Comstock Resources, Inc. (CRK) financial statements (2020 and earlier)

Company profile

Business Address 5300 TOWN AND COUNTRY BLVD
FRISCO, TX 75034
State of Incorp. NV
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)

9/30/2019
TTM
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 investments5323616613423
Cash and cash equivalents5323616613423
Receivables1261073922194936
Derivative instruments and hedges, assets62151 1 1
Assets held-for-sale, not part of disposal group  199  
Deferred tax assets     (0)
Other current assets1314322102
Other undisclosed current assets14     16
Total current assets:268159303901566157
Noncurrent Assets
Operating lease, right-of-use asset4
Nontrade receivables51019   
Property, plant and equipment3,9171,6686087991,0382,1982,067
Oil and gas property, successful effort method     4,484 
Intangible assets, net (including goodwill)336350    
Goodwill336350     
Derivative instruments and hedges22      
Other noncurrent assets001111516
Deferred tax assets, net   (5)(155)(177)
Other undisclosed noncurrent assets    5(4,329)177
Total noncurrent assets:4,2842,0286288001,0402,2132,082
TOTAL ASSETS:4,5522,1889308901,1962,2742,139
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3872071688696171195
Accounts payable2321391264557117102
Accrued liabilities156684240384591
Taxes payable      1
Interest and dividends payable     9 
Debt2      
Derivative instruments and hedges, liabilities   6   
Deferred tax liabilities     0
Other undisclosed current liabilities     (9) 
Total current liabilities:3892071689296162195
Noncurrent Liabilities
Long-term debt and lease obligation2,5101,2441,1111,0451,2491,070799
Long-term debt, excluding current maturities2,5081,2441,1111,0451,2491,070799
Operating lease, liability2
Liabilities, other than long-term debt19167212522171194
Asset retirement obligations1151016201515
Deferred tax liabilities, net1621092155177
Other liabilities8    22
Other undisclosed noncurrent liabilities188      
Total noncurrent liabilities:2,7181,4111,1311,0691,2711,242992
Total liabilities:3,1071,6181,3001,1611,3671,4041,187
Stockholders' equity
Stockholders' equity attributable to parent, including:1,070570(369)(271)(171)870952
Common stock935387242324
Additional paid in capital880453547532486480481
Retained earnings (accumulated deficit)9864(927)(816)(681)366447
Other undisclosed stockholders' equity attributable to parent  46   
Other undisclosed stockholders' equity375      
Total stockholders' equity:1,445570(369)(271)(171)870952
TOTAL LIABILITIES AND EQUITY:4,5522,1889308901,1962,2742,139

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues479 255176252555420
Revenue, net2551762521,110841
Cost of revenue
(Cost of Goods and Services Sold)
  (38)(16)(65)(73)(70)
Gross profit:479 217160188482350
Operating expenses(306) (256)(359)(1,418)(587)(493)
Other undisclosed operating income  3816657370
Operating income (loss):173 (0)(184)(1,166)(32)(72)
Nonoperating income (expense)(116) (129)56(36)(50)(91)
Investment income, nonoperating32     230
Interest and debt expense(107) (146)18982(59)(91)
Other undisclosed income from continuing operations before equity method investments, income taxes     5991
Income (loss) from continuing operations before equity method investments, income taxes:(50) (276)61(1,119)(82)(163)
Other undisclosed income (loss) from continuing operations before income taxes107 146(189)(82)  
Income (loss) from continuing operations before income taxes:57 (129)(128)(1,202)(82)(163)
Income tax expense (benefit)(15) 18(7)1542556
Income (loss) from continuing operations:42 (111)(135)(1,047)(57)(107)
Income from discontinued operations      148
Net income (loss) attributable to parent:42 (111)(135)(1,047)(57)41
Preferred stock dividends and other adjustments(8)      
Net income (loss) available to common stockholders, diluted:34 (111)(135)(1,047)(57)41

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):42 (111)(135)(1,047)(57)41
Other comprehensive loss      (4)
Comprehensive income (loss), net of tax, attributable to parent:42 (111)(135)(1,047)(57)37

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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