10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-18-028915 |
| Period End Date | 20180930 |
| Filing Date | 20181109 |
| Fiscal Year | 2018 |
| Fiscal Period | Q3 |
| XBRL Instance | crk-20180930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
35 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.50 | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
155.00M | shares | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$31.78M | USD | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$894.19M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
105.88M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
105.88M | shares | Point-in-time |
| Oil and gas sales |
AccountsReceivableNetCurrent
|
$61.00M | USD | Point-in-time |
| Joint interest operations |
OilAndGasJointInterestBillingReceivablesCurrent
|
$19.62M | USD | Point-in-time |
| Other Current Assets |
OtherAssetsCurrent
|
$19.07M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$131.47M | USD | Point-in-time |
| Proved |
ProvedOilAndGasPropertySuccessfulEffortMethod
|
$1.57B | USD | Point-in-time |
| Unproved |
UnprovedOilAndGasPropertySuccessfulEffortMethod
|
$195.18M | USD | Point-in-time |
| Other |
PropertyPlantAndEquipmentOther
|
$4.44M | USD | Point-in-time |
| Accumulated depreciation, depletion and amortization |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$174.52M | USD | Point-in-time |
| Net property and equipment |
PropertyPlantAndEquipmentNet
|
$1.59B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$349.67M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$349.67M | USD | Point-in-time |
| Income Taxes Receivable |
IncomeTaxesReceivableNoncurrent
|
$19.09M | USD | Point-in-time |
| Other Assets |
OtherAssetsNoncurrent
|
$549.00K | USD | Point-in-time |
| Total Assets |
Assets
|
$2.09B | USD | Point-in-time |
| Accounts Payable |
AccountsPayableCurrent
|
$124.01M | USD | Point-in-time |
| Accrued Expenses |
AccruedLiabilitiesCurrent
|
$53.26M | USD | Point-in-time |
| Derivative Financial Instruments |
DerivativeLiabilitiesCurrent
|
$2.85M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$180.12M | USD | Point-in-time |
| Long-term Debt |
LongTermDebtNoncurrent
|
$1.24B | USD | Point-in-time |
| Deferred Income Taxes |
DeferredTaxLiabilitiesNoncurrent
|
$145.56M | USD | Point-in-time |
| Reserve for Future Abandonment Costs |
AssetRetirementObligationsNoncurrent
|
$4.74M | USD | Point-in-time |
| Reserve for Future Abandonment Costs |
AssetRetirementObligationsNoncurrent
|
$4.68M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.57B | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock $0.50 par, 155,000,000 shares authorized, 105,879,064 shares issued and outstanding at September 30, 2018, 75,000,000 authorized, 15,427,561 shares issued and outstanding as of December 31, 2017 |
CommonStockValue
|
$52.94M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$454.35M | USD | Point-in-time |
| Accumulated earnings (deficit) |
RetainedEarningsAccumulatedDeficit
|
$13.82M | USD | Point-in-time |
| Total stockholders' equity (deficit) |
StockholdersEquity
|
$521.11M | USD | Point-in-time |
| Total liabilities and stockholders' equity (deficit) |
LiabilitiesAndStockholdersEquity
|
$2.09B | USD | Point-in-time |
Income Statement
21 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total oil and gas sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$70.12M | USD | 1 Quarter |
| Production taxes |
ProductionAndSeveranceTaxesOperatingExpense
|
$4.05M | USD | 1 Quarter |
| Gathering and transportation |
GasGatheringAndTransportationCost
|
$3.45M | USD | 1 Quarter |
| Lease operating |
LeaseOperatingExpenses
|
$7.02M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$17.82M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$3.30M | USD | 1 Quarter |
| Loss (gain) on sale of oil and gas properties |
GainLossOnSaleOfOilAndGasProperty
|
$98.00K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$35.54M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$34.58M | USD | 1 Quarter |
| Gain (loss) from derivative financial instruments |
GainLossOnDerivativeInstrumentsNetPretax
|
$-2.02M | USD | 1 Quarter |
| Other income |
InterestAndOtherIncome
|
$42.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$14.85M | USD | 1 Quarter |
| Total other income (expenses) |
NonoperatingIncomeExpense
|
$-16.82M | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$17.76M | USD | 1 Quarter |
| Benefit from (provision for) income taxes |
IncomeTaxExpenseBenefit
|
$3.94M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$13.82M | USD | 1 Quarter |
| Net income (loss) per share basic and diluted |
EarningsPerShareBasicAndDiluted
|
$-1.67 | USD | 1 Quarter |
| Net income (loss) per share basic and diluted |
EarningsPerShareBasicAndDiluted
|
$-1.09 | USD | Point-in-time |
| Net income (loss) per share basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.13 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
105.45M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
105.46M | shares | 1 Quarter |
Cash Flow Statement
28 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
ProfitLoss
|
$13.82M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$3.88M | USD | 1 Quarter |
| Loss (gain) on sale of oil and gas properties |
GainLossOnSaleOfProperty
|
$98.00K | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$17.82M | USD | 1 Quarter |
| (Gain) loss on derivative financial instruments |
GainLossOnSaleOfCommodityContracts
|
$-2.02M | USD | 1 Quarter |
| Cash settlements of derivative financial instruments |
DerivativeCashPaidReceivedOnHedge
|
$-191.00K | USD | 1 Quarter |
| Amortization of debt discount, premium and issuance costs |
AmortizationOfFinancingCostsAndDiscounts
|
$822.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$329.00K | USD | 1 Quarter |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$44.88M | USD | 1 Quarter |
| Decrease (increase) in other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$1.33M | USD | 1 Quarter |
| Increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$11.03M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$3.61M | USD | 1 Quarter |
| Acquisitions and capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$59.02M | USD | 1 Quarter |
| Prepaid drilling costs |
PaymentsForDrillingCosts
|
$4.77M | USD | 1 Quarter |
| Proceeds from sale of oil and gas properties |
ProceedsFromPaymentsForSaleOfOilAndGasProperties
|
$13.74M | USD | 1 Quarter |
| Net cash used for investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-50.05M | USD | 1 Quarter |
| Borrowings |
ProceedsFromIssuanceOfLongTermDebt
|
$450.00M | USD | 1 Quarter |
| Retirement of long-term debt |
RepaymentsOfLongTermDebt
|
$1.29B | USD | 1 Quarter |
| Jones contribution |
ProceedFromContributionTransaction
|
$36.37M | USD | 1 Quarter |
| Jones contribution |
ProceedFromContributionTransaction
|
$43.20M | USD | 1 Quarter |
| Debt and stock issuance costs |
PaymentOfFinancingAndStockIssuanceCosts
|
$6.29M | USD | 1 Quarter |
| Income taxes related to equity awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$4.70M | USD | 1 Quarter |
| Net cash provided by (used for) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-815.97M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-862.41M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$31.78M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$894.19M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$31.78M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$894.19M | USD | Point-in-time |
Stockholders Equity
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$521.11M | USD | Point-in-time |
| Stock-based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$329.00K | USD | 1 Quarter |
| Income tax withholdings related to equity awards |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$4.70M | USD | 1 Quarter |
| Stock issuance costs |
StockIssuanceCostsDuringPeriodValueContributionTransaction
|
$395.00K | USD | 1 Quarter |
| Common stock warrants exercised, Shares |
StockAndWarrantsExercisedDuringPeriodSharesPreferredStockAndWarrants
|
402,708.00 | shares | 3 Qtrs |
| Net income (loss) |
NetIncomeLoss
|
$13.82M | USD | 1 Quarter |
| Ending Balance |
StockholdersEquity
|
$521.11M | USD | Point-in-time |
| Successor common stock, Value |
IssuanceOfSuccessorCommonStockValue
|
$140.53M | USD | Point-in-time |
| Vesting of equity awards |
StockIssuedValueVestingOfEquityAwards
|
$8.83M | USD | Point-in-time |
| Jones contribution |
StockIssuedValueContributionTransaction
|
$362.69M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.