SM Energy Company (SM) Financial Statements (2024 and earlier)

Company Profile

Business Address 1700 LINCOLN STREET
DENVER, CO 80203
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 investments6164453330078
Cash and cash equivalents6164453330078
Receivables231233247162185168
Derivative instruments and hedges, assets5649243155175
Other undisclosed current assets1310910139
Total current assets:916737613204253429
Noncurrent Assets
Property, plant and equipment5,3764,8834,5764,702 5,831
Derivative instruments and hedges9240232158
Other noncurrent assets787245486534
Total noncurrent assets:5,4644,9794,6214,773865,924
Other undisclosed assets     5,954 
TOTAL ASSETS:6,3805,7165,2344,9766,2926,353
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:612532563372402403
Interest and dividends payable60534441
Taxes payable20212519
Employee-related liabilities47314231
Accounts payable 1074425635256
Accrued liabilities 145126716597140
Other undisclosed accounts payable and accrued liabilities360363340139143116
Derivative instruments and hedges, liabilities7563202005163
Other liabilities151071219 
Total current liabilities:634599889584472466
Noncurrent Liabilities
Long-term debt and lease obligation1,5751,5722,0812,2142,7562,596
Long-term debt, excluding current maturities1,5751,5722,0812,2142,7332,596
Liabilities, other than long-term debt555460200162149278
Asset retirement obligations119108978384 
Deferred tax liabilities, net223
Deferred income tax liabilities37028110  
Other liabilities657068576143
Operating lease, liability     23
Derivative instruments and hedges, liabilities112622312
Other undisclosed noncurrent liabilities     16692
Total noncurrent liabilities:2,1302,0322,2822,3773,0712,966
Total liabilities:2,7642,6313,1712,9603,5433,433
Equity
Equity, attributable to parent3,6163,0852,0632,0162,7492,920
Common stock111111
Additional paid in capital1,5651,7801,8401,8281,7921,766
Accumulated other comprehensive loss(3)(4)(13)(14)(11)(12)
Retained earnings2,0521,3092352019681,166
Total equity:3,6163,0852,0632,0162,7492,920
TOTAL LIABILITIES AND EQUITY:6,3805,7165,2344,9766,2926,353

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
Revenues2,3743,3592,6231,1271,5902,067
Cost of revenue(1,206)(1,602)(2,228)(1,039)(1,442)(1,009)
Cost of goods and services sold(564)(621)(505)(391)(501)(487)
Gross profit:1,1671,756395871481,058
Operating expenses(181)(177)(186)(1,156)(218)(222)
Other operating expense, net(21)(3)(46)(25)(20)(18)
Other undisclosed operating income21346252018
Operating income (loss):9871,579209(1,069)(70)836
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1)4(0)(4)(2)3
Interest and debt expense(92)(188)(162)116(159)(188)
Income (loss) from continuing operations before equity method investments, income taxes:8941,39646(957)(231)652
Other undisclosed income from continuing operations before income taxes20     
Income (loss) from continuing operations before income taxes:9141,39646(957)(231)652
Income tax expense (benefit)(96)(284)(10)19244(143)
Income (loss) from continuing operations:8181,11236(765)(187)508
Income (loss) before gain (loss) on sale of properties:36(765)(187)508
Net income (loss) available to common stockholders, diluted:8181,11236(765)(187)508

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):8181,11236(765)(187)508
Other comprehensive income (loss)191(2)14
Comprehensive income (loss), net of tax, attributable to parent:8191,12137(767)(186)513

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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