Pioneer Natural Resources Company (PXD) financial statements (2021 and earlier)

Company profile

Business Address 777 HIDDEN RIDGE
IRVING, TX 75038
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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q1
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4421,325180784631437643
Cash and cash equivalents1,4421,325180784631437643
Restricted cash and investments59666974747675
Receivables6996845875641,042859795
Inventory, net of allowances, customer advances and progress billings224191170188205246249
Inventory224191170188205246249
Derivative instruments and hedges, assets549723863213349
Other current assets43383231202120
Other undisclosed current assets123678542187151344
Total current assets:2,5952,4201,1952,0692,1911,9232,175
Noncurrent Assets
Operating lease, right-of-use asset197198216250280320 
Property, plant and equipment1,5841,6031,6221,6291,6321,0561,035
Oil and gas property, successful effort method14,43914,35114,44514,62514,44514,27114,002
Intangible assets, net (including goodwill)261261261261261261262
Goodwill261261261261261261262
Derivative instruments and hedges  343 1610
Deferred costs      88
Other noncurrent assets150144164174258231290
Other undisclosed noncurrent assets3     244
Total noncurrent assets:16,63416,55716,71116,98216,87616,15515,931
TOTAL ASSETS:19,22918,97717,90619,05119,06718,07818,106
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9678908179941,2771,2271,377
Accounts payable9288717879731,2211,2021,324
Taxes payable42433  
Interest and dividends payable35172618532553
Debt157140249627586589449
Derivative instruments and hedges, liabilities2345188312615
Asset retirement obligation4232    56
Due to related parties10213765100190215248
Other liabilities363371365356431423295
Other undisclosed current liabilities4167    85
Total current liabilities:1,9061,6881,5842,0802,4962,4602,525
Noncurrent Liabilities
Long-term debt and lease obligation3,2703,2612,1782,2862,5652,0211,837
Long-term debt, excluding current maturities3,1603,1482,0542,1401,8391,8381,837
Finance lease, liability    556  
Operating lease, liability110113124146170183 
Liabilities, other than long-term debt2,4842,3742,3772,4711,2071,741465
Asset retirement obligations    118  
Deferred income tax liabilities1,3661,4061,4031,465 1,279 
Disposal group, including discontinued operation, liabilities    35  
Other liabilities1,0529549741,0061,046462465
Derivative instruments and hedges, liabilities6614  8  
Other undisclosed noncurrent liabilities  273680 1,403
Total noncurrent liabilities:5,7545,6354,5824,7604,4523,7623,705
Total liabilities:7,6607,3236,1666,8406,9486,2226,230
Stockholders' equity
Stockholders' equity attributable to parent11,56911,65411,74012,21112,11911,85611,876
Common stock2222222
Treasury stock, value(1,234)(1,235)(1,240)(1,190)(1,069)(1,043)(847)
Additional paid in capital9,3239,3059,2859,1769,1619,1429,124
Retained earnings3,4783,5823,6934,2234,0253,7553,597
Total stockholders' equity:11,56911,65411,74012,21112,11911,85611,876
TOTAL LIABILITIES AND EQUITY:19,22918,97717,90619,05119,06718,07818,106

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q1
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1,7551,8158592,2572,6432,3251,923
Cost of revenue(1,762)(1,749)(1,325)(1,825)(2,114)(1,948)(2,057)
Gross profit:(7)66(466)432529377(134)
Operating expenses(66)(82)(72)(67)(81)(74)(82)
Operating income (loss):(73)(16)(538)365448303(216)
Nonoperating expense
(Other Nonoperating expense)
(48)(98)(90)(85)(58)(32)(211)
Interest and debt expense(35)(34)(33)(27)(33)(29)(29)
Other undisclosed income from continuing operations before equity method investments, income taxes831321231129161240
Income (loss) from continuing operations before income taxes:(73)(16)(538)365448303(216)
Income tax expense (benefit)43(4)9976(104)(72)47
Income (loss) before gain (loss) on sale of properties:(30)(20)(439)441344231(169)
Other undisclosed net loss   (152)   
Net income (loss) available to common stockholders, diluted:(30)(20)(439)289344231(169)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q1
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(30)(20)(439)289344231(169)
Comprehensive income (loss), net of tax, attributable to parent:(30)(20)(439)289344231(169)

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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