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10-Q Filing

RANGE RESOURCES CORP CIK: 315852 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001564590-18-009081
Period End Date 20180331
Filing Date 20180425
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance rrc-20180331.xml
Filing Contents
Balance Sheet 96 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts on accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $7.11M USD Point-in-time
Allowance for doubtful accounts on accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $7.11M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $448.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $527.00K USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $314.00K USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $545.00K USD Point-in-time
Accounts receivable, less allowance for doubtful accounts of $7,112 and $7,111 AccountsReceivableNetCurrent $348.83M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts receivable, less allowance for doubtful accounts of $7,112 and $7,111 AccountsReceivableNetCurrent $294.45M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Derivative assets DerivativeAssetsCurrent $12.91M USD Point-in-time
Derivative assets DerivativeAssetsCurrent $58.61M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Inventory and other InventoryNet $30.06M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Inventory and other InventoryNet $21.35M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Total current assets AssetsCurrent $337.95M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 475.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 475.00M shares Point-in-time
Total current assets AssetsCurrent $429.23M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 248.14M shares Point-in-time
Derivative assets DerivativeAssetsNoncurrent $273.00K USD Point-in-time
Derivative assets DerivativeAssetsNoncurrent $10.22M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 249.24M shares Point-in-time
Common stock held in treasury, shares TreasuryStockShares 14,072.00 shares Point-in-time
Goodwill Goodwill $1.64B USD Point-in-time
Common stock held in treasury, shares TreasuryStockShares 14,967.00 shares Point-in-time
Goodwill Goodwill $1.64B USD Point-in-time
Natural gas and oil properties, successful efforts method OilAndGasPropertySuccessfulEffortMethodGross $13.22B USD Point-in-time
Natural gas and oil properties, successful efforts method OilAndGasPropertySuccessfulEffortMethodGross $13.46B USD Point-in-time
Accumulated depletion and depreciation OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization $3.65B USD Point-in-time
Accumulated depletion and depreciation OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization $3.81B USD Point-in-time
Natural gas and oil properties, successful efforts method, net OilAndGasPropertySuccessfulEffortMethodNet $9.65B USD Point-in-time
Natural gas and oil properties, successful efforts method, net OilAndGasPropertySuccessfulEffortMethodNet $9.57B USD Point-in-time
Other property and equipment PropertyPlantAndEquipmentOther $114.36M USD Point-in-time
Other property and equipment PropertyPlantAndEquipmentOther $114.57M USD Point-in-time
Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $99.69M USD Point-in-time
Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $101.29M USD Point-in-time
Other Property and equipment, net PropertyPlantAndEquipmentNet $14.67M USD Point-in-time
Other Property and equipment, net PropertyPlantAndEquipmentNet $13.27M USD Point-in-time
Other assets OtherAssetsNoncurrent $77.23M USD Point-in-time
Other assets OtherAssetsNoncurrent $76.73M USD Point-in-time
Total assets Assets $11.73B USD Point-in-time
Total assets Assets $11.73B USD Point-in-time
Accounts payable AccountsPayableCurrent $343.87M USD Point-in-time
Accounts payable AccountsPayableCurrent $314.82M USD Point-in-time
Asset retirement obligations AssetRetirementObligationCurrent $6.33M USD Point-in-time
Asset retirement obligations AssetRetirementObligationCurrent $6.33M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $282.81M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $317.53M USD Point-in-time
Accrued interest InterestPayableCurrent $36.49M USD Point-in-time
Accrued interest InterestPayableCurrent $43.51M USD Point-in-time
Derivative liabilities DerivativeLiabilitiesCurrent $38.40M USD Point-in-time
Derivative liabilities DerivativeLiabilitiesCurrent $44.23M USD Point-in-time
Total current liabilities LiabilitiesCurrent $755.47M USD Point-in-time
Total current liabilities LiabilitiesCurrent $678.85M USD Point-in-time
Bank debt LongTermLineOfCredit $1.18B USD Point-in-time
Bank debt LongTermLineOfCredit $1.21B USD Point-in-time
Senior notes SeniorNotesNetOfDebtIssuanceCosts $2.85B USD Point-in-time
Senior notes SeniorNotesNetOfDebtIssuanceCosts $2.85B USD Point-in-time
Senior subordinated notes SubordinatedLongTermDebtNetOfDebtIssuanceCosts $48.59M USD Point-in-time
Senior subordinated notes SubordinatedLongTermDebtNetOfDebtIssuanceCosts $48.61M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $736.05M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $693.36M USD Point-in-time
Derivative liabilities DerivativeLiabilitiesNoncurrent $9.79M USD Point-in-time
Derivative liabilities DerivativeLiabilitiesNoncurrent $3.83M USD Point-in-time
Deferred compensation liabilities DeferredCompensationLiabilityClassifiedNoncurrent $101.33M USD Point-in-time
Deferred compensation liabilities DeferredCompensationLiabilityClassifiedNoncurrent $101.10M USD Point-in-time
Asset retirement obligations and other liabilities AssetRetirementObligationsNonCurrentAndOther $286.04M USD Point-in-time
Asset retirement obligations and other liabilities AssetRetirementObligationsNonCurrentAndOther $293.81M USD Point-in-time
Total liabilities Liabilities $5.95B USD Point-in-time
Total liabilities Liabilities $5.90B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $1 par, 10,000,000 shares authorized, none issued and outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $1 par, 10,000,000 shares authorized, none issued and outstanding PreferredStockValue - USD Point-in-time
Common stock, $0.01 par, 475,000,000 shares authorized, 249,236,392 issued at March 31, 2018 and 248,144,397 issued at December 31, 2017 CommonStockValue $2.48M USD Point-in-time
Common stock, $0.01 par, 475,000,000 shares authorized, 249,236,392 issued at March 31, 2018 and 248,144,397 issued at December 31, 2017 CommonStockValue $2.49M USD Point-in-time
Common stock held in treasury, 14,072 shares at March 31, 2018 and 14,967 shares at December 31, 2017 TreasuryStockValue $599.00K USD Point-in-time
Common stock held in treasury, 14,072 shares at March 31, 2018 and 14,967 shares at December 31, 2017 TreasuryStockValue $569.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $5.59B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $5.58B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.33M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.26M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $240.26M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $195.99M USD Point-in-time
Total stockholders equity StockholdersEquity $5.77B USD Point-in-time
Total stockholders equity StockholdersEquity $5.83B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $11.73B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $11.73B USD Point-in-time
Income Statement 56 line items
Line Item Tag Value Unit Period
Natural gas, NGLs and oil sales OilAndGasSalesRevenue $696.63M USD 1 Quarter
Natural gas, NGLs and oil sales OilAndGasSalesRevenue $559.45M USD 1 Quarter
Derivative fair value (loss) income DerivativeGainLossOnDerivativeNet $-14.01M USD 1 Quarter
Derivative fair value (loss) income DerivativeGainLossOnDerivativeNet $165.56M USD 1 Quarter
Brokered natural gas, marketing and other BrokeredNaturalGasMarginRevenue $51.65M USD 1 Quarter
Brokered natural gas, marketing and other BrokeredNaturalGasMarginRevenue $59.98M USD 1 Quarter
Total revenues and other income Revenues $742.60M USD 1 Quarter
Total revenues and other income Revenues $776.65M USD 1 Quarter
Direct operating OilAndGasProductionExpense $28.02M USD 1 Quarter
Direct operating OilAndGasProductionExpense $38.12M USD 1 Quarter
Transportation, gathering, processing and compression GasGatheringTransportationMarketingAndProcessingCosts $244.63M USD 1 Quarter
Transportation, gathering, processing and compression GasGatheringTransportationMarketingAndProcessingCosts $177.65M USD 1 Quarter
Production and ad valorem taxes ProductionTaxExpense $9.16M USD 1 Quarter
Production and ad valorem taxes ProductionTaxExpense $9.93M USD 1 Quarter
Brokered natural gas and marketing BrokeredNaturalGasMarginCosts $53.55M USD 1 Quarter
Brokered natural gas and marketing BrokeredNaturalGasMarginCosts $55.59M USD 1 Quarter
Exploration ExplorationExpense $7.72M USD 1 Quarter
Exploration ExplorationExpense $8.50M USD 1 Quarter
Abandonment and impairment of unproved properties ExplorationAbandonmentAndImpairmentExpense $4.42M USD 1 Quarter
Abandonment and impairment of unproved properties ExplorationAbandonmentAndImpairmentExpense $11.77M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $68.42M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $47.50M USD 1 Quarter
Termination costs RestructuringCharges $-37.00K USD 1 Quarter
Termination costs RestructuringCharges $4.19M USD 1 Quarter
Deferred compensation plan DeferredCompensationArrangementGainLoss $7.40M USD 1 Quarter
Deferred compensation plan DeferredCompensationArrangementGainLoss $13.17M USD 1 Quarter
Interest InterestExpense $47.10M USD 1 Quarter
Interest InterestExpense $52.38M USD 1 Quarter
Depletion, depreciation and amortization ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions $162.27M USD 1 Quarter
Depletion, depreciation and amortization ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions $149.82M USD 1 Quarter
Impairment of proved properties AssetImpairmentCharges $7.31M USD 1 Quarter
Impairment of proved properties AssetImpairmentCharges - USD 1 Quarter
Gain on the sale of assets GainLossOnSaleOfOilAndGasProperty $22.60M USD 1 Quarter
Gain on the sale of assets GainLossOnSaleOfOilAndGasProperty $23.00K USD 1 Quarter
Total costs and expenses CostsAndExpenses $650.68M USD 1 Quarter
Total costs and expenses CostsAndExpenses $494.15M USD 1 Quarter
Income before income taxes ResultsOfOperationsIncomeBeforeIncomeTaxes $91.91M USD 1 Quarter
Income before income taxes ResultsOfOperationsIncomeBeforeIncomeTaxes $282.51M USD 1 Quarter
Current CurrentIncomeTaxExpenseBenefit - USD 1 Quarter
Current CurrentIncomeTaxExpenseBenefit - USD 1 Quarter
Deferred DeferredIncomeTaxExpenseBenefit $42.68M USD 1 Quarter
Deferred DeferredIncomeTaxExpenseBenefit $112.39M USD 1 Quarter
Total (benefit) expense for income taxes IncomeTaxExpenseBenefit $42.68M USD 1 Quarter
Total (benefit) expense for income taxes IncomeTaxExpenseBenefit $112.39M USD 1 Quarter
Net income NetIncomeLoss $49.24M USD 1 Quarter
Net income NetIncomeLoss $170.11M USD 1 Quarter
Basic EarningsPerShareBasic $0.69 USD 1 Quarter
Basic EarningsPerShareBasic $0.20 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.69 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.20 USD 1 Quarter
Dividends paid per common share CommonStockDividendsPerShareDeclared $0.02 USD 1 Quarter
Dividends paid per common share CommonStockDividendsPerShareDeclared $0.02 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 245.71M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 244.65M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 244.80M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 246.59M shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $49.24M USD 1 Quarter
Net income NetIncomeLoss $170.11M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxExpenseBenefit $42.68M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxExpenseBenefit $112.39M USD 1 Quarter
Depletion, depreciation and amortization and impairment DepreciationDepletionAndAmortization $149.82M USD 1 Quarter
Depletion, depreciation and amortization and impairment DepreciationDepletionAndAmortization $169.58M USD 1 Quarter
Exploration dry hole costs ResultsOfOperationsDryHoleCosts - USD 1 Quarter
Exploration dry hole costs ResultsOfOperationsDryHoleCosts $2.00K USD 1 Quarter
Abandonment and impairment of unproved properties ExplorationAbandonmentAndImpairmentExpense $4.42M USD 1 Quarter
Abandonment and impairment of unproved properties ExplorationAbandonmentAndImpairmentExpense $11.77M USD 1 Quarter
Derivative fair value loss (income) DerivativeGainLossOnDerivativeNet $-14.01M USD 1 Quarter
Derivative fair value loss (income) DerivativeGainLossOnDerivativeNet $165.56M USD 1 Quarter
Cash settlements on derivative financial instruments CashProceedsAndSettlementsOnDerivatives $-8.93M USD 1 Quarter
Cash settlements on derivative financial instruments CashProceedsAndSettlementsOnDerivatives $4.18M USD 1 Quarter
Amortization of deferred financing costs and other OtherOperatingActivitiesCashFlowStatement $1.31M USD 1 Quarter
Amortization of deferred financing costs and other OtherOperatingActivitiesCashFlowStatement $1.31M USD 1 Quarter
Deferred and stock-based compensation ShareBasedCompensationIncludingDeferredAmounts $18.53M USD 1 Quarter
Deferred and stock-based compensation ShareBasedCompensationIncludingDeferredAmounts $962.00K USD 1 Quarter
Gain on the sale of assets GainLossOnSaleOfOilAndGasProperty $22.60M USD 1 Quarter
Gain on the sale of assets GainLossOnSaleOfOilAndGasProperty $23.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $4.69M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-53.91M USD 1 Quarter
Inventory and other IncreaseDecreaseInInventories $-2.87M USD 1 Quarter
Inventory and other IncreaseDecreaseInInventories $5.29M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $24.38M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $47.45M USD 1 Quarter
Accrued liabilities and other IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-43.38M USD 1 Quarter
Accrued liabilities and other IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-41.52M USD 1 Quarter
Net cash provided from operating activities NetCashProvidedByUsedInOperatingActivities $370.57M USD 1 Quarter
Net cash provided from operating activities NetCashProvidedByUsedInOperatingActivities $225.86M USD 1 Quarter
Additions to natural gas and oil properties PaymentsToAcquireOilAndGasPropertyAndEquipment $186.73M USD 1 Quarter
Additions to natural gas and oil properties PaymentsToAcquireOilAndGasPropertyAndEquipment $308.64M USD 1 Quarter
Additions to field service assets PaymentsToAcquirePropertyPlantAndEquipment $1.56M USD 1 Quarter
Additions to field service assets PaymentsToAcquirePropertyPlantAndEquipment $239.00K USD 1 Quarter
Acreage purchases PaymentsToAcquireOilAndGasProperty $25.36M USD 1 Quarter
Acreage purchases PaymentsToAcquireOilAndGasProperty $28.73M USD 1 Quarter
Proceeds from disposal of assets ProceedsFromSaleOfProductiveAssets $40.00K USD 1 Quarter
Proceeds from disposal of assets ProceedsFromSaleOfProductiveAssets $26.05M USD 1 Quarter
Purchases of marketable securities held by the deferred compensation plan PaymentsToAcquireMarketableSecurities $12.39M USD 1 Quarter
Purchases of marketable securities held by the deferred compensation plan PaymentsToAcquireMarketableSecurities $13.15M USD 1 Quarter
Proceeds from the sales of marketable securities held by the deferred compensation plan ProceedsFromSaleAndMaturityOfMarketableSecurities $10.23M USD 1 Quarter
Proceeds from the sales of marketable securities held by the deferred compensation plan ProceedsFromSaleAndMaturityOfMarketableSecurities $11.93M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-335.42M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-193.12M USD 1 Quarter
Borrowings on credit facilities ProceedsFromLongTermLinesOfCredit $528.00M USD 1 Quarter
Borrowings on credit facilities ProceedsFromLongTermLinesOfCredit $448.00M USD 1 Quarter
Repayments on credit facilities RepaymentsOfLongTermLinesOfCredit $484.00M USD 1 Quarter
Repayments on credit facilities RepaymentsOfLongTermLinesOfCredit $557.00M USD 1 Quarter
Repayment of senior notes RepaymentsOfSeniorDebt $500.00K USD 1 Quarter
Repayment of senior notes RepaymentsOfSeniorDebt - USD 1 Quarter
Dividends paid PaymentsOfDividends $4.95M USD 1 Quarter
Dividends paid PaymentsOfDividends $4.97M USD 1 Quarter
Taxes paid for shares withheld PaymentsRelatedToTaxWithholdingForShareBasedCompensation $5.88M USD 1 Quarter
Taxes paid for shares withheld PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.66M USD 1 Quarter
Change in cash overdrafts ProceedsFromRepaymentsOfBankOverdrafts $11.80M USD 1 Quarter
Change in cash overdrafts ProceedsFromRepaymentsOfBankOverdrafts $922.00K USD 1 Quarter
Proceeds from the sales of common stock held by the deferred compensation plan ProceedsFromSaleOfCommonStockHeldByDeferredCompensationPlan $635.00K USD 1 Quarter
Proceeds from the sales of common stock held by the deferred compensation plan ProceedsFromSaleOfCommonStockHeldByDeferredCompensationPlan $3.02M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-32.51M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-35.07M USD 1 Quarter
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $231.00K USD 1 Quarter
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $79.00K USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $448.00K USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $527.00K USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $314.00K USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $545.00K USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $448.00K USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $527.00K USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $314.00K USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $545.00K USD Point-in-time
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $49.24M USD 1 Quarter
Net income NetIncomeLoss $170.11M USD 1 Quarter
Prior service cost OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax - USD 1 Quarter
Prior service cost OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax $-92.00K USD 1 Quarter
Income tax benefit OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect $-23.00K USD 1 Quarter
Income tax benefit OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect - USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $49.31M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $170.11M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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