SEC Filings

8-K
RANGE RESOURCES CORP filed this Form 8-K on 02/23/2017
Entire Document
 

RANGE RESOURCES CORPORATION

 

BALANCE SHEETS

 

 

 

 

 

 

 

(Audited, In thousands)

 

December 31,

 

 

 

December 31,

 

 

 

2016

 

 

 

2015

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

Current assets

$

268,605

 

 

$

157,530

 

Derivative assets

 

13,483

 

 

 

288,762

 

Goodwill

 

1,654,292

 

 

 

 

Natural gas and oil properties, successful efforts method

 

9,256,337

 

 

 

6,361,305

 

Transportation and field assets

 

16,873

 

 

 

19,455

 

Other

 

72,655

 

 

 

72,979

 

 

$

11,282,245

 

 

$

6,900,031

 

 

 

 

 

 

 

 

 

Liabilities and Stockholders’ Equity

 

 

 

 

 

 

 

Current liabilities

$

530,373

 

 

$

335,513

 

Asset retirement obligations

 

7,271

 

 

 

15,071

 

Derivative liabilities

 

165,009

 

 

 

1,136

 

 

 

 

 

 

 

 

 

Bank debt

 

876,428

 

 

 

86,427

 

Senior notes

 

2,848,591

 

 

 

738,101

 

Senior subordinated notes

 

48,498

 

 

 

1,826,775

 

Total debt

 

3,773,517

 

 

 

2,651,303

 

 

 

 

 

 

 

 

 

Deferred tax liability

 

943,343

 

 

 

777,947

 

Derivative liabilities

 

24,491

 

 

 

21

 

Deferred compensation liability

 

119,231

 

 

 

104,792

 

Asset retirement obligations and other liabilities

 

310,642

 

 

 

254,590

 

 

 

 

 

 

 

 

 

Common stock and retained earnings

 

5,409,577

 

 

 

2,761,903

 

Common stock held in treasury stock

 

(1,209

)

 

 

(2,245

)

Total stockholders’ equity

 

5,408,368

 

 

 

2,759,658

 

 

$

11,282,245

 

 

$

6,900,031

 

 

RECONCILIATION OF TOTAL REVENUES AND OTHER INCOME TO TOTAL REVENUE EXCLUDING CERTAIN ITEMS, a non-GAAP measure

 

 

 

(Unaudited, in thousands)

 

 

 

 

Three Months Ended December 31,

 

Twelve Months Ended December 31,

 

 

2016

 

 

 

2015

 

 

 

%

 

 

 

2016

 

 

 

2015

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues and other income, as reported

$

253,522

 

 

$

410,727

 

 

 

-38

%

 

$

1,099,939

 

 

$

1,598,068

 

 

 

-31

%

Adjustment for certain special items:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total change in fair value related to derivatives
prior to settlement loss

 

336,736

 

 

 

45,165

 

 

 

 

 

 

 

608,727

 

 

 

115,758

 

 

 

 

 

ARO settlement (gain) loss

 

(54

)

 

 

(80

)

 

 

 

 

 

 

(40

)

 

 

(103

)

 

 

 

 

Total revenues, as adjusted, non-GAAP

$

590,204

 

 

$

455,812

 

 

 

30

%

 

$

1,708,626

 

 

$

1,713,723

 

 

 

0

%

 


13