Carrizo oil & gas, inc. (CRZO)
Income statement / Quarterly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues

256,994

264,967

233,040

273,314

303,375

263,973

225,280

246,771

181,279

166,483

151,355

143,831

111,177

107,324

81,262

99,422

106,237

123,494

100,050

163,275

196,225

193,475

157,212

129,728

144,329

134,224

111,901

107,450

96,197

83,818

80,715

55,769

51,668

50,672

44,058

30,502

32,922

Costs and Expenses
Lease operating

45,213

44,514

42,031

46,150

41,022

35,151

39,273

39,087

34,874

36,048

29,845

27,646

24,282

23,114

23,675

22,748

22,213

23,375

21,716

23,155

21,019

17,378

12,605

11,902

12,934

11,797

10,195

8,872

7,145

7,031

8,423

6,929

7,292

7,427

6,666

7,118

6,166

Production and ad valorem taxes

14,549

17,793

14,894

4,812

17,104

16,127

12,548

11,417

7,741

7,143

6,208

6,106

4,886

4,623

3,431

4,370

4,264

5,031

4,018

6,878

8,393

8,182

6,091

5,124

5,590

4,584

4,513

3,866

3,449

3,128

3,099

1,965

1,325

1,466

941

692

885

Ad valorem taxes

-

-

-

-

-

-

-

1,491

1,736

1,073

2,967

1,609

1,426

454

2,070

2,243

2,256

1,723

3,033

2,881

2,235

1,906

1,428

1,853

2,125

2,863

1,860

1,575

2,327

2,296

3,615

927

1,026

981

691

749

468

Depreciation, depletion and amortization

82,195

80,766

75,322

82,525

80,108

72,430

64,467

81,571

67,564

59,072

54,382

53,470

48,949

51,966

59,577

65,577

81,256

79,331

73,871

88,471

83,572

80,746

64,594

62,704

55,362

50,528

45,697

44,534

46,518

43,380

31,561

27,010

20,325

20,595

16,676

10,094

11,079

General and administrative, net

13,467

17,301

24,732

10,249

12,811

18,265

27,292

16,901

16,029

11,596

21,703

15,926

18,119

19,624

21,303

12,345

4,207

19,095

31,577

11,548

9,538

27,682

28,261

23,770

19,715

17,834

16,173

11,734

12,354

13,085

11,535

13,488

4,712

14,094

9,245

9,879

7,750

(Gain) loss on derivatives, net

31,554

20,449

-83,284

159,407

-55,388

-67,714

-29,596

-86,107

-24,377

26,065

25,316

-19,135

11,744

-52,235

10,553

56,665

28,752

-12,595

26,439

190,754

71,783

-39,950

-20,680

-1,931

-27,658

25,726

-14,554

4,396

-14,718

37,890

3,803

10,889

25,656

12,065

-187

21,520

3,214

Interest expense, net

17,721

18,024

16,451

15,891

15,406

15,599

15,517

18,520

20,673

21,106

20,571

20,490

21,190

19,010

18,713

17,792

16,208

16,999

18,196

16,614

12,201

11,931

12,425

12,322

13,402

13,989

14,976

-3,140

18,074

16,767

16,457

12,997

13,386

12,407

12,208

10,403

9,845

Impairment of proved oil and gas properties

-

-

-

-

-

-

-

-

-

-

-

0

105,057

197,070

274,413

411,615

812,752

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,731

Loss on extinguishment of debt

0

0

0

-910

0

0

-8,676

-4,170

0

0

0

-

-

-

-

0

0

-38,137

0

-

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-897

-

-

Capitalized interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,917

-6,011

-6,023

28,249

6,029

-5,649

-5,260

-5,601

-4,992

Other (income) expense, net

-1,125

2,766

-4,358

2,009

690

-2,895

-100

-517

-462

-204

-974

-228

-499

-1,162

93

-487

-3,516

-281

-6,992

-614

-549

-413

-574

90

28

27

40

13

20

22

212

-878

17

-1

62

6

-51

Total Costs and Expenses

142,716

155,183

261,072

9,543

221,149

228,181

197,469

259,781

173,456

110,177

111,334

144,610

212,664

369,258

392,536

480,512

917,920

196,567

132,964

-40,593

65,724

188,188

146,658

164,893

136,758

75,842

107,928

86,821

71,879

69,012

58,335

50,338

34,751

44,634

34,293

28,588

29,132

Operating Income (Loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,318

14,806

22,380

5,431

16,917

6,038

9,765

1,914

3,790

Accretion related to asset retirement obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86

92

102

19

71

71

74

56

53

Income Before Income Taxes

114,278

109,784

-28,032

263,771

82,226

35,792

27,811

-13,010

7,823

56,306

40,021

-779

-101,487

-261,934

-311,274

-381,090

-811,683

-73,073

-32,914

203,868

130,501

5,287

10,554

-35,165

7,571

58,382

3,973

26,747

-2,537

41,962

15,961

9,773

35,233

11,344

1,795

18,638

2,100

Income tax (expense) benefit

5,977

2,299

-179,395

3,491

880

483

319

4,030

0

0

0

0

-313

192

121

-419

-102,915

-26,103

-11,438

74,417

47,504

2,073

3,933

-12,950

1,859

22,545

1,449

9,984

-592

16,279

5,285

7,359

13,590

3,602

1,060

5,804

315

Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-380,671

-708,768

-46,970

-21,476

129,451

82,997

3,214

6,621

-22,215

5,712

35,837

2,524

16,763

-1,945

25,683

10,676

-

-

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

506

1,121

838

266

4,808

792

-895

-645

-1,774

-1,191

1,132

23,658

1,727

1,015

2,821

-1,253

-

-

-

-

-

-

Net Income (loss)

108,301

107,485

151,363

260,280

81,346

35,309

27,492

-17,040

7,823

56,306

40,021

-779

-101,174

-262,126

-311,395

-380,165

-707,647

-46,132

-21,210

134,259

83,789

2,319

5,976

-23,989

4,521

36,969

26,182

18,490

-930

28,504

9,423

6,509

21,643

7,742

735

12,834

1,785

Dividends on preferred stock

4,474

4,452

4,360

4,367

4,457

4,474

4,863

5,532

2,249

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion on preferred stock

869

833

801

793

771

740

753

862

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on redemption of preferred stock

0

0

0

0

0

0

-7,133

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income Attributable to Common Shareholders

102,958

102,200

146,202

255,120

76,118

30,095

14,743

-23,434

5,574

56,306

40,021

-

-101,174

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income Attributable to Common Shareholders Per Common Share
Income (Loss) from Continuing Operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13.75

-0.92

-0.46

2.85

1.83

0.07

0.15

-0.55

0.14

0.89

0.06

0.42

-0.05

0.65

0.27

-

-

-

-

-

-

Net income from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

0.02

0.00

0.11

0.02

-0.02

-0.02

-0.07

-0.03

0.03

0.60

0.04

0.03

0.07

-0.03

-

-

-

-

-

-

Increase in fair value of investment in Pinnacle, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16

15

COMPREHENSIVE INCOME (LOSS)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,818

1,800

Income (loss) per share, basic (in dollars per share)

1.11

1.10

1.59

2.97

0.88

0.37

0.18

-0.47

0.07

0.86

0.61

0.25

-1.72

-4.46

-5.34

-7.36

-13.73

-0.90

-0.46

2.96

1.85

0.05

0.13

-0.62

0.11

0.92

0.66

0.46

-0.02

0.72

0.24

0.16

0.56

0.20

0.02

0.37

0.05

Net income (loss) from continuing operations, diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13.75

-0.92

-0.46

2.80

1.80

0.07

0.14

-0.55

0.14

0.88

0.06

0.42

-0.05

0.64

0.27

-

-

-

-

-

-

Net income from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

0.02

0.00

0.10

0.02

-0.02

-0.01

-0.06

-0.03

0.03

0.59

0.04

0.03

0.07

-0.03

-

-

-

-

-

-

Income (loss) per share, diluted (in dollars per share)

1.11

1.10

1.58

2.93

0.85

0.36

0.18

-0.47

0.07

0.85

0.61

0.25

-1.72

-4.46

-5.34

-7.36

-13.73

-0.90

-0.46

2.90

1.82

0.05

0.13

-0.61

0.11

0.91

0.65

0.46

-0.02

0.71

0.24

0.15

0.55

0.20

0.02

0.37

0.05

Weighted Average Common Shares Outstanding
Basic (in shares)

92,561

92,497

91,740

91,709

86,727

82,058

81,542

81,676

81,053

65,767

65,188

63,617

58,945

58,806

58,360

56,657

51,543

51,225

46,403

46,015

45,257

45,213

45,003

42,882

40,386

40,078

39,778

39,689

39,634

39,596

39,445

39,713

38,914

38,898

38,783

34,730

34,060

Diluted (in shares)

92,762

92,700

92,292

93,102

89,039

83,853

82,578

83,148

81,138

65,908

65,778

63,617

58,945

58,806

58,360

56,657

51,543

51,225

46,403

46,755

46,029

46,158

45,834

43,550

40,927

40,610

40,333

40,511

39,634

40,042

39,917

40,401

39,368

39,497

39,406

35,101

34,464

Oil and Condensate
Revenues

236,153

245,212

202,744

232,312

254,525

229,798

194,919

210,234

152,101

142,806

128,092

123,315

95,154

91,608

67,996

86,542

95,237

111,257

83,058

140,882

173,277

165,962

130,362

110,227

117,797

105,805

87,482

-

-

-

-

-

-

-

-

-

-

Natural Gas Liquids
Revenues

12,824

14,159

16,837

24,616

33,798

21,269

16,902

19,727

12,467

7,786

7,425

7,309

5,616

6,063

3,440

4,006

3,330

3,799

4,473

5,381

7,798

5,983

5,888

3,998

6,025

2,766

2,741

-

-

-

-

-

-

-

-

-

-

(Gain) loss on derivatives, net

0

0

6

5,446

-5,086

-6,564

1,765

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Natural Gas, Production
Revenues

8,017

5,596

13,459

16,386

15,052

12,906

13,459

16,810

16,711

15,891

15,838

13,207

10,407

9,653

9,826

8,874

7,670

8,438

12,519

17,012

15,150

21,530

20,962

15,503

20,507

25,653

21,678

-

-

-

-

-

-

-

-

-

-