$RRC
Range Resources Corp

2014 Q2 Form 10-Q Financial Statement

#000156459014002920 Filed on July 28, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2 2012 Q4
Revenue $483.5M $673.4M $458.0M
YoY Change -28.2% 49.99% 51.06%
Cost Of Revenue $80.60M $60.40M $45.10M
YoY Change 33.44% 33.33% 28.86%
Gross Profit $427.0M $391.9M $356.7M
YoY Change 8.96% 51.72% 17.88%
Gross Profit Margin 88.32% 58.2% 77.88%
Selling, General & Admin $144.2M $161.2M $87.50M
YoY Change -10.55% 64.32% 1.27%
% of Gross Profit 33.77% 41.13% 24.53%
Research & Development $13.60M $13.10M $18.00M
YoY Change 3.82% -15.48% -28.0%
% of Gross Profit 3.19% 3.34% 5.05%
Depreciation & Amortization $158.3M $120.0M $113.2M
YoY Change 31.92% 10.29% 16.61%
% of Gross Profit 37.07% 30.62% 31.74%
Operating Expenses $291.2M $294.2M $218.7M
YoY Change -1.02% 32.22% 4.89%
Operating Profit $135.8M $97.70M $138.0M
YoY Change 39.0% 172.91% 46.65%
Interest Expense $45.49M $45.07M $44.71M
YoY Change 0.93% 5.09% 28.81%
% of Operating Profit 33.5% 46.13% 32.4%
Other Income/Expense, Net
YoY Change
Pretax Income $289.4M $241.5M $82.90M
YoY Change 19.83% 154.99% -3288.46%
Income Tax $118.0M $97.49M $29.96M
% Of Pretax Income 40.77% 40.37% 36.14%
Net Earnings $171.4M $144.0M $52.96M
YoY Change 19.03% 158.61% -1871.9%
Net Earnings / Revenue 35.45% 21.38% 11.56%
Basic Earnings Per Share $1.04 $0.88 $0.33
Diluted Earnings Per Share $1.04 $0.88 $0.32
COMMON SHARES
Basic Shares Outstanding 161.9M 160.6M 162.6M shares
Diluted Shares Outstanding 162.8M 161.4M

Balance Sheet

Concept 2014 Q2 2013 Q2 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00 $58.03M
YoY Change 15.38%
Cash & Equivalents $292.0K $284.0K $252.0K
Short-Term Investments $57.78M
Other Short-Term Assets $45.00M $97.00M $138.0M
YoY Change -53.61% -61.35% -20.69%
Inventory $19.00M $16.13M $22.32M
Prepaid Expenses
Receivables $184.0M $160.0M $167.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $248.0M $273.4M $327.6M
YoY Change -9.31% -26.49% 3.92%
LONG-TERM ASSETS
Property, Plant & Equipment $7.434B $36.21M $41.57M
YoY Change 20431.94% -99.38% -21.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $132.1M $132.4M
YoY Change -100.0% -2.86% -4.11%
Other Assets $119.0M $124.2M $115.2M
YoY Change -4.15% -43.05% 10.51%
Total Long-Term Assets $7.553B $6.657B $6.401B
YoY Change 13.46% 7.85% 15.75%
TOTAL ASSETS
Total Short-Term Assets $248.0M $273.4M $327.6M
Total Long-Term Assets $7.553B $6.657B $6.401B
Total Assets $7.801B $6.930B $6.729B
YoY Change 12.57% 5.9% 15.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $291.0M $303.6M $234.7M
YoY Change -4.16% 14.14% -24.64%
Accrued Expenses $200.0M $133.1M $139.4M
YoY Change 50.3% -27.68% 27.74%
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 $559.0M $504.4M $455.1M
YoY Change 10.83% -6.77% -11.09%
LONG-TERM LIABILITIES
Long-Term Debt $2.830B $2.949B $2.878B
YoY Change -4.03% 12.38% 45.73%
Other Long-Term Liabilities $497.0M $356.0M $340.0M
YoY Change 39.61% 34.34% 32.81%
Total Long-Term Liabilities $2.830B $2.949B $2.878B
YoY Change -4.03% 2.07% 45.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $559.0M $504.4M $455.1M
Total Long-Term Liabilities $2.830B $2.949B $2.878B
Total Liabilities $4.780B $4.544B $4.371B
YoY Change 5.18% 10.11% 26.59%
SHAREHOLDERS EQUITY
Retained Earnings $416.3M $361.0M
YoY Change -3.47%
Common Stock $1.634M $1.626M
YoY Change 0.81%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.751M $4.760M
YoY Change -24.96%
Treasury Stock Shares $101.3K $127.8K
Shareholders Equity $3.020B $2.386B $2.357B
YoY Change
Total Liabilities & Shareholders Equity $7.801B $6.930B $6.729B
YoY Change 12.57% 5.9% 15.11%

Cashflow Statement

Concept 2014 Q2 2013 Q2 2012 Q4
OPERATING ACTIVITIES
Net Income $171.4M $144.0M $52.96M
YoY Change 19.03% 158.61% -1871.9%
Depreciation, Depletion And Amortization $158.3M $120.0M $113.2M
YoY Change 31.92% 10.29% 16.61%
Cash From Operating Activities $260.3M $78.70M $186.0M
YoY Change 230.75% -37.98% 1.47%
INVESTING ACTIVITIES
Capital Expenditures -$381.8M -$352.7M -$174.1M
YoY Change 8.25% -26.24% -10.44%
Acquisitions
YoY Change
Other Investing Activities $145.4M $265.6M -$44.80M
YoY Change -45.26% 11447.83% -78.73%
Cash From Investing Activities -$236.4M -$87.10M -$218.9M
YoY Change 171.41% -81.69% -45.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.90M 8.500M 33.00M
YoY Change -381.18% -96.24% -80.58%
NET CHANGE
Cash From Operating Activities 260.3M 78.70M 186.0M
Cash From Investing Activities -236.4M -87.10M -218.9M
Cash From Financing Activities -23.90M 8.500M 33.00M
Net Change In Cash 0.000 100.0K 100.0K
YoY Change -100.0% -100.08% -100.19%
FREE CASH FLOW
Cash From Operating Activities $260.3M $78.70M $186.0M
Capital Expenditures -$381.8M -$352.7M -$174.1M
Free Cash Flow $642.1M $431.4M $360.1M
YoY Change 48.84% -28.71% -4.66%

Facts In Submission

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us-gaap Nature Of Operations
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<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(1) SUMMARY OF ORGANIZATION AND NATURE OF BUSINESS </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Range Resources Corporation (&#8220;Range,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; or &#8220;our&#8221;) is a Fort Worth, Texas-based independent natural gas, natural gas liquids (&#8220;NGLs&#8221;) and oil company primarily engaged in the exploration, development and acquisition of natural gas and oil properties in the Appalachian and Southwestern regions of the United States. Our objective is to build stockholder value through consistent growth in reserves and production on a cost-efficient basis. Range is a Delaware corporation with our common stock listed and traded on the New York Stock Exchange under the symbol &#8220;RRC.&#8221; </p></div>
CY2013Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.404
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.402
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.424
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Undistributed Earnings
UndistributedEarnings
1124000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
67249000
us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
5000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
67254000
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
904000
CY2013Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
2600000
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
2700000
us-gaap Capitalized Exploratory Well Cost Charged To Expense
CapitalizedExploratoryWellCostChargedToExpense
CY2013 rrc Capitalized Exploratory Well Sold
CapitalizedExploratoryWellSold
5388000
CY2014Q2 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
51436000
CY2014Q2 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
44472000
CY2014Q2 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
6964000
CY2014Q2 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
1
CY2014Q2 rrc Number Of Wells Waiting On Pipeline
NumberOfWellsWaitingOnPipeline
1
CY2014Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2013Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2014Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2830000000
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3140516000
CY2014Q2 us-gaap Debt Instrument Interest Rate At Period End
DebtInstrumentInterestRateAtPeriodEnd
0.019
CY2013Q4 us-gaap Debt Instrument Interest Rate At Period End
DebtInstrumentInterestRateAtPeriodEnd
0.019
CY2014Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
1750000000
CY2014Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
2000000000
CY2014Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
1750000000
CY2014Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
2000000000
CY2014Q2 rrc Percentage Holding Of Commercial Banks Maximum
PercentageHoldingOfCommercialBanksMaximum
0.09
CY2014Q2 rrc Number Of Commercial Banks Included In Current Bank Group
NumberOfCommercialBanksIncludedInCurrentBankGroup
28
rrc Notice Period For Increase In Facility Amount
NoticePeriodForIncreaseInFacilityAmount
P20D
CY2014Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
131000000
CY2014Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
1100000000
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2016-02-18
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.021
CY2013Q2 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.022
us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.00375
rrc Parent Ownership Of Subsidiaries
ParentOwnershipOfSubsidiaries
1.00
us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
Our bank credit facility contains negative covenants that limit our ability, among other things, to pay cash dividends, incur additional indebtedness, sell assets, enter into certain hedging contracts, change the nature of our business or operations, merge, consolidate, or make certain investments. In addition, we are required to maintain a ratio of debt to EBITDAX (as defined in the credit agreement) of no greater than 4.25 to 1.0 and a current ratio (as defined in the credit agreement) of no less than 1.0 to 1.0. We were in compliance with our covenants under the bank credit facility at June 30, 2014. The indentures governing our senior subordinated notes contain various restrictive covenants that are substantially identical to each other and may limit our ability to, among other things, pay cash dividends, incur additional indebtedness, sell assets, enter into transactions with affiliates, or change the nature of our business. At June 30, 2014, we are in compliance with these covenants.
CY2013Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
230077000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
3854000
rrc Asset Retirement Obligation Acquisitions
AssetRetirementObligationAcquisitions
11927000
rrc Asset Retirement Obligation Disposition Of Wells
AssetRetirementObligationDispositionOfWells
12057000
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
2142000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
1777000
CY2014Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
240806000
CY2014Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
235769000
CY2014Q2 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
485000000
CY2013Q4 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
485000000
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
162514098
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
4560000
rrc Stock Issued During Period Shares Issued Resulting From Stock Options Exercised
StockIssuedDuringPeriodSharesIssuedResultingFromStockOptionsExercised
188305
CY2013 rrc Stock Issued During Period Shares Issued Resulting From Stock Options Exercised
StockIssuedDuringPeriodSharesIssuedResultingFromStockOptionsExercised
278916
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
266453
CY2013 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
401122
rrc Stock Issued During Period Shares Restricted Stock Units Vested
StockIssuedDuringPeriodSharesRestrictedStockUnitsVested
237620
CY2013 rrc Stock Issued During Period Shares Restricted Stock Units Vested
StockIssuedDuringPeriodSharesRestrictedStockUnitsVested
119480
us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
15336
CY2013 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
29278
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
168610608
us-gaap Derivative Instruments Gain Recognized In Other Comprehensive Income Effective Portion
DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion
3100000
rrc Gain On Derivative Instruments Net Of Tax
GainOnDerivativeInstrumentsNetOfTax
1900000
CY2014Q2 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
0
us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
0
us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
-2891000
us-gaap Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
3200000
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
3100000
CY2014Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
31102000
CY2014Q2 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
20879000
CY2014Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
10223000
CY2014Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
90945000
CY2014Q2 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
20879000
CY2014Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
70066000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
33360000
CY2013Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
19706000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
13654000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
45929000
CY2013Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
19706000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
26223000
CY2014Q2 rrc Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax Effect
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTaxEffect
1866000
CY2013Q2 rrc Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax Effect
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTaxEffect
12252000
rrc Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax Effect
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTaxEffect
2791000
rrc Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax Effect
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTaxEffect
27376000
CY2014Q2 rrc Cash Flow Hedge Gains Reclassified To Revenue
CashFlowHedgeGainsReclassifiedToRevenue
3046000
CY2013Q2 rrc Cash Flow Hedge Gains Reclassified To Revenue
CashFlowHedgeGainsReclassifiedToRevenue
19163000
rrc Cash Flow Hedge Gains Reclassified To Revenue
CashFlowHedgeGainsReclassifiedToRevenue
4286000
rrc Cash Flow Hedge Gains Reclassified To Revenue
CashFlowHedgeGainsReclassifiedToRevenue
42818000
CY2014Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-24109000
CY2013Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
137760000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-170959000
CY2014Q2 us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
103000
us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
171000
CY2014Q2 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
2100000
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
2600000
CY2013Q2 us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
629000
us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
668000
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
586000
CY2013Q2 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-1000000
CY2014Q2 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
25000000
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
25000000
CY2014Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2700000
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2500000
rrc Number Of Financial Institutions Included In Counterparties
NumberOfFinancialInstitutionsIncludedInCounterparties
15
rrc Number Of Counter Parties Not Included In Bank Credit Facility
NumberOfCounterPartiesNotIncludedInBankCreditFacility
2
CY2014Q2 us-gaap Credit Risk Derivative Liabilities At Fair Value
CreditRiskDerivativeLiabilitiesAtFairValue
2300000
CY2014Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24985000
CY2013Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15449000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
39122000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27735000
rrc Number Of Active Stock Based Plans
NumberOfActiveStockBasedPlans
2
CY2013Q4 rrc Shares Held In Rabbi Trust
SharesHeldInRabbiTrust
2800000
CY2014Q2 rrc Shares Held In Rabbi Trust
SharesHeldInRabbiTrust
2900000
CY2013Q4 rrc Vested Shares Held In Rabbi Trust
VestedSharesHeldInRabbiTrust
2400000
CY2014Q2 rrc Vested Shares Held In Rabbi Trust
VestedSharesHeldInRabbiTrust
2400000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
39000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-119000
us-gaap Interest Paid Net
InterestPaidNet
89381000
us-gaap Interest Paid Net
InterestPaidNet
74940000
rrc Increase Decrease In Asset Retirement Costs Capitalized
IncreaseDecreaseInAssetRetirementCostsCapitalized
5516000
rrc Increase Decrease In Asset Retirement Costs Capitalized
IncreaseDecreaseInAssetRetirementCostsCapitalized
-2385000
rrc Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
15211000
rrc Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
74428000
rrc Transportation Commitments Future Minimum Transportation Fees Due During Period
TransportationCommitmentsFutureMinimumTransportationFeesDueDuringPeriod
775000000
rrc Number Of Terms Transportation Commitments Future Minimum Transportation Fees Due During Period
NumberOfTermsTransportationCommitmentsFutureMinimumTransportationFeesDueDuringPeriod
P25Y
CY2014Q2 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
8843288000
CY2013Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
8225859000
CY2014Q2 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
888722000
CY2013Q4 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
807022000
CY2014Q2 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
9732010000
CY2013Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
9032881000
CY2014Q2 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
2336666000
CY2013Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
2274444000
CY2014Q2 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
7395344000
CY2013Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
6758437000
rrc Costs Incurred Acquisitions
CostsIncurredAcquisitions
407255000
us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
107379000
CY2013 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
137538000
us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
512703000
CY2013 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
938668000
rrc Cost Incurred Transportation And Field Equipment Costs
CostIncurredTransportationAndFieldEquipmentCosts
7371000
CY2013 rrc Cost Incurred Transportation And Field Equipment Costs
CostIncurredTransportationAndFieldEquipmentCosts
47086000
rrc Cost Incurred Of Oil And Gas Properties
CostIncurredOfOilAndGasProperties
1100436000
CY2013 rrc Cost Incurred Of Oil And Gas Properties
CostIncurredOfOilAndGasProperties
1377443000
us-gaap Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
5516000
CY2013 us-gaap Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
76373000
us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
1105952000
CY2013 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
1453816000

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