$SM
SM Energy Co

2012 Q4 Form 10-Q Financial Statement

#000089353812000058 Filed on November 01, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $440.1M $379.0M $530.6M
YoY Change 8.8% -28.58% 133.85%
Cost Of Revenue $111.2M $102.4M $77.80M
YoY Change 19.31% 31.62% 74.44%
Gross Profit $328.9M $285.0M $262.1M
YoY Change 5.65% 8.74% 47.16%
Gross Profit Margin 74.73% 75.21% 49.4%
Selling, General & Admin $28.40M $32.20M $29.80M
YoY Change -20.22% 8.05% 13.74%
% of Gross Profit 8.63% 11.3% 11.37%
Research & Development $24.20M $25.40M $11.30M
YoY Change 21.0% 124.78% -21.53%
% of Gross Profit 7.36% 8.91% 4.31%
Depreciation & Amortization $204.3M $192.4M $123.1M
YoY Change 22.12% 56.3% 46.9%
% of Gross Profit 62.12% 67.51% 46.97%
Operating Expenses $259.1M $263.0M $159.9M
YoY Change 5.24% 64.48% 11.2%
Operating Profit $69.80M -$42.84M $372.8M
YoY Change 7.22% -111.49% 1100.53%
Interest Expense -$2.800M $18.36M $9.372M
YoY Change -95.25% 95.92% 47.85%
% of Operating Profit -4.01% 2.51%
Other Income/Expense, Net $0.00 $100.0K $0.00
YoY Change -100.0% -100.0%
Pretax Income -$104.1M -$61.07M $363.4M
YoY Change -45.87% -116.8% 1365.61%
Income Tax -$37.00M -$22.74M $133.3M
% Of Pretax Income 36.69%
Net Earnings -$67.10M -$38.34M $230.1M
YoY Change -44.41% -116.66% 1389.11%
Net Earnings / Revenue -15.25% -10.12% 43.37%
Basic Earnings Per Share -$0.58 $3.60
Diluted Earnings Per Share -$1.015M -$0.58 $3.41
COMMON SHARES
Basic Shares Outstanding 66.08M shares 65.75M shares 63.90M shares
Diluted Shares Outstanding 65.75M shares 67.39M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.900M $200.0K $29.90M
YoY Change -95.05% -99.33% 321.13%
Cash & Equivalents $5.926M $184.0K $29.92M
Short-Term Investments
Other Short-Term Assets $76.50M $86.60M $90.80M
YoY Change -40.23% -4.63% 31.59%
Inventory
Prepaid Expenses
Receivables $254.8M $235.9M $183.9M
Other Receivables $17.70M $3.200M $0.00
Total Short-Term Assets $340.6M $325.9M $304.7M
YoY Change -26.48% 6.97% 53.5%
LONG-TERM ASSETS
Property, Plant & Equipment $3.677B $3.602B $3.043B
YoY Change 18.75% 18.38% 35.44%
Goodwill
YoY Change
Intangibles $10.80M
YoY Change 52.11%
Long-Term Investments
YoY Change
Other Assets $78.53M $80.06M $69.15M
YoY Change -5.81% 15.78% -6.68%
Total Long-Term Assets $181.8M $196.2M $109.0M
YoY Change -23.99% 79.95% -95.3%
TOTAL ASSETS
Total Short-Term Assets $340.6M $325.9M $304.7M
Total Long-Term Assets $181.8M $196.2M $109.0M
Total Assets $4.200B $4.124B $3.456B
YoY Change 10.54% 19.32% 37.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $525.6M $474.6M $400.4M
YoY Change 15.01% 18.53% 26.63%
Accrued Expenses
YoY Change
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 $541.5M $499.9M $423.5M
YoY Change 7.07% 18.04% 14.13%
LONG-TERM LIABILITIES
Long-Term Debt $1.440B $1.328B $632.6M
YoY Change 46.18% 109.93% 129.7%
Other Long-Term Liabilities $66.36M $57.68M $17.38M
YoY Change -2.2% 231.82% -92.99%
Total Long-Term Liabilities $2.244B $2.150B $1.445B
YoY Change 22.58% 48.79% 176.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $541.5M $499.9M $423.5M
Total Long-Term Liabilities $2.244B $2.150B $1.445B
Total Liabilities $2.785B $2.650B $1.869B
YoY Change 19.22% 41.82% 41.93%
SHAREHOLDERS EQUITY
Retained Earnings $1.190B $1.258B $1.372B
YoY Change -4.86% -8.33%
Common Stock $234.3M $222.8M $223.8M
YoY Change 7.67% -0.42%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.221M $1.221M $1.544M
YoY Change -20.92% -20.92%
Treasury Stock Shares 50.58K shares 50.58K shares 81.07K shares
Shareholders Equity $1.415B $1.474B $1.588B
YoY Change
Total Liabilities & Shareholders Equity $4.200B $4.124B $3.456B
YoY Change 10.54% 19.32% 37.21%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income -$67.10M -$38.34M $230.1M
YoY Change -44.41% -116.66% 1389.11%
Depreciation, Depletion And Amortization $204.3M $192.4M $123.1M
YoY Change 22.12% 56.3% 46.9%
Cash From Operating Activities $268.4M $243.3M $119.7M
YoY Change -0.89% 103.26% -19.23%
INVESTING ACTIVITIES
Capital Expenditures -$381.0M -$421.4M -$419.2M
YoY Change -30.92% 0.52% 127.7%
Acquisitions
YoY Change
Other Investing Activities $7.400M $32.90M $229.1M
YoY Change -82.99% -85.64% 653.62%
Cash From Investing Activities -$373.6M -$388.5M -$190.1M
YoY Change -26.46% 104.37% 23.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 111.0M 145.2M -800.0K
YoY Change -66.0% -18250.0% -136.36%
NET CHANGE
Cash From Operating Activities 268.4M 243.3M 119.7M
Cash From Investing Activities -373.6M -388.5M -190.1M
Cash From Financing Activities 111.0M 145.2M -800.0K
Net Change In Cash 5.800M 0.000 -71.20M
YoY Change -93.51% -100.0% 2057.58%
FREE CASH FLOW
Cash From Operating Activities $268.4M $243.3M $119.7M
Capital Expenditures -$381.0M -$421.4M -$419.2M
Free Cash Flow $649.4M $664.7M $538.9M
YoY Change -21.03% 23.34% 62.17%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2011Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
456999000 USD
CY2012Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
474573000 USD
CY2011Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
210368000 USD
CY2012Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
235887000 USD
CY2012Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
20821000 USD
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10714000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4280000 USD
CY2012Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5744000 USD
CY2011Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
216966000 USD
CY2012Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
222812000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5692000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
14698000 USD
CY2011Q4 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
107731000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7305000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
-2935000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
-1804000 USD
CY2012Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
90788000 USD
CY2011Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
87167000 USD
CY2011Q4 us-gaap Assets
Assets
3798980000 USD
CY2012Q3 us-gaap Assets
Assets
4123952000 USD
CY2012Q3 us-gaap Assets Current
AssetsCurrent
325938000 USD
CY2011Q4 us-gaap Assets Current
AssetsCurrent
463204000 USD
CY2012Q3 us-gaap Assets Held For Sale At Carrying Value
AssetsHeldForSaleAtCarryingValue
19503000 USD
CY2011Q4 us-gaap Assets Held For Sale At Carrying Value
AssetsHeldForSaleAtCarryingValue
246000 USD
CY2012Q3 us-gaap Assets Noncurrent
AssetsNoncurrent
196216000 USD
CY2011Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
239140000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
213600000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
271500000 USD
us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
74359000 USD
us-gaap Capitalized Exploratory Well Cost Charged To Expense
CapitalizedExploratoryWellCostChargedToExpense
-18540000 USD
CY2012Q3 us-gaap Capitalized Exploratory Well Cost Charged To Expense
CapitalizedExploratoryWellCostChargedToExpense
3600000 USD
CY2012Q3 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
59243000 USD
CY2011Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
18600000 USD
CY2012Q3 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
0 USD
CY2012Q3 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
59243000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
119194000 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
184000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5077000 USD
CY2011Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29923000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
24846000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-119010000 USD
CY2012Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2011Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2011Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
234368000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
345276000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11425000 USD
CY2011Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
285069000 USD
CY2012Q3 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
0 USD
us-gaap Costs And Expenses
CostsAndExpenses
995014000 USD
CY2012Q3 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
661000 USD
CY2012Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-38650000 USD
CY2011Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2012Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
66121809 shares
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
64145482 shares
CY2012Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
66071228 shares
CY2011Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
64064415 shares
CY2011Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
641000 USD
CY2012Q3 us-gaap Costs And Expenses
CostsAndExpenses
421787000 USD
CY2011Q3 us-gaap Costs And Expenses
CostsAndExpenses
157786000 USD
us-gaap Costs And Expenses
CostsAndExpenses
659253000 USD
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
29855000 USD
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2011Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
20699000 USD
CY2012Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
435000 USD
CY2012Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
174000 USD
CY2011Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
637000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1036000 USD
CY2012Q3 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
90389000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
164251000 USD
CY2011Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
112010000 USD
CY2012Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-22910000 USD
CY2012Q3 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
5746000 USD
CY2011Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
4222000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
568263000 USD
CY2012Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
573577000 USD
CY2012Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-197000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-591000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-304000 USD
CY2011Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-102000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
13000 USD
CY2012Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
4000 USD
CY2011Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
0 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
0 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
660000 USD
CY2011Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
220000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
858000 USD
CY2012Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
286000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1034000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
888000 USD
CY2012Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
345000 USD
CY2011Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
296000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
4477000 USD
CY2012Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1492000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
3382000 USD
CY2011Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1128000 USD
CY2011Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
950000 USD
CY2012Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1232000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2850000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3697000 USD
CY2011Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
31062000 USD
CY2012Q3 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
22383000 USD
CY2011Q4 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
55813000 USD
CY2012Q3 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
41865000 USD
CY2011Q4 us-gaap Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
42806000 USD
CY2012Q3 us-gaap Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
19352000 USD
CY2012Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
8802000 USD
CY2011Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
12875000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7740000 USD
CY2011Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
107731000 USD
CY2010Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
135850000 USD
CY2011Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
108489000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2346000 USD
CY2011Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
5581000 USD
us-gaap Exploration Expense
ExplorationExpense
66031000 USD
us-gaap Derivatives Hedge Discontinuances Termination Of Hedging Instrument Or Hedged Item
DerivativesHedgeDiscontinuancesTerminationOfHedgingInstrumentOrHedgedItem
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior to January 1, 2011, the Company designated its commodity derivative contracts as cash flow hedges, for which unrealized changes in fair value were recorded to accumulated other comprehensive income (loss) (&#8220;AOCIL&#8221;), to the extent the hedges were effective.&#160;As of January 1, 2011, the Company elected to de-designate all of its commodity derivative contracts that had been previously designated as cash flow hedges at December&#160;31, 2010. As a result, subsequent to December&#160;31, 2010, the Company recognizes all gains and losses from changes in commodity derivative fair values immediately in earnings rather than deferring any such amounts in AOCIL. The Company had no derivatives designated as cash flow hedges for the three-month and nine-month periods ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2012</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">, and as such, no ineffectiveness was recognized in earnings for the respective periods. </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
us-gaap Dividends Common Stock
DividendsCommonStock
3200000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
3300000 USD
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.60
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.58
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.41
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.58
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.99
CY2012Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.372
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.375
CY2011Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.367
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.367
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
15155000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
15155000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
0 USD
us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
49000 USD
us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
18551000 USD
us-gaap Exploration Expense
ExplorationExpense
33587000 USD
CY2011Q3 us-gaap Exploration Expense
ExplorationExpense
11272000 USD
CY2012Q3 us-gaap Exploration Expense
ExplorationExpense
25417000 USD
us-gaap Exploratory Wells Drilled Net Nonproductive
ExploratoryWellsDrilledNetNonproductive
2
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-1753000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-2001000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
-15589000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
-25360000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
90389000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
2338000 USD
CY2011Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-6843000 USD
CY2012Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
501000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-14548000 USD
CY2011Q3 us-gaap Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-132180000 USD
us-gaap Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-108020000 USD
CY2012Q3 us-gaap Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments
66777000 USD
us-gaap Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-7237000 USD
us-gaap Gain Loss On Sale Of Proved Property
GainLossOnSaleOfProvedProperty
-31246000 USD
CY2012Q3 us-gaap Gain Loss On Sale Of Proved Property
GainLossOnSaleOfProvedProperty
-8532000 USD
CY2011Q3 us-gaap Gain Loss On Sale Of Proved Property
GainLossOnSaleOfProvedProperty
190728000 USD
us-gaap Gain Loss On Sale Of Proved Property
GainLossOnSaleOfProvedProperty
245662000 USD
CY2012Q3 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
12219000 USD
us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
57746000 USD
us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
40780000 USD
CY2011Q3 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
20737000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
82958000 USD
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
32171000 USD
CY2011Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
29787000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
91443000 USD
us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
11296000 USD
CY2011Q3 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
0 USD
us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
4316000 USD
CY2012Q3 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
447000 USD
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
48525000 USD
CY2012Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 USD
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
38523000 USD
CY2011Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
48525000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-61072000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
363443000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
20629000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
531269000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
195142000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-22736000 USD
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
133346000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1583000 USD
CY2012Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
3242000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
30766000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-41558000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
20787000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
18682000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-8482000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-2339000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6203000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-14732000 USD
CY2011Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2062000 shares
CY2012Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1870000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2589000 shares
CY2011Q3 us-gaap Interest Expense
InterestExpense
9372000 USD
us-gaap Interest Expense
InterestExpense
45352000 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
18362000 USD
us-gaap Interest Expense
InterestExpense
33636000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
382000 USD
CY2012Q3 us-gaap Interest Income Operating
InterestIncomeOperating
126000 USD
CY2011Q3 us-gaap Interest Income Operating
InterestIncomeOperating
27000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
201000 USD
us-gaap Interest Paid
InterestPaid
-41413000 USD
us-gaap Interest Paid
InterestPaid
-24095000 USD
CY2011Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
16537000 USD
CY2012Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
12718000 USD
CY2012Q3 us-gaap Land
Land
1845000 USD
CY2011Q4 us-gaap Land
Land
1548000 USD
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4123952000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3798980000 USD
CY2012Q3 us-gaap Liabilities Current
LiabilitiesCurrent
499925000 USD
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
505805000 USD
CY2011Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1830235000 USD
CY2012Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
2149985000 USD
CY2012Q3 us-gaap Liabilities Of Assets Held For Sale
LiabilitiesOfAssetsHeldForSale
6000000 USD
CY2011Q4 us-gaap Liabilities Of Assets Held For Sale
LiabilitiesOfAssetsHeldForSale
6000000 USD
CY2012Q3 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
228000000 USD
CY2011Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
0 USD
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Note 1 - The Company and Business</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SM Energy Company (&#8220;SM Energy&#8221; or the &#8220;Company&#8221;) is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (also respectively referred to as &#8220;oil&#8221;, &#8220;gas&#8221;, and &#8220;NGLs&#8221; throughout this report) in onshore North America, with a current focus on oil and NGL-rich resource plays.</font></div></div>
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
292003000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
311100000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-756904000 USD
us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
-17342000 USD
CY2012Q3 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
798000 USD
us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
-24719000 USD
CY2011Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
67853000 USD
CY2012Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
57680000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-906000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1083696000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
653586000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
489747000 USD
CY2011Q3 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
77753000 USD
us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
280713000 USD
us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
196907000 USD
CY2012Q3 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
102447000 USD
CY2012Q3 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
2190507000 USD
CY2011Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
1766445000 USD
us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
935478000 USD
CY2011Q3 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
325231000 USD
CY2012Q3 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
373928000 USD
us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
1049131000 USD
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
372788000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-42836000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
564523000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
65780000 USD
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
83375000 USD
CY2012Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
80062000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
1000 USD
CY2011Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
0 USD
CY2012Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
1000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
9149000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-314000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-1464000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
4271000 USD
CY2012Q3 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
315000 USD
us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-9149000 USD
us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
1465000 USD
CY2011Q3 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-4271000 USD
CY2011Q3 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
-24930000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
5952000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
340000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3208000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3181000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
8719000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
21605000 USD
CY2011Q3 us-gaap Revenues
Revenues
530574000 USD
us-gaap Revenues
Revenues
1060794000 USD
us-gaap Revenues
Revenues
1223776000 USD
CY2012Q3 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
135376000 USD
CY2011Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
71369000 USD
CY2011Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
4378987000 USD
CY2012Q3 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
5197761000 USD
us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
-15176000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
9967000 USD
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
0 USD
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
5604000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
1081617000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
1126755000 USD
CY2012Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
39014000 USD
CY2011Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
68026000 USD
us-gaap Price Risk Cash Flow Hedge Gain Or Loss Reclassified To Earnings Net
PriceRiskCashFlowHedgeGainOrLossReclassifiedToEarningsNet
-1465000 USD
us-gaap Price Risk Cash Flow Hedge Gain Or Loss Reclassified To Earnings Net
PriceRiskCashFlowHedgeGainOrLossReclassifiedToEarningsNet
9149000 USD
CY2012Q3 us-gaap Price Risk Cash Flow Hedge Gain Or Loss Reclassified To Earnings Net
PriceRiskCashFlowHedgeGainOrLossReclassifiedToEarningsNet
-315000 USD
CY2011Q3 us-gaap Price Risk Cash Flow Hedge Gain Or Loss Reclassified To Earnings Net
PriceRiskCashFlowHedgeGainOrLossReclassifiedToEarningsNet
4271000 USD
CY2011Q3 us-gaap Price Risk Derivatives At Fair Value Net
PriceRiskDerivativesAtFairValueNet
31200000 USD
CY2012Q3 us-gaap Price Risk Derivatives At Fair Value Net
PriceRiskDerivativesAtFairValueNet
36100000 USD
CY2011Q1 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
5500000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3421000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5593000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
392223000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
115500000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1234500000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-231000 USD
us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
48663000 USD
us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
325053000 USD
CY2011Q3 us-gaap Profit Loss
ProfitLoss
230097000 USD
us-gaap Profit Loss
ProfitLoss
336127000 USD
us-gaap Profit Loss
ProfitLoss
12889000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
-38336000 USD
CY2012Q3 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
0
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3096636000 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3601798000 USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
287500000 USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1006500000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
163500000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
124703000 USD
CY2012Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
93771000 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1257534000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1251157000 USD
CY2012Q3 us-gaap Revenues
Revenues
378951000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64815000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65745000 shares
CY2012Q3 sm A650 Senior Notes Due2023
A650SeniorNotesDue2023
400000000 USD
CY2011Q4 sm A650 Senior Notes Due2023
A650SeniorNotesDue2023
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
21731000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
19550000 USD
CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1474042000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1462940000 USD
CY2012Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
50581 shares
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
81067 shares
CY2012Q3 us-gaap Treasury Stock Value
TreasuryStockValue
1221000 USD
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1544000 USD
CY2012Q3 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
160468000 USD
CY2011Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
120966000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
108020000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
7237000 USD
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67386000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67343000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65745000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67390000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63665000 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63904000 shares
CY2012Q3 sm Acquisition And Development Agreement Estimated Time To Complete High End Of Range
AcquisitionAndDevelopmentAgreementEstimatedTimeToCompleteHighEndOfRange
3
CY2012Q3 sm Acquisition And Development Agreement Estimated Time To Complete Low End Of Range
AcquisitionAndDevelopmentAgreementEstimatedTimeToCompleteLowEndOfRange
2
CY2011Q4 sm Asset Retirement Obligations Assets Held For Sale Noncurrent
AssetRetirementObligationsAssetsHeldForSaleNoncurrent
1277000 USD
CY2012Q3 sm Asset Retirement Obligations Assets Held For Sale Noncurrent
AssetRetirementObligationsAssetsHeldForSaleNoncurrent
749000 USD
sm Assets Held For Sale Reasonably Certain Period For Sale
AssetsHeldForSaleReasonablyCertainPeriodForSale
1
sm Cash Settlement Gain Loss On Derivative Instruments
CashSettlementGainLossOnDerivativeInstruments
24148000 USD
CY2011Q3 sm Cash Settlement Gain Loss On Derivative Instruments
CashSettlementGainLossOnDerivativeInstruments
3755000 USD
sm Cash Settlement Gain Loss On Derivative Instruments
CashSettlementGainLossOnDerivativeInstruments
-32803000 USD
CY2012Q3 sm Cash Settlement Gain Loss On Derivative Instruments
CashSettlementGainLossOnDerivativeInstruments
-10921000 USD
CY2012Q3 sm Defined Benefit Plan Estimated Employer Contributions In Next Twelve Months
DefinedBenefitPlanEstimatedEmployerContributionsInNextTwelveMonths
5400000 USD
CY2012Q3 sm Defined Benefit Plan Minimum Percentage Of Gains And Losses Greater Of Benefit Obligation Or Market Value Of Assets Amortized
DefinedBenefitPlanMinimumPercentageOfGainsAndLossesGreaterOfBenefitObligationOrMarketValueOfAssetsAmortized
0.10
sm Depletion Depreciation Amortization And Asset Retirement Obligation Liability Accretion
DepletionDepreciationAmortizationAndAssetRetirementObligationLiabilityAccretion
343805000 USD
CY2011Q3 sm Depletion Depreciation Amortization And Asset Retirement Obligation Liability Accretion
DepletionDepreciationAmortizationAndAssetRetirementObligationLiabilityAccretion
123067000 USD
sm Depletion Depreciation Amortization And Asset Retirement Obligation Liability Accretion
DepletionDepreciationAmortizationAndAssetRetirementObligationLiabilityAccretion
523610000 USD
CY2012Q3 sm Depletion Depreciation Amortization And Asset Retirement Obligation Liability Accretion
DepletionDepreciationAmortizationAndAssetRetirementObligationLiabilityAccretion
192432000 USD
sm Depletion Depreciation Amortization And Asset Retirement Obligation Liability Accretion Cash Flow Impact
DepletionDepreciationAmortizationAndAssetRetirementObligationLiabilityAccretionCashFlowImpact
523610000 USD
sm Depletion Depreciation Amortization And Asset Retirement Obligation Liability Accretion Cash Flow Impact
DepletionDepreciationAmortizationAndAssetRetirementObligationLiabilityAccretionCashFlowImpact
343805000 USD
CY2012Q3 sm Discount Rate Used For Fair Value Of Oil And Gas Properties
DiscountRateUsedForFairValueOfOilAndGasProperties
0.12
CY2012Q3 sm Gas Gathering Transportation Marketing Process
GasGatheringTransportationMarketingProcess
13054000 USD
CY2011Q3 sm Gas Gathering Transportation Marketing Process
GasGatheringTransportationMarketingProcess
21458000 USD
sm Gas Gathering Transportation Marketing Process
GasGatheringTransportationMarketingProcess
40571000 USD
sm Gas Gathering Transportation Marketing Process
GasGatheringTransportationMarketingProcess
57184000 USD
CY2012Q3 sm Incremental Common Shares Attributable To Conversion Of Debt Securities Treasury Stock Method
IncrementalCommonSharesAttributableToConversionOfDebtSecuritiesTreasuryStockMethod
0 shares
sm Incremental Common Shares Attributable To Conversion Of Debt Securities Treasury Stock Method
IncrementalCommonSharesAttributableToConversionOfDebtSecuritiesTreasuryStockMethod
1136000 shares
sm Incremental Common Shares Attributable To Conversion Of Debt Securities Treasury Stock Method
IncrementalCommonSharesAttributableToConversionOfDebtSecuritiesTreasuryStockMethod
658000 shares
CY2011Q3 sm Incremental Common Shares Attributable To Conversion Of Debt Securities Treasury Stock Method
IncrementalCommonSharesAttributableToConversionOfDebtSecuritiesTreasuryStockMethod
1420000 shares
sm Period Of New York Mercantile Exchange Strip Pricing Used For Price Forecast
PeriodOfNewYorkMercantileExchangeStripPricingUsedForPriceForecast
5
sm Proceeds From Issuance Of6625 Senior Notes
ProceedsFromIssuanceOf6625SeniorNotes
0 USD
sm Proceeds From Issuance Of6625 Senior Notes
ProceedsFromIssuanceOf6625SeniorNotes
341122000 USD
CY2012Q3 sm Retainedshareofdrillingandcompletioncosts
Retainedshareofdrillingandcompletioncosts
0.1
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
66077484 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Central Index Key
EntityCentralIndexKey
0000893538
CY2011Q4 sm Senior Notes650 Noncurrent
SeniorNotes650Noncurrent
350000000 USD
CY2012Q3 sm Senior Notes650 Noncurrent
SeniorNotes650Noncurrent
350000000 USD
CY2012Q3 sm Senior Notes6625 Noncurrent
SeniorNotes6625Noncurrent
350000000 USD
CY2011Q4 sm Senior Notes6625 Noncurrent
SeniorNotes6625Noncurrent
350000000 USD
sm Share Based Compensation Arrangement By Share Based Payment Award Performance Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod
P3Y
sm Unrealized And Realized Derivative Gain Loss
UnrealizedAndRealizedDerivativeGainLoss
83872000 USD
CY2011Q3 sm Unrealized And Realized Derivative Gain Loss
UnrealizedAndRealizedDerivativeGainLoss
128425000 USD
CY2012Q3 sm Unrealized And Realized Derivative Gain Loss
UnrealizedAndRealizedDerivativeGainLoss
-55856000 USD
sm Unrealized And Realized Derivative Gain Loss
UnrealizedAndRealizedDerivativeGainLoss
40040000 USD
CY2012Q3 sm Wells In Progress
WellsInProgress
264634000 USD
CY2011Q4 sm Wells In Progress
WellsInProgress
273428000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
SM Energy Co

Files In Submission

Name View Source Status
0000893538-12-000058-index-headers.html Edgar Link pending
0000893538-12-000058-index.html Edgar Link pending
0000893538-12-000058.txt Edgar Link pending
0000893538-12-000058-xbrl.zip Edgar Link pending
exhibit9919302012.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
sm-20120930.xml Edgar Link completed
sm-20120930.xsd Edgar Link pending
sm-20120930_cal.xml Edgar Link unprocessable
sm-20120930_def.xml Edgar Link unprocessable
sm-20120930_lab.xml Edgar Link unprocessable
sm-20120930_pre.xml Edgar Link unprocessable
sm-311certificationtbest93.htm Edgar Link pending
sm-312certificationwpursel.htm Edgar Link pending
sm-321906certifications930.htm Edgar Link pending
sm-9302012x10q.htm Edgar Link pending
sm.jpg Edgar Link pending