$CTRA
Coterra Energy Inc.

2024 Q3 Form 10-Q Financial Statement

#000085847024000106 Filed on August 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q4
Revenue $1.359B $1.271B $1.596B
YoY Change 0.22% 7.26% -30.0%
Cost Of Revenue $410.0M $268.0M $258.0M
YoY Change 59.53% -6.29% 1.57%
Gross Profit $949.0M $1.003B $1.338B
YoY Change -13.65% 11.57% -33.96%
Gross Profit Margin 69.83% 78.91% 83.83%
Selling, General & Admin $141.0M $256.0M $297.0M
YoY Change -45.14% 16.36% 8.0%
% of Gross Profit 14.86% 25.52% 22.2%
Research & Development $9.000M $5.000M $6.000M
YoY Change 80.0% 0.0% 0.0%
% of Gross Profit 0.95% 0.5% 0.45%
Depreciation & Amortization $475.0M $447.0M $454.0M
YoY Change 12.83% 13.74% 3.89%
% of Gross Profit 50.05% 44.57% 33.93%
Operating Expenses $625.0M $708.0M $759.0M
YoY Change -8.49% 14.19% 5.42%
Operating Profit $327.0M $296.0M $579.0M
YoY Change -22.88% 6.09% -55.67%
Interest Expense -$8.000M -$2.000M $0.00
YoY Change -147.06% -60.0% -100.0%
% of Operating Profit -2.45% -0.68% 0.0%
Other Income/Expense, Net -$2.000M -$13.00M -$8.000M
YoY Change 100.0% 1200.0% -233.33%
Pretax Income $319.0M $281.0M $569.0M
YoY Change -23.5% 4.07% -55.82%
Income Tax $67.00M $61.00M $153.0M
% Of Pretax Income 21.0% 21.71% 26.89%
Net Earnings $252.0M $220.0M $415.0M
YoY Change -21.98% 5.77% -59.71%
Net Earnings / Revenue 18.54% 17.31% 26.0%
Basic Earnings Per Share $0.34 $0.30
Diluted Earnings Per Share $0.34 $0.29 $0.55
COMMON SHARES
Basic Shares Outstanding 739.3M shares 744.2M shares 752.2M shares
Diluted Shares Outstanding 744.0M shares 748.0M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $843.0M $1.320B $956.0M
YoY Change -0.47% 56.96% 42.05%
Cash & Equivalents $843.0M $1.070B $956.0M
Short-Term Investments $250.0M
Other Short-Term Assets $70.00M $37.00M $12.00M
YoY Change 400.0% -66.96% 33.33%
Inventory $46.00M $45.00M $59.00M
Prepaid Expenses $21.00M $19.00M $11.00M
Receivables $764.0M $857.0M $843.0M
Other Receivables $49.00M $119.0M $55.00M
Total Short-Term Assets $1.735B $2.337B $2.015B
YoY Change 1.28% 42.5% -8.86%
LONG-TERM ASSETS
Property, Plant & Equipment $17.94B $18.29B $18.27B
YoY Change -1.89% 0.74% 2.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $450.0M $431.0M $467.0M
YoY Change -2.17% 432.1% 0.65%
Total Long-Term Assets $18.39B $18.43B $18.40B
YoY Change 0.02% 1.03% 2.55%
TOTAL ASSETS
Total Short-Term Assets $1.735B $2.337B $2.015B
Total Long-Term Assets $18.39B $18.43B $18.40B
Total Assets $20.13B $20.76B $20.42B
YoY Change 0.12% 4.45% 1.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $773.0M $775.0M $803.0M
YoY Change 20.22% 933.33% -4.86%
Accrued Expenses $291.0M $285.0M $261.0M
YoY Change -7.91% -50.09% -20.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $575.0M $575.0M
YoY Change -100.0% 9483.33% 9483.33%
Total Short-Term Liabilities $1.080B $1.665B $1.660B
YoY Change -34.15% 76.94% 39.15%
LONG-TERM LIABILITIES
Long-Term Debt $2.066B $2.071B $1.586B
YoY Change 29.77% -5.0% -27.28%
Other Long-Term Liabilities $291.0M $315.0M $429.0M
YoY Change -33.26% -56.49% -14.2%
Total Long-Term Liabilities $2.357B $2.386B $2.015B
YoY Change 16.22% -17.84% -24.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.080B $1.665B $1.660B
Total Long-Term Liabilities $2.357B $2.386B $2.015B
Total Liabilities $7.084B $7.727B $7.368B
YoY Change -3.01% 7.14% -1.55%
SHAREHOLDERS EQUITY
Retained Earnings $5.716B $5.620B $5.366B
YoY Change 12.06% 13.97% 15.75%
Common Stock $7.307B $7.398B $7.662B
YoY Change -4.81% -4.11% -4.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.03B $13.03B $13.04B
YoY Change
Total Liabilities & Shareholders Equity $20.13B $20.76B $20.42B
YoY Change 0.12% 4.45% 1.3%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q4
OPERATING ACTIVITIES
Net Income $252.0M $220.0M $415.0M
YoY Change -21.98% 5.77% -59.71%
Depreciation, Depletion And Amortization $475.0M $447.0M $454.0M
YoY Change 12.83% 13.74% 3.89%
Cash From Operating Activities $755.0M $558.0M $760.0M
YoY Change -0.4% -13.62% -48.79%
INVESTING ACTIVITIES
Capital Expenditures $396.0M $481.0M $470.0M
YoY Change -27.74% -19.43% -6.93%
Acquisitions
YoY Change
Other Investing Activities $257.0M $1.000M $0.00
YoY Change 3571.43% -96.43% -100.0%
Cash From Investing Activities -$139.0M -$480.0M -$470.0M
YoY Change -74.31% -15.64% -4.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -847.0M -297.0M -181.0M
YoY Change 301.42% 41.43% -83.52%
NET CHANGE
Cash From Operating Activities 755.0M 558.0M 760.0M
Cash From Investing Activities -139.0M -480.0M -470.0M
Cash From Financing Activities -847.0M -297.0M -181.0M
Net Change In Cash -231.0M -219.0M 109.0M
YoY Change -3950.0% 64.66% -203.81%
FREE CASH FLOW
Cash From Operating Activities $755.0M $558.0M $760.0M
Capital Expenditures $396.0M $481.0M $470.0M
Free Cash Flow $359.0M $77.00M $290.0M
YoY Change 70.95% 57.14% -70.38%

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<div style="margin-bottom:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">From time-to-time, we make certain reclassifications to prior year statements to conform with the current year presentation. These reclassifications have no impact on previously reported stockholders’ equity, net income or cash flows.</span></div>
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0000858470-24-000106.txt Edgar Link pending
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ctra-06302024ex31_1.htm Edgar Link pending
ctra-06302024ex31_2.htm Edgar Link pending
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