Pdc energy, inc. (PDCE)
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'11Sep'10Jun'10
Revenues:
Crude oil, natural gas and NGLs sales

320,315

339,811

307,409

338,956

321,099

386,364

372,439

325,933

305,225

277,057

232,733

213,602

189,692

169,340

141,805

110,841

75,367

103,193

104,483

96,928

74,109

99,857

120,526

131,017

120,013

113,810

77,340

73,695

75,950

67,773

52,291

51,342

66,955

68,213

57,840

53,424

43,820

47,295

48,729

Sales from natural gas marketing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,584

2,580

2,523

3,233

8,922

13,297

22,415

26,937

21,092

16,946

18,079

13,670

14,199

11,178

8,613

11,381

14,504

16,436

18,084

14,446

18,337

12,589

Commodity price risk management gain (loss), net

434,698

-74,986

54,867

47,349

-190,074

402,997

-94,394

-116,126

-47,240

-90,394

-52,178

57,932

80,704

-63,333

19,397

-92,801

11,056

62,013

123,549

-49,041

66,662

297,643

90,213

-52,643

-24,909

-1,844

-24,138

21,828

-19,765

14,052

-31,943

38,729

11,501

2,729

46,706

20,537

-23,882

19,029

12,257

Other income

2,017

197

3,667

4,353

3,475

5,450

2,672

2,724

2,615

2,853

2,680

3,624

3,311

2,090

2,688

2,057

4,408

844

488

550

628

1,269

520

514

616

2,321

1,667

954

1,060

1,115

1,194

1,056

1,169

1,072

1,126

1,149

1,085

2,159

2,148

Total revenues

757,030

265,022

365,943

390,658

134,500

794,811

280,717

212,531

260,600

189,516

183,235

275,158

273,707

108,097

163,890

20,097

90,831

168,634

231,100

50,960

144,632

407,691

224,556

101,303

122,657

135,379

71,815

114,556

70,915

97,139

32,720

99,740

91,006

86,518

122,108

93,194

35,469

86,820

75,723

Costs, expenses and other:
Lease operating expenses

49,534

36,201

36,498

34,328

35,221

36,015

33,046

32,260

29,636

24,471

25,353

20,028

19,789

16,944

14,001

13,675

15,330

14,244

13,825

12,639

16,285

11,050

11,020

11,961

8,371

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Production taxes

18,470

22,905

13,039

22,642

22,168

23,600

23,984

22,604

20,169

17,760

15,516

15,042

12,399

11,728

9,568

6,043

4,071

5,237

5,476

3,837

3,893

2,950

8,724

7,551

6,390

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transportation, gathering and processing expenses

13,496

11,722

10,999

12,208

11,424

11,892

9,234

8,964

7,313

11,036

9,794

6,488

5,902

4,861

5,048

4,465

4,041

3,567

3,938

1,308

1,338

1,331

1,208

818

1,235

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Production costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,159

17,036

14,274

14,381

13,594

15,797

12,373

12,936

13,455

10,808

9,883

10,686

16,524

16,004

Cost of natural gas marketing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,842

2,781

2,836

3,258

9,370

13,347

22,428

26,870

21,156

17,127

18,065

13,736

14,182

11,260

8,490

11,091

14,496

16,526

17,485

14,324

18,300

12,207

Exploration, geologic and geophysical expense

136

562

209

640

2,643

1,651

1,032

875

2,646

3,439

41,908

1,033

954

3,981

241

237

210

290

252

275

285

174

190

276

307

1,687

1,841

1,266

1,540

14,875

1,773

2,374

1,872

2,100

1,031

1,109

1,494

3,712

3,830

Impairment of properties and equipment

881,074

1,515

167

28,979

7,875

264,167

1,488

159,554

33,188

3,388

252,740

27,566

2,193

3,869

933

4,170

1,001

413

154,031

4,404

2,772

161,914

1,962

2,019

952

715

4,236

1,298

46,260

4,563

388

356

588

1,090

384

376

451

-

-

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

75,121

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expense

62,165

38,256

41,091

42,808

39,598

49,321

48,240

37,247

35,696

35,225

29,299

29,531

26,315

33,602

32,510

23,579

22,779

27,908

20,277

20,728

21,045

20,989

36,328

41,713

24,529

16,018

15,052

14,849

14,037

16,019

13,710

14,378

14,708

14,389

13,683

19,509

13,873

10,426

9,855

Depreciation, depletion and amortization

176,157

152,368

171,839

168,523

151,422

149,841

147,540

135,624

126,788

108,517

125,238

126,013

109,316

99,545

112,927

107,014

97,388

96,385

80,947

70,106

55,820

50,363

49,640

49,636

42,889

37,748

26,957

25,488

25,431

24,906

22,121

23,839

27,912

25,942

21,360

20,574

19,757

28,024

26,945

Accretion of asset retirement obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,551

-

-

-

873

861

840

841

1,075

1,181

1,167

1,143

1,127

1,101

732

727

555

292

276

275

-

-

(Gain) loss on sale of Leaseholds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

83

-

-

-

70

-21

23

-579

-2,153

100

1

30

445

1,508

2,246

154

164

32

0

0

57

96

Accretion of asset retirement obligations

2,620

1,614

1,356

1,563

1,584

1,302

1,200

1,285

1,288

1,400

1,472

1,666

1,768

1,680

1,777

1,811

1,812

1,551

1,594

1,588

1,560

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of properties and equipment

179

-135

-43,872

33,904

369

2,805

-2,118

351

-1,432

12

62

532

160

0

219

-260

84

83

74

207

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for uncollectible notes receivable

-

-

-

-

-

-

-

-

-

-

0

-40,203

-

0

-700

0

44,738

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expenses

2,144

2,435

2,492

2,836

3,554

3,642

2,711

2,708

2,768

2,792

2,947

3,890

3,528

2,398

3,092

2,125

2,578

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost, expenses and other

1,205,617

267,713

321,562

280,623

275,120

538,626

270,593

400,770

260,924

208,016

579,326

190,522

182,004

178,608

179,178

163,379

193,864

152,354

283,047

117,514

106,235

258,944

123,301

137,219

112,963

99,711

83,330

76,406

116,498

88,821

64,642

60,296

69,680

71,863

64,052

69,212

60,860

76,929

68,745

Income (loss) from operations

-448,587

-2,691

44,381

110,035

-140,620

256,185

10,124

-188,239

-324

-18,500

-396,091

84,636

91,703

-70,511

-15,288

-143,282

-103,033

16,280

-51,947

-66,554

38,397

148,747

101,255

-35,916

9,694

35,668

-11,515

38,150

-45,583

8,318

-31,922

39,444

21,326

14,655

58,056

23,982

-25,391

9,891

6,978

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23,283

0

0

0

-

-

-

-

-

-

Interest expense

24,173

17,439

17,859

18,905

16,968

18,169

17,622

17,410

17,529

20,335

19,275

19,617

19,467

19,213

20,193

10,672

11,894

12,187

12,092

11,567

11,725

11,643

11,821

12,195

12,183

12,260

11,957

12,838

13,088

16,430

11,360

10,053

10,444

9,360

9,496

9,067

9,062

8,174

7,672

Interest income

-

-

48

5

-

8

188

69

148

774

479

768

240

-912

140

177

1,558

1,181

1,378

1,135

1,113

981

39

83

187

327

130

3

0

3

3

0

2

0

36

2

9

21

34

Income (loss) before income taxes

-472,760

-20,111

26,570

91,135

-157,588

238,024

-7,310

-205,580

-17,705

-62,808

-414,887

65,787

72,476

-90,636

-35,341

-153,777

-113,369

5,274

-62,661

-76,986

27,785

138,085

89,473

-48,028

-2,302

23,735

-23,342

25,315

-58,671

-31,392

-43,279

29,391

10,884

-

-

-

-

1,738

-660

Income tax (expense) benefit

-7,745

841

10,662

22,587

-37,412

59,171

-3,876

-45,323

-4,566

-140,445

-122,350

24,537

26,330

-34,997

-12,032

-58,327

-41,839

2,252

-21,167

-30,116

10,723

54,115

35,396

-18,650

-894

8,937

-9,435

9,444

-20,798

-11,766

-15,268

10,213

4,120

-

-

-

-

-1,156

-238

Provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,947

18,651

4,307

-13,105

-

-

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,022

-

-

-

83,970

54,077

-29,378

-1,408

14,798

-13,907

15,871

-37,873

-19,626

-28,011

19,178

6,764

3,348

29,945

10,610

-21,339

2,894

-422

Income (loss) from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

47,782

-80

1,191

-719

-1,599

-2,093

4,047

-1,545

-106,549

-4,632

-6,907

9,071

-11,712

2,615

-1,445

1,415

460

-2,313

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,354

-2,735

Less: net loss attributable to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

-6

Net Income (Loss) Attributable to Parent

-465,015

-20,952

15,908

68,548

-120,176

178,853

-3,434

-160,257

-13,139

77,637

-292,537

41,250

46,146

-55,639

-23,309

-95,450

-71,530

3,022

-41,494

-46,870

17,062

131,752

53,997

-28,187

-2,127

13,199

-16,000

19,918

-39,418

-126,175

-32,643

12,271

15,835

-8,364

32,560

9,165

-19,924

3,359

-2,729

Amounts attributable to Petroleum Development Corporation shareholders:
Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,899

-416

Income (loss) from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

460

-2,313

Net income (loss) attributable to shareholders

-465,015

-20,952

15,908

68,548

-120,176

178,853

-3,434

-160,257

-13,139

77,637

-292,537

41,250

46,146

-

-23,309

-95,450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,364

32,560

9,165

-19,924

3,359

-2,729

Earnings per share:
Basic
Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.08

-

-

-

2.34

1.51

-0.82

-0.04

0.42

-0.42

0.53

-1.25

-0.65

-0.93

0.72

0.29

0.15

1.27

0.45

-0.91

0.15

-0.03

Income (loss) from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-

-

1.33

0.00

0.03

-0.02

-0.04

-0.06

0.13

-0.05

-3.52

-0.15

-0.26

0.38

-0.50

0.11

-0.06

0.06

0.02

-0.12

Basic

-4.94

-0.36

0.25

1.04

-1.82

2.71

-0.05

-2.43

-0.20

1.17

-4.44

0.63

0.70

-0.77

-0.48

-2.04

-1.72

0.08

-1.04

-1.17

0.47

3.67

1.51

-0.79

-0.06

0.38

-0.48

0.66

-1.30

-4.17

-1.08

0.46

0.67

-0.35

1.38

0.39

-0.85

0.17

-0.15

Diluted
Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.07

-

-

-

2.32

1.47

-0.82

-0.04

0.40

-0.42

0.51

-1.25

-0.65

-0.93

0.72

0.28

0.15

1.26

0.45

-0.91

0.15

-0.03

Income (loss) from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-

-

1.32

0.00

0.03

-0.02

-0.04

-0.06

0.13

-0.05

-3.52

-0.15

-0.26

0.38

-0.50

0.11

-0.07

0.06

0.02

-0.12

Diluted

-4.94

-0.36

0.25

1.04

-1.82

2.71

-0.05

-2.43

-0.20

1.18

-4.44

0.62

0.70

-0.77

-0.48

-2.04

-1.72

0.07

-1.04

-1.17

0.46

3.64

1.47

-0.79

-0.06

0.36

-0.48

0.64

-1.30

-4.17

-1.08

0.46

0.66

-0.35

1.37

0.38

-0.85

0.17

-0.15

Weighted-average common shares outstanding
Basic

94,077

61,584

62,547

65,815

66,182

66,140

66,073

66,066

65,957

65,875

65,865

65,859

65,749

59,019

48,839

46,742

41,608

40,094

40,085

40,035

36,349

35,847

35,834

35,762

35,690

35,620

33,413

30,332

30,270

30,233

30,214

26,597

23,609

23,592

23,569

23,491

23,428

19,250

19,213

Diluted

94,077

61,425

62,595

65,926

66,182

67,116

66,073

66,066

65,957

65,347

65,865

66,019

66,117

59,019

48,839

46,742

41,608

41,264

40,085

40,035

36,981

36,146

36,828

35,762

35,690

36,836

33,413

31,014

30,270

30,233

30,214

26,728

23,889

23,592

23,783

23,723

23,428

19,406

19,213