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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4453330078314
Cash and cash equivalents4453330078314
Receivables233247162185168160
Derivative instruments and hedges, assets4924315517564
Other undisclosed current assets1091013911
Total current assets:737613204253429549
Noncurrent Assets
Property, plant and equipment4,8834,5764,702 5,8315,555
Derivative instruments and hedges24023215840
Other noncurrent assets724548653433
Total noncurrent assets:4,9794,6214,773865,9245,628
Other undisclosed assets    5,954  
TOTAL ASSETS:5,7165,2344,9766,2926,3536,177
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:532563372402403387
Interest and dividends payable6053444145
Taxes payable2021251913
Employee-related liabilities4731423139
Accounts payable 4425635256 
Accrued liabilities 12671659714029
Other undisclosed accounts payable and accrued liabilities363340139143116260
Derivative instruments and hedges, liabilities563202005163173
Other liabilities1071219  
Total current liabilities:599889584472466559
Noncurrent Liabilities
Long-term debt and lease obligation1,5722,0812,2142,7562,5962,909
Long-term debt, excluding current maturities1,5722,0812,2142,7332,5962,909
Liabilities, other than long-term debt460200162149278200
Asset retirement obligations108978384  
Deferred tax liabilities, net22380
Deferred income tax liabilities28110  
Other liabilities706857614348
Operating lease, liability    23
Derivative instruments and hedges, liabilities1262231271
Other undisclosed noncurrent liabilities    16692114
Total noncurrent liabilities:2,0322,2822,3773,0712,9663,223
Total liabilities:2,6313,1712,9603,5433,4333,782
Equity
Equity, attributable to parent3,0852,0632,0162,7492,9202,395
Common stock111111
Additional paid in capital1,7801,8401,8281,7921,7661,742
Accumulated other comprehensive loss(4)(13)(14)(11)(12)(14)
Retained earnings1,3092352019681,166666
Total equity:3,0852,0632,0162,7492,9202,395
TOTAL LIABILITIES AND EQUITY:5,7165,2344,9766,2926,3536,177

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,3592,6231,1271,5902,0671,129
Revenue, net1,260
Cost of revenue(1,602)(2,228)(1,039)(1,442)(1,009)(1,109)
Cost of goods and services sold(621)(505)(391)(501)(487)(508)
Gross profit:1,756395871481,05821
Operating expenses(177)(186)(1,156)(218)(222)(189)
Other operating expense, net(3)(46)(25)(20)(18)(14)
Other undisclosed operating income34625201814
Operating income (loss):1,579209(1,069)(70)836(168)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
4(0)(4)(2)34
Interest and debt expense(188)(162)116(159)(188)(179)
Income (loss) from continuing operations before equity method investments, income taxes:1,39646(957)(231)652(344)
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:1,39646(957)(231)652(344)
Income tax expense (benefit)(284)(10)19244(143)183
Income (loss) from continuing operations:1,11236(765)(187)508(161)
Income (loss) before gain (loss) on sale of properties:36(765)(187)508(161)
Net income (loss) available to common stockholders, diluted:1,11236(765)(187)508(161)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1,11236(765)(187)508(161)
Other comprehensive income (loss)91(2)141
Comprehensive income (loss):1,12137(767)(186)513(160)
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income (loss), net of tax, attributable to parent:1,12137(767)(186)513(160)

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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