PLAINS EXPLORATION & PRODUCTION CO (PXP) financial statements (2021 and earlier)

Company profile

Business Address 700 MILAM STREET
HOUSTON, TX 77002
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)

3/31/2013
Q1
12/31/2012
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments54 
Cash and cash equivalents54 
Receivables563 
Inventory, net of allowances, customer advances and progress billings34
Inventory34 
Derivative instruments and hedges, assets3 
Prepaid expense and other current assets45 
Other undisclosed current assets1,061 
Total current assets:1,760 
Noncurrent Assets
Property, plant and equipment14,709 
Intangible assets, net (including goodwill)535
Goodwill535 
Prepaid expense and other noncurrent assets186 
Total noncurrent assets:15,430 
TOTAL ASSETS:17,190 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities421 
Accounts payable421 
Debt164 
Derivative instruments and hedges, liabilities63 
Asset retirement obligation18 
Other liabilities113 
Other undisclosed current liabilities290 
Total current liabilities:1,069 
Noncurrent Liabilities
Long-term debt and lease obligation9,559 
Long-term debt, excluding current maturities9,559 
Liabilities, other than long-term debt2,579 
Asset retirement obligations579 
Deferred tax liabilities, net1,864 
Other liabilities18 
Derivative instruments and hedges, liabilities118 
Total noncurrent liabilities:12,138 
Total liabilities:13,208 
Stockholders' equity
Stockholders' equity attributable to parent3,540 
Common stock1 
Treasury stock, value(534) 
Additional paid in capital3,414 
Retained earnings659 
Stockholders' equity attributable to noncontrolling interest442 
Total stockholders' equity:3,983 
TOTAL LIABILITIES AND EQUITY:17,190 

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

3/31/2013
Q1
12/31/2012
Q4
Revenues1,232 
Cost of revenue(779) 
Cost of goods and services sold(219) 
Gross profit:453 
Operating expenses(56) 
Other operating expense, net(1) 
Other undisclosed operating income1 
Operating income:397 
Nonoperating expense(202) 
Investment income, nonoperating(202) 
Interest and debt expense(159) 
Income from continuing operations before equity method investments, income taxes:37 
Other undisclosed income from continuing operations before income taxes16 
Income from continuing operations before income taxes:52 
Income tax expense(20) 
Net income attributable to parent:32 
Preferred stock dividends and other adjustments(9) 
Net income available to common stockholders, diluted:23 

Comprehensive Income ($ in millions)

3/31/2013
Q1
12/31/2012
Q4
Net income:32 
Comprehensive income, net of tax, attributable to parent:32 

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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