XML 78 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Oil, natural gas and NGL $ 165,135 $ 359,613 $ 575,399 $ 1,104,835
Drilling and services 4,572 21,348 19,658 57,280
Midstream and marketing 8,838 11,922 26,208 44,706
Other 1,607 1,224 3,802 5,056
Total revenues 180,152 394,107 625,067 1,211,877
Expenses        
Production 72,884 82,664 244,158 256,473
Production taxes 3,652 8,380 12,548 24,027
Cost of sales 4,323 15,992 22,034 38,942
Midstream and marketing 6,633 11,405 22,464 40,659
Depreciation and depletion—oil and natural gas 66,501 112,569 266,906 325,021
Depreciation and amortization—other 11,379 14,417 37,234 45,350
Accretion of asset retirement obligations 1,132 1,116 3,323 7,927
Impairment 1,074,588 54 3,647,845 167,966
General and administrative 34,233 24,589 108,764 95,042
Gain on derivative contracts (42,211) (132,575) (59,034) (4,792)
Loss (gain) on sale of assets 6,771 (995) 2,097 (978)
Total expenses 1,239,885 137,616 4,308,339 995,637
(Loss) income from operations (1,059,733) 256,491 (3,683,272) 216,240
Other (expense) income        
Interest expense (77,000) (59,783) (213,569) (183,689)
Gain on extinguishment of debt 340,699 0 358,633 0
Other (expense) income, net (426) (273) 1,208 3,159
Total other income (expense) 263,273 (60,056) 146,272 (180,530)
(Loss) income before income taxes (796,460) 196,435 (3,537,000) 35,710
Income tax expense (benefit) 25 (1,064) 90 (2,131)
Net (loss) income (796,485) 197,499 (3,537,090) 37,841
Less: net (loss) income attributable to noncontrolling interest (156,073) 40,161 (493,243) 49,733
Net (loss) income attributable to SandRidge Energy, Inc. (640,412) 157,338 (3,043,847) (11,892)
Preferred stock dividends 9,114 11,381 27,069 39,144
(Loss applicable) income available to SandRidge Energy, Inc. common stockholders $ (649,526) $ 145,957 $ (3,070,916) $ (51,036)
(Loss) income per share        
Basic (in dollars per share) $ (1.23) $ 0.30 $ (6.14) $ (0.11)
Diluted (in dollars per share) $ (1.23) $ 0.27 $ (6.14) $ (0.11)
Weighted average number of common shares outstanding        
Basic (in shares) 526,388 485,458 500,077 485,194
Diluted (in shares) 526,388 575,911 500,077 485,194