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SM ENERGY CO   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Marketed gas system revenue--------------24.9060.0452.81
Oil, gas, and NGL production revenue2,597.921,126.191,585.751,636.361,253.781,178.431,499.912,481.542,199.551,473.87
Other operating revenue24.980.494.363.806.621.9514.0315.225.815.44
Realized hedge (loss) gain--------------------
Gain on divestiture activity------426.92(131.03)37.0743.030.6527.97(27.02)
Other oil and gas revenue--------------------
Derivative gain--------------------
Total operating revenues and other income2,622.891,126.671,590.112,067.071,129.381,217.451,556.972,522.312,293.371,505.10
Oil, gas, and NGL production expense505.42391.22500.71487.37507.91597.57723.63715.88597.05391.87
Depletion, depreciation, amortization, and asset retirement obligation liability accretion774.39784.99823.80665.31557.04790.75921.01767.53822.87727.88
Impairment of goodwill--------------------
General and administrative111.9599.16132.80116.50117.28124.83157.67167.10149.55119.82
Exploration39.3041.0051.5055.1754.7164.97120.57129.8674.1090.25
Other operating expense(46.07)(24.83)(19.89)(18.33)(13.67)(10.77)(25.01)(4.66)(30.08)(6.99)
Marketed gas system expense--------------(24.46)(57.65)(47.58)
Unrealized and realized derivative (gain) loss(901.66)161.58(97.54)161.83(26.41)(250.63)408.83583.263.0855.63
Change in Net Profits Plan liability--------------29.8521.8428.90
Bad debt recovery--------------------
Impairment of materials inventory--------------------
Abandonment and impairment of unproved properties(35.00)(1,016.01)(33.84)(49.89)(16.08)(80.37)(78.64)(75.64)(46.11)(16.34)
Impairment of proved properties----------(354.61)(468.68)(84.48)(172.64)(208.92)
Minority interest and other--------------------
Impairment of other property and equipment------------(49.37)0.000.00--
Total Operating Expenses2,413.772,195.621,660.071,230.741,293.102,274.492,135.751,356.491,925.121,525.12
Income (loss) from operations209.12(1,068.95)(69.97)836.34(163.72)(1,057.04)(578.78)1,165.81368.26(20.02)
Interest expense160.35163.89159.10160.91179.26158.69128.1598.5589.7163.72
Interest income--------------------
Other, net(0.46)(3.94)(1.97)3.09(0.80)(1.91)0.65(2.56)0.070.22
Income (Loss) on extinguishment of debt(2.14)280.08--(26.74)(0.04)15.72(16.58)------
Income (loss) before income taxes46.17(956.71)(231.04)651.78(343.81)(1,201.92)(722.86)1,064.70278.61(83.52)
Income tax (expense) benefit9.94(192.09)(44.04)143.37(182.97)(444.17)(275.15)398.65107.68(29.27)
Current portion of income tax (expense) benefit- Federal0.000.00(3.83)0.005.702.93--------
Current portion of income tax (expense) benefit- State0.370.451.621.663.401.541.570.872.120.37
Deferred portion of income tax (expense) benefit9.57(192.54)(41.84)141.71(192.07)(448.64)(276.72)397.78105.56(29.64)
Income before cumulative effect of change in accounting principle--------------------
Cumulative effect of change in accounting principle, net of income tax--------------------
Net Income (Loss) Available to Common Shareholders36.23(764.61)(187.00)508.41(160.84)(757.74)(447.71)666.05170.94(54.25)
Income from Continuing Operations--------------------
Cumulative Effect of Change in Accounting Principle, Net of Income Tax--------------------
Basic net income (loss) per common share0.30(6.72)(1.66)4.54(1.44)(9.90)(6.61)9.912.57(0.83)
Income from Continuing Operations--------------------
Cumulative Effect of Change in Accounting Principle, Net of Income Tax--------------------
Diluted net income (loss) per common share0.29(6.72)(1.66)4.48(1.44)(9.90)(6.61)9.792.51(0.83)
Basic weighted-average common shares outstanding119.04113.73112.54111.91111.4376.5767.7267.2366.6265.14
Diluted weighted-average common shares outstanding123.69113.73112.54113.50111.4376.5767.7268.0468.0065.14