$SM
SM Energy Co Stock $sm

$sm Overview Financials Valuation SEC Filings Company Website

2017 Q4 Form 10-Q Financial Statement

#000089353817000140 Filed on November 03, 2017

Income Statement

Concept	2017 Q4	2017 Q3	2016 Q4
Revenue	$340.0M	$295.4M	$346.2M
YoY Change	-1.79%	-16.24%	15.71%
Cost Of Revenue	$122.8M	$122.7M	$151.9M
YoY Change	-19.16%	-19.57%	-10.22%
Gross Profit	$217.2M	$172.7M	$194.3M
YoY Change	11.79%	-2.8%	49.46%
Gross Profit Margin	63.88%	58.48%	56.12%
Selling, General & Admin	$32.70M	$27.60M	$33.30M
YoY Change	-1.8%	-15.6%	-0.89%
% of Gross Profit	15.06%	15.98%	17.14%
Research & Development	$15.80M	$14.10M	$23.70M
YoY Change	-33.33%	4.44%	-37.47%
% of Gross Profit	7.27%	8.16%	12.2%
Depreciation & Amortization	$131.4M	$134.6M	$171.5M
YoY Change	-23.38%	-30.62%	-28.54%
% of Gross Profit	60.5%	77.93%	88.27%
Operating Expenses	$183.4M	$177.2M	$231.6M
YoY Change	-20.81%	-24.34%	-26.52%
Operating Profit	$33.80M	-$85.15M	-$37.30M
YoY Change	-190.62%	382.34%	-79.86%
Interest Expense	-$159.4M	$44.09M	-$175.9M
YoY Change	-9.38%	-6.6%	-293.08%
% of Operating Profit	-471.6%
Other Income/Expense, Net	-$2.400M	$861.0K	$100.0K
YoY Change	-2500.0%	289.59%	-83.33%
Pretax Income	-$143.4M	-$128.4M	-$330.6M
YoY Change	-56.62%	98.61%	-38.45%
Income Tax	-$53.50M	-$39.27M	-$129.7M
% Of Pretax Income
Net Earnings	-$26.30M	-$89.11M	-$200.9M
YoY Change	-86.91%	117.84%	-40.96%
Net Earnings / Revenue	-7.74%	-30.17%	-58.03%
Basic Earnings Per Share		-$0.80
Diluted Earnings Per Share	-$235.7K	-$0.80	-$2.193M
COMMON SHARES
Basic Shares Outstanding	111.6M shares	111.6M shares	86.87M shares
Diluted Shares Outstanding		111.6M shares

Balance Sheet

Concept	2017 Q4	2017 Q3	2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$313.9M	$441.4M	$9.400M
YoY Change	3239.36%	-54.99%
Cash & Equivalents	$313.9M	$441.4M	$9.372M
Short-Term Investments
Other Short-Term Assets	$75.10M	$81.50M	$69.80M
YoY Change	7.59%	-34.85%	-83.36%
Inventory
Prepaid Expenses
Receivables	$160.2M	$146.1M	$152.0M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$549.1M	$668.9M	$224.6M
YoY Change	144.44%	-46.34%	-56.72%
LONG-TERM ASSETS
Property, Plant & Equipment	$5.555B	$5.417B	$6.081B
YoY Change	-8.66%	24.11%	22.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$32.51M	$32.90M	$19.94M
YoY Change	63.02%	81.74%	-37.04%
Total Long-Term Assets	$72.87M	$92.93M	$87.52M
YoY Change	-16.74%	-46.63%	-42.57%
TOTAL ASSETS
Total Short-Term Assets	$549.1M	$668.9M	$224.6M
Total Long-Term Assets	$72.87M	$92.93M	$87.52M
Total Assets	$6.177B	$6.179B	$6.394B
YoY Change	-3.39%	6.8%	13.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$77.57M	$348.9M	$299.7M
YoY Change	-74.12%	25.68%
Accrued Expenses	$126.5M
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	$559.2M	$436.7M	$415.2M
YoY Change	34.69%	32.88%	37.24%
LONG-TERM LIABILITIES
Long-Term Debt	$2.909B	$2.905B	$2.898B
YoY Change	0.39%	0.38%	15.08%
Other Long-Term Liabilities	$48.40M	$47.50M	$47.24M
YoY Change	2.45%	11.66%	-10.76%
Total Long-Term Liabilities	$3.223B	$3.330B	$3.481B
YoY Change	-7.42%	-7.72%	0.42%
TOTAL LIABILITIES
Total Short-Term Liabilities	$559.2M	$436.7M	$415.2M
Total Long-Term Liabilities	$3.223B	$3.330B	$3.481B
Total Liabilities	$3.782B	$3.767B	$3.896B
YoY Change	-2.93%	-4.33%	3.37%
SHAREHOLDERS EQUITY
Retained Earnings	$665.7M	$691.9M	$794.0M
YoY Change	-16.17%	-30.46%	-49.09%
Common Stock	$1.743B	$1.735B	$1.718B
YoY Change	1.46%	100.13%	460.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.395B	$2.412B	$2.497B
YoY Change
Total Liabilities & Shareholders Equity	$6.177B	$6.179B	$6.394B
YoY Change	-3.39%	6.8%	13.73%

Cashflow Statement

Concept	2017 Q4	2017 Q3	2016 Q4
OPERATING ACTIVITIES
Net Income	-$26.30M	-$89.11M	-$200.9M
YoY Change	-86.91%	117.84%	-40.96%
Depreciation, Depletion And Amortization	$131.4M	$134.6M	$171.5M
YoY Change	-23.38%	-30.62%	-28.54%
Cash From Operating Activities	$144.8M	$128.5M	$137.8M
YoY Change	5.08%	-18.72%	-28.82%
INVESTING ACTIVITIES
Capital Expenditures	-$265.8M	-$257.5M	-$2.299B
YoY Change	-88.44%	70.19%	888.44%
Acquisitions
YoY Change
Other Investing Activities	-$1.700M	$9.200M	$793.3M
YoY Change	-100.21%	-93.46%	3364.19%
Cash From Investing Activities	-$267.5M	-$248.4M	-$1.506B
YoY Change	-82.24%	2265.71%	617.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-4.700M	-1.300M	399.7M
YoY Change	-101.18%	-100.16%	2382.61%
NET CHANGE
Cash From Operating Activities	144.8M	128.5M	137.8M
Cash From Investing Activities	-267.5M	-248.4M	-1.506B
Cash From Financing Activities	-4.700M	-1.300M	399.7M
Net Change In Cash	-127.4M	-121.2M	-968.3M
YoY Change	-86.84%	-112.36%	968200.0%
FREE CASH FLOW
Cash From Operating Activities	$144.8M	$128.5M	$137.8M
Capital Expenditures	-$265.8M	-$257.5M	-$2.299B
Free Cash Flow	$410.6M	$386.0M	$2.437B
YoY Change	-83.15%	24.76%	471.77%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000893538
	dei	Document Period End Date DocumentPeriodEndDate	2017-09-30
	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	2017
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	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	SM Energy Co
	sm	Acquisition Deposit Heldin Escrow AcquisitionDepositHeldinEscrow	49000000	USD
	sm	Acquisition Deposit Heldin Escrow AcquisitionDepositHeldinEscrow	-3000000	USD
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	sm	Change In Capital Expenditures Incurred But Not Yet Paid ChangeInCapitalExpendituresIncurredButNotYetPaid	-1287000	USD
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CY2017Q3	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	87791000	USD
CY2016Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	98340000	USD
CY2017Q3	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	67676000	USD
CY2016Q4	us-gaap	Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	95724000	USD
CY2017Q3	us-gaap	Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	70272000	USD
CY2016Q4	us-gaap	Derivative Liability Not Offset Policy Election Deduction DerivativeLiabilityNotOffsetPolicyElectionDeduction	118080000	USD
CY2017Q3	us-gaap	Derivative Liability Not Offset Policy Election Deduction DerivativeLiabilityNotOffsetPolicyElectionDeduction	85195000	USD
	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	11144000	USD
CY2016Q3	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	4343000	USD
CY2017Q3	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	5581000	USD
	us-gaap	Early Repayment Of Senior Debt EarlyRepaymentOfSeniorDebt	29904000	USD
	us-gaap	Early Repayment Of Senior Debt EarlyRepaymentOfSeniorDebt	2344000	USD
CY2016Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.52
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-7.78
CY2017Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.80
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.21
CY2016Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.52
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-7.78
CY2017Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.80
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.21
CY2016Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.367
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.361
CY2017Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.306
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.328
CY2016Q3	us-gaap	Exploration Expense ExplorationExpense	13482000	USD
	us-gaap	Exploration Expense ExplorationExpense	41942000	USD
CY2017Q3	us-gaap	Exploration Expense ExplorationExpense	14243000	USD
	us-gaap	Exploration Expense ExplorationExpense	39293000	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
CY2017Q3	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-80599000	USD
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	89364000	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
CY2017Q3	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	-1895000	USD
	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	-131565000	USD
CY2016Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	15722000	USD
CY2017Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-35000	USD
CY2016Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	32679000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	93117000	USD
CY2017Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	27880000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	85564000	USD
CY2016Q3	us-gaap	Impairment Of Leasehold ImpairmentOfLeasehold	3568000	USD
	us-gaap	Impairment Of Leasehold ImpairmentOfLeasehold	5917000	USD
CY2017Q3	us-gaap	Impairment Of Leasehold ImpairmentOfLeasehold	0	USD
	us-gaap	Impairment Of Leasehold ImpairmentOfLeasehold	157000	USD
	us-gaap	Impairment Of Leasehold ImpairmentOfLeasehold	157000	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
CY2017Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-128382000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-200410000	USD
	us-gaap	Increase Decrease In Derivative Assets And Liabilities IncreaseDecreaseInDerivativeAssetsAndLiabilities	-19651000	USD
CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-23732000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-314505000	USD
CY2017Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-39270000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-65825000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-4481000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	2800000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-65166000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	21560000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1221000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-21502000	USD
	us-gaap	Increase Decrease In Derivative Assets And Liabilities IncreaseDecreaseInDerivativeAssetsAndLiabilities	-6046000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-7652000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	8955000	USD
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
CY2017Q3	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
CY2016Q3	us-gaap	Interest Expense InterestExpense	47206000	USD
	us-gaap	Interest Expense InterestExpense	112329000	USD
CY2017Q3	us-gaap	Interest Expense InterestExpense	44091000	USD
	us-gaap	Interest Expense InterestExpense	135639000	USD
	us-gaap	Interest Paid Net InterestPaidNet	88109000	USD
	us-gaap	Interest Paid Net InterestPaidNet	124443000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6393511000	USD
CY2017Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6178926000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	415172000	USD
CY2017Q3	us-gaap	Liabilities Current LiabilitiesCurrent	436676000	USD
CY2016Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3481206000	USD
CY2017Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3330209000	USD
CY2016Q4	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	0	USD
CY2017Q3	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	0	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	927454000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-7561000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-361818000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	69007000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	415012000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	370597000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1 NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1	733000	USD
CY2016Q3	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	152524000	USD
	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	445658000	USD
CY2017Q3	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	122651000	USD
	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	385073000	USD
CY2016Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	2836532000	USD
CY2017Q3	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	3243072000	USD
CY2016Q3	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	329165000	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	832130000	USD
CY2017Q3	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	294459000	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	912596000	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-17654000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-774928000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-85592000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-67637000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	19940000	USD
CY2017Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	32896000	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
CY2017Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-208000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-651000	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
CY2017Q3	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	208000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	651000	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	47244000	USD
CY2017Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	47497000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	8857000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-4713000	USD
CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	221000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	232000	USD
CY2017Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1301000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	2901000	USD
CY2016Q3	us-gaap	Other Operating Income OtherOperatingIncome	1107000	USD
	us-gaap	Other Operating Income OtherOperatingIncome	2007000	USD
CY2017Q3	us-gaap	Other Operating Income OtherOperatingIncome	2815000	USD
	us-gaap	Other Operating Income OtherOperatingIncome	7807000	USD
CY2016Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	5917000	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-7731000	USD
CY2017Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-999000	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-6303000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	3132000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	3404000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5563000	USD
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	21853000	USD
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	87389000	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	492794000	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	624969000	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	8799000	USD
CY2017Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	17756000	USD
	us-gaap	Proceeds From Debt Net Of Issuance Costs ProceedsFromDebtNetOfIssuanceCosts	166681000	USD
	us-gaap	Proceeds From Debt Net Of Issuance Costs ProceedsFromDebtNetOfIssuanceCosts	0	USD
CY2017Q3	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	5500000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	533266000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1738000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	492397000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	743000000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	406000000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-2341000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-1392000	USD
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	201829000	USD
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	778365000	USD
CY2016Q3	us-gaap	Profit Loss ProfitLoss	-40907000	USD
	us-gaap	Profit Loss ProfitLoss	-556798000	USD
CY2017Q3	us-gaap	Profit Loss ProfitLoss	-89112000	USD
	us-gaap	Profit Loss ProfitLoss	-134585000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	6081354000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5417083000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	42882000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	50468000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	137753000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	106046000	USD
CY2016Q4	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	5700418000	USD
CY2017Q3	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	5938351000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	945000000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	406000000	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
CY2017Q3	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	134599000	USD
	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	425643000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	794020000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	691915000	USD
CY2016Q3	us-gaap	Revenues Revenues	352660000	USD
	us-gaap	Revenues Revenues	837550000	USD
CY2017Q3	us-gaap	Revenues Revenues	295379000	USD
	us-gaap	Revenues Revenues	788838000	USD
CY2016Q4	us-gaap	Senior Long Term Notes SeniorLongTermNotes	2766719000	USD
CY2017Q3	us-gaap	Senior Long Term Notes SeniorLongTermNotes	2768346000	USD
	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	1738000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	16160000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2497133000	USD
CY2017Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2412041000	USD
CY2016Q4	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	2471947000	USD
CY2017Q3	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	2321508000	USD
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
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	111575000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	111366000	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
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	111575000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	111366000	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;">The Company did not have property and equipment measured at fair value within the accompanying balance sheets as of </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font><font style="font-family:inherit;font-size:10pt;">. Property and equipment, net measured at fair value totaled </font><font style="font-family:inherit;font-size:10pt;">$88.2 million</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">, and primarily consisted of the Company’s Powder River Basin assets, which were impaired at year-end as a result of downward performance reserve revisions. </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;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Proved oil and gas properties.</font><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 the rates used ranged from </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, 2017</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">. The Company believes the discount rates are representative of current market conditions and consider 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. </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;">The Company did not recognize any material impairment of proved properties expenses for the three or </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, 2017</font><font style="font-family:inherit;font-size:10pt;">, or for the three months ended </font><font style="font-family:inherit;font-size:10pt;">September 30, 2016</font><font style="font-family:inherit;font-size:10pt;">. The Company recorded impairment of proved properties expense of </font><font style="font-family:inherit;font-size:10pt;">$277.8 million</font><font style="font-family:inherit;font-size:10pt;"> for 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;">, primarily related to the decline in proved and risk-adjusted probable and possible reserve expected cash flows from the Company’s outside-operated Eagle Ford shale assets, driven by commodity price declines during the first quarter of 2016. These properties were sold during the first quarter of 2017. Please refer to </font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:normal;">Note 3 - Divestitures, Assets Held for Sale, and Acquisitions</font><font style="font-family:inherit;font-size:10pt;"> for more information regarding divestiture activity.</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></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;">Unproved oil and gas properties.</font><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: remaining lease terms, future development plans, risk weighted potential resource recovery, estimated reserve values, and estimated acreage value based on price(s) received for similar, recent acreage transactions by the Company or other market participants. </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;">There were </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> material abandonments or impairments of unproved properties expenses for the three or </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, 2017</font><font style="font-family:inherit;font-size:10pt;"> or 2016.</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;font-style:italic;">Oil and gas properties held for sale.</font><font style="font-family:inherit;font-size:10pt;"> Proved and unproved properties and other property and equipment classified as held for sale, including the corresponding asset retirement obligation liability, are valued using a market approach based on an estimated net selling price, as evidenced by the most current bid prices received from third parties, if available, or by recent, comparable market transactions. If an estimated selling price is not available, the Company utilizes the various income valuation techniques discussed above. When assets no longer meet the criteria of assets held for sale, they are measured at the lower of the carrying value of the assets before being classified as held for sale, adjusted for any depletion, depreciation, and amortization expense that would have been recognized, or the fair value at the date they are reclassified to assets held for use. </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;">There were no material assets held for sale that were recorded at fair value as of </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font><font style="font-family:inherit;font-size:10pt;">. However, for 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, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company recorded a </font><font style="font-family:inherit;font-size:10pt;">$526.5 million</font><font style="font-family:inherit;font-size:10pt;"> write-down on its Divide County, North Dakota, assets previously held for sale, of which </font><font style="font-family:inherit;font-size:10pt;">$359.6 million</font><font style="font-family:inherit;font-size:10pt;"> was recorded in the first quarter of 2017 based on an estimated fair value less selling costs and </font><font style="font-family:inherit;font-size:10pt;">$166.9 million</font><font style="font-family:inherit;font-size:10pt;"> was recorded in the second quarter of 2017 based on market conditions that existed on the date the Company decided to retain the assets. Please refer to </font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:normal;">Note 3 - Divestitures, Assets Held for Sale, and Acquisitions</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">for additional discussion</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">. </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>

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$SM
SM Energy Co Stock $sm

2017 Q4 Form 10-Q Financial Statement

#000089353817000140 Filed on November 03, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SM SM Energy Co Stock $sm

2017 Q4 Form 10-Q Financial Statement

#000089353817000140 Filed on November 03, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SM
SM Energy Co Stock $sm