Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited) (Tables)

v3.19.3.a.u2
Selected Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of selected quarterly financial data
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