Magnum Hunter Resources Corp (MHRC) financial statements (2021 and earlier)

Company profile

Business Address 909 LAKE CAROLYN PARKWAY
IRVING, TX 75039
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)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments41574461
Cash and cash equivalents41534258
Short-term investments0423
Restricted cash and investments   2
Receivables261656125
Inventory, net of allowances, customer advances and progress billings2279
Inventory2279
Derivative instruments and hedges, assets 1715
Prepaid expense and other current assets2
Assets held-for-sale51
Other undisclosed current assets15288 
Total current assets:84120121204
Noncurrent Assets
Inventory, Noncurrent   4
Property, plant and equipment7691,1761,5141,924
Oil and gas property, successful effort method 1,0981,2251,723
Long-term investments and receivables166347  
Long-term investments166347  
Intangible assets, net (including goodwill)  3740
Goodwill  3131
Intangible assets, net (excluding goodwill)  79
Derivative instruments and hedges  0 
Deferred costs(15)232024
Other noncurrent assets4242
Prepaid expense and other noncurrent assets6
Assets held-for-sale, long lived163 
Other undisclosed noncurrent assets15(1,098)(1,225)(1,726)
Total noncurrent assets:9771,5501,7361,994
TOTAL ASSETS:1,0601,6701,8572,199
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19151152208
Accounts payable7131108197
Accrued liabilities12204511
Debt841144
Derivative instruments and hedges, liabilities  2 
Asset retirement obligation1002
Due to related parties2   
Other liabilities11612
Other undisclosed current liabilities3951918
Total current liabilities:146168184244
Noncurrent Liabilities
Long-term debt and lease obligation 938876887
Long-term debt, excluding current maturities 938876887
Liabilities, other than long-term debt313295156
Asset retirement obligations27261628
Deferred tax liabilities, net   74
Other liabilities3526
Derivative instruments and hedges, liabilities  7648
Other undisclosed noncurrent liabilities1,096 15 
Total noncurrent liabilities:1,1279709851,042
Total liabilities:1,2731,1381,1691,286
Temporary equity, carrying amount 100237201
Stockholders' equity
Stockholders' equity attributable to parent, including:(627)432442702
Common stock3222
Treasury stock, value(2)(2)(2)(2)
Additional paid in capital975910734715
Accumulated other comprehensive loss(0)(8)(20)(9)
Accumulated deficit(1,602)(785)(586)(307)
Other undisclosed stockholders' equity attributable to parent 314314303
Stockholders' equity attributable to noncontrolling interest  910
Other undisclosed stockholders' equity314   
Total stockholders' equity:(312)432451712
Other undisclosed liabilities and equity100   
TOTAL LIABILITIES AND EQUITY:1,0601,6701,8572,199

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues154394236271
Revenue, net154391280271
Financial services revenue 2(45) 
Cost of revenue
(Cost of Goods and Services Sold)
(40)(148)(121)(69)
Gross profit:114246115202
Operating expenses(615)(882)(465)(406)
Other operating income, net
(Other Expenses)
 737  
Other undisclosed operating income (loss)40(592)16669
Operating loss:(461)(490)(185)(135)
Nonoperating income (expense)(282)353(90)(27)
Investment income, nonoperating5(72)(25)22
Interest and debt expense(100)(86)(72)(52)
Loss from continuing operations before equity method investments, income taxes:(842)(224)(347)(214)
Loss from equity method investments (1)(1)(1)
Other undisclosed income from continuing operations before income taxes58887353
Loss from continuing operations before income taxes:(784)(138)(274)(162)
Income tax benefit  7023
Loss from continuing operations:(784)(138)(204)(139)
Income (loss) from discontinued operations 5(71)0
Loss before gain (loss) on sale of properties:(784)(133)(275)(139)
Other undisclosed net income (loss) (14)522
Net loss:(784)(147)(223)(137)
Net income attributable to noncontrolling interest 414
Net loss attributable to parent:(784)(143)(222)(133)
Preferred stock dividends and other adjustments(34)(55)(57)(35)
Other undisclosed net loss available to common stockholders, basic (52)  
Net loss available to common stockholders, diluted:(818)(250)(279)(167)

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(784)(147)(223)(137)
Other comprehensive income (loss)712(11) 
Other undisclosed comprehensive income   4
Comprehensive loss:(776)(135)(234)(133)
Comprehensive loss, net of tax, attributable to noncontrolling interest (4)(1)(4)
Other undisclosed comprehensive income, net of tax, attributable to parent 728
Comprehensive loss, net of tax, attributable to parent:(776)(131)(233)(129)

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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