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 investments | 4 | 16 | 16 | 17 | 509 | 60 | 73 | ||
| Cash and cash equivalents | 4 | 16 | 16 | 17 | 509 | 60 | 73 | ||
| Restricted cash and investments | 1 | ||||||||
| Receivables | 339 | 150 | 210 | 413 | 237 | 407 | 336 | ||
| Inventory, net of allowances, customer advances and progress billings | 6 | 10 | 7 | 10 | 11 | 65 | 97 | ||
| Inventory | 6 | 10 | 7 | 10 | 11 | 65 | 97 | ||
| Prepaid expense | 16 | 12 | 17 | 62 | 95 | 93 | 298 | ||
| Derivative instruments and hedges, assets | 95 | 85 | 248 | ||||||
| Disposal group, including discontinued operation | 0 | ||||||||
| Total current assets: | 460 | 273 | 498 | 502 | 853 | 626 | 805 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 56 | 109 | 187 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 6,989 | 7,026 | 7,137 | 6,942 | 5,790 | 8,140 | 9,669 | ||
| Oil and gas property, successful effort method | 3,133 | ||||||||
| Long-term investments and receivables | 16 | 17 | 19 | 198 | 191 | 237 | |||
| Long-term investments | 16 | 17 | 19 | 198 | 191 | 237 | |||
| Intangible assets, net (including goodwill) | 407 | 413 | 893 | 900 | |||||
| Goodwill | 323 | 323 | 796 | 796 | |||||
| Intangible assets, net (excluding goodwill) | 84 | 90 | 97 | 103 | |||||
| Derivative instruments and hedges | 132 | 188 | 314 | ||||||
| Regulated entity, other noncurrent assets | 28 | ||||||||
| Restricted cash and investments | 5 | ||||||||
| Other noncurrent assets | 57 | 11 | 15 | 230 | 92 | 222 | 218 | ||
| Other undisclosed noncurrent assets | (3,157) | ||||||||
| Total noncurrent assets: | 7,641 | 7,768 | 8,563 | 8,090 | 6,079 | 8,558 | 10,125 | ||
| TOTAL ASSETS: | 8,101 | 8,042 | 9,061 | 8,592 | 6,932 | 9,184 | 10,930 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 409 | 317 | 419 | 516 | 435 | 922 | 835 | ||
| Accounts payable | 122 | 118 | 203 | 230 | 211 | 242 | 271 | ||
| Accrued liabilities | 288 | 199 | 217 | 286 | 223 | 680 | 466 | ||
| Employee-related liabilities | 44 | ||||||||
| Taxes payable | 15 | ||||||||
| Interest and dividends payable | 38 | ||||||||
| Debt | 1 | 29 | 7 | 7 | 7 | 12 | 7 | ||
| Derivative instruments and hedges, liabilities | 522 | 42 | 41 | ||||||
| Liability for uncertainty in income taxes | 31 | ||||||||
| Accrued reclamation costs | 3 | ||||||||
| Disposal group, including discontinued operation | 6 | ||||||||
| Other undisclosed current liabilities | 23 | 53 | 62 | 805 | |||||
| Total current liabilities: | 955 | 441 | 529 | 523 | 442 | 940 | 1,681 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,249 | 2,456 | 2,873 | 2,392 | 2,207 | 2,762 | 2,748 | ||
| Long-term debt, excluding current maturities | 2,214 | 2,401 | 2,754 | 2,378 | 2,187 | 2,723 | 2,713 | ||
| Finance lease, liability | 1 | 1 | 8 | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | ✕ | 13 | 20 | 39 | 35 | ||
| Operating lease, liability | 34 | 53 | 110 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 1,197 | 722 | 697 | 229 | 383 | 1,214 | 1,199 | ||
| Accounts payable and accrued liabilities | 67 | 70 | |||||||
| Asset retirement obligations | 89 | 85 | 63 | 37 | 199 | 223 | 165 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 44 | 75 | ||||
| Deferred income tax liabilities | 329 | 466 | 476 | ✕ | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 32 | 35 | 772 | 722 | |||||
| Other liabilities | 92 | 44 | 42 | 160 | 105 | 152 | 167 | ||
| Derivative instruments and hedges, liabilities | 687 | 127 | 115 | ||||||
| Other undisclosed noncurrent liabilities | 367 | 327 | 446 | ||||||
| Total noncurrent liabilities: | 3,446 | 3,178 | 3,570 | 2,987 | 2,590 | 4,303 | 4,393 | ||
| Total liabilities: | 4,400 | 3,619 | 4,098 | 3,510 | 3,032 | 5,243 | 6,074 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 3,700 | 4,422 | 4,161 | 4,330 | 3,900 | 3,798 | 4,702 | ||
| Common stock | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||
| Additional paid in capital | 2,835 | 2,959 | 2,200 | 2,264 | 2,450 | 2,461 | 2,435 | ||
| Accumulated other comprehensive loss | (15) | (15) | (13) | (8) | (8) | (393) | (316) | ||
| Retained earnings | 878 | 1,476 | 1,972 | 2,072 | 1,456 | 1,728 | 2,580 | ||
| Stockholders' equity attributable to noncontrolling interest | 802 | 752 | 142 | 154 | |||||
| Total stockholders' equity: | 3,700 | 4,422 | 4,962 | 5,082 | 3,900 | 3,941 | 4,856 | ||
| TOTAL LIABILITIES AND EQUITY: | 8,101 | 8,042 | 9,061 | 8,592 | 6,932 | 9,184 | 10,930 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 757 | 1,258 | 1,922 | 1,730 | 1,455 | 2,026 | 3,114 | |
| 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: | 598 | 1,095 | 1,796 | 1,730 | 98 | (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) | 60 | 503 | (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) | 2 | 5 | 50 | 53 | 55 | ||
| Income (loss) from continuing operations before income taxes: | (1,048) | (1,013) | (72) | 1,050 | (11) | (405) | (444) | |
| Income tax expense (benefit) | 138 | 174 | (28) | (216) | 176 | (10) | 134 | |
| Other undisclosed income (loss) from continuing operations | 132 | 49 | 130 | (121) | ||||
| Income (loss) before gain (loss) on sale of properties: | (911) | (839) | 32 | 883 | 295 | (536) | (310) | |
| Other undisclosed net income (loss) | 412 | 410 | 86 | (303) | (55) | |||
| Net income (loss): | (499) | (429) | 32 | 883 | 381 | (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) | 797 | 381 | (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) | 32 | 883 | 381 | (839) | (364) | |
| Other comprehensive income (loss) | 1 | (3) | (2) | 2 | 12 | (77) | (164) | |
| Other undisclosed comprehensive loss | (3) | |||||||
| Comprehensive income (loss): | (498) | (431) | 27 | 885 | 393 | (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) | 798 | 393 | (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.