Parsley Energy, Inc. (PE) financial statements (2022 and earlier)

Company profile

Business Address 303 COLORADO STREET
AUSTIN, TX 78701
State of Incorp. TX
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)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments52452156410
Cash and cash equivalents52452156410
Receivables172155178241220190215
Derivative instruments and hedges, assets8115652912821713482
Other current assets112057910710
Total current assets:270334809398452396318
Noncurrent Assets
Operating lease, right-of-use asset8687124    
Property, plant and equipment7,4797,5217,5749,3249,3169,2179,042
Derivative instruments and hedges3795 554027
Other noncurrent assets78456710
Other undisclosed noncurrent assets   129167179158
Total noncurrent assets:7,5757,6237,7989,4589,5449,4429,237
TOTAL ASSETS:7,8457,9568,6079,8569,9969,8389,554
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:280262526416410423402
Other undisclosed accounts payable and accrued liabilities280262526416410423402
Debt403655    
Derivative instruments and hedges, liabilities108143193159178150139
Asset retirement obligation   5   
Other liabilities444 345
Other undisclosed current liabilities177168180216219212195
Total current liabilities:608613958796810789741
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,9963,1232,9992,1832,1972,2212,181
Long-term debt, excluding current maturities2,9963,1232,9992,1832,1972,2212,181
Finance lease, liability212    
Operating lease, liability505772    
Other undisclosed long-term debt and lease obligation(52)(58)(73)    
Liabilities, other than long-term debt61455621474224176
Asset retirement obligations28272721282725
Deferred tax liabilities, net193156121
Deferred income tax liabilities9511    
Other liabilities00000  
Derivative instruments and hedges, liabilities251317 474029
Other undisclosed noncurrent liabilities525873141352176166
Total noncurrent liabilities:3,1093,2263,1282,5382,6232,6212,522
Total liabilities:3,7183,8394,0863,3343,4333,4103,264
Stockholders' equity
Stockholders' equity attributable to parent, including:3,8163,7984,1735,7575,7975,6815,550
Treasury stock, value(11)(11)(11)(17)(17)(17)(17)
Additional paid in capital6,9716,9766,9955,2015,1955,1905,175
Retained earnings (accumulated deficit)(3,148)(3,171)(2,815)571616505389
Other undisclosed stockholders' equity attributable to parent4443333
Stockholders' equity attributable to noncontrolling interest312319348765766747741
Total stockholders' equity:4,1274,1174,5216,5236,5636,4286,291
TOTAL LIABILITIES AND EQUITY:7,8457,9568,6079,8569,9969,8389,554

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Revenues447220565522510499428
Other undisclosed gross profit   (41)   
Gross profit:447220565481510499428
Operating expenses(291)(296)(5,421)(436)(357)(318)(311)
Other undisclosed operating income   41   
Operating income (loss):156(76)(4,856)87153181117
Nonoperating income (expense)(128)(320)549(121)22(13)(152)
Investment income, nonoperating(87)(280)546 5720(120)
Interest and debt expense00(21)    
Income (loss) from continuing operations before equity method investments, income taxes:28(395)(4,328)(35)175168(36)
Other undisclosed income (loss) from continuing operations before income taxes(0)(0)21    
Income (loss) from continuing operations before income taxes:28(396)(4,307)(35)175168(36)
Income tax expense (benefit)(3)6571(2)(35)(33)8
Net income (loss):25(390)(3,736)(36)140135(28)
Net income (loss) attributable to noncontrolling interest(2)33370(0)(20)(19)4
Net income (loss) available to common stockholders, diluted:23(356)(3,366)(36)120116(24)

Comprehensive Income ($ in millions)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Net income (loss):25(390)(3,736)(36)140135(28)
Comprehensive income (loss):25(390)(3,736)(36)140135(28)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)33370(0)(20)(19)4
Comprehensive income (loss), net of tax, attributable to parent:23(356)(3,366)(36)120116(24)

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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