Company: EXEEZ
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000895126-25-000021
Chunk: 98

Company: EXPAND ENERGY Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 98
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 167 242 Exploration10 27 23 Marketing1,310 2,499 4,215 General and administrative186 127 142 Separation and other termination costs23 5 5 Depreciation, depletion and amortization1,729 1,527 1,753 Other operating expense, net332 18 49 Total operating expenses5,038 5,579 7,963 Income (loss) from operations(803)3,142 3,780 Other income (expense):Interest expense(123)(104)(160)Losses on purchases, exchanges or extinguishments of debt(1)— (5)Other income, net86 79 36 Total other income (expense)(38)(25)(129)Income (loss) before income taxes(841)3,117 3,651 Income tax expense (benefit)(127)698 (1,285)Net income (loss)(714)2,4194,936Deemed dividend on warrants— — (67)Net income (loss) available to common stockholders$(714)$2,419 $4,869 Earnings (loss) per common share:Basic$(4.55)$18.21 $38.71 Diluted$(4.55)$16.92 $33.36 Weighted average common shares outstanding (in thousands):Basic156,989132,840125,785Diluted156,989142,976145,961

The accompanying notes are an integral part of these consolidated financial statements.76

TABLE OF CONTENTSEXPAND ENERGY CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS

 Years Ended December 31, ($ in millions)202420232022Cash flows from operating activities:Net income (loss)$(714)$2,419 $4,936 Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation, depletion and amortization1,729 1,527 1,753 Deferred income tax expense (benefit)(123)428 (1,332)Derivative (gains) losses, net38 (1,728)2,680 Cash receipts (payments) on derivative settlements, net947 354 (3,561)Share-based compensation38 33 22 Gains on sales of assets(14)(946)(