← COMSTOCK RESOURCES INC
| Annual Trend | FY 2015 | FY 2016 | FY 2017 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income From Continuing Operations | — | — | — | $96.9m | ($52.4m) | ($241.7m) | $1.1b | $211.9m | ($218.8m) | $420.2m | $532.4m | |
| Net Income (Loss) Attributable to Parent | ($1.0b) |
($135.1m)
+87.09%
|
($111.4m)
+17.56%
|
$96.9m
+186.97%
|
($52.4m)
-154.10%
|
($241.7m)
-361.16%
|
$1.1b
+571.98%
|
$211.1m
-81.50%
|
($229.7m)
-208.78%
|
$395.6m
+272.27%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($1.0b) |
($135.1m)
+87.09%
|
($111.4m)
+17.56%
|
$74.5m
+166.85%
|
($83.4m)
-212.00%
|
($259.2m)
-210.77%
|
$1.1b
+533.93%
|
$211.9m
-81.16%
|
($218.8m)
-203.24%
|
$420.2m
+292.09%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $777k | $10.9m | $24.6m | — | |
| Depreciation, Depletion and Amortization | $321.3m | $141.5m | $123.6m | $276.5m | $417.1m | $469.4m | $489.4m | $607.9m | $795.4m | $641.2m | $623.9m | |
| Amortization of Debt Issuance Costs and Discounts | $5.1m | $17.8m | $35.9m | $16.3m | $34.0m | $21.7m | $10.3m | $8.0m | $11.5m | $12.0m | — | |
| Amortization of debt discount, premium and issuance costs | $5.1m | $17.8m | $35.9m | $16.3m | $34.0m | $21.7m | $10.3m | $8.0m | $11.5m | $12.0m | — | |
| Depreciation Amortization Depletion | $321.3m | $141.5m | $123.6m | $276.5m | $417.1m | $469.4m | $489.4m | $607.9m | $795.4m | $641.2m | $623.9m | |
| Deferred Income Tax Expense (Benefit) | ($155.2m) | $7.1m | ($18.1m) | $28.0m | ($9.4m) | ($3.6m) | $228.3m | $44.3m | ($124.9m) | $92.0m | $100.8m | |
| Deferred Tax | — | — | — | — | — | ($3.6m) | $228.3m | $44.3m | ($124.9m) | $92.0m | $100.8m | |
| Share-based Payment Arrangement, Noncash Expense | $8.1m | $4.7m | $5.9m | $4.0m | $6.5m | $6.8m | $6.6m | $9.9m | $15.3m | $21.2m | $27.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $526k | $313k | $312k | $220k | $692k | $1.4m | $6.3m | $1.9m | $3.4m | $11.0m | — | |
| Stock-based compensation | $8.1m | $4.7m | $5.9m | $4.0m | $6.5m | $6.8m | $6.6m | $9.9m | $15.3m | $21.2m | $27.1m | |
| Impairment of natural gas and oil properties | $801.3m | $27.1m | $44.0m | — | — | — | — | $0 | $0 | $29.1m | — | |
| Asset Impairment Charge | — | — | — | — | — | — | — | $0 | $0 | $29.1m | $0 | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | $1.8m | $1.2m | $3.1m | — | |
| Nonoperating Income (Expense) | ($35.9m) | $55.8m | ($129.2m) | ($150.2m) | ($224.7m) | ($1.1b) | ($879.5m) | $20.4m | ($199.2m) | ($137.1m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($23.4m) | $242.3m | ($54.9m) | $38.3m | $26.4m | |
| Increase (Decrease) in Accounts Receivable | ($30.2m) | $3.7m | $16.1m | ($3.2m) | ($34.6m) | $122.0m | $242.4m | ($278.7m) | ($56.6m) | $60.5m | $138k | |
| Change In Receivables | — | — | — | — | — | — | ($242.4m) | $278.7m | $56.6m | ($60.5m) | $138k | |
| Changes In Account Receivables | — | — | — | — | — | — | ($242.4m) | $278.7m | $56.6m | ($60.5m) | $138k | |
| Increase (decrease) in accounts payable and accrued expenses | ($46.5m) | ($12.0m) | $80.0m | $15.5m | $12.9m | $74.8m | $229.3m | ($37.1m) | ($88.5m) | $81.3m | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $229.3m | ($37.1m) | ($88.5m) | $81.3m | $37.6m | |
| (Increase) decrease in other current assets | $8.1m | $169k | ($921k) | $9.8m | $7.0m | ($2.0m) | ($10.3m) | $745k | ($22.9m) | $17.5m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($10.3m) | $745k | ($22.9m) | $17.5m | ($11.3m) | |
| Net Cash Provided by (Used in) Operating Activities | $30.1m |
($23.7m)
-178.87%
|
$174.6m
+835.90%
|
$451.2m
+158.42%
|
$575.7m
+27.58%
|
$859.0m
+49.21%
|
$1.7b
+97.72%
|
$1.0b
-40.13%
|
$620.3m
-38.99%
|
$899.6m
+45.02%
|
$819.5m
-8.91%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | ($1.6m) | — | — | — | — | — | — | — | — | ($519.1m) | |
| Payments to Acquire Property, Plant, and Equipment | $264.2m | $57.4m | $180.5m | $486.8m | $509.7m | $689.2m | $1.1b | $1.4b | $1.1b | $1.3b | ($1.6b) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($1.1b) | ($1.4b) | ($1.1b) | ($1.3b) | ($1.6b) | |
| Net Other Investing Changes | — | — | — | — | — | — | ($29.9m) | $7.3m | $13.2m | $433.9m | $433.9m | |
| Net cash used for investing activities | ($161.7m) | ($29.6m) | ($179.0m) | ($1.2b) | ($511.2m) | ($550.8m) | ($1.1b) | ($1.4b) | ($1.1b) | ($915.4m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($161.7m) | ($29.6m) | ($179.0m) | ($1.2b) | ($511.2m) | ($550.8m) | ($1.1b) | ($1.4b) | ($1.1b) | ($915.4m) | ($1.1b) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $78.7m | $189.1m | — | $0 | ($861k) | ($352.6m) | ($46.8m) | $0 | $0 | — | — | |
| Loss on early extinguishment of debt | ($78.7m) | ($189.1m) | — | $0 | $861k | $352.6m | $46.8m | $0 | $0 | — | — | |
| Borrowings on bank credit facility | — | — | $8.0m | $927.0m | $157.0m | $555.0m | $755.0m | $820.0m | $645.0m | $750.0m | — | |
| Proceeds from Issuance of Long-term Debt | $790.0m | — | $8.0m | — | $751.5m | $2.2b | $0 | $0 | $372.0m | $0 | $1.1b | |
| Debt and stock issuance costs | ($16.2m) | ($11.1m) | — | ($8.6m) | ($24.6m) | ($35.8m) | ($10.8m) | ($144k) | ($6.9m) | ($36k) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $755.0m | $820.0m | $1.0b | $750.0m | $1.1b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $755.0m | $820.0m | $1.0b | $750.0m | $1.1b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($508.9m) | $480.0m | $307.0m | ($155.0m) | $70.0m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($508.9m) | $480.0m | $307.0m | ($155.0m) | $70.0m | |
| Repayments of Long-term Debt | $507.7m | — | $8.0m | — | — | — | — | — | — | — | ($1.1b) | |
| Long Term Debt Payments | — | — | — | — | — | — | ($1.3b) | ($340.0m) | ($710.0m) | ($905.0m) | ($1.1b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($1.3b) | ($340.0m) | ($710.0m) | ($905.0m) | ($1.1b) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $0 | $0 | $100.5m | $0 | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Proceeds from Issuance of Common Stock | — | — | — | $300.0m | $206.6m | $0 | $0 | $0 | $100.5m | $0 | $0 | |
| Common Stock Issuance | — | — | — | — | $206.6m | $0 | $0 | $0 | $100.5m | $0 | $0 | |
| Payments for Repurchase of Common Stock | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | $0 | $0 | $34.7m | $139.0m | $0 | $0 | $0 | |
| Common stock dividends paid | — | — | — | — | $0 | $0 | ($34.7m) | ($139.0m) | $0 | $0 | — | |
| Common Stock Dividend Paid | — | — | — | — | $0 | $0 | ($34.7m) | ($139.0m) | $0 | $0 | $0 | |
| Preferred stock dividends paid | — | — | — | ($17.8m) | ($25.6m) | ($17.5m) | ($16.0m) | $0 | $0 | — | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($50.7m) | ($139.0m) | $0 | $0 | $0 | |
| Preferred Stock Dividend Paid | — | — | — | ($17.8m) | ($25.6m) | ($17.5m) | ($16.0m) | $0 | $0 | — | $0 | |
| Net Other Financing Charges | — | — | — | — | — | — | ($17.1m) | $22.0m | $46.6m | $187.9m | $217.0m | |
| Net Cash Provided by (Used in) Financing Activities | $263.6m | — | — | $714.9m |
($52.8m)
-107.38%
|
($307.8m)
-483.36%
|
($576.7m)
-87.37%
|
$363.0m
+162.94%
|
$454.1m
+25.10%
|
$32.9m
-92.75%
|
$287.0m
+771.35%
|
|
| Net increase (decrease) in cash and cash equivalents | $131.9m | ($68.1m) | ($4.6m) | ($4.7m) | $11.7m | $391k | $24.0m | ($38.0m) | ($9.9m) | $17.1m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($4.7m) | $11.7m | $391k | $24.0m | ($38.0m) | ($9.9m) | $17.1m | $45.0m | |
| Beginning Cash Position | — | — | — | — | — | — | $30.7m | $54.7m | $16.7m | $6.8m | $25.9m | |
| Cash and cash equivalents, beginning of the year | $2.1m | $134.0m | $65.9m | $18.5m | $30.3m | $30.7m | $54.7m | $16.7m | $6.8m | $23.9m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ($1.0b) | — | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | $17k | ($162.1m) | $340k | $125k | — | — | — | |
| Income Tax Expense (Benefit) | ($154.4m) | $7.2m | ($17.9m) | $27.8m | ($9.2m) | $11.4m | $261.1m | $35.1m | ($149.1m) | $88.5m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $210.6m | $222.8m | — | |
| Additional Financial Items | ||||||||||||
| Asset Retirement Obligation, Accretion Expense | $673k | $938k | $810k | $568k | $1.2m | $1.2m | $1.5m | $1.7m | $1.8m | $1.7m | — | |
| General and Administrative Expense | $23.5m | $24.0m | $26.1m | $29.2m | $32.0m | $34.9m | $39.4m | $38.0m | $39.4m | $48.7m | — | |
| Goodwill | — | — | — | $335.9m | $335.9m | $335.9m | $335.9m | $335.9m | $335.9m | $335.9m | $0 | |
| Operating Expenses | $1.4b | $359.5m | $255.5m | $493.8m | $695.2m | $950.0m | $1.3b | $1.3b | $1.4b | $1.6b | — | |
| Proceeds from Contributions from Affiliates | — | — | — | — | $0 | — | — | — | — | — | — | |
| Gain on sale of assets | $112.1m | $14.3m | $1.1m | $25k | ($17k) | $162.1m | ($340k) | ($125k) | ($875k) | ($291.9m) | — | |
| Gain on derivative financial instruments | ($2.7m) | $5.4m | ($16.8m) | ($51.7m) | ($10.0m) | $560.6m | $662.5m | ($187.6m) | ($10.2m) | ($82.5m) | — | |
| Cash settlements of derivative financial instruments | $1.2m | $2.1m | $9.4m | $52.7m | $134.5m | ($419.7m) | ($862.7m) | $80.3m | $207.8m | $20.1m | — | |
| Prepaid drilling costs | — | — | — | $9.3m | ($1.8m) | $0 | ($34.1m) | ($34.0m) | $12.0m | $5.0m | — | |
| Proceeds from sales of assets | — | — | — | $475k | $287k | $138.4m | $4.2m | $41.3m | $1.2m | $428.9m | — | |
| Repayments on bank credit facility | — | — | ($8.0m) | ($127.0m) | ($907.0m) | ($820.0m) | ($990.0m) | ($340.0m) | ($710.0m) | ($905.0m) | — | |
| Issuance of Senior Notes | $790.0m | — | $8.0m | $0 | $751.5m | $2.2b | $0 | $0 | $372.0m | $0 | — | |
| Retirement of Senior Notes | — | — | — | $0 | $0 | ($2.2b) | ($273.9m) | $0 | $0 | — | — | |
| Income tax withholdings on equity awards | ($526k) | ($313k) | ($312k) | ($220k) | ($692k) | ($1.4m) | ($6.3m) | ($1.9m) | ($3.4m) | ($11.0m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($576.7m) | $363.0m | $454.1m | $32.9m | $287.0m | |
| Cash Flow From Continuing Investing Activities | ($161.7m) | ($29.6m) | ($179.0m) | ($1.2b) | ($511.2m) | ($550.8m) | ($1.1b) | ($1.4b) | ($1.1b) | ($915.4m) | ($1.1b) | |
| Changes In Cash | — | — | — | — | — | — | $24.0m | ($38.0m) | ($9.9m) | $17.1m | $19.1m | |
| End Cash Position | — | — | — | — | — | — | $54.7m | $16.7m | $6.8m | $23.9m | $45.0m | |
| Financing Cash Flow | — | — | — | — | — | — | ($576.7m) |
$363.0m
+162.94%
|
$454.1m
+25.10%
|
$32.9m
-92.75%
|
$287.0m
+771.35%
|
|
| Free Cash Flow | — | — | — | — | — | — | $630.6m | ($408.2m) | ($477.1m) | ($449.7m) | ($735.2m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $662.5m | ($187.6m) | ($10.2m) | ($82.5m) | ($223.8m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.1b) | ($1.4b) | ($1.1b) | ($915.4m) | ($1.1b) | |
| Net Preferred Stock Issuance | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | $709.0m | ($187.8m) | ($11.1m) | ($374.5m) | ($519.1m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($852.5m) | $88.3m | $219.3m | $32.1m | — | |
| Preferred Stock Payments | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($2.7m) | $5.4m | ($16.8m) | $51.7m | $10.0m | ($560.6m) | ($662.5m) | $187.6m | $10.2m | $82.5m | — | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | — | $24.0m | $60.5m | $215.5m | — | |
| Contributions from noncontrolling interest | — | — | — | — | — | $0 | $0 | $24.0m | $60.5m | $215.5m | — | |
| Distributions to noncontrolling interest | — | — | — | — | — | — | $0 | $0 | ($3.7m) | ($16.5m) | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $24.0m | ($38.0m) | ($9.9m) | $17.1m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | — | $166.3m | $161.0m | $190.0m | $210.8m | — | |
| Income Taxes Paid, Net | $77k | — | $3k | $2k | $10.2m | ($149k) | $16.5m | $29.8m | $37k | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.