10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000858470-22-000018 |
| Period End Date | 20220331 |
| Filing Date | 20220503 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | cog-20220331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
1.80B | shares | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
1.80B | shares | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.10 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.10 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.45B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.04B | USD | Point-in-time |
| Common stock, issued (in shares) |
CommonStockSharesIssued
|
892.61M | shares | Point-in-time |
| Common stock, issued (in shares) |
CommonStockSharesIssued
|
893.45M | shares | Point-in-time |
| Treasury stock (in shares) |
TreasuryStockShares
|
86.71M | shares | Point-in-time |
| Treasury stock (in shares) |
TreasuryStockShares
|
79.08M | shares | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$10.00M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$10.00M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$1.04B | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$1.09B | USD | Point-in-time |
| Inventories |
InventoryNet
|
$39.00M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$41.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$5.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$14.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.60B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.14B | USD | Point-in-time |
| Properties and equipment, net (Successful efforts method) |
PropertyPlantAndEquipmentNet
|
$17.35B | USD | Point-in-time |
| Properties and equipment, net (Successful efforts method) |
PropertyPlantAndEquipmentNet
|
$17.38B | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$384.00M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$389.00M | USD | Point-in-time |
| Total assets |
Assets
|
$19.90B | USD | Point-in-time |
| Total assets |
Assets
|
$20.33B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$747.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$874.00M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$25.00M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
- | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$209.00M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$260.00M | USD | Point-in-time |
| Income taxes payable |
TaxesPayableCurrent
|
$153.00M | USD | Point-in-time |
| Income taxes payable |
TaxesPayableCurrent
|
$29.00M | USD | Point-in-time |
| Interest payable |
InterestPayableCurrent
|
$26.00M | USD | Point-in-time |
| Interest payable |
InterestPayableCurrent
|
$25.00M | USD | Point-in-time |
| Derivative instruments |
DerivativeLiabilitiesCurrent
|
$159.00M | USD | Point-in-time |
| Derivative instruments |
DerivativeLiabilitiesCurrent
|
$372.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.22B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.66B | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$3.09B | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$3.12B | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$3.10B | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$3.14B | USD | Point-in-time |
| Asset retirement obligations |
AssetRetirementObligationsNoncurrent
|
$262.00M | USD | Point-in-time |
| Asset retirement obligations |
AssetRetirementObligationsNoncurrent
|
$259.00M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$407.00M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$410.00M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$8.11B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$8.56B | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Cimarex redeemable preferred stock |
TemporaryEquityCarryingAmountAttributableToParent
|
$50.00M | USD | Point-in-time |
| Cimarex redeemable preferred stock |
TemporaryEquityCarryingAmountAttributableToParent
|
$50.00M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$89.00M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$89.00M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$10.91B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$10.93B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$2.56B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$2.71B | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$5.00M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$1.00M | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$2.02B | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$1.83B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$2.22B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$2.31B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$11.72B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$11.74B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$20.33B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$19.90B | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Operating revenues |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$473.00M | USD | 1 Quarter |
| Operating revenues |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$2.07B | USD | 1 Quarter |
| Loss on derivative instruments |
GainLossOnSaleOfDerivatives
|
$-13.00M | USD | 1 Quarter |
| Loss on derivative instruments |
GainLossOnSaleOfDerivatives
|
$-391.00M | USD | 1 Quarter |
| Total operating revenues |
Revenues
|
$460.00M | USD | 1 Quarter |
| Total operating revenues |
Revenues
|
$1.68B | USD | 1 Quarter |
| Direct operations |
DirectOperatingCosts
|
$100.00M | USD | 1 Quarter |
| Direct operations |
DirectOperatingCosts
|
$17.00M | USD | 1 Quarter |
| Transportation, processing and gathering |
ResultsOfOperationsTransportationCosts
|
$233.00M | USD | 1 Quarter |
| Transportation, processing and gathering |
ResultsOfOperationsTransportationCosts
|
$137.00M | USD | 1 Quarter |
| Taxes other than income |
TaxesExcludingIncomeAndExciseTaxes
|
$76.00M | USD | 1 Quarter |
| Taxes other than income |
TaxesExcludingIncomeAndExciseTaxes
|
$5.00M | USD | 1 Quarter |
| Exploration |
ExplorationExpense
|
$3.00M | USD | 1 Quarter |
| Exploration |
ExplorationExpense
|
$6.00M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$94.00M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$360.00M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$107.00M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$29.00M | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$285.00M | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$882.00M | USD | 1 Quarter |
| Gain on sale of assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$2.00M | USD | 1 Quarter |
| Gain on sale of assets |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| INCOME FROM OPERATIONS |
OperatingIncomeLoss
|
$799.00M | USD | 1 Quarter |
| INCOME FROM OPERATIONS |
OperatingIncomeLoss
|
$175.00M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-21.00M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-12.00M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$778.00M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$163.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$170.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$37.00M | USD | 1 Quarter |
| NET INCOME |
NetIncomeLoss
|
$608.00M | USD | 1 Quarter |
| NET INCOME |
NetIncomeLoss
|
$126.00M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.75 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.32 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.74 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.31 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
810.00M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
399.00M | shares | 1 Quarter |
| Weighted-average shares - diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
402.00M | shares | 1 Quarter |
| Weighted-average shares - diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
814.00M | shares | 1 Quarter |
Cash Flow Statement
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$608.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$126.00M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$94.00M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$360.00M | USD | 1 Quarter |
| Deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$12.00M | USD | 1 Quarter |
| Deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$36.00M | USD | 1 Quarter |
| Gain on sale of assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$2.00M | USD | 1 Quarter |
| Gain on sale of assets |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| Loss on derivative instruments |
DerivativeGainLossOnDerivativeNet
|
$-13.00M | USD | 1 Quarter |
| Loss on derivative instruments |
DerivativeGainLossOnDerivativeNet
|
$-391.00M | USD | 1 Quarter |
| Net cash (paid) received in settlement of derivative instruments |
ProceedsfromPaymentsforDerivativeInstrumentOperatingActivities
|
$3.00M | USD | 1 Quarter |
| Net cash (paid) received in settlement of derivative instruments |
ProceedsfromPaymentsforDerivativeInstrumentOperatingActivities
|
$-171.00M | USD | 1 Quarter |
| Amortization of premium and debt issuance costs |
AmortizationOfDebtDiscountPremium
|
$-10.00M | USD | 1 Quarter |
| Amortization of premium and debt issuance costs |
AmortizationOfDebtDiscountPremium
|
$1.00M | USD | 1 Quarter |
| Stock-based compensation and other |
StockBasedCompensationExpenseAndOther
|
$11.00M | USD | 1 Quarter |
| Stock-based compensation and other |
StockBasedCompensationExpenseAndOther
|
$20.00M | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInReceivables
|
$57.00M | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInReceivables
|
$-17.00M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
$24.00M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
$124.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$1.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$2.00M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-1.00M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-2.00M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$4.00M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$21.00M | USD | 1 Quarter |
| Interest payable |
IncreaseDecreaseInInterestPayableNet
|
$1.00M | USD | 1 Quarter |
| Interest payable |
IncreaseDecreaseInInterestPayableNet
|
$-13.00M | USD | 1 Quarter |
| Other assets and liabilities |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$2.00M | USD | 1 Quarter |
| Other assets and liabilities |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-1.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$290.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$1.32B | USD | 1 Quarter |
| Capital expenditures |
PaymentsToExploreAndDevelopOilAndGasProperties
|
$123.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToExploreAndDevelopOilAndGasProperties
|
$271.00M | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$2.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-123.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-269.00M | USD | 1 Quarter |
| Repayments of debt |
RepaymentsOfLongTermDebt
|
- | USD | 1 Quarter |
| Repayments of debt |
RepaymentsOfLongTermDebt
|
$88.00M | USD | 1 Quarter |
| Repayments of finance leases |
FinanceLeasePrincipalPayments
|
- | USD | 1 Quarter |
| Repayments of finance leases |
FinanceLeasePrincipalPayments
|
$2.00M | USD | 1 Quarter |
| Share repurchases |
PaymentsForRepurchaseOfEquity
|
$184.00M | USD | 1 Quarter |
| Share repurchases |
PaymentsForRepurchaseOfEquity
|
- | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$456.00M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$40.00M | USD | 1 Quarter |
| Cash received for stock option exercises |
ProceedsFromStockOptionsExercised
|
- | USD | 1 Quarter |
| Cash received for stock option exercises |
ProceedsFromStockOptionsExercised
|
$6.00M | USD | 1 Quarter |
| Tax withholdings on vesting of stock awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$6.00M | USD | 1 Quarter |
| Tax withholdings on vesting of stock awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$6.00M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-642.00M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-134.00M | USD | 1 Quarter |
| Net increase in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$411.00M | USD | 1 Quarter |
| Net increase in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$33.00M | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.05B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.46B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$185.00M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$152.00M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.05B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.46B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$185.00M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$152.00M | USD | Point-in-time |
Stockholders Equity
25 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash dividends, per share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.10 | USD | 1 Quarter |
| Cash dividends, per share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.15 | USD | Point-in-time |
| Cash dividends, per share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.12 | USD | Annual |
| Cash dividends, per share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.56 | USD | 1 Quarter |
| Preferred stock, dividends (in dollars per share) |
PreferredStockDividendsPerShareDeclared
|
$20.31 | USD | 1 Quarter |
| Balance at beginning of period |
StockholdersEquity
|
$2.22B | USD | Point-in-time |
| Balance at beginning of period |
StockholdersEquity
|
$2.31B | USD | Point-in-time |
| Balance at beginning of period |
StockholdersEquity
|
$11.72B | USD | Point-in-time |
| Balance at beginning of period |
StockholdersEquity
|
$11.74B | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$608.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$126.00M | USD | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$6.00M | USD | 1 Quarter |
| Stock amortization and vesting |
StockAmortizationAndVesting
|
$4.00M | USD | 1 Quarter |
| Stock amortization and vesting |
StockAmortizationAndVesting
|
$10.00M | USD | 1 Quarter |
| Share repurchases (in shares) |
StockRepurchasedDuringPeriodShares
|
8.00M | shares | 1 Quarter |
| Share repurchases |
StockRepurchasedDuringPeriodValue
|
$192.00M | USD | 1 Quarter |
| Share repurchases |
StockRepurchasedDuringPeriodValue
|
$8.00M | USD | Annual |
| Common stock cash dividends |
DividendsCommonStockCash
|
$455.00M | USD | 1 Quarter |
| Common stock cash dividends |
DividendsCommonStockCash
|
$40.00M | USD | 1 Quarter |
| Preferred stock dividends |
DividendsPreferredStockCash
|
$1.00M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$4.00M | USD | 1 Quarter |
| Balance at end of period |
StockholdersEquity
|
$2.22B | USD | Point-in-time |
| Balance at end of period |
StockholdersEquity
|
$2.31B | USD | Point-in-time |
| Balance at end of period |
StockholdersEquity
|
$11.72B | USD | Point-in-time |
| Balance at end of period |
StockholdersEquity
|
$11.74B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.