2018 Q2 Form 10-Q Financial Statement

#000156459018017909 Filed on July 30, 2018

View on sec.gov

Income Statement

Concept 2018 Q2
Revenue $656.2M
YoY Change -2.51%
Cost Of Revenue $102.7M
YoY Change 83.95%
Gross Profit $553.4M
YoY Change -10.34%
Gross Profit Margin 84.34%
Selling, General & Admin $324.1M
YoY Change 41.28%
% of Gross Profit 58.56%
Research & Development $7.500M
YoY Change -48.28%
% of Gross Profit 1.36%
Depreciation & Amortization $176.3M
YoY Change 15.61%
% of Gross Profit 31.86%
Operating Expenses $492.6M
YoY Change 24.24%
Operating Profit $60.84M
YoY Change -72.44%
Interest Expense $53.86M
YoY Change 12.39%
% of Operating Profit 88.53%
Other Income/Expense, Net
YoY Change
Pretax Income -$108.4M
YoY Change -185.22%
Income Tax -$28.52M
% Of Pretax Income
Net Earnings -$79.84M
YoY Change -214.79%
Net Earnings / Revenue -12.17%
Basic Earnings Per Share -$0.32
Diluted Earnings Per Share -$0.32
COMMON SHARES
Basic Shares Outstanding 245.9M
Diluted Shares Outstanding 245.9M

Balance Sheet

Concept 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00
YoY Change -100.0%
Cash & Equivalents $415.0K
Short-Term Investments
Other Short-Term Assets $0.00
YoY Change -100.0%
Inventory $21.97M
Prepaid Expenses
Receivables $362.0M
Other Receivables $0.00
Total Short-Term Assets $384.9M
YoY Change 6.61%
LONG-TERM ASSETS
Property, Plant & Equipment $9.718B
YoY Change 2.06%
Goodwill $1.641B
YoY Change -0.33%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $82.00M
YoY Change -10.87%
Total Long-Term Assets $11.44B
YoY Change 1.61%
TOTAL ASSETS
Total Short-Term Assets $384.9M
Total Long-Term Assets $11.44B
Total Assets $11.83B
YoY Change 1.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $248.0M
YoY Change -13.59%
Accrued Expenses $384.0M
YoY Change 28.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $740.0M
YoY Change 23.95%
LONG-TERM LIABILITIES
Long-Term Debt $4.207B
YoY Change 9.3%
Other Long-Term Liabilities $407.0M
YoY Change 2.01%
Total Long-Term Liabilities $4.614B
YoY Change 8.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $740.0M
Total Long-Term Liabilities $4.614B
Total Liabilities $6.062B
YoY Change 1.73%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.764B
YoY Change
Total Liabilities & Shareholders Equity $11.83B
YoY Change 1.76%

Cashflow Statement

Concept 2018 Q2
OPERATING ACTIVITIES
Net Income -$79.84M
YoY Change -214.79%
Depreciation, Depletion And Amortization $176.3M
YoY Change 15.61%
Cash From Operating Activities $174.9M
YoY Change -5.66%
INVESTING ACTIVITIES
Capital Expenditures -$290.0M
YoY Change -1.23%
Acquisitions
YoY Change
Other Investing Activities -$200.0K
YoY Change -103.92%
Cash From Investing Activities -$290.2M
YoY Change 0.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 115.2M
YoY Change 11.84%
NET CHANGE
Cash From Operating Activities 174.9M
Cash From Investing Activities -290.2M
Cash From Financing Activities 115.2M
Net Change In Cash -100.0K
YoY Change 0.0%
FREE CASH FLOW
Cash From Operating Activities $174.9M
Capital Expenditures -$290.0M
Free Cash Flow $464.9M
YoY Change -2.94%

Facts In Submission

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SharesHeldInRabbiTrust
3100000
CY2017Q4 rrc Shares Held In Rabbi Trust
SharesHeldInRabbiTrust
2900000
CY2018Q2 rrc Vested Shares Held In Rabbi Trust
VestedSharesHeldInRabbiTrust
2900000
CY2017Q4 rrc Vested Shares Held In Rabbi Trust
VestedSharesHeldInRabbiTrust
2800000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7521000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-98000
us-gaap Interest Paid Net
InterestPaidNet
103439000
us-gaap Interest Paid Net
InterestPaidNet
84653000
rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
19561000
rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
3855000
rrc Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
-102809000
rrc Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
36926000
rrc Number Of Terms Transportation Commitments Future Minimum Transportation Fees Due During Period
NumberOfTermsTransportationCommitmentsFutureMinimumTransportationFeesDueDuringPeriod
P20Y
rrc Transportation Commitments Future Minimum Transportation Fees Due End Year
TransportationCommitmentsFutureMinimumTransportationFeesDueEndYear
2038
CY2018Q2 rrc Change In Transportation Commitments Future Minimum Transportation Fees Due
ChangeInTransportationCommitmentsFutureMinimumTransportationFeesDue
171000000
CY2018Q2 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
0
CY2017Q2 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
0
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
0
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
2422000
CY2018Q2 rrc Building Lease Costs For Restructuring
BuildingLeaseCostsForRestructuring
0
CY2017Q2 rrc Building Lease Costs For Restructuring
BuildingLeaseCostsForRestructuring
-50000
rrc Building Lease Costs For Restructuring
BuildingLeaseCostsForRestructuring
-37000
rrc Building Lease Costs For Restructuring
BuildingLeaseCostsForRestructuring
-22000
CY2018Q2 rrc Share Based Compensation Expense Benefit Associated With Restructuring Cost
ShareBasedCompensationExpenseBenefitAssociatedWithRestructuringCost
0
CY2017Q2 rrc Share Based Compensation Expense Benefit Associated With Restructuring Cost
ShareBasedCompensationExpenseBenefitAssociatedWithRestructuringCost
-46000
rrc Share Based Compensation Expense Benefit Associated With Restructuring Cost
ShareBasedCompensationExpenseBenefitAssociatedWithRestructuringCost
0
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
1855000
rrc Building Lease Accrued Liability For Restructuring
BuildingLeaseAccruedLiabilityForRestructuring
-37000
us-gaap Payments For Restructuring
PaymentsForRestructuring
1024000
CY2018Q2 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
11067325000
CY2017Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
10572453000
CY2018Q2 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
2599162000
CY2017Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
2644000000
us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
28300000
CY2017 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
62075000
us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
1683000
CY2017 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
18269000
us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
484186000
CY2017 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
1177526000
us-gaap Exploration Costs
ExplorationCosts
2235000
CY2017 us-gaap Exploration Costs
ExplorationCosts
2030000
rrc Cost Incurred Transportation And Field Equipment Costs
CostIncurredTransportationAndFieldEquipmentCosts
4599000
CY2017 rrc Cost Incurred Transportation And Field Equipment Costs
CostIncurredTransportationAndFieldEquipmentCosts
15097000
rrc Cost Incurred Of Oil And Gas Properties
CostIncurredOfOilAndGasProperties
536221000
CY2017 rrc Cost Incurred Of Oil And Gas Properties
CostIncurredOfOilAndGasProperties
1328659000
CY2017 rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
20245000
us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
555782000
CY2017 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
1348904000

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