Civitas Resources Inc. (CIVI) Financial Statements (2024 and earlier)

Company Profile

Business Address 555 - 17TH STREET, SUITE 3700
DENVER, CO 80202
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,124,797768,032254,45424,74311,00812,916
Cash and cash equivalents1,124,797768,032254,45424,74311,00812,916
Receivables505,961343,500362,26232,67343,71431,799
Inventory, net of allowances, customer advances and progress billings   12,3869,1857,7263,478
Inventory   12,3869,1857,7263,478
Prepaid expense 9,55229,604    
Derivative instruments and hedges, assets35,1922,4903,3937,4822,88434,408
Other undisclosed current assets468,910184,80487,44218,32245,18452,210
Total current assets:2,144,4121,328,430719,93792,405110,516134,811
Noncurrent Assets
Operating lease, right-of-use asset 78,26624,12539,88529,48638,562
Property, plant and equipment11,820,2166,611,1055,944,842997,3111,053,575917,974
Derivative instruments and hedges8,233794  1213,864
Deferred income tax assets   22,28460,520 
Other noncurrent assets29,8526,94514,0852,8713,5444,885
Other undisclosed noncurrent assets 16,340  219  
Total noncurrent assets:11,952,9076,642,9696,021,0961,090,4071,095,802926,723
TOTAL ASSETS:14,097,3197,971,3996,741,0331,182,8121,206,3181,061,534
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:565,708295,297246,18837,42557,63879,390
Accounts payable55,75031,78319,6231,93117,11711,532
Accrued liabilities80,42377,50719,0771,7932,1872,183
Other undisclosed accounts payable and accrued liabilities429,535186,007207,48833,70138,33465,675
Deferred revenue 4,501    
Debt     11,690 
Derivative instruments and hedges, liabilities18,09646,334219,8046,4026,390183
Asset retirement obligation31,11625,55724,000   
Other liabilities      
Other undisclosed current liabilities1,232,466810,739629,51430,65729,02119,903
Total current liabilities:1,851,8871,177,9271,119,50674,484104,73999,476
Noncurrent Liabilities
Long-term debt and lease obligation4,785,732393,293513,10817,978107,54050,000
Long-term debt, excluding current maturities4,785,732393,293491,710 80,00050,000
Liabilities, other than long-term debt914,386613,610221,2741,330921 
Deferred revenue 43,889    
Asset retirement obligations305,716265,469201,315   
Deferred income tax liabilities564,781319,618   
Other liabilities      
Operating lease, liability  11,32421,39817,97827,540
Derivative instruments and hedges, liabilities 17,19919,9591,330921 
Other undisclosed noncurrent liabilities363,993412,650232,14743,76856,42848,145
Total noncurrent liabilities:6,064,1111,419,553966,52963,076164,88998,145
Total liabilities:7,915,9982,597,4802,086,035137,560269,628197,621
Equity
Equity, attributable to parent6,181,3215,373,9194,654,9981,045,252936,690863,913
Common stock5,0044,9184,9124,2824,2844,286
Additional paid in capital4,964,4504,211,1974,199,108707,209702,173696,461
Retained earnings1,211,8671,157,804450,978333,761230,233163,166
Total equity:6,181,3215,373,9194,654,9981,045,252936,690863,913
TOTAL LIABILITIES AND EQUITY:14,097,3197,971,3996,741,0331,182,8121,206,3181,061,534

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues3,479,2403,791,398930,614218,090313,220276,657
Cost of revenue
(Cost of Goods and Services Sold)
      (248)
Gross profit:3,479,2403,791,398930,614218,090313,220276,409
Operating expenses(2,339,760)(1,807,358)(608,551)(229,235)(207,662)(164,263)
Other undisclosed operating income      248
Operating income (loss):1,139,4801,984,040322,063(11,145)105,558112,394
Nonoperating income (expense)(140,026)(330,262)(70,284)54,126(38,491)55,792
Other nonoperating income (expense)33,66121,217(2,006)4,107127800
Interest and debt expense(182,740)(32,199)(1)(864)(2,650)(2,603)
Income from continuing operations before equity method investments, income taxes:816,7141,621,579251,77842,11764,417165,583
Other undisclosed income from continuing operations before income taxes182,74032,19918642,6502,603
Income from continuing operations before income taxes:999,4541,653,778251,77942,98167,067168,186
Income tax expense (benefit)(215,166)(405,698)(72,858)60,547  
Income from continuing operations:784,2881,248,080178,921103,52867,067168,186
Income before gain (loss) on sale of properties:178,921103,52867,067168,186
Net income available to common stockholders, diluted:784,2881,248,080178,921103,52867,067168,186

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:784,2881,248,080178,921103,52867,067168,186
Comprehensive income, net of tax, attributable to parent:784,2881,248,080178,921103,52867,067168,186

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: