2020 Q4 Form 10-Q Financial Statement

#000165856620000149 Filed on November 03, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q4
Revenue $148.1M $149.1M $256.4M
YoY Change -42.24% -34.93% 15.24%
Cost Of Revenue $35.60M $32.40M $56.60M
YoY Change -37.1% -40.55% 49.34%
Gross Profit $112.5M $116.7M $199.8M
YoY Change -43.69% -33.16% 8.23%
Gross Profit Margin 75.96% 78.27% 77.93%
Selling, General & Admin $18.60M $17.80M $23.20M
YoY Change -19.83% -14.42% 21.47%
% of Gross Profit 16.53% 15.25% 11.61%
Research & Development $7.400M $2.400M $1.500M
YoY Change 393.33% 14.29% 7.14%
% of Gross Profit 6.58% 2.06% 0.75%
Depreciation & Amortization $74.90M $89.40M $122.8M
YoY Change -39.01% -20.67% 20.27%
% of Gross Profit 66.58% 76.61% 61.46%
Operating Expenses $118.8M $181.1M $168.3M
YoY Change -29.41% -16.83% 24.57%
Operating Profit -$6.300M -$31.87M $31.50M
YoY Change -120.0% -380.96% -36.36%
Interest Expense -$41.90M $17.72M -$15.50M
YoY Change 170.32% 16.21% 96.2%
% of Operating Profit -49.21%
Other Income/Expense, Net $100.0K -$19.66M $0.00
YoY Change 43.92%
Pretax Income -$88.70M -$51.53M $10.40M
YoY Change -952.88% 2121.08% -74.94%
Income Tax $0.00 $0.00 $700.0K
% Of Pretax Income 6.73%
Net Earnings -$88.70M -$51.53M $9.600M
YoY Change -1023.96% 1287.8% -69.03%
Net Earnings / Revenue -59.89% -34.56% 3.74%
Basic Earnings Per Share -$0.19
Diluted Earnings Per Share -$318.6K -$0.19 $30.82K
COMMON SHARES
Basic Shares Outstanding 278.3M shares 278.0M shares
Diluted Shares Outstanding 278.0M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.800M $5.200M $10.20M
YoY Change -43.14% -52.29% -43.96%
Cash & Equivalents $5.800M $5.177M $10.22M
Short-Term Investments
Other Short-Term Assets $5.200M $8.000M $8.000M
YoY Change -35.0% -10.11% -29.82%
Inventory
Prepaid Expenses
Receivables $41.67M $38.81M $76.58M
Other Receivables $200.0K $200.0K $200.0K
Total Short-Term Assets $65.59M $64.51M $120.1M
YoY Change -45.4% -59.98% -7.73%
LONG-TERM ASSETS
Property, Plant & Equipment $12.65M $13.32M $14.61M
YoY Change -13.43% -10.0% 65.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $19.17M $42.75M $40.37M
YoY Change -52.52% -0.45% -5.14%
Total Long-Term Assets $3.762B $3.859B $4.568B
YoY Change -17.65% -13.97% 10.61%
TOTAL ASSETS
Total Short-Term Assets $65.59M $64.51M $120.1M
Total Long-Term Assets $3.762B $3.859B $4.568B
Total Assets $3.827B $3.923B $4.688B
YoY Change -18.36% -15.56% 10.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.052M $10.27M $21.48M
YoY Change -76.48% -69.3% -61.62%
Accrued Expenses $62.90M $57.00M $149.5M
YoY Change -57.93% -65.12% 23.35%
Deferred Revenue $42.12M $42.91M $82.54M
YoY Change -48.98% -49.68% 30.19%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $131.9M $120.7M $254.5M
YoY Change -48.18% -58.01% 2.72%
LONG-TERM LIABILITIES
Long-Term Debt $1.069B $1.092B $1.057B
YoY Change 1.06% 9.01% 52.89%
Other Long-Term Liabilities $2.952M $456.0K $0.00
YoY Change -100.0%
Total Long-Term Liabilities $2.952M $456.0K $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $131.9M $120.7M $254.5M
Total Long-Term Liabilities $2.952M $456.0K $0.00
Total Liabilities $1.223B $1.235B $1.418B
YoY Change -13.69% -11.28% 39.51%
SHAREHOLDERS EQUITY
Retained Earnings -$400.5M -$311.8M $282.3M
YoY Change -241.85% -214.35% 5.93%
Common Stock $29.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.604B $2.688B $3.258B
YoY Change
Total Liabilities & Shareholders Equity $3.827B $3.923B $4.688B
YoY Change -18.36% -15.56% 10.05%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q4
OPERATING ACTIVITIES
Net Income -$88.70M -$51.53M $9.600M
YoY Change -1023.96% 1287.8% -69.03%
Depreciation, Depletion And Amortization $74.90M $89.40M $122.8M
YoY Change -39.01% -20.67% 20.27%
Cash From Operating Activities $41.20M $45.70M $179.3M
YoY Change -77.02% -56.35% 2.28%
INVESTING ACTIVITIES
Capital Expenditures -$17.80M -$29.50M -$210.8M
YoY Change -91.56% -86.02% -23.84%
Acquisitions
YoY Change
Other Investing Activities -$500.0K -$1.400M -$24.00M
YoY Change -97.92% -95.12% -75.23%
Cash From Investing Activities -$18.30M -$30.90M -$234.9M
YoY Change -92.21% -87.1% -37.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.10M -16.80M 54.80M
YoY Change -145.8% -114.06% -65.47%
NET CHANGE
Cash From Operating Activities 41.20M 45.70M 179.3M
Cash From Investing Activities -18.30M -30.90M -234.9M
Cash From Financing Activities -25.10M -16.80M 54.80M
Net Change In Cash -2.200M -2.000M -800.0K
YoY Change 175.0% -87.01% -97.98%
FREE CASH FLOW
Cash From Operating Activities $41.20M $45.70M $179.3M
Capital Expenditures -$17.80M -$29.50M -$210.8M
Free Cash Flow $59.00M $75.20M $390.1M
YoY Change -84.88% -76.18% -13.71%

Facts In Submission

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6180000 USD
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
us-gaap Profit Loss
ProfitLoss
-596544000 USD
us-gaap Profit Loss
ProfitLoss
6752000 USD
cdev Depreciation Depletion Amortization And Asset Retirement Obligation Accretion Expense
DepreciationDepletionAmortizationAndAssetRetirementObligationAccretionExpense
283722000 USD
cdev Depreciation Depletion Amortization And Asset Retirement Obligation Accretion Expense
DepreciationDepletionAmortizationAndAssetRetirementObligationAccretionExpense
321392000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
16164000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
21351000 USD
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
650629000 USD
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
42427000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-85124000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
5058000 USD
us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
388000 USD
us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
-15000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1103000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-14000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4112000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2070000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
143443000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-48139000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
47771000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2825000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
995000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-43107000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
34562000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
130232000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
384875000 USD
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
7689000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1035000 USD
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
73346000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
300660000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
644945000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
8207000 USD
us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
1375000 USD
us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
28378000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-308009000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-698120000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
490000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
345000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
310000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
525000000 USD
CY2020Q3 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
496175000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6650000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7200000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
598000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
911000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
172752000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
308064000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5025000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5181000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15543000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21422000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10518000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16241000 USD
us-gaap Interest Paid Net
InterestPaidNet
48331000 USD
us-gaap Interest Paid Net
InterestPaidNet
27985000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
5510000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
16808000 USD
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
2019000 USD
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
13946000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
13593000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
120238000 USD
us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
579000 USD
us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
1075000 USD
cdev Rightof Use Asset Obtained In Derecognized From Exchange For Operating Lease Liability
RightofUseAssetObtainedInDerecognizedFromExchangeForOperatingLeaseLiability
-3711000 USD
cdev Rightof Use Asset Obtained In Derecognized From Exchange For Operating Lease Liability
RightofUseAssetObtainedInDerecognizedFromExchangeForOperatingLeaseLiability
35686000 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
106030000 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5177000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10933000 USD
CY2020Q3 us-gaap Restricted Cash
RestrictedCash
5341000 USD
CY2019Q3 us-gaap Restricted Cash
RestrictedCash
5308000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10518000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16241000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3270701000 USD
CY2020Q1 us-gaap Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
0 USD
CY2020Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
208000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
230000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6409000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-550345000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2726787000 USD
CY2020Q2 us-gaap Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
0 USD
CY2020Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
93000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4727000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
5330000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2734543000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2020Q3 us-gaap Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
0 USD
CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
297000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
78000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5028000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-51529000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2687823000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3243869000 USD
CY2019Q1 us-gaap Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
0 USD
CY2019Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
291000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6483000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-8537000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3241524000 USD
CY2019Q2 us-gaap Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
0 USD
CY2019Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
41000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6758000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
19002000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3267243000 USD
CY2019Q3 us-gaap Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
0 USD
CY2019Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
579000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8110000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
-3713000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3253814000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of the Company’s consolidated financial statements requires the Company’s management to make various assumptions, judgments and estimates to determine the reported amounts of assets, liabilities, revenues and expenses, and the disclosures of commitments and contingencies. Changes in these assumptions, judgments and estimates will occur as a result of the passage of time and the occurrence of future events, and accordingly, actual results could differ from amounts previously established.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The more significant areas requiring the use of assumptions, judgments and estimates include: (i) oil and natural gas reserves; (ii) cash flow estimates used in impairment tests for long-lived assets; (iii) impairment expense of unproved properties; (iv) depreciation, depletion and amortization; (v) asset retirement obligations; (vi) determining fair value and allocating purchase price in connection with business combinations and asset acquisitions; (vii) accrued revenues and related receivables; (viii) accrued liabilities; (ix) derivative valuations; and (x) deferred income taxes.</span></div>
CY2020Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
58000000.0 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2020Q3 us-gaap Escrow Deposit
EscrowDeposit
10000000.0 USD
CY2020Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
38812000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
76578000 USD
CY2020Q3 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
12428000 USD
CY2019Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
25136000 USD
CY2020Q3 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
112000 USD
CY2019Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
198000 USD
CY2020Q3 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
51352000 USD
CY2019Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
101912000 USD
CY2020Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
10270000 USD
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
21484000 USD
CY2020Q3 cdev Accrued Capital Expenditures
AccruedCapitalExpenditures
9793000 USD
CY2019Q4 cdev Accrued Capital Expenditures
AccruedCapitalExpenditures
83002000 USD
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
42907000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
82539000 USD
CY2020Q3 us-gaap Interest Payable Current
InterestPayableCurrent
20210000 USD
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
19405000 USD
CY2020Q3 us-gaap Hedging Liabilities Current
HedgingLiabilitiesCurrent
9597000 USD
CY2019Q4 us-gaap Hedging Liabilities Current
HedgingLiabilitiesCurrent
0 USD
CY2020Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
8860000 USD
CY2019Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
12979000 USD
CY2020Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
14740000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
24900000 USD
CY2020Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
116377000 USD
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
244309000 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
1092241000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
1057389000 USD
CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
143400000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
16874000 USD
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
630000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
306000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
831000 USD
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-96000 USD
CY2020Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
18125000 USD
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
2600000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5515000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8110000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16651000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21351000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4764167 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.99
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
124000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.13
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
366 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.25
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
129757 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
13.15
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
2325391 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
16.37
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2432653 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.07
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y7M6D
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
22000 USD
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1955295 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
15.78
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y2M12D
CY2020Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
CY2020Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-1968000 USD
CY2019Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1522000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-40330000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-2221000 USD
CY2020Q2 cdev Fair Value Measurement Input Credit Spread
FairValueMeasurementInputCreditSpread
0.12
CY2020Q2 cdev Fair Value Measurement Input Yield Volatility
FairValueMeasurementInputYieldVolatility
0.45
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-51529000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3585000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-594182000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6180000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
278017000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
266205000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
277038000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
265025000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
60000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
278017000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
266205000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
277038000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
265085000 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
149101000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
229130000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
432379000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
687938000 USD
CY2020Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
38800000 USD
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
76600000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0496
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y3M7D
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1258000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
9361000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
7529000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
30754000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
53000 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1819000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
5074000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
3323000 USD
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5823000 USD
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
18679000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
37650000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
47587000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
7134000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
29859000 USD
us-gaap Lease Cost
LeaseCost
50253000 USD
us-gaap Lease Cost
LeaseCost
81664000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1068000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3178000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
425000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4671000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
159000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
4512000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3400000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1100000 USD

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