Pioneer Natural Resources Company (PXD) Financial Statements (2024 and earlier)

Company Profile

Business Address 777 HIDDEN RIDGE
IRVING, TX 75038
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
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2401,0323,9051,4426311,268
Cash and cash equivalents2401,0323,8471,442631825
Short-term investments   58  443
Restricted cash and investments   375974 
Receivables1,5901,8531,6856991,042821
Inventory, net of allowances, customer advances and progress billings476424369224205242
Inventory476424369224205242
Derivative instruments and hedges, assets    53252
Other current assets  8142432025
Other undisclosed current assets299336135123187172
Total current assets:2,6053,7266,1732,5952,1912,580
Noncurrent Assets
Operating lease, right-of-use asset398340348197280
Property, plant and equipment1,6561,6581,6941,5841,6321,291
Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment31,53329,63028,18214,43914,44513,548
Long-term investments and receivables      125
Long-term investments      125
Intangible assets, net (including goodwill)242243243261261264
Goodwill242243243261261264
Other noncurrent assets17914317115025895
Other undisclosed noncurrent assets    3  
Total noncurrent assets:34,00832,01430,63816,63416,87615,323
TOTAL ASSETS:36,61335,74036,81119,22919,06717,903
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5372,5832,4789671,2771,496
Interest and dividends payable53355353
Taxes payable45432
Accounts payable2,4492,4872,3809281,2211,441
Accrued liabilities8896    
Debt49799262157586 
Derivative instruments and hedges, liabilities53445382341227
Asset retirement obligation90825542  
Other liabilities181206513363431112
Due to related parties150179102190183
Other undisclosed current liabilities64234841  
Total current liabilities:2,9743,8874,0731,9062,4961,818
Noncurrent Liabilities
Long-term debt and lease obligation4,8074,1256,9313,2702,5652,284
Long-term debt, excluding current maturities4,8074,1256,6883,1601,8392,284
Finance lease, liability     556
Liabilities, other than long-term debt5,6615,1872,9702,4841,2071,690
Asset retirement obligations     118 
Deferred tax liabilities, net1,152
Deferred income tax liabilities4,4023,8672,0381,366 
Disposal group, including discontinued operation, liabilities     35 
Other liabilities9359889071,0521,046538
Operating lease, liability248236243110170
Derivative instruments and hedges, liabilities769625668 
Other undisclosed noncurrent liabilities     680 
Total noncurrent liabilities:10,4689,3129,9015,7544,4523,974
Total liabilities:13,44213,19913,9747,6606,9485,792
Equity
Equity, attributable to parent23,17122,54122,83711,56912,11912,111
Common stock222222
Treasury stock, value(2,617)(1,925)(248)(1,234)(1,069)(423)
Additional paid in capital18,50618,77919,1239,3239,1619,062
Retained earnings7,2805,6853,9603,4784,0253,470
Total equity:23,17122,54122,83711,56912,11912,111
TOTAL LIABILITIES AND EQUITY:36,61335,74036,81119,22919,06717,903

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
12/31/2018
Revenues19,36224,29414,6436,6859,3049,415
Cost of revenue(12,558)(13,953)(11,598)(6,693)(7,983)(7,578)
Gross profit:6,80410,3413,045(8)1,3211,837
Operating expenses(557)(390)(299)(253)(334)(586)
Operating income (loss):6,2479,9512,746(261)9871,251
Nonoperating expense
(Other Nonoperating expense)
(131)(173)(410)(321)(448)(849)
Interest and debt expense(153)(128)(161)(129)(121)(126)
Other undisclosed income from continuing operations before equity method investments, income taxes    450569975
Income (loss) from continuing operations before equity method investments, income taxes:5,9639,6502,175(261)9871,251
Other undisclosed income from continuing operations before income taxes284301571   
Income (loss) from continuing operations before income taxes:6,2479,9512,746(261)9871,251
Income tax expense (benefit)(1,353)(2,106)(628)61(231)(276)
Income (loss) from continuing operations:4,8947,8452,118(200)756975
Income (loss) before gain (loss) on sale of properties:2,118(200)756975
Net income (loss):4,8947,8452,118(200)756975
Net income attributable to noncontrolling interest      3
Net income (loss) attributable to parent:4,8947,8452,118(200)756978
Other undisclosed net loss available to common stockholders, basic(9)(15)(5)   
Net income (loss) available to common stockholders, basic:4,8857,8302,113(200)756978
Dilutive securities, effect on basic earnings per share366   
Net income (loss) available to common stockholders, diluted:4,8887,8362,119(200)756978

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):4,8947,8452,118(200)756975
Comprehensive income (loss):4,8947,8452,118(200)756975
Comprehensive income, net of tax, attributable to noncontrolling interest      3
Comprehensive income (loss), net of tax, attributable to parent:4,8947,8452,118(200)756978

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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