Cabot Oil & Gas Corporation (COG) financial statements (2020 and earlier)

Company profile

Business Address 840 GESSNER ROAD, SUITE 1400
HOUSTON, TX 77024
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 investments2002480499121
Cash and cash equivalents2002480499121
Receivables209362216191120239
Inventory, net of allowances, customer advances and progress billings14118131714
Inventory14118131714
Derivative instruments and hedges, assets05823 138
Disposal group, including discontinued operation  1   
Other current assets223332
Other undisclosed current assets1431095474 
Total current assets:568545765716145413
Noncurrent Assets
Property, plant and equipment3,8563,4643,0724,2504,9774,926
Oil and gas property, successful effort method     8,477
Long-term investments and receivables 1638613010468
Long-term investments 1638613010468
Disposal group, including discontinued operation, noncurrent assets  779   
Deferred costs     30
Other noncurrent assets632725273731
Other undisclosed noncurrent assets     (8,508)
Total noncurrent assets:3,9193,6543,9624,4075,1175,024
TOTAL ASSETS:4,4874,1994,7275,1235,2625,438
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities241287293218216517
Accounts payable190242238168160400
Accrued liabilities312527212564
Employee-related liabilities     23
Interest and dividends payable202028283031
Debt87 304 20 
Derivative instruments and hedges, liabilities  3140  
Asset retirement obligation     2
Disposal group, including discontinued operation  2   
Deferred tax liabilities    35
Other undisclosed current liabilities     (55)
Total current liabilities:328287630258236499
Noncurrent Liabilities
Long-term debt and lease obligation1,1331,2261,2181,5212,0051,752
Long-term debt, excluding current maturities1,1331,2261,2181,5212,0051,752
Liabilities, other than long-term debt8755973557771,0121,073
Deferred compensation liability, classified     29
Asset retirement obligations725144132144125
Deferred tax liabilities, net459227579807844
Deferred income tax liabilities702
Liability, pension and other postretirement and postemployment benefits332829363536
Disposal group, including discontinued operation, liabilities  16   
Other liabilities686040292640
Other undisclosed noncurrent liabilities     (29)
Total noncurrent liabilities:2,0081,8231,5732,2973,0172,796
Total liabilities:2,3362,1112,2032,5553,2533,295
Stockholders' equity
Stockholders' equity attributable to parent2,1512,0882,5242,5682,0092,143
Common stock484848484242
Treasury stock, value(1,823)(1,335)(431)(307)(307)(307)
Additional paid in capital1,7821,7631,7421,727722710
Accumulated other comprehensive income (loss)1421(0)(2)
Retained earnings2,1431,6081,1621,0991,5521,699
Total stockholders' equity:2,1512,0882,5242,5682,0092,143
TOTAL LIABILITIES AND EQUITY:4,4874,1994,7275,1235,2625,438

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,0662,1881,7641,1561,3572,173
Revenue, net1,7301,1811,2841,919
Cost of revenue
(Cost of Goods and Services Sold)
(77)(70)(102)(101)(141)(146)
Gross profit:1,9892,1191,6621,0551,2162,027
Operating expenses(1,190)(1,401)(1,803)(1,718)(1,458)(2,087)
Other undisclosed operating income (loss)15654(10)96151166
Operating income (loss):956772(151)(567)(90)106
Nonoperating income (expense)(1)(0)5  146
Investment income, nonoperating     146
Other nonoperating income (expense)(1)(0)5   
Interest and debt expense(4)(5)(5)(5)(4)(5)
Income (loss) from continuing operations before equity method investments, income taxes:951767(151)(571)(95)247
Income from equity method investments     3
Other undisclosed loss from continuing operations before income taxes(51)(69)(77)(88)(92)(218)
Income (loss) from continuing operations before income taxes:900698(228)(660)(187)32
Income tax expense (benefit)(219)(141)3292427372
Net income (loss) available to common stockholders, diluted:681557100(417)(114)104

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):681557100(417)(114)104
Other comprehensive income (loss)(3)21126
Comprehensive income (loss), net of tax, attributable to parent:678559101(416)(112)111

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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