Quicksilver Resources Inc.

(NYSE:KWK)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Assets
Current Assets
Cash & Equivalents	13,465	2,329	1,976	28,226
Restricted Cash	—	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	106,776	116,301	115,957	90,244
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	106,776	116,301	115,957	90,244
Raw Materials	—	—	—	—
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	—	—	—
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	—	—	—	—
Inventories	—	—	—	—
Prepaid Expenses	—	—	—	—
Current Deferred Income Taxes	—	97,980	54,180	18,946
Other Current Assets	134,820	58,012	64,894	52,985
Total Current Assets	255,061	274,622	237,007	190,401
Land and Improvements	3,993,185	2,213,819	2,289,289	2,026,523
Building and Improvements	—	—	—	—
Machinery Furniture and Equipment	—	—	—	—
Construction in Progress	76,639	—	47,689	—
Other Fixed Assets	572,629	816,273	421,232	412,835
Total Fixed Assets	4,642,453	3,030,092	2,758,210	2,439,358
Gross Fixed Assets	4,642,453	3,030,092	2,758,210	2,439,358
Accumulated Depreciation and Depletion	412,161	327,446	327,446	297,012
Net Fixed Assets	4,230,292	2,702,646	2,430,764	2,142,346
Intangibles	—	—	—	—
Cost in Excess	—	—	—	—
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	398,987	436,019	442,170	443,099
Total Non Current Assets	4,629,279	3,138,665	2,872,934	2,585,445
Total Assets	4,884,340	3,413,287	3,109,941	2,775,846
Liabilities
Current Liabilities
Accounts Payable	226,792	209,815	182,606	192,855
Notes Payable	—	—	—	—
Short Term Debt	6,956	—	—	34
Accrued Expenses	—	—	—	—
Accrued Liabilities	58,034	42,289	40,406	54,981
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	14,454	—	—	—
Other Current Liabilities	26,928	297,191	187,758	110,705
Total Current Liabilities	333,164	549,295	410,770	358,575
Non Current Liabilities
Long Term Debt	2,474,687	1,288,824	1,115,811	813,817
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	426,327	384,298	392,286	374,645
Other Non Current Liabilities	120,591	238,144	135,388	130,116
Minority Interest Liabilities	28,782	29,098	29,412	30,338
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	3,383,551	2,489,659	2,083,667	1,707,491
Total Liabilities	3,050,387	1,940,364	1,672,897	1,348,916
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	1,500,789	923,628	1,026,274	1,068,355
Common Par	1,717	1,613	1,612	1,606
Additional Paid in Capital	546,791	280,730	277,112	272,515
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	858,369	861,044	808,648	766,472
Treasury Stock	-15,539	-14,658	-14,284	-12,304
Other Equity Adjustments	109,451	-205,101	-46,814	40,066
Total Capitalization	3,975,476	2,212,452	2,142,085	1,882,172
Cash Flow	656,794	666,947	634,695	604,314
Working Capital	-78,103	-274,673	-173,763	-168,174
Free Cash Flow	-1,701,653	-513,847	-288,652	-701,580
Invested Capital	3,975,476	2,212,452	2,142,085	1,882,172
Total Equity	1,500,789	923,628	1,026,274	1,068,355
Total Liabilities and Stock Equity	4,884,340	3,413,287	3,109,941	2,775,846

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Assets
Current Assets
Cash & Equivalents	28,226	5,281	14,318	15,947
Restricted Cash	—	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	90,244	76,521	76,121	38,037
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	90,244	76,521	76,121	38,037
Raw Materials	—	—	—	—
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	—	—	—
Other Inventories	—	22,593	—	8,689
Inventories Adjustments and Allowances	—	—	—	—
Inventories	—	22,593	—	8,689
Prepaid Expenses	—	2,483	—	—
Current Deferred Income Taxes	18,946	—	14,614	3,523
Other Current Assets	52,985	64,086	8,531	—
Total Current Assets	190,401	170,964	113,584	66,196
Land and Improvements	2,026,523	1,977,895	1,093,748	935,302
Building and Improvements	—	—	—	—
Machinery Furniture and Equipment	—	—	157,396	83,448
Construction in Progress	—	31,613	—	—
Other Fixed Assets	412,835	17,183	132,090	—
Total Fixed Assets	2,439,358	2,026,691	1,383,234	1,018,750
Gross Fixed Assets	2,439,358	2,026,691	1,383,234	1,018,750
Accumulated Depreciation and Depletion	297,012	347,411	271,232	216,140
Net Fixed Assets	2,142,346	1,679,280	1,112,002	802,610
Intangibles	—	—	—	—
Cost in Excess	—	—	—	—
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	443,099	32,668	17,508	19,528
Total Non Current Assets	2,585,445	1,711,948	1,129,510	822,138
Total Assets	2,775,846	1,882,912	1,243,094	888,334
Liabilities
Current Liabilities
Accounts Payable	192,855	109,914	48,409	28,407
Notes Payable	—	—	—	—
Short Term Debt	34	400	70,493	356
Accrued Expenses	—	—	—	—
Accrued Liabilities	54,981	67,697	93,288	54,688
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	21,378	—	—
Other Current Liabilities	110,705	—	—	—
Total Current Liabilities	358,575	199,389	212,190	83,451
Non Current Liabilities
Long Term Debt	813,817	919,117	506,039	399,134
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	374,645	156,251	115,728	83,506
Other Non Current Liabilities	130,116	25,058	25,522	17,967
Minority Interest Liabilities	30,338	7,431	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	1,707,491	1,307,246	859,479	584,058
Total Liabilities	1,348,916	1,107,857	647,289	500,607
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	1,068,355	575,666	383,615	304,276
Common Par	1,606	802	787	527
Additional Paid in Capital	272,515	238,063	215,175	200,941
Cumulative Translation Adjustment	—	14,905	—	—
Retained Earnings	766,472	287,439	193,720	106,304
Treasury Stock	-12,304	-10,737	-10,353	-10,258
Other Equity Adjustments	40,066	45,194	-15,714	6,762
Total Capitalization	1,882,172	1,494,783	889,654	703,410
Cash Flow	604,314	174,589	144,076	73,212
Working Capital	-168,174	-28,425	-98,606	-17,255
Free Cash Flow	-701,580	-376,875	-185,027	-132,308
Invested Capital	1,882,172	1,494,783	889,654	703,410
Total Equity	1,068,355	575,666	383,615	304,276
Total Liabilities and Stock Equity	2,775,846	1,882,912	1,243,094	888,334