2015 Q1 Form 10-Q Financial Statement
#000156459015002936 Filed on April 28, 2015
Income Statement
Concept | 2015 Q1 | 2014 Q4 | 2014 Q1 |
---|---|---|---|
Revenue | $462.8M | $868.5M | $457.7M |
YoY Change | 1.12% | 102.87% | 43.37% |
Cost Of Revenue | $68.60M | $82.30M | $85.60M |
YoY Change | -19.86% | -5.73% | 33.96% |
Gross Profit | $271.3M | $373.8M | $518.9M |
YoY Change | -47.72% | -5.82% | 46.0% |
Gross Profit Margin | 58.62% | 43.04% | 113.37% |
Selling, General & Admin | $132.1M | $105.1M | $121.3M |
YoY Change | 8.9% | -29.51% | -35.75% |
% of Gross Profit | 48.69% | 28.12% | 23.38% |
Research & Development | $7.900M | $23.60M | $14.80M |
YoY Change | -46.62% | 67.38% | -11.9% |
% of Gross Profit | 2.91% | 6.31% | 2.85% |
Depreciation & Amortization | $147.3M | $149.6M | $128.7M |
YoY Change | 14.46% | 17.83% | 11.8% |
% of Gross Profit | 54.29% | 40.02% | 24.8% |
Operating Expenses | $287.4M | $275.2M | $264.9M |
YoY Change | 8.49% | -5.14% | -17.4% |
Operating Profit | -$16.10M | $98.60M | $254.0M |
YoY Change | -106.34% | -7.68% | 631.99% |
Interest Expense | $39.21M | $38.90M | $45.40M |
YoY Change | -13.64% | -13.47% | 7.56% |
% of Operating Profit | 39.45% | 17.87% | |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $50.10M | $450.1M | $51.50M |
YoY Change | -2.72% | -225150.0% | -141.94% |
Income Tax | $22.37M | $166.0M | $18.96M |
% Of Pretax Income | 44.64% | 36.89% | 36.81% |
Net Earnings | $27.68M | $284.1M | $32.52M |
YoY Change | -14.87% | 908.32% | -143.01% |
Net Earnings / Revenue | 5.98% | 32.71% | 7.11% |
Basic Earnings Per Share | $0.16 | $1.68 | $0.20 |
Diluted Earnings Per Share | $0.16 | $1.68 | $0.20 |
COMMON SHARES | |||
Basic Shares Outstanding | 166.0M | 160.8M | |
Diluted Shares Outstanding | 166.1M | 161.8M |
Balance Sheet
Concept | 2015 Q1 | 2014 Q4 | 2014 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.000M | $68.95M | $0.00 |
YoY Change | 1.17% | ||
Cash & Equivalents | $519.0K | $448.0K | $246.0K |
Short-Term Investments | $68.50M | ||
Other Short-Term Assets | $359.0M | $363.0M | $40.00M |
YoY Change | 797.5% | 548.21% | -80.1% |
Inventory | $17.00M | $17.85M | $17.00M |
Prepaid Expenses | |||
Receivables | $134.0M | $189.0M | $221.0M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $511.0M | $570.3M | $279.0M |
YoY Change | 83.15% | 129.68% | -24.72% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $34.98M | $37.58M | $6.945B |
YoY Change | -99.5% | 14.63% | 18033.63% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $124.0M | ||
YoY Change | -4.58% | ||
Other Assets | $122.0M | $121.0M | $135.0M |
YoY Change | -9.65% | -0.23% | -3.09% |
Total Long-Term Assets | $8.334B | $8.176B | $7.204B |
YoY Change | 15.68% | 15.97% | 10.9% |
TOTAL ASSETS | |||
Total Short-Term Assets | $511.0M | $570.3M | $279.0M |
Total Long-Term Assets | $8.334B | $8.176B | $7.204B |
Total Assets | $8.845B | $8.747B | $7.483B |
YoY Change | 18.2% | 19.83% | 8.98% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $278.2M | $396.9M | $274.0M |
YoY Change | 1.55% | 53.6% | -24.57% |
Accrued Expenses | $170.0M | $188.0M | $197.0M |
YoY Change | -13.69% | 16.38% | 12.35% |
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 | $611.3M | $755.3M | $549.0M |
YoY Change | 11.35% | 52.41% | -9.65% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $3.262B | $3.073B | $3.235B |
YoY Change | 0.84% | -2.15% | 10.16% |
Other Long-Term Liabilities | $468.0M | $464.0M | $471.0M |
YoY Change | -0.64% | -2.73% | 23.62% |
Total Long-Term Liabilities | $3.262B | $3.073B | $3.235B |
YoY Change | 0.84% | -2.15% | 10.16% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $611.3M | $755.3M | $549.0M |
Total Long-Term Liabilities | $3.262B | $3.073B | $3.235B |
Total Liabilities | $5.355B | $5.289B | $5.033B |
YoY Change | 6.41% | 8.29% | 9.2% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $1.079B | $1.058B | |
YoY Change | 134.89% | ||
Common Stock | $2.413B | $2.402B | |
YoY Change | 22.48% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $2.762M | $3.088M | |
YoY Change | -15.09% | ||
Treasury Stock Shares | $73.54K | $82.95K | |
Shareholders Equity | $3.489B | $3.457B | $2.450B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $8.845B | $8.747B | $7.483B |
YoY Change | 18.2% | 19.83% | 8.98% |
Cashflow Statement
Concept | 2015 Q1 | 2014 Q4 | 2014 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $27.68M | $284.1M | $32.52M |
YoY Change | -14.87% | 908.32% | -143.01% |
Depreciation, Depletion And Amortization | $147.3M | $149.6M | $128.7M |
YoY Change | 14.46% | 17.83% | 11.8% |
Cash From Operating Activities | $210.6M | $299.2M | $181.2M |
YoY Change | 16.23% | 24.36% | -9.96% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $672.0K | -$402.0M | $3.084M |
YoY Change | -78.21% | 27.62% | 187.96% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $10.90M | $28.40M | $3.900M |
YoY Change | 179.49% | 951.85% | -86.32% |
Cash From Investing Activities | -$377.7M | -$373.6M | -$276.2M |
YoY Change | 36.75% | 19.63% | 14.6% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $6.759M | $6.550M | |
YoY Change | 3.19% | 0.44% | |
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 167.1M | 74.30M | 94.90M |
YoY Change | 76.08% | 3.63% | 139.05% |
NET CHANGE | |||
Cash From Operating Activities | 210.6M | 299.2M | 181.2M |
Cash From Investing Activities | -377.7M | -373.6M | -276.2M |
Cash From Financing Activities | 167.1M | 74.30M | 94.90M |
Net Change In Cash | 0.000 | -100.0K | -100.0K |
YoY Change | -100.0% | -95869805714400.0% | 72.41% |
FREE CASH FLOW | |||
Cash From Operating Activities | $210.6M | $299.2M | $181.2M |
Capital Expenditures | $672.0K | -$402.0M | $3.084M |
Free Cash Flow | $209.9M | $701.2M | $178.1M |
YoY Change | 17.86% | 26.21% | -11.02% |
Facts In Submission
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Other Assets Noncurrent
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Long Term Line Of Credit
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General And Administrative Expense
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Restructuring Charges
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Depreciation Depletion And Amortization
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Results Of Operations Income Before Income Taxes
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Current Income Tax Expense Benefit
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Income Tax Expense Benefit
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Repayments Of Long Term Lines Of Credit
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Income Tax Expense Benefit
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Earnings Per Share Basic
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0.16 | |
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Earnings Per Share Basic
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0.20 | |
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|
0.16 | |
CY2014Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.20 | |
CY2015Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.04 | |
CY2014Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.04 | |
CY2015Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
166039000 | |
CY2014Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
160794000 | |
CY2015Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
166066000 | |
CY2014Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
161825000 | |
CY2015Q1 | rrc |
Amortization Related To De Designated Hedges Reclassified To Natural Gas Ngl And Oil Sales Net Of Tax
AmortizationRelatedToDeDesignatedHedgesReclassifiedToNaturalGasNglAndOilSalesNetOfTax
|
0 | |
CY2014Q1 | rrc |
Amortization Related To De Designated Hedges Reclassified To Natural Gas Ngl And Oil Sales Net Of Tax
AmortizationRelatedToDeDesignatedHedgesReclassifiedToNaturalGasNglAndOilSalesNetOfTax
|
1240000 | |
CY2015Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
27684000 | |
CY2014Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
31281000 | |
CY2014Q1 | rrc |
Amortization Related To De Designated Hedges Reclassified To Natural Gas Ngl And Oil Sales Tax
AmortizationRelatedToDeDesignatedHedgesReclassifiedToNaturalGasNglAndOilSalesTax
|
924000 | |
CY2014Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-2732000 | |
CY2015Q1 | us-gaap |
Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
|
103000 | |
CY2014Q1 | us-gaap |
Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
|
1000 | |
CY2015Q1 | rrc |
Cash Proceeds And Settlements On Derivatives
CashProceedsAndSettlementsOnDerivatives
|
-97490000 | |
CY2014Q1 | rrc |
Cash Proceeds And Settlements On Derivatives
CashProceedsAndSettlementsOnDerivatives
|
104584000 | |
CY2015Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
250000 | |
CY2015Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
1358000 | |
CY2014Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
2873000 | |
CY2015Q1 | rrc |
Share Based Compensation Including Deferred Amounts
ShareBasedCompensationIncludingDeferredAmounts
|
9218000 | |
CY2014Q1 | rrc |
Share Based Compensation Including Deferred Amounts
ShareBasedCompensationIncludingDeferredAmounts
|
12593000 | |
CY2015Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-54435000 | |
CY2014Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
41643000 | |
CY2015Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1072000 | |
CY2014Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
5358000 | |
CY2015Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
7098000 | |
CY2014Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
9997000 | |
CY2015Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-44409000 | |
CY2014Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-32742000 | |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
210638000 | |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
181221000 | |
CY2015Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
672000 | |
CY2014Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3084000 | |
CY2015Q1 | us-gaap |
Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
|
30126000 | |
CY2014Q1 | us-gaap |
Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
|
50690000 | |
CY2014Q1 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
2511000 | |
CY2015Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
10660000 | |
CY2014Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
294000 | |
CY2015Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
4664000 | |
CY2014Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
8247000 | |
CY2015Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
4922000 | |
CY2014Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
9310000 | |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-377660000 | |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-276237000 | |
CY2015Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1700000 | |
CY2015Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
6759000 | |
CY2014Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
6550000 | |
CY2015Q1 | us-gaap |
Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
|
-15341000 | |
CY2014Q1 | us-gaap |
Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
|
-1122000 | |
CY2015Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
1893000 | |
CY2014Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
8586000 | |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
167093000 | |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
94914000 | |
CY2015Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
71000 | |
CY2014Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-102000 | |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
348000 | |
CY2014Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
246000 | |
CY2015Q1 | 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: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 (“Range,” “we,” “us,” or “our”) is a Fort Worth, Texas-based independent natural gas, natural gas liquids (“NGLs”) and oil company primarily engaged in the exploration, development and acquisition of natural gas and oil properties in the Appalachian and Midcontinent 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 “RRC.” </p></div> | |
CY2013Q4 | us-gaap |
Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
|
6964000 | |
CY2015Q1 | us-gaap |
Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
|
9017000 | |
CY2014 | us-gaap |
Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
|
18747000 | |
CY2015Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.447 | |
CY2014Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.368 | |
CY2015Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
CY2014Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
CY2015Q1 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
-463000 | |
CY2014Q1 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
-560000 | |
CY2015Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
27221000 | |
CY2014Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
31961000 | |
CY2015Q1 | us-gaap |
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
|
0 | |
CY2014Q1 | us-gaap |
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
|
3000 | |
CY2015Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
27221000 | |
CY2014Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
31964000 | |
CY2015Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
27000 | |
CY2014Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1031000 | |
CY2015Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2800000 | |
CY2014Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2800000 | |
CY2015Q1 | us-gaap |
Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
|
0 | |
CY2014Q4 | us-gaap |
Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
|
0 | |
CY2014Q4 | us-gaap |
Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
|
2996000 | |
CY2015Q1 | us-gaap |
Capital Units Authorized
CapitalUnitsAuthorized
|
485000000 | |
CY2014Q4 | us-gaap |
Capital Units Authorized
CapitalUnitsAuthorized
|
485000000 | |
CY2014Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
168628177 | |
CY2014 | us-gaap |
Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
|
15566 | |
CY2015Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
168922563 | |
CY2015Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
432790000 | |
CY2014 | us-gaap |
Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
|
15735000 | |
CY2014 | rrc |
Capitalized Exploratory Well Sold
CapitalizedExploratoryWellSold
|
6980000 | |
CY2015Q1 | us-gaap |
Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
|
12013000 | |
CY2014Q4 | us-gaap |
Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
|
2996000 | |
CY2015Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
0 | |
CY2014 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
0 | |
CY2015Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
3262000000 | |
CY2014Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
3073000000 | |
CY2015Q1 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
4000000000 | |
CY2015Q1 | rrc |
Line Of Credit Facility Bank Committed Amount
LineOfCreditFacilityBankCommittedAmount
|
2000000000 | |
CY2015Q1 | rrc |
Percentage Holding Of Commercial Banks Maximum
PercentageHoldingOfCommercialBanksMaximum
|
0.06 | |
CY2015Q1 | rrc |
Number Of Commercial Banks Included In Current Bank Group
NumberOfCommercialBanksIncludedInCurrentBankGroup
|
29 | |
CY2015Q1 | us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2019-10-16 | |
CY2015Q1 | rrc |
Notice Period For Increase In Facility Amount
NoticePeriodForIncreaseInFacilityAmount
|
P20D | |
CY2015Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
108000000 | |
CY2015Q1 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
980000000 | |
CY2015Q1 | us-gaap |
Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
|
0.018 | |
CY2014Q1 | us-gaap |
Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
|
0.020 | |
CY2015Q1 | us-gaap |
Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
|
0.0030 | |
CY2015Q1 | 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 EBITDAX (as defined in the credit agreement) to cash interest expense of equal to or greater than 2.5 and a current ratio (as defined in the credit agreement) of no less than 1.0. In addition, 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 until Range has two investment grade ratings. We were in compliance with applicable covenants under the bank credit facility at March 31, 2015. 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 March 31, 2015, we were in compliance with these covenants. | |
CY2014Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
287463000 | |
CY2015Q1 | us-gaap |
Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
|
1460000 | |
CY2015Q1 | us-gaap |
Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
|
3257000 | |
CY2015Q1 | rrc |
Asset Retirement Obligation Disposition Of Wells
AssetRetirementObligationDispositionOfWells
|
4112000 | |
CY2015Q1 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
4723000 | |
CY2015Q1 | us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
14353000 | |
CY2015Q1 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
300630000 | |
CY2015Q1 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
282941000 | |
CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
163342894 | |
CY2015Q1 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
84999 | |
CY2014 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
270062 | |
CY2015Q1 | rrc |
Stock Issued During Period Shares Restricted Stock Units Vested
StockIssuedDuringPeriodSharesRestrictedStockUnitsVested
|
194606 | |
CY2014 | rrc |
Stock Issued During Period Shares Restricted Stock Units Vested
StockIssuedDuringPeriodSharesRestrictedStockUnitsVested
|
244413 | |
CY2015Q1 | us-gaap |
Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
|
9417 | |
CY2015Q1 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
2935000 | |
CY2015Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
|
429855000 | |
CY2015Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
4077000 | |
CY2015Q1 | us-gaap |
Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
|
2935000 | |
CY2015Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
|
1142000 | |
CY2014Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
404118000 | |
CY2014Q4 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
755000 | |
CY2014Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
|
403363000 | |
CY2014Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
755000 | |
CY2014Q4 | us-gaap |
Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
|
755000 | |
CY2014Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
|
0 | |
CY2015Q1 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
122839000 | |
CY2014Q1 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-146850000 | |
CY2015Q1 | us-gaap |
Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
|
942606000 | |
CY2014Q4 | us-gaap |
Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
|
943246000 | |
CY2014 | rrc |
Costs Incurred Acquisition Of Oil And Gas Properties From Business Combination
CostsIncurredAcquisitionOfOilAndGasPropertiesFromBusinessCombination
|
404252000 | |
CY2015Q1 | us-gaap |
Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
|
13354000 | |
CY2014 | us-gaap |
Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
|
226475000 | |
CY2015Q1 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
240792000 | |
CY2014 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
1119896000 | |
CY2015Q1 | rrc |
Cost Incurred Transportation And Field Equipment Costs
CostIncurredTransportationAndFieldEquipmentCosts
|
2184000 | |
CY2014 | rrc |
Cost Incurred Transportation And Field Equipment Costs
CostIncurredTransportationAndFieldEquipmentCosts
|
13137000 | |
CY2015Q1 | us-gaap |
Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
|
109000 | |
CY2014Q1 | us-gaap |
Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
|
274000 | |
CY2015Q1 | us-gaap |
Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
|
1400000 | |
CY2014Q1 | us-gaap |
Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
|
429000 | |
CY2015Q1 | rrc |
Number Of Financial Institutions Included In Counterparties
NumberOfFinancialInstitutionsIncludedInCounterparties
|
17 | |
CY2015Q1 | rrc |
Number Of Counter Parties Not Included In Bank Credit Facility
NumberOfCounterPartiesNotIncludedInBankCreditFacility
|
2 | |
CY2015Q1 | us-gaap |
Credit Risk Derivative Assets At Fair Value
CreditRiskDerivativeAssetsAtFairValue
|
27200000 | |
CY2015Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
14491000 | |
CY2014Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
14137000 | |
CY2015Q1 | rrc |
Number Of Active Stock Based Plans
NumberOfActiveStockBasedPlans
|
1 | |
CY2015Q1 | rrc |
Deferred Compensation Arrangement With Individual Vesting Period
DeferredCompensationArrangementWithIndividualVestingPeriod
|
P3Y | |
CY2015Q1 | rrc |
Shares Held In Rabbi Trust
SharesHeldInRabbiTrust
|
2800000 | |
CY2014Q4 | rrc |
Shares Held In Rabbi Trust
SharesHeldInRabbiTrust
|
2800000 | |
CY2015Q1 | rrc |
Vested Shares Held In Rabbi Trust
VestedSharesHeldInRabbiTrust
|
2500000 | |
CY2014Q4 | rrc |
Vested Shares Held In Rabbi Trust
VestedSharesHeldInRabbiTrust
|
2500000 | |
CY2014Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
39000 | |
CY2015Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
54284000 | |
CY2014Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
55190000 | |
CY2015Q1 | us-gaap |
Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
|
15813000 | |
CY2014Q1 | us-gaap |
Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
|
3218000 | |
CY2015Q1 | rrc |
Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
|
-110622000 | |
CY2014Q1 | rrc |
Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
|
6808000 | |
CY2015Q1 | rrc |
Transportation Commitments Future Minimum Transportation Fees Due During Period
TransportationCommitmentsFutureMinimumTransportationFeesDueDuringPeriod
|
52900000 | |
CY2015Q1 | rrc |
Number Of Terms Transportation Commitments Future Minimum Transportation Fees Due During Period
NumberOfTermsTransportationCommitmentsFutureMinimumTransportationFeesDueDuringPeriod
|
P9Y | |
CY2014 | us-gaap |
Restructuring Charges
RestructuringCharges
|
8371000 | |
CY2015Q1 | us-gaap |
Severance Costs1
SeveranceCosts1
|
275000 | |
CY2015Q1 | rrc |
Building Lease Costs For Restructuring
BuildingLeaseCostsForRestructuring
|
3232000 | |
CY2015Q1 | us-gaap |
Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
|
1200000 | |
CY2015Q1 | us-gaap |
Restructuring Costs
RestructuringCosts
|
1431000 | |
CY2014 | us-gaap |
Restructuring Costs
RestructuringCosts
|
5372000 | |
CY2015Q1 | rrc |
Share Based Compensation Expense Associated With Restructuring Cost
ShareBasedCompensationExpenseAssociatedWithRestructuringCost
|
1287000 | |
CY2014 | rrc |
Share Based Compensation Expense Associated With Restructuring Cost
ShareBasedCompensationExpenseAssociatedWithRestructuringCost
|
2999000 | |
CY2014Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
5372000 | |
CY2015Q1 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
1674000 | |
CY2015Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
8361000 | |
CY2015Q1 | us-gaap |
Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
|
9745129000 | |
CY2014Q4 | us-gaap |
Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
|
9624725000 | |
CY2015Q1 | rrc |
Cost Incurred Of Oil And Gas Properties
CostIncurredOfOilAndGasProperties
|
285272000 | |
CY2014 | rrc |
Cost Incurred Of Oil And Gas Properties
CostIncurredOfOilAndGasProperties
|
2008233000 | |
CY2014 | us-gaap |
Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
|
56822000 | |
CY2015Q1 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
301085000 | |
CY2014 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
2065055000 |