Comstock Resources, Inc. (CRK) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments30 236166134
Cash and cash equivalents30 236166134
Receivables140 107392219
Derivative instruments and hedges, assets9 151 1
Assets held-for-sale, not part of disposal group   199  
Other current assets15 14322
Other undisclosed current assets6     
Total current assets:200 15930390156
Noncurrent Assets
Operating lease, right-of-use asset3 
Nontrade receivables  1019  
Property, plant and equipment4,085 1,6686087991,038
Intangible assets, net (including goodwill)336 350   
Goodwill336 350   
Derivative instruments and hedges1     
Other noncurrent assets0 0111
Deferred tax assets, net   (5)
Other undisclosed noncurrent assets     5
Total noncurrent assets:4,424 2,0286288001,040
TOTAL ASSETS:4,624 2,1889308901,196
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities392 2071688696
Accounts payable259 1391264557
Accrued liabilities133 68424038
Derivative instruments and hedges, liabilities47   6 
Other undisclosed current liabilities2     
Total current liabilities:442 2071689296
Noncurrent Liabilities
Long-term debt and lease obligation2,518 1,2441,1111,0451,249
Long-term debt, excluding current maturities2,517 1,2441,1111,0451,249
Operating lease, liability1 
Liabilities, other than long-term debt223 167212522
Asset retirement obligations19 5101620
Deferred tax liabilities, net1621092
Deferred income tax liabilities201 
Other liabilities0     
Derivative instruments and hedges, liabilities2     
Total noncurrent liabilities:2,741 1,4111,1311,0691,271
Total liabilities:3,182 1,6181,3001,1611,367
Stockholders' equity
Stockholders' equity attributable to parent, including:1,267 570(369)(271)(171)
Common stock116 538724
Additional paid in capital1,095 453547532486
Retained earnings (accumulated deficit)55 64(927)(816)(681)
Other undisclosed stockholders' equity attributable to parent   46 
Other undisclosed stockholders' equity175     
Total stockholders' equity:1,442 570(369)(271)(171)
TOTAL LIABILITIES AND EQUITY:4,624 2,1889308901,196

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues858  255176252
Revenue, net255176252
Cost of revenue
(Cost of Goods and Services Sold)
   (38)(16)(65)
Gross profit:858  217160188
Operating expenses(695)  (256)(359)(1,418)
Other undisclosed operating income   381665
Operating income (loss):163  (0)(184)(1,166)
Nonoperating income (expense)(225)  (129)56(36)
Interest and debt expense(1)  (146)18982
Income (loss) from continuing operations before equity method investments, income taxes:(62)  (276)61(1,119)
Other undisclosed income (loss) from continuing operations before income taxes1  146(189)(82)
Loss from continuing operations before income taxes:(62)  (129)(128)(1,202)
Income tax expense (benefit)9  18(7)154
Net loss attributable to parent:(52)  (111)(135)(1,047)
Other undisclosed net loss available to common stockholders, basic(31)     
Net loss available to common stockholders, diluted:(83)  (111)(135)(1,047)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(52)  (111)(135)(1,047)
Comprehensive loss, net of tax, attributable to parent:(52)  (111)(135)(1,047)

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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