Diamondback Energy, Inc. (FANG) Financial Statements (2023 and earlier)
Company Profile
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
| 12/31/2015
|
|
ASSETS |
|
Current Assets |
|
Cash, cash equivalents, and short-term investments | 654 | 104 | 123 | 215 | 112 | 1,667 | 20 |
|
Cash and cash equivalents | 654 | 104 | 123 | 215 | 112 | 1,667 | 20 |
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Restricted cash and investments | 18 | 4 | 5 | | | 1 | 1 |
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Receivables | 671 | 437 | 615 | 392 | 232 | 120 | 2 |
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Inventory, net of allowances, customer advances and progress billings | 62 | 33 | 37 | 38 | 9 | 2 | 2 |
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Inventory | 62 | 33 | 37 | 38 | 9 | 2 | 2 |
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Prepaid expense | | | 20 | | | | |
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Derivative instruments and hedges, assets | 13 | 1 | 46 | 231 | 1 | | 5 |
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Other current assets | | | | 281 | 5 | 3 | |
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Other undisclosed current assets | 28 | 23 | 23 | (231) | (1) | 0 | 80 |
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Total current assets: | 1,446 | 602 | 869 | 925 | 359 | 1,792 | 109 |
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Noncurrent Assets |
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Operating lease, right-of-use asset | | | 15 | ✕ | ✕ | ✕ | ✕ |
|
Property, plant and equipment | 20,619 | 16,214 | 21,835 | 20,372 | 7,344 | 3,391 | 2,598 |
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Oil and gas property, full cost method | (5,434) | (4,237) | (2,995) | (1,599) | (1,010) | (688) | |
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Long-term investments and receivables | 613 | 533 | 479 | | | | |
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Long-term investments | 613 | 533 | 479 | | | | |
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Intangible assets, net (including goodwill) | | | 8 | 8 | | | |
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Intangible assets, net (excluding goodwill) | | | 8 | 8 | | | |
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Derivative instruments and hedges | 4 | | 7 | | | 1 | |
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Deposits noncurrent assets | | | | | 6 | 121 | |
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Deferred income tax assets | 40 | 73 | 142 | ✕ | ✕ | ✕ | ✕ |
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Other noncurrent assets | 76 | 45 | 90 | 86 | 62 | 45 | 52 |
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Other undisclosed noncurrent assets | 5,534 | 4,389 | 3,081 | 1,804 | 1,010 | 688 | |
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Total noncurrent assets: | 21,452 | 17,017 | 22,662 | 20,671 | 7,412 | 3,558 | 2,650 |
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TOTAL ASSETS: | 22,898 | 17,619 | 23,531 | 21,596 | 7,771 | 5,350 | 2,758 |
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LIABILITIES AND EQUITY |
|
Liabilities |
|
Current Liabilities |
|
Accounts payable and accrued liabilities | 472 | 373 | 483 | 381 | 187 | 103 | 64 |
|
Accounts payable | 36 | 71 | 179 | 128 | 95 | 48 | 20 |
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Accrued liabilities | 436 | 302 | 304 | 253 | 93 | 55 | 44 |
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Deferred revenue | 452 | 237 | 278 | ✕ | ✕ | ✕ | ✕ |
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Debt | 45 | 191 | 8 | | | | |
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Derivative instruments and hedges, liabilities | | | 27 | | 100 | 23 | |
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Asset retirement obligation | 5 | 1 | | | | | |
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Due to related parties | | | | | | 0 | 0 |
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Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 69 | 23 | |
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Other liabilities | | | | 892 | 483 | 162 | |
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Other undisclosed current liabilities | 464 | 434 | 467 | (253) | (262) | (101) | 77 |
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Total current liabilities: | 1,438 | 1,236 | 1,263 | 1,020 | 577 | 209 | 141 |
|
Noncurrent Liabilities |
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Long-term debt and lease obligation | 6,642 | 5,624 | 5,371 | 4,464 | 1,477 | 1,106 | 496 |
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Long-term debt, excluding current maturities | 6,642 | 5,624 | 5,371 | 4,464 | 1,477 | 1,106 | 496 |
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Liabilities, other than long-term debt, including: | 1,573 | 955 | 11 | 10 | 134 | 16 | 13 |
|
Asset retirement obligations | 166 | 108 | 94 | 136 | 20 | 16 | 13 |
|
Deferred tax liabilities, net | ✕ | ✕ | ✕ | 1,785 | 108 | | |
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Deferred income tax liabilities | 1,338 | 783 | | ✕ | ✕ | ✕ | ✕ |
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Other liabilities | 40 | 7 | | | | | |
|
Derivative instruments and hedges, liabilities | 29 | 57 | | 15 | 6 | | |
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Other undisclosed liabilities, other than long-term debt | | | (83) | (1,926) | | | |
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Other undisclosed noncurrent liabilities | | | 1,980 | 1,936 | | | |
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Total noncurrent liabilities: | 8,215 | 6,579 | 7,362 | 6,410 | 1,612 | 1,122 | 508 |
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Total liabilities: | 9,653 | 7,815 | 8,625 | 7,429 | 2,189 | 1,331 | 649 |
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Stockholders' equity |
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Stockholders' equity attributable to parent, including: | 12,088 | 8,794 | 13,249 | 13,699 | 5,255 | 3,697 | 1,876 |
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Additional paid in capital | 14,084 | 12,656 | 12,357 | 12,936 | 5,291 | 4,216 | 2,230 |
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Accumulated other comprehensive loss | | | | (0) | | | |
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Retained earnings (accumulated deficit) | (1,998) | (3,864) | 890 | 762 | (37) | (519) | (354) |
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Other undisclosed stockholders' equity attributable to parent | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
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Stockholders' equity attributable to noncontrolling interest | 1,157 | 1,010 | 1,657 | 467 | 327 | 321 | 233 |
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Total stockholders' equity: | 13,245 | 9,804 | 14,906 | 14,166 | 5,582 | 4,018 | 2,109 |
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TOTAL LIABILITIES AND EQUITY: | 22,898 | 17,619 | 23,531 | 21,596 | 7,771 | 5,350 | 2,758 |
Income Statement (P&L) ($ in millions)
Comprehensive Income ($ in millions)
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.