CNX Resources Corporation (CNX) financial statements (2021 and earlier)

Company profile

Business Address CNX CENTER
CANONSBURG, PA 15317
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)

12/31/2020
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 investments1616175096073177
Cash and cash equivalents1616175096073177
Restricted cash and investments1      
Receivables150210413237407336260
Inventory, net of allowances, customer advances and progress billings10710116597102
Inventory10710116597102
Prepaid expense1217629593298194
Derivative instruments and hedges, assets85248     
Disposal group, including discontinued operation    0  
Income taxes receivable20
Other undisclosed current assets      414
Total current assets:2734985028536268051,166
Noncurrent Assets
Operating lease, right-of-use asset109187
Property, plant and equipment7,0267,1376,9425,7908,1409,66910,162
Oil and gas property, successful effort method    3,133  
Long-term investments and receivables161719198191237153
Long-term investments161719198191237153
Intangible assets, net (including goodwill)413893900    
Goodwill323796796    
Intangible assets, net (excluding goodwill)9097103    
Derivative instruments and hedges188314     
Regulated entity, other noncurrent assets    28  
Restricted cash and investments5      
Other noncurrent assets111523092222218278
Other undisclosed noncurrent assets    (3,157)  
Total noncurrent assets:7,7688,5638,0906,0798,55810,12510,593
TOTAL ASSETS:8,0429,0618,5926,9329,18410,93011,760
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities317419516435922835550
Accounts payable118203230211242271532
Accrued liabilities199217286223680466 
Employee-related liabilities     44 
Taxes payable     1518
Interest and dividends payable     38 
Debt2977712713
Derivative instruments and hedges, liabilities4241     
Liability for uncertainty in income taxes     3137
Accrued reclamation costs     39
Disposal group, including discontinued operation    6  
Other undisclosed current liabilities5362   805538
Total current liabilities:4415295234429401,6811,148
Noncurrent Liabilities
Long-term debt and lease obligation2,4562,8732,3922,2072,7622,7483,276
Long-term debt, excluding current maturities2,4012,7542,3782,1872,7232,7133,236
Finance lease, liability18
Capital lease obligations1320393539
Operating lease, liability53110
Liabilities, other than long-term debt7226972293831,2141,1991,473
Pension and other postretirement defined benefit plans, liabilities814
Accounts payable and accrued liabilities    6770 
Asset retirement obligations856337199223165175
Deferred tax liabilities, net 44 75326
Deferred income tax liabilities466476
Liability, pension and other postretirement and postemployment benefits  3235772722 
Other liabilities4442160105152167158
Derivative instruments and hedges, liabilities127115     
Other undisclosed noncurrent liabilities  367 327446533
Total noncurrent liabilities:3,1783,5702,9872,5904,3034,3935,282
Total liabilities:3,6194,0983,5103,0325,2436,0746,430
Stockholders' equity
Stockholders' equity attributable to parent4,4224,1614,3303,9003,7984,7025,329
Common stock2222222
Additional paid in capital2,9592,2002,2642,4502,4612,4352,424
Accumulated other comprehensive loss(15)(13)(8)(8)(393)(316)(151)
Retained earnings1,4761,9722,0721,4561,7282,5803,054
Stockholders' equity attributable to noncontrolling interest 802752 142154 
Total stockholders' equity:4,4224,9625,0823,9003,9414,8565,329
TOTAL LIABILITIES AND EQUITY:8,0429,0618,5926,9329,18410,93011,760

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,2581,9221,7301,4552,0263,1143,727
Revenue, net   4,748
Cost of revenue(163)(126) (1,357)(2,153)(3,282)(3,350)
Cost of goods and services sold   (1,357)(2,153)(3,282)(3,350)
Gross profit:1,0951,7961,73098(126)(168)377
Operating expenses(1,698)(1,736)(1,227)(157)  (1,350)
Other operating income (expense), net
(Other Expenses)
(85)     86
Operating income (loss):(688)60503(59)(126)(168)(887)
Nonoperating income (expense)(163)(126)595 (140)(64)66
Investment income, nonoperating    36 45
Other nonoperating income (expense)(24)(3)15 (177)(64)21
Interest and debt expense(161)(8)(54)(2)(191)(267)(319)
Income (loss) from continuing operations before equity method investments, income taxes:(1,012)(74)1,045(61)(458)(499)(1,140)
Income (loss) from equity method investments(1)2550535550
Income (loss) from continuing operations before income taxes:(1,013)(72)1,050(11)(405)(444)(1,090)
Income tax expense (benefit)174(28)(216)176(10)134(14)
Other undisclosed income (loss) from continuing operations 13249130(121)  
Income (loss) from continuing operations:(839)32883295(536)(310)(1,104)
Loss from discontinued operations      (1)
Income (loss) before gain (loss) on sale of properties:(839)32883295(536)(310)(1,106)
Other undisclosed net income (loss)410  86(303)(55)1,269
Net income (loss):(429)32883381(839)(364)163
Net loss attributable to noncontrolling interest    (9)(10) 
Other undisclosed net loss attributable to parent(55)(113)(87)    
Net income (loss) available to common stockholders, diluted:(484)(81)797381(848)(375)163

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(429)32883381(839)(364)163
Other comprehensive income (loss)(3)(2)212(77)(164)174
Other undisclosed comprehensive loss (3)     
Comprehensive income (loss):(431)27885393(916)(529)337
Comprehensive loss, net of tax, attributable to noncontrolling interest(55)(113)(87) (9)(10) 
Comprehensive income (loss), net of tax, attributable to parent:(486)(85)798393(925)(539)337

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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