Concho Resources Inc. (CXO) financial statements (2021 and earlier)

Company profile

Business Address 600 W. ILLINOIS AVENUE
MIDLAND, TX 79701
State of Incorp. DE
Fiscal Year End December 31
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
TTM
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  532290
Cash and cash equivalents 70  532290
Receivables 888831543458395693
Inventory, net of allowances, customer advances and progress billings 303514   
Inventory 303514   
Derivative instruments and hedges, assets 6484 4652490
Other current assets      1,188
Other undisclosed current assets 6159353139(1,184)
Total current assets: 1,0551,4095925461,3151,188
Noncurrent Assets
Inventory, Noncurrent    161914
Property, plant and equipment 21,32722,31313,04111,30210,97710,206
Oil and gas property, successful effort method      10,077
Long-term investments and receivables      30
Long-term investments      30
Intangible assets, net (including goodwill) 1,9342,24326242627
Goodwill 1,9172,224    
Intangible assets, net (excluding goodwill) 171926242627
Derivative instruments and hedges 11211  167262
Regulated entity, other noncurrent assets    32  
Deferred costs     1668
Other noncurrent assets 3981086017612333
Other undisclosed noncurrent assets 7101322 (10,106)
Total noncurrent assets: 23,67724,88513,14011,57311,32710,612
TOTAL ASSETS: 24,73226,29413,73212,11912,64211,800
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 321303226160183363
Accounts payable 321303226160183258
Accrued liabilities      69
Employee-related liabilities      34
Taxes payable      1
Debt  159116  93
Derivative instruments and hedges, liabilities 112 27782 281
Asset retirement obligation      9
Deferred tax liabilities    163
Other liabilities 363320216152185195
Other undisclosed current liabilities 386574330359229323
Total current liabilities: 1,1821,3561,1657535961,427
Noncurrent Liabilities
Long-term debt and lease obligation 3,9554,1942,6912,7413,3323,517
Long-term debt, excluding current maturities 3,9554,1942,6912,7413,3323,517
Liabilities, other than long-term debt, including: 1,8131,9769611,0031,7711,575
Deferred tax liabilities, net1,8086877661,6301,438
Accrued environmental loss contingencies   3112
Other liabilities 152168172141140136
Derivative instruments and hedges, liabilities 7 10296  
Other undisclosed liabilities, other than long-term debt 1,654 (3)(1)(1)(2)
Total noncurrent liabilities: 5,7686,1703,6523,7435,1035,092
Total liabilities: 6,9507,5264,8174,4975,6996,519
Stockholders' equity
Stockholders' equity attributable to parent 17,78218,7688,9157,6236,9435,281
Common stock    000
Treasury stock, value (146)(131)(67)(44)(32)(26)
Additional paid in capital 14,60814,7737,1426,7834,6283,027
Retained earnings 3,3204,1261,8408832,3462,280
Total stockholders' equity: 17,78218,7688,9157,6236,9435,281
TOTAL LIABILITIES AND EQUITY: 24,73226,29413,73212,11912,64211,800

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 4,5924,1512,5861,6351,8042,683
Revenue, net2,5861,6351,8042,683
Cost of revenue (4,168)(1,538)(1,879)(1,987)(1,065)(538)
Cost of goods and services sold   (408)(451)(541)(538)
Gross profit: 4242,613707(352)7392,145
Operating expenses (1,411)317367(1,717)(358)(1,618)
Other undisclosed operating income      563
Operating income (loss): (987)2,9301,074(2,069)3811,090
Nonoperating income (expense) 12810819(9)(15)(234)
Other nonoperating income (expense) 31310819(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)2,889881(2,339)97856
Loss from equity method investments      (1)
Income (loss) from continuing operations before income taxes: (859)2,889881(2,339)97855
Income tax expense (benefit) 154(603)75876(31)(318)
Net income (loss): (705)2,286956(1,462)66537
Other undisclosed net income attributable to parent      1
Net income (loss) attributable to parent: (705)2,286956(1,462)66538
Other undisclosed net loss available to common stockholders, basic (1)(17)(7) (1)(6)
Net income (loss) available to common stockholders, basic: (706)2,269949(1,462)65532
Dilutive securities, effect on basic earnings per share     00
Net income (loss) available to common stockholders, diluted: (706)2,269949(1,462)65532

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
Net income (loss): (705)2,286956(1,462)66537
Comprehensive income (loss), net of tax, attributable to parent: (705)2,286956(1,462)66537

Statements sources

The financial statements are based on the company's filings with the 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: