10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-15-003874 |
| Period End Date | 20150331 |
| Filing Date | 20150511 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | crk-20150331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
61 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.50 | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.50 | USD | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.77M | USD | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$228.90M | USD | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.97M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
75.00M | shares | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.07M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
75.00M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
47.58M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
46.86M | shares | Point-in-time |
| Oil and gas sales |
AccountsReceivableNetCurrent
|
$23.16M | USD | Point-in-time |
| Oil and gas sales |
AccountsReceivableNetCurrent
|
$32.85M | USD | Point-in-time |
| Joint interest operations |
OilAndGasJointInterestBillingReceivablesCurrent
|
$16.19M | USD | Point-in-time |
| Joint interest operations |
OilAndGasJointInterestBillingReceivablesCurrent
|
$10.80M | USD | Point-in-time |
| Other Current Assets |
OtherAssetsCurrent
|
$10.11M | USD | Point-in-time |
| Other Current Assets |
OtherAssetsCurrent
|
$2.42M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$265.27M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$61.22M | USD | Point-in-time |
| Unevaluated oil and gas properties |
UnprovedOilAndGasPropertySuccessfulEffortMethod
|
$161.01M | USD | Point-in-time |
| Unevaluated oil and gas properties |
UnprovedOilAndGasPropertySuccessfulEffortMethod
|
$201.46M | USD | Point-in-time |
| Oil and gas properties, successful efforts method |
ProvedOilAndGasPropertySuccessfulEffortMethod
|
$4.41B | USD | Point-in-time |
| Oil and gas properties, successful efforts method |
ProvedOilAndGasPropertySuccessfulEffortMethod
|
$4.28B | USD | Point-in-time |
| Other |
PropertyPlantAndEquipmentOther
|
$19.63M | USD | Point-in-time |
| Other |
PropertyPlantAndEquipmentOther
|
$19.32M | USD | Point-in-time |
| Accumulated depreciation, depletion and amortization |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$2.31B | USD | Point-in-time |
| Accumulated depreciation, depletion and amortization |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$2.40B | USD | Point-in-time |
| Net property and equipment |
PropertyPlantAndEquipmentNet
|
$2.20B | USD | Point-in-time |
| Net property and equipment |
PropertyPlantAndEquipmentNet
|
$2.19B | USD | Point-in-time |
| Other Assets |
OtherAssetsNoncurrent
|
$26.23M | USD | Point-in-time |
| Other Assets |
OtherAssetsNoncurrent
|
$14.95M | USD | Point-in-time |
| Total Assets |
Assets
|
$2.27B | USD | Point-in-time |
| Total Assets |
Assets
|
$2.48B | USD | Point-in-time |
| Accounts Payable |
AccountsPayableCurrent
|
$117.33M | USD | Point-in-time |
| Accounts Payable |
AccountsPayableCurrent
|
$116.28M | USD | Point-in-time |
| Accrued Liabilities |
AccruedLiabilitiesCurrent
|
$44.84M | USD | Point-in-time |
| Accrued Liabilities |
AccruedLiabilitiesCurrent
|
$48.88M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$162.17M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$165.17M | USD | Point-in-time |
| Long-term Debt |
LongTermDebtNoncurrent
|
$1.39B | USD | Point-in-time |
| Long-term Debt |
LongTermDebtNoncurrent
|
$1.07B | USD | Point-in-time |
| Deferred Income Taxes |
DeferredTaxLiabilitiesNoncurrent
|
$154.55M | USD | Point-in-time |
| Deferred Income Taxes |
DeferredTaxLiabilitiesNoncurrent
|
$114.40M | USD | Point-in-time |
| Reserve for Future Abandonment Costs |
AssetRetirementObligationsNoncurrent
|
$15.09M | USD | Point-in-time |
| Reserve for Future Abandonment Costs |
AssetRetirementObligationsNoncurrent
|
$15.31M | USD | Point-in-time |
| Reserve for Future Abandonment Costs |
AssetRetirementObligationsNoncurrent
|
$14.53M | USD | Point-in-time |
| Reserve for Future Abandonment Costs |
AssetRetirementObligationsNoncurrent
|
$14.90M | USD | Point-in-time |
| Other Non-Current Liabilities |
OtherLiabilitiesNoncurrent
|
$2.00M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.69B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.40B | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock $0.50 par, 75,000,000 shares authorized, 47,575,711 and 46,858,415 shares outstanding at March 31, 2015 and December 31, 2014, respectively |
CommonStockValue
|
$23.79M | USD | Point-in-time |
| Common stock $0.50 par, 75,000,000 shares authorized, 47,575,711 and 46,858,415 shares outstanding at March 31, 2015 and December 31, 2014, respectively |
CommonStockValue
|
$23.43M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$480.43M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$479.93M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$287.91M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$366.41M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$870.27M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$791.63M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$2.27B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$2.48B | USD | Point-in-time |
Income Statement
45 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Oil sales |
OilAndCondensateRevenue
|
$90.31M | USD | 1 Quarter |
| Oil sales |
OilAndCondensateRevenue
|
$45.95M | USD | 1 Quarter |
| Natural gas sales |
NaturalGasProductionRevenue
|
$51.60M | USD | 1 Quarter |
| Natural gas sales |
NaturalGasProductionRevenue
|
$20.57M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$66.52M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$141.91M | USD | 1 Quarter |
| Production taxes |
ProductionAndSeveranceTaxesOperatingExpense
|
$5.60M | USD | 1 Quarter |
| Production taxes |
ProductionAndSeveranceTaxesOperatingExpense
|
$2.97M | USD | 1 Quarter |
| Gathering and transportation |
GasGatheringTransportationMarketingAndProcessingCosts
|
$3.78M | USD | 1 Quarter |
| Gathering and transportation |
GasGatheringTransportationMarketingAndProcessingCosts
|
$2.85M | USD | 1 Quarter |
| Lease operating |
LeaseOperatingExpense
|
$15.06M | USD | 1 Quarter |
| Lease operating |
LeaseOperatingExpense
|
$15.14M | USD | 1 Quarter |
| Exploration |
ExplorationExpenseIncludingUnprovedImpairmentsAndExploratoryDryHoleCosts
|
$42.23M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$88.87M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$91.89M | USD | 1 Quarter |
| General and administrative, net |
GeneralAndAdministrativeExpense
|
$8.37M | USD | 1 Quarter |
| General and administrative, net |
GeneralAndAdministrativeExpense
|
$7.97M | USD | 1 Quarter |
| Impairment of oil and gas properties |
ImpairmentOfOilAndGasProperties
|
$403.00K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$163.45M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$121.68M | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$20.23M | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$-96.93M | USD | 1 Quarter |
| Net loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-2.73M | USD | 1 Quarter |
| Loss from derivative financial instruments |
GainLossOnSaleOfCommodityContracts
|
$-4.95M | USD | 1 Quarter |
| Other income |
InterestAndOtherIncome
|
$251.00K | USD | 1 Quarter |
| Other income |
InterestAndOtherIncome
|
$287.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$20.75M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$13.68M | USD | 1 Quarter |
| Total other income (expenses) |
NonoperatingIncomeExpense
|
$-18.38M | USD | 1 Quarter |
| Total other income (expenses) |
NonoperatingIncomeExpense
|
$-23.20M | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-120.13M | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$1.85M | USD | 1 Quarter |
| Benefit from (provision for) income taxes |
IncomeTaxExpenseBenefit
|
$688.00K | USD | 1 Quarter |
| Benefit from (provision for) income taxes |
IncomeTaxExpenseBenefit
|
$-41.63M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$1.17M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$-78.50M | USD | 1 Quarter |
| Net income (loss), Basic |
EarningsPerShareBasic
|
$0.02 | USD | 1 Quarter |
| Net income (loss), Basic |
EarningsPerShareBasic
|
$-1.71 | USD | 1 Quarter |
| Net income (loss), Diluted |
EarningsPerShareDiluted
|
$0.02 | USD | 1 Quarter |
| Net income (loss), Diluted |
EarningsPerShareDiluted
|
$-1.71 | USD | 1 Quarter |
| Dividends per share |
CommonStockDividendsPerShareDeclared
|
$0.12 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
46.03M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
46.60M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
46.03M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
46.75M | shares | 1 Quarter |
Cash Flow Statement
51 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
NetIncomeLoss
|
$1.17M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$-78.50M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$674.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-41.69M | USD | 1 Quarter |
| Leasehold impairments and other exploration costs |
LeaseHoldImpairmentsAndOtherExplorationCosts
|
$42.23M | USD | 1 Quarter |
| Impairment of oil and gas properties |
ImpairmentOfOilAndGasProperties
|
$403.00K | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$88.87M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$91.89M | USD | 1 Quarter |
| Loss on derivative financial instruments |
GainLossOnSaleOfCommodityContracts
|
$-4.95M | USD | 1 Quarter |
| Settlements of derivative financial instruments |
DerivativeCashReceivedOnHedge
|
$1.30M | USD | 1 Quarter |
| Net loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-2.73M | USD | 1 Quarter |
| Amortization of debt discount, premium and issuance costs |
AmortizationOfFinancingCostsAndDiscounts
|
$1.16M | USD | 1 Quarter |
| Amortization of debt discount, premium and issuance costs |
AmortizationOfFinancingCostsAndDiscounts
|
$1.06M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$2.26M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$1.89M | USD | 1 Quarter |
| Excess income taxes from stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
$-1.51M | USD | 1 Quarter |
| Excess income taxes from stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
$-1.10M | USD | 1 Quarter |
| (Increase) decrease in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-15.08M | USD | 1 Quarter |
| (Increase) decrease in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$23.02M | USD | 1 Quarter |
| (Increase) decrease in other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-7.72M | USD | 1 Quarter |
| (Increase) decrease in other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$415.00K | USD | 1 Quarter |
| Increase in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$20.29M | USD | 1 Quarter |
| Increase in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$16.53M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$95.74M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$60.86M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$141.03M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$237.46M | USD | 1 Quarter |
| Cash used for investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-141.03M | USD | 1 Quarter |
| Cash used for investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-237.46M | USD | 1 Quarter |
| Borrowings |
ProceedsFromIssuanceOfLongTermDebt
|
$150.00M | USD | 1 Quarter |
| Borrowings |
ProceedsFromIssuanceOfLongTermDebt
|
$740.00M | USD | 1 Quarter |
| Principal payments on debt |
RepaymentsOfLongTermDebt
|
$415.00M | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$50.00K | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$15.97M | USD | 1 Quarter |
| Tax withholdings related to restricted stock |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$2.35M | USD | 1 Quarter |
| Tax withholdings related to restricted stock |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$526.00K | USD | 1 Quarter |
| Excess income taxes from stock-based compensation |
TaxBenefitCostFromShareBasedCompensationFinancingActivities
|
$-1.51M | USD | 1 Quarter |
| Excess income taxes from stock-based compensation |
TaxBenefitCostFromShareBasedCompensationFinancingActivities
|
$-1.10M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$5.98M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$140.52M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$306.99M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.20M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$226.82M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.77M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$228.90M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.97M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.07M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.77M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$228.90M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.97M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.07M | USD | Point-in-time |
Stockholders Equity
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$870.27M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$791.63M | USD | Point-in-time |
| Stock-based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$1.89M | USD | 1 Quarter |
| Restricted stock used for tax withholdings |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$-526.00K | USD | 1 Quarter |
| Excess income taxes from stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
$-1.51M | USD | 1 Quarter |
| Excess income taxes from stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
$-1.10M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$1.17M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-78.50M | USD | 1 Quarter |
| Ending Balance |
StockholdersEquity
|
$870.27M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$791.63M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.