Earthstone Energy, Inc. (ESTE) financial statements (2022 and earlier)

Company profile

Business Address 1400 WOODLOCH FOREST DRIVE
THE WOODLANDS, TX 77380
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4 1402310
Cash and cash equivalents4 1402310
Receivables54 36182317
Derivative instruments and hedges, assets1 9440 
Other undisclosed current assets3 2110
Total current assets:61 60644727
Noncurrent Assets
Operating lease, right-of-use asset2 3
Property, plant and equipment  1111
Oil and gas property, successful effort method1,457 1,041900768269
Intangible assets, net (including goodwill)  18181818
Goodwill  18181818
Derivative instruments and hedges0 121  
Other noncurrent assets34 2211
Other undisclosed noncurrent assets2     
Total noncurrent assets:1,495 1,065941787289
TOTAL ASSETS:1,556 1,1261,004834317
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities63 45494217
Accounts payable31 25263312
Accrued liabilities32 202295
Debt  1  2
Derivative instruments and hedges, liabilities45 71125
Asset retirement obligation0 01  
Other liabilities1 0   
Other undisclosed current liabilities41 47321515
Total current liabilities:151 100826939
Noncurrent Liabilities
Long-term debt and lease obligation321 173792513
Long-term debt, excluding current maturities320 170792513
Finance lease, liability  0
Operating lease, liability1 3
Liabilities, other than long-term debt38 1741524
Asset retirement obligations15 2226
Deferred tax liabilities, net 1116
Deferred income tax liabilities16 15
Other liabilities6  000
Derivative instruments and hedges, liabilities1  222
Other undisclosed noncurrent liabilities   13  
Total noncurrent liabilities:359 190964036
Total liabilities:510 29017810975
Stockholders' equity
Stockholders' equity attributable to parent, including:558 346335279241
Common stock     0
Treasury stock, value     (0)
Additional paid in capital718 527517504454
Accumulated deficit(160) (182)(182)(225)(212)
Other undisclosed stockholders' equity attributable to parent0 000 
Stockholders' equity attributable to noncontrolling interest488 490492447 
Total stockholders' equity:1,046 836826726241
TOTAL LIABILITIES AND EQUITY:1,556 1,1261,004834317

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues420 19116510842
Revenue, net10842
Cost of revenue(183) (113)(83)(20)(76)
Cost of goods and services sold    (20)(13)
Gross profit:237 788388(34)
Operating expenses(47) (26)(41)(17)(12)
Other undisclosed operating income (loss)1 32(122)0
Operating income (loss):190 5544(50)(46)
Nonoperating income (expense)(127) (52)54(11)(8)
Investment income, nonoperating(117) (44)61(8)(7)
Interest and debt expense  (0)(0)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:63 397(61)(54)
Other undisclosed income from continuing operations before income taxes  0000
Income (loss) from continuing operations before income taxes:63 398(61)(54)
Income tax expense (benefit)(2) (2)(2)16(1)
Net income (loss):62 295(45)(55)
Net income (loss) attributable to noncontrolling interest(26) (1)(53)32 
Net income (loss) available to common stockholders, diluted:35 142(13)(55)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):62 295(45)(55)
Comprehensive income (loss):62 295(45)(55)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(26) (1)(53)32 
Comprehensive income (loss), net of tax, attributable to parent:35 142(13)(55)

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.

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