COMSTOCK RESOURCES INC CRK Income Statement

Comstock resources inc (CRK)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues:
Total oil and gas sales
225,878	289,248	224,444	128,116	126,881	153,498	70,123	-	-	73,248	66,811	61,471	53,801	48,498	50,330	40,715	36,163	47,228	61,360	77,312	66,522	-	-	-	-	-	-	-	95,020	93,572	97,141	90,329	103,772	114,456	119,422	112,451	88,038	72,650	79,720	90,682	106,089	67,436	64,875
Total revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,903	-	-	-	66,522	-	144,983	155,723	141,909	-	111,590	107,901	-	-	-	110,667	110,499	-	-	112,451	88,038	-	-	-	-	-	-
Operating expenses:
Production taxes
5,567	10,449	6,966	5,827	5,939	7,104	4,051	-	-	1,643	1,490	1,143	1,097	864	1,556	1,327	1,186	1,335	2,170	3,807	2,974	5,360	6,369	6,467	5,601	4,352	4,168	3,883	2,121	2,521	3,098	2,861	3,247	1,440	141	1,363	726	351	3,062	4,806	1,675	1,848	2,516
Gathering and transportation
28,411	29,957	23,414	10,502	7,430	7,061	3,450	-	-	5,110	4,755	3,545	4,128	3,605	3,829	4,025	4,365	4,456	3,729	3,260	2,853	2,858	3,125	3,138	3,776	4,211	4,478	4,354	4,202	5,411	6,033	7,106	7,715	8,151	8,101	6,611	5,628	4,948	4,101	3,679	4,528	1,368	1,350
Lease operating
28,712	28,835	29,111	14,452	14,885	13,720	7,016	-	-	9,178	9,359	9,433	9,889	9,447	12,301	12,988	12,960	14,852	16,687	17,827	15,136	15,384	15,858	13,980	15,061	13,721	12,955	12,962	13,206	12,635	12,962	12,193	13,458	10,040	12,527	12,437	11,548	12,375	13,002	13,988	14,160	12,803	13,619
Depreciation, depletion and amortization
110,425	111,842	80,247	46,847	37,590	36,124	17,820	-	-	30,524	32,807	30,321	29,905	29,077	37,545	36,029	38,836	59,416	79,445	90,573	91,889	94,885	99,977	94,539	88,874	81,161	85,762	85,244	84,967	89,336	91,536	85,675	77,311	78,244	77,518	74,689	60,325	50,206	46,796	57,398	59,409	53,933	50,796
General and administrative
8,719	6,484	8,105	6,841	7,814	8,096	3,303	-	-	7,003	6,174	6,559	6,401	8,537	4,188	5,663	5,575	2,746	5,653	7,176	7,966	6,469	7,927	9,614	8,369	8,771	8,153	9,056	8,787	7,825	8,142	9,033	8,798	9,199	8,628	8,917	8,428	8,235	9,400	9,764	9,801	8,689	9,051
Exploration
27	-	241	-	-	-	-	-	-	-	-	-	-	0	76,391	0	7,753	385	5,040	23,040	42,229	-	11,449	-	-	18,081	2,995	9,754	2,593	58,652	1,407	37	1,353	82	447	82	9,537	99	1,238	99	1,169	227	131
Impairment of oil and gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	2,561	113	1,742	22,718	254,246	544,714	1,984	403	-	15	256	-	-	-	652	-	20,018	0	5,301	49	-	-	-	-	11	26	28	159	115	-
Gain on sale of oil and gas properties
-	0	0	-26	1	57	98	-	-	-	1,036	-	-	-1,268	13,196	1,647	740	-	-52	111,830	-	-	-	-	-	-	-2,165	81	-	-	-2,794	20,338	6,727	114	26	26	-109	-	-	-797	-	-	-
Total operating expenses
181,861	187,567	148,084	84,495	73,657	72,048	35,542	-	-	97,472	55,621	51,001	51,420	53,563	149,119	63,421	93,393	337,743	657,386	259,497	163,450	192,907	144,720	127,994	121,681	130,165	120,676	125,905	115,876	193,604	125,972	122,206	111,931	167,973	107,336	104,073	96,301	102,060	77,625	90,559	90,901	78,983	77,463
Operating income
44,017	101,681	76,360	43,621	53,224	81,450	34,581	-	-	-24,224	11,190	10,470	2,381	-5,805	-98,789	-22,706	-56,490	-290,515	-596,026	-182,185	-96,928	-80,291	263	27,729	20,228	-24,386	-9,086	-18,004	-20,856	-102,826	-28,831	-11,539	-1,432	-53,517	12,086	8,378	-8,263	-29,410	2,095	123	15,188	-11,547	-12,588
Other income (expenses):
Gain (loss) from derivative financial instruments
61,899	19,790	24,858	14,744	-7,657	12,480	-2,015	-	-	2,168	1,430	5,295	7,860	-6,030	0	18	656	-	1,078	627	-	10,938	12,033	-9,850	-4,946	1,933	-7,395	3,521	-6,447	16,598	3,293	2,719	-1,354	-	-	-	-	-	-	-	-	-	-
Gain on sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	7,877	0	0	0	26,621	2,905	2,484	8,480	21,249	-	-	5,692	-	-	-
Unrealized gain (loss) from derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,112	34,797	-10,187	-	-	-	-	-	-	-	-	-	-
Other income
313	282	92	155	93	131	42	-	-	132	170	65	163	102	175	314	281	221	411	356	287	214	223	39	251	195	423	196	245	269	153	283	239	210	187	83	310	349	105	25	20	23	29
Transaction costs
-	-	39,657	1,443	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	119	139	3	10
Gain on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-1,064	100,540	56,196	33,380	23,155	51,054	7,267	-2,735	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
52,810	54,107	51,015	28,568	27,851	28,758	14,845	-	-	39,199	37,595	36,755	32,900	38,690	31,227	28,882	29,944	31,872	32,159	33,807	20,754	15,272	14,912	14,767	13,680	15,894	20,530	19,240	17,578	16,725	15,527	13,351	12,303	10,910	9,988	10,410	10,284	6,905	7,108	7,599	7,844	3,244	2,901
Total other income (expenses)
9,402	-33,945	-65,722	-15,112	-35,415	-16,147	-16,818	-	-	-36,899	-35,995	-31,395	-24,877	-45,682	69,488	27,646	4,373	-7,525	20,384	-25,557	-23,202	-4,120	-2,656	-24,578	-18,375	-31,620	-27,502	-15,523	-15,903	-13,356	-23,193	24,448	3,016	-8,891	-7,317	-1,847	11,275	4,023	-7,003	-1,763	-7,685	-3,218	-2,862
Income before income taxes
53,419	67,736	10,638	28,509	17,809	65,303	17,763	-	-	-61,123	-24,805	-20,925	-22,496	-51,487	-29,301	4,940	-52,117	-298,040	-575,642	-207,742	-120,130	-84,411	-2,393	3,151	1,853	-56,006	-36,588	-33,527	-36,759	-116,182	-52,024	12,909	1,584	-62,408	4,769	6,531	3,012	-25,387	-4,908	-1,640	7,503	-14,765	-15,450
Provision for income taxes
11,391	12,620	3,847	7,102	4,234	15,004	3,940	-	-	-18,827	-69	517	435	3,446	-825	88	4,460	-9,497	-30,646	-72,674	-41,628	-26,140	-490	1,253	688	-19,365	-12,554	-11,996	-12,242	-39,188	-7,812	-3,801	167	-21,274	3,460	2,582	608	-4,778	-208	-21	161	-2,193	-3,975
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-36,641	-24,034	-21,531	-24,517	-76,994	-44,212	16,710	1,417	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-857	0	151,236	-2,627	-1,157	13,763	-9,545	-42	-	-	-	-	-	-	-	-	-	-
Net income
42,028	55,116	6,791	21,407	13,575	50,299	13,823	-	-	-42,296	-24,736	-21,442	-22,931	-54,933	-28,476	4,852	-56,577	-288,543	-544,996	-135,068	-78,502	-58,271	-1,903	1,898	1,165	-37,498	-24,034	129,705	-27,144	-78,151	-30,449	7,165	1,375	-41,134	1,309	3,949	2,404	-20,609	-4,700	-1,619	7,342	-12,572	-11,475
Preferred stock dividends and accretion
12,072	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends
-	-	8,128	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common stockholders
29,956	-	-1,337	-	13,575	50,299	13,823	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per share:
Net income (loss) per share – basic and diluted
-	-	-0.01	0.20	-	0.48	0.13	-	-	-2.88	-1.67	-1.45	-1.61	-3.90	-2.32	0.41	-5.71	-38.13	-59.05	-14.64	-1.71	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from continuing operations, Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.52	-0.45	-0.52	-1.65	-0.95	0.35	0.03	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	3.13	-0.06	-0.03	0.29	-0.20	0.00	-	-	-	-	-	-	-	-	-	-
Basic
0.16	-	-	-	0.13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04	0.04	0.02	-	-0.52	2.68	-0.58	-1.68	-0.66	0.15	0.03	-0.89	0.03	0.08	0.05	-0.45	-0.10	-0.04	0.16	-0.28	-0.26
Loss from continuing operations, Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.52	-0.45	-0.52	-1.65	-0.95	0.35	0.03	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	3.13	-0.06	-0.03	0.29	-0.20	0.00	-	-	-	-	-	-	-	-	-	-
Diluted
0.15	-	-	-	0.13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04	0.04	0.02	-	-0.52	2.68	-0.58	-1.68	-0.66	0.15	0.03	-0.89	0.03	0.08	0.05	-0.45	-0.10	-0.04	0.16	-0.28	-0.26
Dividends per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.12	0.12	0.12	0.12	-	0.12	0.12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares outstanding – basic and diluted
-	-	-	105,457	-	-	-	-	-	-	14,796	14,749	14,225	13,164	12,293	11,557	9,902	-27,589	9,230	9,224	46,027	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares outstanding:
Basic
188,916	-	171,487	-	105,457	105,458	105,448	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46,651	46,633	46,599	-	46,570	46,754	46,730	46,447	46,443	46,426	46,372	46,011	46,011	45,992	45,974	45,634	45,623	45,579	45,408	45,032	45,000
Diluted
285,166	-	171,487	-	105,457	105,455	105,463	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46,651	46,991	46,749	-	46,570	46,754	46,730	46,447	46,443	46,426	46,372	46,011	46,011	45,992	45,974	45,498	45,623	45,579	45,544	45,032	45,000
Natural Gas Sales
Total oil and gas sales
207,239	260,206	193,506	91,951	90,132	107,843	36,393	-	-	-	56,164	-	40,940	34,897	36,852	25,727	25,147	29,342	33,654	26,188	20,569	32,129	37,084	44,652	51,596	41,096	45,330	52,747	49,280	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil Sales
Total oil and gas sales
18,639	29,042	30,938	36,165	36,749	45,655	33,730	-	-	-	10,647	-	12,861	13,601	13,478	14,988	11,016	17,886	27,706	51,124	45,953	80,487	107,899	111,071	90,313	64,764	66,260	55,073	45,740	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Predecessor
Total oil and gas sales
-	-	-	-	-	-	-	61,449	72,593	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Production taxes
-	-	-	-	-	-	-	1,112	1,840	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gathering and transportation
-	-	-	-	-	-	-	4,398	4,334	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease operating
-	-	-	-	-	-	-	7,948	9,773	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, depletion and amortization
-	-	-	-	-	-	-	26,798	27,152	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
-	-	-	-	-	-	-	6,639	6,016	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of oil and gas properties
-	-	-	-	-	-	-	-6,838	28,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
-	-	-	-	-	-	-	53,733	77,715	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
-	-	-	-	-	-	-	7,716	-5,122	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) from derivative financial instruments
-	-	-	-	-	-	-	-1,638	2,602	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	327	66	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction costs
-	-	-	-	-	-	-	317	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	40,213	38,850	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expenses)
-	-	-	-	-	-	-	-41,841	-36,182	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before income taxes
-	-	-	-	-	-	-	-34,125	-41,304	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Benefit from (provision for) income taxes
-	-	-	-	-	-	-	-122	582	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-	-	-	-	-	-	-	-34,003	-41,886	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) per share – basic and diluted
-	-	-	-	-	-	-	-2.22	-2.78	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares outstanding – basic and diluted
-	-	-	-	-	-	-	15,340	15,084	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-