Montage Resources Corporation (MR) financial statements (2020 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)

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 investments1261720118468
Cash and cash equivalents1261720118468
Receivables7711978442746
Disposal group, including discontinued operation1 002221
Other current assets3691243620
Total current assets:126134107250269154
Noncurrent Assets
Operating lease, right-of-use asset37
Property, plant and equipment1,7711,2961,1149489941,723
Oil and gas property, successful effort method     1,715
Regulated entity, other noncurrent assets     6
Disposal group, including discontinued operation, noncurrent assets10     
Deferred costs     (3)
Other noncurrent assets83   8
Other undisclosed noncurrent assets  213(1,718)
Total noncurrent assets:1,8251,3001,1169489971,731
TOTAL ASSETS:1,9511,4341,2241,1981,2661,885
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19519513912984176
Accounts payable120117764435137
Accrued liabilities545742642514
Interest and dividends payable212221212425
Debt13     
Asset retirement obligation2     
Disposal group, including discontinued operation3  019 
Deferred tax liabilities    5
Other undisclosed current liabilities421311111151
Total current liabilities:254208150141114233
Noncurrent Liabilities
Long-term debt and lease obligation655530495492527414
Long-term debt, excluding current maturities631530495492527414
Operating lease, liability25
Liabilities, other than long-term debt458718585
Asset retirement obligations30765317
Deferred tax liabilities, net    67
Liability, pension and other postretirement and postemployment benefits     1
Disposal group, including discontinued operation, liabilities7     
Other liabilities811131 
Total noncurrent liabilities:700538502511532499
Total liabilities:954746651651646732
Stockholders' equity
Stockholders' equity attributable to parent9976875725476211,153
Common stock033322
Treasury stock, value(10)(3)(2)(0)  
Additional paid in capital2,3522,0651,9681,9591,8291,391
Accumulated other comprehensive loss     (1)
Accumulated deficit(1,346)(1,377)(1,396)(1,415)(1,211)(239)
Total stockholders' equity:9976875725476211,153
TOTAL LIABILITIES AND EQUITY:1,9511,4341,2241,1981,2661,885

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues634515384235255138
Revenue, net380235255138
Cost of revenue(464) (21)(12)(14)(27)
Cost of goods and services sold(209) (21)(12)(14)(27)
Gross profit:171515363223241111
Operating expenses(130)(421)(371)(350)(1,243)(222)
Other operating expense, net
(Other Expenses)
(0)     
Other undisclosed operating income0 21121427
Operating income (loss):419413(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:28176(205)(1,046)(113)
Other undisclosed income from continuing operations before income taxes322222
Income (loss) from continuing operations before income taxes:30199(203)(1,044)(111)
Income tax expense (benefit)   (1)72(72)
Income (loss) from continuing operations:30199(204)(971)(183)
Income from discontinued operations1     
Net income (loss) available to common stockholders, diluted:32199(204)(971)(183)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):32199(204)(971)(183)
Comprehensive income (loss):32199(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:32199(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.

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