Pdc energy, inc. (PDCE)
Income statement / TTM
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

1,306,491

1,307,275

1,353,828

1,418,858

1,405,835

1,389,961

1,280,654

1,140,948

1,028,617

913,084

805,367

714,439

611,678

497,353

431,206

393,884

379,971

378,713

375,377

391,420

425,509

471,413

485,366

442,180

384,858

340,795

294,758

269,709

247,356

238,361

238,801

244,350

246,432

223,297

202,379

193,268

0

0

0

Sales from natural gas marketing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,920

17,258

27,975

47,867

71,571

83,741

87,390

83,054

69,787

62,894

57,126

47,660

45,371

45,676

50,934

60,405

63,470

67,303

63,456

0

0

0

Commodity price risk management gain (loss), net

461,928

-162,844

315,139

165,878

2,403

145,237

-348,154

-305,938

-131,880

-3,936

23,125

94,700

-56,033

-125,681

-335

103,817

147,577

203,183

438,813

405,477

401,875

310,304

10,817

-103,534

-29,063

-23,919

-8,023

-15,828

1,073

32,339

21,016

99,665

81,473

46,090

62,390

27,941

0

0

0

Other income

10,234

11,692

16,945

15,950

14,321

13,461

10,864

10,872

11,772

12,468

11,705

11,713

10,146

11,243

9,997

7,797

6,290

2,510

2,935

2,967

2,931

2,919

3,971

5,118

5,558

6,002

4,796

4,323

4,425

4,534

4,491

4,423

4,516

4,432

5,519

6,541

0

0

0

Total revenues

1,778,653

1,156,123

1,685,912

1,600,686

1,422,559

1,548,659

943,364

845,882

908,509

921,616

840,197

820,852

565,791

382,915

443,452

510,662

541,525

595,326

834,383

827,839

878,182

856,207

583,895

431,154

444,407

392,665

354,425

315,330

300,514

320,605

309,984

399,372

392,826

337,289

337,591

291,206

0

0

0

Costs, expenses and other:
Lease operating expenses

156,561

142,248

142,062

138,610

136,542

130,957

119,413

111,720

99,488

89,641

82,114

70,762

64,409

59,950

57,250

57,074

56,038

56,993

53,799

50,994

50,316

42,402

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Production taxes

77,056

80,754

81,449

92,394

92,356

90,357

84,517

76,049

68,487

60,717

54,685

48,737

39,738

31,410

24,919

20,827

18,621

18,443

16,156

19,404

23,118

25,615

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transportation, gathering and processing expenses

48,425

46,353

46,523

44,758

41,514

37,403

36,547

37,107

34,631

33,220

27,045

22,299

20,276

18,415

17,121

16,011

12,854

10,151

7,915

5,185

4,695

4,592

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Production costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64,850

59,285

58,046

56,145

54,700

54,561

49,572

47,082

44,832

47,901

53,097

0

0

0

Cost of natural gas marketing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,717

18,245

28,811

48,403

72,015

83,801

87,581

83,218

70,084

63,110

57,243

47,668

45,023

45,337

50,603

59,598

62,831

66,635

62,316

0

0

0

Exploration, geologic and geophysical expense

1,547

4,054

5,143

5,966

6,201

6,204

7,992

48,868

49,026

47,334

47,876

6,209

5,413

4,669

978

989

1,027

1,102

986

924

925

947

2,460

4,111

5,101

6,334

19,522

19,454

20,562

20,894

8,119

7,377

6,112

5,734

7,346

10,145

0

0

0

Impairment of properties and equipment

911,735

38,536

301,188

302,509

433,084

458,397

197,618

448,870

316,882

285,887

286,368

34,561

11,165

9,973

6,517

159,615

159,849

161,620

323,121

171,052

168,667

166,847

5,648

7,922

7,201

52,509

56,357

52,509

51,567

5,895

2,422

2,418

2,438

2,301

0

0

0

-

-

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expense

184,320

161,753

172,818

179,967

174,406

170,504

156,408

137,467

129,751

120,370

118,747

121,958

116,006

112,470

106,776

94,543

91,692

89,958

83,039

99,090

120,075

123,559

118,588

97,312

70,448

59,956

59,957

58,615

58,144

58,815

57,185

57,158

62,289

61,454

57,491

53,663

0

0

0

Depreciation, depletion and amortization

668,887

644,152

641,625

617,326

584,427

559,793

518,469

496,167

486,556

469,084

460,112

447,801

428,802

416,874

413,714

381,734

344,826

303,258

257,236

225,929

205,459

192,528

179,913

157,230

133,082

115,624

102,782

97,946

96,297

98,778

99,814

99,053

95,788

87,633

89,715

95,300

0

0

0

Accretion of asset retirement obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

3,415

3,617

3,937

4,264

4,566

4,618

4,538

4,103

3,687

3,115

2,306

1,850

1,398

0

0

0

-

-

(Gain) loss on sale of Leaseholds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-507

-2,730

-2,609

-2,631

-2,022

576

1,984

4,229

4,353

4,072

2,596

350

196

89

153

0

0

0

Accretion of asset retirement obligations

7,153

6,117

5,805

5,649

5,371

5,075

5,173

5,445

5,826

6,306

6,586

6,891

7,036

7,080

6,951

6,768

6,545

6,293

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of properties and equipment

-9,924

-9,734

-6,794

34,960

1,407

-394

-3,187

-1,007

-826

766

754

911

119

43

126

-19

448

385

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for uncollectible notes receivable

-

-

-

-

-

-

-

-

-

-

0

0

-

44,038

44,038

44,738

44,738

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expenses

9,907

11,317

12,524

12,743

12,615

11,829

10,979

11,215

12,397

13,157

12,763

12,908

11,143

10,193

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost, expenses and other

2,075,515

1,145,018

1,415,931

1,364,962

1,485,109

1,470,913

1,140,303

1,449,036

1,238,788

1,159,868

1,130,460

730,312

703,169

715,029

688,775

792,644

746,779

659,150

765,740

605,994

625,699

632,427

473,194

433,223

372,410

375,945

365,055

346,367

330,257

283,439

266,481

265,891

274,807

265,987

271,053

275,746

0

0

0

Income (loss) from operations

-296,862

11,105

269,981

235,724

-62,550

77,746

-196,939

-603,154

-330,279

-238,252

-290,263

90,540

-137,378

-332,114

-245,323

-281,982

-205,254

-63,824

68,643

221,845

252,483

223,780

110,701

-2,069

71,997

16,720

-10,630

-31,037

-29,743

37,166

43,503

133,481

118,019

71,302

66,538

15,460

0

0

0

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23,283

0

0

0

-

-

-

-

-

-

Interest expense

78,376

71,171

71,901

71,664

70,169

70,730

72,896

74,549

76,756

78,694

77,572

78,490

69,545

61,972

54,946

46,845

47,740

47,571

47,027

46,756

47,384

47,842

48,459

48,595

49,238

50,143

54,313

53,716

50,931

48,287

41,217

39,353

38,367

36,985

35,799

33,975

0

0

0

Interest income

-

-

71

211

-

413

1,179

1,470

2,169

2,261

575

236

-355

963

3,056

4,294

5,252

4,807

4,607

3,268

2,216

1,290

636

727

647

460

136

9

6

8

5

38

40

47

68

66

0

0

0

Income (loss) before income taxes

-375,166

-59,994

198,141

164,261

-132,454

7,429

-293,403

-700,980

-429,613

-339,432

-367,260

12,286

-207,278

-393,123

-297,213

-324,533

-247,742

-106,588

26,223

178,357

207,315

177,228

62,878

-49,937

23,406

-32,963

-88,090

-108,027

-103,951

-34,396

0

0

0

-

-

-

-

0

0

Income tax (expense) benefit

26,345

-3,322

55,008

40,470

-27,440

5,406

-194,210

-312,684

-242,824

-211,928

-106,480

3,838

-79,026

-147,195

-109,946

-119,081

-90,870

-38,308

13,555

70,118

81,584

69,967

24,789

-20,042

8,052

-11,852

-32,555

-38,388

-37,619

-12,701

0

0

0

-

-

-

-

0

0

Provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,800

0

0

0

-

-

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

107,261

38,089

-29,895

15,354

-21,111

-55,535

-69,639

-66,332

-21,695

1,279

59,235

50,667

22,564

22,110

-8,257

0

0

0

Income (loss) from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

48,174

-1,207

-3,220

-364

-1,190

-106,140

-108,679

-119,633

-109,017

-14,180

-6,933

-1,471

-9,127

3,045

-1,883

0

0

0

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Less: net loss attributable to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net Income (Loss) Attributable to Parent

-401,511

-56,672

143,133

123,791

-105,014

2,023

-99,193

-388,296

-186,789

-127,504

-260,780

8,448

-128,252

-245,928

-187,267

-205,452

-156,872

-68,280

60,450

155,941

174,624

155,435

36,882

-33,115

14,990

-22,301

-161,675

-178,318

-185,965

-130,712

-12,901

52,302

49,196

13,437

25,160

-10,129

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Income (loss) from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net income (loss) attributable to shareholders

-401,511

-56,672

143,133

123,791

-105,014

2,023

-99,193

-388,296

-186,789

-127,504

-228,450

-31,363

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,437

25,160

-10,129

0

0

0

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