Southwestern Energy Company(NYSE:SWN)

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments: Exploration and Production, and Marketing. The company focuses on the develo...
Website: http://www.swn.com
Founded: 1929
Full Time Employees: 923
Sector: Energy
Industry: Oil & Gas E&P
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2017-09-30 | 2016-12-31 | 2016-03-31 | 2015-06-30 | 2014-09-30 | 2013-12-31 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2009-12-31 | 2008-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating revenues: | ||||||||||||||||||||||||||||||||||||
gas sales | 411,000,000 | 584,000,000 | 766,000,000 | 627,000,000 | 551,000,000 | 1,145,000,000 | 2,040,000,000 | 2,884,000,000 | 2,485,000,000 | 1,692,000,000 | 1,704,000,000 | 811,000,000 | 433,000,000 | 464,000,000 | 356,000,000 | 199,000,000 | 164,000,000 | 248,000,000 | 298,000,000 | 238,000,000 | 275,000,000 | 430,000,000 | 586,000,000 | 465,000,000 | 407,000,000 | 394,000,000 | 958,000,000 | 315,000,000 | 457,000,000 | 645,000,000 | 1,876,982,000 | 504,496,000 | 346,038,000 | 491,340,000 | 1,209,377,000 | 368,879,000 |
oil sales | 90,000,000 | 82,000,000 | 98,000,000 | 94,000,000 | 92,000,000 | 95,000,000 | 90,000,000 | 100,000,000 | 138,000,000 | 111,000,000 | 97,000,000 | 110,000,000 | 106,000,000 | 81,000,000 | 43,000,000 | 40,000,000 | 19,000,000 | 52,000,000 | 70,000,000 | 67,000,000 | 47,000,000 | 39,000,000 | 55,000,000 | 62,000,000 | 44,000,000 | 27,000,000 | 58,000,000 | 11,000,000 | 24,000,000 | 6,000,000 | 11,070,000 | 5,350,000 | 1,524,250 | 1,889,000 | -8,695,000 | 15,538,000 |
ngl sales | 158,000,000 | 174,000,000 | 179,000,000 | 169,000,000 | 153,000,000 | 201,000,000 | 204,000,000 | 260,000,000 | 310,000,000 | 272,000,000 | 283,000,000 | 255,000,000 | 179,000,000 | 173,000,000 | 107,000,000 | 68,000,000 | 40,000,000 | 50,000,000 | 83,000,000 | 52,000,000 | 58,000,000 | 81,000,000 | 100,000,000 | 112,000,000 | 75,000,000 | 55,000,000 | 75,000,000 | 17,000,000 | 15,000,000 | |||||||
marketing | 424,000,000 | 579,000,000 | 648,000,000 | 553,000,000 | 475,000,000 | 679,000,000 | 1,048,000,000 | 1,298,000,000 | 1,207,000,000 | 866,000,000 | 861,000,000 | 418,000,000 | 332,000,000 | 352,000,000 | 272,000,000 | 219,000,000 | 187,000,000 | 239,000,000 | 293,000,000 | 279,000,000 | 287,000,000 | 438,000,000 | 417,000,000 | 287,000,000 | 265,000,000 | 233,000,000 | 666,000,000 | 198,000,000 | 222,000,000 | |||||||
other | -2,000,000 | 1,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -1,000,000 | -2,000,000 | 2,000,000 | 2,000,000 | 4,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 3,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||
operating costs and expenses: | ||||||||||||||||||||||||||||||||||||
marketing purchases | 433,000,000 | 588,000,000 | 638,000,000 | 545,000,000 | 481,000,000 | 667,000,000 | 1,026,000,000 | 1,289,000,000 | 1,215,000,000 | 862,000,000 | 848,000,000 | 420,000,000 | 333,000,000 | 356,000,000 | 271,000,000 | 226,000,000 | 201,000,000 | 248,000,000 | 298,000,000 | 288,000,000 | 293,000,000 | 441,000,000 | 421,000,000 | 288,000,000 | 265,000,000 | 236,000,000 | 668,000,000 | 196,000,000 | 219,000,000 | |||||||
operating expenses | 403,000,000 | 417,000,000 | 437,000,000 | 444,000,000 | 418,000,000 | 418,000,000 | 410,000,000 | 423,000,000 | 402,000,000 | 381,000,000 | 365,000,000 | 296,000,000 | 259,000,000 | 250,000,000 | 236,000,000 | 202,000,000 | 182,000,000 | 193,000,000 | 197,000,000 | 189,000,000 | 169,000,000 | 165,000,000 | 197,000,000 | 206,000,000 | 193,000,000 | 170,000,000 | 427,000,000 | 165,000,000 | 176,000,000 | 108,000,000 | 264,279,000 | 64,224,000 | 44,869,500 | 61,906,000 | 106,511,000 | 30,030,000 |
general and administrative expenses | 45,000,000 | 56,000,000 | 54,000,000 | 46,000,000 | 41,000,000 | 46,000,000 | 50,000,000 | 41,000,000 | 35,000,000 | 44,000,000 | 34,000,000 | 32,000,000 | 34,000,000 | 38,000,000 | 32,000,000 | 31,000,000 | 32,000,000 | 26,000,000 | 47,000,000 | 42,000,000 | 40,000,000 | 37,000,000 | 44,000,000 | 51,000,000 | 59,000,000 | 62,000,000 | 193,000,000 | 54,000,000 | 60,000,000 | 54,000,000 | 154,095,000 | 37,215,000 | 32,469,750 | 36,121,000 | 96,877,000 | 25,741,000 |
merger-related expenses | 10,000,000 | 9,000,000 | 2,000,000 | 25,000,000 | 37,000,000 | 35,000,000 | 3,000,000 | |||||||||||||||||||||||||||||
depreciation, depletion and amortization | 226,000,000 | 262,000,000 | 328,000,000 | 338,000,000 | 328,000,000 | 313,000,000 | 313,000,000 | 298,000,000 | 288,000,000 | 275,000,000 | 212,000,000 | 138,000,000 | 100,000,000 | 96,000,000 | 90,000,000 | 70,000,000 | 84,000,000 | 113,000,000 | 119,000,000 | 125,000,000 | 121,000,000 | 112,000,000 | 124,000,000 | 151,000,000 | 142,000,000 | 135,000,000 | 293,000,000 | 143,000,000 | 308,000,000 | 238,000,000 | 607,145,000 | 179,467,000 | 208,841,000 | 200,655,000 | 395,507,000 | 98,151,000 |
impairments | 631,000,000 | 2,093,000,000 | 6,000,000 | 335,000,000 | 361,000,000 | 655,000,000 | 1,479,000,000 | 8,000,000 | 2,000,000 | 10,000,000 | 161,000,000 | |||||||||||||||||||||||||
taxes, other than income taxes | 44,000,000 | 49,000,000 | 55,000,000 | 63,000,000 | 58,000,000 | 68,000,000 | 71,000,000 | 76,000,000 | 65,000,000 | 57,000,000 | 46,000,000 | 35,000,000 | 27,000,000 | 24,000,000 | 17,000,000 | 15,000,000 | 10,000,000 | 13,000,000 | 11,000,000 | 15,000,000 | 17,000,000 | 19,000,000 | 25,000,000 | 26,000,000 | 15,000,000 | 24,000,000 | 70,000,000 | 23,000,000 | 27,000,000 | 22,000,000 | 58,644,000 | 20,827,000 | 16,430,000 | 16,252,000 | 28,551,000 | 8,729,000 |
operating income | -709,000,000 | -2,057,000,000 | -1,530,000,000 | 7,000,000 | -57,000,000 | 606,000,000 | 1,510,000,000 | 2,414,000,000 | 2,131,000,000 | 1,299,000,000 | 1,405,000,000 | 636,000,000 | 293,000,000 | 301,000,000 | -244,000,000 | -381,000,000 | -756,000,000 | -1,490,000,000 | 64,000,000 | -29,000,000 | 22,000,000 | 213,000,000 | 352,000,000 | 66,000,000 | 124,000,000 | 110,000,000 | -1,095,000,000 | -1,100,000,000 | -1,284,000,000 | 286,000,000 | 951,663,000 | 251,960,000 | -293,692,000 | -220,202,000 | -264,252,000 | 229,286,000 |
yoy | 1143.86% | -439.44% | -201.32% | -99.71% | -102.67% | -53.35% | 7.47% | 279.56% | 627.30% | 331.56% | -675.82% | -266.93% | -138.76% | -120.20% | -481.25% | 1213.79% | -3536.36% | -799.53% | -81.82% | -143.94% | -82.26% | 93.64% | -132.15% | -106.00% | -109.66% | -61.54% | -215.06% | -536.58% | 337.19% | -229.88% | -460.13% | 9.89% | ||||
qoq | -65.53% | 34.44% | -21957.14% | -112.28% | -109.41% | -59.87% | -37.45% | 13.28% | 64.05% | -7.54% | 120.91% | 117.06% | -2.66% | -223.36% | -35.96% | -49.60% | -49.26% | -2428.13% | -320.69% | -231.82% | -89.67% | -39.49% | 433.33% | -46.77% | 12.73% | -110.05% | -0.45% | -14.33% | -548.95% | -69.95% | 277.70% | -185.79% | 33.37% | -16.67% | -215.25% | |
interest expense: | ||||||||||||||||||||||||||||||||||||
interest on debt | 61,000,000 | 59,000,000 | 62,000,000 | 61,000,000 | 60,000,000 | 63,000,000 | 74,000,000 | 77,000,000 | 73,000,000 | 68,000,000 | 66,000,000 | 56,000,000 | 48,000,000 | 50,000,000 | 48,000,000 | 43,000,000 | 40,000,000 | 40,000,000 | 41,000,000 | 42,000,000 | 41,000,000 | 42,000,000 | 51,000,000 | 56,000,000 | 59,000,000 | 58,000,000 | 173,000,000 | 53,000,000 | 52,000,000 | 25,000,000 | 75,954,000 | 24,097,000 | 17,288,500 | 25,463,000 | ||
other interest charges | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 12,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 3,245,000 | 1,110,000 | 774,000 | 1,058,000 | 2,647,000 | 619,000 |
interest capitalized | -26,000,000 | -27,000,000 | -28,000,000 | -28,000,000 | -29,000,000 | -30,000,000 | -32,000,000 | -30,000,000 | -29,000,000 | -30,000,000 | -29,000,000 | -25,000,000 | -21,000,000 | -22,000,000 | -21,000,000 | -23,000,000 | -21,000,000 | -23,000,000 | -25,000,000 | -27,000,000 | -28,000,000 | -29,000,000 | -29,000,000 | -29,000,000 | -29,000,000 | -29,000,000 | -111,000,000 | -41,000,000 | -54,000,000 | -14,000,000 | -46,626,000 | -16,186,000 | -11,486,250 | -15,915,000 | -32,928,000 | -7,281,000 |
gain on derivatives | -35,000,000 | 126,000,000 | 622,000,000 | 93,000,000 | 317,000,000 | 1,401,000,000 | 1,025,000,000 | -2,399,000,000 | -871,000,000 | -191,000,000 | 186,000,000 | -192,000,000 | -109,000,000 | 339,000,000 | 54,000,000 | 100,000,000 | 152,000,000 | -10,000,000 | -65,000,000 | -36,000,000 | 45,000,000 | -325,000,000 | -14,000,000 | 1,000,000 | 78,000,000 | |||||||||||
loss on early extinguishment of debt | -19,000,000 | -1,500,000 | -4,000,000 | -2,000,000 | -59,000,000 | |||||||||||||||||||||||||||||||
other loss | -3,000,000 | -1,000,000 | -250,000 | -1,000,000 | -133,250 | -533,000 | ||||||||||||||||||||||||||||||
income before income taxes | -784,000,000 | -1,965,000,000 | -943,000,000 | 66,000,000 | 226,000,000 | 1,951,000,000 | 2,911,000,000 | 461,000,000 | 1,199,000,000 | -2,671,000,000 | 2,361,000,000 | -1,857,000,000 | -609,000,000 | 80,000,000 | -91,000,000 | -593,000,000 | -880,000,000 | -1,141,000,000 | 100,000,000 | 59,000,000 | 153,000,000 | 168,000,000 | 308,000,000 | -29,000,000 | 51,000,000 | 63,000,000 | -1,541,000,000 | -1,131,000,000 | -1,281,000,000 | 351,000,000 | 977,765,000 | 212,612,000 | -304,630,000 | -230,570,000 | -272,398,000 | 220,243,000 |
benefit for income taxes: | ||||||||||||||||||||||||||||||||||||
current | 10,000,000 | 11,000,000 | 26,000,000 | 4,000,000 | -2,000,000 | -1,000,000 | -1,000,000 | -10,000,000 | 7,000,000 | 32,000,000 | -11,207,000 | 136,000 | 18,320,000 | 101,000 | -111,469,000 | 46,500,000 | ||||||||||||||||||||
deferred | -176,000,000 | -430,000,000 | -280,000,000 | 21,000,000 | -5,000,000 | 12,000,000 | 1,000,000 | 408,000,000 | -9,000,000 | 11,000,000 | 15,000,000 | -426,000,000 | -23,000,000 | 1,000,000 | -500,000,000 | 108,000,000 | 412,984,000 | 84,961,000 | -141,097,000 | -85,856,000 | 11,413,000 | 37,193,000 | ||||||||||||||
net income | -608,000,000 | -1,535,000,000 | -658,000,000 | 45,000,000 | 231,000,000 | 1,939,000,000 | 2,901,000,000 | 450,000,000 | 1,173,000,000 | -2,675,000,000 | 2,361,000,000 | -1,857,000,000 | -609,000,000 | 80,000,000 | -92,000,000 | -593,000,000 | -880,000,000 | -1,547,000,000 | 110,000,000 | 49,000,000 | 138,000,000 | 594,000,000 | 307,000,000 | -29,000,000 | 51,000,000 | 77,000,000 | -1,511,000,000 | -1,132,000,000 | -788,000,000 | 211,000,000 | 575,988,000 | 127,515,000 | -181,853,000 | -144,815,000 | -172,342,000 | 136,550,000 |
yoy | -363.20% | -179.16% | -122.68% | -90.00% | -80.31% | -172.49% | 22.87% | -124.23% | -292.61% | -3443.75% | -2666.30% | 213.15% | -30.80% | -105.17% | -183.64% | -1310.20% | -737.68% | -360.44% | -64.17% | -268.97% | 170.59% | 671.43% | -120.32% | -97.44% | -106.47% | -63.51% | -362.33% | -987.74% | 333.32% | -245.70% | -434.21% | -6.62% | ||||
qoq | -60.39% | 133.28% | -1562.22% | -80.52% | -88.09% | -33.16% | 544.67% | -61.64% | -143.85% | -213.30% | -227.14% | 204.93% | -861.25% | -186.96% | -84.49% | -32.61% | -43.12% | -1506.36% | 124.49% | -64.49% | -76.77% | 93.49% | -1158.62% | -156.86% | -33.77% | -105.10% | 33.48% | 43.65% | -473.46% | -63.37% | 351.70% | -170.12% | 25.58% | -15.97% | -226.21% | |
earnings per common share: | ||||||||||||||||||||||||||||||||||||
basic | -550,000 | -1,390,000 | -600,000 | 40,000 | 210,000 | 1,760,000 | 2,610,000 | 410,000 | 1,050,000 | -2,400,000 | 120,000 | 60,000 | -1,040,000 | -1,630,000 | -2,860,000 | 200,000 | 90,000 | 260,000 | 1,100,000 | 530,000 | -50,000 | 90,000 | 90,000 | -3,290,000 | -3,030,000 | -2,130,000 | ||||||||||
diluted | -550,000 | -1,390,000 | -600,000 | 40,000 | 210,000 | 1,760,000 | 2,600,000 | 400,000 | 1,050,000 | -2,400,000 | 120,000 | 60,000 | -1,040,000 | -1,630,000 | -2,860,000 | 210,000 | 90,000 | 260,000 | 1,100,000 | 540,000 | -50,000 | 90,000 | 90,000 | -3,290,000 | -3,030,000 | -2,130,000 | ||||||||||
weighted-average common shares outstanding: | ||||||||||||||||||||||||||||||||||||
basic | 1,102,737,261,000,000 | 1,101,824,856,000,000 | 1,100,980,199,000,000 | 1,101,231,113,000,000 | 1,101,167,082,000,000 | 1,100,278,261,000,000 | 1,110,564,839,000,000 | 1,110,259,907,000,000 | 1,116,175,758,000,000 | 1,114,610,964,000,000 | 789,657,776,000,000 | 787,032,414,000,000 | 676,722,999,000,000 | 675,385,145,000,000 | 573,889,502,000,000 | 571,872,413,000,000 | 541,079,192,000,000 | 540,308,491,000,000 | 539,345,343,000,000 | 539,221,101,000,000 | 539,005,941,000,000 | 539,721,751,000,000 | 574,631,756,000,000 | 581,171,753,000,000 | 581,159,200,000,000 | 499,812,926,000,000 | 435,337,402,000,000 | 382,870,847,000,000 | 382,114,011,000,000 | 351,457,043 | 350,465,430 | 350,032,430 | 348,649,630 | 343,420,568 | 341,402,888 | |
diluted | 1,102,737,261,000,000 | 1,101,824,856,000,000 | 1,103,406,255,000,000 | 1,104,027,634,000,000 | 1,102,724,782,000,000 | 1,102,396,636,000,000 | 1,113,184,254,000,000 | 1,112,522,861,000,000 | 1,118,244,778,000,000 | 1,114,610,964,000,000 | 789,657,776,000,000 | 787,032,414,000,000 | 676,722,999,000,000 | 679,867,825,000,000 | 573,889,502,000,000 | 571,872,413,000,000 | 541,079,192,000,000 | 540,308,491,000,000 | 540,382,914,000,000 | 540,038,187,000,000 | 539,947,053,000,000 | 541,320,487,000,000 | 576,642,808,000,000 | 581,171,753,000,000 | 582,878,106,000,000 | 502,290,779,000,000 | 435,337,402,000,000 | 382,870,847,000,000 | 382,114,011,000,000 | 352,327,250 | 350,738,309 | 348,649,630 | 346,551,198 | |||
other income | 1,000,000 | 1,000,000 | 2,000,000 | 6,000,000 | -1,000,000 | -1,000,000 | 1,000,000 | -2,000,000 | 2,000,000 | 1,000,000 | -2,000,000 | -6,000,000 | 1,000,000 | 250,000 | 3,000,000 | 3,000,000 | -1,585,000 | 238,000 | 1,280,000 | 169,000 | ||||||||||||||||
benefit from income taxes: | ||||||||||||||||||||||||||||||||||||
restructuring charges | 1,000,000 | 6,000,000 | 4,000,000 | 2,000,000 | 10,000,000 | 2,000,000 | 4,000,000 | 2,000,000 | 3,000,000 | 19,000,000 | 2,000,000 | 18,000,000 | 14,000,000 | 64,000,000 | ||||||||||||||||||||||
loss on derivatives | -1,677,250,000 | -1,903,000,000 | -879,000,000 | -3,927,000,000 | -32,000,000 | |||||||||||||||||||||||||||||||
gain on early extinguishment of debt | -34,000,000 | -59,000,000 | 7,000,000 | 28,000,000 | 1,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||
loss per common share: | ||||||||||||||||||||||||||||||||||||
basic | -835,000 | -2,360,000 | -900,000 | |||||||||||||||||||||||||||||||||
diluted | -835,000 | -2,360,000 | -900,000 | |||||||||||||||||||||||||||||||||
montage merger-related expenses | 1,000,000 | |||||||||||||||||||||||||||||||||||
montage acquisition-related expenses | 750,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||
loss on sale of operating assets | 750,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||
gas gathering | 16,000,000 | 25,000,000 | 24,000,000 | 28,000,000 | 100,000,000 | 38,000,000 | 46,000,000 | 50,000,000 | 137,120,000 | 43,962,000 | 32,073,250 | 43,855,000 | ||||||||||||||||||||||||
benefit for income taxes | ||||||||||||||||||||||||||||||||||||
participating securities – mandatory convertible preferred stock | ||||||||||||||||||||||||||||||||||||
net income attributable to common stock | 110,000,000 | 49,000,000 | 138,000,000 | 594,000,000 | 306,000,000 | -29,000,000 | 51,000,000 | 43,000,000 | -1,592,000,000 | -1,159,000,000 | -815,000,000 | |||||||||||||||||||||||||
earnings per common share | ||||||||||||||||||||||||||||||||||||
basic | -550,000 | -1,390,000 | -600,000 | 40,000 | 210,000 | 1,760,000 | 2,610,000 | 410,000 | 1,050,000 | -2,400,000 | 120,000 | 60,000 | -1,040,000 | -1,630,000 | -2,860,000 | 200,000 | 90,000 | 260,000 | 1,100,000 | 530,000 | -50,000 | 90,000 | 90,000 | -3,290,000 | -3,030,000 | -2,130,000 | ||||||||||
diluted | -550,000 | -1,390,000 | -600,000 | 40,000 | 210,000 | 1,760,000 | 2,600,000 | 400,000 | 1,050,000 | -2,400,000 | 120,000 | 60,000 | -1,040,000 | -1,630,000 | -2,860,000 | 210,000 | 90,000 | 260,000 | 1,100,000 | 540,000 | -50,000 | 90,000 | 90,000 | -3,290,000 | -3,030,000 | -2,130,000 | ||||||||||
participating securities - mandatory convertible preferred stock | 250,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||
mandatory convertible preferred stock dividend | 27,000,000 | 81,000,000 | 27,000,000 | 27,000,000 | ||||||||||||||||||||||||||||||||
impairment of natural gas and oil properties | 1,287,000,000 | 1,034,000,000 | 1,535,000,000 | 562,370,000 | 441,465,000 | |||||||||||||||||||||||||||||||
gain on sale of assets | -277,000,000 | |||||||||||||||||||||||||||||||||||
gas marketing | 227,000,000 | 612,324,000 | 179,841,000 | 105,875,750 | 148,764,000 | 280,592,000 | 208,071,000 | |||||||||||||||||||||||||||||
gas purchases – midstream services | 220,000,000 | 601,670,000 | 179,956,000 | 168,525,000 | 149,651,000 | 279,947,000 | 202,889,000 | |||||||||||||||||||||||||||||
other gain | ||||||||||||||||||||||||||||||||||||
earnings per share: | ||||||||||||||||||||||||||||||||||||
basic | 0.6 | 1.65 | 0.36 | -0.378 | -0.42 | 0.1 | 0.4 | |||||||||||||||||||||||||||||
diluted | 0.6 | 1.64 | 0.36 | -0.378 | -0.42 | 0.098 | 0.39 | |||||||||||||||||||||||||||||
commodity derivative income | -7,448,500 | -29,794,000 | ||||||||||||||||||||||||||||||||||
gas gathering, transportation and other | 2,970,500 | 11,882,000 | ||||||||||||||||||||||||||||||||||
gas purchases – gas distribution | 2,386,000 | 9,544,000 | ||||||||||||||||||||||||||||||||||
interest on long-term debt | 3,914,750 | 15,659,000 | ||||||||||||||||||||||||||||||||||
income before income taxes and minority interest | 55,114,500 | 220,458,000 | ||||||||||||||||||||||||||||||||||
minority interest in partnership | -53,750 | -215,000 | ||||||||||||||||||||||||||||||||||
benefit from income taxes |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2016-12-31 | 2013-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||
cash and cash equivalents | 15,000,000 | 29,000,000 | 21,000,000 | 26,000,000 | 25,000,000 | 3,000,000 | 50,000,000 | 11,000,000 | 50,000,000 | 21,000,000 | 28,000,000 | 12,000,000 | 2,000,000 | 4,000,000 | 13,000,000 | 95,000,000 | 10,000,000 | 5,000,000 | 5,000,000 | 29,000,000 | 155,000,000 | 366,000,000 | 201,000,000 | 1,423,000,000 | 17,508,000 |
accounts receivable | 544,000,000 | 491,000,000 | 680,000,000 | 602,000,000 | 598,000,000 | 667,000,000 | 1,401,000,000 | 1,763,000,000 | 1,781,000,000 | 1,071,000,000 | 1,160,000,000 | 708,000,000 | 408,000,000 | 400,000,000 | 368,000,000 | 239,000,000 | 250,000,000 | 292,000,000 | 345,000,000 | 323,000,000 | 358,000,000 | 390,000,000 | 581,000,000 | 363,000,000 | 387,324,000 |
derivative assets | 363,000,000 | 640,000,000 | 614,000,000 | 336,000,000 | 423,000,000 | 463,000,000 | 145,000,000 | 176,000,000 | 122,000,000 | 103,000,000 | 183,000,000 | 130,000,000 | 132,000,000 | 157,000,000 | 241,000,000 | 238,000,000 | 466,000,000 | 627,000,000 | 278,000,000 | 239,000,000 | 209,000,000 | 87,000,000 | 130,000,000 | 51,000,000 | |
other current assets | 89,000,000 | 91,000,000 | 100,000,000 | 78,000,000 | 74,000,000 | 66,000,000 | 68,000,000 | 52,000,000 | 51,000,000 | 43,000,000 | 42,000,000 | 52,000,000 | 51,000,000 | 41,000,000 | 49,000,000 | 41,000,000 | 44,000,000 | 48,000,000 | 51,000,000 | 42,000,000 | 42,000,000 | 44,000,000 | 44,000,000 | 35,000,000 | |
total current assets | 1,011,000,000 | 1,251,000,000 | 1,415,000,000 | 1,042,000,000 | 1,120,000,000 | 1,199,000,000 | 1,664,000,000 | 2,002,000,000 | 2,004,000,000 | 1,238,000,000 | 1,413,000,000 | 902,000,000 | 593,000,000 | 602,000,000 | 671,000,000 | 613,000,000 | 770,000,000 | 972,000,000 | 679,000,000 | 633,000,000 | 764,000,000 | 887,000,000 | 956,000,000 | 1,872,000,000 | 616,807,000 |
natural gas and oil properties, using the full cost method, including 1,892 million as of june 30, 2024 and 2,075 million as of december 31, 2023 excluded from amortization | 38,737,000,000 | ||||||||||||||||||||||||
other | 578,000,000 | 573,000,000 | 566,000,000 | 555,000,000 | 545,000,000 | 532,000,000 | 527,000,000 | 515,000,000 | 512,000,000 | 513,000,000 | 509,000,000 | 503,000,000 | 496,000,000 | 493,000,000 | 523,000,000 | 500,000,000 | 512,000,000 | 523,000,000 | 520,000,000 | 522,000,000 | 555,000,000 | 509,000,000 | 487,000,000 | 537,000,000 | 41,447,000 |
less: accumulated depreciation, depletion and amortization | -31,645,000,000 | -30,784,000,000 | -28,425,000,000 | -26,381,000,000 | -26,039,000,000 | -25,704,000,000 | -25,387,000,000 | -25,068,000,000 | -24,770,000,000 | -24,482,000,000 | -24,202,000,000 | -23,987,000,000 | -23,846,000,000 | -23,741,000,000 | -23,673,000,000 | -23,247,000,000 | -22,825,000,000 | -22,095,000,000 | -20,503,000,000 | -20,383,000,000 | -20,279,000,000 | -20,162,000,000 | -20,049,000,000 | -19,534,000,000 | -7,380,230,000 |
total property and equipment | 7,670,000,000 | 8,097,000,000 | 9,913,000,000 | 11,523,000,000 | 11,405,000,000 | 11,258,000,000 | 10,903,000,000 | 10,740,000,000 | 10,514,000,000 | 10,215,000,000 | 9,938,000,000 | 8,002,000,000 | 4,446,000,000 | 4,284,000,000 | 4,111,000,000 | 3,222,000,000 | 3,426,000,000 | 3,916,000,000 | 5,267,000,000 | 5,199,000,000 | 5,099,000,000 | 4,871,000,000 | 4,656,000,000 | 4,955,000,000 | 6,181,508,000 |
operating lease assets | 136,000,000 | 144,000,000 | 154,000,000 | 163,000,000 | 168,000,000 | 175,000,000 | 177,000,000 | 183,000,000 | 190,000,000 | 186,000,000 | 187,000,000 | 144,000,000 | 147,000,000 | 155,000,000 | 163,000,000 | 145,000,000 | 153,000,000 | 152,000,000 | 159,000,000 | ||||||
long-term derivative assets | 80,000,000 | 131,000,000 | 175,000,000 | 153,000,000 | 205,000,000 | 201,000,000 | 72,000,000 | 77,000,000 | 129,000,000 | 126,000,000 | 226,000,000 | ||||||||||||||
deferred tax assets | 849,000,000 | 674,000,000 | 238,000,000 | 407,000,000 | 398,000,000 | 410,000,000 | 426,000,000 | ||||||||||||||||||
other long-term assets | 104,000,000 | 101,000,000 | 96,000,000 | 92,000,000 | 103,000,000 | 104,000,000 | 110,000,000 | 102,000,000 | 95,000,000 | 82,000,000 | 84,000,000 | 193,000,000 | 208,000,000 | 206,000,000 | 215,000,000 | 177,000,000 | 206,000,000 | 235,000,000 | 205,000,000 | 368,000,000 | 272,000,000 | 262,000,000 | 185,000,000 | 249,000,000 | |
total long-term assets | 1,169,000,000 | 1,050,000,000 | 663,000,000 | 408,000,000 | 476,000,000 | 480,000,000 | 359,000,000 | 362,000,000 | 414,000,000 | 394,000,000 | 497,000,000 | 337,000,000 | 355,000,000 | 361,000,000 | 378,000,000 | 322,000,000 | 359,000,000 | 387,000,000 | 771,000,000 | ||||||
total assets | 9,850,000,000 | 10,398,000,000 | 11,991,000,000 | 12,973,000,000 | 13,001,000,000 | 12,937,000,000 | 12,926,000,000 | 13,104,000,000 | 12,932,000,000 | 11,847,000,000 | 11,848,000,000 | 9,241,000,000 | 5,394,000,000 | 5,247,000,000 | 5,160,000,000 | 4,157,000,000 | 4,555,000,000 | 5,275,000,000 | 6,717,000,000 | 6,598,000,000 | 6,545,000,000 | 6,446,000,000 | 5,797,000,000 | 7,076,000,000 | 6,916,791,000 |
liabilities and equity | |||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||
current portion of long-term debt | 389,000,000 | 389,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 206,000,000 | 201,000,000 | 207,000,000 | 207,000,000 | 52,000,000 | 52,000,000 | 52,000,000 | |||||||||||||
accounts payable | 1,170,000,000 | 1,299,000,000 | 1,384,000,000 | 1,317,000,000 | 1,381,000,000 | 1,549,000,000 | 1,835,000,000 | 1,896,000,000 | 1,801,000,000 | 1,488,000,000 | 1,282,000,000 | 955,000,000 | 653,000,000 | 639,000,000 | 573,000,000 | 416,000,000 | 426,000,000 | 465,000,000 | 525,000,000 | 539,000,000 | 585,000,000 | 626,000,000 | 609,000,000 | 473,000,000 | 553,147,000 |
taxes payable | 125,000,000 | 123,000,000 | 128,000,000 | 135,000,000 | 116,000,000 | 109,000,000 | 136,000,000 | 121,000,000 | 97,000,000 | 80,000,000 | 93,000,000 | 78,000,000 | 62,000,000 | 67,000,000 | 74,000,000 | 47,000,000 | 48,000,000 | 52,000,000 | 59,000,000 | 55,000,000 | 52,000,000 | 62,000,000 | 58,000,000 | 59,000,000 | 48,803,000 |
interest payable | 77,000,000 | 26,000,000 | 77,000,000 | 26,000,000 | 77,000,000 | 27,000,000 | 86,000,000 | 43,000,000 | 91,000,000 | 49,000,000 | 75,000,000 | 42,000,000 | 57,000,000 | 55,000,000 | 58,000,000 | 56,000,000 | 48,000,000 | 54,000,000 | 51,000,000 | 57,000,000 | 53,000,000 | 58,000,000 | 52,000,000 | 74,000,000 | 14,185,000 |
derivative liabilities | 89,000,000 | 116,000,000 | 79,000,000 | 219,000,000 | 270,000,000 | 409,000,000 | 1,317,000,000 | 3,270,000,000 | 3,124,000,000 | 3,940,000,000 | 1,279,000,000 | 2,769,000,000 | 901,000,000 | 338,000,000 | 245,000,000 | 287,000,000 | 282,000,000 | 268,000,000 | 125,000,000 | 85,000,000 | 67,000,000 | 50,000,000 | 79,000,000 | 355,000,000 | |
current operating lease liabilities | 42,000,000 | 43,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 43,000,000 | 42,000,000 | 43,000,000 | 45,000,000 | 44,000,000 | 42,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 42,000,000 | 33,000,000 | 34,000,000 | 32,000,000 | 34,000,000 | ||||||
other current liabilities | 30,000,000 | 28,000,000 | 17,000,000 | 17,000,000 | 22,000,000 | 29,000,000 | 65,000,000 | 73,000,000 | 131,000,000 | 64,000,000 | 75,000,000 | 76,000,000 | 23,000,000 | 23,000,000 | 20,000,000 | 30,000,000 | 37,000,000 | 43,000,000 | 54,000,000 | 92,000,000 | 103,000,000 | 95,000,000 | 48,000,000 | 35,000,000 | 41,896,000 |
total current liabilities | 1,922,000,000 | 2,024,000,000 | 1,729,000,000 | 1,758,000,000 | 1,910,000,000 | 2,166,000,000 | 3,481,000,000 | 5,451,000,000 | 5,294,000,000 | 5,670,000,000 | 3,052,000,000 | 4,162,000,000 | 1,944,000,000 | 1,370,000,000 | 1,012,000,000 | 869,000,000 | 875,000,000 | 914,000,000 | 848,000,000 | 880,000,000 | 912,000,000 | 943,000,000 | 846,000,000 | 1,064,000,000 | 731,474,000 |
long-term debt | 3,784,000,000 | 3,609,000,000 | 3,947,000,000 | 4,114,000,000 | 4,036,000,000 | 3,935,000,000 | 4,392,000,000 | 4,855,000,000 | 5,081,000,000 | 4,895,000,000 | 5,201,000,000 | 4,036,000,000 | 2,814,000,000 | 2,812,000,000 | 3,150,000,000 | 2,450,000,000 | 2,440,000,000 | 2,279,000,000 | 2,242,000,000 | 2,219,000,000 | 2,267,000,000 | 2,267,000,000 | 2,318,000,000 | 4,612,000,000 | 1,703,403,000 |
long-term operating lease liabilities | 93,000,000 | 100,000,000 | 107,000,000 | 116,000,000 | 121,000,000 | 128,000,000 | 133,000,000 | 138,000,000 | 143,000,000 | 139,000,000 | 142,000,000 | 101,000,000 | 104,000,000 | 111,000,000 | 117,000,000 | 107,000,000 | 113,000,000 | 114,000,000 | 119,000,000 | ||||||
long-term derivative liabilities | 59,000,000 | 75,000,000 | 100,000,000 | 186,000,000 | 205,000,000 | 208,000,000 | 378,000,000 | 1,009,000,000 | 1,139,000,000 | 1,023,000,000 | 632,000,000 | 960,000,000 | 355,000,000 | 168,000,000 | 183,000,000 | 188,000,000 | |||||||||
other long-term liabilities | 227,000,000 | 224,000,000 | 220,000,000 | 262,000,000 | 240,000,000 | 246,000,000 | 209,000,000 | 210,000,000 | 206,000,000 | 214,000,000 | 251,000,000 | 237,000,000 | 162,000,000 | 160,000,000 | 156,000,000 | 124,000,000 | 267,000,000 | 227,000,000 | 219,000,000 | 325,000,000 | 245,000,000 | 256,000,000 | 225,000,000 | 434,000,000 | 235,021,000 |
total long-term liabilities | 4,163,000,000 | 4,008,000,000 | 4,374,000,000 | 4,678,000,000 | 4,602,000,000 | 4,517,000,000 | 5,121,000,000 | 6,239,000,000 | 6,595,000,000 | 6,296,000,000 | 6,249,000,000 | 5,365,000,000 | 3,468,000,000 | 3,291,000,000 | 3,651,000,000 | 2,904,000,000 | 2,857,000,000 | 2,660,000,000 | 2,623,000,000 | 2,583,000,000 | 2,551,000,000 | 2,566,000,000 | 2,589,000,000 | 5,095,000,000 | 3,103,509,000 |
commitments and contingencies | |||||||||||||||||||||||||
equity: | |||||||||||||||||||||||||
common stock, 0.01 par value... | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 11,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 5,000,000 | 3,516,000 |
additional paid-in capital | 7,206,000,000 | 7,199,000,000 | 7,188,000,000 | 7,185,000,000 | 7,182,000,000 | 7,178,000,000 | 7,172,000,000 | 7,169,000,000 | 7,168,000,000 | 7,159,000,000 | 7,150,000,000 | 6,688,000,000 | 5,104,000,000 | 5,102,000,000 | 5,093,000,000 | 4,882,000,000 | 4,730,000,000 | 4,728,000,000 | 4,726,000,000 | 4,723,000,000 | 4,720,000,000 | 4,717,000,000 | 4,715,000,000 | 4,677,000,000 | 946,512,000 |
accumulated deficit | -3,125,000,000 | -2,517,000,000 | -982,000,000 | -324,000,000 | -369,000,000 | -600,000,000 | -2,539,000,000 | -5,440,000,000 | -5,890,000,000 | -7,063,000,000 | -4,388,000,000 | -6,749,000,000 | -4,892,000,000 | -4,283,000,000 | -4,363,000,000 | -4,271,000,000 | -3,678,000,000 | -2,798,000,000 | -1,251,000,000 | -1,361,000,000 | -1,410,000,000 | -1,548,000,000 | -2,142,000,000 | -3,725,000,000 | |
accumulated other comprehensive loss | -1,000,000 | -1,000,000 | -25,000,000 | -25,000,000 | -25,000,000 | -25,000,000 | -34,000,000 | -35,000,000 | -38,000,000 | -38,000,000 | -32,000,000 | -33,000,000 | -33,000,000 | -33,000,000 | -31,000,000 | -32,000,000 | -36,000,000 | -36,000,000 | -39,000,000 | ||||||
common stock in treasury, 61,614,693 shares as of june 30, 2024 and december 31, 2023 | -327,000,000 | ||||||||||||||||||||||||
total equity | 3,765,000,000 | 4,366,000,000 | 5,888,000,000 | 6,537,000,000 | 6,489,000,000 | 6,254,000,000 | 4,324,000,000 | 1,414,000,000 | 1,043,000,000 | 2,547,000,000 | 586,000,000 | 497,000,000 | 384,000,000 | 823,000,000 | 1,701,000,000 | 3,246,000,000 | 3,135,000,000 | 3,082,000,000 | 2,937,000,000 | 2,362,000,000 | 917,000,000 | 3,081,808,000 | |||
total liabilities and equity | 9,850,000,000 | 10,398,000,000 | 11,991,000,000 | 12,973,000,000 | 13,001,000,000 | 12,937,000,000 | 12,926,000,000 | 13,104,000,000 | 12,932,000,000 | 11,847,000,000 | 11,848,000,000 | 9,241,000,000 | 5,394,000,000 | 5,247,000,000 | 5,160,000,000 | 4,157,000,000 | 4,555,000,000 | 5,275,000,000 | 6,717,000,000 | 6,598,000,000 | 6,545,000,000 | 6,446,000,000 | 5,797,000,000 | 7,076,000,000 | 6,916,791,000 |
natural gas and oil properties, using the full cost method, including 2,037 million as of march 31, 2024 and 2,075 million as of december 31, 2023 excluded from amortization | 38,308,000,000 | ||||||||||||||||||||||||
common stock in treasury, 61,614,693 shares as of march 31, 2024 and december 31, 2023 | -327,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 2,075 million as of december 31, 2023 and 2,217 million as of december 31, 2022 excluded from amortization | 37,772,000,000 | ||||||||||||||||||||||||
accumulated other comprehensive income | -3,000,000 | -9,000,000 | -9,000,000 | -9,000,000 | 6,000,000 | 55,607,000 | |||||||||||||||||||
common stock in treasury, 61,614,693 shares as of december 31, 2023 and as of december 31, 2022 | -327,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 2,140 million as of september 30, 2023 and 2,217 million as of december 31, 2022 excluded from amortization | 37,349,000,000 | ||||||||||||||||||||||||
common stock in treasury, 61,614,693 shares as of september 30, 2023 and december 31, 2022 | -327,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 2,163 million as of june 30, 2023 and 2,217 million as of december 31, 2022 excluded from amortization | 36,899,000,000 | ||||||||||||||||||||||||
common stock in treasury, 61,614,693 shares as of june 30, 2023 and december 31, 2022 | -327,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 2,185 million as of march 31, 2023 and 2,217 million as of december 31, 2022 excluded from amortization | 36,430,000,000 | ||||||||||||||||||||||||
common stock in treasury, 61,614,693 shares as of march 31, 2023 and december 31, 2022 | -327,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 2,217 million as of december 31, 2022 and 2,231 million as of december 31, 2021 excluded from amortization | 35,763,000,000 | ||||||||||||||||||||||||
pension and other postretirement liabilities | 9,000,000 | 27,000,000 | 26,000,000 | 25,000,000 | 23,000,000 | 31,000,000 | 33,000,000 | 40,000,000 | 45,000,000 | 35,000,000 | 37,000,000 | 40,000,000 | 43,000,000 | 39,000,000 | 39,000,000 | 43,000,000 | 46,000,000 | 49,000,000 | 33,773,000 | ||||||
common stock in treasury, 61,614,693 shares as of december 31, 2022 and 44,353,224 as of december 31, 2021 | -327,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 2,236 million as of september 30, 2022 and 2,231 million as of december 31, 2021 excluded from amortization | 35,293,000,000 | ||||||||||||||||||||||||
common stock in treasury, 57,966,919 shares as of september 30, 2022 and 44,353,224 shares as of december 31, 2021 | -302,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 2,256 million as of june 30, 2022 and 2,231 million as of december 31, 2021 excluded from amortization | 34,772,000,000 | ||||||||||||||||||||||||
common stock in treasury, 47,168,765 shares as of june 30, 2022 and 44,353,224 december 31, 2021 | -222,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 2,228 million as of march 31, 2022 and 2,231 million as of december 31, 2021 excluded from amortization | 34,184,000,000 | ||||||||||||||||||||||||
equity/ | |||||||||||||||||||||||||
common stock in treasury, 44,353,224 shares as of march 31, 2022 and december 31, 2021 | -202,000,000 | ||||||||||||||||||||||||
total equity/ | -119,000,000 | -286,000,000 | -18,000,000 | ||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 2,231 million as of december 31, 2021 and 1,472 million as of december 31, 2020 excluded from amortization | 33,631,000,000 | ||||||||||||||||||||||||
common stock in treasury, 44,353,224 shares as of december 31, 2021 and 2020 | -202,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 2,175 million as of september 30, 2021 and 1,472 million as of december 31, 2020 excluded from amortization | 31,486,000,000 | ||||||||||||||||||||||||
common stock in treasury, 44,353,224 shares as of september 30, 2021 and december 31, 2020 | -202,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 1,485 million as of june 30, 2021 and 1,472 million as of december 31, 2020 excluded from amortization | 27,796,000,000 | ||||||||||||||||||||||||
common stock in treasury, 44,353,224 shares as of june 30, 2021 and december 31, 2020 | -202,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 1,488 million as of march 31, 2021 and 1,472 million as of december 31, 2020 excluded from amortization | 27,532,000,000 | ||||||||||||||||||||||||
common stock in treasury, 44,353,224 shares as of march 31, 2021 and december 31, 2020 | -202,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 1,472 million as of december 31, 2020 and 1,506 million as of december 31, 2019 excluded from amortization | 27,261,000,000 | ||||||||||||||||||||||||
common stock in treasury, 44,353,224 shares as of december 31, 2020 and 2019 | -202,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 1,379 million as of september 30, 2020 and 1,506 million as of december 31, 2019 excluded from amortization | 25,969,000,000 | ||||||||||||||||||||||||
common stock in treasury, 44,353,224 shares as of september 30, 2020 and december 31, 2019 | -202,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 1,423 million as of june 30, 2020 and 1,506 million as of december 31, 2019 excluded from amortization | 25,739,000,000 | ||||||||||||||||||||||||
common stock in treasury, 44,353,224 shares as of june 30, 2020 and december 31, 2019 | -202,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 1,437 million as of march 31, 2020 and 1,506 million as of december 31, 2019 excluded from amortization | 25,488,000,000 | ||||||||||||||||||||||||
common stock in treasury, 44,353,224 shares as of march 31, 2020 and december 31, 2019 | -202,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 1,506 million as of december 31, 2019 and 1,755 million as of december 31, 2018 excluded from amortization | 25,250,000,000 | ||||||||||||||||||||||||
common stock in treasury, 44,353,224 shares as of december 31, 2019 and 39,092,537 shares as of december 31, 2018 | -202,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 1,518 million as of september 30, 2019 and 1,755 million as of december 31, 2018 excluded from amortization | 25,060,000,000 | ||||||||||||||||||||||||
common stock in treasury, 44,353,224 shares as of september 30, 2019 and 39,092,537 shares as of december 31, 2018 | -202,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 1,678 million as of june 30, 2019 and 1,755 million as of december 31, 2018 excluded from amortization | 24,823,000,000 | ||||||||||||||||||||||||
common stock in treasury, 44,353,224 shares as of june 30, 2019 and 39,092,537 shares as of december 31, 2018 | -202,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 1,673 million as of march 31, 2019 and 1,755 million as of december 31, 2018 excluded from amortization | 24,486,000,000 | ||||||||||||||||||||||||
gathering systems | 38,000,000 | 38,000,000 | 1,299,000,000 | 1,187,153,000 | |||||||||||||||||||||
common stock in treasury, 44,353,224 shares as of march 31, 2019 and 39,092,537 shares as of december 31, 2018 | -202,000,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 1,755 million as of december 31, 2018 and 1,817 million as of december 31, 2017 excluded from amortization | 24,180,000,000 | ||||||||||||||||||||||||
dividends payable | 27,000,000 | ||||||||||||||||||||||||
preferred stock, 0.01 par value... | |||||||||||||||||||||||||
common stock in treasury, 39,092,537 shares as of december 31, 2018 and 31,269 shares as of december 31, 2017 | -181,000,000 | ||||||||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||||||||
net income | 537,000,000 | -2,643,000,000 | 127,515,000 | ||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||
depreciation, depletion and amortization | 560,000,000 | 436,000,000 | 180,458,000 | ||||||||||||||||||||||
amortization of debt issuance costs | 8,000,000 | 14,000,000 | |||||||||||||||||||||||
impairments | 171,000,000 | ||||||||||||||||||||||||
deferred income taxes | -22,000,000 | 1,131,312,000 | |||||||||||||||||||||||
(gain) loss on derivatives, unsettled | 24,000,000 | ||||||||||||||||||||||||
stock-based compensation | 14,000,000 | 29,000,000 | 2,994,000 | ||||||||||||||||||||||
gain on sale of assets | -17,000,000 | ||||||||||||||||||||||||
restructuring charges | 30,000,000 | ||||||||||||||||||||||||
loss on early extinguishment of debt | 17,000,000 | 51,000,000 | |||||||||||||||||||||||
change in assets and liabilities: | |||||||||||||||||||||||||
other assets and liabilities | 6,000,000 | 5,000,000 | 16,037,000 | ||||||||||||||||||||||
net cash from operating activities | 1,223,000,000 | 498,000,000 | 372,138,000 | ||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||
capital investments | -1,290,000,000 | -593,000,000 | -483,634,000 | ||||||||||||||||||||||
proceeds from sale of property and equipment | 1,643,000,000 | 430,000,000 | |||||||||||||||||||||||
net cash from investing activities | 359,000,000 | -162,000,000 | -481,162,000 | ||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||
payments on current portion of long-term debt | |||||||||||||||||||||||||
payments on long-term debt | -2,095,000,000 | -1,175,000,000 | |||||||||||||||||||||||
payments on revolving credit facility | -1,983,000,000 | -3,268,000,000 | |||||||||||||||||||||||
borrowings under revolving credit facility | 1,983,000,000 | 3,152,000,000 | |||||||||||||||||||||||
payments on commercial paper | -242,000,000 | ||||||||||||||||||||||||
borrowings under commercial paper | 242,000,000 | ||||||||||||||||||||||||
change in bank drafts outstanding | 17,000,000 | -20,000,000 | 33,046,000 | ||||||||||||||||||||||
proceeds from issuance of long-term debt | 1,191,000,000 | ||||||||||||||||||||||||
debt issuance costs | -17,000,000 | ||||||||||||||||||||||||
proceeds from issuance of common stock | 1,247,000,000 | ||||||||||||||||||||||||
purchase of treasury stock | -180,000,000 | ||||||||||||||||||||||||
preferred stock dividend | -27,000,000 | -27,000,000 | |||||||||||||||||||||||
cash paid for tax withholding | |||||||||||||||||||||||||
net cash from financing activities | -2,297,000,000 | 1,072,000,000 | 72,945,000 | ||||||||||||||||||||||
increase in cash and cash equivalents | -715,000,000 | 1,408,000,000 | -36,075,000 | ||||||||||||||||||||||
cash and cash equivalents at beginning of year | 916,000,000 | 15,000,000 | 53,583,000 | ||||||||||||||||||||||
cash and cash equivalents at end of year | 201,000,000 | 1,423,000,000 | |||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 2,105 million as of december 31, 2016 and 3,727 million as of december 31, 2015 excluded from amortization | 22,653,000,000 | ||||||||||||||||||||||||
short-term debt | 41,000,000 | ||||||||||||||||||||||||
common stock in treasury, 31,269 and 47,149 shares as of december 31, 2016 and 2015, respectively | |||||||||||||||||||||||||
impairment of natural gas and oil properties | 2,321,000,000 | ||||||||||||||||||||||||
(gain) loss on derivatives, net of settlement | 373,000,000 | ||||||||||||||||||||||||
acquisitions | |||||||||||||||||||||||||
payments on short-term debt | |||||||||||||||||||||||||
proceeds from issuance of short-term debt | |||||||||||||||||||||||||
proceeds from exercise of common stock options | 4,799,000 | ||||||||||||||||||||||||
proceeds from issuance of mandatory convertible preferred stock | |||||||||||||||||||||||||
restricted cash | 7,108,000 | ||||||||||||||||||||||||
inventories | 30,408,000 | ||||||||||||||||||||||||
hedging asset | 133,012,000 | ||||||||||||||||||||||||
natural gas and oil properties, using the full cost method, including 1,090.1 million in 2013 and 1,023.9 million in 2012 excluded from amortization | 11,766,978,000 | ||||||||||||||||||||||||
other assets | 118,476,000 | ||||||||||||||||||||||||
advances from partners | 24,511,000 | ||||||||||||||||||||||||
current deferred income taxes | 48,932,000 | ||||||||||||||||||||||||
retained earnings | 2,076,665,000 | ||||||||||||||||||||||||
common stock in treasury, 14,223 shares in 2013 and 64,715 in 2012 | -492,000 | ||||||||||||||||||||||||
see the accompanying notes which are an integral part of these | |||||||||||||||||||||||||
unaudited condensed consolidated financial statements. | |||||||||||||||||||||||||
southwestern energy company and subsidiaries | |||||||||||||||||||||||||
condensed consolidated statements of cash flows | |||||||||||||||||||||||||
cash flows from operating activities | |||||||||||||||||||||||||
commodity derivative loss | 30,800,000 | ||||||||||||||||||||||||
cash flows from investing activities | |||||||||||||||||||||||||
transfers from restricted cash | 1,434,000 | ||||||||||||||||||||||||
cash flows from financing activities | |||||||||||||||||||||||||
payments on revolving long-term debt | -369,700,000 | ||||||||||||||||||||||||
borrowings under revolving long-term debt | 404,800,000 | ||||||||||||||||||||||||
effect of exchange rate changes on cash | 4,000 | ||||||||||||||||||||||||
cash and cash equivalents at end of period | 17,508,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2013-03-31 | 2012-12-31 | 2012-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||
net income | -608,000,000 | -1,535,000,000 | -658,000,000 | 45,000,000 | 231,000,000 | 1,939,000,000 | 2,901,000,000 | 450,000,000 | 1,173,000,000 | -2,675,000,000 | 2,361,000,000 | -1,857,000,000 | -609,000,000 | 80,000,000 | -92,000,000 | -593,000,000 | -880,000,000 | -1,547,000,000 | 110,000,000 | 49,000,000 | 138,000,000 | 594,000,000 | 307,000,000 | 127,515,000 | -181,853,000 | -770,790,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||
depreciation, depletion and amortization | 226,000,000 | 262,000,000 | 328,000,000 | 338,000,000 | 328,000,000 | 313,000,000 | 313,000,000 | 298,000,000 | 288,000,000 | 275,000,000 | 212,000,000 | 138,000,000 | 100,000,000 | 96,000,000 | 90,000,000 | 70,000,000 | 84,000,000 | 113,000,000 | 119,000,000 | 119,000,000 | 121,000,000 | 112,000,000 | 124,000,000 | 180,458,000 | 209,823,000 | 408,476,000 |
amortization of debt issuance costs | 2,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 4,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | 3,000,000 | 3,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | |||
impairments | 631,000,000 | 2,093,000,000 | 0 | 335,000,000 | 361,000,000 | 655,000,000 | 1,479,000,000 | 8,000,000 | 10,000,000 | |||||||||||||||||
deferred income taxes | -176,000,000 | -430,000,000 | -280,000,000 | 21,000,000 | -5,000,000 | 12,000,000 | 1,000,000 | 0 | 0 | 408,000,000 | -9,000,000 | 11,000,000 | 15,000,000 | -426,000,000 | 84,961,000 | -141,097,000 | -424,748,000 | |||||||||
(gain) loss on derivatives, unsettled | 285,000,000 | 30,000,000 | -526,000,000 | 69,000,000 | -107,000,000 | -1,524,000,000 | 772,000,000 | 169,000,000 | -134,000,000 | -246,000,000 | 14,000,000 | -12,000,000 | -118,000,000 | 22,000,000 | -89,000,000 | |||||||||||
stock-based compensation | 5,000,000 | 7,000,000 | 2,000,000 | 2,000,000 | 4,000,000 | 1,000,000 | 0 | 1,000,000 | 2,000,000 | 1,000,000 | 0 | 0 | 1,000,000 | 0 | 1,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,994,000 | 3,569,000 | |||
loss on early extinguishment of debt | 0 | 0 | 0 | 19,000,000 | 0 | 4,000,000 | 2,000,000 | 9,000,000 | ||||||||||||||||||
other | 3,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 0 | 2,000,000 | 0 | 0 | 3,000,000 | -1,000,000 | -6,000,000 | 2,000,000 | 2,000,000 | -1,000,000 | 3,000,000 | -1,000,000 | 1,000,000 | 9,000,000 | 1,000,000 | -1,000,000 | -476,000 | 1,495,000 | ||||
change in assets and liabilities: | ||||||||||||||||||||||||||
accounts receivable | -54,000,000 | 190,000,000 | -78,000,000 | -4,000,000 | 69,000,000 | 734,000,000 | 362,000,000 | 19,000,000 | -710,000,000 | 89,000,000 | -278,000,000 | -107,000,000 | -7,000,000 | -33,000,000 | -56,000,000 | 12,000,000 | 41,000,000 | 53,000,000 | -23,000,000 | 36,000,000 | 32,000,000 | 189,000,000 | -9,689,000 | -79,865,000 | 156,503,000 | |
accounts payable | -45,000,000 | -94,000,000 | -13,000,000 | 1,000,000 | -106,000,000 | -257,000,000 | -116,000,000 | 73,000,000 | 307,000,000 | 126,000,000 | 203,000,000 | -17,000,000 | 42,000,000 | 33,000,000 | -2,000,000 | -8,000,000 | -35,000,000 | -86,000,000 | -17,000,000 | 5,000,000 | -81,000,000 | -48,000,000 | 5,000,000 | 7,312,000 | 52,325,000 | -95,855,000 |
taxes payable | 2,000,000 | -5,000,000 | -6,000,000 | 18,000,000 | 7,000,000 | -27,000,000 | 15,000,000 | 24,000,000 | 17,000,000 | -13,000,000 | 6,000,000 | 2,000,000 | -4,000,000 | -8,000,000 | 5,000,000 | -1,000,000 | -5,000,000 | -6,000,000 | 3,000,000 | -10,000,000 | 4,000,000 | -14,177,000 | 26,078,000 | -54,920,000 | ||
interest payable | -29,000,000 | 28,000,000 | -28,000,000 | 28,000,000 | -33,000,000 | 26,000,000 | -29,000,000 | 23,000,000 | -16,000,000 | 19,000,000 | -2,000,000 | -14,000,000 | 4,000,000 | -2,000,000 | 1,000,000 | 1,000,000 | -1,000,000 | 2,000,000 | -7,245,000 | 7,364,000 | -22,259,000 | |||||
inventories | 0 | -1,000,000 | -12,000,000 | 10,000,000 | -11,000,000 | -14,000,000 | 10,000,000 | -3,000,000 | -9,000,000 | 4,000,000 | -1,000,000 | -5,000,000 | -6,000,000 | 9,000,000 | -1,000,000 | -3,000,000 | -2,000,000 | 8,000,000 | -5,000,000 | -6,000,000 | -1,944,000 | 1,503,000 | 14,818,000 | |||
other assets and liabilities | -9,000,000 | 5,000,000 | -21,000,000 | 3,000,000 | -15,000,000 | -30,000,000 | -16,000,000 | -52,000,000 | 47,000,000 | -54,000,000 | -12,000,000 | -8,000,000 | -25,000,000 | 1,000,000 | -18,000,000 | 17,000,000 | 12,000,000 | 9,000,000 | 25,000,000 | -17,000,000 | -14,000,000 | -11,000,000 | 47,000,000 | 16,037,000 | 38,453,000 | -21,478,000 |
net cash from operating activities | 291,000,000 | 496,000,000 | 477,000,000 | 477,000,000 | 425,000,000 | 1,137,000,000 | 958,000,000 | 797,000,000 | 427,000,000 | 972,000,000 | 533,000,000 | 213,000,000 | 270,000,000 | 347,000,000 | 121,000,000 | 153,000,000 | 94,000,000 | 160,000,000 | 225,000,000 | 196,000,000 | 101,000,000 | 442,000,000 | 252,000,000 | 372,138,000 | 461,465,000 | 604,225,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 291,000,000 | 496,000,000 | 477,000,000 | 477,000,000 | 425,000,000 | 1,137,000,000 | 958,000,000 | 797,000,000 | 427,000,000 | 972,000,000 | 533,000,000 | 213,000,000 | 270,000,000 | 347,000,000 | 121,000,000 | 153,000,000 | 94,000,000 | 160,000,000 | 225,000,000 | 196,000,000 | 101,000,000 | 442,000,000 | 252,000,000 | 372,138,000 | 461,465,000 | 604,225,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||
capital investments | -459,000,000 | -521,000,000 | -337,000,000 | -547,000,000 | -616,000,000 | -670,000,000 | -492,000,000 | -573,000,000 | -550,000,000 | -500,000,000 | -285,000,000 | -254,000,000 | -266,000,000 | -227,000,000 | -196,000,000 | -228,000,000 | -244,000,000 | -228,000,000 | -222,000,000 | -291,000,000 | -328,000,000 | -258,000,000 | -282,000,000 | -483,634,000 | -484,004,000 | -811,330,000 |
proceeds from sale of property and equipment | 0 | 0 | 57,000,000 | 14,000,000 | 0 | 2,000,000 | 1,000,000 | 1,000,000 | 10,000,000 | 0 | 12,000,000 | 16,000,000 | 1,634,000,000 | -60,000 | ||||||||||||
net cash from investing activities | -455,000,000 | -521,000,000 | -337,000,000 | -547,000,000 | -493,000,000 | -670,000,000 | -435,000,000 | -559,000,000 | -549,000,000 | -500,000,000 | -1,542,000,000 | -570,000,000 | -265,000,000 | -227,000,000 | -183,000,000 | -228,000,000 | -242,000,000 | -228,000,000 | -210,000,000 | -275,000,000 | -302,000,000 | -258,000,000 | 1,354,000,000 | -481,162,000 | -362,252,000 | -1,322,221,000 |
cash flows from financing activities: | ||||||||||||||||||||||||||
payments on long-term debt | 0 | 0 | 0 | -437,000,000 | -541,000,000 | 0 | -50,000,000 | -21,000,000 | -333,000,000 | 0 | 0 | -20,000,000 | -52,000,000 | -11,000,000 | -904,000,000 | |||||||||||
payments on revolving credit facility | -532,000,000 | -981,000,000 | -1,674,000,000 | -1,098,000,000 | -589,000,000 | -1,357,000,000 | -1,730,000,000 | -4,777,000,000 | -2,761,000,000 | -2,803,000,000 | -3,227,000,000 | -1,619,000,000 | -859,000,000 | -923,000,000 | -222,000,000 | -530,000,000 | -419,000,000 | -500,000,000 | -861,000,000 | |||||||
borrowings under revolving credit facility | 707,000,000 | 1,031,000,000 | 1,506,000,000 | 1,176,000,000 | 689,000,000 | 1,317,000,000 | 1,800,000,000 | 4,551,000,000 | 2,993,000,000 | 2,517,000,000 | 3,022,000,000 | 1,716,000,000 | 860,000,000 | 790,000,000 | 922,000,000 | 194,000,000 | 606,000,000 | 615,000,000 | 501,000,000 | |||||||
change in bank drafts outstanding | -25,000,000 | -12,000,000 | 23,000,000 | -7,000,000 | -10,000,000 | -33,000,000 | 17,000,000 | 33,000,000 | -5,000,000 | 34,000,000 | -28,000,000 | 7,000,000 | 10,000,000 | -1,000,000 | -13,000,000 | 5,000,000 | -8,000,000 | -4,000,000 | -10,000,000 | 3,000,000 | 7,000,000 | 33,046,000 | -37,235,000 | -18,016,000 | ||
cash paid for tax withholding | 0 | -5,000,000 | 0 | 0 | 0 | -4,000,000 | 0 | 0 | 0 | -4,000,000 | 0 | 0 | 0 | -3,000,000 | -3,000,000 | 0 | 0 | 0 | 0 | -1,000,000 | ||||||
net cash from financing activities | 150,000,000 | 33,000,000 | -145,000,000 | 71,000,000 | 90,000,000 | -514,000,000 | -484,000,000 | -277,000,000 | 151,000,000 | -479,000,000 | 1,025,000,000 | 367,000,000 | -7,000,000 | -129,000,000 | -20,000,000 | 160,000,000 | 153,000,000 | 68,000,000 | -39,000,000 | -47,000,000 | -10,000,000 | -19,000,000 | -1,414,000,000 | 72,945,000 | -64,002,000 | 545,544,000 |
decrease in cash and cash equivalents | -47,000,000 | -7,000,000 | -9,000,000 | -24,000,000 | -126,000,000 | |||||||||||||||||||||
cash and cash equivalents at beginning of year | 0 | 21,000,000 | 0 | 0 | 0 | 50,000,000 | 0 | 0 | 0 | 28,000,000 | 0 | 0 | 0 | 13,000,000 | 0 | 0 | 0 | 5,000,000 | 0 | 0 | 0 | 201,000,000 | 0 | 53,583,000 | 0 | 13,795,000 |
cash and cash equivalents at end of period | -14,000,000 | 29,000,000 | 1,000,000 | 22,000,000 | 3,000,000 | -39,000,000 | 29,000,000 | 21,000,000 | 10,000,000 | -2,000,000 | 4,000,000 | 85,000,000 | 5,000,000 | 5,000,000 | -126,000,000 | -211,000,000 | 366,000,000 | 17,508,000 | 35,023,000 | -158,667,000 | ||||||
increase in cash and cash equivalents | 8,000,000 | 16,000,000 | 10,000,000 | -82,000,000 | 85,000,000 | 165,000,000 | -36,075,000 | 35,023,000 | -172,462,000 | |||||||||||||||||
changes in assets and liabilities, net of effect of mergers: | ||||||||||||||||||||||||||
cash acquired in mergers | ||||||||||||||||||||||||||
cash paid in mergers | ||||||||||||||||||||||||||
payments on current portion of long-term debt | -5,000,000 | -1,000,000 | -2,000,000 | -202,000,000 | -600,000 | |||||||||||||||||||||
repayment of revolving credit facilities associated with mergers | ||||||||||||||||||||||||||
proceeds from exercise of common stock options | 0 | 0 | 4,799,000 | 762,000 | 6,355,000 | |||||||||||||||||||||
proceeds from issuance of long-term debt | 1,700,000,000 | 0 | 0 | 398,780,000 | ||||||||||||||||||||||
debt issuance and other financing costs | ||||||||||||||||||||||||||
purchase of treasury stock | -25,000,000 | -80,000,000 | 0 | 0 | 0 | -21,000,000 | -155,000,000 | |||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||
debt issuance/amendment costs | -3,000,000 | -24,000,000 | ||||||||||||||||||||||||
change in assets and liabilities, excluding impact from acquisitions: | ||||||||||||||||||||||||||
(gain) loss on early extinguishment of debt | -1,000,000 | |||||||||||||||||||||||||
repayment of montage senior notes | ||||||||||||||||||||||||||
proceeds from issuance of common stock | 0 | |||||||||||||||||||||||||
loss on derivatives, unsettled | 14,000,000 | -722,000,000 | 3,232,000,000 | |||||||||||||||||||||||
cash acquired through acquisitions | ||||||||||||||||||||||||||
cash paid through acquisitions | ||||||||||||||||||||||||||
repayment of indigo revolving credit facility | ||||||||||||||||||||||||||
loss on sale of assets | 0 | |||||||||||||||||||||||||
gain on early extinguishment of debt | 0 | -7,000,000 | -28,000,000 | |||||||||||||||||||||||
cash acquired in indigo acquisition | ||||||||||||||||||||||||||
cash paid in indigo acquisition | ||||||||||||||||||||||||||
(gain) loss on sale of assets | ||||||||||||||||||||||||||
cash acquired in montage merger | ||||||||||||||||||||||||||
repayment of montage revolving credit facility | ||||||||||||||||||||||||||
preferred stock dividend | 0 | |||||||||||||||||||||||||
debt issuance costs | -1,000 | |||||||||||||||||||||||||
gain on derivatives, unsettled | ||||||||||||||||||||||||||
gain on sale of assets | ||||||||||||||||||||||||||
restructuring charges | ||||||||||||||||||||||||||
payments on commercial paper | ||||||||||||||||||||||||||
borrowings under commercial paper | ||||||||||||||||||||||||||
payments on short-term debt | ||||||||||||||||||||||||||
impairment of natural gas and oil properties | 562,370,000 | |||||||||||||||||||||||||
cash flows from operating activities | ||||||||||||||||||||||||||
commodity derivative loss | 30,800,000 | |||||||||||||||||||||||||
advances from partners | -44,408,000 | -41,318,000 | ||||||||||||||||||||||||
cash flows from investing activities | ||||||||||||||||||||||||||
transfers from restricted cash | 1,434,000 | 118,546,000 | ||||||||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||
payments on revolving long-term debt | -369,700,000 | -489,900,000 | 69,600,000 | |||||||||||||||||||||||
borrowings under revolving long-term debt | 404,800,000 | 463,400,000 | 127,600,000 | |||||||||||||||||||||||
effect of exchange rate changes on cash | 4,000 | -188,000 | ||||||||||||||||||||||||
unrealized gain on derivatives | 2,618,000 | |||||||||||||||||||||||||
tax benefit for stock-based compensation | ||||||||||||||||||||||||||
transfers to restricted cash | -14,000 | |||||||||||||||||||||||||
revolving credit facility costs | ||||||||||||||||||||||||||
unrealized loss on derivatives | ||||||||||||||||||||||||||
stock-based compensation expense | ||||||||||||||||||||||||||
gain on sale of property, plant and equipment | ||||||||||||||||||||||||||
minority interest in partnership | ||||||||||||||||||||||||||
under/over-recovered purchased gas costs | ||||||||||||||||||||||||||
advances from partners and customer deposits | ||||||||||||||||||||||||||
deferred tax benefit – stock options | ||||||||||||||||||||||||||
proceeds from sale of property, plant and equipment | ||||||||||||||||||||||||||
other items | ||||||||||||||||||||||||||
debt retirement | ||||||||||||||||||||||||||
debt issuance cost and revolving credit facility costs | ||||||||||||||||||||||||||
excess tax benefit for stock-based compensation |
