WHITING PETROLEUM CORP WLL Income Statement

Whiting petroleum corp (WLL)

Income statement / TTM

Mar'20	Dec'19	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	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
OPERATING REVENUES
Oil, NGL and natural gas sales
1,427	1,572	1,664	1,855	1,955	2,081	1,932	0	0	-	0	-	-	1,284	1,360	1,548	1,862	2,092	2,347	2,647	2,823	3,024	3,055	2,956	2,782	2,666	2,528	2,343	2,184	2,137	2,064	2,012	1,993	1,860	1,774	1,671	1,560	1,475	1,325	1,174	0	0	0
Oil, NGL and natural gas sales
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	0	0	0	-	3,109	3,127	2,955	2,828	2,685	2,384	2,223	2,173	2,095	2,052	2,031	1,899	1,814	1,700	1,597	1,516	1,371	1,228	0	0	0
OPERATING EXPENSES
Lease operating expenses
316	328	337	327	315	311	242	258	268	278	272	270	289	313	427	465	503	555	575	573	548	496	473	458	445	430	412	397	381	376	360	344	328	305	293	285	279	268	256	244	0	0	0
Transportation, gathering, compression and other
41	42	44	46	46	48	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Production and ad valorem taxes
132	138	140	155	162	171	168	145	126	120	119	118	117	111	116	134	164	183	200	225	237	253	257	249	234	225	208	191	178	171	167	158	152	139	126	118	110	103	96	84	0	0	0
Depreciation, depletion and amortization
802	816	809	795	791	781	859	875	896	948	943	1,015	1,099	1,171	1,222	1,253	1,272	1,243	1,222	1,191	1,137	1,089	1,036	970	925	891	832	792	729	684	623	566	516	468	444	419	404	393	391	393	0	0	0
Exploration and impairment
3,788	54	69	71	71	67	913	919	930	936	99	106	106	121	138	1,804	1,836	1,881	2,580	919	893	854	428	446	458	453	215	192	176	166	102	97	89	84	82	74	68	59	50	49	0	0	0
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
144	132	125	127	126	123	126	124	125	124	127	131	132	146	151	161	173	172	206	198	188	177	134	147	141	137	132	107	103	108	107	105	100	84	78	74	69	64	59	50	0	0	0
Change in Production Participation Plan liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-19	-7	-6	8	25	17	13	2	-3	0	-0	5	8	10	12	8	8	0	0	0
Derivative (gain) loss, net
240	-53	152	100	-27	-17	-252	-262	-138	-122	-75	-13	-31	0	131	308	203	217	242	58	134	100	-9	-57	-1	-7	-31	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of properties
-1	-1	-1	-1	0	-1	-1	-400	-402	-401	-391	-183	-183	-184	-192	-3	-65	-60	-46	-46	20	27	128	132	0	-	0	0	-	-	0	0	-	-	0	0	-	-	-	0	-	0	0
Gain (loss) on hedging activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-
Amortization of deferred gain on sale
8	9	9	10	10	11	11	12	12	12	13	13	14	14	14	14	14	16	20	24	28	30	30	31	31	31	31	32	33	29	24	19	14	13	14	14	15	15	15	16	0	0	0
Loss on hedging activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-69	-68	31	2	-38	100	113	8	64	-106	-156	-7	57	-71	0	0	0
Total operating expenses
4,978	1,559	1,367	1,413	1,530	1,511	2,679	3,087	2,978	3,010	2,095	1,903	2,026	2,113	1,901	4,256	4,582	4,735	5,485	3,079	2,846	2,712	2,500	2,464	2,335	2,256	1,903	1,775	1,580	1,511	1,464	1,222	1,125	1,119	1,027	1,151	1,162	974	873	969	0	0	0
LOSS FROM OPERATIONS
-3,550	12	297	441	425	569	-596	-1,247	-1,353	-1,529	-746	-562	-659	-828	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OTHER INCOME (EXPENSE)
Interest expense
188	191	193	193	192	197	197	196	195	191	456	493	523	557	331	331	341	334	297	252	202	170	164	149	133	112	89	83	78	75	71	69	66	62	59	57	57	59	61	65	0	0	0
Gain on extinguishment of debt
0	-	0	-	-	-31	-31	-31	-31	-1	-1	45	-134	-42	-54	-101	77	-18	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Interest income and other (expense)
1	1	1	2	2	3	3	2	1	1	1	1	1	1	2	2	2	2	2	1	1	2	2	3	3	3	2	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gain on hedging activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	13	19	23	27	29	0	0	0
Total other expense
-153	-181	-186	-191	-190	-226	-225	-225	-225	-191	-456	-446	-656	-598	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LOSS BEFORE INCOME TAXES
-3,703	-168	110	250	235	343	-822	-1,472	-1,579	-1,720	-1,202	-1,009	-1,316	-1,426	-1,130	-3,254	-3,070	-2,993	-3,390	-679	-201	143	609	662	619	571	781	609	642	662	630	829	905	780	787	549	434	541	498	258	0	0	0
INCOME TAX BENEFIT
Current
0	-	-	-	-	-	-	-	-	-7	-13	-10	-9	-7	0	-0	-0	-0	-5	-5	1	2	3	11	1	0	3	-5	-1	-0	-0	2	3	3	3	1	5	4	5	0	0	0	-
Deferred
93	72	0	0	0	-	-	-	-	-475	-576	20	-52	-80	134	-817	-785	-773	-911	-222	-52	76	246	246	229	204	270	228	242	248	234	308	331	284	289	199	158	199	186	98	0	0	0
Total income tax benefit
0	-	-	-	0	-	-	-	-443	-482	-590	9	-61	-87	134	-818	-785	-774	-916	-228	-50	79	249	257	230	205	274	223	240	247	234	310	334	288	292	201	164	204	192	104	0	0	0
NET LOSS
-3,800	-241	110	250	258	342	-659	-1,067	-1,135	-1,237	-612	-1,019	-1,254	-1,339	-1,264	-2,436	-2,284	-2,219	-2,474	-451	-150	64	359	405	388	366	506	385	401	414	395	518	570	491	0	0	0	-	-	-	-	-	-
Net loss attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	0	0	0	-	-	-	-	-	-	-	-	-	-
NET INCOME (LOSS) AVAILABLE TO SHAREHOLDERS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	366	507	386	401	414	395	518	570	491	494	347	269	336	306	154	0	0	0
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	1	1	1	-1	-1	-1	-1	-1	-53	-58	-63	-68	0	0	0	-
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS
-	-	-	-	-	-	-	-	-	-1,237	-612	-1,019	-1,254	-1,339	-1,264	-2,436	-2,284	-2,219	-2,474	-451	-150	64	359	405	388	365	506	384	400	413	394	517	569	490	493	293	210	272	237	138	0	0	0
INCOME (LOSS) PER COMMON SHARE
Basic (in dollars per share)
-39.70	-1.61	-0.21	-0.06	-0.76	2.25	1.33	0.02	0.17	-8.80	-3.16	-0.73	-0.96	-16.63	-2.47	-1.33	-0.84	-34.91	-9.14	-0.73	-0.63	-2.99	1.33	1.27	0.92	-0.50	1.72	1.14	0.73	0.69	0.70	1.28	0.84	0.54	1.75	1.73	0.16	0.53	0.06	1.18	0.80	0.59	-1.83
Diluted (in dollars per share)
-39.70	-1.61	-0.21	-0.06	-0.76	2.23	1.32	0.02	0.16	-8.80	-3.16	-0.73	-0.96	-16.63	-2.47	-1.33	-0.84	-34.91	-9.14	-0.73	-0.63	-2.96	1.32	1.26	0.91	-0.51	1.71	1.14	0.72	0.68	0.70	1.27	0.83	0.53	1.74	1.71	0.16	0.70	0.06	1.06	0.73	0.59	-1.83
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in shares)
91	91	91	91	91	91	90	90	90	90	90	90	90	-458	280	226	204	-381	204	204	168	131	119	118	118	118	118	117	117	117	117	117	117	117	117	117	117	117	104	101	101	50	50
Diluted (in shares)
91	91	91	91	91	92	91	91	91	90	90	90	90	-458	280	226	204	-381	204	204	168	130	120	120	119	120	119	118	119	119	118	118	118	119	118	118	117	89	104	118	118	51	50