Company: CRK
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024783
Chunk: 204

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 204
---
 from noncontrolling interest

    —

    —

    —

    —

    60,500

    60,500

    Distributions to noncontrolling interest

    —

    —

    —

    —

    (3,653
    )

    (3,653
    )

    Balance at December 31, 2024

    292,261

    $
    146,130

    $
    1,366,274

    $
    728,619

    $
    92,521

    $
    2,333,544

The accompanying notes are an integral part of these statements.

F-5

COMSTOCK RESOURCES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

    Year Ended December 31,

    2024

    2023

    2022

    (In thousands)

    CASH FLOWS FROM OPERATING ACTIVITIES:

    Net income (loss)
     
    $
    (218,754
    )
     
    $
    211,894

    $
    1,140,882

    Adjustments to reconcile net income (loss) to net cash provided by   operating activities:

    Deferred income taxes

    (124,919
    )

    44,301

    228,317

    Gain on sale of assets

    (875
    )

    (125
    )

    (340
    )

    Depreciation, depletion and amortization

    795,397

    607,908

    489,450

    (Gain) loss on derivative financial instruments

    (10,196
    )

    (187,639
    )

    662,522

    Cash settlements of derivative financial instruments

    207,803

    80,328

    (862,715
    )

    Amortization of debt discount, premium and issuance costs

    11,476

    7,964

    10,255

    Stock-based compensation

    15,261

    9,867

    6,610

    Loss on early extinguishment of debt

    —

    —

    46,840

    (Increase) decrease in accounts receivable

    56,584

    278,697

    (242,389
    )

    (Increase) decrease in other current assets