Callon Petroleum Co CPE Income Statement

Callon petroleum co (CPE)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Operating revenues:
Total operating revenues
671,572	587,624	366,474	200,851	137,512	151,862	102,569	110,733	127,644	89,882	142,145
BOEMRE royalty recoupment (See Note 16)
-	-	-	-	-	-	-	-	-	-	-40,886
Operating Expenses:
Lease operating
91,827	69,180	49,907	38,353	27,036	22,372	19,779	23,330	18,285	17,712	18,447
Production and ad valorem taxes
42,651	35,755	22,396	11,870	9,793	8,973	4,133	3,224	2,062	-	-
Depreciation, depletion and amortization
240,642	182,783	116,391	71,369	69,249	56,724	43,967	49,701	48,701	31,805	33,443
General and administrative
45,331	35,293	27,067	26,317	28,347	25,109	20,534	20,358	16,636	16,507	13,355
Merger and integration expenses
74,363	0	0	-	-	-	-	-	-	-	-
Settled share-based awards
3,024	0	6,351	0	0	-	-	-	-	-	-
Accretion expense
-	-	-	958	660	826	1,785	2,253	2,338	2,446	3,149
Other operating
1,076	5,083	2,916	-	-	-	-	-	-	-	-
Write-down of oil and natural gas properties
-	-	-	95,788	208,435	-	-	-	-	-	-
Rig termination fee
-	-	-	0	3,075	-	-	-	-	-	-
Gain on sale of other property and equipment
-	-	-	-	-	1,080	-	-	-	-	-
Impairment of other property and equipment
-	-	-	-	-	-	1,707	1,177	0	0	-
Acquisition expense
-	-	-	3,673	27	668	-	-	-	233	298
Total operating expenses
498,914	328,094	225,028	248,328	346,622	113,592	91,905	100,043	88,022	68,703	68,692
Income From Operations
172,658	259,530	141,446	-47,477	-209,110	38,270	10,664	10,690	39,622	21,179	73,453
Other (Income) Expenses:
Interest expense, net of capitalized amounts
2,907	2,500	2,159	11,871	21,111	9,772	6,094	9,108	11,717	13,312	19,089
Gain on acquired equipment
-	-	-	-	-	-	-	-	5,041	0	0
(Gain) loss on derivative contracts
-62,109	48,544	-18,901	-20,233	28,358	31,736	-1,360	1,717	0	0	-
Callon Entrada non-recourse credit facility interest expense (See Note 3)
-	-	-	-	-	-	-	-	-	-	7,072
Loss on extinguishment of debt
-4,881	0	0	-12,883	0	151	3,696	1,366	1,942	-339	0
9.75% Senior Notes restructuring expenses
-	-	-	-	-	-	-	-	-	-	-1,024
Other income
468	2,896	1,311	637	198	-	-	-	-	-	7,681
Other income, net
-	-	-	-	-	515	485	79	1,426	257	-190
Total other (income) expense
-69,429	48,940	-19,749	-44,350	7,445	22,630	-3,273	-5,946	-3,308	-13,394	-19,694
Income (Loss) Before Income Taxes
103,229	308,470	121,697	-91,827	-201,665	60,900	7,391	4,744	36,314	7,785	53,759
Income tax (expense) benefit
35,301	8,110	1,273	-14	38,474	23,134	3,104	2,223	-69,283	-174	7,623
Income (loss) before equity in earnings of Medusa Spar LLC
-	-	-	-	-	37,766	4,287	2,521	105,597	7,959	46,136
Equity in earnings of Medusa Spar LLC
-	-	-	-	-	-	17	226	799	427	660
Net Income (Loss)
67,928	300,360	120,424	-91,813	-240,139	37,766	4,304	2,747	106,396	8,386	46,796
Preferred stock dividends
4,000	7,300	7,300	7,295	7,895	7,895	4,627	-	0	-	-
Loss on redemption of preferred stock
8,304	0	0	-	-	-	-	-	-	-	-
Income (Loss) Available to Common Stockholders
55,627	293,065	113,129	-99,108	-248,034	29,871	-323	2,747	106,396	-	-
Income (Loss) Available to Common Stockholders Per Common Share:
Basic (in dollars per share)
0.24	1.35	0.56	-0.78	-3.77	0.67	-0.01	0.07	2.81	0.29	2.12
Diluted (in dollars per share)
0.24	1.35	0.56	-0.78	-3.77	0.65	-0.01	0.07	2.76	0.28	2.11
Weighted Average Common Shares Outstanding:
Basic (in shares)
233,140	216,941	201,526	126,258	65,708	44,848	40,133	39,522	37,908	28,817	22,072
Diluted (in shares)
233,550	217,596	202,102	126,258	65,708	45,961	40,133	40,337	38,582	29,476	22,200
Oil
Total operating revenues
633,107	530,898	322,374	177,652	125,166	139,374	88,960	96,584	100,962	65,243	73,842
Natural gas
Total operating revenues
36,390	56,726	44,100	23,199	12,346	12,488	13,609	14,149	26,682	24,639	27,417
Natural gas liquids
Total operating revenues
2,075	0	0	-	-	-	-	-	-	-	-