$SM
SM Energy Co Stock $sm

$sm Overview Financials Valuation SEC Filings Company Website

2015 Q1 Form 10-Q Financial Statement

#000089353815000018 Filed on May 06, 2015

Income Statement

Concept	2015 Q1	2014 Q4	2014 Q1
Revenue	$365.9M	$595.2M	$632.7M
YoY Change	-42.16%	-2.14%	30.68%
Cost Of Revenue	$196.2M	$196.2M	$163.7M
YoY Change	19.85%	20.52%	30.33%
Gross Profit	$205.6M	$399.0M	$469.0M
YoY Change	-56.16%	-10.44%	30.82%
Gross Profit Margin	56.18%	67.04%	74.12%
Selling, General & Admin	$43.60M	$52.20M	$35.10M
YoY Change	24.22%	8.75%	8.67%
% of Gross Profit	21.21%	13.08%	7.48%
Research & Development	$37.40M	$49.70M	$21.30M
YoY Change	75.59%	127.98%	38.31%
% of Gross Profit	18.19%	12.46%	4.54%
Depreciation & Amortization	$217.4M	$219.2M	$177.2M
YoY Change	22.69%	8.14%	-10.82%
% of Gross Profit	105.74%	54.94%	37.78%
Operating Expenses	$311.2M	$316.2M	$239.9M
YoY Change	29.72%	15.61%	-7.84%
Operating Profit	-$54.44M	$82.80M	$128.6M
YoY Change	-142.32%	-51.86%	178.44%
Interest Expense	$32.65M	$589.0M	$24.19M
YoY Change	34.96%	-1731.58%	26.64%
% of Operating Profit		711.35%	18.81%
Other Income/Expense, Net	$571.0K	-$100.0K	$26.00K
YoY Change	2096.15%
Pretax Income	-$86.51M	$530.7M	$104.5M
YoY Change	-182.81%	3258.86%	285.37%
Income Tax	-$33.45M	$199.0M	$38.86M
% Of Pretax Income		37.5%	37.2%
Net Earnings	-$53.06M	$331.7M	$65.61M
YoY Change	-180.87%	4638.57%	292.22%
Net Earnings / Revenue	-14.5%	55.73%	10.37%
Basic Earnings Per Share	-$0.79		$0.98
Diluted Earnings Per Share	-$0.79	$4.921M	$0.96
COMMON SHARES
Basic Shares Outstanding	67.46M shares	67.41M shares	67.06M shares
Diluted Shares Outstanding	67.46M shares		68.13M shares

Balance Sheet

Concept	2015 Q1	2014 Q4	2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$0.00	$100.0K	$236.4M
YoY Change	-100.0%	-99.96%	236300.0%
Cash & Equivalents	$22.00K	$120.0K	$236.4M
Short-Term Investments
Other Short-Term Assets	$398.7M	$462.1M	$33.10M
YoY Change	1104.53%	995.02%	-45.83%
Inventory
Prepaid Expenses
Receivables	$270.8M	$322.6M	$307.8M
Other Receivables	$0.00	$102.5M	$0.00
Total Short-Term Assets	$669.6M	$745.0M	$577.3M
YoY Change	15.99%	15.06%	80.31%
LONG-TERM ASSETS
Property, Plant & Equipment	$5.643B	$5.504B	$4.005B
YoY Change	40.91%	42.6%	5.91%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$83.11M	$44.66M	$69.33M
YoY Change	19.87%	-36.39%	-8.35%
Total Long-Term Assets	$288.0M	$234.2M	$107.0M
YoY Change	169.18%	18.36%	-44.0%
TOTAL ASSETS
Total Short-Term Assets	$669.6M	$745.0M	$577.3M
Total Long-Term Assets	$288.0M	$234.2M	$107.0M
Total Assets	$6.601B	$6.483B	$4.689B
YoY Change	40.77%	37.79%	9.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$561.1M		$443.4M
YoY Change	26.54%		-7.68%
Accrued Expenses		$567.9M
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	$696.3M	$784.7M	$515.3M
YoY Change	35.12%	22.77%	1.0%
LONG-TERM LIABILITIES
Long-Term Debt	$2.617B	$2.332B	$1.600B
YoY Change	63.53%	45.78%	4.58%
Other Long-Term Liabilities	$39.68M	$39.63M	$25.81M
YoY Change	53.72%	37.75%	-55.4%
Total Long-Term Liabilities	$3.668B	$3.412B	$2.498B
YoY Change	46.83%	38.74%	6.52%
TOTAL LIABILITIES
Total Short-Term Liabilities	$696.3M	$784.7M	$515.3M
Total Long-Term Liabilities	$3.668B	$3.412B	$2.498B
Total Liabilities	$4.364B	$4.196B	$3.014B
YoY Change	44.83%	35.44%	5.54%
SHAREHOLDERS EQUITY
Retained Earnings	$1.958B	$2.014B	$1.417B
YoY Change	38.17%	48.67%	17.7%
Common Stock	$290.0M	$284.0M	$264.7M
YoY Change	9.53%	9.9%	8.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)		$0.00	$823.0K
YoY Change		-100.0%	-32.6%
Treasury Stock Shares	0.000 shares	0.000 shares	22.41K shares
Shareholders Equity	$2.236B	$2.287B	$1.675B
YoY Change
Total Liabilities & Shareholders Equity	$6.601B	$6.483B	$4.689B
YoY Change	40.77%	37.79%	9.24%

Cashflow Statement

Concept	2015 Q1	2014 Q4	2014 Q1
OPERATING ACTIVITIES
Net Income	-$53.06M	$331.7M	$65.61M
YoY Change	-180.87%	4638.57%	292.22%
Depreciation, Depletion And Amortization	$217.4M	$219.2M	$177.2M
YoY Change	22.69%	8.14%	-10.82%
Cash From Operating Activities	$283.9M	$381.5M	$299.7M
YoY Change	-5.27%	13.0%	6.18%
INVESTING ACTIVITIES
Capital Expenditures	-$555.0M	-$742.3M	-$351.7M
YoY Change	57.8%	71.79%	-7.74%
Acquisitions
YoY Change
Other Investing Activities	$997.0K	-$600.0K	-$4.227M
YoY Change	-123.59%	-100.15%	-308.74%
Cash From Investing Activities	-$534.5M	-$742.7M	-$345.5M
YoY Change	54.68%	2702.64%	-8.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$250.4M	361.1M	-$8.000K
YoY Change	-3130575.0%	-1340.89%	-100.01%
NET CHANGE
Cash From Operating Activities	$283.9M	381.5M	$299.7M
Cash From Investing Activities	-$534.5M	-742.7M	-$345.5M
Cash From Financing Activities	$250.4M	361.1M	-$8.000K
Net Change In Cash	-$98.00K	-100.0K	-$45.81M
YoY Change	-99.79%	-100.04%	684.6%
FREE CASH FLOW
Cash From Operating Activities	$283.9M	$381.5M	$299.7M
Capital Expenditures	-$555.0M	-$742.3M	-$351.7M
Free Cash Flow	$838.9M	$1.124B	$651.4M
YoY Change	28.78%	46.0%	-1.82%

Facts In Submission

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CY2015Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-45416000	USD
CY2014Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-9347000	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-69527000	USD
CY2014Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-885000	USD
CY2015Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-1281000	USD
CY2014Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1070000	shares
CY2015Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2014Q1	us-gaap	Interest Expense InterestExpense	24190000	USD
CY2015Q1	us-gaap	Interest Expense InterestExpense	32647000	USD
CY2014Q1	us-gaap	Interest Paid Net InterestPaidNet	37851000	USD
CY2015Q1	us-gaap	Interest Paid Net InterestPaidNet	34059000	USD
CY2014Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6516700000	USD
CY2015Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6600686000	USD
CY2014Q4	us-gaap	Liabilities Current LiabilitiesCurrent	784660000	USD
CY2015Q1	us-gaap	Liabilities Current LiabilitiesCurrent	696255000	USD
CY2014Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3445385000	USD
CY2015Q1	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3668203000	USD
CY2014Q4	us-gaap	Line Of Credit LineOfCredit	166000000	USD
CY2015Q1	us-gaap	Line Of Credit LineOfCredit	416500000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-8000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	250438000	USD
CY2014Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	26000	USD
CY2015Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	571000	USD
CY2014Q1	us-gaap	Other Operating Income OtherOperatingIncome	6653000	USD
CY2015Q1	us-gaap	Other Operating Income OtherOperatingIncome	8421000	USD
CY2014Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-4227000	USD
CY2015Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	997000	USD
CY2014Q1	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	-195000	USD
CY2015Q1	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	10069000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-345533000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-534458000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	299728000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	283922000	USD
CY2014Q1	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	163709000	USD
CY2015Q1	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	196151000	USD
CY2014Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	3233012000	USD
CY2015Q1	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	2865627000	USD
CY2014Q1	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	623109000	USD
CY2015Q1	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	393315000	USD
CY2014Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	128634000	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-54435000	USD
CY2014Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	78214000	USD
CY2015Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	83109000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	0	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-176000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	0	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	176000	USD
CY2014Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	8089000	USD
CY2015Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	17119000	USD
CY2014Q1	us-gaap	Other Labor Related Expenses OtherLaborRelatedExpenses	-1776000	USD
CY2015Q1	us-gaap	Other Labor Related Expenses OtherLaborRelatedExpenses	-4334000	USD
CY2014Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1000000	USD
CY2015Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	0	USD
CY2014Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	39631000	USD
CY2015Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	39676000	USD
CY2014Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	3103000	USD
CY2015Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-1496000	USD
CY2014Q1	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	351934000	USD
CY2015Q1	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	544965000	USD
CY2014Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	19625000	USD
CY2015Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	18147000	USD
CY2014Q4	us-gaap	Price Risk Derivatives At Fair Value Net PriceRiskDerivativesAtFairValueNet	592100000	USD
CY2015Q1	us-gaap	Price Risk Derivatives At Fair Value Net PriceRiskDerivativesAtFairValueNet	585100000	USD
CY2014Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	USD
CY2015Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	560000000	USD
CY2014Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-8000	USD
CY2015Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-62000	USD
CY2014Q1	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	1979000	USD
CY2015Q1	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	21573000	USD
CY2014Q1	us-gaap	Profit Loss ProfitLoss	65607000	USD
CY2015Q1	us-gaap	Profit Loss ProfitLoss	-53058000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5503903000	USD
CY2015Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5643093000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	334356000	USD
CY2015Q1	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	344670000	USD
CY2014Q4	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	7348436000	USD
CY2015Q1	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	7006832000	USD
CY2014Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2015Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	309500000	USD
CY2014Q1	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	177215000	USD
CY2015Q1	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	217401000	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	2013997000	USD
CY2015Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1957747000	USD
CY2014Q1	us-gaap	Revenues Revenues	632720000	USD
CY2015Q1	us-gaap	Revenues Revenues	365934000	USD
CY2014Q4	us-gaap	Senior Notes SeniorNotes	2200000000	USD
CY2015Q1	us-gaap	Senior Notes SeniorNotes	2200000000	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2286655000	USD
CY2015Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2236228000	USD
CY2014Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	0	shares
CY2015Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	0	shares
CY2014Q4	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	532498000	USD
CY2015Q1	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	512461000	USD
CY2014Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	68126000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	67463000	shares
CY2014Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	67056000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	67463000	shares
CY2015Q1	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 (“SM Energy” or the “Company”) 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 “oil,” “gas,” and “NGLs” throughout this report) in onshore North America.</font></div></div>

Files In Submission

Name	View Source	Status
0000893538-15-000018-index-headers.html	Edgar Link	pending
0000893538-15-000018-index.html	Edgar Link	pending
0000893538-15-000018.txt	Edgar Link	pending
0000893538-15-000018-xbrl.zip	Edgar Link	pending
exhibit121-ratioofearnings.htm	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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R40.htm	Edgar Link	pending
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R42.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-20150331.xml	Edgar Link	completed
sm-20150331.xsd	Edgar Link	pending
sm-20150331_cal.xml	Edgar Link	unprocessable
sm-20150331_def.xml	Edgar Link	unprocessable
sm-20150331_lab.xml	Edgar Link	unprocessable
sm-20150331_pre.xml	Edgar Link	unprocessable
sm-311certificationjottoso.htm	Edgar Link	pending
sm-312certificationwpursel.htm	Edgar Link	pending
sm-321906certifications331.htm	Edgar Link	pending
sm-3312015x10q.htm	Edgar Link	pending
sma02a02a01a01a01.jpg	Edgar Link	pending

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$SM
SM Energy Co Stock $sm

2015 Q1 Form 10-Q Financial Statement

#000089353815000018 Filed on May 06, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SM SM Energy Co Stock $sm

2015 Q1 Form 10-Q Financial Statement

#000089353815000018 Filed on May 06, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SM
SM Energy Co Stock $sm