CIMAREX ENERGY CO XEC Income Statement

Cimarex energy co (XEC)

Income statement / Quarterly

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	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenues:
Revenues
472,830	657,244	582,305	546,463	576,957	624,121	591,488	556,274	567,134	550,940	463,681	456,452	447,176	382,155	335,717	298,873	240,600	311,279	356,055	424,283	361,002	538,551	649,740	636,669	599,216	516,602	561,336	493,757	426,356	440,868	406,912	353,122	423,036	430,271	433,809	467,213	426,596	408,029	378,583	378,501	448,570	328,796	249,134	222,685	209,179	577,258	617,043
Gas sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	109,278	76,615	82,608	96,242	114,649	106,374	110,962	168,791	176,539	172,503	170,097	124,553	118,824	126,547	101,121	102,642	83,208	69,741	85,153	120,003	138,631	140,377	131,323	131,385	145,396	151,375	225,637	161,010	107,275	100,539	116,624	313,523	339,965
NGL sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,464	51,939	33,352	44,411	40,159	49,477	45,600	78,813	111,701	95,470	89,957	63,142	58,922	52,309	56,875	58,989	50,860	44,286	59,014	63,414	69,169	69,069	62,190	57,760	43,331	32,851	15,209	2,799	2,116	1,979	1,268	-	-
Costs and expenses:
Impairment of oil and gas properties
333,700	-	108,900	-	0	-	0	-	-	-	-	-	-	0	105,593	333,291	318,786	1,281,760	1,180,649	967,287	603,599	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	791,137	657,146	-
Results of Operations, Depreciation, Depletion and Amortization, and Valuation Provisions
215,086	250,451	227,978	213,327	190,417	177,924	136,302	143,388	132,859	130,935	111,396	107,884	95,816	89,349	90,277	102,086	110,636	111,577	185,654	217,451	216,778	187,298	219,359	194,989	173,931	173,023	159,182	147,231	136,438	138,430	135,987	121,237	118,262	110,907	104,681	89,847	85,026	82,661	78,705	73,146	69,710	59,908	59,240	56,885	89,666	147,432	133,201
Accretion Expense, Including Asset Retirement Obligations
4,724	2,186	2,194	2,157	2,049	2,136	1,893	2,053	1,060	11,547	1,497	960	1,620	1,747	2,033	1,750	2,298	2,728	2,615	2,042	1,736	1,794	1,420	3,650	3,218	909	1,797	2,884	2,399	3,541	3,512	2,441	3,525	3,228	3,578	2,707	1,938	1,836	1,201	1,641	2,644	3,648	4,024	2,096	2,545	1,978	1,862
Impairment of goodwill
714,447	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Production
87,236	85,511	88,300	87,726	78,404	69,431	76,272	79,215	71,271	72,940	65,410	62,578	62,421	51,111	52,976	57,213	70,702	77,229	69,334	70,600	82,211	91,994	89,084	86,085	75,141	71,757	76,166	69,433	69,386	65,766	62,699	62,494	67,625	65,490	62,333	60,745	58,480	54,666	52,010	45,356	41,983	39,088	42,682	46,031	50,414	55,362	49,092
Transportation, processing, and other operating
54,922	77,656	52,697	48,331	59,575	64,645	49,720	51,933	45,165	76,090	58,387	58,624	55,023	51,140	48,706	44,436	46,443	52,717	46,290	43,713	39,642	50,115	54,573	46,478	44,248	27,086	25,838	22,022	18,634	16,388	14,481	13,169	13,316	13,124	13,754	16,387	13,446	10,906	13,084	10,825	11,167	8,525	8,760	7,764	8,709	10,621	10,621
Gas gathering and other
8,298	-9,386	13,893	13,605	5,182	-1,532	10,569	9,467	9,823	-7,743	8,856	8,647	8,427	8,308	7,905	7,492	8,080	9,539	8,429	11,306	8,864	7,700	8,588	10,041	8,784	7,566	6,970	5,184	6,156	6,663	5,496	4,955	4,851	7,883	6,263	4,630	4,551	8,966	4,577	6,100	6,505	6,213	4,830	4,411	5,106	12,591	13,021
Taxes other than income
30,961	43,353	30,873	41,033	33,694	38,620	28,431	27,930	30,188	26,760	24,314	17,477	21,313	18,067	15,974	14,066	13,839	17,086	19,717	25,980	21,981	29,339	33,510	32,323	33,621	28,693	31,104	27,807	25,128	14,256	24,095	23,483	25,160	27,843	30,533	34,495	33,597	32,919	28,094	28,410	32,358	25,109	19,728	15,252	15,545	39,097	39,749
General and administrative
25,509	26,349	15,499	24,911	29,084	13,635	21,148	19,739	23,321	21,161	21,039	19,762	18,034	18,462	20,118	21,424	13,897	24,283	20,413	14,054	15,938	23,637	20,240	16,571	20,712	20,050	19,003	22,836	15,577	12,905	14,742	12,634	14,147	10,522	9,390	10,617	14,727	12,484	11,274	11,817	13,045	11,921	12,522	9,519	7,762	12,377	13,876
Share-based Payment Arrangement, Expense
6,394	6,394	6,797	6,494	6,713	6,633	6,437	3,095	6,730	6,637	7,038	6,293	6,288	5,741	5,764	7,490	5,528	4,679	4,737	4,988	5,155	4,126	3,603	3,548	3,724	3,820	3,347	3,507	3,605	4,400	8,301	4,684	4,534	4,987	4,595	4,617	4,750	3,341	3,241	2,993	2,778	2,423	2,477	2,097	2,257	2,791	2,366
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net
226,940	-40,901	38,735	40,768	-115,452	157,505	-54,006	-21,699	4,159	-29,051	-16,109	22,509	43,861	-32,699	9,758	-33,236	428	-	1,968	-	-	12,722	9,229	-2,454	-15,735	-1,442	-10,824	13,660	-1,603	-416	-5,329	10,078	-4,088	-1,031	7,120	22,477	-18,244	-8,218	15,028	3,289	52,597	4,554	-17,357	-358	102	-	-
Other operating expense, net
-251	-248	-10,141	-590	-8,326	-3,037	-10,015	-5,252	-203	-337	-95	-266	-616	-462	-179	-24	-90	-12	-60	-260	-524	-82	181	-112	-103	124,530	2,507	2,365	2,932	-32,256	2,236	2,719	2,340	2,168	2,379	2,342	3,374	2,254	2,291	1,876	-1,846	5,169	2,911	6,091	10,092	11,871	85
Total costs and expenses
1,254,539	1,033,477	518,516	397,406	528,896	217,024	394,793	363,771	316,461	367,715	314,141	259,982	225,697	277,086	339,767	622,508	589,871	1,572,332	1,535,930	1,357,681	996,428	383,363	420,967	396,251	379,217	194,208	336,738	289,609	281,858	280,431	276,878	237,738	257,848	247,183	230,386	203,910	238,133	218,251	179,449	178,875	125,747	157,450	174,531	150,504	983,131	951,266	263,873
Operating (loss) income
-781,709	-376,233	63,789	149,057	48,061	407,097	196,695	192,503	250,673	183,225	149,540	196,470	221,479	105,069	-4,050	-323,635	-349,271	-1,261,053	-1,179,875	-933,398	-635,426	155,188	228,773	240,418	219,999	322,394	224,598	204,148	144,498	160,437	130,034	115,384	165,188	183,088	203,423	263,303	188,463	189,778	199,134	199,626	322,823	171,346	74,603	72,181	-773,952	-374,008	353,170
Other (income) and expense:
Interest expense
23,181	23,721	24,586	24,674	20,405	17,387	17,159	16,895	16,783	16,836	16,838	20,095	21,052	20,712	20,931	20,824	20,805	21,777	21,416	21,297	21,256	21,220	20,879	16,724	14,042	13,701	13,954	14,112	13,206	13,747	13,223	13,679	8,668	8,012	9,279	9,340	8,980	8,991	9,059	9,101	9,462	9,633	10,623	11,254	8,267	8,066	8,022
Capitalized interest
13,182	14,421	16,264	16,805	8,742	5,738	5,457	4,850	4,810	5,492	5,373	5,442	6,641	5,290	5,421	5,633	4,904	5,502	7,100	8,570	9,417	24,635	10,005	8,575	-7,290	55,385	-7,286	-7,387	-9,195	61,328	-9,231	-9,119	-7,804	-7,227	-7,253	-7,352	-7,225	-7,247	-7,259	-7,285	-7,424	-7,178	-5,295	-5,422	-5,513	-5,671	-4,653
Gain (Loss) on Extinguishment of Debt
0	0	0	0	-4,250	0	0	0	0	-	0	-28,169	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16,214	-	-	-	-	-	-	3,776	-	-	-	-	-	-	-	-
Other, net
871	1,194	139	2,167	2,241	8,192	7,544	2,605	4,567	2,338	4,563	2,231	2,210	3,218	3,828	2,011	1,650	3,762	2,375	3,854	3,585	6,700	11,123	4,129	6,955	7,881	2,263	8,758	2,616	1,150	6,159	7,829	4,726	2,532	3,604	3,018	604	3,202	2,711	-1,851	1,930	-4,663	-3,737	-5,535	-2,355	8,086	5,507
(Loss) income before income tax
-790,837	-384,339	55,606	143,355	34,389	403,640	192,537	183,063	243,267	174,201	142,638	155,879	209,278	92,865	-15,732	-336,815	-363,522	-1,273,566	-1,191,816	-942,271	-643,680	150,723	229,022	236,398	220,202	324,223	220,193	206,181	143,103	156,860	132,201	102,439	169,050	184,835	205,001	264,333	187,312	191,236	203,821	195,959	322,715	164,228	65,538	60,814	-779,061	-368,317	355,308
Income Tax Expense (Benefit)
-16,555	-83,568	15,079	34,046	8,073	87,458	44,183	42,066	56,949	-495	51,239	58,617	78,306	45,082	-5,059	-122,361	-132,063	-472,402	-428,532	-342,056	-228,739	55,637	84,707	87,758	81,745	117,396	81,823	76,616	53,176	57,708	47,939	38,137	62,943	67,966	76,849	97,584	69,150	73,651	75,605	71,339	118,354	59,583	26,833	22,007	-284,961	-135,894	126,295
Net Income (Loss) Attributable to Parent
-774,282	-300,771	40,527	109,309	26,316	316,182	148,354	140,997	186,318	174,696	91,399	97,262	130,972	47,783	-10,673	-214,454	-231,459	-801,164	-763,284	-600,215	-414,941	95,086	144,315	148,640	138,457	206,827	138,370	129,565	89,927	99,152	84,262	64,302	106,107	116,869	128,152	166,749	118,162	117,585	128,216	124,620	204,361	104,645	38,705	38,807	-494,100	-232,423	229,013
Earnings Per Share [Abstract]
Basic
Distributed (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.14	0.14	0.14	0.14	0.12	0.12	0.12	0.12	0.10	0.10	0.10	0.10	0.08	0.08	0.08	0.08	0.06	0.06	0.06	0.06	0.06	0.06
Undistributed (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.21	1.45	1.36	0.90	1.00	0.85	0.63	1.12	1.25	1.39	1.85	1.28	1.27	1.42	1.39	2.34	1.25	0.40	0.40	-6.11	-2.91	2.67
Earnings Per Share, Basic
-7.77	-3.05	0.39	1.07	0.26	3.32	1.56	1.48	1.96	1.83	0.96	1.02	1.38	0.54	-0.12	-2.31	-2.49	-8.23	-8.21	-6.47	-4.84	1.06	1.65	1.71	1.59	2.35	1.59	1.50	1.04	1.12	0.97	0.75	1.24	1.35	1.49	1.95	1.38	1.35	1.50	1.47	2.42	1.31	0.46	0.46	-6.05	-2.85	2.73
Diluted
Distributed (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.14	0.14	0.14	0.14	0.12	0.12	0.12	0.12	0.10	0.10	0.10	0.10	0.08	0.08	0.08	0.08	0.06	0.06	0.06	0.06	0.06	0.06
Undistributed (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.21	1.45	1.35	0.90	1.01	0.85	0.62	1.11	1.25	1.39	1.84	1.27	1.27	1.42	1.38	2.31	1.25	0.40	0.40	-6.11	-2.91	2.59
Earnings Per Share, Diluted
-7.77	-3.05	0.39	1.07	0.26	3.32	1.56	1.48	1.96	1.83	0.96	1.02	1.38	0.54	-0.12	-2.31	-2.49	-8.23	-8.21	-6.47	-4.84	1.06	1.65	1.70	1.59	2.35	1.59	1.49	1.04	1.13	0.97	0.74	1.23	1.35	1.49	1.94	1.37	1.35	1.50	1.46	2.39	1.31	0.46	0.46	-6.05	-2.85	2.65
Dividends declared (USD per share)
-	-	-	-	-	-	-	-	-	-	0.08	0.08	0.08	-	0.08	0.08	0.08	0.16	0.16	0.16	0.16	-	0.16	0.16	0.16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive (loss) income:
Net (loss) income
-774,282	-300,771	40,527	109,309	26,316	316,182	148,354	140,997	186,318	174,696	91,399	97,262	130,972	47,783	-10,673	-214,454	-231,459	-801,164	-763,284	-600,215	-414,941	95,086	144,315	148,640	138,457	206,827	138,370	129,565	89,927	99,152	84,262	64,302	106,107	116,869	128,152	166,749	118,162	-	128,216	-	-	-	-	-	-	-	-
Other comprehensive income:
Other Comprehensive Income, Unrealized Gain (Loss) in Fair Value of Investments, Net of Tax
0	-10	-2,198	304	1,149	-1,985	539	192	-190	394	234	224	402	-63	287	195	85	139	-609	-292	101	52	-123	-56	40	314	302	19	80	-14	238	-135	399	139	-585	9	159	-	-	-	-	-	-	-	-	-	-
Total comprehensive (loss) income
-774,282	-300,781	38,329	109,613	27,465	314,197	148,893	141,189	186,128	175,090	91,633	97,486	131,374	47,720	-10,386	-214,259	-231,374	-801,025	-763,893	-600,507	-414,840	95,138	144,192	148,584	138,497	207,141	138,672	129,584	90,007	99,138	84,500	64,167	106,506	117,008	127,567	166,758	118,321	-	-	-	-	-	-	-	-	-	-
Oil sales
Revenues
360,980	464,044	435,094	411,766	349,306	362,411	342,495	342,184	351,723	293,686	231,441	232,453	224,066	187,277	166,079	162,005	117,573	161,814	192,501	259,344	196,005	280,729	348,276	354,882	325,071	316,333	371,881	304,466	257,532	268,148	263,315	229,210	267,084	234,105	211,928	242,812	220,499	205,560	177,834	180,664	191,560	149,689	128,957	110,850	79,337	238,918	248,741
Gas and NGL sales
Revenues
98,481	182,269	135,483	126,044	217,915	252,825	240,087	202,202	203,718	245,728	220,898	213,360	212,371	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gas gathering and other
Revenues
13,583	11,223	11,200	9,769	10,262	8,674	9,244	11,810	11,452	11,335	11,056	10,735	10,625	10,757	9,824	8,211	7,241	8,523	8,754	9,141	8,270	9,903	12,951	14,284	12,464	12,490	11,380	10,844	10,727	11,102	10,054	10,179	11,707	12,817	13,762	14,544	12,517	13,640	11,570	13,602	15,850	15,598	10,732	9,363	11,070	24,163	27,733
Gas marketing
Revenues
-214	-292	528	-1,116	-526	211	-338	78	241	191	286	-96	114	93	72	103	-174	289	-8	-53	165	315	273	-470	1,627	84	329	-409	101	-13	-525	-294	78	-68	319	411	67	-316	452	9	314	-300	54	-46	880	654	604