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 investments | 214 | 0 | 1 | 1 | 0 | 0 | 0 | ||
| Cash and cash equivalents | 214 | 0 | 1 | 1 | 0 | 0 | 0 | ||
| Receivables | 472 | 253 | 273 | 491 | 349 | 242 | 124 | ||
| Inventory, net of allowances, customer advances and progress billings | 23 | 21 | 27 | 33 | |||||
| Inventory | 23 | 21 | 27 | 33 | |||||
| Derivative instruments and hedges, assets | 6 | 23 | 137 | 88 | 59 | 13 | 282 | ||
| Other current assets | 18 | ||||||||
| Other undisclosed current assets | 45 | 13 | |||||||
| Total current assets: | 737 | 290 | 428 | 602 | 429 | 282 | 439 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 41 | 64 | 62 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 3 | 4 | 5 | 10 | 15 | 17 | 19 | ||
| Oil and gas property, successful effort method | 5,755 | 5,687 | 6,041 | 9,023 | 9,567 | 9,256 | 6,361 | ||
| Intangible assets, net (including goodwill) | 1,641 | 1,654 | |||||||
| Goodwill | 1,641 | 1,654 | |||||||
| Derivative instruments and hedges | 39 | 17 | 1 | 5 | 0 | 0 | 7 | ||
| Other noncurrent assets | 86 | 76 | 75 | 68 | 77 | 73 | 73 | ||
| Total noncurrent assets: | 5,924 | 5,847 | 6,185 | 9,106 | 11,300 | 11,000 | 6,461 | ||
| TOTAL ASSETS: | 6,661 | 6,137 | 6,612 | 9,708 | 11,729 | 11,282 | 6,900 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 675 | 535 | 551 | 745 | 705 | 530 | 336 | ||
| Accounts payable | 178 | 132 | 155 | 227 | 344 | 229 | 117 | ||
| Accrued liabilities | 421 | 348 | 356 | 476 | 318 | 266 | 188 | ||
| Interest and dividends payable | 76 | 55 | 39 | 42 | 44 | 35 | 30 | ||
| Debt | 45 | ||||||||
| Derivative instruments and hedges, liabilities | 163 | 27 | 13 | 4 | 44 | 165 | 1 | ||
| Asset retirement obligation | 5 | 7 | 2 | 5 | 6 | 7 | 15 | ||
| Other undisclosed current liabilities | 309 | 93 | |||||||
| Total current liabilities: | 1,152 | 707 | 567 | 755 | 755 | 703 | 352 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,733 | 3,159 | 3,243 | 1,257 | 3,809 | ||||
| Long-term debt, excluding current maturities | 2,708 | 3,116 | 3,202 | 1,257 | 3,809 | ||||
| Operating lease, liability | 25 | 43 | 41 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 353 | 300 | 314 | 738 | 1,075 | 1,338 | 883 | ||
| Deferred compensation liability, classified | 137 | 81 | 64 | 68 | 101 | 119 | 105 | ||
| Asset retirement obligations | 91 | 73 | 249 | 271 | 251 | ||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 667 | 693 | 943 | 778 | ||
| Deferred income tax liabilities | 118 | 135 | ✕ | ✕ | ✕ | ✕ | |||
| Derivative instruments and hedges, liabilities | 8 | 10 | 1 | 3 | 10 | 24 | 0 | ||
| Other undisclosed noncurrent liabilities | 336 | 334 | 142 | 4,156 | 2,867 | 25 | 2,906 | ||
| Total noncurrent liabilities: | 3,422 | 3,793 | 3,698 | 4,894 | 5,199 | 5,171 | 3,789 | ||
| Total liabilities: | 4,575 | 4,499 | 4,265 | 5,649 | 5,955 | 5,874 | 4,140 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 2,086 | 1,638 | 2,347 | 4,059 | 5,774 | 5,408 | 2,760 | ||
| Common stock | 3 | 3 | 3 | 2 | 2 | 2 | 2 | ||
| Treasury stock, value | (30) | (30) | (7) | (0) | (1) | (1) | (2) | ||
| Additional paid in capital | 5,720 | 5,684 | 5,660 | 5,628 | 5,578 | 5,524 | 2,443 | ||
| 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: | 2,086 | 1,638 | 2,347 | 4,059 | 5,774 | 5,408 | 2,760 | ||
| TOTAL LIABILITIES AND EQUITY: | 6,661 | 6,137 | 6,612 | 9,708 | 11,729 | 11,282 | 6,900 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,930 | 1,969 | 2,828 | 3,283 | 2,611 | 1,100 | 1,598 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 2,398 | 1,361 | 1,182 | |
| 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) | 372 | 656 | 413 | (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 benefit | 10 | 26 | 500 | 30 | 251 | 281 | 339 | |
| Net income (loss): | 184 | (890) | (1,905) | (1,957) | 137 | (690) | (903) | |
| Other undisclosed net income attributable to parent | 227 | 179 | 189 | 210 | 196 | 168 | 189 | |
| 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 share | 0 | 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) | 0 | 0 | (0) | 1 | (1) | |||
| Comprehensive income (loss): | 185 | (890) | (1,905) | (1,956) | 136 | (690) | (903) | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 227 | 179 | 189 | 210 | 196 | 168 | 189 | |
| 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.