$CRK
COMSTOCK RESOURCES INC

2013 Q1 Form 10-Q Financial Statement

#000119312513199280 Filed on May 03, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $95.02M $110.5M
YoY Change -14.01% 25.71%
Cost Of Revenue $19.50M $24.40M
YoY Change -20.08% 36.31%
Gross Profit $75.50M $79.40M
YoY Change -4.91% 13.43%
Gross Profit Margin 79.46% 71.86%
Selling, General & Admin $8.800M $8.800M
YoY Change 0.0% 4.76%
% of Gross Profit 11.66% 11.08%
Research & Development $2.600M $1.400M
YoY Change 85.71% -85.26%
% of Gross Profit 3.44% 1.76%
Depreciation & Amortization $84.97M $77.31M
YoY Change 9.9% 28.21%
% of Gross Profit 112.54% 97.37%
Operating Expenses $115.9M $111.9M
YoY Change 3.52% 42.95%
Operating Profit -$20.86M -$1.432M
YoY Change 1356.42% -82.67%
Interest Expense $17.58M $12.30M
YoY Change 42.88% 11.85%
% of Operating Profit
Other Income/Expense, Net -$15.90M $3.016M
YoY Change -627.29% 905.33%
Pretax Income -$36.76M $1.584M
YoY Change -2420.64% -47.2%
Income Tax -$12.24M $167.0K
% Of Pretax Income 10.54%
Net Earnings -$27.14M $1.375M
YoY Change -2074.11% -42.8%
Net Earnings / Revenue -28.57% 1.24%
Basic Earnings Per Share -$0.58 $0.03
Diluted Earnings Per Share -$0.58 $0.03
COMMON SHARES
Basic Shares Outstanding 46.73M 46.37M shares
Diluted Shares Outstanding 46.73M 46.37M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.800M $20.90M
YoY Change -67.46% -75.47%
Cash & Equivalents $6.844M $3.750M
Short-Term Investments $0.00 $17.20M
Other Short-Term Assets $4.832M $12.50M
YoY Change -61.34% 115.52%
Inventory
Prepaid Expenses
Receivables $38.42M $143.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $673.7M $176.8M
YoY Change 281.07% 25.48%
LONG-TERM ASSETS
Property, Plant & Equipment $1.930B $2.518B
YoY Change -23.35% 32.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.94M $16.20M
YoY Change 16.93% -7.43%
Total Long-Term Assets $1.949B $2.534B
YoY Change -23.09% 31.82%
TOTAL ASSETS
Total Short-Term Assets $673.7M $176.8M
Total Long-Term Assets $1.949B $2.534B
Total Assets $2.623B $2.711B
YoY Change -3.25% 31.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $86.55M
YoY Change
Accrued Expenses $87.78M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $225.9M $250.1M
YoY Change -9.7% 54.76%
LONG-TERM LIABILITIES
Long-Term Debt $1.335B $1.207B
YoY Change 10.6% 102.35%
Other Long-Term Liabilities $2.260M $18.10M
YoY Change -87.51% 92.55%
Total Long-Term Liabilities $1.337B $1.225B
YoY Change 9.15% 102.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $225.9M $250.1M
Total Long-Term Liabilities $1.337B $1.225B
Total Liabilities $1.721B $1.683B
YoY Change 2.27% 71.02%
SHAREHOLDERS EQUITY
Retained Earnings $397.2M
YoY Change
Common Stock $504.7M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $901.9M $1.028B
YoY Change
Total Liabilities & Shareholders Equity $2.623B $2.711B
YoY Change -3.25% 31.38%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income -$27.14M $1.375M
YoY Change -2074.11% -42.8%
Depreciation, Depletion And Amortization $84.97M $77.31M
YoY Change 9.9% 28.21%
Cash From Operating Activities $97.35M $133.2M
YoY Change -26.9% 161.65%
INVESTING ACTIVITIES
Capital Expenditures $62.06M $141.6M
YoY Change -56.17% -189.55%
Acquisitions
YoY Change
Other Investing Activities -$39.60M -$4.800M
YoY Change 725.0% -114.24%
Cash From Investing Activities -$101.7M -$146.4M
YoY Change -30.57% 17.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $25.00M
YoY Change
Cash From Financing Activities 6.681M 8.533M
YoY Change -21.7% -88.76%
NET CHANGE
Cash From Operating Activities 97.35M 133.2M
Cash From Investing Activities -101.7M -146.4M
Cash From Financing Activities 6.681M 8.533M
Net Change In Cash 2.373M -4.710M
YoY Change -150.38% -296.25%
FREE CASH FLOW
Cash From Operating Activities $97.35M $133.2M
Capital Expenditures $62.06M $141.6M
Free Cash Flow $35.29M -$8.405M
YoY Change -519.92% -104.02%

Facts In Submission

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1587000
CY2013Q1 us-gaap Interest Costs Capitalized
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CY2013Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
CY2013Q1 us-gaap Asset Retirement Obligation Accretion Expense
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272000
CY2013Q1 us-gaap Comprehensive Income Net Of Tax
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CY2013Q1 us-gaap Gain Loss On Price Risk Derivatives Net
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2300000
CY2013Q1 us-gaap Operating Expenses
OperatingExpenses
115876000
CY2013Q1 us-gaap Revenues
Revenues
95020000
CY2013Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
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13392000
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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-4418000
CY2013Q1 us-gaap Lease Operating Expense
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13206000
CY2013Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
34981000
CY2013Q1 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-2627000
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
62058000
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.52
CY2013Q1 crk Asset Retirement Obligation Accretion Expense On Discontinued Operations
AssetRetirementObligationAccretionExpenseOnDiscontinuedOperations
34000
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.52
CY2013Q1 us-gaap Current Income Tax Expense Benefit
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3000
CY2013Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
23530000
CY2013Q1 us-gaap Income Taxes Paid Net
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2000
CY2013Q1 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.032 pure
CY2013Q1 us-gaap Interest Expense
InterestExpense
17578000
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-2627000
CY2013Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.018 pure
CY2013Q1 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
329000
CY2013Q1 crk Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Nonvested Weighted Average Number
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1573000 shares
CY2013Q1 crk Contract Term Related To Drilling Services
ContractTermRelatedToDrillingServices
Up to three years
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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377000
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
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97352000
CY2013Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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35000000
CY2013Q1 crk Fair Value Measurement With Observable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings
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2320000
CY2013Q1 crk Stock Based Compensation
StockBasedCompensation
1652000
CY2013Q1 crk Net Income Loss From Continuing Operations Available To Common Stockholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonStockholdersBasic
-24517000
CY2013Q1 crk Asset Retirement Obligation Liabilities Reclassified
AssetRetirementObligationLiabilitiesReclassified
1870000
CY2013Q1 crk Net Income Loss From Continuing Operations Available To Common Stockholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonStockholdersDiluted
-24517000
CY2013Q1 crk Natural Gas Transportation Agreement Term
NaturalGasTransportationAgreementTerm
Through July 2019
CY2013Q1 crk Number Of State Jurisdiction Currently Under Review
NumberOfStateJurisdictionCurrentlyUnderReview
2 Jurisdictions
CY2013Q1 crk Dry Hole Costs And Lease Hold Impairments
DryHoleCostsAndLeaseHoldImpairments
2443000
CY2013Q1 crk Tax Benefit Cost From Share Based Compensation Financing Activities
TaxBenefitCostFromShareBasedCompensationFinancingActivities
-1742000
CY2013Q1 crk Production And Severance Taxes Operating Expense
ProductionAndSeveranceTaxesOperatingExpense
2121000
CY2013Q1 crk Other Comprehensive Income Changes In Value Of Available For Sale Securities
OtherComprehensiveIncomeChangesInValueOfAvailableForSaleSecurities
702000
CY2013Q1 crk Other Comprehensive Income Reclassification For Sale Of Securities Included In Net Income Net Of Tax
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5120000
CY2013Q1 crk Other Comprehensive Income Unrealized Hedging Gains Losses Net Of Tax Tax Amount
OtherComprehensiveIncomeUnrealizedHedgingGainsLossesNetOfTaxTaxAmount
CY2013Q1 crk Other Comprehensive Income Unrealized Holding Gain On Securities Arising During Period Net Of Tax
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702000
CY2013Q1 crk Impairment Charges Related To Oil And Gas Properties
ImpairmentChargesRelatedToOilAndGasProperties
0
CY2013Q1 crk Impairment Charges Related To Unevaluated Properties
ImpairmentChargesRelatedToUnevaluatedProperties
2400000
CY2013Q1 crk Exploration Expense Including Unproved Impairments And Exploratory Dry Hole Costs
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2593000
CY2012Q1 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
26621000
CY2012Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8798000
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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46372000 shares
CY2012Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
944000
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8533000
CY2013Q1 crk Weighted Average Number Of Diluted Shares Outstanding Continuing Operations
WeightedAverageNumberOfDilutedSharesOutstandingContinuingOperations
46730000 shares
CY2013Q1 crk Weighted Average Number Of Diluted Shares Outstanding Discontinuing Operations
WeightedAverageNumberOfDilutedSharesOutstandingDiscontinuingOperations
46730000 shares
CY2013Q1 crk Fair Value Measurement With Observable Inputs Reconciliations Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithObservableInputsReconciliationsRecurringBasisAssetPurchasesSalesIssuancesSettlements
-2320000
CY2013Q1 crk Unrealized Gains From Derivatives Recognized In Earnings
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8767000
CY2013Q1 crk Weighted Average Number Of Basic Shares Outstanding Continuing Operations
WeightedAverageNumberOfBasicSharesOutstandingContinuingOperations
46730000 shares
CY2013Q1 crk Weighted Average Number Of Basic Shares Outstanding Discontinuing Operations
WeightedAverageNumberOfBasicSharesOutstandingDiscontinuingOperations
46730000 shares
CY2013Q1 crk Net Income Loss From Discontinuing Operations Available To Common Stockholders Basic
NetIncomeLossFromDiscontinuingOperationsAvailableToCommonStockholdersBasic
-2627000
CY2013Q1 crk Net Income Loss From Discontinuing Operations Available To Common Stockholders Diluted
NetIncomeLossFromDiscontinuingOperationsAvailableToCommonStockholdersDiluted
-2627000
CY2013Q1 crk Amount Of Dilutive Securities Stock Options And Restrictive Stock Units From Continuing Operations
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnitsFromContinuingOperations
CY2013Q1 crk Amount Of Dilutive Securities Stock Options And Restrictive Stock Units From Discontinuing Operations
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnitsFromDiscontinuingOperations
CY2013Q1 crk Dilutive Securities Effect On Basic Earnings Per Share Other From Continuing Operations
DilutiveSecuritiesEffectOnBasicEarningsPerShareOtherFromContinuingOperations
CY2013Q1 crk Dilutive Securities Effect On Basic Earnings Per Share Other From Discontinuing Operations
DilutiveSecuritiesEffectOnBasicEarningsPerShareOtherFromDiscontinuingOperations
CY2013Q1 crk Incremental Common Shares Attributable To Stock Options From Continuing Operations
IncrementalCommonSharesAttributableToStockOptionsFromContinuingOperations
shares
CY2013Q1 crk Incremental Common Shares Attributable To Stock Options From Discontinuing Operations
IncrementalCommonSharesAttributableToStockOptionsFromDiscontinuingOperations
shares
CY2013Q1 crk Incremental Common Shares Attributable To Performance Stock Unit From Discontinuing Operations
IncrementalCommonSharesAttributableToPerformanceStockUnitFromDiscontinuingOperations
shares
CY2013Q1 crk Incremental Common Shares Attributable To Performance Stock Unit From Continuing Operations
IncrementalCommonSharesAttributableToPerformanceStockUnitFromContinuingOperations
shares
CY2013Q1 crk Other Comprehensive Income Net Unrealized Gains Losses On Marketable Securities Net Of Tax Tax Amount
OtherComprehensiveIncomeNetUnrealizedGainsLossesOnMarketableSecuritiesNetOfTaxTaxAmount
2380000
CY2013Q1 crk Disposal Group Including Discontinued Operation Crude Oil
DisposalGroupIncludingDiscontinuedOperationCrudeOil
174 MBbls
CY2013Q1 crk Disposal Group Including Discontinued Operation Natural Gas
DisposalGroupIncludingDiscontinuedOperationNaturalGas
269 MMcf
CY2012Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
-9318000
CY2012Q1 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
103772000
CY2012Q1 us-gaap Interest Paid
InterestPaid
5274000
CY2012Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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-161000
CY2012Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1417000
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3535000
CY2013Q1 crk Disposal Group Including Discontinued Operation Mcfe
DisposalGroupIncludingDiscontinuedOperationMcfe
1311000 Mcfe
CY2013Q1 crk Disposal Group Including Discontinued Operation Oil And Gas Sales Revenue
DisposalGroupIncludingDiscontinuedOperationOilAndGasSalesRevenue
16299000
CY2013Q1 crk Disposal Group Including Discontinued Operation Production And Severance Taxes Operating Expense
DisposalGroupIncludingDiscontinuedOperationProductionAndSeveranceTaxesOperatingExpense
693000
CY2013Q1 crk Disposal Group Including Discontinued Operation Gas Gathering Transportation Marketing And Processing Costs
DisposalGroupIncludingDiscontinuedOperationGasGatheringTransportationMarketingAndProcessingCosts
331000
CY2013Q1 crk Disposal Group Including Discontinued Operation Lease Operating Expense
DisposalGroupIncludingDiscontinuedOperationLeaseOperatingExpense
6308000
CY2013Q1 crk Disposal Group Including Discontinued Operation Depreciation Depletion And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationDepletionAndAmortization
8649000
CY2013Q1 crk Disposal Group Including Discontinued Operation Current Income Tax Expense Benefit
DisposalGroupIncludingDiscontinuedOperationCurrentIncomeTaxExpenseBenefit
CY2013Q1 crk Disposal Group Including Discontinued Operation Deferred Income Tax Expense Benefit
DisposalGroupIncludingDiscontinuedOperationDeferredIncomeTaxExpenseBenefit
-554000
CY2013Q1 crk Disposal Group Including Discontinued Operation Income Tax Expense Benefit
DisposalGroupIncludingDiscontinuedOperationIncomeTaxExpenseBenefit
-554000
CY2013Q1 crk Disposal Group Including Discontinued Operations Interest Costs Capitalized
DisposalGroupIncludingDiscontinuedOperationsInterestCostsCapitalized
2010000
CY2012Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
77311000
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
CY2012Q1 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
-10187000
CY2012Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-110000
CY2012Q1 us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
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CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-146423000
CY2012Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
62000
CY2012Q1 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
7715000
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46372000 shares
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
CY2012Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.106 pure
CY2012Q1 us-gaap Increase Decrease In Accounts Receivable
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-5070000
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1584000
CY2012Q1 us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
934000
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
116573000
CY2012Q1 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.010 pure
CY2012Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-4710000
CY2012Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
239000
CY2012Q1 us-gaap Gain Loss On Sale Of Oil And Gas Property
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6727000
CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-103880000
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1432000
CY2012Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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3339000
CY2012Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-42543000
CY2012Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-12910000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2012Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
250000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
1375000
CY2012Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
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37705000
CY2012Q1 us-gaap Nonoperating Income Expense
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3016000
CY2012Q1 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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-1405000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2012Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350 pure
CY2012Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
163000
CY2012Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11535000
CY2012Q1 us-gaap Gain Loss On Price Risk Derivatives Net
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-1400000
CY2012Q1 us-gaap Operating Expenses
OperatingExpenses
111931000
CY2012Q1 us-gaap Revenues
Revenues
110499000
CY2012Q1 crk Impairment Charges Related To Oil And Gas Properties
ImpairmentChargesRelatedToOilAndGasProperties
49000
CY2012Q1 crk Impairment Charges Related To Unevaluated Properties
ImpairmentChargesRelatedToUnevaluatedProperties
1300000
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
167000
CY2012Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-12612000
CY2012Q1 us-gaap Lease Operating Expense
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13458000
CY2012Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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48328000
CY2012Q1 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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-42000
CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
141585000
CY2012Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
5200000
CY2012Q1 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1049000
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.03
CY2012Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-83000
CY2012Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
16607000
CY2012Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
22000
CY2012Q1 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.135 pure
CY2012Q1 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
49000
CY2012Q1 us-gaap Interest Expense
InterestExpense
12303000
CY2012Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
2525000
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities
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133180000
CY2012Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-298000
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.03
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-42000
CY2012Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.099 pure
CY2012Q1 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
416000
CY2012Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
10000000
CY2012Q1 crk Gain Loss On Sale Of Assets
GainLossOnSaleOfAssets
33348000
CY2012Q1 crk Disposal Group Including Discontinued Operation Costs And Expenses
DisposalGroupIncludingDiscontinuedOperationCostsAndExpenses
4578000
CY2012Q1 crk Asset Retirement Obligation Accretion Expense On Discontinued Operations
AssetRetirementObligationAccretionExpenseOnDiscontinuedOperations
9000
CY2012Q1 crk Net Income Loss From Continuing Operations Available To Common Stockholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonStockholdersBasic
1365000
CY2012Q1 crk Asset Retirement Obligation Liabilities Reclassified
AssetRetirementObligationLiabilitiesReclassified
922000
CY2012Q1 crk Net Income Loss From Continuing Operations Available To Common Stockholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonStockholdersDiluted
1365000
CY2012Q1 crk Dry Hole Costs And Lease Hold Impairments
DryHoleCostsAndLeaseHoldImpairments
1315000
CY2012Q1 crk Tax Benefit Cost From Share Based Compensation Financing Activities
TaxBenefitCostFromShareBasedCompensationFinancingActivities
-1405000
CY2012Q1 crk Production And Severance Taxes Operating Expense
ProductionAndSeveranceTaxesOperatingExpense
3247000
CY2012Q1 crk Other Comprehensive Income Reclassification For Sale Of Securities Included In Net Income Net Of Tax
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17303000
CY2012Q1 crk Other Comprehensive Income Unrealized Hedging Gains Losses Net Of Tax Tax Amount
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161000
CY2012Q1 crk Other Comprehensive Income Unrealized Holding Gain On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainOnSecuritiesArisingDuringPeriodNetOfTax
4691000
CY2012Q1 crk Weighted Average Number Of Diluted Shares Outstanding Continuing Operations
WeightedAverageNumberOfDilutedSharesOutstandingContinuingOperations
46372000 shares
CY2012Q1 crk Weighted Average Number Of Diluted Shares Outstanding Discontinuing Operations
WeightedAverageNumberOfDilutedSharesOutstandingDiscontinuingOperations
46372000 shares
CY2012Q1 crk Disposal Group Including Discontinued Operation Lease Operating Expense
DisposalGroupIncludingDiscontinuedOperationLeaseOperatingExpense
1291000
CY2012Q1 crk Weighted Average Number Of Basic Shares Outstanding Continuing Operations
WeightedAverageNumberOfBasicSharesOutstandingContinuingOperations
46372000 shares
CY2012Q1 crk Disposal Group Including Discontinued Operation Depreciation Depletion And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationDepletionAndAmortization
1786000
CY2012Q1 crk Exploration Expense Including Unproved Impairments And Exploratory Dry Hole Costs
ExplorationExpenseIncludingUnprovedImpairmentsAndExploratoryDryHoleCosts
1353000
CY2012Q1 crk Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Nonvested Weighted Average Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonvestedWeightedAverageNumber
1750000 shares
CY2012Q1 crk Income Allocable To Unvested Stock Grants Continued Operations Basic
IncomeAllocableToUnvestedStockGrantsContinuedOperationsBasic
52000
CY2012Q1 crk Weighted Average Number Of Basic Shares Outstanding Discontinuing Operations
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46372000 shares
CY2012Q1 crk Income Allocable To Unvested Stock Grants Discontinued Operations
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CY2012Q1 crk Net Income Loss From Discontinuing Operations Available To Common Stockholders Basic
NetIncomeLossFromDiscontinuingOperationsAvailableToCommonStockholdersBasic
-42000
CY2012Q1 crk Net Income Loss From Discontinuing Operations Available To Common Stockholders Diluted
NetIncomeLossFromDiscontinuingOperationsAvailableToCommonStockholdersDiluted
-42000
CY2012Q1 crk Amount Of Dilutive Securities Stock Options And Restrictive Stock Units From Continuing Operations
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnitsFromContinuingOperations
CY2012Q1 crk Amount Of Dilutive Securities Stock Options And Restrictive Stock Units From Discontinuing Operations
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnitsFromDiscontinuingOperations
CY2012Q1 crk Dilutive Securities Effect On Basic Earnings Per Share Other From Continuing Operations
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CY2012Q1 crk Dilutive Securities Effect On Basic Earnings Per Share Other From Discontinuing Operations
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CY2012Q1 crk Incremental Common Shares Attributable To Stock Options From Continuing Operations
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shares
CY2012Q1 crk Incremental Common Shares Attributable To Stock Options From Discontinuing Operations
IncrementalCommonSharesAttributableToStockOptionsFromDiscontinuingOperations
shares
CY2012Q1 crk Incremental Common Shares Attributable To Performance Stock Unit From Discontinuing Operations
IncrementalCommonSharesAttributableToPerformanceStockUnitFromDiscontinuingOperations
shares
CY2012Q1 crk Incremental Common Shares Attributable To Performance Stock Unit From Continuing Operations
IncrementalCommonSharesAttributableToPerformanceStockUnitFromContinuingOperations
shares
CY2012Q1 crk Other Comprehensive Income Net Unrealized Gains Losses On Marketable Securities Net Of Tax Tax Amount
OtherComprehensiveIncomeNetUnrealizedGainsLossesOnMarketableSecuritiesNetOfTaxTaxAmount
6793000
CY2012Q1 crk Disposal Group Including Discontinued Operation Crude Oil
DisposalGroupIncludingDiscontinuedOperationCrudeOil
73 MBbls
CY2012Q1 crk Disposal Group Including Discontinued Operation Natural Gas
DisposalGroupIncludingDiscontinuedOperationNaturalGas
127 MMcf
CY2012Q1 crk Disposal Group Including Discontinued Operation Mcfe
DisposalGroupIncludingDiscontinuedOperationMcfe
566000 Mcfe
CY2012Q1 crk Disposal Group Including Discontinued Operation Oil And Gas Sales Revenue
DisposalGroupIncludingDiscontinuedOperationOilAndGasSalesRevenue
7917000
CY2012Q1 crk Disposal Group Including Discontinued Operation Production And Severance Taxes Operating Expense
DisposalGroupIncludingDiscontinuedOperationProductionAndSeveranceTaxesOperatingExpense
390000
CY2012Q1 crk Disposal Group Including Discontinued Operation Gas Gathering Transportation Marketing And Processing Costs
DisposalGroupIncludingDiscontinuedOperationGasGatheringTransportationMarketingAndProcessingCosts
177000
CY2012Q1 crk Disposal Group Including Discontinued Operation Current Income Tax Expense Benefit
DisposalGroupIncludingDiscontinuedOperationCurrentIncomeTaxExpenseBenefit
CY2012Q1 crk Disposal Group Including Discontinued Operation Deferred Income Tax Expense Benefit
DisposalGroupIncludingDiscontinuedOperationDeferredIncomeTaxExpenseBenefit
3381000
CY2012Q1 crk Disposal Group Including Discontinued Operation Income Tax Expense Benefit
DisposalGroupIncludingDiscontinuedOperationIncomeTaxExpenseBenefit
3381000
CY2012Q1 crk Disposal Group Including Discontinued Operations Interest Costs Capitalized
DisposalGroupIncludingDiscontinuedOperationsInterestCostsCapitalized
2140000

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