SRC Energy Inc. SRCI Income Statement

Src energy inc. (SRCI)

Income statement / Quarterly

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	Nov'15	Sep'15	Jun'15	Mar'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10
Revenues [Abstract]
Oil, natural gas, and NGL revenues
134,094	162,602	189,455	190,343	160,978	147,087	147,233	140,097	103,593	75,036	43,790	38,695	26,234	23,947	18,273	26,137	33,378	28,286	18,938	42,538	36,253	25,672	23,028	19,266	14,674	12,314	10,921	8,314	6,749	7,522	6,219	4,479	3,602	2,921	2,033	1,443
Sales of purchased oil
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
-	-	-	-	-	-	-	-	-	-	-	-	26,234	23,947	18,273	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,921	2,033	-
Expenses:
Lease operating expenses
13,377	13,230	17,360	13,423	10,360	11,612	7,896	6,488	4,316	4,970	3,722	4,986	3,819	6,845	4,299	3,809	5,078	3,745	4,121	3,041	2,609	2,303	1,806	1,273	1,065	1,048	781	523	164	456	291	301	-647	668	260	202
Transportation and gathering
4,021	4,664	4,054	3,406	1,994	1,880	1,855	2,090	838	48	250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Production taxes
10,843	13,185	7,086	18,505	12,824	15,058	13,443	15,253	10,083	9,464	1,466	3,223	-1,461	2,137	1,833	2,443	3,099	2,579	1,807	4,178	3,020	2,376	2,255	2,016	1,262	1,067	1,094	814	764	703	564	405	-	-	-	-
Costs of purchased oil
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, depletion, and accretion
57,401	58,027	60,918	55,627	45,188	41,877	37,081	38,913	33,740	26,427	13,229	13,677	9,635	11,274	12,092	14,674	18,417	15,737	14,077	16,454	11,852	7,796	7,719	5,591	4,020	3,820	3,176	2,320	1,410	1,834	1,552	1,214	-	-	-	-
Full cost ceiling impairment
-	-	-	-	-	-	-	-	-	-	-	0	25,453	144,149	45,621	125,230	96,340	3,000	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unused commitment charge
-	-	-	-	-	-	-	0	0	0	669	92	205	232	68	1,518	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depletion, depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	775	830	647	584
General and administrative
16,671	9,243	9,469	8,927	10,685	9,406	9,600	8,676	8,484	7,605	8,200	7,346	8,236	7,520	7,443	13,990	5,432	6,242	4,081	4,110	3,263	1,938	1,770	3,168	1,675	1,514	1,388	1,111	998	682	937	940	943	875	439	645
Total expenses
102,313	98,349	98,887	140,599	81,051	79,833	69,875	71,420	57,461	48,514	27,536	29,324	45,887	172,157	71,356	161,664	128,366	31,303	24,086	27,783	20,744	14,413	13,550	12,048	8,022	7,449	6,439	4,768	3,336	3,675	3,344	2,860	2,027	2,374	1,347	1,432
Operating Income (Loss)
31,781	64,253	90,568	49,744	79,927	67,254	77,358	68,677	46,132	26,522	16,254	9,371	-19,653	-148,210	-53,083	-135,527	-94,988	-3,017	-5,148	14,755	15,509	11,259	9,478	7,218	6,652	4,865	4,482	3,546	3,413	3,847	2,875	1,619	1,575	547	686	10
Other income (expense):
Commodity derivative gain (loss)
10,924	8,285	-22,913	52,017	-8,529	-14,294	-5,781	-6,550	-2,383	1,328	3,379	-4,133	407	-5,704	1,680	700	6,619	-4,383	3,461	1,432	-1,094	826	191	398	-3,026	-38	20	0	-	-	-	-	-	-	-	-
Commodity derivatives unrealized gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,492	-	-	-	16,708	-	-179	-1,805	2,636	-	502	-134	0	-	-	0	-	10,229	86	-9,926	-389
Interest expense, net of amounts capitalized
0	0	0	0	0	0	0	11,842	0	0	0	0	0	0	0	-	87	121	39	-	-	0	-	-	-	94	-	-	-	0	-	-	0	950	2,514	782
Interest income
76	92	69	62	23	5	9	316	16	20	11	16	11	157	8	-	15	30	24	-	12	22	17	31	27	5	8	7	11	16	3	8	14	25	15	0
Other income
55	75	61	42	125	6	21	118	83	66	236	47	-1	10	-6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of derivative conversion liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Total other income (expense)
11,055	8,452	-22,783	52,121	-8,381	-14,283	-5,751	-17,958	-2,284	1,414	3,626	-4,070	417	-5,537	1,682	3,192	6,547	-4,474	3,446	18,140	1,096	-983	-1,979	2,269	-3,406	451	-146	7	-	16	3	-	14	-838	-12,424	-1,170
Income before income taxes
42,836	72,705	67,785	101,865	71,546	52,971	71,607	50,719	43,848	27,936	19,880	5,301	-19,236	-153,747	-51,401	-132,335	-88,441	-7,491	-1,702	32,895	16,605	10,276	7,499	9,487	3,246	5,316	4,336	3,553	3,424	3,863	2,878	1,627	1,589	-291	-11,738	-1,160
Income tax expense
13,041	18,237	18,034	19,891	8,918	3,347	5,811	-99	0	0	0	0	5	101	0	-10,007	-10,520	-2,903	-709	11,744	6,173	3,116	2,338	3,387	2,250	1,701	1,604	1,315	1,477	1,432	-3,241	0	0	0	0	0
Net Income (Loss) Attributable to Parent
29,795	54,468	49,751	81,974	62,628	49,624	65,796	50,818	43,848	27,936	19,880	5,301	-19,241	-153,848	-51,401	-122,328	-77,921	-4,588	-993	21,151	10,432	7,160	5,161	6,100	996	3,615	2,732	2,238	1,947	2,431	6,119	1,627	1,589	-291	-11,738	-1,160
Net income per common share:
Basic (in dollars per share)
0.12	0.22	0.20	0.34	0.26	0.20	0.27	0.23	0.22	0.14	0.10	0.15	-0.10	-0.89	-0.42	-1.14	-0.74	-0.04	-0.01	0.27	0.14	0.09	0.07	0.08	0.01	0.07	0.05	0.04	0.03	0.05	0.13	0.05	0.19	-0.01	-0.55	-0.08
Diluted (in dollars per share)
0.12	0.22	0.20	0.34	0.26	0.20	0.27	0.23	0.22	0.14	0.10	0.15	-0.10	-0.89	-0.42	-1.14	-0.74	-0.04	-0.01	0.26	0.13	0.09	0.07	0.08	0.01	0.06	0.05	0.04	0.04	0.05	0.12	0.04	0.19	-0.01	-0.55	-0.08
Weighted-average shares outstanding:
Basic (in shares)
243,479	243,404	243,290	242,678	242,536	242,255	241,751	222,249	200,881	200,831	200,707	201,174	200,515	172,013	121,392	107,105	105,100	104,562	97,241	79,008	77,803	77,176	76,203	73,674	66,557	55,238	54,900	51,661	51,514	51,292	47,445	36,098	36,020	32,813	21,487	13,715
Diluted (in shares)
244,547	244,130	244,091	243,032	243,560	244,464	243,166	222,979	201,460	201,224	201,309	201,174	200,515	172,013	121,392	107,105	105,100	104,562	97,241	80,141	78,188	79,008	77,990	76,044	67,338	58,918	56,481	53,616	53,190	53,174	49,229	37,845	36,020	32,813	21,487	13,715