:6211,4249369691,078932
Noncurrent Assets
Property, plant and equipment519258211205230211
Oil and gas property, full cost method5,2113,7153,2422,3543,2766,904
Intangible assets, net (including goodwill)717620620620620620
Goodwill717620620620620620
Derivative instruments and hedges192 1 
Regulated entity, other noncurrent assets   1214 
Other noncurrent assets713532333859
Deferred tax assets, net   (353)(1,755)
Other undisclosed noncurrent assets   443381,755
Total noncurrent assets:6,5194,6384,1073,2684,1657,793
TOTAL ASSETS:7,1406,0625,0434,2385,2438,725
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities332345336270248366
Accounts payable3677694953102
Accrued liabilities252221212178173220
Employee-related liabilities434755442244
Deferred revenue208
Debt73  19  
Asset retirement obligation281411141013
Contract with customer, liability195
Other undisclosed current liabilities118154333219152397
Total current liabilities:759709680522410776
Noncurrent Liabilities
Long-term debt and lease obligation2,1691,4891,4871,4881,4861,500
Long-term debt, excluding current maturities1,9851,4891,4871,4881,4861,500
Operating lease, liability184
Liabilities, other than long-term debt5542012061845501,948
Asset retirement obligations154153158141154160
Deferred tax liabilities, net   3531,755
Deferred income tax liabilities338
Other liabilities614644414334
Derivative instruments and hedges, liabilities1243  
Other undisclosed noncurrent liabilities 334102   
Total noncurrent liabilities:2,7242,0241,7951,6722,0363,448
Total liabilities:3,4822,7322,4742,1952,4464,225
Temporary equity, carrying amount82     
Stockholders' equity
Stockholders' equity attributable to parent3,5763,3302,5682,0432,7984,501
Common stock111111
Additional paid in capital3,2432,7852,7642,7632,7631,997
Accumulated other comprehensive income 12101
Retained earnings (accumulated deficit)332543(199)(722)332,502
Total stockholders' equity:3,5763,3302,5682,0432,7984,501
TOTAL LIABILITIES AND EQUITY:7,1406,0625,0434,2385,2438,725

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,3632,3391,9181,2571,4532,424
Revenue, net1,4991,022428688
Cost of revenue(2,374)(1,204)(1,072)(1,748)(5,110)(1,519)
Gross profit:(11)1,135846(490)(3,657)905
Operating expenses(104)(88)(96)(82)(84)(91)
Other operating expense, net(19)(16)(1)(1)(1)(0)
Other undisclosed operating income19161110
Operating income (loss):(115)1,047751(572)(3,741)814
Nonoperating income62311111433
Other nonoperating income62311111429
Interest and debt expense(4) (28)   
Other undisclosed loss from continuing operations before equity method investments, income taxes(37)(47)(52)(62)(55)(41)
Income (loss) from continuing operations before income taxes:(151)1,023682(623)(3,782)806
Income tax expense (benefit)26(231)(188)2141,373(299)
Net income (loss) attributable to parent:(125)792494(409)(2,409)507
Preferred stock dividends and other adjustments(5)     
Undistributed earnings (loss) allocated to participating securities, basic  (9)
Other undisclosed net loss available to common stockholders, basic(2)(11)   (10)
Net income (loss) available to common stockholders, basic:(131)781486(409)(2,409)497
Dilutive securities, effect on basic earnings per share 0    
Other undisclosed net income available to common stockholders, diluted  0  0
Net income (loss) available to common stockholders, diluted:(131)781486(409)(2,409)497

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(125)792494(409)(2,409)507
Comprehensive income (loss):(125)792494(409)(2,409)507
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(1)11(1)(0)
Comprehensive income (loss), net of tax, attributable to parent:(125)790496(408)(2,410)507

Statements sources

The financial statements are based on the company's filings with the 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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