XML 23 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Crude oil and natural gas sales $ 4,678,722 $ 2,982,966 $ 2,026,958
Gain (loss) on crude oil and natural gas derivatives, net (23,930) 91,647 (71,859)
Crude oil and natural gas service operations 54,794 46,215 25,174
Total revenues 4,709,586 3,120,828 1,980,273
Operating costs and expenses:      
Production expenses 390,423 324,214 289,289
Production taxes 353,140 208,278 142,388
Transportation expenses 191,587 0 0
Exploration expenses 7,642 12,393 16,972
Crude oil and natural gas service operations 21,639 16,880 11,386
Depreciation, depletion, amortization and accretion 1,859,327 1,674,901 1,708,744
Property impairments 125,210 237,370 237,292
General and administrative expenses 183,569 191,706 169,580
Litigation settlement 0 59,600 0
Net gain on sale of assets and other (16,671) (53,915) (307,844)
Total operating costs and expenses 3,115,866 2,671,427 2,267,807
Income (loss) from operations 1,593,720 449,401 (287,534)
Other income (expense):      
Interest expense (293,032) (294,495) (320,562)
Loss on extinguishment of debt (7,133) (554) (26,055)
Other 3,247 1,715 1,697
Total other income (expense) (296,918) (293,334) (344,920)
Income (loss) before income taxes 1,296,802 156,067 (632,454)
(Provision) benefit for income taxes (307,102) 633,380 232,775
Net income (loss) 989,700 789,447 (399,679)
Net income (loss) attributable to noncontrolling interests 1,383 0 0
Net income (loss) attributable to Continental Resources $ 988,317 $ 789,447 $ (399,679)
Basic net income (loss) per share (in dollars per share) $ 2.66 $ 2.13 $ (1.08)
Diluted net income (loss) per share (in dollars per share) $ 2.64 $ 2.11 $ (1.08)
Foreign currency translation adjustments $ 108 $ 567 $ 3,094
Other Comprehensive Income (Loss), Net of Tax 108 567 3,094
Comprehensive Income (Loss), Net of Tax, Consolidated 989,808 790,014 (396,585)
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest 1,383 0 0
Comprehensive Income (Loss), Net of Tax, Attributable to Continental Resources $ 988,425 $ 790,014 $ (396,585)