2021 Q4 Form 10-Q Financial Statement

#000002319421000077 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $655.4M $511.2M $178.0M
YoY Change 138.49% 187.16% -20.69%
Cost Of Revenue $73.10M $78.44M $57.40M
YoY Change 18.85% 36.65% -3.53%
Gross Profit $582.3M $432.7M $120.6M
YoY Change 172.99% 258.82% -26.91%
Gross Profit Margin 88.85% 84.66% 67.75%
Selling, General & Admin $11.23M $8.270M $9.200M
YoY Change 78.25% -10.11% 13.58%
% of Gross Profit 1.93% 1.91% 7.63%
Research & Development $0.00 $0.00 $0.00
YoY Change -100.0%
% of Gross Profit 0.0% 0.0% 0.0%
Depreciation & Amortization $110.1M $128.7M $99.06M
YoY Change 5.54% 29.97% 23.44%
% of Gross Profit 18.9% 29.75% 82.14%
Operating Expenses $121.3M $215.4M $165.6M
YoY Change 9.78% 30.05% 11.86%
Operating Profit $461.0M $295.7M $12.37M
YoY Change 348.42% 2291.8% -83.81%
Interest Expense $147.5M $49.95M $63.89M
YoY Change 827.91% -21.81% 25.24%
% of Operating Profit 32.01% 16.89% 516.7%
Other Income/Expense, Net -$372.0K -$560.1M -$185.0M
YoY Change -224.0% 202.78% 181.46%
Pretax Income $446.0M -$264.3M -$172.6M
YoY Change 275.08% 53.13% -1722.63%
Income Tax $85.57M $23.98M -$46.12M
% Of Pretax Income 19.19%
Net Earnings $360.4M -$288.3M -$126.5M
YoY Change 340.05% 127.92% -1962.64%
Net Earnings / Revenue 54.99% -56.4% -71.06%
Basic Earnings Per Share -$1.26 -$0.57
Diluted Earnings Per Share $1.554M -$1.26 -$0.57
COMMON SHARES
Basic Shares Outstanding 232.9M shares 231.7M shares 231.2M shares
Diluted Shares Outstanding 231.7M shares 231.2M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.66M $27.84M $28.30M
YoY Change 1.2% -1.62% -46.8%
Cash & Equivalents $30.66M $27.84M $28.27M
Short-Term Investments
Other Short-Term Assets $15.08M $12.19M $11.77M
YoY Change 1.6% 3.58% -10.14%
Inventory
Prepaid Expenses $2.183M
Receivables $217.1M $213.7M $88.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $318.7M $309.6M $149.8M
YoY Change 59.52% 106.63% -44.18%
LONG-TERM ASSETS
Property, Plant & Equipment $4.007B $4.234B $4.012B
YoY Change -1.9% 5.54% 2.43%
Goodwill $335.9M $335.9M $335.9M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $37.00K $40.00K
YoY Change -100.0% -7.5% 1233.33%
Total Long-Term Assets $4.349B $4.578B $4.353B
YoY Change -1.69% 5.16% 1.61%
TOTAL ASSETS
Total Short-Term Assets $318.7M $309.6M $149.8M
Total Long-Term Assets $4.349B $4.578B $4.353B
Total Assets $4.668B $4.887B $4.503B
YoY Change 0.96% 8.53% -1.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $314.6M $324.8M $202.2M
YoY Change 21.32% 60.66% -12.75%
Accrued Expenses $135.0M $109.1M $112.7M
YoY Change 1.51% -3.17% -27.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $634.0M $1.063B $380.8M
YoY Change 43.57% 179.28% -2.23%
LONG-TERM LIABILITIES
Long-Term Debt $2.615B $2.801B $2.508B
YoY Change 3.9% 11.71% -0.02%
Other Long-Term Liabilities $24.00K $24.00K $1.162M
YoY Change -95.12% -97.93% -86.09%
Total Long-Term Liabilities $2.615B $2.801B $2.509B
YoY Change 3.88% 11.66% -0.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $634.0M $1.063B $380.8M
Total Long-Term Liabilities $2.615B $2.801B $2.509B
Total Liabilities $3.480B $4.057B $3.140B
YoY Change 9.37% 29.19% 1.06%
SHAREHOLDERS EQUITY
Retained Earnings -$204.0M -$560.0M -$22.34M
YoY Change -469.76% 2406.75% -122.85%
Common Stock $116.5M $116.5M $116.2M
YoY Change 0.22% 0.22% 25.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.013B $655.3M $1.188B
YoY Change
Total Liabilities & Shareholders Equity $4.668B $4.887B $4.503B
YoY Change 0.96% 8.53% -1.09%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $360.4M -$288.3M -$126.5M
YoY Change 340.05% 127.92% -1962.64%
Depreciation, Depletion And Amortization $110.1M $128.7M $99.06M
YoY Change 5.54% 29.97% 23.44%
Cash From Operating Activities $240.5M $233.0M $123.9M
YoY Change 29.48% 88.03% 12.84%
INVESTING ACTIVITIES
Capital Expenditures -$181.2M -$169.3M -$98.70M
YoY Change 2.29% 71.5% -24.6%
Acquisitions
YoY Change
Other Investing Activities $138.1M $50.00K $300.0K
YoY Change -7774.06% -83.33% -100.04%
Cash From Investing Activities -$43.03M -$169.2M -$98.40M
YoY Change -75.95% 71.97% -88.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -194.6M -55.63M -8.700M
YoY Change 3871.51% 539.47% -101.21%
NET CHANGE
Cash From Operating Activities 240.5M 233.0M 123.9M
Cash From Investing Activities -43.03M -169.2M -98.40M
Cash From Financing Activities -194.6M -55.63M -8.700M
Net Change In Cash 2.822M 8.114M 16.80M
YoY Change 48.53% -51.7% 158.46%
FREE CASH FLOW
Cash From Operating Activities $240.5M $233.0M $123.9M
Capital Expenditures -$181.2M -$169.3M -$98.70M
Free Cash Flow $421.6M $402.2M $222.6M
YoY Change 16.21% 80.7% -7.52%

Facts In Submission

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CY2020Q3 crk Preferred Stock Dividends And Accretion
PreferredStockDividendsAndAccretion
4398000 USD
crk Preferred Stock Dividends And Accretion
PreferredStockDividendsAndAccretion
13089000 USD
crk Preferred Stock Dividends And Accretion
PreferredStockDividendsAndAccretion
26596000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-292717000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-130890000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-615215000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-160936000 USD
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.26
CY2020Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
15000 USD
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.57
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.66
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.77
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.26
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.57
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.66
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.77
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
231747000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
231223000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
231519000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
209760000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231747000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231223000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231519000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
209760000 shares
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1143022000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1430000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
42028000 USD
CY2020Q1 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
2500000 USD
CY2020Q1 crk Temporary Equity Dividends On Temporary Equity Value
TemporaryEquityDividendsOnTemporaryEquityValue
9572000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
1174393000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1552000 USD
CY2020Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
211638000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
10079000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-49876000 USD
CY2020Q2 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
2917000 USD
CY2020Q2 crk Temporary Equity Dividends On Temporary Equity Value
TemporaryEquityDividendsOnTemporaryEquityValue
7210000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
1317501000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1752000 USD
CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
677000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
6000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-126492000 USD
CY2020Q3 crk Temporary Equity Dividends On Temporary Equity Value
TemporaryEquityDividendsOnTemporaryEquityValue
4398000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1266773000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
1187680000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-179695000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1690000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
30000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-134125000 USD
CY2021Q1 crk Temporary Equity Dividends On Temporary Equity Value
TemporaryEquityDividendsOnTemporaryEquityValue
4315000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
1129993000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1799000 USD
CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
198000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
126000 USD
CY2021Q2 crk Temporary Equity Dividends On Temporary Equity Value
TemporaryEquityDividendsOnTemporaryEquityValue
4363000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
947410000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1802000 USD
CY2021Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1214000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-288306000 USD
CY2021Q3 crk Temporary Equity Dividends On Temporary Equity Value
TemporaryEquityDividendsOnTemporaryEquityValue
4411000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
655281000 USD
us-gaap Profit Loss
ProfitLoss
-602126000 USD
us-gaap Profit Loss
ProfitLoss
-134340000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-84942000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-46443000 USD
crk Noncash Exploration Expense Including Unproved Impairments And Exploratory Dry Hole Costs
NoncashExplorationExpenseIncludingUnprovedImpairmentsAndExploratoryDryHoleCosts
0 USD
crk Noncash Exploration Expense Including Unproved Impairments And Exploratory Dry Hole Costs
NoncashExplorationExpenseIncludingUnprovedImpairmentsAndExploratoryDryHoleCosts
27000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
93000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
16000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
359313000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
312828000 USD
us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
-756026000 USD
us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
-71978000 USD
crk Derivative Cash Received Paid On Hedge
DerivativeCashReceivedPaidOnHedge
-145262000 USD
crk Derivative Cash Received Paid On Hedge
DerivativeCashReceivedPaidOnHedge
132725000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
17587000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
24231000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5291000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
389955000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4734000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-352599000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-861000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
97379000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-79382000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-850000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-8291000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
56689000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-64303000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
618553000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
508051000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
332628000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
261000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
283000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-507790000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-332345000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
275000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
157000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
350000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
907000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
2222500000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
751500000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
2210626000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
206626000 USD
us-gaap Payments For Repurchase Of Convertible Preferred Stock
PaymentsForRepurchaseOfConvertiblePreferredStock
0 USD
us-gaap Payments For Repurchase Of Convertible Preferred Stock
PaymentsForRepurchaseOfConvertiblePreferredStock
210000000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
13089000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
21180000 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
35567000 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
24128000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1412000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
692000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-113194000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-47874000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2431000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9736000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30272000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18532000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27841000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28268000 USD
CY2020Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 USD
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 USD
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 USD
CY2021Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 USD
CY2021Q3 us-gaap Goodwill
Goodwill
335900000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6800000 USD
crk Prior Advance Notice Period For Cancellation Of Rig Contracts
PriorAdvanceNoticePeriodForCancellationOfRigContracts
P45D
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
8892000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
7975000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
29421000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
28432000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
700000 USD
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
700000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1900000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1800000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
552000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2522000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2188000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1862000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7127000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
285000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
6842000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.027
CY2021Q3 crk Expected Future Payments For Contracted Drilling Services
ExpectedFuturePaymentsForContractedDrillingServices
4300000 USD
CY2021Q3 us-gaap Interest Payable Current
InterestPayableCurrent
28956000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
67265000 USD
CY2021Q3 crk Accrued Transportation Costs
AccruedTransportationCosts
24703000 USD
CY2020Q4 crk Accrued Transportation Costs
AccruedTransportationCosts
25353000 USD
CY2021Q3 crk Accrued Capital Expenditures
AccruedCapitalExpenditures
21938000 USD
CY2020Q4 crk Accrued Capital Expenditures
AccruedCapitalExpenditures
24959000 USD
CY2021Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
12595000 USD
CY2020Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
2168000 USD
CY2021Q3 crk Accrued Ad Valorem Taxes Payable
AccruedAdValoremTaxesPayable
9000000 USD
CY2020Q4 crk Accrued Ad Valorem Taxes Payable
AccruedAdValoremTaxesPayable
0 USD
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6518000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7519000 USD
CY2021Q3 crk Accrued Lease Operating Expenses
AccruedLeaseOperatingExpenses
2685000 USD
CY2020Q4 crk Accrued Lease Operating Expenses
AccruedLeaseOperatingExpenses
3466000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2727000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2289000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
109122000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
133019000 USD
CY2020Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
19290000 USD
CY2019Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
18151000 USD
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
1666000 USD
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
451000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
6000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
80000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
917000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
880000 USD
CY2021Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
21867000 USD
CY2020Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
19402000 USD
CY2021Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
900000 USD
CY2021Q3 us-gaap Cash Flow Hedges Derivative Instruments At Fair Value Net
CashFlowHedgesDerivativeInstrumentsAtFairValueNet
0 USD
CY2021Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-510319000 USD
CY2020Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-121579000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-46123000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-74168000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-756026000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-71978000 USD
crk Number Of Primary Products
NumberOfPrimaryProducts
2 product
crk Contract Cash Settlement Max Days
ContractCashSettlementMaxDays
P25D
crk Contract Cancellable Notice Term
ContractCancellableNoticeTerm
P30D
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
213700000 USD
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-46177000 USD
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q3 crk Effective Income Tax Rate Reconciliation Change In State Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInStateDeferredTaxAssetsValuationAllowance
0.431
CY2021Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7637000 USD
CY2020Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
67000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
10774000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
216000 USD
CY2021Q3 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-12971000 USD
CY2020Q3 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-35645000 USD
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-105934000 USD
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-37662000 USD
CY2021Q3 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
29310000 USD
CY2020Q3 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-10545000 USD
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
20992000 USD
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-8731000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23976000 USD
CY2020Q3 crk Effective Income Tax Rate Reconciliation Change In State Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInStateDeferredTaxAssetsValuationAllowance
0
crk Effective Income Tax Rate Reconciliation Change In State Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInStateDeferredTaxAssetsValuationAllowance
0.083
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.091
crk Effective Income Tax Rate Reconciliation Change In State Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInStateDeferredTaxAssetsValuationAllowance
0
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.583
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.015
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.133
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.010
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.140
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.052
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.047
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.043
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.009
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.010
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.003
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.008
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.267
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.110
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.256
CY2020Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-22588000 USD
CY2019Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
4351000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-113018000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-27450000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
-21881000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
33143000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
6418000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
0 USD
CY2021Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-120143000 USD
CY2020Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-56242000 USD
CY2021Q3 crk Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Nonvested Weighted Average Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonvestedWeightedAverageNumber
1148000 shares
CY2020Q3 crk Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Nonvested Weighted Average Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonvestedWeightedAverageNumber
1285000 shares
crk Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Nonvested Weighted Average Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonvestedWeightedAverageNumber
1092000 shares
crk Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Nonvested Weighted Average Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonvestedWeightedAverageNumber
1185000 shares
crk Performance Units Adjustment For Performance Multiplier Range Minimum
PerformanceUnitsAdjustmentForPerformanceMultiplierRangeMinimum
0
crk Performance Units Adjustment For Performance Multiplier Range Maximum
PerformanceUnitsAdjustmentForPerformanceMultiplierRangeMaximum
2
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1204000 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1136000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1178000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1014000 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount
8.11
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount
9.33
us-gaap Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount
8.11
us-gaap Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount
9.33
CY2020Q3 crk Temporary Equity Stock Conversion Price
TemporaryEquityStockConversionPrice
4.00
CY2021Q3 crk Weighted Average Number Of Shares Convertible Preferred Stock
WeightedAverageNumberOfSharesConvertiblePreferredStock
43750000 shares
CY2020Q3 crk Weighted Average Number Of Shares Convertible Preferred Stock
WeightedAverageNumberOfSharesConvertiblePreferredStock
43750000 shares
crk Weighted Average Number Of Shares Convertible Preferred Stock
WeightedAverageNumberOfSharesConvertiblePreferredStock
43750000 shares
crk Weighted Average Number Of Shares Convertible Preferred Stock
WeightedAverageNumberOfSharesConvertiblePreferredStock
70575000 shares
crk Participating Securities That Share In Losses
ParticipatingSecuritiesThatShareInLosses
0 shares
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
5562000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1675000 USD
crk Retirement Of Debt In Exchange For Common Stock
RetirementOfDebtInExchangeForCommonStock
0 USD
us-gaap Interest Paid Net
InterestPaidNet
206170000 USD
us-gaap Interest Paid Net
InterestPaidNet
145125000 USD
crk Noncash Or Part Noncash Increase Decrease In Accrued Capital Expenditure
NoncashOrPartNoncashIncreaseDecreaseInAccruedCapitalExpenditure
-3021000 USD
crk Noncash Or Part Noncash Increase Decrease In Accrued Capital Expenditure
NoncashOrPartNoncashIncreaseDecreaseInAccruedCapitalExpenditure
16771000 USD
crk Retirement Of Debt In Exchange For Common Stock
RetirementOfDebtInExchangeForCommonStock
-4151000 USD
crk Issuance Of Common Stock In Exchange For Debt
IssuanceOfCommonStockInExchangeForDebt
0 USD
crk Issuance Of Common Stock In Exchange For Debt
IssuanceOfCommonStockInExchangeForDebt
5012000 USD
CY2021Q3 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
19200000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
40094000 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2801312000 USD
CY2021Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1260000000 USD
CY2021Q1 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
97900000 USD
CY2021Q1 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
12500000 USD
CY2021Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1100000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-352600000 USD
CY2021Q3 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
19200000 USD
CY2021Q3 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
19200000 USD

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