CNX Resources Corporation (CNX) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16175096073177327
Cash and cash equivalents16175096073177327
Receivables210413237407336260358
Inventory, net of allowances, customer advances and progress billings710116597102158
Inventory710116597102158
Prepaid expense17629593298194136
Derivative instruments and hedges, assets248      
Disposal group, including discontinued operation   0   
Income taxes receivable2011
Other undisclosed current assets     414455
Total current assets:4985028536268051,1661,446
Noncurrent Assets
Operating lease, right-of-use asset187
Property, plant and equipment7,1376,9425,7908,1409,66910,1629,442
Oil and gas property, successful effort method   3,133   
Long-term investments and receivables1719198191237153292
Long-term investments1719198191237153292
Accounts and financing receivable, after allowance for credit loss      0
Intangible assets, net (including goodwill)893900    
Goodwill796796     
Intangible assets, net (excluding goodwill)97103     
Derivative instruments and hedges314      
Regulated entity, other noncurrent assets   28   
Other noncurrent assets1523092222218278214
Other undisclosed noncurrent assets   (3,157)   
Total noncurrent assets:8,5638,0906,0798,55810,12510,5939,948
TOTAL ASSETS:9,0618,5926,9329,18410,93011,76011,394
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities419516435922835550541
Accounts payable203230211242271532515
Accrued liabilities217286223680466  
Employee-related liabilities    44  
Taxes payable    151826
Interest and dividends payable    38  
Debt7771271311
Derivative instruments and hedges, liabilities41      
Liability for uncertainty in income taxes    313729
Accrued reclamation costs    3910
Disposal group, including discontinued operation   6  28
Other undisclosed current liabilities62   805538501
Total current liabilities:5295234429401,6811,1481,120
Noncurrent Liabilities
Long-term debt and lease obligation2,8732,3922,2072,7622,7483,2763,164
Long-term debt, excluding current maturities2,7542,3782,1872,7232,7133,2363,116
Finance lease, liability8
Capital lease obligations132039353948
Operating lease, liability110
Liabilities, other than long-term debt6972293831,2141,1991,4731,559
Pension and other postretirement defined benefit plans, liabilities8141,009
Accounts payable and accrued liabilities   6770  
Asset retirement obligations6337199223165175176
Deferred tax liabilities, net 44 75326243
Deferred income tax liabilities476
Liability, pension and other postretirement and postemployment benefits 3235772722 
Other liabilities42160105152167158131
Derivative instruments and hedges, liabilities115      
Other undisclosed noncurrent liabilities 367 327446533545
Total noncurrent liabilities:3,5702,9872,5904,3034,3935,2825,267
Total liabilities:4,0983,5103,0325,2436,0746,4306,387
Stockholders' equity
Stockholders' equity attributable to parent4,1614,3303,9003,7984,7025,3295,006
Common stock2222222
Additional paid in capital2,2002,2642,4502,4612,4352,4242,365
Accumulated other comprehensive loss(13)(8)(8)(393)(316)(151)(325)
Retained earnings1,9722,0721,4561,7282,5803,0542,965
Stockholders' equity attributable to noncontrolling interest802752 142154  
Total stockholders' equity:4,9625,0823,9003,9414,8565,3295,006
TOTAL LIABILITIES AND EQUITY:9,0618,5926,9329,18410,93011,76011,394

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,9221,7301,4552,0263,1143,7273,300
Revenue, net   4,7483,074
Cost of revenue(126) (1,357)(2,153)(3,282)(3,350)(3,113)
Cost of goods and services sold  (1,357)(2,153)(3,282)(3,350)(93)
Gross profit:1,7961,73098(126)(168)377187
Operating expenses(1,736)(1,227)(157)  (1,350)(141)
Other operating income, net
(Other Expenses)
     86 
Operating income (loss):60503(59)(126)(168)(887)46
Nonoperating income (expense)(126)595 (140)(64)6632
Investment income, nonoperating   36 45 
Other nonoperating income (expense)(3)15 (177)(64)2132
Interest and debt expense(8)(54)(2)(191)(267)(319)(219)
Income (loss) from continuing operations before equity method investments, income taxes:(74)1,045(61)(458)(499)(1,140)(141)
Income from equity method investments255053555033
Income (loss) from continuing operations before income taxes:(72)1,050(11)(405)(444)(1,090)(108)
Income tax expense (benefit)(28)(216)176(10)134(14)33
Other undisclosed income (loss) from continuing operations13249130(121)  154
Income (loss) from continuing operations:32883295(536)(310)(1,104)79
Income (loss) from discontinued operations     (1)580
Income (loss) before gain (loss) on sale of properties:32883295(536)(310)(1,106)659
Other undisclosed net income (loss)  86(303)(55)1,269 
Net income (loss):32883381(839)(364)163659
Net income (loss) attributable to noncontrolling interest   (9)(10) 1
Other undisclosed net loss attributable to parent(113)(87)     
Net income (loss) available to common stockholders, diluted:(81)797381(848)(375)163660

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):32883381(839)(364)163659
Other comprehensive income (loss)(2)212(77)(164)174422
Other undisclosed comprehensive loss(3)      
Comprehensive income (loss):27885393(916)(529)3371,081
Comprehensive loss, net of tax, attributable to noncontrolling interest(113)(87) (9)(10) (1)
Other undisclosed comprehensive income, net of tax, attributable to parent      3
Comprehensive income (loss), net of tax, attributable to parent:(85)798393(925)(539)3371,083

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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