Comstock Resources (CRK) FY2022 results: revenue $3.6 billion, up 96.0% on the year
Comstock Resources Inc. (CRK) reported revenue of $3.6 billion for fiscal 2022, the year ended 31 December 2022, up 96.0% on the year before. Net income was $1.1 billion, and diluted earnings per share $4.11. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.
Revenue
$3.6 billion
+96.0% on the year
FY2013FY2022
Operating margin
62.9%
48.7% a year earlier
FY2013FY2022
Net income
$1.1 billion
FY2013FY2022
Diluted EPS
$4.11
FY2013FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,698
861
576
+97.3%
Capital expenditure
1,068
691
510
+54.5%
Free cash flow
631
170
66.0
+271.1%
Free cash flow margin
17.4%
9.2%
7.7%
Cash from investing
-1,098
-553
-511
Cash from financing
-577
-308
-52.8
Depreciation and amortisation
489
469
417
+4.3%
Share-based compensation
6.6
6.8
6.5
-2.8%
Dividends paid
34.7
0.0
0.0
Dividend per share
$0.12
$0.00
$0.00
Diluted shares, weighted
277m
232m
215m
+19.8%
Shares outstanding at period end
278m
233m
232m
+19.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,278
1,013
1,267
+125.0%
Non-controlling interest
0.0
n/a
n/a
Redeemable equity
n/a
175
n/a
Debt
2,153
2,615
2,517
-17.7%
Operating lease liabilities
52.4
4.1
0.7
+1,185.5%
Other liabilities
1,211
861
839
+40.6%
Total liabilities and equity
5,694
4,668
4,624
+22.0%
Fixed assets
4,623
4,007
4,085
+15.4%
Goodwill
336
336
336
0.0%
Cash and equivalents
54.7
30.7
30.3
+78.2%
Receivables
415
217
125
+91.1%
Other assets
266
77.4
48.2
+243.7%
Total assets
5,694
4,668
4,624
+22.0%
10-K for the year ended 31 December 2022, filed 17 February 2023: the filing.