Denbury resources inc. (DNR)
Income statement / Quarterly
Mar'20Dec'19Sep'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'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09Sep'08Jun'08
Revenues and other income

242,201

310,613

315,453

343,365

305,452

338,355

394,973

387,063

353,234

326,589

266,559

261,184

275,454

271,619

253,985

255,148

194,844

269,617

303,600

376,694

307,649

483,684

637,657

672,120

641,744

599,122

684,835

650,084

583,086

609,204

600,371

601,781

645,116

617,257

576,505

601,397

514,165

519,057

466,703

497,210

438,821

227,249

217,392

407,474

417,985

Revenues

-

-

-

-

-

-

-

-

-

-

-

257,435

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenses
Gain on sale of interests in Genesis

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-3

-28

101,568

-

-

-

-

Taxes other than income

19,686

22,440

22,010

25,517

23,785

22,773

27,344

27,234

27,319

24,359

20,233

20,175

22,440

17,895

20,401

19,504

20,092

24,151

25,607

33,555

26,679

32,940

39,966

50,850

45,945

44,013

49,267

44,940

38,011

37,498

40,012

38,812

43,694

39,239

36,180

39,632

32,483

27,582

35,542

38,100

19,317

10,461

10,784

17,104

18,688

General and administrative expenses

9,733

28,332

18,266

17,506

18,925

10,272

21,579

19,412

20,232

20,503

27,273

25,789

28,241

28,837

24,643

22,545

33,901

27,430

32,907

37,947

46,280

35,332

40,366

38,952

43,693

33,971

35,969

33,382

41,889

34,388

38,198

34,826

36,607

27,884

26,613

28,709

42,319

33,105

37,115

31,192

32,709

24,038

33,135

15,005

14,811

Interest, net of amounts capitalized of $9,452 and $10,534, respectively

19,946

20,960

22,858

20,416

17,398

17,714

18,527

16,208

17,239

23,478

24,546

24,061

27,178

22,138

24,778

36,058

42,171

40,081

39,225

39,863

40,099

42,867

44,752

46,550

48,834

39,572

34,501

30,602

36,034

37,836

37,827

41,604

36,314

35,717

37,617

42,249

48,777

52,883

53,331

43,483

26,416

9,859

14,904

10,906

8,141

Depreciation, Depletion and Amortization

96,862

63,191

55,064

58,264

57,297

59,738

51,316

52,944

52,451

53,265

52,101

51,152

51,195

647,124

55,012

66,541

77,366

112,356

121,406

147,940

149,958

157,118

146,560

148,164

141,130

144,543

125,595

126,907

112,898

117,419

136,935

132,289

120,895

110,129

101,978

103,495

93,594

111,624

111,602

129,209

81,872

53,525

61,695

56,324

54,733

Commodity derivatives expense (income)

146,771

-54,616

43,155

24,760

-83,377

210,688

-44,577

-96,199

-48,825

-87,288

-25,263

10,373

24,602

-28,133

21,224

-98,209

-22,826

21,821

92,028

-48,926

83,076

554,430

252,265

-174,771

-76,669

5,850

-80,446

45,501

-11,929

-27,369

-61,631

139,109

-45,275

-159,811

210,154

172,904

-170,750

-114,212

-31,854

128,674

41,225

-3,757

-152,789

62,007

-58,817

Gain on debt extinguishment

18,994

49,778

5,874

100,346

0

-

0

0

-

-

-

-

-

0

7,826

12,278

94,991

0

0

0

0

-

0

-113,908

-

0

0

-428

-44,223

0

0

0

0

0

0

-348

-15,783

-

0

0

-

-

-

-

-

Abandoned acquisition costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,426

-

Write-down of oil and natural gas properties

72,500

-

-

-

0

-

-

-

-

-

-

-

-

0

75,521

479,400

256,000

1,327,000

1,760,600

1,705,800

146,200

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,261,512

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transaction and other costs related to the Encore Merger

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,018

11,470

22,784

44,999

-

-

-

-

Impairment of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

215

17,300

22,951

0

0

0

-

-

-

-

-

-

-

-

Other expenses

2,494

2,523

2,140

2,386

4,138

74,839

2,980

4,178

2,328

11,455

0

0

0

1,170

0

34,688

1,544

9,599

0

0

0

-

-

-

-

5,950

1,474

10,711

2,107

-1,381

0

12,552

10,720

0

0

2,018

2,359

-

-

-

-

-

-

-

-

Total expenses

178,801

274,850

205,541

131,296

341,885

115,710

300,938

347,410

299,636

333,478

280,346

236,512

232,950

868,890

293,140

858,756

475,157

1,663,719

3,278,606

2,161,361

479,856

-97,516

201,339

760,184

548,641

469,348

525,470

438,778

441,151

413,839

460,992

258,980

465,804

537,388

133,185

177,595

537,111

500,357

415,170

265,518

261,676

185,987

358,060

156,537

234,310

Income (loss) before income taxes

63,400

35,763

109,912

212,069

-36,433

222,645

94,035

39,653

53,598

-6,889

-13,787

24,672

42,504

-597,271

-39,155

-603,608

-280,313

-1,394,102

-2,975,006

-1,784,667

-172,207

581,200

436,318

-88,064

93,103

129,774

159,365

211,306

141,935

195,365

139,379

342,801

179,312

79,869

443,320

423,802

-22,946

18,700

51,533

231,692

177,145

41,262

-140,668

253,717

183,675

Income tax benefit

-10,616

12,684

37,050

65,377

-10,759

48,166

15,616

9,431

14,020

-133,670

-14,229

10,273

20,974

-211,545

-14,565

-222,940

-95,120

-509,025

-730,880

-636,168

-64,461

217,567

167,570

-32,864

34,793

39,782

57,311

81,326

54,364

80,704

54,012

130,936

65,845

-

167,650

-

-

-

-

-

-

-

-

-

-

Consolidated net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,760

31,234

150,329

100,204

26,885

-87,240

-

-

Net income attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,604

2,130

14,962

3,316

-

-

-

-

Equity in net income (loss) of Genesis

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,780

-

Current income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,028

-848

-

3,704

6,941

669

-6,160

24,127

12,689

10,844

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

152,528

-7,908

-

16,595

74,422

76,272

20,537

-77,555

83,480

58,778

Net Income (Loss) Attributable to Parent

74,016

23,079

72,862

146,692

-25,674

174,479

78,419

30,222

39,578

126,781

442

14,399

21,530

-385,726

-24,590

-380,668

-185,193

-885,077

-2,244,126

-1,148,499

-107,746

363,633

268,748

-55,200

58,310

89,992

102,054

129,980

87,571

114,661

85,367

211,865

113,467

52,607

275,670

259,246

-14,190

10,364

29,104

135,367

96,888

26,885

-87,240

157,548

114,053

Earnings Per Share [Abstract]
Basic

0.15

0.05

0.16

0.32

-0.06

0.41

0.17

0.07

0.10

0.32

0.00

0.04

0.06

-0.99

-0.06

-1.03

-0.53

-2.57

-6.41

-3.28

-0.31

1.04

0.77

-0.16

0.17

0.25

0.28

0.35

0.24

0.30

0.22

0.55

0.29

0.15

0.69

0.65

-0.04

-0.01

0.07

0.34

0.33

0.11

-0.35

0.64

0.47

Diluted

0.14

0.05

0.14

0.32

-0.06

0.38

0.17

0.07

0.09

0.32

0.00

0.04

0.05

-0.99

-0.06

-1.03

-0.53

-2.57

-6.41

-3.28

-0.31

1.03

0.77

-0.16

0.17

0.25

0.28

0.35

0.23

0.30

0.22

0.54

0.29

0.15

0.68

0.64

-0.04

-0.01

0.07

0.34

0.32

0.11

-0.35

0.63

0.45

Dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.06

0.06

0.06

0.00

0.06

0.06

0.06

0.00

0.00

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average common shares outstanding
Weighted Average Number of Shares Outstanding, Basic

494,259

478,277

455,487

452,612

451,720

452,467

451,256

433,467

392,742

392,398

392,013

389,904

389,397

389,063

388,572

370,566

347,235

344,429

350,052

350,039

350,688

348,844

348,454

347,803

350,747

362,302

366,088

368,850

369,396

379,782

387,512

387,159

386,367

389,035

399,040

398,631

397,386

397,900

395,913

395,548

294,143

246,795

246,084

244,426

243,623

Weighted Average Number of Shares Outstanding, Diluted

586,190

575,012

547,205

467,427

451,720

457,518

458,450

457,165

451,543

405,837

393,023

391,827

392,997

389,063

388,572

370,566

347,235

344,429

350,052

350,039

350,688

353,022

350,918

347,803

352,925

365,530

369,142

371,969

372,867

383,198

390,909

390,702

390,943

399,216

403,311

403,919

397,386

403,836

401,093

400,867

299,224

252,189

246,084

251,831

252,401

Oil, natural gas, and related product sales
Revenues and other income

229,624

293,830

293,192

330,421

294,577

327,375

379,628

375,565

340,021

313,578

259,030

250,880

266,178

261,350

239,930

246,668

187,803

258,277

290,388

366,891

297,470

469,593

622,005

657,029

623,846

587,590

666,803

638,188

573,653

596,069

588,156

592,141

633,501

606,337

565,523

591,099

506,192

513,593

460,785

488,028

330,886

221,321

211,552

402,108

413,243

Operating expenses

109,270

116,015

117,850

117,932

125,423

128,453

122,527

120,384

118,356

104,873

117,768

111,318

113,840

105,949

106,522

100,019

102,447

127,887

113,902

132,170

141,084

158,732

155,198

163,250

170,379

188,507

180,967

220,558

140,542

139,399

130,485

124,511

137,964

124,230

133,285

126,085

123,797

114,633

131,768

127,743

96,220

83,300

83,658

85,308

76,825

CO2
Revenues and other income

8,028

8,610

8,976

7,986

8,570

8,729

8,149

6,715

7,552

7,649

6,590

6,555

5,388

5,669

6,253

6,622

6,272

7,358

9,144

7,152

6,972

10,682

11,378

11,822

10,761

8,091

6,739

6,562

6,558

7,197

7,160

5,301

6,795

5,903

6,541

5,343

4,924

5,364

4,653

4,690

4,497

3,659

2,884

3,471

3,383

Operating expenses

752

906

879

581

556

1,146

708

500

462

647

1,346

513

593

835

861

1,071

607

1,648

1,017

945

947

2,993

11,434

5,590

5,205

5,655

4,120

3,419

3,722

6,251

1,176

1,062

6,205

9,369

1,250

1,693

1,946

2,264

2,488

1,681

1,368

1,047

1,095

1,240

453

Purchased oil sales
Revenues and other income

3,721

5,924

5,468

2,591

215

-

265

346

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses

3,661

5,911

5,436

2,564

213

-

264

289

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income
Revenues and other income

828

2,249

7,817

2,367

2,090

941

6,931

4,437

5,661

1,644

939

3,749

3,888

4,600

7,802

1,858

769

3,982

4,068

2,651

3,207

3,409

4,274

3,269

7,137

3,441

11,293

5,334

2,875

5,938

5,055

4,339

4,820

5,017

4,441

4,955

3,049

100

1,268

4,520

1,870

2,269

2,956

1,895

1,359

Transportation and marketing
Operating expenses

9,621

9,734

10,067

11,236

10,773

10,340

11,116

10,062

12,424

4,306

11,816

13,877

14,065

16,809

14,452

12,999

13,194

15,388

14,458

14,215

11,685

14,116

15,328

18,149

16,786

12,987

13,131

13,332

9,796

15,060

14,728

12,218

10,830

8,058

6,416

6,270

5,303

-

-

-

-

-

-

2,231

1,842