SEC Filings

8-K
RANGE RESOURCES CORP filed this Form 8-K on 07/31/2018
Entire Document
 

RANGE RESOURCES CORPORATION

BALANCE SHEETS

 

 

 

 

 

 

 

(In thousands)

 

June 30,

 

 

 

December 31,

 

 

 

2018

 

 

 

2017

 

 

 

(Unaudited)

 

 

 

(Audited)

 

Assets

 

 

 

 

 

 

 

Current assets

$

384,872

 

 

$

370,627

 

Derivative assets

 

3,295

 

 

 

58,880

 

Goodwill

 

1,641,197

 

 

 

1,641,197

 

Natural gas and oil properties, successful efforts method

 

9,705,122

 

 

 

9,566,737

 

Transportation and field assets

 

13,190

 

 

 

14,666

 

Other

 

78,401

 

 

 

76,734

 

 

$

11,826,077

 

 

$

11,728,841

 

 

 

 

 

 

 

 

 

Liabilities and Stockholders’ Equity

 

 

 

 

 

 

 

Current liabilities

$

632,354

 

 

$

704,913

 

Asset retirement obligations

 

6,327

 

 

 

6,327

 

Derivative liabilities

 

101,328

 

 

 

44,233

 

 

 

 

 

 

 

 

 

Bank debt

 

1,304,584

 

 

 

1,208,467

 

Senior notes

 

2,853,948

 

 

 

2,851,754

 

Senior subordinated notes

 

48,630

 

 

 

48,585

 

Total debt

 

4,207,162

 

 

 

4,108,806

 

 

 

 

 

 

 

 

 

Deferred tax liability

 

707,563

 

 

 

693,356

 

Derivative liabilities

 

10,088

 

 

 

9,789

 

Deferred compensation liability

 

87,087

 

 

 

101,102

 

Asset retirement obligations and other liabilities

 

310,133

 

 

 

286,043

 

 

 

 

 

 

 

 

 

Common stock and retained earnings

 

5,765,633

 

 

 

5,776,203

 

Other comprehensive loss

 

(1,194

)

 

 

(1,332

)

Common stock held in treasury stock

 

(404

)

 

 

(599

)

Total stockholders’ equity

 

5,764,035

 

 

 

5,774,272

 

 

$

11,826,077

 

 

$

11,728,841

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Unaudited, in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2018

 

 

 

2017

 

 

 

%

 

 

 

2018

 

 

 

2017

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues and other income, as reported

$

656,184

 

 

$

673,111

 

 

 

-3

%

 

$

1,398,783

 

 

$

1,449,766

 

 

 

-4

%

Adjustment for certain special items:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total change in fair value related to derivatives
prior to settlement (gain) loss

 

89,015

 

 

 

(107,809

)

 

 

 

 

 

 

111,949

 

 

 

(277,547

)

 

 

 

 

ARO settlement (gain) loss

 

12

 

 

 

40

 

 

 

 

 

 

 

12

 

 

 

40

 

 

 

 

 

Total revenues, as adjusted, non-GAAP

$

745,211

 

 

$

565,342

 

 

 

32

%

 

$

1,510,744

 

 

$

1,172,259

 

 

 

29

%

 


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