$CTRA
Coterra Energy Inc.

2023 Q4 Form 10-Q Financial Statement

#000085847023000056 Filed on November 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $1.596B $1.356B
YoY Change -30.0% -46.19%
Cost Of Revenue $258.0M $257.0M
YoY Change 1.57% -31.1%
Gross Profit $1.338B $1.099B
YoY Change -33.96% -48.81%
Gross Profit Margin 83.83% 81.05%
Selling, General & Admin $297.0M $257.0M
YoY Change 8.0% 31.12%
% of Gross Profit 22.2% 23.38%
Research & Development $6.000M $5.000M
YoY Change 0.0% -50.0%
% of Gross Profit 0.45% 0.45%
Depreciation & Amortization $454.0M $421.0M
YoY Change 3.89% -0.24%
% of Gross Profit 33.93% 38.31%
Operating Expenses $759.0M $683.0M
YoY Change 5.42% 8.76%
Operating Profit $579.0M $424.0M
YoY Change -55.67% -71.85%
Interest Expense $0.00 $17.00M
YoY Change -100.0% -41.38%
% of Operating Profit 0.0% 4.01%
Other Income/Expense, Net -$8.000M -$1.000M
YoY Change -233.33% -200.0%
Pretax Income $569.0M $417.0M
YoY Change -55.82% -72.48%
Income Tax $153.0M $94.00M
% Of Pretax Income 26.89% 22.54%
Net Earnings $415.0M $323.0M
YoY Change -59.71% -72.99%
Net Earnings / Revenue 26.0% 23.82%
Basic Earnings Per Share $0.43
Diluted Earnings Per Share $0.55 $0.42
COMMON SHARES
Basic Shares Outstanding 752.2M shares 755.0M shares
Diluted Shares Outstanding 758.0M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $956.0M $847.0M
YoY Change 42.05% 8.87%
Cash & Equivalents $956.0M $847.0M
Short-Term Investments
Other Short-Term Assets $12.00M $14.00M
YoY Change 33.33% 75.0%
Inventory $59.00M $64.00M
Prepaid Expenses $11.00M
Receivables $843.0M $727.0M
Other Receivables $55.00M $16.00M
Total Short-Term Assets $2.015B $1.713B
YoY Change -8.86% -27.11%
LONG-TERM ASSETS
Property, Plant & Equipment $18.27B $18.29B
YoY Change 2.29% 4.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $467.0M $460.0M
YoY Change 0.65% -12.55%
Total Long-Term Assets $18.40B $18.39B
YoY Change 2.55% 2.41%
TOTAL ASSETS
Total Short-Term Assets $2.015B $1.713B
Total Long-Term Assets $18.40B $18.39B
Total Assets $20.42B $20.10B
YoY Change 1.3% -1.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $803.0M $643.0M
YoY Change -4.86% -36.34%
Accrued Expenses $261.0M $316.0M
YoY Change -20.43% 7.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $575.0M $575.0M
YoY Change 9483.33% 1206.82%
Total Short-Term Liabilities $1.660B $1.640B
YoY Change 39.15% 15.9%
LONG-TERM LIABILITIES
Long-Term Debt $1.586B $1.592B
YoY Change -27.28% -27.24%
Other Long-Term Liabilities $429.0M $436.0M
YoY Change -14.2% -18.2%
Total Long-Term Liabilities $2.015B $2.028B
YoY Change -24.84% -25.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.660B $1.640B
Total Long-Term Liabilities $2.015B $2.028B
Total Liabilities $7.368B $7.304B
YoY Change -1.55% -4.34%
SHAREHOLDERS EQUITY
Retained Earnings $5.366B $5.101B
YoY Change 15.75% 23.3%
Common Stock $7.662B $7.676B
YoY Change -4.34% -30.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.04B $12.79B
YoY Change
Total Liabilities & Shareholders Equity $20.42B $20.10B
YoY Change 1.3% -1.0%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $415.0M $323.0M
YoY Change -59.71% -72.99%
Depreciation, Depletion And Amortization $454.0M $421.0M
YoY Change 3.89% -0.24%
Cash From Operating Activities $760.0M $758.0M
YoY Change -48.79% -57.2%
INVESTING ACTIVITIES
Capital Expenditures $470.0M $548.0M
YoY Change -6.93% -219.13%
Acquisitions
YoY Change
Other Investing Activities $0.00 $7.000M
YoY Change -100.0% -61.11%
Cash From Investing Activities -$470.0M -$541.0M
YoY Change -4.28% 22.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -181.0M -211.0M
YoY Change -83.52% -86.89%
NET CHANGE
Cash From Operating Activities 760.0M 758.0M
Cash From Investing Activities -470.0M -541.0M
Cash From Financing Activities -181.0M -211.0M
Net Change In Cash 109.0M 6.000M
YoY Change -203.81% -102.14%
FREE CASH FLOW
Cash From Operating Activities $760.0M $758.0M
Capital Expenditures $470.0M $548.0M
Free Cash Flow $290.0M $210.0M
YoY Change -70.38% -90.59%

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CY2023Q1 us-gaap Stock Repurchased During Period Value
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CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q1 us-gaap Dividends Common Stock Cash
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CY2023Q1 us-gaap Stockholders Equity
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CY2023Q2 us-gaap Net Income Loss
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CY2023Q2 ctra Stock Amortization And Vesting
StockAmortizationAndVesting
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CY2023Q2 us-gaap Dividends Common Stock Cash
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CY2023Q2 us-gaap Stockholders Equity
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CY2023Q3 ctra Stock Amortization And Vesting
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CY2023Q3 us-gaap Dividends Common Stock Cash
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CY2023Q3 us-gaap Stockholders Equity
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CY2021Q4 us-gaap Stockholders Equity
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CY2022Q1 ctra Stock Amortization And Vesting
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CY2022Q1 us-gaap Dividends Common Stock Cash
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CY2022Q1 us-gaap Stockholders Equity
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CY2022Q2 us-gaap Net Income Loss
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CY2022Q2 ctra Stock Amortization And Vesting
StockAmortizationAndVesting
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CY2022Q2 us-gaap Stock Repurchased During Period Value
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CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q2 us-gaap Dividends Common Stock Cash
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CY2022Q2 us-gaap Stockholders Equity
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CY2022Q3 us-gaap Net Income Loss
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CY2022Q3 ctra Stock Amortization And Vesting
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CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q3 us-gaap Dividends Common Stock Cash
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us-gaap Prior Period Reclassification Adjustment Description
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CY2022Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
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CY2023Q3 us-gaap Capitalized Contract Cost Amortization Period
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CY2022Q4 us-gaap Long Term Debt
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CY2022Q4 us-gaap Long Term Debt Current
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CY2023Q3 us-gaap Derivative Fair Value Of Derivative Asset
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CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2023Q3 us-gaap Derivative Gain Loss On Derivative Net
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CY2023Q3 us-gaap Deferred Compensation Liability Classified Noncurrent
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CY2023Q3 us-gaap Asset Retirement Obligations Noncurrent
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CY2022Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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ctra Fair Value Recurring Basis Unobservable Input Reconciliation Net Derivative Asset Liability Gain Loss Statement Of Income Extensible List Not Disclosed Flag
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Total gain (loss) included in earnings
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales Issues Settlements
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales Issues Settlements
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Net
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Net
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CY2023Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
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ctra Number Of Non Financial Assets And Liabilities Impaired
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us-gaap Asset Retirement Obligation Liabilities Incurred
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CY2023Q3 us-gaap Asset Retirement Obligation
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CY2023Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2023Q3 us-gaap Contract With Customer Asset Net
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CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q1 ctra Dividends Common Stock Fixed Price Per Share
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CY2023Q2 ctra Dividends Common Stock Fixed Price Per Share
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CY2023Q3 ctra Dividends Common Stock Fixed Price Per Share
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ctra Dividends Common Stock Fixed Price Per Share
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CY2022Q1 ctra Dividends Common Stock Fixed Price Per Share
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CY2022Q2 ctra Dividends Common Stock Fixed Price Per Share
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CY2022Q3 ctra Dividends Common Stock Fixed Price Per Share
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CY2022Q3 ctra Dividends Common Stock Variable Price Per Share
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CY2022Q3 us-gaap Dividends Common Stock
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ctra Dividends Common Stock Fixed Price Per Share
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us-gaap Common Stock Dividends Per Share Cash Paid
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us-gaap Dividends Common Stock
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us-gaap Stock Repurchased And Retired During Period Shares
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us-gaap Stock Repurchased And Retired During Period Value
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CY2023Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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us-gaap Stock Repurchased During Period Shares
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us-gaap Stock Repurchased During Period Value
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CY2023Q3 us-gaap Net Income Loss
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CY2022Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2023Q3 us-gaap Redeemable Preferred Stock Dividends
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us-gaap Redeemable Preferred Stock Dividends
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2023Q3 us-gaap Accounts Receivable Net Current
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Files In Submission

Name View Source Status
ctra-20230930_cal.xml Edgar Link unprocessable
ctra-20230930_def.xml Edgar Link unprocessable
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0000858470-23-000056-index.html Edgar Link pending
0000858470-23-000056.txt Edgar Link pending
0000858470-23-000056-xbrl.zip Edgar Link pending
ctra-09302023ex31_1.htm Edgar Link pending
ctra-09302023ex31_2.htm Edgar Link pending
ctra-09302023ex32_1.htm Edgar Link pending
ctra-20230930.htm Edgar Link pending
ctra-20230930.xsd Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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ctra-20230930_lab.xml Edgar Link unprocessable
ctra-20230930_pre.xml Edgar Link unprocessable
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ctra-20230930_htm.xml Edgar Link completed
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