Concho Resources Inc. (CXO) Financial Statements (2025 and earlier)
Company Profile
Business Address |
600 W. ILLINOIS AVENUE MIDLAND, TX 79701 |
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 millions)
9/30/2020 MRQ | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 70 | 53 | 229 | 0 | |||||
Cash and cash equivalent | 70 | 53 | 229 | 0 | |||||
Receivables | 888 | 831 | 543 | 458 | 395 | 693 | |||
Inventory, net of allowances, customer advances and progress billings | 30 | 35 | 14 | ||||||
Inventory | 30 | 35 | 14 | ||||||
Derivative instruments and hedges, assets | 6 | 484 | 4 | 652 | 490 | ||||
Other current assets | 1,188 | ||||||||
Other undisclosed current assets | 61 | 59 | 35 | 31 | 39 | (1,184) | |||
Total current assets: | 1,055 | 1,409 | 592 | 546 | 1,315 | 1,188 | |||
Noncurrent Assets | |||||||||
Inventory, Noncurrent | 16 | 19 | 14 | ||||||
Property, plant and equipment | 21,327 | 22,313 | 13,041 | 11,302 | 10,977 | 10,206 | |||
Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 10,077 | ||||||||
Long-term investments and receivables | 30 | ||||||||
Long-term investments | 30 | ||||||||
Intangible assets, net (including goodwill) | 1,934 | 2,243 | 26 | 24 | 26 | 27 | |||
Goodwill | 1,917 | 2,224 | |||||||
Intangible assets, net (excluding goodwill) | 17 | 19 | 26 | 24 | 26 | 27 | |||
Derivative instruments and hedges | 11 | 211 | 167 | 262 | |||||
Regulated entity, other noncurrent assets | 32 | ||||||||
Deferred costs | 16 | 68 | |||||||
Other noncurrent assets | 398 | 108 | 60 | 176 | 123 | 33 | |||
Other undisclosed noncurrent assets | 7 | 10 | 13 | 22 | (10,106) | ||||
Total noncurrent assets: | 23,677 | 24,885 | 13,140 | 11,573 | 11,327 | 10,612 | |||
TOTAL ASSETS: | 24,732 | 26,294 | 13,732 | 12,119 | 12,642 | 11,800 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 321 | 303 | 226 | 160 | 183 | 363 | |||
Taxes payable | 1 | ||||||||
Employee-related liabilities | 34 | ||||||||
Accounts payable | 321 | 303 | 226 | 160 | 183 | 258 | |||
Accrued liabilities | 69 | ||||||||
Debt | 159 | 116 | 93 | ||||||
Derivative instruments and hedges, liabilities | 112 | 277 | 82 | 281 | |||||
Asset retirement obligation | 9 | ||||||||
Other liabilities | 363 | 320 | 216 | 152 | 185 | 195 | |||
Deferred tax liabilities | ✕ | ✕ | 163 | ||||||
Other undisclosed current liabilities | 386 | 574 | 330 | 359 | 229 | 323 | |||
Total current liabilities: | 1,182 | 1,356 | 1,165 | 753 | 596 | 1,427 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 3,955 | 4,194 | 2,691 | 2,741 | 3,332 | 3,517 | |||
Long-term debt, excluding current maturities | 3,955 | 4,194 | 2,691 | 2,741 | 3,332 | 3,517 | |||
Liabilities, other than long-term debt, including: | 1,813 | 1,976 | 961 | 1,003 | 1,771 | 1,575 | |||
Deferred tax liabilities, net | ✕ | ✕ | 1,808 | 687 | 766 | 1,630 | 1,438 | ||
Accrued environmental loss contingencies | 3 | 1 | 1 | 2 | |||||
Other liabilities | 152 | 168 | 172 | 141 | 140 | 136 | |||
Derivative instruments and hedges, liabilities | 7 | 102 | 96 | ||||||
Other undisclosed liabilities, other than long-term debt | 1,654 | (3) | (1) | (1) | (2) | ||||
Total noncurrent liabilities: | 5,768 | 6,170 | 3,652 | 3,743 | 5,103 | 5,092 | |||
Total liabilities: | 6,950 | 7,526 | 4,817 | 4,497 | 5,699 | 6,519 | |||
Equity | |||||||||
Equity, attributable to parent | 17,782 | 18,768 | 8,915 | 7,623 | 6,943 | 5,281 | |||
Common stock | 0 | 0 | 0 | ||||||
Treasury stock, value | (146) | (131) | (67) | (44) | (32) | (26) | |||
Additional paid in capital | 14,608 | 14,773 | 7,142 | 6,783 | 4,628 | 3,027 | |||
Retained earnings | 3,320 | 4,126 | 1,840 | 883 | 2,346 | 2,280 | |||
Total equity: | 17,782 | 18,768 | 8,915 | 7,623 | 6,943 | 5,281 | |||
TOTAL LIABILITIES AND EQUITY: | 24,732 | 26,294 | 13,732 | 12,119 | 12,642 | 11,800 |
Income Statement (P&L) ($ in millions)
9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 4,592 | 4,151 | 2,586 | 1,635 | 1,804 | 2,683 | ||
Revenue, net | ✕ | ✕ | ✕ | 2,586 | 1,635 | 1,804 | 2,683 | |
Cost of revenue | (4,168) | (1,538) | (1,879) | (1,987) | (1,065) | (538) | ||
Cost of product and service sold | (408) | (451) | (541) | (538) | ||||
Gross profit: | 424 | 2,613 | 707 | (352) | 739 | 2,145 | ||
Operating expenses | (1,411) | 317 | 367 | (1,717) | (358) | (1,618) | ||
Other undisclosed operating income | 563 | |||||||
Operating income (loss): | (987) | 2,930 | 1,074 | (2,069) | 381 | 1,090 | ||
Nonoperating income (expense) | 128 | 108 | 19 | (9) | (15) | (234) | ||
Other nonoperating income (expense) | 313 | 108 | 19 | (9) | (15) | (13) | ||
Interest and debt expense | (185) | (149) | (66) | (56) | (215) | (221) | ||
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 185 | (146) | (204) | (54) | 221 | |||
Income (loss) from continuing operations before equity method investments, income taxes: | (859) | 2,889 | 881 | (2,339) | 97 | 856 | ||
Loss from equity method investments | (1) | |||||||
Income (loss) from continuing operations before income taxes: | (859) | 2,889 | 881 | (2,339) | 97 | 855 | ||
Income tax expense (benefit) | 154 | (603) | 75 | 876 | (31) | (318) | ||
Income (loss) from continuing operations: | (705) | 2,286 | 956 | (1,462) | 66 | 537 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | (705) | 2,286 | 956 | (1,462) | 66 | 537 | |
Net income (loss): | (705) | 2,286 | 956 | (1,462) | 66 | 537 | ||
Other undisclosed net income attributable to parent | 1 | |||||||
Net income (loss) attributable to parent: | (705) | 2,286 | 956 | (1,462) | 66 | 538 | ||
Other undisclosed net loss available to common stockholders, basic | (1) | (17) | (7) | (1) | (6) | |||
Net income (loss) available to common stockholders, basic: | (706) | 2,269 | 949 | (1,462) | 65 | 532 | ||
Dilutive securities, effect on basic earnings per share | 0 | 0 | ||||||
Net income (loss) available to common stockholders, diluted: | (706) | 2,269 | 949 | (1,462) | 65 | 532 |
Comprehensive Income ($ in millions)
9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
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Net income (loss): | (705) | 2,286 | 956 | (1,462) | 66 | 537 | ||
Comprehensive income (loss), net of tax, attributable to parent: | (705) | 2,286 | 956 | (1,462) | 66 | 537 |
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.