XML 21 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 16,669 $ 54,652
Accounts receivable:    
Natural gas and oil sales and gas services 166,639 415,079
Joint interest operations 48,704 76,521
From affiliates 16,087 18,527
Derivative financial instruments 126,775 23,884
Other current assets 86,619 56,324
Total current assets 461,493 644,987
Natural gas and oil properties, successful efforts method:    
Proved 7,126,519 5,843,409
Unproved 343,419 298,230
Other 62,382 26,475
Accumulated depreciation, depletion and amortization (2,147,549) (1,545,459)
Net property and equipment 5,384,771 4,622,655
Goodwill 335,897 335,897
Operating lease right-of-use assets 71,462 90,716
Total assets 6,253,623 5,694,255
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 523,260 530,195
Accrued expenses 134,466 183,111
Operating leases 23,765 38,411
Derivative financial instruments 0 4,420
Total current liabilities 681,491 756,137
Long-term debt 2,640,391 2,152,571
Deferred income taxes 470,035 425,734
Long-term operating leases 47,742 52,385
Reserve for future abandonment costs 30,773 29,114
Total liabilities 3,870,432 3,415,941
Commitments and contingencies
Stockholders' equity:    
Common stock - $0.50 par, 400,000,000 shares authorized, 278,429,463 and 277,517,087 shares issued and outstanding at December 31, 2023 and 2022, respectively 139,214 138,759
Additional paid-in capital 1,260,930 1,253,417
Accumulated earnings 958,270 886,138
Total stockholders' equity attributable to Comstock 2,358,414 2,278,314
Noncontrolling interest 24,777 0
Total stockholders' equity 2,383,191 2,278,314
Total liabilities and stockholders' equity $ 6,253,623 $ 5,694,255