Comstock Resources (CRK) FY2021 results: revenue $1.9 billion, up 115.7% on the year
Comstock Resources Inc. (CRK) reported revenue of $1.9 billion for fiscal 2021, the year ended 31 December 2021, up 115.7% on the year before. Net income was -$259 million, and diluted earnings per share $-1.12. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$1.9 billion
+115.7% on the year
FY2012FY2021
Operating margin
48.7%
19.0% a year earlier
FY2012FY2021
Net income
-$259 million
FY2012FY2021
Diluted EPS
-$1.12
FY2012FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
861
576
451
+49.5%
Capital expenditure
691
510
487
+35.6%
Free cash flow
170
66.0
-35.5
+157.4%
Free cash flow margin
9.2%
7.7%
-4.6%
Cash from investing
-553
-511
-1,171
Cash from financing
-308
-52.8
715
Depreciation and amortisation
469
417
277
+12.5%
Share-based compensation
6.8
6.5
4.0
+5.2%
Dividends paid
0.0
0.0
0.0
Dividend per share
$0.00
$0.00
n/a
Diluted shares, weighted
232m
215m
187m
+7.6%
Shares outstanding at period end
233m
232m
190m
+0.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,013
1,267
1,143
-20.1%
Redeemable equity
175
n/a
n/a
Debt
2,615
2,517
2,500
+3.9%
Operating lease liabilities
4.1
0.7
1.5
+450.7%
Other liabilities
861
839
1,012
+2.6%
Total liabilities and equity
4,668
4,624
4,657
+1.0%
Fixed assets
4,007
4,085
4,009
-1.9%
Goodwill
336
336
336
0.0%
Cash and equivalents
30.7
30.3
18.5
+1.3%
Receivables
217
125
120
+73.7%
Other assets
77.4
48.2
174
+60.4%
Total assets
4,668
4,624
4,657
+1.0%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.