Comstock Resources (CRK) FY2018 results: revenue $390 million, up 52.8% on the year
Comstock Resources Inc. (CRK) reported revenue of $390 million for fiscal 2018, the year ended 31 December 2018, up 52.8% on the year before. Net income was -$29 million. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2020.
Revenue
$390 million
+52.8% on the year
FY2010FY2018
Operating margin
32.5%
-0.1% a year earlier
FY2010FY2018
Net income
-$29 million
FY2010FY2018
Diluted EPS
n/a
FY2010FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2014
On the year
Last 8 years
Revenue
390
255
555
+52.8%
Operating income
127
-0.2
-32.1
Operating margin
32.5%
-0.1%
-5.8%
Interest expense
145
146
58.6
-1.1%
Pre-tax income
-8.6
-129
-81.8
Income tax
20.0
-17.9
-24.7
Net income
-28.6
-111
-57.1
Net margin
-7.3%
-43.6%
-10.3%
Diluted EPS
n/a
-$7.61
-$1.24
$ 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
FY2018
FY2017
FY2014
On the year
Last 8 years
Operating cash flow
188
175
401
+7.7%
Capital expenditure
320
180
635
+77.2%
Free cash flow
-132
-5.9
-234
Free cash flow margin
-33.8%
-2.3%
-42.1%
Cash from investing
-212
-179
-635
Cash from financing
-14.3
-0.3
233
Depreciation and amortisation
122
124
378
-1.3%
Share-based compensation
4.9
5.9
10.7
-17.2%
Buybacks
n/a
n/a
8.1
Dividends paid
0.0
0.0
23.8
Dividend per share
n/a
n/a
$0.50
Diluted shares, weighted
n/a
15m
47m
Shares outstanding at period end
106m
15m
47m
+586.2%
Balance sheet
$ million
FY2018
FY2017
FY2014
On the year
Last 8 years
Shareholders' equity
570
-369
870
Debt
1,244
1,111
1,070
+12.1%
Other liabilities
374
189
324
+97.7%
Total liabilities and equity
2,188
930
2,265
+135.1%
Fixed assets
1,668
608
2,198
+174.4%
Goodwill
350
n/a
n/a
Cash and equivalents
23.2
61.3
2.1
-62.1%
Receivables
87.6
26.7
32.8
+228.1%
Other assets
58.8
235
31.5
-74.9%
Total assets
2,188
930
2,265
+135.1%
10-K for the year ended 31 December 2018, filed 2 March 2020: the filing.