Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited)

v3.19.3.a.u2
Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
The following table summarizes quarterly financial data for the years ended December 31, 2019 and 2018:
 
 
2019
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
 
(In thousands)
Revenues
 
$
320,578

 
$
458,994

 
$
285,175

 
$
281,261

Income (loss) from operations
 
93,011

 
218,456

 
(570,955
)
 
(1,444,205
)
Income tax (benefit) expense
 
—

 
(179,331
)
 
(144,047
)
 
315,815

Net income (loss)
 
62,242

 
234,956

 
(484,802
)
 
(1,814,754
)
Income (loss) per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.38

 
$
1.47

 
$
(3.04
)
 
$
(11.36
)
Diluted
 
$
0.38

 
$
1.47

 
$
(3.04
)
 
$
(11.36
)
 
 
 
 
 
 
 
 
 
 
 
2018
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
 
(In thousands)
Revenues
 
$
325,392

 
$
252,740

 
$
360,962

 
$
415,950

Income from operations
 
111,990

 
15,373

 
115,116

 
156,480

Income tax benefit
 
(69
)
 
—

 
—

 
—

Net income
 
90,090

 
111,319

 
95,150

 
134,001

Income per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.50

 
$
0.64

 
$
0.55

 
$
0.78

Diluted
 
$
0.50

 
$
0.64

 
$
0.55

 
$
0.78