Comstock Resources (CRK) FY2019 results: revenue $769 million, up 97.0% on the year
Comstock Resources Inc. (CRK) reported revenue of $769 million for fiscal 2019, the year ended 31 December 2019, up 97.0% on the year before. Net income was $97 million, and diluted earnings per share $0.52. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2020.
Revenue
$769 million
+97.0% on the year
FY2010FY2019
Operating margin
35.8%
32.5% a year earlier
FY2010FY2019
Net income
$97 million
FY2010FY2019
Diluted EPS
$0.52
FY2010FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
769
390
255
+97.0%
Operating income
275
127
-0.2
+116.7%
Operating margin
35.8%
32.5%
-0.1%
Interest expense
162
145
146
+11.6%
Pre-tax income
125
-8.6
-129
Income tax
27.8
20.0
-17.9
+39.0%
Effective tax rate
22.3%
n/a
n/a
Net income
96.9
-28.6
-111
Net margin
12.6%
-7.3%
-43.6%
Diluted EPS
$0.52
n/a
-$7.61
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
451
188
175
+140.0%
Capital expenditure
487
320
180
+52.2%
Free cash flow
-35.5
-132
-5.9
Free cash flow margin
-4.6%
-33.8%
-2.3%
Cash from investing
-1,171
-212
-179
Cash from financing
715
-14.3
-0.3
Depreciation and amortisation
277
122
124
+126.7%
Share-based compensation
4.0
4.9
5.9
-18.1%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
187m
n/a
15m
Shares outstanding at period end
190m
106m
15m
+79.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,143
570
-369
+100.7%
Debt
2,500
1,244
1,111
+100.9%
Operating lease liabilities
1.5
n/a
n/a
Other liabilities
1,012
374
189
+170.8%
Total liabilities and equity
4,657
2,188
930
+112.9%
Fixed assets
4,009
1,668
608
+140.3%
Goodwill
336
350
n/a
-4.1%
Cash and equivalents
18.5
23.2
61.3
-20.1%
Receivables
120
87.6
26.7
+37.1%
Other assets
174
58.8
235
+195.3%
Total assets
4,657
2,188
930
+112.9%
10-K for the year ended 31 December 2019, filed 2 March 2020: the filing.