$EXE
EXPAND ENERGY Corp

2023 Q2 Form 10-Q Financial Statement

#000089512623000063 Filed on May 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $1.419B $3.370B $935.0M
YoY Change -59.69% 260.43% 259.62%
Cost Of Revenue $336.0M $464.0M $415.0M
YoY Change -25.17% 11.81% 26.91%
Gross Profit $1.083B $2.571B $241.0M
YoY Change -64.49% 966.8% -70.02%
Gross Profit Margin 76.32% 76.29% 25.78%
Selling, General & Admin $642.0M $686.0M $877.0M
YoY Change -49.21% -21.78% 58.59%
% of Gross Profit 59.28% 26.68% 363.9%
Research & Development $8.000M $7.000M $5.000M
YoY Change 14.29% 40.0% 400.0%
% of Gross Profit 0.74% 0.27% 2.07%
Depreciation & Amortization $376.0M $390.0M $409.0M
YoY Change -16.63% -4.65% 468.06%
% of Gross Profit 34.72% 15.17% 169.71%
Operating Expenses $1.035B $1.086B $1.314B
YoY Change -40.17% -17.35% 78.05%
Operating Profit $48.00M $1.820B -$794.0M
YoY Change -96.42% -329.22% 239.32%
Interest Expense -$22.00M $37.00M $32.00M
YoY Change -161.11% 15.63% 190.91%
% of Operating Profit -45.83% 2.03%
Other Income/Expense, Net $23.00M -$27.00M -$16.00M
YoY Change -185.19% 68.75% -100.29%
Pretax Income $518.0M $1.793B -$810.0M
YoY Change -60.58% -321.36% -115.21%
Income Tax $127.0M $404.0M -$46.00M
% Of Pretax Income 24.52% 22.53%
Net Earnings $391.0M $1.389B -$764.0M
YoY Change -68.39% -281.81% -358.98%
Net Earnings / Revenue 27.55% 41.22% -81.71%
Basic Earnings Per Share $2.93 $10.31 -$6.32
Diluted Earnings Per Share $2.73 $9.60 -$6.32
COMMON SHARES
Basic Shares Outstanding 133.9M shares 134.7M shares 120.8M shares
Diluted Shares Outstanding 143.3M shares 144.7M shares 120.8M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $903.0M $130.0M $19.00M
YoY Change 5211.76% 584.21% -94.41%
Cash & Equivalents $903.0M $130.0M $19.00M
Short-Term Investments
Other Short-Term Assets $646.0M $242.0M $75.00M
YoY Change 262.92% 222.67% 1.35%
Inventory
Prepaid Expenses
Receivables $422.0M $864.0M $1.383B
Other Receivables $249.0M $275.0M $304.0M
Total Short-Term Assets $2.220B $2.629B $1.487B
YoY Change 10.45% 76.8% 44.37%
LONG-TERM ASSETS
Property, Plant & Equipment $10.65B $10.52B $11.72B
YoY Change -9.59% -10.19% 106.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.556B $344.0M $78.00M
YoY Change 1573.12% 341.03% -31.58%
Total Long-Term Assets $12.21B $11.96B $11.81B
YoY Change 2.69% 1.32% 104.11%
TOTAL ASSETS
Total Short-Term Assets $2.220B $2.629B $1.487B
Total Long-Term Assets $12.21B $11.96B $11.81B
Total Assets $14.43B $14.59B $13.29B
YoY Change 3.81% 9.76% 95.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $642.0M $631.0M $374.0M
YoY Change 55.07% 68.72% -9.88%
Accrued Expenses $555.0M $250.0M $196.0M
YoY Change 107.09% 27.55% 176.06%
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 $1.651B $1.898B $4.392B
YoY Change -61.07% -56.79% 177.62%
LONG-TERM LIABILITIES
Long-Term Debt $2.036B $2.040B $2.774B
YoY Change -33.16% -26.46% 119.81%
Other Long-Term Liabilities $346.0M $49.00M $17.00M
YoY Change 1547.62% 188.24% 240.0%
Total Long-Term Liabilities $2.382B $2.089B $2.791B
YoY Change -22.33% -25.15% 120.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.651B $1.898B $4.392B
Total Long-Term Liabilities $2.382B $2.089B $2.791B
Total Liabilities $4.033B $4.308B $7.910B
YoY Change -50.15% -45.54% 145.04%
SHAREHOLDERS EQUITY
Retained Earnings $4.669B $4.553B -$233.0M
YoY Change 2383.51% -2054.08%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.40B $10.28B $5.383B
YoY Change
Total Liabilities & Shareholders Equity $14.43B $14.59B $13.29B
YoY Change 3.81% 9.76% 95.08%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $391.0M $1.389B -$764.0M
YoY Change -68.39% -281.81% -358.98%
Depreciation, Depletion And Amortization $376.0M $390.0M $409.0M
YoY Change -16.63% -4.65% 468.06%
Cash From Operating Activities $515.0M $889.0M $853.0M
YoY Change -43.34% 4.22% -4161.9%
INVESTING ACTIVITIES
Capital Expenditures $530.0M $497.0M $344.0M
YoY Change -227.71% 44.48% 421.21%
Acquisitions $0.00 $2.006B
YoY Change -100.0%
Other Investing Activities $983.0M $892.0M -$1.603B
YoY Change -155.65% -40175.0%
Cash From Investing Activities $453.0M $395.0M -$1.947B
YoY Change -209.16% -120.29% 2850.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $83.00M
YoY Change -113.83%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -190.0M -$1.279B $208.0M
YoY Change -61.69% -714.9% -415.15%
NET CHANGE
Cash From Operating Activities 515.0M $889.0M $853.0M
Cash From Investing Activities 453.0M $395.0M -$1.947B
Cash From Financing Activities -190.0M -$1.279B $208.0M
Net Change In Cash 778.0M $5.000M -$886.0M
YoY Change -39000.0% -100.56% 479.08%
FREE CASH FLOW
Cash From Operating Activities $515.0M $889.0M $853.0M
Capital Expenditures $530.0M $497.0M $344.0M
Free Cash Flow -$15.00M $392.0M $509.0M
YoY Change -101.13% -22.99% -685.06%

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Files In Submission

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