Income Statement
Quarterly Data
Difficulty: Beginner
The income statement presents information on the financial results of a company's 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 (quarterly data)
USD $ in thousands
| 3 months ended | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Crude oil and condensate | 2,655,278 | 2,377,528 | 2,101,308 | 1,929,471 | 1,451,410 | 1,445,454 | 1,430,061 | 1,366,223 | 1,137,717 | 1,059,690 | 753,711 | 1,040,470 | 1,181,092 | 1,452,756 | 1,260,244 | 2,054,901 | 2,671,502 | 2,618,975 | 2,397,102 | 2,168,073 | 2,337,742 | 2,012,999 | 1,781,833 | ||||||||||||||||||||||||
| Natural gas liquids | 353,704 | 286,354 | 221,415 | 249,172 | 180,038 | 146,907 | 153,444 | 137,849 | 112,439 | 111,643 | 75,319 | 96,521 | 95,217 | 103,930 | 111,990 | 180,916 | 258,927 | 247,973 | 246,235 | 217,794 | 208,190 | 178,457 | 169,529 | ||||||||||||||||||||||||
| Natural gas | 311,713 | 300,845 | 299,766 | 246,922 | 220,402 | 224,008 | 230,602 | 215,373 | 205,293 | 155,983 | 165,503 | 217,381 | 281,837 | 274,038 | 287,782 | 407,494 | 443,108 | 509,091 | 556,693 | 411,425 | 396,123 | 462,602 | 410,879 | ||||||||||||||||||||||||
| Gains (losses) on mark-to-market commodity derivative contracts | (52,081) | (185,883) | (59,771) | (45,032) | (6,606) | 9,446 | 62,020 | (65,787) | 5,117 | (44,373) | 5,435 | 4,970 | 29,239 | (48,493) | 76,208 | 750,154 | 469,125 | (229,270) | (155,736) | 40,504 | (293,387) | 191,490 | (104,956) | ||||||||||||||||||||||||
| Gathering, processing and marketing | 1,360,992 | 1,436,436 | 1,101,822 | 1,008,385 | 784,368 | 778,797 | 726,537 | 614,594 | 532,456 | 485,256 | 333,953 | 432,292 | 572,217 | 678,356 | 570,270 | 806,177 | 1,196,933 | 1,027,795 | 1,015,411 | 888,680 | 872,699 | 959,413 | 922,957 | ||||||||||||||||||||||||
| Gains (losses) on asset dispositions, net | 115,944 | (6,317) | (14,969) | (65,220) | (8,202) | (8,916) | (16,758) | 104,034 | 108,204 | (15,550) | 9,147 | (3,656) | (1,185) | (5,564) | 1,607 | 431,890 | 60,346 | 3,856 | 11,498 | 11,996 | 8,183 | 13,153 | 164,233 | ||||||||||||||||||||||||
| Other, net | 36,074 | 29,114 | 31,591 | 16,741 | 23,434 | 16,776 | 24,659 | 29,753 | 17,278 | 23,091 | 11,281 | 8,783 | 14,011 | 14,678 | 10,437 | 13,965 | 18,675 | 9,136 | 12,468 | 10,551 | 11,846 | 22,071 | 12,039 | ||||||||||||||||||||||||
| Operating revenues and other | 4,781,624 | 4,238,077 | 3,681,162 | 3,340,439 | 2,644,844 | 2,612,472 | 2,610,565 | 2,402,039 | 2,118,504 | 1,775,740 | 1,354,349 | 1,796,761 | 2,172,428 | 2,469,701 | 2,318,538 | 4,645,497 | 5,118,616 | 4,187,556 | 4,083,671 | 3,749,023 | 3,541,396 | 3,840,185 | 3,356,514 | ||||||||||||||||||||||||
| Lease and well | (321,568) | (314,604) | (300,064) | (281,941) | (251,943) | (255,186) | (255,777) | (241,846) | (226,348) | (218,393) | (240,865) | (247,916) | (283,221) | (289,664) | (361,481) | (380,781) | (368,340) | (346,458) | (320,834) | (288,921) | (299,169) | (268,888) | (249,000) | ||||||||||||||||||||||||
| Transportation costs | (196,027) | (177,797) | (176,957) | (191,717) | (183,565) | (186,356) | (178,714) | (193,319) | (200,862) | (179,471) | (190,454) | (207,580) | (203,594) | (209,833) | (228,312) | (242,293) | (246,067) | (240,579) | (243,237) | (224,506) | (219,790) | (224,491) | (184,257) | ||||||||||||||||||||||||
| Gathering and processing costs | (114,063) | (109,169) | (101,345) | (43,295) | (32,590) | (34,746) | (38,144) | (32,516) | (32,635) | (29,226) | (28,524) | (39,653) | (35,497) | (34,997) | (36,009) | (37,785) | (41,621) | (32,470) | (33,924) | (26,349) | (31,121) | (25,897) | (24,504) | ||||||||||||||||||||||||
| Cost of operating revenues | (631,658) | (601,570) | (578,366) | (516,953) | (468,098) | (476,288) | (472,635) | (467,681) | (459,845) | (427,090) | (459,843) | (495,149) | (522,312) | (534,494) | (625,802) | (660,859) | (656,028) | (619,507) | (597,995) | (539,776) | (550,080) | (519,276) | (457,761) | ||||||||||||||||||||||||
| Gross profit | 4,149,966 | 3,636,507 | 3,102,796 | 2,823,486 | 2,176,746 | 2,136,184 | 2,137,930 | 1,934,358 | 1,658,659 | 1,348,650 | 894,506 | 1,301,612 | 1,650,116 | 1,935,207 | 1,692,736 | 3,984,638 | 4,462,588 | 3,568,049 | 3,485,676 | 3,209,247 | 2,991,316 | 3,320,909 | 2,898,753 | ||||||||||||||||||||||||
| Exploration costs | (32,823) | (47,478) | (34,836) | (22,941) | (30,796) | (34,711) | (56,894) | (39,110) | (25,455) | (30,559) | (29,829) | (34,946) | (31,344) | (43,755) | (39,449) | (45,167) | (48,955) | (42,208) | (48,058) | (30,378) | (39,429) | (47,323) | (44,216) | ||||||||||||||||||||||||
| Dry hole costs | (358) | (4,902) | – | (4,532) | (50) | (27) | – | (193) | (10,390) | 172 | (246) | (429) | (198) | 551 | (14,670) | (18,225) | (16,359) | (5,558) | (8,348) | (15,395) | (19,548) | (35,750) | (3,962) | ||||||||||||||||||||||||
| Impairments | (44,617) | (51,708) | (64,609) | (153,442) | (53,677) | (78,934) | (193,187) | (297,946) | (177,990) | (72,714) | (71,617) | (168,171) | (6,307,420) | (68,519) | (69,436) | (535,637) | (55,542) | (39,035) | (113,361) | (109,509) | (85,917) | (37,967) | (53,548) | ||||||||||||||||||||||||
| Marketing costs | (1,326,974) | (1,420,463) | (1,106,390) | (1,009,566) | (793,536) | (790,599) | (736,536) | (634,248) | (552,487) | (480,046) | (340,854) | (461,848) | (615,303) | (670,169) | (638,662) | (862,589) | (1,213,652) | (1,043,515) | (1,006,304) | (901,940) | (876,761) | (965,490) | (904,649) | ||||||||||||||||||||||||
| Depreciation, depletion and amortization | (918,180) | (848,674) | (748,591) | (881,745) | (846,222) | (865,384) | (816,036) | (862,524) | (899,511) | (862,491) | (928,891) | (769,457) | (722,172) | (909,227) | (912,788) | (1,013,930) | (1,040,018) | (996,602) | (946,491) | (915,257) | (928,800) | (910,531) | (846,388) | ||||||||||||||||||||||||
| General and administrative | (111,284) | (104,083) | (94,698) | (117,005) | (111,717) | (108,507) | (97,238) | (102,182) | (94,397) | (97,705) | (100,531) | (109,014) | (90,959) | (82,324) | (84,297) | (131,285) | (96,931) | (90,932) | (82,862) | (91,066) | (98,654) | (80,607) | (77,985) | ||||||||||||||||||||||||
| Taxes other than income | (209,043) | (194,268) | (179,084) | (158,343) | (125,912) | (130,114) | (130,293) | (103,642) | (91,909) | (93,480) | (60,679) | (87,500) | (105,677) | (122,138) | (106,429) | (151,153) | (204,969) | (205,469) | (195,973) | (165,378) | (172,438) | (151,197) | (134,931) | ||||||||||||||||||||||||
| Operating income (loss) | 1,506,687 | 964,931 | 874,588 | 475,912 | 214,836 | 127,908 | 107,746 | (105,487) | (193,480) | (288,173) | (638,141) | (329,753) | (6,222,957) | 39,626 | (172,995) | 1,226,652 | 1,786,162 | 1,144,730 | 1,084,279 | 980,324 | 769,769 | 1,092,044 | 833,074 | ||||||||||||||||||||||||
| Other income (expense), net | 3,308 | (8,551) | 727 | 803 | 226 | 4,972 | 3,151 | (17,198) | (7,912) | (20,996) | (4,437) | (6,080) | 8,607 | 9,380 | (9,991) | (28,324) | (21,338) | 7,950 | (3,338) | (8,732) | 11,168 | 4,833 | (10,134) | ||||||||||||||||||||||||
| Income (loss) before interest expense and income taxes | 1,509,995 | 956,380 | 875,315 | 476,715 | 215,062 | 132,880 | 110,897 | (122,685) | (201,392) | (309,169) | (642,578) | (335,833) | (6,214,350) | 49,006 | (182,986) | 1,198,328 | 1,764,824 | 1,152,680 | 1,080,941 | 971,592 | 780,937 | 1,096,877 | 822,940 | ||||||||||||||||||||||||
| Interest expense, net | (63,632) | (63,444) | (61,956) | (63,362) | (69,082) | (70,413) | (71,515) | (71,325) | (70,858) | (71,108) | (68,390) | (62,993) | (60,571) | (60,484) | (53,345) | (49,735) | (49,704) | (51,867) | (50,152) | (52,510) | (59,382) | (61,647) | (61,921) | ||||||||||||||||||||||||
| Income (loss) before income taxes | 1,446,363 | 892,936 | 813,359 | 413,353 | 145,980 | 62,467 | 39,382 | (194,010) | (272,250) | (380,277) | (710,968) | (398,826) | (6,274,921) | (11,478) | (236,331) | 1,148,593 | 1,715,120 | 1,100,813 | 1,030,789 | 919,082 | 721,555 | 1,035,230 | 761,019 | ||||||||||||||||||||||||
| Income tax (provision) benefit | (255,411) | (196,205) | (174,770) | 2,017,115 | (45,439) | (39,414) | (10,865) | 51,658 | 82,250 | 87,719 | 239,192 | 114,530 | 2,199,182 | 16,746 | 66,583 | (704,005) | (611,502) | (394,460) | (369,861) | (338,888) | (259,057) | (375,538) | (266,294) | ||||||||||||||||||||||||
| Net income (loss) | 1,190,952 | 696,731 | 638,589 | 2,430,468 | 100,541 | 23,053 | 28,517 | (142,352) | (190,000) | (292,558) | (471,776) | (284,296) | (4,075,739) | 5,268 | (169,748) | 444,588 | 1,103,618 | 706,353 | 660,928 | 580,194 | 462,498 | 659,692 | 494,725 |
Based on: 10-Q (filing date: 2018-11-01), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-08), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-04), 10-K (filing date: 2015-02-18), 10-Q (filing date: 2014-11-04), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06), 10-K (filing date: 2014-02-24), 10-Q (filing date: 2013-11-06), 10-Q (filing date: 2013-08-06), 10-Q (filing date: 2013-05-06).
| 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.'s operating revenues and other increased from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018. |
| Operating income (loss) | The net result for the period of deducting operating expenses from operating revenues. | EOG Resources Inc.'s operating income (loss) increased from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018. |
| 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.'s income (loss) before income taxes increased from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018. |
| 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.'s net income (loss) increased from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018. |