2011 Q4 Form 10-K Financial Statement
#000119312512089591 Filed on February 29, 2012
Income Statement
| Concept | 2011 Q4 | 2011 Q3 | 2011 Q2 |
|---|---|---|---|
| Revenue | $2.728B | $3.977B | $3.318B |
| YoY Change | 38.13% | 54.09% | 64.91% |
| Cost Of Revenue | $457.0M | $450.0M | $399.0M |
| YoY Change | 36.83% | 41.96% | 31.68% |
| Gross Profit | $737.0M | $1.483B | $985.0M |
| YoY Change | 124.01% | 81.52% | 120.36% |
| Gross Profit Margin | 27.02% | 37.29% | 29.69% |
| Selling, General & Admin | $1.361B | $1.543B | $1.496B |
| YoY Change | 31.24% | 58.26% | 72.15% |
| % of Gross Profit | 184.67% | 104.05% | 151.88% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $570.0M | $498.0M | $429.0M |
| YoY Change | 32.56% | 14.75% | 9.44% |
| % of Gross Profit | 77.34% | 33.58% | 43.55% |
| Operating Expenses | $1.931B | $2.041B | $1.925B |
| YoY Change | 31.72% | 44.85% | 52.54% |
| Operating Profit | -$1.194B | $1.483B | $985.0M |
| YoY Change | 5.01% | -350.51% | -220.86% |
| Interest Expense | $48.00M | $4.000M | $25.00M |
| YoY Change | 60.0% | -97.28% | -41.86% |
| % of Operating Profit | 0.27% | 2.54% | |
| Other Income/Expense, Net | $15.00M | $28.00M | -$150.0M |
| YoY Change | 200.0% | 75.0% | 2042.86% |
| Pretax Income | $800.0M | $1.511B | $835.0M |
| YoY Change | 120.39% | 66.59% | 101.69% |
| Income Tax | $313.0M | $589.0M | $325.0M |
| % Of Pretax Income | 39.13% | 38.98% | 38.92% |
| Net Earnings | $472.0M | $922.0M | $510.0M |
| YoY Change | 111.66% | 65.23% | 100.0% |
| Net Earnings / Revenue | 17.3% | 23.18% | 15.37% |
| Basic Earnings Per Share | $1.38 | $0.74 | |
| Diluted Earnings Per Share | $124.2M | $1.23 | $0.68 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 638.0M shares | 635.0M shares | |
| Diluted Shares Outstanding | 753.0M shares | 751.0M shares |
Balance Sheet
| Concept | 2011 Q4 | 2011 Q3 | 2011 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $351.0M | $111.0M | $109.0M |
| YoY Change | 244.12% | -81.77% | -81.86% |
| Cash & Equivalents | $351.0M | $111.0M | $109.0M |
| Short-Term Investments | |||
| Other Short-Term Assets | $125.0M | $622.0M | $309.0M |
| YoY Change | -89.5% | -48.6% | -70.79% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $2.505B | $2.737B | $2.708B |
| Other Receivables | $1.435B | $0.00 | $0.00 |
| Total Short-Term Assets | $3.177B | $3.470B | $3.126B |
| YoY Change | -2.73% | 6.02% | 3.58% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $36.76B | $35.14B | $32.05B |
| YoY Change | 13.53% | 19.19% | 15.17% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $0.00 | $1.166B | $1.105B |
| YoY Change | -100.0% | -1.93% | 5.54% |
| Other Assets | $367.0M | $348.0M | $373.0M |
| YoY Change | 12.23% | -11.0% | 36.13% |
| Total Long-Term Assets | $38.66B | $36.65B | $33.53B |
| YoY Change | 13.99% | 18.0% | 15.02% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $3.177B | $3.470B | $3.126B |
| Total Long-Term Assets | $38.66B | $36.65B | $33.53B |
| Total Assets | $41.84B | $40.12B | $36.66B |
| YoY Change | 12.52% | 16.86% | 13.95% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $3.311B | $2.844B | $2.600B |
| YoY Change | 60.03% | 60.41% | 66.24% |
| Accrued Expenses | $954.0M | $3.215B | $2.995B |
| YoY Change | -60.35% | 148.65% | 158.64% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $0.00 | ||
| YoY Change | |||
| Total Short-Term Liabilities | $7.082B | $6.195B | $5.728B |
| YoY Change | 57.73% | 50.25% | 56.72% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $10.63B | $11.79B | $10.05B |
| YoY Change | -15.93% | 3.01% | -4.32% |
| Other Long-Term Liabilities | $818.0M | $2.316B | $2.916B |
| YoY Change | -65.93% | 40.11% | 76.51% |
| Total Long-Term Liabilities | $16.79B | $14.11B | $12.96B |
| YoY Change | 11.64% | 7.69% | 6.67% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $7.082B | $6.195B | $5.728B |
| Total Long-Term Liabilities | $16.79B | $14.11B | $12.96B |
| Total Liabilities | $23.87B | $23.82B | $21.17B |
| YoY Change | 8.94% | 24.99% | 22.01% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $1.608B | ||
| YoY Change | |||
| Common Stock | $7.000M | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $33.00M | ||
| YoY Change | |||
| Treasury Stock Shares | 1.553M shares | ||
| Shareholders Equity | $16.62B | $16.30B | $15.48B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $41.84B | $40.12B | $36.66B |
| YoY Change | 12.52% | 16.86% | 13.95% |
Cashflow Statement
| Concept | 2011 Q4 | 2011 Q3 | 2011 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $472.0M | $922.0M | $510.0M |
| YoY Change | 111.66% | 65.23% | 100.0% |
| Depreciation, Depletion And Amortization | $570.0M | $498.0M | $429.0M |
| YoY Change | 32.56% | 14.75% | 9.44% |
| Cash From Operating Activities | $2.179B | $1.631B | $1.375B |
| YoY Change | 90.14% | 64.25% | -23.4% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$3.916B | -$3.747B | -$3.406B |
| YoY Change | -15.05% | 23.34% | -3.68% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $1.819B | $272.0M | $940.0M |
| YoY Change | 2.65% | -75.38% | 14.91% |
| Cash From Investing Activities | -$2.097B | -$3.475B | -$2.466B |
| YoY Change | -26.11% | 79.77% | -9.27% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 158.0M | 1.846B | 351.0M |
| YoY Change | -86.67% | 94.73% | -65.18% |
| NET CHANGE | |||
| Cash From Operating Activities | 2.179B | 1.631B | 1.375B |
| Cash From Investing Activities | -2.097B | -3.475B | -2.466B |
| Cash From Financing Activities | 158.0M | 1.846B | 351.0M |
| Net Change In Cash | 240.0M | 2.000M | -740.0M |
| YoY Change | -147.34% | -75.0% | -970.59% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $2.179B | $1.631B | $1.375B |
| Capital Expenditures | -$3.916B | -$3.747B | -$3.406B |
| Free Cash Flow | $6.095B | $5.378B | $4.781B |
| YoY Change | 5.89% | 33.42% | -10.32% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
637000000 | |
| CY2011Q4 | chk |
Conveyance Obligation Noncurrent
ConveyanceObligationNoncurrent
|
290000000 | |
| CY2011 | chk |
Drilling Carries Remaining
DrillingCarriesRemaining
|
2359000000 | |
| CY2010Q4 | chk |
Financing Lease Obligations Noncurrent
FinancingLeaseObligationsNoncurrent
|
145000000 | |
| CY2011Q4 | chk |
Financing Lease Obligations Noncurrent
FinancingLeaseObligationsNoncurrent
|
143000000 | |
| CY2010Q4 | chk |
Mortgages Payable Noncurrent
MortgagesPayableNoncurrent
|
55000000 | |
| CY2011Q4 | chk |
Mortgages Payable Noncurrent
MortgagesPayableNoncurrent
|
55000000 | |
| CY2010Q4 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
30000000 | |
| CY2011Q4 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
45000000 | |
| CY2009Q4 | us-gaap |
Capitalized Costs Uncompleted Wells Equipment And Facilities
CapitalizedCostsUncompletedWellsEquipmentAndFacilities
|
813000000 | |
| CY2010Q4 | us-gaap |
Capitalized Costs Uncompleted Wells Equipment And Facilities
CapitalizedCostsUncompletedWellsEquipmentAndFacilities
|
872000000 | |
| CY2011Q4 | us-gaap |
Capitalized Costs Uncompleted Wells Equipment And Facilities
CapitalizedCostsUncompletedWellsEquipmentAndFacilities
|
2260000000 | |
| CY2009Q4 | us-gaap |
Capitalized Costs Wells And Related Equipment And Facilities
CapitalizedCostsWellsAndRelatedEquipmentAndFacilities
|
2729000000 | |
| CY2010Q4 | us-gaap |
Capitalized Costs Wells And Related Equipment And Facilities
CapitalizedCostsWellsAndRelatedEquipmentAndFacilities
|
4739000000 | |
| CY2011Q4 | us-gaap |
Capitalized Costs Wells And Related Equipment And Facilities
CapitalizedCostsWellsAndRelatedEquipmentAndFacilities
|
5495000000 | |
| CY2009 | us-gaap |
Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
|
2793000000 | |
| CY2010 | us-gaap |
Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
|
6953000000 | |
| CY2011 | us-gaap |
Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
|
4736000000 | |
| CY2011Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
3345000000 | |
| CY2009 | us-gaap |
Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Cash Inflows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureCashInflows
|
49322000000 | |
| CY2010 | us-gaap |
Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Cash Inflows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureCashInflows
|
69616000000 | |
| CY2011 | us-gaap |
Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Cash Inflows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureCashInflows
|
85537000000 | |
| CY2010Q1 | us-gaap |
Gross Profit
GrossProfit
|
1212000000 | |
| CY2010Q2 | us-gaap |
Gross Profit
GrossProfit
|
447000000 | |
| CY2010Q3 | us-gaap |
Gross Profit
GrossProfit
|
817000000 | |
| CY2010Q4 | us-gaap |
Gross Profit
GrossProfit
|
329000000 | |
| CY2011Q1 | us-gaap |
Gross Profit
GrossProfit
|
-284000000 | |
| CY2011Q2 | us-gaap |
Gross Profit
GrossProfit
|
985000000 | |
| CY2011Q3 | us-gaap |
Gross Profit
GrossProfit
|
1483000000 | |
| CY2011Q4 | us-gaap |
Gross Profit
GrossProfit
|
737000000 | |
| CY2009 | us-gaap |
Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
|
-3114000000 | |
| CY2010 | us-gaap |
Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
|
1233000000 | |
| CY2011 | us-gaap |
Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
|
1220000000 | |
| CY2009 | us-gaap |
Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
|
-2307000000 | |
| CY2010 | us-gaap |
Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
|
-3199000000 | |
| CY2011 | us-gaap |
Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
|
-3993000000 | |
| CY2009 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
8000000 | |
| CY2010 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
8000000 | |
| CY2011 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
15000000 | |
| CY2009Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
40000000 | |
| CY2010Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
31000000 | |
| CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
13000000 | |
| CY2008Q4 | us-gaap |
Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
|
11833000000 | |
| CY2009Q4 | us-gaap |
Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
|
8203000000 | |
| CY2010Q4 | us-gaap |
Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
|
13183000000 | |
| CY2011Q4 | us-gaap |
Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
|
15630000000 |
