Ovintiv Inc. (DE) (OVV) Financial Statements (2024 and earlier)

Company Profile

Business Address 370 - 17TH STREET, SUITE 1700
DENVER, CO 80202
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 millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3519510190
Cash and cash equivalents3519510190
Receivables1,3501,5331,3011,1431,445
Prepaid expense 5538282348
Derivative instruments and hedges, assets21453137148
Other current assets 5970673841
Other undisclosed current assets(5)(4)(5)(4)(3)
Total current assets:1,6761,6951,5871,2471,869
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization     37
Property, plant and equipment14,6409,4688,7619,45015,191
Intangible assets, net (including goodwill)2,5992,5842,6282,6252,611
Goodwill2,5992,5842,6282,6252,611
Derivative instruments and hedges 434 42
Deferred income tax assets 53271   
Other noncurrent assets1,0151,0041,0791,1431,213
Other undisclosed noncurrent assets     564
Total noncurrent assets:18,31113,36112,46813,22219,618
TOTAL ASSETS:19,98715,05614,05514,46921,487
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,2092,2211,9791,7042,239
Interest and dividends payable10812583
Taxes payable431
Employee-related liabilities285  
Accounts payable 586436328306355
Accrued liabilities538297 215534
Other undisclosed accounts payable and accrued liabilities1,0851,4881,2541,0551,266
Debt284393 51878
Derivative instruments and hedges, liabilities 86703130114
Other undisclosed current liabilities3198066711
Total current liabilities:2,8122,7802,7482,4232,432
Noncurrent Liabilities
Long-term debt and lease obligation5,4533,1775,6757,3057,951
Long-term debt, excluding current maturities5,4533,1774,7866,3676,974
Liabilities, other than long-term debt1,3521,410558904957
Asset retirement obligations276281339401425
Deferred income tax liabilities110184420 
Other liabilities132131190358464
Operating lease, liability832814889938977
Derivative instruments and hedges, liabilities2 2512568
Other undisclosed noncurrent liabilities     217
Total noncurrent liabilities:6,8054,5876,2338,2099,125
Total liabilities:9,6177,3678,98110,63211,557
Equity
Equity, attributable to parent10,3707,6895,0743,8379,930
Common stock33337,061
Additional paid in capital8,6207,7768,4588,5311,402
Accumulated other comprehensive income1,0509911,0921,0761,046
Retained earnings (accumulated deficit)697(1,081)(4,479)(5,773)421
Total equity:10,3707,6895,0743,8379,930
TOTAL LIABILITIES AND EQUITY:19,98715,05614,05514,46921,487

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues10,88312,4648,6586,0876,726
Gain (loss) on disposition of assets for financial service operations(50)(2,613)(1,362)710372
Cost of revenue
(Cost of Goods and Services Sold)
(859)(802)(625)(605)(732)
Gross profit:10,02411,6628,0335,4825,994
Operating expenses(8,019)(8,611)(7,139)(11,484)(6,128)
Other undisclosed operating income859802625605732
Operating income (loss):2,8643,8531,519(5,397)598
Nonoperating income118603896
Gain (loss), foreign currency transaction, before tax(19)(15)23(17)119
Other nonoperating income (expense)20333755(23)
Interest and debt expense(355)(311)(340)(371)(382)
Income (loss) from continuing operations before equity method investments, income taxes:2,5103,5601,239(5,730)312
Other undisclosed income from continuing operations before income taxes    3
Income (loss) from continuing operations before income taxes:2,5103,5601,239(5,730)315
Income tax expense (benefit)(425)77177(367)(81)
Income (loss) from continuing operations:2,0853,6371,416(6,097)234
Income (loss) before gain (loss) on sale of properties:1,416(6,097)234
Net income (loss) available to common stockholders, diluted:2,0853,6371,416(6,097)234

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):2,0853,6371,416(6,097)234
Other comprehensive income (loss)(8)210(17)20
Comprehensive income (loss):2,0773,6391,426(6,114)254
Other undisclosed comprehensive income (loss), net of tax, attributable to parent67(103)64728
Comprehensive income (loss), net of tax, attributable to parent:2,1443,5361,432(6,067)282

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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