Concho Resources Inc. (CXO) Financial Statements (2024 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 thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments320,000165,00070,000   
Cash and cash equivalents320,000165,00070,000   
Receivables434,000618,000888,000798,000761,000943,000
Inventory, net of allowances, customer advances and progress billings27,00025,00030,00030,00033,00034,000
Inventory27,00025,00030,00030,00033,00034,000
Derivative instruments and hedges, assets467,0001,241,0006,000201,00012,0001,000
Disposal group, including discontinued operation    930,000  
Other undisclosed current assets119,000211,00061,00058,00054,00049,000
Total current assets:1,367,0002,260,0001,055,0002,017,000860,0001,027,000
Noncurrent Assets
Property, plant and equipment10,942,00010,911,00021,327,00021,428,00022,216,00022,771,000
Intangible assets, net (including goodwill)16,00017,0001,934,0002,158,0002,240,0002,247,000
Goodwill   1,917,0002,141,0002,222,0002,229,000
Intangible assets, net (excluding goodwill)16,00017,00017,00017,00018,00018,000
Derivative instruments and hedges80,000225,00011,000121,00029,0002,000
Deferred income tax assets45,000     
Other noncurrent assets324,000195,000398,000400,000124,000112,000
Other undisclosed noncurrent assets6,0006,0007,0008,0009,0009,000
Total noncurrent assets:11,413,00011,354,00023,677,00024,115,00024,618,00025,141,000
TOTAL ASSETS:12,780,00013,614,00024,732,00026,132,00025,478,00026,168,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities224,000340,000321,000286,000310,000319,000
Accounts payable224,000340,000321,000286,000310,000319,000
Debt      105,000
Derivative instruments and hedges, liabilities6,000 112,00015,000126,000292,000
Disposal group, including discontinued operation    69,000  
Other liabilities339,000324,000363,000444,000318,000339,000
Other undisclosed current liabilities191,000382,000386,000526,000649,000605,000
Total current liabilities:760,0001,046,0001,182,0001,340,0001,403,0001,660,000
Noncurrent Liabilities
Long-term debt and lease obligation3,957,0003,956,0003,955,0004,349,0004,350,0004,567,000
Long-term debt, excluding current maturities3,957,0003,956,0003,955,0004,349,0004,350,0004,567,000
Liabilities, other than long-term debt, including:143,000233,0001,813,0001,932,0001,766,0001,882,000
Deferred tax liabilities, net1,783,0001,561,0001,612,000
Deferred income tax liabilities  87,000    
Other liabilities139,000146,000152,000149,000193,000195,000
Derivative instruments and hedges, liabilities4,000 7,000 12,00075,000
Other undisclosed liabilities, other than long-term debt   1,654,000   
Total noncurrent liabilities:4,100,0004,189,0005,768,0006,281,0006,116,0006,449,000
Total liabilities:4,860,0005,235,0006,950,0007,621,0007,519,0008,109,000
Equity
Equity, attributable to parent7,920,0008,379,00017,782,00018,511,00017,959,00018,059,000
Treasury stock, value(151,000)(150,000)(146,000)(146,000)(145,000)(144,000)
Additional paid in capital14,543,00014,526,00014,608,00014,840,00014,820,00014,797,000
Retained earnings (accumulated deficit)(6,472,000)(5,997,000)3,320,0003,817,0003,284,0003,406,000
Total equity:7,920,0008,379,00017,782,00018,511,00017,959,00018,059,000
TOTAL LIABILITIES AND EQUITY:12,780,00013,614,00024,732,00026,132,00025,478,00026,168,000

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Revenues474,000922,0001,246,0001,115,0001,127,0001,104,000
Cost of revenue(1,006,000) (1,124,000)(391,000)(555,000)(1,810,000)
Gross profit:(532,000)922,000122,000724,000572,000(706,000)
Operating expenses24,000(12,481,000)(680,000)98,000(977,000)(140,000)
Other undisclosed operating income  952,000    
Operating income (loss):(508,000)(10,607,000)(558,000)822,000(405,000)(846,000)
Nonoperating income (expense)(59,000)(237,000)(42,000)(42,000)303,000(43,000)
Other nonoperating income (expense)(18,000)(195,000)2,0004,000303,0004,000
Interest and debt expense(41,000)(42,000)(44,000)(46,000)(48,000)(47,000)
Other undisclosed income from continuing operations before equity method investments, income taxes   44,00046,000 47,000
Income (loss) from continuing operations before income taxes:(608,000)(10,886,000)(600,000)780,000(150,000)(889,000)
Income tax expense (benefit)132,0001,567,000129,000(222,000)53,000194,000
Income (loss) from continuing operations:(476,000)(9,319,000)(471,000)558,000(97,000)(695,000)
Income (loss) before gain (loss) on sale of properties:(476,000)(9,319,000)(471,000)558,000(97,000)(695,000)
Net income (loss):(476,000)(9,319,000)(471,000)558,000(97,000)(695,000)
Other undisclosed net income attributable to parent41,00042,000    
Net income (loss) attributable to parent:(435,000)(9,277,000)(471,000)558,000(97,000)(695,000)
Other undisclosed net loss available to common stockholders, basic    (4,000)  
Net income (loss) available to common stockholders, diluted:(435,000)(9,277,000)(471,000)554,000(97,000)(695,000)

Comprehensive Income ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Net income (loss):(476,000)(9,319,000)(471,000)558,000(97,000)(695,000)
Comprehensive income (loss), net of tax, attributable to parent:(476,000)(9,319,000)(471,000)558,000(97,000)(695,000)

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.

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