Continental Resources, Inc. (CLR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
20 NORTH BROADWAY OKLAHOMA CITY, OK 73102 |
| State of Incorp. | OK |
| 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 millions)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 26 | 49 | 14 | 56 | 138 | 1,813 | |||
| Cash and cash equivalents | 26 | 49 | 14 | 56 | 138 | 1,813 | |||
| Receivables | 1,544 | 1,702 | 1,561 | 1,513 | 1,766 | 1,927 | |||
| Inventory, net of allowances, customer advances and progress billings | 191 | 208 | 197 | 193 | 173 | 162 | |||
| Inventory | 191 | 208 | 197 | 193 | 173 | 162 | |||
| Derivative instruments and hedges, assets | 353 | 79 | 247 | 246 | 39 | 14 | |||
| Other undisclosed current assets | 33 | 31 | 34 | 32 | 28 | 47 | |||
| Total current assets: | 2,148 | 2,068 | 2,052 | 2,040 | 2,144 | 3,964 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 39 | 41 | 24 | 25 | 25 | 26 | |||
| Property, plant and equipment | 19,787 | 19,627 | 19,455 | 19,121 | 18,472 | 18,249 | |||
| Long-term investments and receivables | 240 | 226 | 227 | 210 | 211 | 153 | |||
| Long-term investments | 240 | 226 | 227 | 210 | 211 | 153 | |||
| Derivative instruments and hedges | 155 | 19 | 37 | 6 | 4 | 2 | |||
| Other noncurrent assets | 18 | 18 | 18 | 17 | 23 | 18 | |||
| Total noncurrent assets: | 20,240 | 19,931 | 19,762 | 19,380 | 18,734 | 18,448 | |||
| TOTAL ASSETS: | 22,387 | 22,000 | 21,814 | 21,420 | 20,878 | 22,412 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,958 | 2,088 | 1,844 | 1,959 | 2,077 | 2,335 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 63 | ||
| Accounts payable | 1,603 | 1,756 | 1,565 | 1,685 | 1,733 | 1,892 | |||
| Accrued liabilities | 355 | 332 | 279 | 274 | 344 | 380 | |||
| Debt | 895 | 895 | 894 | 638 | 638 | 638 | |||
| Derivative instruments and hedges, liabilities | 175 | 88 | 334 | ||||||
| Other undisclosed current liabilities | 233 | 215 | 150 | 377 | 282 | 4 | |||
| Total current liabilities: | 3,086 | 3,373 | 2,889 | 2,975 | 3,085 | 3,311 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 5,734 | 6,454 | 7,143 | 7,374 | 7,572 | 5,684 | |||
| Long-term debt, excluding current maturities | 5,734 | 6,454 | 7,143 | 7,374 | 7,572 | 5,664 | |||
| Liabilities, other than long-term debt, including: | 3,357 | 3,109 | 3,087 | 3,063 | 3,092 | 3,125 | |||
| Asset retirement obligations | 392 | 271 | 263 | 259 | 257 | 251 | |||
| Deferred income tax liabilities | 2,867 | 2,538 | |||||||
| Other liabilities | 36 | 31 | 31 | 29 | 44 | 36 | |||
| Operating lease, liability | 19 | 22 | 18 | 19 | 20 | 20 | |||
| Derivative instruments and hedges, liabilities | 1 | 39 | 32 | 100 | 133 | 253 | |||
| Other undisclosed liabilities, other than long-term debt | 42 | 2,744 | 2,743 | 2,655 | 100 | 2,585 | |||
| Other undisclosed noncurrent liabilities | (20) | ||||||||
| Total noncurrent liabilities: | 9,091 | 9,563 | 10,230 | 10,437 | 10,664 | 8,789 | |||
| Total liabilities: | 12,178 | 12,936 | 13,118 | 13,412 | 13,749 | 12,100 | |||
| Equity | |||||||||
| Equity, attributable to parent | 9,854 | 8,704 | 8,333 | 7,642 | 6,757 | 9,935 | |||
| Common stock | 3 | 3 | 3 | 3 | 3 | 4 | |||
| Additional paid in capital | 1,059 | ||||||||
| Retained earnings | 9,851 | 8,701 | 8,330 | 7,639 | 6,754 | 8,873 | |||
| Equity, attributable to noncontrolling interest | 356 | 360 | 363 | 366 | 372 | 377 | |||
| Total equity: | 10,210 | 9,064 | 8,695 | 8,008 | 7,130 | 10,312 | |||
| TOTAL LIABILITIES AND EQUITY: | 22,387 | 22,000 | 21,814 | 21,420 | 20,878 | 22,412 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,724 | 1,777 | 2,037 | 2,194 | 2,560 | 2,447 | ||
| Gross profit: | 2,724 | 1,777 | 2,037 | 2,194 | 2,560 | 2,447 | ||
| Operating expenses | (1,197) | (1,202) | (1,050) | (970) | (1,159) | (1,037) | ||
| Operating income: | 1,526 | 575 | 987 | 1,224 | 1,401 | 1,410 | ||
| Nonoperating expense | (86) | (97) | (103) | (98) | (74) | (66) | ||
| Other nonoperating income | 3 | 4 | 3 | 2 | 11 | 4 | ||
| Interest and debt expense | (90) | (101) | (105) | (100) | (71) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 90 | 101 | 105 | 100 | 71 | |||
| Income from continuing operations before equity method investments, income taxes: | 1,440 | 478 | 885 | 1,126 | 1,327 | 1,344 | ||
| Loss from equity method investments | (1) | (1) | (0) | (1) | (1) | (1) | ||
| Other undisclosed income from continuing operations before income taxes | 3 | 1 | 1 | |||||
| Income from continuing operations before income taxes: | 1,442 | 477 | 884 | 1,125 | 1,327 | 1,344 | ||
| Income tax expense | (288) | (106) | (193) | (240) | (117) | (323) | ||
| Income from continuing operations: | 1,154 | 371 | 691 | 886 | 1,210 | 1,020 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,020 | |
| Other undisclosed net loss | (3) | (1) | (1) | |||||
| Net income: | 1,150 | 371 | 691 | 886 | 1,209 | 1,020 | ||
| Net income (loss) attributable to noncontrolling interest | (1) | (1) | 0 | (1) | (4) | (7) | ||
| Net income available to common stockholders, diluted: | 1,150 | 371 | 691 | 884 | 1,205 | 1,013 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,150 | 371 | 691 | 886 | 1,209 | 1,020 | ||
| Comprehensive income: | 1,150 | 371 | 691 | 886 | 1,209 | 1,020 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1) | (1) | 0 | (1) | (4) | (7) | ||
| Comprehensive income, net of tax, attributable to parent: | 1,150 | 371 | 691 | 884 | 1,205 | 1,013 | ||
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.