10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-16-017706 |
| Period End Date | 20160331 |
| Filing Date | 20160504 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | crk-20160331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
63 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
|
$89.32M | USD | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$134.01M | USD | 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 authorized |
CommonStockSharesAuthorized
|
75.00M | shares | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$228.90M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
47.72M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
53.15M | shares | Point-in-time |
| Oil and gas sales |
AccountsReceivableNetCurrent
|
$11.75M | USD | Point-in-time |
| Oil and gas sales |
AccountsReceivableNetCurrent
|
$15.24M | USD | Point-in-time |
| Joint interest operations |
OilAndGasJointInterestBillingReceivablesCurrent
|
$3.55M | USD | Point-in-time |
| Joint interest operations |
OilAndGasJointInterestBillingReceivablesCurrent
|
$2.75M | USD | Point-in-time |
| Derivative Financial Instruments |
DerivativeAssetsCurrent
|
$1.45M | USD | Point-in-time |
| Derivative Financial Instruments |
DerivativeAssetsCurrent
|
$1.10M | USD | Point-in-time |
| Assets Held for Sale |
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
$42.54M | USD | Point-in-time |
| Other Current Assets |
OtherAssetsCurrent
|
$1.99M | USD | Point-in-time |
| Other Current Assets |
OtherAssetsCurrent
|
$1.88M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$156.24M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$149.36M | USD | Point-in-time |
| Unproved oil and gas properties |
UnprovedOilAndGasPropertySuccessfulEffortMethod
|
$84.14M | USD | Point-in-time |
| Unproved oil and gas properties |
UnprovedOilAndGasPropertySuccessfulEffortMethod
|
$76.39M | USD | Point-in-time |
| Oil and gas properties, successful efforts method |
ProvedOilAndGasPropertySuccessfulEffortMethod
|
$4.33B | USD | Point-in-time |
| Oil and gas properties, successful efforts method |
ProvedOilAndGasPropertySuccessfulEffortMethod
|
$3.78B | USD | Point-in-time |
| Other |
PropertyPlantAndEquipmentOther
|
$19.52M | USD | Point-in-time |
| Other |
PropertyPlantAndEquipmentOther
|
$19.52M | USD | Point-in-time |
| Accumulated depreciation, depletion and amortization |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$2.95B | USD | Point-in-time |
| Accumulated depreciation, depletion and amortization |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$3.40B | USD | Point-in-time |
| Net property and equipment |
PropertyPlantAndEquipmentNet
|
$934.62M | USD | Point-in-time |
| Net property and equipment |
PropertyPlantAndEquipmentNet
|
$1.04B | USD | Point-in-time |
| Other Assets |
OtherAssetsNoncurrent
|
$1.16M | USD | Point-in-time |
| Other Assets |
OtherAssetsNoncurrent
|
$1.19M | USD | Point-in-time |
| Total Assets |
Assets
|
$1.09B | USD | Point-in-time |
| Total Assets |
Assets
|
$1.20B | USD | Point-in-time |
| Accounts Payable |
AccountsPayableCurrent
|
$57.28M | USD | Point-in-time |
| Accounts Payable |
AccountsPayableCurrent
|
$41.58M | USD | Point-in-time |
| Accrued Liabilities |
AccruedLiabilitiesCurrent
|
$30.67M | USD | Point-in-time |
| Accrued Liabilities |
AccruedLiabilitiesCurrent
|
$38.44M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$72.25M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$95.72M | USD | Point-in-time |
| Long-term Debt |
LongTermDebtNoncurrent
|
$1.25B | USD | Point-in-time |
| Long-term Debt |
LongTermDebtNoncurrent
|
$1.21B | USD | Point-in-time |
| Deferred Income Taxes |
DeferredTaxLiabilitiesNoncurrent
|
$1.97M | USD | Point-in-time |
| Deferred Income Taxes |
DeferredTaxLiabilitiesNoncurrent
|
$6.42M | USD | Point-in-time |
| Reserve for Future Abandonment Costs |
AssetRetirementObligationsNoncurrent
|
$20.09M | USD | Point-in-time |
| Reserve for Future Abandonment Costs |
AssetRetirementObligationsNoncurrent
|
$14.90M | USD | Point-in-time |
| Reserve for Future Abandonment Costs |
AssetRetirementObligationsNoncurrent
|
$15.31M | USD | Point-in-time |
| Reserve for Future Abandonment Costs |
AssetRetirementObligationsNoncurrent
|
$16.10M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.31B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.37B | 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, 53,148,937 and 47,720,176 shares outstanding at March 31, 2016 and December 31, 2015, respectively |
CommonStockValue
|
$23.86M | USD | Point-in-time |
| Common stock $0.50 par, 75,000,000 shares authorized, 53,148,937 and 47,720,176 shares outstanding at March 31, 2016 and December 31, 2015, respectively |
CommonStockValue
|
$26.57M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$490.48M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$485.58M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-737.28M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-680.70M | USD | Point-in-time |
| Total stockholders' deficit |
StockholdersEquity
|
$-171.26M | USD | Point-in-time |
| Total stockholders' deficit |
StockholdersEquity
|
$-220.22M | USD | Point-in-time |
| Total liabilities and stockholders' deficit |
LiabilitiesAndStockholdersEquity
|
$1.09B | USD | Point-in-time |
| Total liabilities and stockholders' deficit |
LiabilitiesAndStockholdersEquity
|
$1.20B | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Oil sales |
OilAndCondensateRevenue
|
$45.95M | USD | 1 Quarter |
| Oil sales |
OilAndCondensateRevenue
|
$11.02M | USD | 1 Quarter |
| Natural gas sales |
NaturalGasProductionRevenue
|
$20.57M | USD | 1 Quarter |
| Natural gas sales |
NaturalGasProductionRevenue
|
$25.15M | USD | 1 Quarter |
| Total oil and gas sales |
OilAndGasSalesRevenue
|
$36.16M | USD | 1 Quarter |
| Total oil and gas sales |
OilAndGasSalesRevenue
|
$66.52M | USD | 1 Quarter |
| Gain on exchange of oil and gas properties |
GainOnExchangeOfOilAndGasProperty
|
$740.00K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$66.52M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$36.90M | USD | 1 Quarter |
| Production taxes |
ProductionAndSeveranceTaxesOperatingExpense
|
$1.19M | USD | 1 Quarter |
| Production taxes |
ProductionAndSeveranceTaxesOperatingExpense
|
$2.97M | USD | 1 Quarter |
| Gathering and transportation |
GasGatheringTransportationMarketingAndProcessingCosts
|
$4.37M | USD | 1 Quarter |
| Gathering and transportation |
GasGatheringTransportationMarketingAndProcessingCosts
|
$2.85M | USD | 1 Quarter |
| Lease operating |
LeaseOperatingExpense
|
$12.96M | USD | 1 Quarter |
| Lease operating |
LeaseOperatingExpense
|
$15.14M | USD | 1 Quarter |
| Exploration |
ExplorationExpenseIncludingUnprovedImpairmentsAndExploratoryDryHoleCosts
|
$7.75M | USD | 1 Quarter |
| Exploration |
ExplorationExpenseIncludingUnprovedImpairmentsAndExploratoryDryHoleCosts
|
$42.23M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$91.89M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$38.84M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$5.58M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$7.97M | USD | 1 Quarter |
| Impairment of oil and gas properties |
ImpairmentOfOilAndGasProperties
|
$403.00K | USD | 1 Quarter |
| Impairment of oil and gas properties |
ImpairmentOfOilAndGasProperties
|
$22.72M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$93.39M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$163.45M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-56.49M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-96.93M | USD | 1 Quarter |
| Net gain (loss) on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-2.73M | USD | 1 Quarter |
| Net gain (loss) on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$33.38M | USD | 1 Quarter |
| Gain on derivative financial instruments |
GainLossOnSaleOfCommodityContracts
|
$656.00K | USD | 1 Quarter |
| Other income |
InterestAndOtherIncome
|
$287.00K | USD | 1 Quarter |
| Other income |
InterestAndOtherIncome
|
$281.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$29.94M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$20.75M | USD | 1 Quarter |
| Total other income (expenses) |
NonoperatingIncomeExpense
|
$-23.20M | USD | 1 Quarter |
| Total other income (expenses) |
NonoperatingIncomeExpense
|
$4.37M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-120.13M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-52.12M | USD | 1 Quarter |
| (Provision for) benefit from income taxes |
IncomeTaxExpenseBenefit
|
$4.46M | USD | 1 Quarter |
| (Provision for) benefit from income taxes |
IncomeTaxExpenseBenefit
|
$-41.63M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-56.58M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-78.50M | USD | 1 Quarter |
| Net loss per share basic and diluted |
EarningsPerShareBasicAndDiluted
|
$-1.71 | USD | 1 Quarter |
| Net loss per share basic and diluted |
EarningsPerShareBasicAndDiluted
|
$-1.14 | USD | 1 Quarter |
| Weighted average shares outstanding basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
46.03M | shares | 1 Quarter |
| Weighted average shares outstanding basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
49.51M | shares | 1 Quarter |
Cash Flow Statement
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-56.58M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-78.50M | USD | 1 Quarter |
| Gain on exchange of oil and gas properties |
GainLossOnExchangeOfOilAndGasProperty
|
$740.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$4.45M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-41.69M | USD | 1 Quarter |
| Leasehold impairments, dry hole costs and other exploration costs |
DryHoleCostsLeaseHoldImpairmentsAndOtherExplorationCosts
|
$42.23M | USD | 1 Quarter |
| Leasehold impairments, dry hole costs and other exploration costs |
DryHoleCostsLeaseHoldImpairmentsAndOtherExplorationCosts
|
$7.75M | USD | 1 Quarter |
| Impairment of oil and gas properties |
ImpairmentOfOilAndGasProperties
|
$403.00K | USD | 1 Quarter |
| Impairment of oil and gas properties |
ImpairmentOfOilAndGasProperties
|
$22.72M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$91.89M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$38.84M | USD | 1 Quarter |
| Gain on derivative financial instruments |
GainLossOnSaleOfCommodityContracts
|
$656.00K | USD | 1 Quarter |
| Settlements of derivative financial instruments |
DerivativeCashPaidReceivedOnHedge
|
$-998.00K | USD | 1 Quarter |
| Net (gain) loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-2.73M | USD | 1 Quarter |
| Net (gain) loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$33.38M | USD | 1 Quarter |
| Amortization of debt discount, premium and issuance costs |
AmortizationOfFinancingCostsAndDiscounts
|
$1.28M | USD | 1 Quarter |
| Amortization of debt discount, premium and issuance costs |
AmortizationOfFinancingCostsAndDiscounts
|
$1.06M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$1.89M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$1.33M | USD | 1 Quarter |
| Excess income taxes from stock-based compensation |
TaxBenefitCostFromShareBasedCompensationOperatingActivities
|
$-1.51M | USD | 1 Quarter |
| Decrease in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-4.29M | USD | 1 Quarter |
| Decrease in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-15.08M | USD | 1 Quarter |
| Decrease in other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-7.72M | USD | 1 Quarter |
| Decrease in other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-109.00K | USD | 1 Quarter |
| Increase (decrease) in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$15.90M | USD | 1 Quarter |
| Increase (decrease) in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-21.44M | USD | 1 Quarter |
| Net cash provided by (used for) operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-31.04M | USD | 1 Quarter |
| Net cash provided by (used for) operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$60.23M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$140.40M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$14.19M | USD | 1 Quarter |
| Proceeds from asset sales |
ProceedsFromSaleOfOtherInvestments
|
$868.00K | USD | 1 Quarter |
| Net cash used for investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-140.40M | USD | 1 Quarter |
| Net cash used for investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-13.32M | USD | 1 Quarter |
| Borrowings |
ProceedsFromIssuanceOfLongTermDebt
|
$740.00M | USD | 1 Quarter |
| Principal payments on debt |
RepaymentsOfLongTermDebt
|
$415.00M | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$15.00K | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$15.97M | USD | 1 Quarter |
| Tax withholdings related to restricted stock |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$312.00K | 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 |
| Net cash provided by (used for) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$306.99M | USD | 1 Quarter |
| Net cash provided by (used for) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-327.00K | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-44.68M | 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
|
$89.32M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$134.01M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.07M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$228.90M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$89.32M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$134.01M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.07M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$228.90M | USD | Point-in-time |
Stockholders Equity
9 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$-171.26M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$-220.22M | USD | Point-in-time |
| Stock-based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$1.33M | USD | 1 Quarter |
| Restricted stock used for tax withholdings |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$312.00K | USD | 1 Quarter |
| Stock issued in exchange for debt |
StockIssuedInExchangeForDebtValue
|
$6.60M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-56.58M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-78.50M | USD | 1 Quarter |
| Ending Balance |
StockholdersEquity
|
$-171.26M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$-220.22M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.