Montage Resources Corporation (MR) financial statements (2021 and earlier)
Company profile
| Business Address |
122 WEST JOHN CARPENTER FREEWAY 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)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 12 | 6 | 17 | 201 | 184 | 68 | |||
| Cash and cash equivalents | 12 | 6 | 17 | 201 | 184 | 68 | |||
| Receivables | 77 | 119 | 78 | 44 | 27 | 46 | |||
| Disposal group, including discontinued operation | 1 | 0 | 0 | 22 | 21 | ||||
| Other current assets | 36 | 9 | 12 | 4 | 36 | 20 | |||
| Total current assets: | 126 | 134 | 107 | 250 | 269 | 154 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 37 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 1,771 | 1,296 | 1,114 | 948 | 994 | 1,723 | |||
| Oil and gas property, successful effort method | 1,715 | ||||||||
| Regulated entity, other noncurrent assets | 6 | ||||||||
| Disposal group, including discontinued operation, noncurrent assets | 10 | ||||||||
| Deferred costs | (3) | ||||||||
| Other noncurrent assets | 8 | 3 | 8 | ||||||
| Other undisclosed noncurrent assets | 2 | 1 | 3 | (1,718) | |||||
| Total noncurrent assets: | 1,825 | 1,300 | 1,116 | 948 | 997 | 1,731 | |||
| TOTAL ASSETS: | 1,951 | 1,434 | 1,224 | 1,198 | 1,266 | 1,885 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 195 | 195 | 139 | 129 | 84 | 176 | |||
| Accounts payable | 120 | 117 | 76 | 44 | 35 | 137 | |||
| Accrued liabilities | 54 | 57 | 42 | 64 | 25 | 14 | |||
| Interest and dividends payable | 21 | 22 | 21 | 21 | 24 | 25 | |||
| Debt | 13 | ||||||||
| Asset retirement obligation | 2 | ||||||||
| Disposal group, including discontinued operation | 3 | 0 | 19 | ||||||
| Deferred tax liabilities | ✕ | ✕ | 5 | ||||||
| Other undisclosed current liabilities | 42 | 13 | 11 | 11 | 11 | 51 | |||
| Total current liabilities: | 254 | 208 | 150 | 141 | 114 | 233 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 655 | 530 | 495 | 492 | 527 | 414 | |||
| Long-term debt, excluding current maturities | 631 | 530 | 495 | 492 | 527 | 414 | |||
| Operating lease, liability | 25 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 45 | 8 | 7 | 18 | 5 | 85 | |||
| Asset retirement obligations | 30 | 7 | 6 | 5 | 3 | 17 | |||
| Deferred tax liabilities, net | ✕ | ✕ | 67 | ||||||
| Liability, pension and other postretirement and postemployment benefits | 1 | ||||||||
| Disposal group, including discontinued operation, liabilities | 7 | ||||||||
| Other liabilities | 8 | 1 | 1 | 13 | 1 | ||||
| Total noncurrent liabilities: | 700 | 538 | 502 | 511 | 532 | 499 | |||
| Total liabilities: | 954 | 746 | 651 | 651 | 646 | 732 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 997 | 687 | 572 | 547 | 621 | 1,153 | |||
| Common stock | 0 | 3 | 3 | 3 | 2 | 2 | |||
| Treasury stock, value | (10) | (3) | (2) | (0) | |||||
| Additional paid in capital | 2,352 | 2,065 | 1,968 | 1,959 | 1,829 | 1,391 | |||
| Accumulated other comprehensive loss | (1) | ||||||||
| Accumulated deficit | (1,346) | (1,377) | (1,396) | (1,415) | (1,211) | (239) | |||
| Total stockholders' equity: | 997 | 687 | 572 | 547 | 621 | 1,153 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,951 | 1,434 | 1,224 | 1,198 | 1,266 | 1,885 | |||
Income statement (P&L) ($ in millions)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 634 | 515 | 384 | 235 | 255 | 138 | ||
| Revenue, net | ✕ | ✕ | ✕ | 380 | 235 | 255 | 138 | |
| Cost of revenue | (464) | (21) | (12) | (14) | (27) | |||
| Cost of goods and services sold | (209) | (21) | (12) | (14) | (27) | |||
| Gross profit: | 171 | 515 | 363 | 223 | 241 | 111 | ||
| Operating expenses | (130) | (421) | (371) | (350) | (1,243) | (222) | ||
| Other operating expense, net (Other Expenses) | (0) | |||||||
| Other undisclosed operating income | 0 | 21 | 12 | 14 | 27 | |||
| Operating income (loss): | 41 | 94 | 13 | (114) | (987) | (84) | ||
| Nonoperating expense | (10) | (75) | (4) | (89) | (56) | (27) | ||
| Interest and debt expense | (3) | (2) | (2) | (2) | (2) | (2) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 28 | 17 | 6 | (205) | (1,046) | (113) | ||
| Other undisclosed income from continuing operations before income taxes | 3 | 2 | 2 | 2 | 2 | 2 | ||
| Income (loss) from continuing operations before income taxes: | 30 | 19 | 9 | (203) | (1,044) | (111) | ||
| Income tax expense (benefit) | (1) | 72 | (72) | |||||
| Income (loss) from continuing operations: | 30 | 19 | 9 | (204) | (971) | (183) | ||
| Income from discontinued operations | 1 | |||||||
| Net income (loss) available to common stockholders, diluted: | 32 | 19 | 9 | (204) | (971) | (183) | ||
Comprehensive Income ($ in millions)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 32 | 19 | 9 | (204) | (971) | (183) | ||
| Comprehensive income (loss): | 32 | 19 | 9 | (204) | (971) | (183) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1 | (2) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 32 | 19 | 9 | (204) | (971) | (185) | ||
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.