Comstock Resources, Inc. (CRK) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3130 236166
Cash and cash equivalents3130 236166
Receivables268140 1073922
Derivative instruments and hedges, assets59 151 
Assets held-for-sale, not part of disposal group    199 
Other current assets1515 1432
Other undisclosed current assets 6    
Total current assets:319200 15930390
Noncurrent Assets
Operating lease, right-of-use asset63 
Nontrade receivables   1019 
Property, plant and equipment4,0074,085 1,668608799
Intangible assets, net (including goodwill)336336 350  
Goodwill336336 350  
Derivative instruments and hedges 1    
Other noncurrent assets 0 011
Total noncurrent assets:4,3494,424 2,028628800
TOTAL ASSETS:4,6684,624 2,188930890
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities450392 20716886
Accounts payable315259 13912645
Accrued liabilities135133 684240
Derivative instruments and hedges, liabilities18247   6
Other undisclosed current liabilities22    
Total current liabilities:634442 20716892
Noncurrent Liabilities
Long-term debt and lease obligation2,6192,518 1,2441,1111,045
Long-term debt, excluding current maturities2,6152,517 1,2441,1111,045
Operating lease, liability41 
Liabilities, other than long-term debt227223 1672125
Asset retirement obligations2619 51016
Deferred tax liabilities, net162109
Deferred income tax liabilities197201 
Other liabilities00    
Derivative instruments and hedges, liabilities42    
Total noncurrent liabilities:2,8462,741 1,4111,1311,069
Total liabilities:3,4803,182 1,6181,3001,161
Stockholders' equity
Stockholders' equity attributable to parent, including:1,0131,267 570(369)(271)
Common stock116116 5387
Additional paid in capital1,1001,095 453547532
Retained earnings (accumulated deficit)(204)55 64(927)(816)
Other undisclosed stockholders' equity attributable to parent    46
Other undisclosed stockholders' equity175175    
Total stockholders' equity:1,1881,442 570(369)(271)
TOTAL LIABILITIES AND EQUITY:4,6684,624 2,188930890

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,851858  255176
Revenue, net255176
Cost of revenue
(Cost of Goods and Services Sold)
    (38)(16)
Gross profit:1,851858  217160
Operating expenses(950)(695)  (256)(359)
Other undisclosed operating income    3816
Operating income (loss):901163  (0)(184)
Nonoperating income (expense)(1,131)(225)  (129)56
Investment income, nonoperating(561)10    
Interest and debt expense(353)(1)  (146)189
Income (loss) from continuing operations before equity method investments, income taxes:(583)(62)  (276)61
Other undisclosed income (loss) from continuing operations before income taxes3531  146(189)
Loss from continuing operations before income taxes:(230)(62)  (129)(128)
Income tax expense (benefit)(11)9  18(7)
Net loss attributable to parent:(242)(52)  (111)(135)
Other undisclosed net loss available to common stockholders, basic(18)(31)    
Net loss available to common stockholders, diluted:(259)(83)  (111)(135)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(242)(52)  (111)(135)
Comprehensive loss, net of tax, attributable to parent:(242)(52)  (111)(135)

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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