← Crescent Energy Co
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Net Income (Loss) Attributable to Parent | $46.7m |
$0
-100.00%
|
($19.4m) |
$96.7m
+598.94%
|
$67.6m
-30.06%
|
($114.6m)
-269.51%
|
$132.9m
+215.97%
|
|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | ($216.1m) | ($432.2m) | $480.6m | $322.0m | ($137.7m) | $167.2m | |
| Depreciation, Depletion and Amortization | $311.2m | $372.3m | $312.8m | $532.9m | $675.8m | $949.5m | $1.2b | |
| Amortization of Debt Issuance Costs and Discounts | — | $4.9m | $7.6m | $8.9m | $12.8m | $13.4m | $14.5m | |
| Amortization of debt issuance costs, premium and discount | $4.7m | $4.9m | $7.6m | $8.9m | $12.8m | $13.4m | $14.5m | |
| Deferred Income Tax Expense (Benefit) | $0 | $0 | ($935k) | $33.2m | $22.7m | ($35.9m) | $35.7m | |
| Share-based Payment Arrangement, Noncash Expense | — | ($797k) | $39.9m | $38.1m | $82.9m | $185.6m | $245.5m | |
| Share-based Payment Arrangement, Expense | — | ($797k) | $39.9m | $39.1m | $82.9m | $193.5m | $249.1m | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | — | — | — | $39.1m | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | $77.7m | $0 | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | $233.7m | |
| Impairment expense | — | $247.2m | $0 | $142.9m | $153.5m | $161.5m | $254.6m | |
| Income (Loss) from Equity Method Investments | — | $0 | $368k | $4.6m | ($413k) | $729k | $2.2m | |
| Nonoperating Income (Expense) | — | $157.5m | ($916.3m) | ($767.3m) | $20.5m | ($387.2m) | ($27.6m) | |
| Other Nonoperating Income (Expense) | — | $341k | $120k | $949k | ($282k) | $1.8m | ($5.0m) | |
| Changes in operating assets and liabilities: | ||||||||
| Increase (Decrease) in Accounts Receivable | — | ($14.7m) | $71.3m | $128.8m | $42.1m | ($111.4m) | ($69.3m) | |
| Accounts receivable | $24.1m | $14.7m | ($71.3m) | ($128.8m) | ($42.1m) | $111.4m | $69.3m | |
| Accounts receivable – affiliates | $0 | $0 | ($20.3m) | $18.4m | $573k | ($4.7m) | $2.4m | |
| Accounts payable and accrued liabilities | ($5.5m) | ($15.1m) | $31.1m | $127.6m | $91.8m | ($128.0m) | ($32.0m) | |
| Accounts payable – affiliates | $27k | $657k | ($358k) | $12.0m | $20.8m | ($25.1m) | $32.5m | |
| Other | ($263k) | ($5.7m) | $3.3m | $3.5m | $2.8m | ($8.9m) | ($4.0m) | |
| Prepaid and other current assets | ($1.1m) | $17.9m | $40.0m | ($24.9m) | ($6.5m) | $3.2m | $12.5m | |
| Net Cash Provided by (Used in) Operating Activities | $485.5m |
$411.0m
-15.34%
|
$233.1m
-43.28%
|
$1.0b
+334.22%
|
$935.8m
-7.57%
|
$1.2b
+30.70%
|
$1.7b
+37.37%
|
|
| Cash flows from investing activities: | ||||||||
| Acquisitions of oil and natural gas properties, net of cash acquired | $0 | $0 | ($115.1m) | ($626.6m) | ($849.3m) | ($558.6m) | ($818.9m) | |
| Payments for (Proceeds from) Other Investing Activities | — | $8.1m | $2.8m | ($3.5m) | ($2.8m) | $8.9m | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($328.2m) | ($124.9m) | ($244.6m) | ($1.1b) | ($1.4b) | ($1.2b) | ($922.7m) | |
| Cash flows from financing activities: | ||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | ($59.1m) | ($29.2m) | |
| Loss from debt extinguishment | — | — | — | $0 | $0 | $59.1m | $29.2m | |
| Revolving Credit Facility borrowings | $553.3m | $275.9m | $755.9m | $1.4b | $2.3b | $3.2b | $4.6b | |
| Payment of debt issuance costs | ($1.6m) | ($3.3m) | ($14.6m) | ($20.1m) | ($7.2m) | ($28.0m) | ($9.7m) | |
| Repayments of debt acquired in Merger, including extinguishment costs | — | — | — | $0 | $0 | ($1.2b) | ($890.0m) | |
| Payments for Repurchase of Common Stock | — | $0 | $18.4m | $0 | $72k | $7.8m | $33.5m | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | $28 | $34 | $65 | $115 | |
| Dividend to Class A common stock | — | $0 | $0 | ($27.5m) | ($34.1m) | ($65.1m) | ($115.1m) | |
| Cash distributions to redeemable noncontrolling interests initiated by Class A common stock dividend | — | $0 | $0 | ($78.9m) | ($56.3m) | ($32.0m) | ($7.6m) | |
| Repurchases of Class A common stock | $0 | $0 | ($18.4m) | $0 | ($72k) | ($7.8m) | ($33.5m) | |
| Proceeds from (Payments for) Other Financing Activities | — | $9.7m | ($428k) | ($5.4m) | ($3.9m) | ($4.1m) | ($4.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($153.2m) |
($272.1m)
-77.61%
|
$105.1m
+138.64%
|
($7.8m)
-107.46%
|
$456.5m
+5921.40%
|
$207.4m
-54.56%
|
($245.1m)
-218.17%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | ($6.6m) | $232.2m | $512.4m | |
| Cash, cash equivalents and restricted cash, beginning of period | $27.4m | $41.4m | $135.1m | $15.3m | $8.7m | $240.9m | $753.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $41.4m | $135.1m | $15.3m | $8.7m | $240.9m | $753.3m | |
| Net change in cash, cash equivalents and restricted cash | $4.2m | $14.0m | $93.7m | ($119.8m) | ($6.6m) | $232.2m | $512.4m | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Gain (Loss) on Disposition of Assets | — | $0 | $8.8m | $4.6m | $0 | $29.4m | $147.5m | |
| Supplemental disclosure of cash flow information: | ||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $33.9m | $35.1m | $81.9m | $113.8m | $141.8m | $272.8m | |
| Income Taxes Paid, Net | — | — | — | $0 | ($72k) | $1.9m | $10.0m | |
| Additional Financial Items | ||||||||
| Asset Retirement Obligation, Accretion Expense | — | $5.7m | $7.1m | $20.8m | $27.8m | $31.5m | $31.8m | |
| Derivative, Gain (Loss) on Derivative, Net | — | $195.3m | ($866.0m) | ($676.9m) | $167.0m | ($114.3m) | $302.9m | |
| Environmental Remediation Expense | — | — | $1.4m | — | — | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | $49.9m | $61.5m | ($60.8m) | ($83.1m) | |
| Gain (Loss) on Sale of Derivatives | — | ($186.5m) | $535.3m | $779.3m | $153.7m | $35.9m | ($81.6m) | |
| General and Administrative Expense | — | $16.5m | $78.3m | $85.0m | $140.9m | $336.2m | $472.2m | |
| Goodwill | — | $0 | $76.6m | $0 | $0 | — | — | |
| Income Tax Expense (Benefit) | — | $14k | ($306k) | $36.3m | $23.2m | ($31.1m) | $34.5m | |
| Interest Expense Nonoperating | — | — | — | — | — | $216.3m | $298.4m | |
| Operating Expenses | — | $1.1b | $993.2m | $1.8b | $2.1b | $2.7b | $3.4b | |
| Operating Lease, Expense | — | $202.2m | $243.5m | $438.8m | $495.4m | $528.8m | $767.8m | |
| Proceeds from Contributions from Affiliates | — | $5.2m | $110k | — | — | — | — | |
| Proceeds from Issuance of Redeemable Preferred Stock | — | — | — | $6.0m | $1.2m | $0 | $0 | |
| Proceeds from Noncontrolling Interests | — | $0 | $35.5m | $55k | $1.8m | $4.3m | $0 | |
| (Gain) loss on sale of assets | — | — | — | ($4.6m) | $0 | ($29.4m) | ($147.5m) | |
| (Gain) loss on derivatives | $127.2m | ($195.3m) | $866.0m | $676.9m | ($167.0m) | $114.3m | ($302.9m) | |
| Net cash (paid) received on settlement of derivatives | ($22.7m) | $186.5m | ($535.3m) | ($779.3m) | ($153.7m) | ($35.9m) | $81.6m | |
| Non-cash equity-based compensation expense | ($2.7m) | ($797k) | $39.9m | $38.1m | $82.9m | $185.6m | $245.5m | |
| Settlement of acquired derivative contracts | — | $0 | $0 | ($49.9m) | ($61.5m) | $60.8m | $83.1m | |
| Development of oil and natural gas properties | ($338.6m) | ($126.2m) | ($155.6m) | ($592.7m) | ($581.4m) | ($685.7m) | ($951.0m) | |
| Proceeds from the sale of oil and natural gas properties | $15.8m | $9.4m | $25.7m | $93.2m | $28.9m | $54.8m | $847.1m | |
| Purchases of restricted investment securities – HTM | ($5.4m) | ($9.1m) | ($8.5m) | ($9.0m) | ($12.4m) | ($7.1m) | ($23.4m) | |
| Maturities of restricted investment securities – HTM | $5.4m | $9.1m | $11.7m | $7.2m | $12.5m | $7.2m | $23.4m | |
| Proceeds from the issuance of Senior Notes, after premium, discount and underwriting fees | $0 | $0 | $490.6m | $199.2m | $984.6m | $2.1b | $591.8m | |
| Repurchase of Senior Notes, including extinguishment costs | — | — | — | $0 | $0 | ($714.8m) | ($522.4m) | |
| Revolving Credit Facility repayments | ($564.9m) | ($496.9m) | ($964.0m) | ($1.4b) | ($2.8b) | ($3.2b) | ($3.8b) | |
| Settlement of acquired deferred acquisition consideration | — | — | — | $0 | $0 | ($75.0m) | $0 | |
| Proceeds from the Equity Issuances after underwriting fees | — | — | $0 | $0 | $145.7m | $330.6m | $0 | |
| Payment of costs related to the Equity Issuances | — | — | $0 | $0 | ($2.3m) | ($1.3m) | $0 | |
| Redeemable noncontrolling interest contributions | — | $0 | $0 | $6.0m | $1.2m | $0 | $0 | |
| Redeemable noncontrolling interest distributions | — | $0 | $0 | ($213k) | ($417k) | ($293k) | $0 | |
| Cash distributions to redeemable noncontrolling interests initiated by Manager Compensation | — | $0 | $0 | ($32.2m) | ($33.2m) | ($22.2m) | ($8.8m) | |
| Cash distributions to redeemable noncontrolling interests initiated by income taxes | — | — | — | ($18.1m) | ($798k) | ($458k) | ($1.1m) | |
| Repurchase of redeemable noncontrolling interests related to 2024 Equity Transactions | — | $0 | $0 | ($36.2m) | $0 | ($32.6m) | $0 | |
| Noncontrolling interest distributions | ($17.9m) | ($1.1m) | ($1.7m) | ($6.5m) | ($2.5m) | ($10.1m) | ($8.4m) | |
| Noncontrolling interest contributions | $250k | $0 | $35.5m | $55k | $1.8m | $4.3m | $0 |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.