Quicksilver Resources Inc (KWK) financial statements (2021 and earlier)

Company profile

Business Address 801 CHERRY STREET
FORT WORTH, TX 76102
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)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2242555
Cash and cash equivalents224895
Short-term investments 166 
Receivables655964
Inventory, net of allowances, customer advances and progress billings81821
Inventory81821
Prepaid expense53
Derivative instruments and hedges, assets12058113
Deposits current assets111
Prepaid expense and other current assets28
Other current assets1422
Other undisclosed current assets(14)(22)(25)
Total current assets:423394208
Noncurrent Assets
Property, plant and equipment7298611,029
Derivative instruments and hedges2973105
Other noncurrent assets3342
Prepaid expense and other noncurrent assets40
Total noncurrent assets:7919761,174
TOTAL ASSETS:1,2141,3701,382
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities140132168
Accounts payable232937
Accrued liabilities81103131
Interest and dividends payable36  
Debt2,037  
Derivative instruments and hedges, liabilities 3 
Asset retirement obligation101
Other undisclosed current liabilities(37)(0)(1)
Total current liabilities:2,141135168
Noncurrent Liabilities
Long-term debt and lease obligation 1,9892,063
Long-term debt, excluding current maturities 1,9892,063
Liabilities, other than long-term debt119126153
Asset retirement obligations104106116
Other liabilities151919
Derivative instruments and hedges, liabilities 017
Other undisclosed noncurrent liabilities92126131
Total noncurrent liabilities:2112,2412,347
Total liabilities:2,3522,3762,515
Stockholders' equity
Stockholders' equity attributable to parent(1,138)(1,006)(1,133)
Common stock222
Treasury stock, value(54)(51)(49)
Additional paid in capital782770751
Accumulated other comprehensive income72110161
Accumulated deficit(1,939)(1,836)(1,998)
Total stockholders' equity:(1,138)(1,006)(1,133)
TOTAL LIABILITIES AND EQUITY:1,2141,3701,382

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

12/31/2014
12/31/2013
12/31/2012
Revenues569562709
Revenue, net578565713
Cost of revenue
(Cost of Goods and Services Sold)
(284)(296)(324)
Gross profit:286266385
Operating expenses(484)(436)(3,216)
Other undisclosed operating income284635365
Operating income (loss):85465(2,466)
Nonoperating income (expense)(10)(17)54
Investment income, nonoperating  53
Foreign currency transaction loss, before tax(4)  
Other nonoperating income (expense)(7)(17)1
Interest and debt expense(163)(252)(164)
Income (loss) from continuing operations before income taxes:(88)195(2,576)
Income tax expense (benefit)(4)(15)296
Income (loss) before gain (loss) on sale of properties:(92)181(2,281)
Other undisclosed net loss(11)(19)(72)
Net income (loss) available to common stockholders, basic:(103)162(2,353)
Other undisclosed net loss available to common stockholders, diluted (4) 
Net income (loss) available to common stockholders, diluted:(103)157(2,353)

Comprehensive Income ($ in millions)

12/31/2014
12/31/2013
12/31/2012
Net income (loss):(103)162(2,353)
Comprehensive income (loss):(103)162(2,353)
Other undisclosed comprehensive loss, net of tax, attributable to parent(38)(52)(53)
Comprehensive income (loss), net of tax, attributable to parent:(141)110(2,406)

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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