PDC Energy, Inc. (PDCE) financial statements (2022 and earlier)

Company profile

Business Address 1775 SHERMAN STREET
DENVER, CO 80203
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 investments3410011059341
Cash and cash equivalents3410011059341
Receivables399369307257244207196
Derivative instruments and hedges, assets 85 49 222
Other undisclosed current assets269819131518
Total current assets:459485430335308362427
Noncurrent Assets
Oil and gas property, successful effort method4,8154,8264,8474,8334,8594,8855,000
Derivative instruments and hedges 13916101315
Other noncurrent assets48434957617368
Other undisclosed noncurrent assets15      
Total noncurrent assets:4,8784,8834,9044,9054,9304,9715,083
TOTAL ASSETS:5,3375,3675,3345,2415,2385,3335,510
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities230250270215187207242
Accounts payable12814417712191104137
Accrued liabilities91867873828277
Employee-related liabilities      12
Interest and dividends payable10211521152116
Debt1119919720119910
Derivative instruments and hedges, liabilities    98 26
Accrued environmental loss contingencies      11
Asset retirement obligation32343434343030
Other undisclosed current liabilities657768659498260321204
Total current liabilities:9201,0531,162944780758523
Noncurrent Liabilities
Long-term debt and lease obligation9481,2431,2431,2421,4101,5261,935
Long-term debt, excluding current maturities9421,2431,2431,2421,4101,5261,935
Finance lease, liability2      
Operating lease, liability4      
Liabilities, other than long-term debt469526464468433430408
Asset retirement obligations128118122125133133135
Deferred income tax liabilities26      
Other liabilities315274242290264251239
Derivative instruments and hedges, liabilities 13410152364635
Other undisclosed noncurrent liabilities89      
Total noncurrent liabilities:1,5061,7701,7071,7101,8431,9562,343
Total liabilities:2,4262,8232,8692,6542,6222,7142,866
Stockholders' equity
Stockholders' equity attributable to parent2,9102,5442,4652,5872,6162,6182,644
Common stock1111111
Treasury stock, value(3)(1)(1)(2)(1)(1)(1)
Additional paid in capital3,1623,2673,3333,3693,3883,3843,379
Accumulated deficit(250)(723)(868)(781)(772)(766)(735)
Total stockholders' equity:2,9102,5442,4652,5872,6162,6182,644
TOTAL LIABILITIES AND EQUITY:5,3375,3675,3345,2415,2385,3335,510

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
Revenues85548622928627924954
Cost of revenue(297)(287)(260)(240)(234)(223)(212)
Gross profit:557199(31)464526(158)
Operating expenses(34)(34)(36)(36)(34)(36)(38)
Other operating income (expense), net
(Other Expenses)
0(0)(2)(0)(4)(2)(2)
Other undisclosed operating income (loss)(0)020422
Operating income (loss):523166(67)1011(10)(196)
Interest and debt expense(23)(20)(20)(19)(22)(21)(22)
Income (loss) from continuing operations before income taxes:500146(87)(9)(11)(31)(218)
Income tax expense (benefit)(26)(0)0(0)4(0)(4)
Net income (loss) available to common stockholders, diluted:473145(87)(9)(7)(31)(222)

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):473145(87)(9)(7)(31)(222)
Comprehensive income (loss), net of tax, attributable to parent:473145(87)(9)(7)(31)(222)

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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