CIVITAS RESOURCES, INC. (CIVI) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Operating net revenues:
Oil and natural gas sales	3,791.4	930.6	218.1	313.2	276.7	195.3	292.7	558.6
Oil and natural gas sales growth	307.4%	326.7%	-30.4%	13.2%		-33.3%	-47.6%	32.4%
Operating expenses:
Lease operating expense	170.0	52.4	22.0	25.2	34.8

Operating expense
Severance and ad valorem taxes	305.7	65.1	3.8	25.6	19.0	15.3
Exploration	7.0	7.9	0.6	0.8	0.3	0.9	15.8	5.3
Depreciation, depletion, and amortization	816.4	226.9	91.2	76.5	41.9
Abandonment and impairment of unproved properties	18.0	57.3	37.3	11.2	5.3	10.0
Unused commitments	3.6	7.7
Bad debt expense	-1.0	0.6	0.8
Merger transaction costs	24.7	43.6	6.7
General and administrative expense, including $9,895, $6,135, $17,275, and $14,225, respectively, of stock-based compensation	143.5	65.1	34.9	39.7	42.5	77.1	70.3	81.6
Total operating expenses	1,807.4	608.6	229.2	207.7	164.3	324.4	1,200.1	606.1

Other income (expense):
Derivative gain (loss)	-335.2	-60.5	53.5	-37.1	30.3	-11.2	56.6	121.6
Interest expense	-32.2	-9.7	-2.0	-2.7	-2.6	-62.1	-57.1	-46.4
Gain (loss) on property transactions, net	15.9	1.9	-1.4
Other income	21.2	-2.0	4.1	0.1	0.8	-2.5	-2.5	0.3
Total other income (expense)	-330.3	-70.3	54.1	-38.5	55.8	-69.8	-3.0	75.5
Income from operations before income taxes	1,653.8	251.8	43.0	67.1	168.2	-199.0	-910.4	28.0
Income tax expense	-405.7	-72.9	60.5					-13.1
Net income, basic	1,248.1	178.9	103.5	67.1	168.2	-199.0	-745.5	20.3
Net income, diluted	1,248.1	178.9	103.5	67.1	168.2	-199.0	-745.5	20.3

Net income per common share:
Basic (in dollars per share)	$14.68	$4.82	$4.98	$3.25	$8.20	($4.04)	($15.57)	$0.50
Diluted (in dollars per share)	$14.58	$4.74	$4.95	$3.24	$8.16	($4.04)	($15.57)	$0.49

Weighted-average common shares outstanding:
Basic (in shares)	85.0	37.2	20.8	20.6	20.5	49.3	47.9	40.1
Diluted (in shares)	85.6	37.7	20.9	20.7	20.6	49.3	47.9	40.3