Comstock Resources (CRK) FY2014 results: revenue $555 million, up 32.1% on the year
Comstock Resources Inc. (CRK) reported revenue of $555 million for fiscal 2014, the year ended 31 December 2014, up 32.1% on the year before. Net income was -$57 million, and diluted earnings per share $-1.24. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2015.
Revenue
$555 million
+32.1% on the year
FY2010FY2014
Operating margin
-5.8%
-17.2% a year earlier
FY2010FY2014
Net income
-$57 million
FY2010FY2014
Diluted EPS
-$1.24
FY2010FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
555
420
409
+32.1%
Operating income
-32.1
-72.3
-145
Operating margin
-5.8%
-17.2%
-35.4%
Interest expense
58.6
73.2
57.9
-19.9%
Pre-tax income
-81.8
-163
-154
Income tax
-24.7
-56.2
-50.6
Net income
-57.1
41.0
-100
Net margin
-10.3%
9.8%
-24.5%
Diluted EPS
-$1.24
$0.85
-$2.16
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
401
261
262
+53.5%
Capital expenditure
635
422
385
+50.3%
Free cash flow
-234
-161
-123
Free cash flow margin
-42.1%
-38.3%
-30.0%
Cash from investing
-635
313
-384
Cash from financing
233
-576
118
Depreciation and amortisation
378
337
344
+12.2%
Share-based compensation
10.7
12.8
13.7
-16.3%
Buybacks
8.1
9.2
n/a
-12.4%
Dividends paid
23.8
18.0
n/a
+32.4%
Dividend per share
$0.50
$0.38
n/a
+33.3%
Diluted shares, weighted
47m
47m
46m
-0.0%
Shares outstanding at period end
47m
48m
48m
-1.7%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
870
952
934
-8.6%
Debt
1,070
799
1,324
+34.0%
Other liabilities
324
389
309
-16.7%
Total liabilities and equity
2,265
2,139
2,567
+5.8%
Fixed assets
2,198
2,067
1,959
+6.4%
Investments
n/a
n/a
12.3
Cash and equivalents
2.1
3.0
4.5
-30.2%
Receivables
32.8
35.7
34.7
-8.1%
Other assets
31.5
34.0
557
-7.4%
Total assets
2,265
2,139
2,567
+5.8%
10-K for the year ended 31 December 2014, filed 25 February 2015: the filing.