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

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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.