$CRK
COMSTOCK RESOURCES INC Stock $crk

$crk Overview Financials Valuation SEC Filings Company Website

2014 Q3 Form 10-Q Financial Statement

#000156459014005048 Filed on November 05, 2014

Income Statement

Concept	2014 Q3	2014 Q2	2013 Q3
Revenue	$145.0M	$155.7M	$111.6M
YoY Change	29.92%	44.32%	14.92%
Cost Of Revenue	$25.40M	$23.60M	$21.60M
YoY Change	17.59%	11.32%	-2.26%
Gross Profit	$119.6M	$132.1M	$90.00M
YoY Change	32.89%	52.54%	20.0%
Gross Profit Margin	82.49%	84.83%	80.65%
Selling, General & Admin	$7.900M	$9.600M	$8.200M
YoY Change	-3.66%	5.49%	1.23%
% of Gross Profit	6.61%	7.27%	9.11%
Research & Development	$11.40M	$0.00	$3.000M
YoY Change	280.0%	-100.0%	114.29%
% of Gross Profit	9.53%	0.0%	3.33%
Depreciation & Amortization	$99.98M	$94.54M	$85.76M
YoY Change	16.57%	10.9%	-6.31%
% of Gross Profit	83.59%	71.57%	95.29%
Operating Expenses	$144.7M	$128.0M	$120.7M
YoY Change	19.92%	1.66%	-4.2%
Operating Profit	$263.0K	$27.73M	-$9.086M
YoY Change	-102.89%	-254.02%	-68.49%
Interest Expense	-$2.900M	$14.77M	-$27.90M
YoY Change	-89.61%	-23.25%	-279.69%
% of Operating Profit	-1102.66%	53.25%
Other Income/Expense, Net	$200.0K	-$24.58M	$400.0K
YoY Change	-50.0%	58.33%	-101.72%
Pretax Income	-$2.393M	$3.151M	-$36.60M
YoY Change	-93.46%	-109.4%	-2.57%
Income Tax	-$500.0K	$1.253M	-$12.60M
% Of Pretax Income		39.77%
Net Earnings	-$1.903M	$1.898M	-$24.03M
YoY Change	-92.08%	-98.54%	-21.07%
Net Earnings / Revenue	-1.31%	1.22%	-21.54%
Basic Earnings Per Share	-$0.04	$0.04	-$0.52
Diluted Earnings Per Share	-$0.04	$0.04	-$0.52
COMMON SHARES
Basic Shares Outstanding	46.65M	46.65M	46.57M
Diluted Shares Outstanding	46.65M	47.00M	46.57M

Balance Sheet

Concept	2014 Q3	2014 Q2	2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$6.400M	$3.800M	$228.4M
YoY Change	-97.2%	-98.56%	1197.73%
Cash & Equivalents	$6.433M	$3.813M	$228.4M
Short-Term Investments			$0.00
Other Short-Term Assets	$7.500M	$5.700M	$7.300M
YoY Change	2.74%	10.83%	-4.67%
Inventory
Prepaid Expenses
Receivables	$72.30M	$80.70M	$89.50M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$86.20M	$90.20M	$325.2M
YoY Change	-73.49%	-73.04%	269.42%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.220B	$2.193B	$1.937B
YoY Change	14.64%	14.85%	-23.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$15.80M	$16.56M	$15.40M
YoY Change	2.6%	-7.5%	-26.49%
Total Long-Term Assets	$2.236B	$2.210B	$1.952B
YoY Change	14.55%	14.65%	-24.03%
TOTAL ASSETS
Total Short-Term Assets	$86.20M	$90.20M	$325.2M
Total Long-Term Assets	$2.236B	$2.210B	$1.952B
Total Assets	$2.322B	$2.300B	$2.277B
YoY Change	1.98%	1.68%	-14.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$126.7M	$128.9M	$120.2M
YoY Change	5.41%	55.95%	22.06%
Accrued Expenses	$56.80M	$42.14M	$60.70M
YoY Change	-6.42%	10.26%	-36.5%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due			$195.6M
YoY Change
Total Short-Term Liabilities	$184.9M	$179.7M	$378.6M
YoY Change	-51.16%	47.12%	89.22%
LONG-TERM LIABILITIES
Long-Term Debt	$1.000B	$975.2M	$688.3M
YoY Change	45.33%	10.4%	-44.44%
Other Long-Term Liabilities	$2.025M	$1.803M	$19.30M
YoY Change	-89.51%	-18.12%	738.77%
Total Long-Term Liabilities	$1.002B	$977.0M	$707.6M
YoY Change	41.65%	10.32%	-42.99%
TOTAL LIABILITIES
Total Short-Term Liabilities	$184.9M	$179.7M	$378.6M
Total Long-Term Liabilities	$1.002B	$977.0M	$707.6M
Total Liabilities	$1.383B	$1.356B	$1.285B
YoY Change	7.59%	9.86%	-21.94%
SHAREHOLDERS EQUITY
Retained Earnings	$430.6M	$438.4M
YoY Change		-15.82%
Common Stock	$509.1M	$506.3M
YoY Change		-0.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$939.6M	$944.7M	$992.2M
YoY Change
Total Liabilities & Shareholders Equity	$2.322B	$2.300B	$2.277B
YoY Change	1.97%	1.68%	-14.31%

Cashflow Statement

Concept	2014 Q3	2014 Q2	2013 Q3
OPERATING ACTIVITIES
Net Income	-$1.903M	$1.898M	-$24.03M
YoY Change	-92.08%	-98.54%	-21.07%
Depreciation, Depletion And Amortization	$99.98M	$94.54M	$85.76M
YoY Change	16.57%	10.9%	-6.31%
Cash From Operating Activities	$123.7M	$109.6M	$820.2M
YoY Change	-84.92%	933.96%	-2090.78%
INVESTING ACTIVITIES
Capital Expenditures	-$140.0M	-$124.9M	-$117.6M
YoY Change	19.05%	76.66%	95.67%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	-$722.9M
YoY Change	-100.0%	-100.0%	-944.51%
Cash From Investing Activities	-$140.0M	-$124.9M	-$840.3M
YoY Change	-83.34%	-117.72%	-3395.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$9.232M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	18.90M	17.40M	-15.20M
YoY Change	-224.34%	-103.79%	-202.7%
NET CHANGE
Cash From Operating Activities	123.7M	109.6M	820.2M
Cash From Investing Activities	-140.0M	-124.9M	-840.3M
Cash From Financing Activities	18.90M	17.40M	-15.20M
Net Change In Cash	2.600M	2.100M	-35.30M
YoY Change	-107.37%	-99.18%	3822.22%
FREE CASH FLOW
Cash From Operating Activities	$123.7M	$109.6M	$820.2M
Capital Expenditures	-$140.0M	-$124.9M	-$117.6M
Free Cash Flow	$263.7M	$234.5M	$937.8M
YoY Change	-71.88%	188.44%	4861.9%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2014Q3	us-gaap	Oil And Condensate Revenue OilAndCondensateRevenue	107899000
CY2014Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	2025000
CY2014Q3	us-gaap	Revenues Revenues	144983000
CY2013Q4	us-gaap	Deferred Tax Liabilities Current DeferredTaxLiabilitiesCurrent	339000
CY2013Q3	us-gaap	Revenues Revenues	111590000
	us-gaap	Revenues Revenues	442615000
CY2013Q3	crk	Exploration Expense Including Unproved Impairments And Exploratory Dry Hole Costs ExplorationExpenseIncludingUnprovedImpairmentsAndExploratoryDryHoleCosts	2995000
	crk	Exploration Expense Including Unproved Impairments And Exploratory Dry Hole Costs ExplorationExpenseIncludingUnprovedImpairmentsAndExploratoryDryHoleCosts	11449000
CY2014Q3	us-gaap	Common Stock Value CommonStockValue	23930000
CY2014Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2014Q3	us-gaap	Liabilities Liabilities	1382725000
	crk	Production And Severance Taxes Operating Expense ProductionAndSeveranceTaxesOperatingExpense	18437000
CY2013Q3	us-gaap	Gas Gathering Transportation Marketing And Processing Costs GasGatheringTransportationMarketingAndProcessingCosts	4478000
CY2013Q3	crk	Production And Severance Taxes Operating Expense ProductionAndSeveranceTaxesOperatingExpense	4168000
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.344
CY2014Q3	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.350
CY2013Q3	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.350
CY2013Q3	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	-0.003
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	-0.055
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.006
CY2013Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.344
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.556
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	2349000
CY2014Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	56801000
CY2014Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	485132000
CY2014Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1000298000
CY2014Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.50
CY2014Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	430564000
CY2014Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	47860582
CY2014Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	75000000
CY2014Q3	us-gaap	Liabilities Current LiabilitiesCurrent	184913000
CY2014Q3	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	179371000
CY2014Q3	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	16118000
CY2014Q3	us-gaap	Stockholders Equity StockholdersEquity	939626000
CY2014Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2322351000
	us-gaap	Gas Gathering Transportation Marketing And Processing Costs GasGatheringTransportationMarketingAndProcessingCosts	10039000
	us-gaap	Lease Operating Expense LeaseOperatingExpense	44899000
CY2013Q3	us-gaap	Lease Operating Expense LeaseOperatingExpense	12955000
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	300750000
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	95000000
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	537225000
	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	2400000
CY2013Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	8153000
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	25910000
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	25996000
CY2013Q3	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	-2165000
	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	-2084000
CY2014Q3	us-gaap	Net Income Loss NetIncomeLoss	-1903000
CY2014Q3	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-0.04
CY2014Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.04
CY2014Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.125
CY2013Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.125
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.375
CY2014Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	46651000
CY2013Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	46570000
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	46628000
CY2014Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	46651000
CY2013Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	46570000
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	46948000
CY2014Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	0
CY2013Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	0
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	0
CY2013Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-24034000
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1160000
	crk	Other Comprehensive Income Net Unrealized Gains Losses On Marketable Securities Net Of Tax Tax Amount OtherComprehensiveIncomeNetUnrealizedGainsLossesOnMarketableSecuritiesNetOfTaxTaxAmount	2380000
	us-gaap	Share Based Compensation ShareBasedCompensation	7842000
	us-gaap	Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation	-1087000
	us-gaap	Dividends Dividends	17945000
	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax	0
	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax	148609000
	crk	Gain Loss On Sale Of Assets GainLossOnSaleOfAssets	0
	crk	Gain Loss On Sale Of Assets GainLossOnSaleOfAssets	5793000
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	1487000
	crk	Dry Hole Costs And Lease Hold Impairments DryHoleCostsAndLeaseHoldImpairments	11449000
	us-gaap	Cash Provided By Used In Operating Activities Discontinued Operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations	-7730000
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	205562000
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	250353000
	us-gaap	Proceeds From Sale Of Other Investments ProceedsFromSaleOfOtherInvestments	0
	us-gaap	Proceeds From Sale Of Other Investments ProceedsFromSaleOfOtherInvestments	13215000
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-502362000
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-237138000
	crk	Payment To Acquire Property Plant And Equipment Discontinued Operations PaymentToAcquirePropertyPlantAndEquipmentDiscontinuedOperations	0
	crk	Payment To Acquire Property Plant And Equipment Discontinued Operations PaymentToAcquirePropertyPlantAndEquipmentDiscontinuedOperations	101037000
	crk	Proceeds From Sale Of Oil And Gas Property And Equipment Discontinued Operations ProceedsFromSaleOfOilAndGasPropertyAndEquipmentDiscontinuedOperations	0
	crk	Proceeds From Sale Of Oil And Gas Property And Equipment Discontinued Operations ProceedsFromSaleOfOilAndGasPropertyAndEquipmentDiscontinuedOperations	823701000
	us-gaap	Cash Provided By Used In Investing Activities Discontinued Operations CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations	0
	us-gaap	Cash Provided By Used In Investing Activities Discontinued Operations CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations	722664000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-502362000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	485526000
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	100000000
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	2524000
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	5120000
	crk	Other Comprehensive Income Unrealized Holding Gain On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainOnSecuritiesArisingDuringPeriodNetOfTax	702000
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax	2757000
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	16000
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2349000
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1680000
	crk	Tax Benefit Cost From Share Based Compensation Financing Activities TaxBenefitCostFromShareBasedCompensationFinancingActivities	-1087000
	crk	Tax Benefit Cost From Share Based Compensation Financing Activities TaxBenefitCostFromShareBasedCompensationFinancingActivities	-2016000
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	9232000
	us-gaap	Payments Of Dividends PaymentsOfDividends	17945000
	us-gaap	Payments Of Dividends PaymentsOfDividends	12037000
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	176845000
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-467206000
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	3466000
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	223882000
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4471000
CY2013Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	228353000
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:18pt;margin-left:2.26%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Reclassifications </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Certain reclassifications have been made to prior periods’ financial statements, consisting primarily of reclassifications to the presentation of the Company’s derivative financial instruments, to conform to the current periods’ presentation. </p></div>
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	1045000
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	599000
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	377000
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	76000
CY2013Q3	crk	Impairment Charges Related To Unevaluated Properties ImpairmentChargesRelatedToUnevaluatedProperties	3000000
	crk	Impairment Charges Related To Unevaluated Properties ImpairmentChargesRelatedToUnevaluatedProperties	14900000
	crk	Impairment Charges Related To Unevaluated Properties ImpairmentChargesRelatedToUnevaluatedProperties	0
CY2014Q3	crk	Impairment Charges Related To Oil And Gas Properties ImpairmentChargesRelatedToOilAndGasProperties	15000
	crk	Impairment Charges Related To Oil And Gas Properties ImpairmentChargesRelatedToOilAndGasProperties	300000
	crk	Impairment Charges Related To Oil And Gas Properties ImpairmentChargesRelatedToOilAndGasProperties	700000
CY2013Q4	crk	Accrued Oil And Gas Property Acquisition Costs AccruedOilAndGasPropertyAcquisitionCosts	40128000
CY2014Q3	crk	Accrued Drilling Costs AccruedDrillingCosts	19904000
CY2013Q4	crk	Accrued Drilling Costs AccruedDrillingCosts	34914000
CY2014Q3	us-gaap	Interest Payable Current InterestPayableCurrent	23880000
CY2013Q4	us-gaap	Interest Payable Current InterestPayableCurrent	7051000
CY2014Q3	crk	Accrued Ad Valorem Taxes Payable AccruedAdValoremTaxesPayable	4800000
CY2014Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	8217000
CY2013Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	9204000
CY2012Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	16387000
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	615000
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	716000
	crk	Disposal Group Including Discontinued Operation Oil And Gas Sales Revenue DisposalGroupIncludingDiscontinuedOperationOilAndGasSalesRevenue	25125000
CY2014Q3	us-gaap	Gain Loss On Price Risk Derivatives Net GainLossOnPriceRiskDerivativesNet	12000000
CY2013Q3	us-gaap	Gain Loss On Price Risk Derivatives Net GainLossOnPriceRiskDerivativesNet	-7400000
	us-gaap	Gain Loss On Price Risk Derivatives Net GainLossOnPriceRiskDerivativesNet	-2800000
	us-gaap	Gain Loss On Price Risk Derivatives Net GainLossOnPriceRiskDerivativesNet	-10300000
CY2014Q3	crk	Derivative Cash Paid Received On Hedge DerivativeCashPaidReceivedOnHedge	-400000
CY2013Q3	crk	Derivative Cash Paid Received On Hedge DerivativeCashPaidReceivedOnHedge	-3600000
	crk	Derivative Cash Paid Received On Hedge DerivativeCashPaidReceivedOnHedge	-5700000
	crk	Derivative Cash Paid Received On Hedge DerivativeCashPaidReceivedOnHedge	1600000
CY2014Q3	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-73000
CY2013Q3	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	0
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-36000
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	555000
CY2013Q3	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	17147000
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	0
CY2014Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-417000
CY2013Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-12554000
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.350
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.350
CY2014Q3	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost	-0.151
CY2013Q3	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost	-0.006
	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost	0.201
	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost	-0.011
CY2014Q3	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.055
CY2014Q3	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.049
CY2013Q3	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.003
	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.060
	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.001
CY2014Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.205
	crk	Number Of State Jurisdiction Currently Under Review NumberOfStateJurisdictionCurrentlyUnderReview	1
	crk	Performance Units Adjustment For Performance Multiplier Range Minimum PerformanceUnitsAdjustmentForPerformanceMultiplierRangeMinimum	0.0000
	crk	Performance Units Adjustment For Performance Multiplier Range Maximum PerformanceUnitsAdjustmentForPerformanceMultiplierRangeMaximum	3.00
CY2014Q3	crk	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Nonvested Weighted Average Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonvestedWeightedAverageNumber	1210000
CY2013Q3	crk	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Nonvested Weighted Average Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonvestedWeightedAverageNumber	1520000
	crk	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Nonvested Weighted Average Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonvestedWeightedAverageNumber	1184000
	crk	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Nonvested Weighted Average Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonvestedWeightedAverageNumber	1552000
CY2014Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	115000
CY2013Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	115000
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	115000
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	135000
CY2014Q3	crk	Antidilutive Securities Excluded From Computation Of Earnings Per Share Weighted Average Exercise Price AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareWeightedAverageExercisePrice	32.90
CY2013Q3	crk	Antidilutive Securities Excluded From Computation Of Earnings Per Share Weighted Average Exercise Price AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareWeightedAverageExercisePrice	32.90
	crk	Antidilutive Securities Excluded From Computation Of Earnings Per Share Weighted Average Exercise Price AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareWeightedAverageExercisePrice	32.90
	crk	Antidilutive Securities Excluded From Computation Of Earnings Per Share Weighted Average Exercise Price AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareWeightedAverageExercisePrice	32.90
CY2014Q3	crk	Anti Dilutive Securities Performance Share Units Excluded From Computation Of Earnings Per Share Amount AntiDilutiveSecuritiesPerformanceShareUnitsExcludedFromComputationOfEarningsPerShareAmount	257000
CY2013Q3	crk	Anti Dilutive Securities Performance Share Units Excluded From Computation Of Earnings Per Share Amount AntiDilutiveSecuritiesPerformanceShareUnitsExcludedFromComputationOfEarningsPerShareAmount	91000
	crk	Anti Dilutive Securities Performance Share Units Excluded From Computation Of Earnings Per Share Amount AntiDilutiveSecuritiesPerformanceShareUnitsExcludedFromComputationOfEarningsPerShareAmount	56000
CY2014Q3	crk	Anti Dilutive Securities Excluded From Computation Of Earnings Per Unit Weighted Average Exercise Price AntiDilutiveSecuritiesExcludedFromComputationOfEarningsPerUnitWeightedAverageExercisePrice	20.71
CY2013Q3	crk	Anti Dilutive Securities Excluded From Computation Of Earnings Per Unit Weighted Average Exercise Price AntiDilutiveSecuritiesExcludedFromComputationOfEarningsPerUnitWeightedAverageExercisePrice	21.19
	crk	Anti Dilutive Securities Excluded From Computation Of Earnings Per Unit Weighted Average Exercise Price AntiDilutiveSecuritiesExcludedFromComputationOfEarningsPerUnitWeightedAverageExercisePrice	21.15
	us-gaap	Interest Paid InterestPaid	30441000
	us-gaap	Interest Paid InterestPaid	44228000
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1467000
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	768000
CY2014Q3	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	2700000
CY2013Q3	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	700000
	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	7500000
	crk	Disposal Group Including Discontinued Operation Production And Severance Taxes Operating Expense DisposalGroupIncludingDiscontinuedOperationProductionAndSeveranceTaxesOperatingExpense	1120000
	crk	Disposal Group Including Discontinued Operation Depreciation Depletion And Amortization DisposalGroupIncludingDiscontinuedOperationDepreciationDepletionAndAmortization	8649000
CY2014Q3	us-gaap	Dividends Payable Date Declared Day Month And Year DividendsPayableDateDeclaredDayMonthAndYear	2014-08-21
	crk	Disposal Group Including Discontinued Operation Gas Gathering Transportation Marketing And Processing Costs DisposalGroupIncludingDiscontinuedOperationGasGatheringTransportationMarketingAndProcessingCosts	501000
	crk	Disposal Group Including Discontinued Operation Lease Operating Expense DisposalGroupIncludingDiscontinuedOperationLeaseOperatingExpense	9853000
CY2014Q1	us-gaap	Dividends Payable Date Of Record Day Month And Year DividendsPayableDateOfRecordDayMonthAndYear	2014-03-07
	us-gaap	Disposal Group Including Discontinued Operation Interest Expense DisposalGroupIncludingDiscontinuedOperationInterestExpense	6346000
	crk	Disposal Group Including Discontinued Operation Costs And Expenses DisposalGroupIncludingDiscontinuedOperationCostsAndExpenses	26469000
	us-gaap	Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal	230637000
	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Before Income Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax	229293000
	crk	Disposal Group Including Discontinued Operation Current Income Tax Expense Benefit DisposalGroupIncludingDiscontinuedOperationCurrentIncomeTaxExpenseBenefit	637000
	crk	Disposal Group Including Discontinued Operation Deferred Income Tax Expense Benefit DisposalGroupIncludingDiscontinuedOperationDeferredIncomeTaxExpenseBenefit	80047000
	crk	Disposal Group Including Discontinued Operation Income Tax Expense Benefit DisposalGroupIncludingDiscontinuedOperationIncomeTaxExpenseBenefit	80684000
	crk	Disposal Group Including Discontinued Operations Interest Costs Capitalized DisposalGroupIncludingDiscontinuedOperationsInterestCostsCapitalized	2010000
CY2014Q1	us-gaap	Dividends Payable Date Declared Day Month And Year DividendsPayableDateDeclaredDayMonthAndYear	2014-02-20
CY2014Q2	us-gaap	Dividends Payable Date Declared Day Month And Year DividendsPayableDateDeclaredDayMonthAndYear	2014-05-21
CY2014Q2	us-gaap	Dividends Payable Date Of Record Day Month And Year DividendsPayableDateOfRecordDayMonthAndYear	2014-06-06
CY2014Q3	us-gaap	Dividends Payable Date Of Record Day Month And Year DividendsPayableDateOfRecordDayMonthAndYear	2014-09-05
CY2014Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.125
CY2014Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.125
CY2014Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.125
	us-gaap	Dividends Cash DividendsCash	17900000
	us-gaap	Dividends Cash DividendsCash	12000000
CY2014Q3	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	100000000
	us-gaap	Stock Repurchased And Retired During Period Shares StockRepurchasedAndRetiredDuringPeriodShares	631096
CY2013Q3	us-gaap	Stock Repurchased And Retired During Period Shares StockRepurchasedAndRetiredDuringPeriodShares	631096
CY2013Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	9232000
CY2014Q3	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	90800000
CY2014Q3	us-gaap	Long Term Debt LongTermDebt	1000298000
	crk	Contract Term Related To Drilling Services ContractTermRelatedToDrillingServices	up to two years
CY2014Q3	crk	Commitments For Contracted Drilling Services CommitmentsForContractedDrillingServices	56300000
	crk	Natural Gas Transportation Agreement Term NaturalGasTransportationAgreementTerm	Through July 2019
CY2014Q3	crk	Maximum Commitments Under Natural Gas Transportation Agreements MaximumCommitmentsUnderNaturalGasTransportationAgreements	13400000

Files In Submission

Name	View Source	Status
0001564590-14-005048-index-headers.html	Edgar Link	pending
0001564590-14-005048-index.html	Edgar Link	pending
0001564590-14-005048.txt	Edgar Link	pending
0001564590-14-005048-xbrl.zip	Edgar Link	pending
crk-10q_20140930.htm	Edgar Link	pending
crk-20140930.xml	Edgar Link	completed
crk-20140930.xsd	Edgar Link	pending
crk-20140930_cal.xml	Edgar Link	unprocessable
crk-20140930_def.xml	Edgar Link	unprocessable
crk-20140930_lab.xml	Edgar Link	unprocessable
crk-20140930_pre.xml	Edgar Link	unprocessable
crk-ex311_201409309.htm	Edgar Link	pending
crk-ex312_201409307.htm	Edgar Link	pending
crk-ex321_201409306.htm	Edgar Link	pending
crk-ex322_201409308.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
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R3.htm	Edgar Link	pending
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R4.htm	Edgar Link	pending
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R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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2014 Q3 Form 10-Q Financial Statement

#000156459014005048 Filed on November 05, 2014

Income Statement

Balance Sheet

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$CRK COMSTOCK RESOURCES INC Stock $crk

2014 Q3 Form 10-Q Financial Statement

#000156459014005048 Filed on November 05, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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COMSTOCK RESOURCES INC Stock $crk