Oasis Petroleum Inc. (OAS) financial statements (2022 and earlier)

Company profile

Business Address 1001 FANNIN STREET
HOUSTON, TX 77002
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
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments172449389113168477
Cash and cash equivalents172449389113168477
Restricted cash and investments    4  
Receivables377270303269207202202
Inventory, net of allowances, customer advances and progress billings29283329343637
Inventory29283329343637
Prepaid expense6458101516
Derivative instruments and hedges, assets    0085
Disposal group, including discontinued operation1,029      
Other current assets2233122
Total current assets:1,615753732423272339419
Noncurrent Assets
Inventory, Noncurrent1818916151414
Finance lease, right-of-use asset1   3  
Operating lease, right-of-use asset1655561315
Property, plant and equipment1,3201,5831,5551,7201,7292,1162,152
Oil and gas property, successful effort method(107)   (12)  
Intangible assets, net (including goodwill) 112113114114  
Goodwill 71717171  
Intangible assets, net (excluding goodwill) 42424344  
Derivative instruments and hedges454033    
Restricted cash and investments 400400    
Disposal group, including discontinued operation, noncurrent assets    611
Deferred income tax assets   3   
Other noncurrent assets13899018182324
Other undisclosed noncurrent assets106   9  
Total noncurrent assets:1,4112,2462,2041,8751,8872,1672,207
TOTAL ASSETS:3,0273,0002,9372,2972,1592,5072,626
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities155161239159131102241
Accounts payable2656315
Accrued liabilities15112922315212642143
Interest and dividends payable22611115993
Debt1   2  
Derivative instruments and hedges, liabilities8926625615657  
Asset retirement obligation51122 0
Disposal group, including discontinued operation700      
Other liabilities1223211
Other undisclosed current liabilities274235193188148473118
Total current liabilities:1,225665691509341575361
Noncurrent Liabilities
Long-term debt and lease obligation3991,0441,0466767124882,779
Long-term debt, excluding current maturities3931,0421,0446747104882,762
Operating lease, liability72222117
Liabilities, other than long-term debt181197177150931075
Asset retirement obligations5846454746258
Deferred income tax liabilities011 1510
Other liabilities8866847
Derivative instruments and hedges, liabilities1151431269738  
Other undisclosed noncurrent liabilities     2,071 
Total noncurrent liabilities:5801,2411,2248278052,5702,854
Total liabilities:1,8051,9061,9151,3351,1463,1453,216
Stockholders' equity
Stockholders' equity attributable to parent1,033904836865916(810)(759)
Common stock0000034
Treasury stock, value(100)(15)(15)  (37)(37)
Additional paid in capital8638678719589663,1293,123
Retained earnings (accumulated deficit)27052(20)(94)(50)(3,905)(3,850)
Stockholders' equity attributable to noncontrolling interest1891891869797172169
Total stockholders' equity:1,2221,0931,0229621,013(638)(590)
TOTAL LIABILITIES AND EQUITY:3,0273,0002,9372,2972,1592,5072,626

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues429402393355(705)271166
Cost of revenue(194)(189)(442)(184)643(159)(134)
Gross profit:236213(49)172(62)11232
Operating expenses(150)(14)202(21)4,948(75)(42)
Other undisclosed operating income (loss)(6)52230(12)1(1)
Operating income (loss):792043761514,87439(11)
Nonoperating expense(21)(120)(291)(190)(190)(91)(81)
Interest and debt expense19(18)(23)(9)(87)(0)(44)
Other undisclosed income from continuing operations before equity method investments, income taxes  23987044
Income (loss) from continuing operations before equity method investments, income taxes:776585(39)4,684(52)(92)
Other undisclosed income (loss) from continuing operations before income taxes(19)18     
Income (loss) from continuing operations before income taxes:598385(39)4,684(52)(92)
Income tax expense (benefit)  (4)4(259)53
Other undisclosed income from continuing operations1      
Income (loss) before gain (loss) on sale of properties:608381(35)4,425(47)(89)
Other undisclosed net income166      
Net income (loss):2268381(35)4,425(47)(89)
Net loss attributable to noncontrolling interest (11)(8)(8)(15)(9)(4)
Other undisclosed net loss attributable to parent(8)      
Net income (loss) available to common stockholders, diluted:2187273(44)4,410(56)(93)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):2268381(35)4,425(47)(89)
Comprehensive income (loss):2268381(35)4,425(47)(89)
Comprehensive loss, net of tax, attributable to noncontrolling interest (11)(8)(8)(15)(9)(4)
Other undisclosed comprehensive income, net of tax, attributable to parent28      
Comprehensive income (loss), net of tax, attributable to parent:2547273(44)4,410(56)(93)

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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