SEC Filings

8-K
RANGE RESOURCES CORP filed this Form 8-K on 10/24/2018
Entire Document
 

RANGE RESOURCES CORPORATION

 

BALANCE SHEETS

 

 

 

 

 

 

 

(In thousands)

 

September 30,

 

 

 

December 31,

 

 

 

2018

 

 

 

2017

 

 

 

(Unaudited)

 

 

 

(Audited)

 

Assets

 

 

 

 

 

 

 

Current assets

$

422,381

 

 

$

370,627

 

Derivative assets

 

1,217

 

 

 

58,880

 

Goodwill

 

1,641,197

 

 

 

1,641,197

 

Natural gas and oil properties, successful efforts method

 

9,714,136

 

 

 

9,566,737

 

Transportation and field assets

 

11,002

 

 

 

14,666

 

Other

 

76,203

 

 

 

76,734

 

 

$

11,866,136

 

 

$

11,728,841

 

 

 

 

 

 

 

 

 

Liabilities and Stockholders’ Equity

 

 

 

 

 

 

 

Current liabilities

$

650,284

 

 

$

704,913

 

Asset retirement obligations

 

6,327

 

 

 

6,327

 

Derivative liabilities

 

97,256

 

 

 

44,233

 

 

 

 

 

 

 

 

 

Bank debt

 

1,257,199

 

 

 

1,208,467

 

Senior notes

 

2,855,048

 

 

 

2,851,754

 

Senior subordinated notes

 

48,653

 

 

 

48,585

 

Total debt

 

4,160,900

 

 

 

4,108,806

 

 

 

 

 

 

 

 

 

Deferred tax liability

 

731,723

 

 

 

693,356

 

Derivative liabilities

 

11,751

 

 

 

9,789

 

Deferred compensation liability

 

86,794

 

 

 

101,102

 

Asset retirement obligations and other liabilities

 

303,813

 

 

 

286,043

 

 

 

 

 

 

 

 

 

Common stock and retained earnings

 

5,818,816

 

 

 

5,776,203

 

Other comprehensive loss

 

(1,124

)

 

 

(1,332

)

Common stock held in treasury stock

 

(404

)

 

 

(599

)

Total stockholders’ equity

 

5,817,288

 

 

 

5,774,272

 

 

$

11,866,136

 

 

$

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

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2018

 

 

 

2017

 

 

 

%

 

 

 

2018

 

 

 

2017

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues and other income, as reported

$

811,225

 

 

$

482,232

 

 

 

68

%

 

$

2,210,008

 

 

$

1,931,998

 

 

 

14

%

Adjustment for certain special items:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

(331

)

 

 

105,283

 

 

 

 

 

 

 

111,618

 

 

 

(172,264

)

 

 

 

 

ARO settlement (gain) loss

 

 

 

 

(104

)

 

 

 

 

 

 

12

 

 

 

(64

)

 

 

 

 

Total revenues, as adjusted, non-GAAP

$

810,894

 

 

$

587,411

 

 

 

38

%

 

$

2,321,638

 

 

$

1,759,670

 

 

 

32

%

 


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