PDC Energy, Inc. (PDCE) Financial Statements (2024 and earlier)

Company Profile

Business Address 1099 18TH STREET
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 thousands)
Annual | Quarterly

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,49433,8292,6239631,398180,675
Cash and cash equivalents6,49433,8292,6239631,398180,675
Receivables546,311398,605244,251266,354181,434197,598
Derivative instruments and hedges, assets   48,86928,07884,49214,338
Other undisclosed current assets40,95026,13912,5058,6357,1368,613
Total current assets:593,755458,573308,248304,030274,460401,224
Noncurrent Assets
Oil and gas property, successful effort method7,293,3554,814,8654,859,1994,095,2024,002,8623,933,467
Derivative instruments and hedges   9,5653,74693,722 
Other noncurrent assets70,09348,05160,96145,70232,39645,116
Other undisclosed noncurrent assets25,56215,177  140,70540,084
Total noncurrent assets:7,389,0104,878,0934,929,7254,144,6504,269,6854,018,667
TOTAL ASSETS:7,982,7655,336,6665,237,9734,448,6804,544,1454,419,891
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities362,143229,782187,084205,291271,147227,252
Interest and dividends payable✕✕10,48214,73414,28414,15011,815
Employee-related liabilities✕✕  21,611 22,383
Accounts payable244,406127,89190,63598,934181,864150,067
Accrued liabilities117,73791,40981,71570,46275,13342,987
Debt2,1621,260201,0005,9261,7791,672
Derivative instruments and hedges, liabilities   98,1522,9213,36479,302
Accrued environmental loss contingencies    2,256 1,374
Asset retirement obligation25,98632,14633,93332,200 15,801
Other undisclosed current liabilities1,029,901656,908259,688112,636164,72492,235
Total current liabilities:1,420,192920,096779,857361,230441,014417,636
Noncurrent Liabilities
Long-term debt and lease obligation1,318,105948,3581,409,5481,177,2261,194,8761,151,932
Long-term debt, excluding current maturities1,314,010942,0841,409,5481,177,2261,194,8761,151,932
Finance lease, liability 4,0952,230  ✕✕
Liabilities, other than long-term debt1,249,938468,678433,030378,876377,436342,674
Asset retirement obligations171,665127,526132,63795,05185,31271,006
Deferred tax liabilities, net✕✕✕✕✕198,096191,992
Deferred income tax liabilities507,68326,383  ✕✕
Other liabilities532,870314,769264,034283,13392,66457,333
Operating lease, liability 37,7204,044  ✕✕
Derivative instruments and hedges, liabilities   36,3596921,36422,343
Other undisclosed noncurrent liabilities11,78589,287 195,8414,111 
Total noncurrent liabilities:2,579,8281,506,3231,842,5781,751,9431,576,4231,494,606
Total liabilities:4,000,0202,426,4192,622,4352,113,1732,017,4371,912,242
Equity
Equity, attributable to parent3,982,7452,910,2472,615,5382,335,5072,526,7082,507,649
Common stock892965998617661659
Treasury stock, value(7,327)(2,705)(949)(1,474)(2,103)(3,008)
Additional paid in capital2,823,3643,161,9413,387,7542,384,3092,519,4232,503,294
Retained earnings (accumulated deficit)1,165,816(249,954)(772,265)(47,945)8,7276,704
Total equity:3,982,7452,910,2472,615,5382,335,5072,526,7082,507,649
TOTAL LIABILITIES AND EQUITY:7,982,7655,336,6665,237,9734,448,6804,544,1454,419,891

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,845,7331,855,9101,339,2261,156,1231,548,659921,616
Revenue, net✕✕✕✕✕✕913,084
Cost of revenue(1,441,198)(1,083,945)(928,560)(907,807)(810,010)(646,484)
Gross profit:2,404,535771,965410,666248,316738,649275,132
Operating expenses(197,537)(140,373)(1,054,204)(237,211)(660,903)(513,384)
Other operating expense, net
(Other Expenses)		  (2,490)(10,272)   
Other undisclosed operating income  2,49010,272   
Operating income (loss):2,206,998631,592(643,538)11,10577,746(238,252)
Nonoperating expense
(Investment Income, Nonoperating)		      
Interest and debt expense(64,734)(82,698)(88,684)(71,171)(70,730)(103,441)
Other undisclosed income from continuing operations before equity method investments, income taxes    724132,261
Income (loss) from continuing operations before equity method investments, income taxes:2,142,264548,894(732,222)(59,994)7,429(339,432)
Other undisclosed income from continuing operations before income taxes90,057     
Income (loss) from continuing operations before income taxes:2,232,321548,894(732,222)(59,994)7,429(339,432)
Income tax expense (benefit)(454,200)(26,583)7,9023,322(5,406)211,928
Income (loss) from continuing operations:1,778,121522,311(724,320)(56,672)2,023(127,504)
Income (loss) before gain (loss) on sale of properties:✕522,311(724,320)(56,672)2,023(127,504)
Net income (loss) available to common stockholders, diluted:1,778,121522,311(724,320)(56,672)2,023(127,504)

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1,778,121522,311(724,320)(56,672)2,023(127,504)
Comprehensive income (loss), net of tax, attributable to parent:1,778,121522,311(724,320)(56,672)2,023(127,504)

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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