$SM
SM Energy Co Stock $sm

$sm Overview Financials Valuation SEC Filings Company Website

2016 Q4 Form 10-Q Financial Statement

#000089353816000218 Filed on November 02, 2016

Income Statement

Concept	2016 Q4	2016 Q3	2015 Q3
Revenue	$346.2M	$352.7M	$371.2M
YoY Change	15.71%	-4.98%	-40.02%
Cost Of Revenue	$151.9M	$152.5M	$184.6M
YoY Change	-10.22%	-17.39%	3.48%
Gross Profit	$194.3M	$177.7M	$184.2M
YoY Change	49.46%	-3.53%	-58.68%
Gross Profit Margin	56.12%	50.39%	49.63%
Selling, General & Admin	$33.30M	$32.70M	$37.80M
YoY Change	-0.89%	-13.49%	-9.35%
% of Gross Profit	17.14%	18.4%	20.52%
Research & Development	$23.70M	$13.50M	$19.70M
YoY Change	-37.47%	-31.47%	-43.06%
% of Gross Profit	12.2%	7.6%	10.69%
Depreciation & Amortization	$171.5M	$194.0M	$243.9M
YoY Change	-28.54%	-20.46%	33.06%
% of Gross Profit	88.27%	109.17%	132.41%
Operating Expenses	$231.6M	$234.2M	$304.1M
YoY Change	-26.52%	-22.99%	17.64%
Operating Profit	-$37.30M	-$17.65M	$32.10M
YoY Change	-79.86%	-154.99%	-91.01%
Interest Expense	-$175.9M	$47.21M	$33.16M
YoY Change	-293.08%	42.37%	46.58%
% of Operating Profit			103.28%
Other Income/Expense, Net	$100.0K	$221.0K	$27.00K
YoY Change	-83.33%	718.52%	-104.02%
Pretax Income	-$330.6M	-$64.64M	-$1.026M
YoY Change	-38.45%	6200.1%	-100.31%
Income Tax	-$129.7M	-$23.73M	-$4.140M
% Of Pretax Income
Net Earnings	-$200.9M	-$40.91M	$3.114M
YoY Change	-40.96%	-1413.65%	-98.51%
Net Earnings / Revenue	-58.03%	-11.6%	0.84%
Basic Earnings Per Share		-$0.52	$0.05
Diluted Earnings Per Share	-$2.193M	-$0.52	$0.05
COMMON SHARES
Basic Shares Outstanding	86.87M shares	78.47M shares	67.96M shares
Diluted Shares Outstanding		78.47M shares	68.12M shares

Balance Sheet

Concept	2016 Q4	2016 Q3	2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$9.400M	$980.7M	$200.0K
YoY Change		490250.0%	-33.33%
Cash & Equivalents	$9.372M	$980.7M	$197.0K
Short-Term Investments
Other Short-Term Assets	$69.80M	$125.1M	$366.4M
YoY Change	-83.36%	-65.86%	445.24%
Inventory
Prepaid Expenses
Receivables	$152.0M	$140.8M	$171.1M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$224.6M	$1.247B	$537.7M
YoY Change	-56.72%	131.85%	44.69%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.081B	$4.365B	$5.451B
YoY Change	22.85%	-19.93%	4.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$19.94M	$18.10M	$77.62M
YoY Change	-37.04%	-76.68%	51.62%
Total Long-Term Assets	$87.52M	$174.1M	$225.1M
YoY Change	-42.57%	-22.66%	205.49%
TOTAL ASSETS
Total Short-Term Assets	$224.6M	$1.247B	$537.7M
Total Long-Term Assets	$87.52M	$174.1M	$225.1M
Total Assets	$6.394B	$5.785B	$6.214B
YoY Change	13.73%	-6.89%	9.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$299.7M	$277.6M	$361.7M
YoY Change		-23.25%	-45.6%
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	$415.2M	$328.6M	$485.2M
YoY Change	37.24%	-32.27%	-27.54%
LONG-TERM LIABILITIES
Long-Term Debt	$2.898B	$2.894B	$2.534B
YoY Change	15.08%	14.22%	27.34%
Other Long-Term Liabilities	$47.24M	$42.54M	$40.34M
YoY Change	-10.76%	5.45%	42.4%
Total Long-Term Liabilities	$3.481B	$3.609B	$3.542B
YoY Change	0.42%	1.89%	16.53%
TOTAL LIABILITIES
Total Short-Term Liabilities	$415.2M	$328.6M	$485.2M
Total Long-Term Liabilities	$3.481B	$3.609B	$3.542B
Total Liabilities	$3.896B	$3.938B	$4.027B
YoY Change	3.37%	-2.22%	8.58%
SHAREHOLDERS EQUITY
Retained Earnings	$794.0M	$995.0M	$1.900B
YoY Change	-49.09%	-47.63%	12.93%
Common Stock	$1.718B	$867.1M	$299.1M
YoY Change	460.8%	189.89%	8.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.497B	$1.848B	$2.187B
YoY Change
Total Liabilities & Shareholders Equity	$6.394B	$5.785B	$6.214B
YoY Change	13.73%	-6.89%	9.77%

Cashflow Statement

Concept	2016 Q4	2016 Q3	2015 Q3
OPERATING ACTIVITIES
Net Income	-$200.9M	-$40.91M	$3.114M
YoY Change	-40.96%	-1413.65%	-98.51%
Depreciation, Depletion And Amortization	$171.5M	$194.0M	$243.9M
YoY Change	-28.54%	-20.46%	33.06%
Cash From Operating Activities	$137.8M	$158.1M	$235.3M
YoY Change	-28.82%	-32.81%	-34.62%
INVESTING ACTIVITIES
Capital Expenditures	-$2.299B	-$151.3M	-$288.3M
YoY Change	888.44%	-47.52%	-67.96%
Acquisitions
YoY Change
Other Investing Activities	$793.3M	$140.7M	$100.0K
YoY Change	3364.19%	140600.0%	-102.94%
Cash From Investing Activities	-$1.506B	-$10.50M	-$288.1M
YoY Change	617.73%	-96.36%	-68.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$530.9M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	399.7M	833.1M	52.90M
YoY Change	2382.61%	1474.86%	-86.08%
NET CHANGE
Cash From Operating Activities	137.8M	158.1M	235.3M
Cash From Investing Activities	-1.506B	-10.50M	-288.1M
Cash From Financing Activities	399.7M	833.1M	52.90M
Net Change In Cash	-968.3M	980.7M	100.0K
YoY Change	968200.0%	980600.0%	-100.06%
FREE CASH FLOW
Cash From Operating Activities	$137.8M	$158.1M	$235.3M
Capital Expenditures	-$2.299B	-$151.3M	-$288.3M
Free Cash Flow	$2.437B	$309.4M	$523.6M
YoY Change	471.77%	-40.91%	-58.44%

Facts In Submission

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CY2016Q3	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	216847000	USD
CY2015Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	8000	USD
CY2016Q3	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	155764000	USD
CY2015Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	488400000	USD
CY2016Q3	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	61100000	USD
CY2015Q3	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	212253000	USD
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	285491000	USD
CY2016Q3	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	28037000	USD
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-121086000	USD
CY2015Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	8000	USD
CY2016Q3	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	51059000	USD
CY2015Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	0	USD
CY2016Q3	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	104705000	USD
CY2015Q4	us-gaap	Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	0	USD
CY2016Q3	us-gaap	Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	19406000	USD
CY2015Q4	us-gaap	Derivative Liability Not Offset Policy Election Deduction DerivativeLiabilityNotOffsetPolicyElectionDeduction	8000	USD
CY2016Q3	us-gaap	Derivative Liability Not Offset Policy Election Deduction DerivativeLiabilityNotOffsetPolicyElectionDeduction	136358000	USD
	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	7748000	USD
CY2015Q3	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	3400000	USD
CY2016Q3	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	4300000	USD
	us-gaap	Early Repayment Of Senior Debt EarlyRepaymentOfSeniorDebt	350000000	USD
	us-gaap	Early Repayment Of Senior Debt EarlyRepaymentOfSeniorDebt	29904000	USD
CY2015Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.59
CY2016Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.52
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-7.78
CY2015Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.59
CY2016Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.52
CY2015Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	4.035
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.422
CY2016Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.367
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.361
CY2015Q3	us-gaap	Exploration Expense ExplorationExpense	19679000	USD
	us-gaap	Exploration Expense ExplorationExpense	82627000	USD
CY2016Q3	us-gaap	Exploration Expense ExplorationExpense	13482000	USD
	us-gaap	Exploration Expense ExplorationExpense	41942000	USD
CY2015Q3	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	212253000	USD
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	285491000	USD
CY2016Q3	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	28037000	USD
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-121086000	USD
CY2015Q3	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	2415000	USD
	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	38497000	USD
CY2016Q3	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	22388000	USD
	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	3413000	USD
CY2015Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-16578000	USD
CY2016Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	15722000	USD
CY2015Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	37782000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	124026000	USD
CY2016Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	32679000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	93117000	USD
CY2015Q3	us-gaap	Impairment Of Leasehold ImpairmentOfLeasehold	6600000	USD
	us-gaap	Impairment Of Leasehold ImpairmentOfLeasehold	24046000	USD
CY2015	us-gaap	Impairment Of Leasehold ImpairmentOfLeasehold	78600000	USD
CY2016Q3	us-gaap	Impairment Of Leasehold ImpairmentOfLeasehold	3568000	USD
	us-gaap	Impairment Of Leasehold ImpairmentOfLeasehold	5917000	USD
CY2015	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	49400000	USD
CY2015Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1026000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-185748000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-64639000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-871303000	USD
CY2015Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-4140000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-78296000	USD
CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-23732000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-314505000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	492000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-4481000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-74247000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-65166000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-105336000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1221000	USD
	us-gaap	Increase Decrease In Derivative Assets And Liabilities IncreaseDecreaseInDerivativeAssetsAndLiabilities	-9588000	USD
	us-gaap	Increase Decrease In Derivative Assets And Liabilities IncreaseDecreaseInDerivativeAssetsAndLiabilities	-19651000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-587000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-7652000	USD
CY2015Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	158000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2016Q3	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	0	shares
CY2015Q3	us-gaap	Interest Expense InterestExpense	33157000	USD
	us-gaap	Interest Expense InterestExpense	96583000	USD
CY2016Q3	us-gaap	Interest Expense InterestExpense	47206000	USD
	us-gaap	Interest Expense InterestExpense	112329000	USD
	us-gaap	Interest Paid Net InterestPaidNet	88920000	USD
	us-gaap	Interest Paid Net InterestPaidNet	88109000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5621643000	USD
CY2016Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5785433000	USD
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	302525000	USD
CY2016Q3	us-gaap	Liabilities Current LiabilitiesCurrent	328630000	USD
CY2015Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3466717000	USD
CY2016Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3608888000	USD
CY2015Q4	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	202000000	USD
CY2016Q3	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	0	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	150074000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	927454000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-934846000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-361818000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	784849000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	415012000	USD
CY2015Q3	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	184568000	USD
	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	554404000	USD
CY2016Q3	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	152524000	USD
	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	445658000	USD
CY2015Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	3481836000	USD
CY2016Q3	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	2668060000	USD
CY2015Q3	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	366615000	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	1201186000	USD
CY2016Q3	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	329165000	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	832130000	USD
CY2015Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	32104000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-73210000	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-17654000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-774928000	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	31673000	USD
CY2016Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	18101000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-20000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-772000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-255000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-760000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	20000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	772000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	255000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	760000	USD
CY2015Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	7166000	USD
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	34589000	USD
CY2016Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	2397000	USD
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	14180000	USD
CY2015Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	45332000	USD
CY2016Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	42538000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-3670000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	2392000	USD
CY2015Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	27000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	623000	USD
CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	221000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	232000	USD
CY2015Q3	us-gaap	Other Operating Income OtherOperatingIncome	2121000	USD
	us-gaap	Other Operating Income OtherOperatingIncome	13548000	USD
CY2016Q3	us-gaap	Other Operating Income OtherOperatingIncome	1107000	USD
	us-gaap	Other Operating Income OtherOperatingIncome	2007000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	990000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	3132000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	3373000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	3404000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	8502000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2341000	USD
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	7088000	USD
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	21853000	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	1261871000	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	492794000	USD
CY2015Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	17137000	USD
CY2016Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	15326000	USD
	us-gaap	Proceeds From Debt Net Of Issuance Costs ProceedsFromDebtNetOfIssuanceCosts	0	USD
	us-gaap	Proceeds From Debt Net Of Issuance Costs ProceedsFromDebtNetOfIssuanceCosts	166681000	USD
CY2016Q1	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	4900000	USD
CY2016Q3	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	530900000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	3157000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	533266000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	490951000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	492397000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	1604500000	USD
	us-gaap	Revenues Revenues	837550000	USD
CY2016Q3	us-gaap	Sale Of Stock Price Per Share SaleOfStockPricePerShare	30.00
CY2015Q4	us-gaap	Senior Long Term Notes SeniorLongTermNotes	2315970000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	743000000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-159000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	0	USD
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	335103000	USD
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	201829000	USD
CY2015Q3	us-gaap	Profit Loss ProfitLoss	3114000	USD
	us-gaap	Profit Loss ProfitLoss	-107452000	USD
CY2016Q3	us-gaap	Profit Loss ProfitLoss	-40907000	USD
	us-gaap	Profit Loss ProfitLoss	-556798000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4950280000	USD
CY2016Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4364694000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	32956000	USD
CY2016Q3	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	41958000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	153100000	USD
CY2016Q3	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	137553000	USD
CY2015Q4	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	7606405000	USD
CY2016Q3	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	5406656000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1586500000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	945000000	USD
CY2015Q4	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	0	USD
CY2016Q3	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	49000000	USD
CY2015Q3	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	243879000	USD
	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	680984000	USD
CY2016Q3	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	193966000	USD
	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	619193000	USD
	us-gaap	Results Of Operations Dry Hole Costs ResultsOfOperationsDryHoleCosts	22860000	USD
	us-gaap	Results Of Operations Dry Hole Costs ResultsOfOperationsDryHoleCosts	-16000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1559515000	USD
CY2016Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	994969000	USD
CY2015Q3	us-gaap	Revenues Revenues	371151000	USD
	us-gaap	Revenues Revenues	1253231000	USD
CY2016Q3	us-gaap	Revenues Revenues	352660000	USD
CY2016Q3	us-gaap	Senior Long Term Notes SeniorLongTermNotes	2765398000	USD
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	5500000	shares
CY2016Q3	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	18400000	shares
	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	2354000	USD
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	530912000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	20485000	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1852401000	USD
CY2016Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1847915000	USD
CY2015Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	34030000	USD
CY2016Q3	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	38338000	USD
CY2015Q4	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	284538000	USD
CY2016Q3	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	177787000	USD
CY2015Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	68119000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	67638000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	78468000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	71574000	shares
CY2015Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	67961000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	67638000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	78468000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	71574000	shares
	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, together with its consolidated subsidiaries (“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>
	us-gaap	Property Plant And Equipment Impairment PropertyPlantAndEquipmentImpairment	<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;">Proved and Unproved Oil and Gas Properties and Other Property and Equipment</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;font-style:italic;"></font><font style="font-family:inherit;font-size:10pt;">Total property and equipment, net, measured at fair value within the accompanying balance sheets totaled </font><font style="font-family:inherit;font-size:10pt;">$124.8 million</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;">. None of the Company’s property and equipment, net, was measured at fair value in the accompanying balance sheets as of </font><font style="font-family:inherit;font-size:10pt;">September 30, 2016</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">    </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Proved oil and gas property costs are evaluated for impairment and reduced to fair value when there is an indication the carrying costs may not be recoverable. The Company uses Level 3 inputs and the income valuation technique, which converts future amounts to a single present value amount, to measure the fair value of proved properties through an application of discount rates and price forecasts representative of the current operating environment, as selected by the Company’s management. The calculation of the discount rates are based on the best information available and were estimated to be </font><font style="font-family:inherit;font-size:10pt;">10 percent</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">15 percent</font><font style="font-family:inherit;font-size:10pt;"> based on the reservoir specific weightings of future estimated proved and unproved cash flows as of </font><font style="font-family:inherit;font-size:10pt;">September 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;">. The Company believes the discount rates are representative of current market conditions and take into account estimates of future cash payments, reserve categories, expectations of possible variations in the amount and/or timing of cash flows, the risk premium, and nonperformance risk. The prices for oil and gas are forecast based on NYMEX strip pricing, adjusted for basis differentials, for the first </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> years, after which a flat terminal price is used for each commodity stream. The prices for NGLs are forecast using OPIS Mont Belvieu pricing, for as long as the market is actively trading, after which a flat terminal price is used. Future operating costs are also adjusted as deemed appropriate for these estimates. Impairments on proved properties during the </font><font style="font-family:inherit;font-size:10pt;">nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">September 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, totaled </font><font style="font-family:inherit;font-size:10pt;">$277.8 million</font><font style="font-family:inherit;font-size:10pt;"> and related primarily to the decline in proved and risk-adjusted probable and possible reserve expected cash flows for the Company’s outside-operated Eagle Ford shale assets, driven by commodity price declines during the first quarter of 2016. The Company recorded impairment of proved oil and gas properties expense of </font><font style="font-family:inherit;font-size:10pt;">$468.7 million</font><font style="font-family:inherit;font-size:10pt;"> for the year ended December 31, 2015, due to the decline in proved and risk-adjusted probable and possible reserve expected cash flows, driven by commodity price declines and were recorded mainly in the Company’s east Texas and Powder River Basin programs with smaller impacts on other legacy and non-core assets in the Rocky Mountain region.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unproved oil and gas property costs are evaluated for impairment and reduced to fair value when there is an indication that the carrying costs may not be recoverable.  To measure the fair value of unproved properties, the Company uses a market approach, which takes into account the following significant assumptions: future development plans, risk weighted potential resource recovery, and estimated reserve values. Abandonment and impairment expense on unproved properties was </font><font style="font-family:inherit;font-size:10pt;">$5.9 million</font><font style="font-family:inherit;font-size:10pt;"> for the nine months ended </font><font style="font-family:inherit;font-size:10pt;">September 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">$78.6 million</font><font style="font-family:inherit;font-size:10pt;"> for the year ended December 31, 2015. In both periods, abandonment and impairment expense resulted from lease expirations and acreage the Company no longer intended to develop in light of changes in drilling plans in response to the decline in commodity prices.</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 style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other property and equipment costs are evaluated for impairment and reduced to fair value when there is an indication the carrying costs may not be recoverable. Fair value of other property and equipment is valued using an income valuation technique or market approach depending on the quality of information available to support management’s assumptions and the circumstances. The valuation includes consideration of the proved and unproved assets supported by the property and equipment, future cash flows associated with the assets, and fixed costs necessary to operate and maintain the assets. The Company recorded impairment of other property and equipment expense of </font><font style="font-family:inherit;font-size:10pt;">$49.4 million</font><font style="font-family:inherit;font-size:10pt;"> for the year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;">, on the Company’s gathering system assets in east Texas. These assets were impaired in conjunction with the impairment of the associated proved and unproved properties, which the Company no longer intended to develop and made the subsequent decision to sell. </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 style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Proved properties classified as held for sale, including the corresponding asset retirement obligation liability, are valued using a market approach, based on an estimated selling price, as evidenced by the most current bid prices received from third parties, if available. If an estimated selling price is not available, the Company utilizes the income valuation technique discussed above. Unproved properties classified as held for sale are valued using a market approach, based on an estimated selling price, as evidenced by the most current bid prices received from third parties. If an estimated selling price is not available, the Company estimates acreage value based on the price received for similar acreage in recent transactions by the Company or other market participants in the principal market. There were no assets held for sale recorded at fair value as of September 30, 2016, or December 31, 2015. Please refer to </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 3 – Assets Held for Sale, Divestitures and Acquisitions. </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 style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value measurements of assets acquired and liabilities assumed are measured on a nonrecurring basis on the acquisition date using an income valuation technique based on inputs that are not observable in the market and therefore represent Level 3 inputs. Significant inputs to the valuation of acquired oil and gas properties include estimates of: (i) reserves; (ii) production rates; (iii) future operating and development costs; (iv) future commodity prices, including price differentials; (v) future cash flows; and (vi) a market participant-based weighted average cost of capital rate. These inputs require significant judgments and estimates by the Company’s management at the time of the valuation. </font></div></div>

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$SM
SM Energy Co Stock $sm

2016 Q4 Form 10-Q Financial Statement

#000089353816000218 Filed on November 02, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SM SM Energy Co Stock $sm

2016 Q4 Form 10-Q Financial Statement

#000089353816000218 Filed on November 02, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SM
SM Energy Co Stock $sm