$CRK
COMSTOCK RESOURCES INC

2012 Q4 Form 10-Q Financial Statement

#000119312512448864 Filed on November 02, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $93.60M $97.10M $119.4M
YoY Change -18.25% -18.68% 49.81%
Cost Of Revenue $20.60M $22.10M $20.80M
YoY Change 5.1% 6.25% 2.97%
Gross Profit $73.00M $75.00M $98.70M
YoY Change -23.0% -24.01% 65.6%
Gross Profit Margin 77.99% 77.24% 82.66%
Selling, General & Admin $7.800M $8.100M $8.600M
YoY Change -15.22% -5.81% -8.51%
% of Gross Profit 10.68% 10.8% 8.71%
Research & Development $58.70M $1.400M $400.0K
YoY Change 58600.0% 250.0% -66.67%
% of Gross Profit 80.41% 1.87% 0.41%
Depreciation & Amortization $89.40M $91.54M $77.52M
YoY Change 14.18% 18.08% 65.64%
% of Gross Profit 122.47% 122.05% 78.54%
Operating Expenses $155.8M $126.0M $107.3M
YoY Change 77.85% 17.36% 87.0%
Operating Profit -$102.8M -$28.83M $12.09M
YoY Change 92.14% -338.55% 449.36%
Interest Expense -$13.60M $15.53M $9.988M
YoY Change 52.81% 55.46% -240.68%
% of Operating Profit 82.64%
Other Income/Expense, Net $300.0K -$23.19M -$7.317M
YoY Change 216.97% -7417.0%
Pretax Income -$116.2M -$37.57M $4.769M
YoY Change 86.22% -887.73% -197.33%
Income Tax -$39.20M -$11.58M $3.460M
% Of Pretax Income 72.55%
Net Earnings -$78.15M -$30.45M $1.309M
YoY Change 89.99% -2426.13% -127.85%
Net Earnings / Revenue -83.49% -31.36% 1.1%
Basic Earnings Per Share -$1.68 -$0.66 $0.03
Diluted Earnings Per Share -$1.68 -$0.66 $0.03
COMMON SHARES
Basic Shares Outstanding 48.16M shares 46.44M 46.01M shares
Diluted Shares Outstanding 46.44M 46.01M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.80M $17.60M $36.30M
YoY Change -70.05% -51.52% -51.6%
Cash & Equivalents $4.471M $2.569M $4.544M
Short-Term Investments $12.30M $15.10M $31.70M
Other Short-Term Assets $3.617M $7.658M $3.800M
YoY Change 29.36% 101.53% 5.56%
Inventory
Prepaid Expenses
Receivables $34.67M $42.10M $49.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $79.90M $88.03M $89.70M
YoY Change -29.35% -1.86% -19.04%
LONG-TERM ASSETS
Property, Plant & Equipment $1.959B $2.546B $2.091B
YoY Change -21.96% 21.78% 14.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $19.94M $20.95M $15.90M
YoY Change 17.67% 31.76% 101.27%
Total Long-Term Assets $2.490B $2.570B $2.106B
YoY Change -1.46% 22.0% 15.37%
TOTAL ASSETS
Total Short-Term Assets $79.90M $88.03M $89.70M
Total Long-Term Assets $2.490B $2.570B $2.106B
Total Assets $2.570B $2.658B $2.196B
YoY Change -2.65% 21.03% 13.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.80M $98.48M $110.8M
YoY Change -27.91% -11.12% 44.84%
Accrued Expenses $37.00M $95.59M $41.40M
YoY Change -56.72% 130.9% 49.46%
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 $143.4M $200.1M $153.4M
YoY Change -23.39% 30.43% 46.65%
LONG-TERM LIABILITIES
Long-Term Debt $1.324B $1.239B $746.8M
YoY Change 10.65% 65.88% 41.39%
Other Long-Term Liabilities $2.273M $2.301M $9.600M
YoY Change -6.92% -76.03% 0.0%
Total Long-Term Liabilities $1.327B $1.241B $756.4M
YoY Change 10.61% 64.08% 40.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $143.4M $200.1M $153.4M
Total Long-Term Liabilities $1.327B $1.241B $756.4M
Total Liabilities $1.636B $1.647B $1.133B
YoY Change 2.13% 45.32% 30.67%
SHAREHOLDERS EQUITY
Retained Earnings $424.3M $494.9M
YoY Change -19.08%
Common Stock $504.8M $501.3M
YoY Change 2.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $933.5M $1.011B $1.063B
YoY Change
Total Liabilities & Shareholders Equity $2.570B $2.658B $2.196B
YoY Change -2.65% 21.03% 13.4%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income -$78.15M -$30.45M $1.309M
YoY Change 89.99% -2426.13% -127.85%
Depreciation, Depletion And Amortization $89.40M $91.54M $77.52M
YoY Change 14.18% 18.08% 65.64%
Cash From Operating Activities $161.5M -$41.20M $99.60M
YoY Change 139.61% -141.37% 99.2%
INVESTING ACTIVITIES
Capital Expenditures -$269.4M -$60.10M -$157.1M
YoY Change -47.78% -61.74% 5.93%
Acquisitions
YoY Change
Other Investing Activities $24.80M $85.60M $3.500M
YoY Change 476.74% 2345.71%
Cash From Investing Activities -$244.6M $25.50M -$153.6M
YoY Change -52.19% -116.6% 3.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 85.00M 14.80M 55.00M
YoY Change -81.03% -73.09% -8.33%
NET CHANGE
Cash From Operating Activities 161.5M -41.20M 99.60M
Cash From Investing Activities -244.6M 25.50M -153.6M
Cash From Financing Activities 85.00M 14.80M 55.00M
Net Change In Cash 1.900M -900.0K 1.000M
YoY Change -51.28% -190.0% -102.61%
FREE CASH FLOW
Cash From Operating Activities $161.5M -$41.20M $99.60M
Capital Expenditures -$269.4M -$60.10M -$157.1M
Free Cash Flow $430.9M $18.90M $256.7M
YoY Change -26.13% -92.64% 29.45%

Facts In Submission

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