Comstock Resources (CRK) FY2020 results: revenue $858 million, up 11.6% on the year
Comstock Resources Inc. (CRK) reported revenue of $858 million for fiscal 2020, the year ended 31 December 2020, up 11.6% on the year before. Net income was -$52 million, and diluted earnings per share $-0.39. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2021.
Revenue
$858 million
+11.6% on the year
FY2011FY2020
Operating margin
19.0%
35.8% a year earlier
FY2011FY2020
Net income
-$52 million
FY2011FY2020
Diluted EPS
-$0.39
FY2011FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
858
769
390
+11.6%
Operating income
163
275
127
-40.7%
Operating margin
19.0%
35.8%
32.5%
Interest expense
235
162
145
+45.4%
Pre-tax income
-61.6
125
-8.6
Income tax
-9.2
27.8
20.0
Effective tax rate
n/a
22.3%
n/a
Net income
-52.4
96.9
-28.6
Net margin
-6.1%
12.6%
-7.3%
Diluted EPS
-$0.39
$0.52
n/a
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
576
451
188
+27.6%
Capital expenditure
510
487
320
+4.7%
Free cash flow
66.0
-35.5
-132
Free cash flow margin
7.7%
-4.6%
-33.8%
Cash from investing
-511
-1,171
-212
Cash from financing
-52.8
715
-14.3
Depreciation and amortisation
417
277
122
+50.8%
Share-based compensation
6.5
4.0
4.9
+60.8%
Dividends paid
0.0
0.0
0.0
Dividend per share
$0.00
n/a
n/a
Diluted shares, weighted
215m
187m
n/a
+14.8%
Shares outstanding at period end
232m
190m
106m
+22.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,267
1,143
570
+10.8%
Debt
2,517
2,500
1,244
+0.7%
Operating lease liabilities
0.7
1.5
n/a
-51.2%
Other liabilities
839
1,012
374
-17.1%
Total liabilities and equity
4,624
4,657
2,188
-0.7%
Fixed assets
4,085
4,009
1,668
+1.9%
Goodwill
336
336
350
0.0%
Cash and equivalents
30.3
18.5
23.2
+63.3%
Receivables
125
120
87.6
+4.1%
Other assets
48.2
174
58.8
-72.2%
Total assets
4,624
4,657
2,188
-0.7%
10-K for the year ended 31 December 2020, filed 17 February 2021: the filing.