XML 66 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating Revenues:      
Gas sales $ 2,827swn_OperatingRevenueGasSales $ 2,381swn_OperatingRevenueGasSales $ 1,956swn_OperatingRevenueGasSales
Oil sales 22swn_OilSales 16swn_OilSales 8swn_OilSales
Marketing 996us-gaap_RefiningAndMarketingRevenue 792us-gaap_RefiningAndMarketingRevenue 592us-gaap_RefiningAndMarketingRevenue
Gas gathering 193us-gaap_GasGatheringTransportationMarketingAndProcessingRevenue 182us-gaap_GasGatheringTransportationMarketingAndProcessingRevenue 174us-gaap_GasGatheringTransportationMarketingAndProcessingRevenue
Total Operating Revenues 4,038us-gaap_Revenues 3,371us-gaap_Revenues 2,730us-gaap_Revenues
Operating Costs and Expenses:      
Marketing purchases 980us-gaap_RefiningAndMarketingCosts 782us-gaap_RefiningAndMarketingCosts 592us-gaap_RefiningAndMarketingCosts
Operating expenses 427us-gaap_OtherCostAndExpenseOperating 328us-gaap_OtherCostAndExpenseOperating 245us-gaap_OtherCostAndExpenseOperating
General and administrative expenses 221us-gaap_SellingGeneralAndAdministrativeExpense 191us-gaap_SellingGeneralAndAdministrativeExpense 175us-gaap_SellingGeneralAndAdministrativeExpense
Depreciation, depletion and amortization 942us-gaap_DepreciationAndAmortization 787us-gaap_DepreciationAndAmortization 811us-gaap_DepreciationAndAmortization
Impairment of natural gas and oil properties     1,940us-gaap_ImpairmentOfOilAndGasProperties
Taxes, other than income taxes 95us-gaap_TaxesExcludingIncomeAndExciseTaxes 79us-gaap_TaxesExcludingIncomeAndExciseTaxes 68us-gaap_TaxesExcludingIncomeAndExciseTaxes
Total Operating Costs and Expenses 2,665us-gaap_CostsAndExpenses 2,167us-gaap_CostsAndExpenses 3,831us-gaap_CostsAndExpenses
Operating Income (Loss) 1,373us-gaap_OperatingIncomeLoss 1,204us-gaap_OperatingIncomeLoss (1,101)us-gaap_OperatingIncomeLoss
Interest Expense:      
Interest on debt 101us-gaap_InterestExpenseDebt 100us-gaap_InterestExpenseDebt 93us-gaap_InterestExpenseDebt
Other interest charges 13us-gaap_InterestExpenseOther 4us-gaap_InterestExpenseOther 4us-gaap_InterestExpenseOther
Interest capitalized (55)us-gaap_InterestCostsCapitalizedAdjustment (62)us-gaap_InterestCostsCapitalizedAdjustment (62)us-gaap_InterestCostsCapitalizedAdjustment
Total Interest Expense 59us-gaap_InterestExpense 42us-gaap_InterestExpense 35us-gaap_InterestExpense
Other Income (Loss), Net (4)us-gaap_OtherNonoperatingIncomeExpense 2us-gaap_OtherNonoperatingIncomeExpense 1us-gaap_OtherNonoperatingIncomeExpense
Gain (Loss) on Derivatives 139us-gaap_GainLossOnDerivativeInstrumentsNetPretax 26us-gaap_GainLossOnDerivativeInstrumentsNetPretax (15)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Income (Loss) Before Income Taxes 1,449us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 1,190us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (1,150)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision (Benefit) for Income Taxes:      
Current 21us-gaap_CurrentIncomeTaxExpenseBenefit (11)us-gaap_CurrentIncomeTaxExpenseBenefit 19us-gaap_CurrentIncomeTaxExpenseBenefit
Deferred 504us-gaap_DeferredIncomeTaxExpenseBenefit 497us-gaap_DeferredIncomeTaxExpenseBenefit (462)us-gaap_DeferredIncomeTaxExpenseBenefit
Provision (benefit) for income taxes 525us-gaap_IncomeTaxExpenseBenefit 486us-gaap_IncomeTaxExpenseBenefit (443)us-gaap_IncomeTaxExpenseBenefit
Net Income (Loss) $ 924us-gaap_NetIncomeLoss $ 704us-gaap_NetIncomeLoss $ (707)us-gaap_NetIncomeLoss
Earnings (Loss) Per Share:      
Basic $ 2.63us-gaap_EarningsPerShareBasic $ 2.01us-gaap_EarningsPerShareBasic $ (2.03)us-gaap_EarningsPerShareBasic
Diluted $ 2.62us-gaap_EarningsPerShareDiluted $ 2.00us-gaap_EarningsPerShareDiluted $ (2.03)us-gaap_EarningsPerShareDiluted
Weighted Average Common Shares Outstanding:      
Basic 351,446,747us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 350,465,430us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 348,610,503us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 352,410,683us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 351,101,452us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 348,610,503us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding