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)Annual | Quarterly
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 investments | 320,000 | 165,000 | 70,000 | ||||||
Cash and cash equivalents | 320,000 | 165,000 | 70,000 | ||||||
Receivables | 434,000 | 618,000 | 888,000 | 798,000 | 761,000 | 943,000 | |||
Inventory, net of allowances, customer advances and progress billings | 27,000 | 25,000 | 30,000 | 30,000 | 33,000 | 34,000 | |||
Inventory | 27,000 | 25,000 | 30,000 | 30,000 | 33,000 | 34,000 | |||
Derivative instruments and hedges, assets | 467,000 | 1,241,000 | 6,000 | 201,000 | 12,000 | 1,000 | |||
Disposal group, including discontinued operation | 930,000 | ||||||||
Other undisclosed current assets | 119,000 | 211,000 | 61,000 | 58,000 | 54,000 | 49,000 | |||
Total current assets: | 1,367,000 | 2,260,000 | 1,055,000 | 2,017,000 | 860,000 | 1,027,000 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 10,942,000 | 10,911,000 | 21,327,000 | 21,428,000 | 22,216,000 | 22,771,000 | |||
Intangible assets, net (including goodwill) | 16,000 | 17,000 | 1,934,000 | 2,158,000 | 2,240,000 | 2,247,000 | |||
Goodwill | 1,917,000 | 2,141,000 | 2,222,000 | 2,229,000 | |||||
Intangible assets, net (excluding goodwill) | 16,000 | 17,000 | 17,000 | 17,000 | 18,000 | 18,000 | |||
Derivative instruments and hedges | 80,000 | 225,000 | 11,000 | 121,000 | 29,000 | 2,000 | |||
Deferred income tax assets | 45,000 | ||||||||
Other noncurrent assets | 324,000 | 195,000 | 398,000 | 400,000 | 124,000 | 112,000 | |||
Other undisclosed noncurrent assets | 6,000 | 6,000 | 7,000 | 8,000 | 9,000 | 9,000 | |||
Total noncurrent assets: | 11,413,000 | 11,354,000 | 23,677,000 | 24,115,000 | 24,618,000 | 25,141,000 | |||
TOTAL ASSETS: | 12,780,000 | 13,614,000 | 24,732,000 | 26,132,000 | 25,478,000 | 26,168,000 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 224,000 | 340,000 | 321,000 | 286,000 | 310,000 | 319,000 | |||
Accounts payable | 224,000 | 340,000 | 321,000 | 286,000 | 310,000 | 319,000 | |||
Debt | 105,000 | ||||||||
Derivative instruments and hedges, liabilities | 6,000 | 112,000 | 15,000 | 126,000 | 292,000 | ||||
Disposal group, including discontinued operation | 69,000 | ||||||||
Other liabilities | 339,000 | 324,000 | 363,000 | 444,000 | 318,000 | 339,000 | |||
Other undisclosed current liabilities | 191,000 | 382,000 | 386,000 | 526,000 | 649,000 | 605,000 | |||
Total current liabilities: | 760,000 | 1,046,000 | 1,182,000 | 1,340,000 | 1,403,000 | 1,660,000 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 3,957,000 | 3,956,000 | 3,955,000 | 4,349,000 | 4,350,000 | 4,567,000 | |||
Long-term debt, excluding current maturities | 3,957,000 | 3,956,000 | 3,955,000 | 4,349,000 | 4,350,000 | 4,567,000 | |||
Liabilities, other than long-term debt, including: | 143,000 | 233,000 | 1,813,000 | 1,932,000 | 1,766,000 | 1,882,000 | |||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 1,783,000 | 1,561,000 | 1,612,000 | ||
Deferred income tax liabilities | 87,000 | ||||||||
Other liabilities | 139,000 | 146,000 | 152,000 | 149,000 | 193,000 | 195,000 | |||
Derivative instruments and hedges, liabilities | 4,000 | 7,000 | 12,000 | 75,000 | |||||
Other undisclosed liabilities, other than long-term debt | 1,654,000 | ||||||||
Total noncurrent liabilities: | 4,100,000 | 4,189,000 | 5,768,000 | 6,281,000 | 6,116,000 | 6,449,000 | |||
Total liabilities: | 4,860,000 | 5,235,000 | 6,950,000 | 7,621,000 | 7,519,000 | 8,109,000 | |||
Equity | |||||||||
Equity, attributable to parent | 7,920,000 | 8,379,000 | 17,782,000 | 18,511,000 | 17,959,000 | 18,059,000 | |||
Treasury stock, value | (151,000) | (150,000) | (146,000) | (146,000) | (145,000) | (144,000) | |||
Additional paid in capital | 14,543,000 | 14,526,000 | 14,608,000 | 14,840,000 | 14,820,000 | 14,797,000 | |||
Retained earnings (accumulated deficit) | (6,472,000) | (5,997,000) | 3,320,000 | 3,817,000 | 3,284,000 | 3,406,000 | |||
Total equity: | 7,920,000 | 8,379,000 | 17,782,000 | 18,511,000 | 17,959,000 | 18,059,000 | |||
TOTAL LIABILITIES AND EQUITY: | 12,780,000 | 13,614,000 | 24,732,000 | 26,132,000 | 25,478,000 | 26,168,000 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 474,000 | 922,000 | 1,246,000 | 1,115,000 | 1,127,000 | 1,104,000 | ||
Cost of revenue | (1,006,000) | (1,124,000) | (391,000) | (555,000) | (1,810,000) | |||
Gross profit: | (532,000) | 922,000 | 122,000 | 724,000 | 572,000 | (706,000) | ||
Operating expenses | 24,000 | (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) | 2,000 | 4,000 | 303,000 | 4,000 | ||
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 | 44,000 | 46,000 | 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) | 132,000 | 1,567,000 | 129,000 | (222,000) | 53,000 | 194,000 | ||
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 parent | 41,000 | 42,000 | ||||||
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)Annual | Quarterly
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.