Comstock Resources (CRK) FY2017 results: revenue $255 million, down 54.0% on the year
Comstock Resources Inc. (CRK) reported revenue of $255 million for fiscal 2017, the year ended 31 December 2017, down 54.0% on the year before. Net income was -$111 million, and diluted earnings per share $-7.61. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2020.
Revenue
$255 million
-54.0% on the year
FY2010FY2017
Operating margin
-0.1%
-5.8% a year earlier
FY2010FY2017
Net income
-$111 million
FY2010FY2017
Diluted EPS
-$7.61
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2014
FY2013
On the year
Last 8 years
Revenue
255
555
420
-54.0%
Operating income
-0.2
-32.1
-72.3
Operating margin
-0.1%
-5.8%
-17.2%
Interest expense
146
58.6
73.2
+149.8%
Pre-tax income
-129
-81.8
-163
Income tax
-17.9
-24.7
-56.2
Net income
-111
-57.1
41.0
Net margin
-43.6%
-10.3%
9.8%
Diluted EPS
-$7.61
-$1.24
$0.85
$ 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
FY2017
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
175
401
261
-56.5%
Capital expenditure
180
635
422
-71.6%
Free cash flow
-5.9
-234
-161
Free cash flow margin
-2.3%
-42.1%
-38.3%
Cash from investing
-179
-635
313
Cash from financing
-0.3
233
-576
Depreciation and amortisation
124
378
337
-67.3%
Share-based compensation
5.9
10.7
12.8
-44.6%
Buybacks
n/a
8.1
9.2
Dividends paid
0.0
23.8
18.0
Dividend per share
n/a
$0.50
$0.38
Diluted shares, weighted
15m
47m
47m
-68.5%
Shares outstanding at period end
15m
47m
48m
-67.1%
Balance sheet
$ million
FY2017
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
-369
870
952
Debt
1,111
1,070
799
+3.7%
Other liabilities
189
324
389
-41.6%
Total liabilities and equity
930
2,265
2,139
-58.9%
Fixed assets
608
2,198
2,067
-72.3%
Cash and equivalents
61.3
2.1
3.0
+2,857.7%
Receivables
26.7
32.8
35.7
-18.7%
Other assets
235
31.5
34.0
+645.6%
Total assets
930
2,265
2,139
-58.9%
10-K for the year ended 31 December 2017, filed 2 March 2020: the filing.