| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenues: | ||||||||||
Crude oil, natural gas and NGLs sales | ||||||||||
1,307,275 | 1,389,961 | 913,084 | 497,353 | 378,713 | 471,413 | 340,795 | 227,990 | 223,297 | 146,048 | 171,242 |
Sales from natural gas marketing | ||||||||||
- | - | - | - | - | 71,571 | 69,787 | 45,371 | 63,470 | 65,235 | 59,595 |
Commodity price risk management gain (loss), net | ||||||||||
-162,844 | 145,237 | -3,936 | -125,681 | 203,183 | 310,304 | -23,919 | 29,279 | 46,090 | 59,891 | -10,053 |
Other income | ||||||||||
11,692 | 13,461 | 12,468 | 11,243 | 13,430 | 2,919 | 6,002 | 4,496 | 4,432 | 5,441 | 10,092 |
Total revenues | ||||||||||
1,156,123 | 1,548,659 | 921,616 | 382,915 | 595,326 | 856,207 | 392,665 | 307,136 | 337,289 | 276,615 | 230,876 |
Costs, expenses and other: | ||||||||||
Lease operating expenses | ||||||||||
142,248 | 130,957 | 89,641 | 59,950 | 56,992 | 42,402 | 33,817 | - | - | - | - |
Production taxes | ||||||||||
80,754 | 90,357 | 60,717 | 31,410 | 18,443 | 25,615 | 21,758 | - | - | - | - |
Transportation, gathering and processing expenses | ||||||||||
46,353 | 37,403 | 33,220 | 18,415 | 10,151 | 4,592 | 5,152 | - | - | - | - |
Production costs | ||||||||||
- | - | - | - | - | - | - | 49,383 | 44,832 | 29,867 | 62,103 |
Cost of natural gas marketing | ||||||||||
- | - | - | - | - | 72,015 | 70,084 | 45,023 | 62,831 | 64,733 | 57,618 |
Exploration, geologic and geophysical expense | ||||||||||
4,054 | 6,204 | 47,334 | 4,669 | 1,102 | 947 | 6,334 | 18,202 | 5,734 | 9,207 | 14,069 |
Impairment of properties and equipment | ||||||||||
38,536 | 458,397 | 285,887 | 9,973 | 161,620 | 166,847 | 52,873 | 5,020 | 2,301 | 4,370 | 5,034 |
Impairment of goodwill | ||||||||||
0 | 0 | 75,121 | 0 | 0 | - | - | - | - | - | - |
General and administrative expense | ||||||||||
161,753 | 170,504 | 120,370 | 112,470 | 89,959 | 123,559 | 63,715 | 54,817 | 61,454 | 42,188 | 53,985 |
Depreciation, depletion and amortization | ||||||||||
644,152 | 559,793 | 469,084 | 416,874 | 303,258 | 192,528 | 115,624 | 91,111 | 87,633 | 66,118 | 126,755 |
Accretion of asset retirement obligations | ||||||||||
- | - | - | - | - | 3,415 | 4,566 | 3,670 | 1,398 | 1,044 | - |
(Gain) loss on sale of Leaseholds | ||||||||||
- | - | - | - | - | -507 | -2,022 | 183 | 196 | 174 | 470 |
Accretion of asset retirement obligations | ||||||||||
6,117 | 5,075 | 6,306 | 7,080 | 6,293 | - | - | - | - | - | - |
Gain on sale of properties and equipment | ||||||||||
-9,734 | -394 | 766 | 43 | 385 | - | - | - | - | - | - |
Provision for uncollectible notes receivable | ||||||||||
0 | 0 | -40,203 | 44,038 | 0 | 0 | - | - | - | - | - |
Other expenses | ||||||||||
11,317 | 11,829 | 13,157 | 10,193 | 11,717 | - | - | - | - | - | - |
Total cost, expenses and other | ||||||||||
1,145,018 | 1,470,913 | 1,159,868 | 715,029 | 659,150 | 632,427 | 375,945 | 267,043 | 265,987 | 217,353 | 319,094 |
Income (loss) from operations | ||||||||||
11,105 | 77,746 | -238,252 | -332,114 | -63,824 | 223,780 | 16,720 | 40,093 | 71,302 | 59,262 | -88,218 |
Loss on extinguishment of debt | ||||||||||
0 | 0 | -24,747 | 0 | 0 | - | - | -23,283 | 0 | 0 | - |
Interest expense | ||||||||||
71,171 | 70,730 | 78,694 | 61,972 | 47,571 | 47,842 | 50,143 | 47,505 | 36,985 | 33,250 | 37,208 |
Interest income | ||||||||||
72 | 413 | 2,261 | 963 | 4,807 | 1,290 | 460 | 7 | 47 | 71 | 254 |
Income (loss) before income taxes | ||||||||||
-59,994 | 7,429 | -339,432 | -393,123 | -106,588 | 177,228 | -32,963 | -30,688 | 34,364 | 26,083 | -125,172 |
Income tax (expense) benefit | ||||||||||
-3,322 | 5,406 | -211,928 | -147,195 | -38,308 | 69,967 | -11,852 | -11,333 | 11,800 | - | -45,054 |
Provision for income taxes | ||||||||||
- | - | - | - | - | - | - | - | - | 8,019 | - |
Income (loss) from continuing operations | ||||||||||
- | - | - | - | - | 107,261 | -21,111 | -19,355 | 22,564 | 18,064 | -80,118 |
Income (loss) from discontinued operations, net of tax | ||||||||||
- | - | - | - | - | 48,174 | -1,190 | -111,357 | -9,127 | -12,130 | -975 |
Net income (loss) | ||||||||||
- | - | - | - | - | - | - | - | - | 5,934 | -81,093 |
Less: net loss attributable to noncontrolling interests | ||||||||||
- | - | - | - | - | - | - | - | - | -280 | -1,816 |
Net Income (Loss) Attributable to Parent | ||||||||||
-56,672 | 2,023 | -127,504 | -245,928 | -68,280 | 155,435 | -22,301 | -130,712 | 13,437 | 6,214 | -79,277 |
Amounts attributable to Petroleum Development Corporation shareholders: | ||||||||||
Income (loss) from continuing operations | ||||||||||
- | - | - | - | - | - | - | - | - | 18,344 | -78,302 |
Income (loss) from discontinued operations, net of tax | ||||||||||
- | - | - | - | - | - | - | - | - | -12,130 | -975 |
Net income (loss) attributable to shareholders | ||||||||||
-56,672 | 2,023 | -127,504 | -245,928 | -68,280 | - | - | - | - | 6,214 | -79,277 |
Earnings per share: | ||||||||||
Basic | ||||||||||
Income (loss) from continuing operations | ||||||||||
- | - | - | - | - | 3.00 | -0.65 | -0.70 | 0.96 | 0.94 | -4.76 |
Income (loss) from discontinued operations | ||||||||||
- | - | - | - | - | 1.34 | -0.04 | -4.02 | -0.39 | -0.62 | -0.06 |
Basic | ||||||||||
-0.89 | 0.03 | -1.94 | -5.01 | -1.74 | 4.34 | -0.69 | -4.72 | 0.57 | 0.32 | -4.82 |
Diluted | ||||||||||
Income (loss) from continuing operations | ||||||||||
- | - | - | - | - | 2.93 | -0.65 | -0.70 | 0.95 | 0.92 | -4.76 |
Income (loss) from discontinued operations | ||||||||||
- | - | - | - | - | 1.31 | -0.04 | -4.02 | -0.39 | -0.61 | -0.06 |
Diluted | ||||||||||
-0.89 | 0.03 | -1.94 | -5.01 | -1.74 | 4.24 | -0.69 | -4.72 | 0.56 | 0.31 | -4.82 |
Weighted-average common shares outstanding | ||||||||||
Basic | ||||||||||
64,032 | 66,059 | 65,837 | 49,052 | 39,153 | 35,784 | 32,426 | 27,677 | 23,521 | 19,674 | 16,448 |
Diluted | ||||||||||
64,032 | 66,303 | 65,837 | 49,052 | 39,153 | 36,678 | 32,426 | 27,677 | 23,871 | 19,821 | 16,448 |