Range Resources Corporation (RRC) Financial Statements (2023 and Earlier)

Company Profile

Business Address 100 THROCKMORTON STE. 1200
FT WORTH, TX 76102
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments214011000
Cash and cash equivalents214011000
Receivables472253273491349242124
Inventory, net of allowances, customer advances and progress billings   23212733
Inventory   23212733
Derivative instruments and hedges, assets623137885913282
Other current assets  18    
Other undisclosed current assets4513     
Total current assets:737290428602429282439
Noncurrent Assets
Operating lease, right-of-use asset416462
Property, plant and equipment34510151719
Oil and gas property, successful effort method5,7555,6876,0419,0239,5679,2566,361
Intangible assets, net (including goodwill)    1,6411,654 
Goodwill    1,6411,654 
Derivative instruments and hedges391715007
Other noncurrent assets86767568777373
Total noncurrent assets:5,9245,8476,1859,10611,30011,0006,461
TOTAL ASSETS:6,6616,1376,6129,70811,72911,2826,900
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities675535551745705530336
Accounts payable178132155227344229117
Accrued liabilities421348356476318266188
Interest and dividends payable76553942443530
Debt 45     
Derivative instruments and hedges, liabilities16327134441651
Asset retirement obligation57256715
Other undisclosed current liabilities30993     
Total current liabilities:1,152707567755755703352
Noncurrent Liabilities
Long-term debt and lease obligation2,7333,1593,243 1,2573,809 
Long-term debt, excluding current maturities2,7083,1163,202 1,2573,809 
Operating lease, liability254341
Liabilities, other than long-term debt3533003147381,0751,338883
Deferred compensation liability, classified137816468101119105
Asset retirement obligations9173249 271251 
Deferred tax liabilities, net667693943778
Deferred income tax liabilities118135 
Derivative instruments and hedges, liabilities8101310240
Other undisclosed noncurrent liabilities3363341424,1562,867252,906
Total noncurrent liabilities:3,4223,7933,6984,8945,1995,1713,789
Total liabilities:4,5754,4994,2655,6495,9555,8744,140
Stockholders' equity
Stockholders' equity attributable to parent2,0861,6382,3474,0595,7745,4082,760
Common stock3332222
Treasury stock, value(30)(30)(7)(0)(1)(1)(2)
Additional paid in capital5,7205,6845,6605,6285,5785,5242,443
Accumulated other comprehensive loss(0)(0)(1)(1)(1)  
Retained earnings (accumulated deficit)(3,607)(4,019)(3,307)(1,570)196(117)318
Total stockholders' equity:2,0861,6382,3474,0595,7745,4082,760
TOTAL LIABILITIES AND EQUITY:6,6616,1376,6129,70811,72911,2826,900

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,9301,9692,8283,2832,6111,1001,598
Revenue, net2,3981,3611,182
Cost of revenue(2,307)(1,979)(2,456)(2,627)(2,198)(1,598)(1,423)
Cost of goods and services sold(367)(188)(360)(496)(1,116)(831)(649)
Gross profit:624(10)372656413(498)175
Operating expenses(221)(727)(2,589)(2,433)(331)(304)(1,228)
Operating income (loss):402(737)(2,217)(1,777)82(802)(1,052)
Interest and debt expense(227)(179)(189)(210)(196)(168)(189)
Income (loss) from continuing operations before income taxes:175(916)(2,405)(1,987)(114)(970)(1,241)
Income tax benefit102650030251281339
Net income (loss):184(890)(1,905)(1,957)137(690)(903)
Other undisclosed net income attributable to parent227179189210196168189
Net income (loss) attributable to parent:412(712)(1,716)(1,746)333(521)(714)
Other undisclosed net loss available to common stockholders, basic(11) (0)(0)(4)(0)(0)
Net income (loss) available to common stockholders, basic:401(712)(1,717)(1,747)329(522)(714)
Dilutive securities, effect on basic earnings per share0   0  
Net income (loss) available to common stockholders, diluted:401(712)(1,717)(1,747)329(522)(714)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):184(890)(1,905)(1,957)137(690)(903)
Other comprehensive income (loss)00(0)1(1)  
Comprehensive income (loss):185(890)(1,905)(1,956)136(690)(903)
Other undisclosed comprehensive income, net of tax, attributable to parent227179189210196168189
Comprehensive income (loss), net of tax, attributable to parent:412(711)(1,716)(1,746)332(521)(714)

Statements Sources

The financial statements are based on the Company's filings with 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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