Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

EOG Resources Inc., consolidated income statement

US$ in thousands

12 months ended:	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Crude oil and condensate	9,612,532)	9,517,440)	6,256,396)	4,317,341)	4,934,562)
Natural gas liquids	784,818)	1,127,510)	729,561)	437,250)	407,658)
Natural gas	1,184,095)	1,301,537)	921,934)	742,152)	1,061,038)
Gains (losses) on mark-to-market commodity derivative contracts	180,275)	(165,640)	19,828)	(99,608)	61,924)
Gathering, processing and marketing	5,360,282)	5,230,355)	3,298,087)	1,966,259)	2,253,135)
Gains (losses) on asset dispositions, net	123,613)	174,562)	(99,096)	205,835)	(8,798)
Other, net	134,358)	89,635)	81,610)	81,403)	47,909)
Operating revenues and other	17,379,973)	17,275,399)	11,208,320)	7,650,632)	8,757,428)
Lease and well	(1,366,993)	(1,282,678)	(1,044,847)	(927,452)	(1,182,282)
Transportation costs	(758,300)	(746,876)	(740,352)	(764,106)	(849,319)
Gathering and processing costs	(479,102)	(436,973)	(148,775)	(122,901)	(146,156)
Cost of operating revenues	(2,604,395)	(2,466,527)	(1,933,974)	(1,814,459)	(2,177,757)
Gross profit	14,775,578)	14,808,872)	9,274,346)	5,836,173)	6,579,671)
Exploration costs	(139,881)	(148,999)	(145,342)	(124,953)	(149,494)
Dry hole costs	(28,001)	(5,405)	(4,609)	(10,657)	(14,746)
Impairments	(517,896)	(347,021)	(479,240)	(620,267)	(6,613,546)
Marketing costs	(5,351,524)	(5,203,243)	(3,330,237)	(2,007,635)	(2,385,982)
Depreciation, depletion and amortization	(3,749,704)	(3,435,408)	(3,409,387)	(3,553,417)	(3,313,644)
General and administrative	(489,397)	(426,969)	(434,467)	(394,815)	(366,594)
Taxes other than income	(800,164)	(772,481)	(544,662)	(349,710)	(421,744)
Operating income (loss)	3,699,011)	4,469,346)	926,402)	(1,225,281)	(6,686,079)
Other income (expense), net	31,385)	16,704)	9,152)	(50,543)	1,916)
Income (loss) before interest expense and income taxes	3,730,396)	4,486,050)	935,554)	(1,275,824)	(6,684,163)
Net interest expense	(185,129)	(245,052)	(274,372)	(281,681)	(237,393)
Income (loss) before income taxes	3,545,267)	4,240,998)	661,182)	(1,557,505)	(6,921,556)
Income tax (provision) benefit	(810,357)	(821,958)	1,921,397)	460,819)	2,397,041)
Net income (loss)	2,734,910)	3,419,040)	2,582,579)	(1,096,686)	(4,524,515)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

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Income statement item	Description	The company
Operating revenues and other	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	EOG Resources Inc. operating revenues and other increased from 2017 to 2018 and from 2018 to 2019.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	EOG Resources Inc. operating income (loss) increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Income (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	EOG Resources Inc. income (loss) before income taxes increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	EOG Resources Inc. net income (loss) increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.

EOG Resources Inc. (NYSE:EOG)

Income Statement