CRK » Topics » Fair Value of Financial Instruments

These excerpts taken from the CRK 10-K filed Feb 29, 2008.
Fair Value of Financial Instruments
 
The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses approximate fair value due to the short maturity of these instruments.
 
The following table presents the carrying amounts and estimated fair value of the Company’s financial instruments as of December 31, 2006 and 2007:
 
                                 
    2006     2007  
    Carrying
    Fair
    Carrying
    Fair
 
    Value     Value     Value     Value  
          (In thousands)        
 
Long-term debt, including current portion
  $ 455,000     $ 450,406     $ 760,000     $ 750,813  
 
The fair market value of the fixed rate debt was based on the market prices as of December 31, 2006 and 2007. The fair market value of the floating rate date approximates its carrying value.
 
The Company had no derivatives outstanding as of December 31, 2006 and 2007.
 
Fair
Value of Financial Instruments



 



The carrying amounts of cash and cash equivalents, accounts
receivable, accounts payable and accrued expenses approximate
fair value due to the short maturity of these instruments.


 



The following table presents the carrying amounts and estimated
fair value of the Company’s financial instruments as of
December 31, 2006 and 2007:


 

































































































                                 

 

 

2006

 

 

2007

 

 

 

Carrying



 

 

Fair



 

 

Carrying



 

 

Fair



 

 

 

Value

 

 

Value

 

 

Value

 

 

Value

 

 

 

 

 

 

(In thousands)

 

 

 

 
 


Long-term debt, including current portion


 

$

455,000

 

 

$

450,406

 

 

$

760,000

 

 

$

750,813

 






 



The fair market value of the fixed rate debt was based on the
market prices as of December 31, 2006 and 2007. The fair
market value of the floating rate date approximates its carrying
value.


 



The Company had no derivatives outstanding as of
December 31, 2006 and 2007.


 




This excerpt taken from the CRK 10-K filed Mar 1, 2007.
Fair Value of Financial Instruments
 
The following table presents the carrying amounts and estimated fair value of the Company’s financial instruments as of December 31, 2005 and 2006:
 
                                 
    2005     2006  
    Carrying
    Fair
    Carrying
    Fair
 
    Value     Value     Value     Value  
          (In thousands)        
 
Long-term debt, including current portion
  $ 243,000     $ 239,281     $ 455,000     $ 450,406  
 
The fair market value of the fixed rate debt was based on the market prices as of December 31, 2005 and 2006. The fair market value of the floating rate date approximates its carrying value.
 
Derivatives at December 31, 2005 are presented at their estimated fair value. The Company had no derivatives outstanding as of December 31, 2006. The carrying amounts of cash and cash equivalents, accounts receivable, other current assets, and accounts payable and accrued expenses approximate fair value due to the short maturity of these instruments.
 
This excerpt taken from the CRK 10-K filed Mar 20, 2006.
Fair Value of Financial Instruments
 
The carrying amounts of cash and cash equivalents, accounts receivable, other current assets and accounts payable and accrued expenses approximate fair value due to the short maturity of these instruments.


F-37


Table of Contents

 
BOIS d’ARC ENERGY, INC.
 
BOIS d’ARC ENERGY PREDECESSORS
 
NOTES TO COMBINED AND CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

 
This excerpt taken from the CRK 10-K filed Mar 16, 2006.
Fair Value of Financial Instruments
 
The carrying amounts of cash and cash equivalents, accounts receivable, other current assets and accounts payable and accrued expenses approximate fair value due to the short maturity of these instruments.


F-37


Table of Contents

 
BOIS d’ARC ENERGY, INC.
 
BOIS d’ARC ENERGY PREDECESSORS
 
NOTES TO COMBINED AND CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

 
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