$RRC
RANGE RESOURCES CORP

2014 Q3 Form 10-Q Financial Statement

#000156459014004644 Filed on October 29, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $616.4M $442.0M
YoY Change 39.46% 47.45%
Cost Of Revenue $76.60M $93.50M
YoY Change -18.07% 115.94%
Gross Profit $397.8M $382.9M
YoY Change 3.89% 29.27%
Gross Profit Margin 64.53% 86.62%
Selling, General & Admin $93.50M $103.7M
YoY Change -9.84% -10.68%
% of Gross Profit 23.5% 27.08%
Research & Development $11.40M $20.50M
YoY Change -44.39% 38.51%
% of Gross Profit 2.87% 5.35%
Depreciation & Amortization $142.5M $130.3M
YoY Change 9.33% 5.92%
% of Gross Profit 35.82% 34.04%
Operating Expenses $247.5M $254.5M
YoY Change -2.75% 0.2%
Operating Profit $150.3M $128.4M
YoY Change 17.06% 204.27%
Interest Expense $39.19M $44.32M
YoY Change -11.58% 0.74%
% of Operating Profit 26.07% 34.52%
Other Income/Expense, Net
YoY Change
Pretax Income $239.9M $31.04M
YoY Change 672.9% -137.45%
Income Tax $93.52M $11.87M
% Of Pretax Income 38.98% 38.22%
Net Earnings $146.4M $19.18M
YoY Change 663.47% -135.62%
Net Earnings / Revenue 23.75% 4.34%
Basic Earnings Per Share $0.87 $0.12
Diluted Earnings Per Share $0.86 $0.12
COMMON SHARES
Basic Shares Outstanding 163.4M
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00
YoY Change
Cash & Equivalents $468.0K $255.0K
Short-Term Investments
Other Short-Term Assets $47.00M $58.00M
YoY Change -18.97% -56.06%
Inventory $17.00M $13.00M
Prepaid Expenses
Receivables $172.0M $151.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $237.0M $223.0M
YoY Change 6.28% -17.57%
LONG-TERM ASSETS
Property, Plant & Equipment $7.669B $6.542B
YoY Change 17.23% 14693.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $127.0M
YoY Change -100.0% -6.53%
Other Assets $129.0M $138.0M
YoY Change -6.52% 7.56%
Total Long-Term Assets $7.797B $6.808B
YoY Change 14.53% 6.59%
TOTAL ASSETS
Total Short-Term Assets $237.0M $223.0M
Total Long-Term Assets $7.797B $6.808B
Total Assets $8.034B $7.031B
YoY Change 14.27% 5.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $267.0M $252.0M
YoY Change 5.95% -20.88%
Accrued Expenses $195.0M $192.0M
YoY Change 1.56% 43.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $466.0M $454.0M
YoY Change 2.64% -16.81%
LONG-TERM LIABILITIES
Long-Term Debt $2.999B $3.067B
YoY Change -2.22% 7.62%
Other Long-Term Liabilities $451.0M $359.0M
YoY Change 25.63% 11.15%
Total Long-Term Liabilities $3.450B $3.067B
YoY Change 12.48% 7.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $466.0M $454.0M
Total Long-Term Liabilities $3.450B $3.067B
Total Liabilities $4.866B $4.640B
YoY Change 4.88% 6.03%
SHAREHOLDERS EQUITY
Retained Earnings $428.9M
YoY Change 36.38%
Common Stock $1.634M
YoY Change 0.49%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.751M
YoY Change -23.12%
Treasury Stock Shares $82.95K $101.3K
Shareholders Equity $3.169B $2.391B
YoY Change
Total Liabilities & Shareholders Equity $8.034B $7.031B
YoY Change 14.28% 5.6%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $146.4M $19.18M
YoY Change 663.47% -135.62%
Depreciation, Depletion And Amortization $142.5M $130.3M
YoY Change 9.33% 5.92%
Cash From Operating Activities $213.4M $223.0M
YoY Change -4.3% 25.14%
INVESTING ACTIVITIES
Capital Expenditures -$360.4M -$360.1M
YoY Change 0.08% -9.59%
Acquisitions
YoY Change
Other Investing Activities $1.100M $17.10M
YoY Change -93.57% 106.02%
Cash From Investing Activities -$359.3M -$343.0M
YoY Change 4.75% -12.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 146.1M 120.1M
YoY Change 21.65% -43.3%
NET CHANGE
Cash From Operating Activities 213.4M 223.0M
Cash From Investing Activities -359.3M -343.0M
Cash From Financing Activities 146.1M 120.1M
Net Change In Cash 200.0K 100.0K
YoY Change 100.0%
FREE CASH FLOW
Cash From Operating Activities $213.4M $223.0M
Capital Expenditures -$360.4M -$360.1M
Free Cash Flow $573.8M $583.1M
YoY Change -1.59% 1.14%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-222000
CY2014Q3 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
-948904000
CY2014Q3 us-gaap Oil And Gas Reclamation Liability Noncurrent
OilAndGasReclamationLiabilityNoncurrent
253940000
CY2014Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2389491000
CY2013Q3 rrc Non Cash Mark To Market Income Loss Related To Deferred Compensation Plan
NonCashMarkToMarketIncomeLossRelatedToDeferredCompensationPlan
-2225000
CY2014Q3 rrc Non Cash Mark To Market Income Loss Related To Deferred Compensation Plan
NonCashMarkToMarketIncomeLossRelatedToDeferredCompensationPlan
-46198000
CY2014Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
82954
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8034450000
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
3168917000
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2014Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2704000
CY2014Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2014Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2014Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
168700022
CY2014Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
475000000
CY2014Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2014Q3 us-gaap Interest Expense
InterestExpense
39188000
us-gaap Net Income Loss
NetIncomeLoss
350328000
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
230450000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
62180000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
230455000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
62180000
rrc Asset Retirement Obligation Disposition Of Wells
AssetRetirementObligationDispositionOfWells
12121000
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
3301000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-24596000
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
239940000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31044000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
580783000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
149731000
us-gaap Net Income Loss
NetIncomeLoss
87551000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162866000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
160398000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
163685000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
161321000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
14840000
CY2014Q3 rrc Amortization Related To De Designated Hedges Reclassified To Natural Gas Ngl And Oil Sales Net Of Tax
AmortizationRelatedToDeDesignatedHedgesReclassifiedToNaturalGasNglAndOilSalesNetOfTax
2172000
CY2013Q3 rrc De Designated Hedges Reclassified To Derivative Fair Value Income Net Of Taxes
DeDesignatedHedgesReclassifiedToDerivativeFairValueIncomeNetOfTaxes
438000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-4203000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
9488000
rrc Amortization Related To De Designated Hedges Reclassified To Natural Gas Ngl And Oil Sales Tax
AmortizationRelatedToDeDesignatedHedgesReclassifiedToNaturalGasNglAndOilSalesTax
4122000
CY2013Q3 rrc Amortization Related To De Designated Hedges Reclassified To Natural Gas Ngl And Oil Sales Tax
AmortizationRelatedToDeDesignatedHedgesReclassifiedToNaturalGasNglAndOilSalesTax
10688000
rrc Amortization Related To De Designated Hedges Reclassified To Natural Gas Ngl And Oil Sales Tax
AmortizationRelatedToDeDesignatedHedgesReclassifiedToNaturalGasNglAndOilSalesTax
27337000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3000
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
255000
CY2013Q3 rrc De Designated Hedges Reclassified To Derivative Fair Value Income Tax Portion
DeDesignatedHedgesReclassifiedToDerivativeFairValueIncomeTaxPortion
279000
rrc De Designated Hedges Reclassified To Derivative Fair Value Income Tax Portion
DeDesignatedHedgesReclassifiedToDerivativeFairValueIncomeTaxPortion
1518000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
2687000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-65931000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-28564000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1103000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
3799000
us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
750000000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
396580000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
343000
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
4704000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
15707000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
16327000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
168270000
us-gaap Nature Of Operations
NatureOfOperations
<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:12pt;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>
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
2455000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
11206000
CY2014Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.390
CY2013Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.382
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.397
CY2014Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2013Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014Q3 us-gaap Undistributed Earnings
UndistributedEarnings
-2479000
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
143939000
CY2014Q3 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
9000
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
143948000
CY2014Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
619000
CY2013Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
230077000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
5475000
rrc Asset Retirement Obligation Acquisitions
AssetRetirementObligationAcquisitions
11927000
CY2014Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
2900000
CY2013 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
84840000
CY2013 us-gaap Capitalized Exploratory Well Cost Charged To Expense
CapitalizedExploratoryWellCostChargedToExpense
0
CY2013 rrc Capitalized Exploratory Well Sold
CapitalizedExploratoryWellSold
5388000
CY2014Q3 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
81996000
CY2014Q3 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
46412000
CY2013Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
6964000
CY2013Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
1
CY2014Q3 rrc Number Of Wells Waiting On Pipeline
NumberOfWellsWaitingOnPipeline
1
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2013Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2014Q3 us-gaap Long Term Debt
LongTermDebt
2999000000
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
3140516000
CY2014Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
1750000000
CY2014Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
2000000000
CY2014Q3 rrc Percentage Holding Of Commercial Banks Maximum
PercentageHoldingOfCommercialBanksMaximum
0.09
CY2014Q3 rrc Number Of Commercial Banks Included In Current Bank Group
NumberOfCommercialBanksIncludedInCurrentBankGroup
28
CY2014Q3 rrc Notice Period For Increase In Facility Amount
NoticePeriodForIncreaseInFacilityAmount
P20D
CY2014Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
104000000
CY2014Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
997000000
CY2014Q3 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.021
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.020
us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.00375
CY2014Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-24600000
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. During an investment grade period in which Range has only one investment grade rating, an additional covenant is imposed whereby the ratio of the present value of proved reserves (as defined in the credit agreement) to total debt must be equal to or greater than 1.5 to 1.0. We were in compliance with applicable covenants under the bank credit facility at September 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 September 30, 2014, we were in compliance with these covenants.
CY2014Q3 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
485000000
CY2013Q4 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
485000000
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
162514098
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
4560000
CY2014Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13965000
CY2013Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13244000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
53087000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
40979000
rrc Number Of Active Stock Based Plans
NumberOfActiveStockBasedPlans
2
CY2013Q4 rrc Shares Held In Rabbi Trust
SharesHeldInRabbiTrust
2800000
CY2014Q3 rrc Shares Held In Rabbi Trust
SharesHeldInRabbiTrust
2800000
rrc Stock Issued During Period Shares Restricted Stock Units Vested
StockIssuedDuringPeriodSharesRestrictedStockUnitsVested
240453
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
460000
CY2014Q3 us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
151000
us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
322000
CY2014Q3 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-1200000
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
1300000
CY2013Q3 us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
111000
rrc Stock Issued During Period Shares Issued Resulting From Stock Options Exercised
StockIssuedDuringPeriodSharesIssuedResultingFromStockOptionsExercised
188649
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
269506
us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
779000
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
3800000
CY2013Q3 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
3200000
CY2013Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
7012000
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
24991000
rrc Number Of Financial Institutions Included In Counterparties
NumberOfFinancialInstitutionsIncludedInCounterparties
15
rrc Number Of Counter Parties Not Included In Bank Credit Facility
NumberOfCounterPartiesNotIncludedInBankCreditFacility
2
CY2014Q3 us-gaap Credit Risk Derivative Liabilities At Fair Value
CreditRiskDerivativeLiabilitiesAtFairValue
5500000
us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
15566
CY2014Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
168617068
us-gaap Derivative Instruments Loss Recognized In Other Comprehensive Income Effective Portion
DerivativeInstrumentsLossRecognizedInOtherComprehensiveIncomeEffectivePortion
358000
rrc Gain Loss On Derivative Instruments Net Of Tax
GainLossOnDerivativeInstrumentsNetOfTax
-222000
CY2014Q3 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
CY2013Q3 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
-39000
us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
-2930000
us-gaap Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
3900000
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
-358000
CY2014Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
76058000
CY2014Q3 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
14250000
CY2014Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
61808000
CY2014Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
14250000
CY2014Q3 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
14250000
CY2014Q3 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
0
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
us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
-4203000
CY2013Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-40316000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-28902000
CY2013Q4 rrc Vested Shares Held In Rabbi Trust
VestedSharesHeldInRabbiTrust
2400000
CY2014Q3 rrc Vested Shares Held In Rabbi Trust
VestedSharesHeldInRabbiTrust
2400000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
41000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-237000
us-gaap Interest Paid Net
InterestPaidNet
144596000
us-gaap Interest Paid Net
InterestPaidNet
129043000
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
7815000
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-964000
rrc Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
41707000
rrc Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
32776000
rrc Transportation Commitments Future Minimum Transportation Fees Due During Period
TransportationCommitmentsFutureMinimumTransportationFeesDueDuringPeriod
992000000
rrc Number Of Terms Transportation Commitments Future Minimum Transportation Fees Due During Period
NumberOfTermsTransportationCommitmentsFutureMinimumTransportationFeesDueDuringPeriod
P25Y
CY2014Q3 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
9193442000
CY2013Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
8225859000
CY2014Q3 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
908673000
CY2013Q4 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
807022000
CY2014Q3 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
10102115000
CY2013Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
9032881000
CY2014Q3 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
2472030000
CY2013Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
2274444000
CY2014Q3 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
7630085000
CY2013Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
6758437000
rrc Costs Incurred Acquisitions
CostsIncurredAcquisitions
409331000
us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
143850000
CY2013 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
137538000
us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
775570000
CY2013 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
938668000
rrc Cost Incurred Transportation And Field Equipment Costs
CostIncurredTransportationAndFieldEquipmentCosts
12986000
CY2013 rrc Cost Incurred Transportation And Field Equipment Costs
CostIncurredTransportationAndFieldEquipmentCosts
47086000
rrc Cost Incurred Of Oil And Gas Properties
CostIncurredOfOilAndGasProperties
1496589000
CY2013 rrc Cost Incurred Of Oil And Gas Properties
CostIncurredOfOilAndGasProperties
1377443000
us-gaap Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
7815000
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
1504404000
CY2013 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
1453816000

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