Range Resources Corporation (RRC) financial statements (2020 and earlier)

Company profile

Business Address 100 THROCKMORTON STE. 1200
FT 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1100000
Cash and cash equivalents1100000
Receivables273491349242124189180
Inventory, net of allowances, customer advances and progress billings 232127331812
Inventory 232127331812
Derivative instruments and hedges, assets1378859132823634
Deferred tax assets     51
Other current assets18      
Total current assets:428602429282439570248
Noncurrent Assets
Operating lease, right-of-use asset62
Property, plant and equipment5101517193833
Oil and gas property, successful effort method6,0419,0239,5679,2566,3617,9786,758
Long-term investments and receivables      129
Long-term investments      129
Intangible assets, net (including goodwill)  1,6411,654  
Goodwill  1,6411,654   
Derivative instruments and hedges15007409
Regulated entity, other noncurrent assets     4245
Other noncurrent assets7568777373121121
Deferred tax assets, net     (772)
Other undisclosed noncurrent assets     (42)727
Total noncurrent assets:6,1859,10611,30011,0006,4618,1767,051
TOTAL ASSETS:6,6129,70811,72911,2826,9008,7477,299
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities551745705530336625420
Accounts payable155227344229117397258
Accrued liabilities356476318266188188162
Interest and dividends payable394244353040 
Debt      50
Derivative instruments and hedges, liabilities134441651 26
Asset retirement obligation256715155
Deferred tax liabilities    116 
Other undisclosed current liabilities      (6)
Total current liabilities:567755755703352755496
Noncurrent Liabilities
Long-term debt and lease obligation3,243 1,2573,809 3,0733,141
Long-term debt, excluding current maturities3,202 1,2573,809 3,0733,141
Operating lease, liability41
Liabilities, other than long-term debt3147381,0751,3388831,4481,492
Deferred compensation liability, classified6468101119105179248
Asset retirement obligations249 271251 272225
Deferred tax liabilities, net6676939437789971,020
Derivative instruments and hedges, liabilities1310240 0
Other undisclosed noncurrent liabilities1424,1562,867252,90613(244)
Total noncurrent liabilities:3,6984,8945,1995,1713,7894,5344,389
Total liabilities:4,2655,6495,9555,8744,1405,2894,885
Stockholders' equity
Stockholders' equity attributable to parent2,3474,0595,7745,4082,7603,4572,414
Common stock3222222
Treasury stock, value(7)(0)(1)(1)(2)(3)(4)
Additional paid in capital5,6605,6285,5785,5242,4432,4001,960
Accumulated other comprehensive income (loss)(1)(1)(1)   6
Retained earnings (accumulated deficit)(3,307)(1,570)196(117)3181,058451
Total stockholders' equity:2,3474,0595,7745,4082,7603,4572,414
TOTAL LIABILITIES AND EQUITY:6,6129,70811,72911,2826,9008,7477,299

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,8283,2832,6111,1001,5982,7121,863
Revenue, net2,3981,3611,1822,2921,995
Cost of revenue(2,456)(2,627)(2,198)(1,598)(1,423)(1,638)(1,431)
Cost of goods and services sold(360)(496)(1,116)(831)(649)(606)(516)
Gross profit:372656413(498)1751,074432
Operating expenses(2,589)(2,433)(331)(304)(1,228)(43)(282)
Operating income (loss):(2,217)(1,777)82(802)(1,052)1,031150
Nonoperating income (expense)
(Investment Income, Nonoperating)
     381(55)
Interest and debt expense(189)(210)(196)(168)(189)(194)(189)
Income (loss) from continuing operations before equity method investments, income taxes:(2,405)(1,987)(114)(970)(1,241)1,218(94)
Income (loss) from equity method investments     (3)3
Income (loss) from continuing operations before income taxes:(2,405)(1,987)(114)(970)(1,241)1,215(91)
Income tax expense (benefit)50030251281339(397)(34)
Net income (loss):(1,905)(1,957)137(690)(903)819(125)
Other undisclosed net income (loss) attributable to parent189210196168189(184)241
Net income (loss) attributable to parent:(1,716)(1,746)333(521)(714)634116
Other undisclosed net loss available to common stockholders, basic(0)(0)(4)(0)(0)(11)(2)
Net income (loss) available to common stockholders, basic:(1,717)(1,747)329(522)(714)624114
Dilutive securities, effect on basic earnings per share  0  0 
Other undisclosed net income available to common stockholders, diluted      0
Net income (loss) available to common stockholders, diluted:(1,717)(1,747)329(522)(714)624114

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(1,905)(1,957)137(690)(903)819(125)
Other comprehensive income (loss)(0)1(1)  (6)(78)
Comprehensive income (loss):(1,905)(1,956)136(690)(903)813(203)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent189210196168189(184)241
Comprehensive income (loss), net of tax, attributable to parent:(1,716)(1,746)332(521)(714)62838

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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