CNX Resources Corporation (CNX) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments41616175096073
Cash and cash equivalents41616175096073
Restricted cash and investments 1     
Receivables339150210413237407336
Inventory, net of allowances, customer advances and progress billings610710116597
Inventory610710116597
Prepaid expense161217629593298
Derivative instruments and hedges, assets9585248    
Disposal group, including discontinued operation     0 
Total current assets:460273498502853626805
Noncurrent Assets
Operating lease, right-of-use asset56109187
Property, plant and equipment6,9897,0267,1376,9425,7908,1409,669
Oil and gas property, successful effort method     3,133 
Long-term investments and receivables 161719198191237
Long-term investments 161719198191237
Intangible assets, net (including goodwill)407413893900   
Goodwill323323796796   
Intangible assets, net (excluding goodwill)849097103   
Derivative instruments and hedges132188314    
Regulated entity, other noncurrent assets     28 
Restricted cash and investments 5     
Other noncurrent assets57111523092222218
Other undisclosed noncurrent assets     (3,157) 
Total noncurrent assets:7,6417,7688,5638,0906,0798,55810,125
TOTAL ASSETS:8,1018,0429,0618,5926,9329,18410,930
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities409317419516435922835
Accounts payable122118203230211242271
Accrued liabilities288199217286223680466
Employee-related liabilities      44
Taxes payable      15
Interest and dividends payable      38
Debt129777127
Derivative instruments and hedges, liabilities5224241    
Liability for uncertainty in income taxes      31
Accrued reclamation costs      3
Disposal group, including discontinued operation     6 
Other undisclosed current liabilities235362   805
Total current liabilities:9554415295234429401,681
Noncurrent Liabilities
Long-term debt and lease obligation2,2492,4562,8732,3922,2072,7622,748
Long-term debt, excluding current maturities2,2142,4012,7542,3782,1872,7232,713
Finance lease, liability118
Capital lease obligations13203935
Operating lease, liability3453110
Liabilities, other than long-term debt1,1977226972293831,2141,199
Accounts payable and accrued liabilities     6770
Asset retirement obligations89856337199223165
Deferred tax liabilities, net 44 75
Deferred income tax liabilities329466476
Liability, pension and other postretirement and postemployment benefits   3235772722
Other liabilities924442160105152167
Derivative instruments and hedges, liabilities687127115    
Other undisclosed noncurrent liabilities   367 327446
Total noncurrent liabilities:3,4463,1783,5702,9872,5904,3034,393
Total liabilities:4,4003,6194,0983,5103,0325,2436,074
Stockholders' equity
Stockholders' equity attributable to parent3,7004,4224,1614,3303,9003,7984,702
Common stock2222222
Additional paid in capital2,8352,9592,2002,2642,4502,4612,435
Accumulated other comprehensive loss(15)(15)(13)(8)(8)(393)(316)
Retained earnings8781,4761,9722,0721,4561,7282,580
Stockholders' equity attributable to noncontrolling interest  802752 142154
Total stockholders' equity:3,7004,4224,9625,0823,9003,9414,856
TOTAL LIABILITIES AND EQUITY:8,1018,0429,0618,5926,9329,18410,930

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues7571,2581,9221,7301,4552,0263,114
Cost of revenue(158)(163)(126) (1,357)(2,153)(3,282)
Cost of goods and services sold    (1,357)(2,153)(3,282)
Gross profit:5981,0951,7961,73098(126)(168)
Operating expenses(1,235)(1,698)(1,736)(1,227)(157)  
Other operating expense, net
(Other Expenses)
(69)(85)     
Operating income (loss):(705)(688)60503(59)(126)(168)
Nonoperating income (expense)(158)(163)(126)595 (140)(64)
Investment income, nonoperating     36 
Other nonoperating income (expense)(16)(24)(3)15 (177)(64)
Interest and debt expense(185)(161)(8)(54)(2)(191)(267)
Income (loss) from continuing operations before equity method investments, income taxes:(1,048)(1,012)(74)1,045(61)(458)(499)
Income (loss) from equity method investments (1)25505355
Income (loss) from continuing operations before income taxes:(1,048)(1,013)(72)1,050(11)(405)(444)
Income tax expense (benefit)138174(28)(216)176(10)134
Other undisclosed income (loss) from continuing operations  13249130(121) 
Income (loss) before gain (loss) on sale of properties:(911)(839)32883295(536)(310)
Other undisclosed net income (loss)412410  86(303)(55)
Net income (loss):(499)(429)32883381(839)(364)
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:(499)(484)(81)797381(848)(375)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(499)(429)32883381(839)(364)
Other comprehensive income (loss)1(3)(2)212(77)(164)
Other undisclosed comprehensive loss  (3)    
Comprehensive income (loss):(498)(431)27885393(916)(529)
Comprehensive loss, net of tax, attributable to noncontrolling interest (55)(113)(87) (9)(10)
Comprehensive income (loss), net of tax, attributable to parent:(498)(486)(85)798393(925)(539)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: