Unit corporation (UNT)
Income statement / Quarterly
Dec'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'09
Revenues:
Revenues

164,358

155,439

165,146

189,691

214,788

220,058

203,303

205,132

204,847

188,488

170,581

175,724

174,280

153,408

138,305

136,184

172,292

212,393

214,447

255,099

378,551

400,974

405,431

387,988

359,121

333,776

340,421

318,532

331,582

321,790

327,785

333,966

344,758

323,845

291,495

247,405

241,402

218,116

204,603

206,550

167,430

164,074

Expenses
Operating costs:
Depreciation, depletion, and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57,159

68,101

77,118

-

70,033

71,245

59,680

62,886

56,294

55,335

51,983

57,508

44,489

57,153

52,197

51,337

47,195

44,550

40,268

37,047

30,091

26,319

25,336

25,645

26,149

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,255

13,265

15,013

-

22,560

20,239

18,395

18,624

17,402

17,908

17,260

-

20,094

21,238

21,328

22,334

20,818

19,218

17,297

21,270

18,469

16,445

13,786

10,923

10,261

Impairment of contract drilling equipment (Note 3)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

8,314

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating costs

90,564

92,653

98,041

103,470

110,343

107,305

104,015

109,233

109,924

106,774

96,039

96,135

87,582

80,889

84,966

92,510

-

-

-

-

-

-

-

-

-

-

63,590

66,002

-

72,988

74,819

76,173

79,813

73,004

64,238

52,844

53,966

45,406

46,541

40,900

29,456

29,779

Depreciation, depletion, and amortization

76,941

70,214

66,292

62,126

64,629

63,537

58,373

57,066

57,712

54,533

50,080

46,932

49,916

49,969

52,878

55,590

320,224

10,976

10,848

10,694

372,916

10,272

10,109

9,591

9,048

8,773

8,214

7,156

64,677

5,884

5,312

5,134

4,474

4,017

3,837

3,773

3,639

3,823

3,982

3,941

3,995

4,110

Impairments (Note 3)

-

234,880

-

-

-

0

-

-

-

-

-

-

0

49,443

74,291

37,829

493,575

329,924

410,536

400,593

158,069

0

0

0

-

-

-

-

-

0

115,874

-

-

0

0

-

-

-

-

-

0

0

General and administrative

8,347

10,094

10,064

9,741

9,955

9,278

8,712

10,762

11,185

9,235

8,713

8,954

7,526

8,852

8,348

8,611

7,721

7,643

9,624

9,370

10,618

10,172

10,600

9,637

10,035

9,936

9,679

8,673

9,272

8,434

8,376

7,004

7,867

7,800

7,496

6,892

6,780

6,637

6,456

6,279

5,506

5,493

(Gain) loss on disposition of assets

-2,078

-231

422

-1,615

129

253

161

161

-826

81

248

824

1,717

154

477

192

-959

-7,230

415

545

-139

-529

195

9,426

9,332

4,345

3,483

-84

-

44

651

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

568,766

408,072

173,975

176,952

332,682

179,867

170,939

176,900

179,647

170,461

154,584

151,197

143,307

188,999

220,006

194,348

674,595

541,675

643,322

653,375

480,100

307,692

301,863

273,056

267,132

260,285

255,794

243,606

423,129

234,259

357,763

245,058

257,533

237,082

210,218

180,964

181,863

162,261

152,498

148,002

116,319

112,301

Income (loss) from operations

-404,408

-252,633

-8,829

12,739

-117,894

40,191

32,364

28,232

25,200

18,027

15,997

24,527

30,973

-35,591

-81,701

-58,164

-502,303

-329,282

-428,875

-398,276

-101,549

93,282

103,568

114,932

91,989

73,491

84,627

74,926

-91,547

87,531

-29,978

88,908

-

-

-

-

-

-

-

-

-

-

Interest, net

-9,945

-9,534

-8,995

-8,538

-7,816

-7,945

-7,729

-10,004

-9,527

-9,944

-9,467

-9,396

-9,604

-10,002

-10,606

-9,617

-8,481

-8,286

-7,956

-7,240

-5,170

-4,280

-4,131

-3,790

-3,238

-3,625

-4,591

-3,561

-2,682

-7,087

-2,542

-1,826

-2,089

-1,351

-673

-54

0

0

0

0

-1

-61

Gain (loss) on derivatives

-1,007

4,237

7,927

-6,932

22,424

-4,385

-14,461

-6,762

-6,287

-2,614

8,902

14,731

-18,039

6,969

-22,672

10,929

13,428

8,250

-1,919

6,586

39,381

19,841

-10,709

-18,366

-5,034

-13,760

16,344

-5,924

3,378

-4,015

1,387

-1,993

-

-

-

-

-

-

-

-

-

-

Other

375

-622

6

5

5

6

5

6

7

5

6

3

318

3

1

-15

661

16

24

-656

22,083

-68

-49

-22,036

15,113

-17,399

11,662

-9,551

99

-11,161

-1,086

-3,364

-2,138

-667

282

-181

1,483

-879

5,062

5,508

2,507

1,357

Total other income (expense)

-10,577

-5,919

-1,062

-15,465

14,613

-12,324

-22,185

-16,760

-15,807

-12,553

-559

5,338

-27,325

-3,030

-33,277

1,297

4,296

-20

-9,851

2

11,982

15,493

-14,889

120

-23,393

-14

-91

-66

-597

-59

69

455

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

-414,985

-258,552

-9,891

-2,726

-103,281

27,867

10,179

11,472

9,393

5,474

15,438

29,865

3,648

-38,621

-114,978

-56,867

-497,349

-329,302

-438,726

-398,932

-67,411

108,775

88,679

92,896

83,713

56,092

96,289

65,375

-91,448

76,370

-31,064

85,544

84,521

86,763

81,277

66,441

70,713

55,855

52,105

58,548

51,111

51,773

Income tax expense (benefit):
Current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-18,900

-2,584

803

65

-14,343

5,451

8,475

9,795

9,246

2,111

2,117

2,517

246

2,516

-2,066

0

1,533

-3,949

0

0

-7,447

-8,553

3,825

2,240

8,571

1,247

Deferred

-77,964

-50,763

-1,874

-444

-23,245

6,744

2,029

3,607

-79,767

1,769

6,379

13,936

1,950

-14,599

-42,842

-15,718

-169,112

-121,437

-165,140

-150,643

-10,517

35,802

25,844

26,156

23,166

19,749

35,165

22,652

-35,147

27,268

-9,696

33,105

31,327

37,352

31,458

25,414

34,495

29,917

16,105

20,155

11,091

18,495

Total income taxes

-79,245

-50,763

-1,874

-444

-26,376

6,744

2,029

3,607

-79,762

1,769

6,379

13,936

1,965

-14,599

-42,842

-15,718

-188,012

-124,021

-164,337

-150,578

-24,860

41,253

34,319

35,951

32,412

21,860

37,282

25,169

-34,901

29,784

-11,762

33,105

32,860

33,403

31,458

25,414

27,048

21,364

19,930

22,395

19,662

19,742

Net income (loss)

-335,740

-207,789

-8,017

-2,282

-76,905

21,123

8,150

7,865

-

3,705

9,059

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to non-controlling interest

-760

-903

492

1,222

935

2,224

2,362

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to Unit Corporation

-334,980

-206,886

-8,509

-3,504

-77,840

18,899

5,788

7,865

89,155

3,705

9,059

15,929

1,683

-24,022

-72,136

-41,149

-309,337

-205,281

-274,389

-248,354

-42,551

67,522

54,360

56,945

51,301

34,232

59,007

40,206

-56,547

46,586

-19,302

52,439

51,661

53,360

49,819

41,027

43,665

34,491

32,175

36,153

31,449

32,031

Net income (loss) attributable to Unit Corporation per common share (Note 6):
Basic

-6.34

-3.91

-0.16

-0.07

-1.49

0.36

0.11

0.15

1.74

0.07

0.18

0.32

0.04

-0.48

-1.44

-0.83

-6.29

-4.18

-5.58

-5.07

-0.88

1.39

1.12

1.17

1.06

0.71

1.22

0.84

-1.19

0.97

-0.40

1.10

1.08

1.12

1.05

0.86

0.92

0.73

0.68

0.77

0.67

0.68

Diluted

-6.34

-3.91

-0.16

-0.07

-1.49

0.36

0.11

0.15

1.73

0.07

0.17

0.31

0.04

-0.48

-1.44

-0.83

-6.29

-4.18

-5.58

-5.07

-0.87

1.37

1.11

1.17

1.05

0.70

1.22

0.83

-1.18

0.97

-0.40

1.09

1.07

1.11

1.04

0.86

0.92

0.73

0.68

0.76

0.66

0.68

Oil and Natural Gas
Revenues

83,842

78,045

77,815

86,095

106,019

111,623

102,318

103,099

101,503

85,470

83,173

87,598

87,903

78,854

69,190

58,274

75,830

96,619

107,256

106,069

164,903

188,471

198,498

188,207

173,990

157,320

164,799

153,609

165,578

135,435

131,166

135,765

138,221

134,897

131,662

109,834

113,020

96,562

91,136

99,053

88,894

89,601

Operating costs

30,804

35,364

36,242

32,714

31,156

32,139

32,418

35,962

34,916

33,911

32,758

29,204

27,493

26,014

33,331

33,346

36,175

38,688

45,972

45,211

53,937

48,841

44,723

40,415

45,830

50,139

44,994

43,038

45,177

36,147

33,279

35,609

37,475

29,598

33,417

30,781

29,422

27,092

23,817

25,034

20,781

17,249

Contract drilling
Revenues

36,595

37,596

43,037

51,155

52,965

50,612

46,926

45,989

46,661

51,619

39,255

37,185

33,300

25,819

24,257

38,710

50,554

65,022

55,015

95,077

134,987

120,652

114,278

106,600

101,598

100,647

105,005

107,528

108,521

133,420

146,872

140,906

142,553

128,927

115,183

97,988

98,465

85,004

72,061

60,854

49,801

49,883

Operating costs

26,493

28,796

29,308

31,401

35,792

32,032

31,894

31,667

31,387

34,747

27,239

29,227

21,665

19,137

19,254

28,098

32,691

35,486

36,485

51,746

77,908

66,727

66,494

63,804

-

58,988

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gas gathering and processing
Revenues

43,921

39,798

44,294

52,441

55,804

57,823

54,059

56,044

56,683

51,399

48,153

50,941

53,077

48,735

44,858

39,200

45,908

50,752

52,176

53,953

78,661

91,851

92,655

93,181

83,533

75,809

70,617

57,395

57,483

52,935

49,747

57,295

63,418

60,688

44,368

39,764

39,608

37,429

36,344

41,135

26,228

23,233

Operating costs

33,267

28,493

32,491

39,355

43,395

43,134

39,703

41,604

43,621

38,116

36,042

37,704

38,424

35,738

32,381

31,066

36,475

40,314

40,592

44,175

68,665

78,558

78,648

80,960

71,341

63,098

59,557

49,410

51,049

46,267

42,363

47,613

55,716

53,299

36,789

29,055

29,739

30,743

28,938

32,726

20,012

19,199