Concho Resources Inc. CXO Income Statement

Concho resources inc. (CXO)

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
Operating revenues:
Total operating revenues
922,000	1,246,000	1,115,000	1,127,000	1,104,000	1,067,000	1,192,000	945,000	947,000	780,000	627,000	567,000	612,000	525,000	430,000	396,000	284,000	389,579	463,474	537,425	413,522	594,223	700,263	704,702	660,959	632,086	652,920	562,786	472,127	477,526	465,343	403,161	473,784	356,231	454,468	446,232	360,840	227,164	225,791	199,315	199,173	153,494	127,332
Operating costs and expenses:
Production and ad valorem taxes
74,000	94,000	85,000	84,000	86,000	76,000	89,000	70,000	70,000	59,000	48,000	44,000	48,000	42,000	33,000	33,000	23,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exploration and abandonments
2,719,000	111,000	26,000	17,000	47,000	29,000	10,000	8,000	18,000	17,000	7,000	20,000	15,000	23,000	10,000	21,000	23,000	26,434	14,791	12,020	5,755	214,176	16,982	28,288	25,375	71,752	10,992	8,398	18,407	12,505	6,958	14,398	5,979	6,770	3,498	400	726	4,482	3,617	922	1,109	2,776	1,424
Depreciation, depletion and amortization
524,000	533,000	488,000	478,000	465,000	445,000	406,000	310,000	317,000	298,000	284,000	281,000	283,000	277,000	299,000	281,000	310,000	321,526	329,467	304,802	267,205	264,138	256,765	237,445	221,392	214,833	200,625	188,730	168,420	166,453	148,145	133,267	127,263	95,123	115,730	98,881	90,288	54,093	57,624	49,611	50,159	54,835	52,402
Accretion of discount on asset retirement obligations
2,000	2,000	3,000	2,000	3,000	3,000	3,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	1,000	2,000	2,106	1,853	2,047	1,994	1,910	1,769	1,722	1,671	1,637	1,574	1,442	1,394	1,361	1,084	901	841	274	751	715	704	73	349	316	341	220	301
Impairments of long-lived assets
7,800,000	-79,000	101,000	868,000	0	-	0	0	-	-	-	-	-	0	0	0	1,525,000	53,412	7,588	0	0	-	15,476	-	-	-	0	65,375	-	-	0	0	-	-	0	76	-	5,947	1,922	3,489	256	1,131	4,499
Impairments of goodwill
1,917,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative (including non-cash stock-based compensation of $18 and $24 for the three months ended March 31, 2020 and 2019, respectively)
69,000	72,000	75,000	88,000	91,000	90,000	84,000	72,000	65,000	64,000	64,000	60,000	56,000	66,000	53,000	53,000	54,000	51,224	60,052	60,923	58,801	54,113	52,763	49,535	47,750	44,695	40,836	40,991	43,293	37,802	35,492	32,523	27,979	31,642	22,873	22,618	21,392	19,576	15,285	17,761	13,778	12,715	14,172
Provision for Doubtful Accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	292	6	33	539	-	-
(Gain) loss on derivatives
1,769,000	-450,000	397,000	217,000	-1,059,000	1,625,000	-625,000	-133,000	-35,000	-415,000	-206,000	209,000	286,000	-193,000	41,000	-298,000	81,000	318,929	413,130	-147,399	115,340	364,366	326,229	164,707	35,615	-280,955	168,610	-70,324	59,017	-17,901	135,415	-403,050	158,093	786,596	-385,222	-144,882	-233,142	25,096	-66,107	112,763	15,573	-7,783	-81,606
(Gain) loss on disposition of assets, net
-5,000	-133,000	303,000	-1,000	1,000	81,000	-5,000	1,000	723,000	11,000	13,000	0	654,000	9,000	-1,000	-1,000	111,000	-52,412	32	-1,581	-39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction costs
2,000	0	0	1,000	0	0	23,000	9,000	7,000	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating costs and expenses
11,529,000	1,804,000	293,000	1,532,000	1,950,000	-870,000	1,417,000	742,000	-68,000	962,000	704,000	298,000	-449,000	679,000	428,000	765,000	1,837,000	323,260	138,714	671,037	343,989	346,091	158,251	616,641	458,727	426,407	542,868	341,831	391,376	292,322	415,058	-139,861	401,732	515,128	-158,320	47,385	409,910	265,582	186,672	-4,189	83,939	104,899	180,221
Loss from operations
-10,607,000	-558,000	822,000	-405,000	-846,000	1,937,000	-225,000	203,000	1,015,000	-182,000	-77,000	269,000	1,061,000	-154,000	2,000	-369,000	-1,553,000	66,319	324,760	-133,612	69,533	248,132	542,012	88,061	202,232	205,679	110,052	220,955	80,751	185,204	50,285	543,022	72,052	-158,897	612,788	398,847	-49,070	-38,418	39,119	203,504	115,234	48,595	-52,889
Other income (expense):
Interest expense
42,000	44,000	46,000	48,000	47,000	46,000	46,000	27,000	30,000	28,000	39,000	39,000	40,000	42,000	53,000	55,000	54,000	54,197	53,752	53,482	53,569	52,537	52,601	55,388	56,135	56,401	55,995	54,079	52,106	53,632	51,337	41,899	35,837	34,159	32,881	21,660	29,660	25,794	12,036	11,192	11,065	6,809	6,200
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-65,000	-1,000	-	-	-28,000	0	-	-	0	-	-	-	0	-4,316	-	-	0	-28,616	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Other, net
-195,000	2,000	4,000	303,000	4,000	0	3,000	1,000	104,000	4,000	2,000	16,000	0	5,000	-2,000	0	-7,000	-7,125	524	-4,097	-4,302	3,333	2,155	-9,529	541	-10,007	-1,941	244	-109	-3,670	-3,114	-535	-1,268	616	-2,503	-1,735	-352	-6,415	-3,521	-304	-73	-200	180
Total other expense
-237,000	-42,000	-42,000	255,000	-43,000	-46,000	-43,000	-26,000	74,000	-24,000	-102,000	-24,000	-40,000	-65,000	-83,000	-55,000	-61,000	-61,322	-53,228	-57,579	-57,871	-49,204	-50,446	-69,233	-55,594	-67,676	-57,936	-82,451	-52,215	-57,302	-54,451	-42,434	-37,105	-33,543	-35,384	-23,395	-30,012	-32,209	-15,557	-11,496	-11,138	-7,009	-6,020
Loss before income taxes
-10,844,000	-	-	-	-889,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
-	-	780,000	-150,000	-	1,891,000	-268,000	177,000	1,089,000	-206,000	-179,000	245,000	1,021,000	-219,000	-81,000	-424,000	-1,614,000	4,997	271,532	-191,191	11,662	198,928	491,566	18,828	146,638	138,003	52,116	138,504	28,536	127,902	-4,166	500,588	34,947	-192,440	577,404	375,452	-79,082	-70,627	23,562	192,008	104,096	41,586	-58,909
Income tax benefit
-1,600,000	-129,000	222,000	-53,000	-194,000	378,000	-69,000	40,000	254,000	-473,000	-66,000	93,000	371,000	-94,000	-30,000	-158,000	-594,000	5,685	91,873	-70,708	4,150	69,032	186,363	7,059	55,331	32,214	21,695	53,351	10,977	46,714	-995	191,707	13,615	-72,200	221,199	143,270	-30,469	-16,762	7,392	72,220	38,763	21,824	-25,691
Income Loss From Continuing Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	105,789	30,421	85,153	17,559	81,188	-3,171	308,881	21,332	-120,240	356,205	232,182	-48,613	-53,865	16,170	119,788	65,333	-	-
Income Loss From Discontinued Operations Net Of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-453	12,534	-5,901	9,159	10,416	9,785	37,415	0	0	91,188	45,749	4,605	4,383	2,207	-	-
Net loss
-9,277,000	-471,000	558,000	-97,000	-695,000	1,513,000	-199,000	137,000	835,000	267,000	-113,000	152,000	650,000	-125,000	-51,000	-266,000	-1,020,000	-688	179,659	-120,483	7,512	129,896	305,203	11,769	91,307	105,789	30,421	84,700	30,093	75,287	5,988	319,297	31,117	-82,825	356,205	232,182	42,575	-8,116	20,775	124,171	67,540	19,762	-33,218
Earnings Per Share Basic [Abstract]
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.01	0.29	0.81	0.17	0.78	-0.03	3.00	0.21	-1.16	3.47	2.26	-0.48	-0.65	0.18	1.32	0.74	-	-
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.00	0.00	0.12	-0.06	0.09	0.10	0.09	0.36	0.00	-0.01	0.90	0.51	0.05	0.04	0.02	-	-
Basic net loss (in dollars per share)
-47.49	-2.36	2.78	-0.48	-3.49	7.81	-1.05	0.92	5.60	1.80	-0.77	1.02	4.39	-0.48	-0.38	-2.04	-7.95	0.00	1.49	-1.02	0.07	1.21	2.70	0.11	0.87	1.00	0.29	0.81	0.29	0.72	0.06	3.10	0.30	-0.81	3.47	2.26	0.42	-0.14	0.23	1.36	0.76	0.23	-0.39
Weighted average shares used in basic earnings per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	102,854	102,780	102,733	102,569	102,242	99,111	91,182	91,044	88,831	85,061	84,799
Diluted earnings per share:
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.01	0.29	0.81	0.17	0.78	-0.03	2.97	0.21	-1.15	3.44	2.24	-0.48	-0.64	0.18	1.31	0.72	-	-
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.00	0.00	0.12	-0.06	0.09	0.10	0.09	0.35	0.00	-0.02	0.90	0.50	0.04	0.04	0.03	-	-
Diluted net loss (in dollars per share)
-47.49	-2.36	2.78	-0.48	-3.49	7.80	-1.05	0.92	5.58	1.79	-0.77	1.02	4.37	-0.48	-0.38	-2.04	-7.95	0.01	1.49	-1.02	0.06	1.21	2.69	0.11	0.87	1.00	0.29	0.81	0.29	0.72	0.06	3.07	0.30	-0.82	3.44	2.24	0.42	-0.14	0.22	1.35	0.75	0.23	-0.39
Weighted average shares used in diluted earnings per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	103,770	105,036	103,696	103,638	102,242	100,481	92,440	92,297	90,130	86,088	84,799
Oil
Total operating revenues
872,000	1,119,000	1,023,000	1,049,000	935,000	898,000	957,000	795,000	793,000	631,000	498,000	461,000	502,000	421,000	348,000	339,000	242,000	327,563	391,963	470,890	349,584	492,832	575,611	580,772	539,857	525,546	553,068	466,611	393,208	383,494	380,446	335,095	383,963	270,334	332,659	342,747	282,427	172,728	177,601	159,292	152,788	121,301	101,511
Natural Gas
Total operating revenues
50,000	127,000	92,000	78,000	169,000	169,000	235,000	150,000	154,000	149,000	129,000	106,000	110,000	104,000	82,000	57,000	42,000	62,016	71,511	66,535	63,938	101,391	124,652	123,930	121,102	106,540	99,852	96,175	78,919	94,032	84,897	68,066	89,821	85,897	121,809	103,485	78,413	54,436	48,190	40,023	46,385	32,193	25,821
Oil And Natural Gas Production
Operating costs and expenses
164,000	164,000	190,000	188,000	174,000	174,000	156,000	130,000	130,000	115,000	106,000	100,000	87,000	80,000	71,000	77,000	92,000	-15,925	138,125	142,265	125,535	135,781	140,725	134,944	126,924	127,141	120,231	107,219	100,845	92,102	87,964	82,100	81,577	60,644	84,050	69,577	63,658	31,565	41,762	36,442	33,330	25,439	25,817
Gathering, Processing and Transportation
Operating costs and expenses
50,000	42,000	25,000	22,000	26,000	19,000	16,000	9,000	11,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-