$SM
SM Energy Co

2013 Q4 Form 10-Q Financial Statement

#000089353813000053 Filed on October 30, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $608.2M $613.1M $379.0M
YoY Change 38.2% 61.79% -28.58%
Cost Of Revenue $162.8M $158.9M $102.4M
YoY Change 46.4% 55.18% 31.62%
Gross Profit $445.5M $460.4M $285.0M
YoY Change 35.45% 61.54% 8.74%
Gross Profit Margin 73.25% 75.09% 75.21%
Selling, General & Admin $48.00M $33.90M $32.20M
YoY Change 69.01% 5.28% 8.05%
% of Gross Profit 10.77% 7.36% 11.3%
Research & Development $21.80M $16.30M $25.40M
YoY Change -9.92% -35.83% 124.78%
% of Gross Profit 4.89% 3.54% 8.91%
Depreciation & Amortization $202.7M $195.8M $192.4M
YoY Change -0.78% 1.77% 56.3%
% of Gross Profit 45.5% 42.53% 67.51%
Operating Expenses $273.5M $267.0M $263.0M
YoY Change 5.56% 1.52% 64.48%
Operating Profit $172.0M $137.5M -$42.84M
YoY Change 146.42% -420.95% -111.49%
Interest Expense -$36.10M $24.49M $18.36M
YoY Change 1189.29% 33.36% 95.92%
% of Operating Profit -20.99% 17.81%
Other Income/Expense, Net $0.00 $28.00K $100.0K
YoY Change -72.0%
Pretax Income $15.80M $113.0M -$61.07M
YoY Change -115.18% -285.07% -116.8%
Income Tax $8.800M $42.33M -$22.74M
% Of Pretax Income 55.7% 37.46%
Net Earnings $7.000M $70.69M -$38.34M
YoY Change -110.43% -284.4% -116.66%
Net Earnings / Revenue 1.15% 11.53% -10.12%
Basic Earnings Per Share $1.06 -$0.58
Diluted Earnings Per Share $102.8K $1.04 -$0.58
COMMON SHARES
Basic Shares Outstanding 66.99M shares 66.94M shares 65.75M shares
Diluted Shares Outstanding 68.25M shares 65.75M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $282.2M $200.0K $200.0K
YoY Change 4683.05% 0.0% -99.33%
Cash & Equivalents $282.2M $176.0K $184.0K
Short-Term Investments
Other Short-Term Assets $42.20M $64.70M $86.60M
YoY Change -44.84% -25.29% -4.63%
Inventory
Prepaid Expenses
Receivables $318.4M $278.1M $235.9M
Other Receivables $28.10M $2.900M $3.200M
Total Short-Term Assets $647.5M $345.9M $325.9M
YoY Change 90.13% 6.12% 6.97%
LONG-TERM ASSETS
Property, Plant & Equipment $3.860B $4.181B $3.602B
YoY Change 4.97% 16.09% 18.38%
Goodwill
YoY Change
Intangibles $10.80M
YoY Change 0.0%
Long-Term Investments
YoY Change
Other Assets $70.21M $86.28M $80.06M
YoY Change -10.6% 7.76% 15.78%
Total Long-Term Assets $197.9M $209.6M $196.2M
YoY Change 8.86% 6.84% 79.95%
TOTAL ASSETS
Total Short-Term Assets $647.5M $345.9M $325.9M
Total Long-Term Assets $197.9M $209.6M $196.2M
Total Assets $4.705B $4.737B $4.124B
YoY Change 12.04% 14.86% 19.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $606.8M $601.1M $474.6M
YoY Change 15.45% 26.65% 18.53%
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 $639.1M $629.8M $499.9M
YoY Change 18.02% 25.97% 18.04%
LONG-TERM LIABILITIES
Long-Term Debt $1.600B $1.628B $1.328B
YoY Change 11.11% 22.59% 109.93%
Other Long-Term Liabilities $28.77M $47.02M $57.68M
YoY Change -56.64% -18.49% 231.82%
Total Long-Term Liabilities $2.459B $2.520B $2.150B
YoY Change 9.61% 17.22% 48.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $639.1M $629.8M $499.9M
Total Long-Term Liabilities $2.459B $2.520B $2.150B
Total Liabilities $3.098B $3.150B $2.650B
YoY Change 11.25% 18.87% 41.82%
SHAREHOLDERS EQUITY
Retained Earnings $1.355B $1.348B $1.258B
YoY Change 13.8% 7.17% -8.33%
Common Stock $258.4M $247.8M $222.8M
YoY Change 10.28% 11.23% -0.42%
Preferred Stock
YoY Change
Treasury Stock (at cost) $823.0K $823.0K $1.221M
YoY Change -32.6% -32.6% -20.92%
Treasury Stock Shares 22.41K shares 22.41K shares 50.58K shares
Shareholders Equity $1.607B $1.587B $1.474B
YoY Change
Total Liabilities & Shareholders Equity $4.705B $4.737B $4.124B
YoY Change 12.04% 14.86% 19.32%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $7.000M $70.69M -$38.34M
YoY Change -110.43% -284.4% -116.66%
Depreciation, Depletion And Amortization $202.7M $195.8M $192.4M
YoY Change -0.78% 1.77% 56.3%
Cash From Operating Activities $337.6M $404.5M $243.3M
YoY Change 25.78% 66.26% 103.26%
INVESTING ACTIVITIES
Capital Expenditures -$432.1M -$387.4M -$421.4M
YoY Change 13.41% -8.07% 0.52%
Acquisitions
YoY Change
Other Investing Activities $405.6M -$1.200M $32.90M
YoY Change 5381.08% -103.65% -85.64%
Cash From Investing Activities -$26.50M -$388.6M -$388.5M
YoY Change -92.91% 0.03% 104.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -29.10M -15.90M 145.2M
YoY Change -126.22% -110.95% -18250.0%
NET CHANGE
Cash From Operating Activities 337.6M 404.5M 243.3M
Cash From Investing Activities -26.50M -388.6M -388.5M
Cash From Financing Activities -29.10M -15.90M 145.2M
Net Change In Cash 282.0M -0.00000008941 0.000
YoY Change 4762.07% -100.0%
FREE CASH FLOW
Cash From Operating Activities $337.6M $404.5M $243.3M
Capital Expenditures -$432.1M -$387.4M -$421.4M
Free Cash Flow $769.7M $791.9M $664.7M
YoY Change 18.52% 19.14% 23.34%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<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-style:italic;">Discontinuance of Cash Flow Hedge Accounting</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;">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 AOCIL, 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, 2013</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2012</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
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11296000 USD
us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
8459000 USD
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
61706000 USD
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
38523000 USD
CY2013Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
5935000 USD
CY2012Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20629000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
262860000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-61072000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
113024000 USD
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42334000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7740000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-22736000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
98921000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1583000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
259000 USD
CY2012Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
3364000 USD
CY2013Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
2854000 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
72704000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
18682000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
45209000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-2339000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-510000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2971000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6203000 USD
CY2013Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
658000 shares
CY2012Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1483000 shares
CY2012Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2013Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1310000 shares
CY2013Q3 us-gaap Interest Expense
InterestExpense
24488000 USD
us-gaap Interest Expense
InterestExpense
65170000 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
18362000 USD
us-gaap Interest Expense
InterestExpense
45352000 USD
CY2012Q3 us-gaap Interest Income Operating
InterestIncomeOperating
126000 USD
CY2013Q3 us-gaap Interest Income Operating
InterestIncomeOperating
28000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
201000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
64000 USD
us-gaap Interest Paid
InterestPaid
-59841000 USD
us-gaap Interest Paid
InterestPaid
-41413000 USD
CY2012Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
13444000 USD
CY2013Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
14115000 USD
CY2012Q4 us-gaap Land
Land
1845000 USD
CY2013Q3 us-gaap Land
Land
1857000 USD
CY2012Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
800000 USD
CY2013Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
800000 USD
CY2013Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
800000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4199529000 USD
CY2013Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4736845000 USD
CY2013Q3 us-gaap Liabilities Current
LiabilitiesCurrent
629779000 USD
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
541546000 USD
CY2012Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
2243517000 USD
CY2013Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
2520282000 USD
CY2013Q3 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
28000000 USD
CY2012Q4 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
340000000 USD
CY2013Q4 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
59000000 USD
CY2013Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
1300000000 USD
CY2013Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
2500000000 USD
CY2013Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
1271200000 USD
CY2012Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
659200000 USD
CY2013Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
1240200000 USD
CY2013Q3 us-gaap Litigation Reserve
LitigationReserve
17800000 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 and condensate, 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 liquids-rich resource plays.</font></div></div>
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
311100000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
159754000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1083696000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1166373000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1000869000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
653586000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1464000 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
78529000 USD
CY2013Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
86278000 USD
us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
434291000 USD
us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
280713000 USD
CY2012Q3 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
102447000 USD
CY2013Q3 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
158921000 USD
CY2012Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
2376170000 USD
CY2013Q3 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
2418939000 USD
us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
1605882000 USD
CY2013Q3 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
601787000 USD
CY2012Q3 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
373928000 USD
us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
1049131000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
65780000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
327966000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
137484000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-42836000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
308000 USD
us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
5604000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-314000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1112000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
3000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
0 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-315000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
1115000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-1465000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
308000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
40780000 USD
CY2013Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
20084000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
71192000 USD
CY2012Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
12219000 USD
CY2012Q3 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
798000 USD
us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
-6423000 USD
us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
-17342000 USD
CY2013Q3 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
940000 USD
CY2012Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
6920000 USD
CY2013Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
6000000 USD
CY2013Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
47016000 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
66357000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-906000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2929000 USD
us-gaap Other Operating Income
OtherOperatingIncome
40571000 USD
us-gaap Other Operating Income
OtherOperatingIncome
53052000 USD
CY2013Q3 us-gaap Other Operating Income
OtherOperatingIncome
18025000 USD
CY2012Q3 us-gaap Other Operating Income
OtherOperatingIncome
13054000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3509000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3314000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3208000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3444000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16203000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
21605000 USD
us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
62007000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
1126755000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
1121355000 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
30017000 USD
CY2013Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
10498000 USD
CY2013Q3 us-gaap Price Risk Cash Flow Hedge Gain Or Loss Reclassified To Earnings Net
PriceRiskCashFlowHedgeGainOrLossReclassifiedToEarningsNet
308000 USD
us-gaap Price Risk Cash Flow Hedge Gain Or Loss Reclassified To Earnings Net
PriceRiskCashFlowHedgeGainOrLossReclassifiedToEarningsNet
1115000 USD
us-gaap Price Risk Cash Flow Hedge Gain Or Loss Reclassified To Earnings Net
PriceRiskCashFlowHedgeGainOrLossReclassifiedToEarningsNet
-1465000 USD
CY2012Q3 us-gaap Price Risk Cash Flow Hedge Gain Or Loss Reclassified To Earnings Net
PriceRiskCashFlowHedgeGainOrLossReclassifiedToEarningsNet
-315000 USD
CY2013Q3 us-gaap Price Risk Derivatives At Fair Value Net
PriceRiskDerivativesAtFairValueNet
42400000 USD
CY2012Q3 us-gaap Price Risk Derivatives At Fair Value Net
PriceRiskDerivativesAtFairValueNet
38700000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4450000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3421000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
976500000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1234500000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-231000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-9000 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
20498000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
70690000 USD
us-gaap Profit Loss
ProfitLoss
163939000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
-38336000 USD
us-gaap Profit Loss
ProfitLoss
12889000 USD
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4181338000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3677197000 USD
CY2012Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
153559000 USD
CY2013Q3 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
203799000 USD
CY2013Q3 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
5414842000 USD
CY2012Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
5401684000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1288500000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1006500000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
287500000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
86773000 USD
CY2013Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
94700000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1190397000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1347674000 USD
us-gaap Revenues
Revenues
1656647000 USD
CY2012Q3 us-gaap Revenues
Revenues
378951000 USD
CY2013Q3 us-gaap Revenues
Revenues
613107000 USD
us-gaap Revenues
Revenues
1060794000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1586784000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1414466000 USD
CY2013Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
22412 shares
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
50581 shares
CY2013Q3 us-gaap Treasury Stock Value
TreasuryStockValue
823000 USD
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1221000 USD
CY2012Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
175287000 USD
CY2013Q3 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
263662000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
14685000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
40040000 USD
CY2012Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-55856000 USD
CY2013Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-39933000 USD
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65745000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68253000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67969000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67343000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66943000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66486000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65745000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64815000 shares
CY2012Q4 sm A5 Senior Notes Due2024
A5SeniorNotesDue2024
0 USD
CY2013Q3 sm A5 Senior Notes Due2024
A5SeniorNotesDue2024
500000000 USD
CY2012Q4 sm A650 Senior Notes Due2021
A650SeniorNotesDue2021
350000000 USD
CY2013Q3 sm A650 Senior Notes Due2021
A650SeniorNotesDue2021
350000000 USD
CY2012Q4 sm A650 Senior Notes Due2023
A650SeniorNotesDue2023
400000000 USD
CY2013Q3 sm A650 Senior Notes Due2023
A650SeniorNotesDue2023
400000000 USD
CY2013Q3 sm A6625 Senior Notes Due2019
A6625SeniorNotesDue2019
350000000 USD
CY2012Q4 sm A6625 Senior Notes Due2019
A6625SeniorNotesDue2019
350000000 USD
CY2013Q3 sm Asset Retirement Obligations Assets Held For Sale Noncurrent
AssetRetirementObligationsAssetsHeldForSaleNoncurrent
25339000 USD
CY2012Q4 sm Asset Retirement Obligations Assets Held For Sale Noncurrent
AssetRetirementObligationsAssetsHeldForSaleNoncurrent
1393000 USD
sm Assets Held For Sale Reasonably Certain Period For Sale
AssetsHeldForSaleReasonablyCertainPeriodForSale
1
CY2013Q3 sm Pension And Other Post Retirement Benefit Plans Gain Loss Amortization Threshold
PensionAndOtherPostRetirementBenefitPlansGainLossAmortizationThreshold
0.10
sm Period Of New York Mercantile Exchange Strip Pricing Used For Price Forecast
PeriodOfNewYorkMercantileExchangeStripPricingUsedForPriceForecast
5
sm Proceeds From Debt Issuance Net Of Issuance Costs5 Senior Notes
ProceedsFromDebtIssuanceNetOfIssuanceCosts5SeniorNotes
0 USD
sm Proceeds From Debt Issuance Net Of Issuance Costs5 Senior Notes
ProceedsFromDebtIssuanceNetOfIssuanceCosts5SeniorNotes
490274000 USD
sm Proceeds From Debt Issuance Net Of Issuance Costs650 Senior Notes Due2023
ProceedsFromDebtIssuanceNetOfIssuanceCosts650SeniorNotesDue2023
0 USD
CY2013Q3 sm Borrowing Base Line Of Credit
BorrowingBaseLineOfCredit
2200000000 USD
CY2013Q2 sm Borrowing Base Line Of Credit
BorrowingBaseLineOfCredit
1775000000 USD
CY2013Q2 sm Borrowing Base Line Of Credit
BorrowingBaseLineOfCredit
1900000000 USD
sm Cash Settlement Gain Loss On Derivative Instruments
CashSettlementGainLossOnDerivativeInstruments
12715000 USD
sm Cash Settlement Gain Loss On Derivative Instruments
CashSettlementGainLossOnDerivativeInstruments
32803000 USD
CY2013Q3 sm Cash Settlement Gain Loss On Derivative Instruments
CashSettlementGainLossOnDerivativeInstruments
1288000 USD
CY2012Q3 sm Cash Settlement Gain Loss On Derivative Instruments
CashSettlementGainLossOnDerivativeInstruments
-10921000 USD
sm Depletion Depreciation Amortization And Asset Retirement Obligation Liability Accretion
DepletionDepreciationAmortizationAndAssetRetirementObligationLiabilityAccretion
620232000 USD
sm Depletion Depreciation Amortization And Asset Retirement Obligation Liability Accretion
DepletionDepreciationAmortizationAndAssetRetirementObligationLiabilityAccretion
523610000 USD
CY2013Q3 sm Depletion Depreciation Amortization And Asset Retirement Obligation Liability Accretion
DepletionDepreciationAmortizationAndAssetRetirementObligationLiabilityAccretion
195792000 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
620232000 USD
sm Depletion Depreciation Amortization And Asset Retirement Obligation Liability Accretion Cash Flow Impact
DepletionDepreciationAmortizationAndAssetRetirementObligationLiabilityAccretionCashFlowImpact
523610000 USD
CY2012Q4 sm Derivative Asset Fair Value Amount Offset Against Collateral Net
DerivativeAssetFairValueAmountOffsetAgainstCollateralNet
40939000 USD
CY2013Q3 sm Derivative Asset Fair Value Amount Offset Against Collateral Net
DerivativeAssetFairValueAmountOffsetAgainstCollateralNet
42739000 USD
CY2012Q4 sm Derivative Liability Fair Value Amount Offset Against Collateral Net
DerivativeLiabilityFairValueAmountOffsetAgainstCollateralNet
-2244000 USD
CY2013Q3 sm Derivative Liability Fair Value Amount Offset Against Collateral Net
DerivativeLiabilityFairValueAmountOffsetAgainstCollateralNet
-296000 USD
CY2013Q3 sm Discount Rate Used For Fair Value Of Oil And Gas Properties
DiscountRateUsedForFairValueOfOilAndGasProperties
0.12
sm Line Of Credit Covenant Compliance Maximum Annual Dividend Payment
LineOfCreditCovenantComplianceMaximumAnnualDividendPayment
50000000 USD
sm Proceeds From Debt Issuance Net Of Issuance Costs650 Senior Notes Due2023
ProceedsFromDebtIssuanceNetOfIssuanceCosts650SeniorNotesDue2023
392223000 USD
CY2013Q3 sm Reduction In Borrowing Base As Percent Of Senior Debt Prinicipal
ReductionInBorrowingBaseAsPercentOfSeniorDebtPrinicipal
0.25
CY2012Q4 sm Wells In Progress
WellsInProgress
273928000 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
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000893538
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
66988132 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
SM Energy Co
CY2012Q3 sm Unrealized And Realized Derivative Gain Loss
UnrealizedAndRealizedDerivativeGainLoss
-55856000 USD
sm Unrealized And Realized Derivative Gain Loss
UnrealizedAndRealizedDerivativeGainLoss
14685000 USD
sm Unrealized And Realized Derivative Gain Loss
UnrealizedAndRealizedDerivativeGainLoss
40040000 USD
CY2013Q3 sm Unrealized And Realized Derivative Gain Loss
UnrealizedAndRealizedDerivativeGainLoss
-39933000 USD
CY2013Q3 sm Wells In Progress
WellsInProgress
301609000 USD

Files In Submission

Name View Source Status
0000893538-13-000053-index-headers.html Edgar Link pending
0000893538-13-000053-index.html Edgar Link pending
0000893538-13-000053.txt Edgar Link pending
0000893538-13-000053-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
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R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
sm-20130930.xml Edgar Link completed
sm-20130930.xsd Edgar Link pending
sm-20130930_cal.xml Edgar Link unprocessable
sm-20130930_def.xml Edgar Link unprocessable
sm-20130930_lab.xml Edgar Link unprocessable
sm-20130930_pre.xml Edgar Link unprocessable
sm-311certificationtbest93.htm Edgar Link pending
sm-312certificationwpursel.htm Edgar Link pending
sm-321906certifications930.htm Edgar Link pending
sm-9302013x10q.htm Edgar Link pending
sma02.jpg Edgar Link pending