SM Energy Company (SM) financial statements (2021 and earlier)

Company profile

Business Address 1775 SHERMAN STREET
DENVER, CO 80203
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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments000078177616
Cash and cash equivalents000078177616
Receivables185146166145168179179
Derivative instruments and hedges, assets551431146817581146
Other undisclosed current assets13229891614
Total current assets:253311289221429453955
Noncurrent Assets
Property, plant and equipment    5,831  
Derivative instruments and hedges2139302758931
Other noncurrent assets65748884343632
Total noncurrent assets:861131181115,9244463
Other undisclosed assets5,9546,0295,9855,954 5,7765,718
TOTAL ASSETS:6,2926,4536,3926,2876,3536,2746,736
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:402431408427403430446
Accounts payable52   56  
Accrued liabilities97   140  
Employee-related liabilities42   31  
Taxes payable25   19  
Interest and dividends payable44   41  
Other undisclosed accounts payable and accrued liabilities143431408427116430446
Debt      342
Derivative instruments and hedges, liabilities5138709563304259
Other liabilities19222624   
Total current liabilities:4724915045454667341,048
Noncurrent Liabilities
Long-term debt and lease obligation2,7562,7612,7212,6462,5962,5932,573
Long-term debt, excluding current maturities2,7332,7362,7212,6462,5962,5932,573
Operating lease, liability2325  
Liabilities, other than long-term debt149165365352278259291
Asset retirement obligations84969594   
Deferred tax liabilities, net190176223141178
Other liabilities61636768434646
Derivative instruments and hedges, liabilities361213127368
Other undisclosed noncurrent liabilities166192  928887
Total noncurrent liabilities:3,0713,1183,0862,9982,9662,9402,952
Total liabilities:3,5433,6093,5903,5433,4333,6744,000
Stockholders' equity
Stockholders' equity attributable to parent2,7492,8442,8022,7432,9202,5992,737
Common stock1111111
Additional paid in capital1,7921,7851,7801,7721,7661,7581,754
Accumulated other comprehensive loss(11)(12)(12)(12)(12)(16)(16)
Retained earnings9681,0701,0339831,166856998
Total stockholders' equity:2,7492,8442,8022,7432,9202,5992,737
TOTAL LIABILITIES AND EQUITY:6,2926,4536,3926,2876,3536,2746,736

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues452390407341394459444
Revenue, net404
Cost of revenue(451)(247)(261)(483)104(516)(333)
Cost of goods and services sold(127)(129)(123)(121)(121)(128)(117)
Gross profit:0144146(142)498(57)111
Operating expenses(89)(44)(42)(43)(68)(52)(55)
Other operating income (expense), net(19)(1)1(0)(4)(10)0
Other undisclosed operating income (loss)191(1)0410(0)
Operating income (loss):(88)99104(185)430(109)56
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1)(1)(1)(0)012
Interest and debt expense(41)(41)(40)(38)(38)(65)(42)
Income (loss) from continuing operations before income taxes:(130)5864(224)392(173)16
Income tax expense (benefit)28(16)(14)46(82)371
Net income (loss) available to common stockholders, diluted:(102)4250(178)310(136)17

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(102)4250(178)310(136)17
Other comprehensive income0000400
Comprehensive income (loss), net of tax, attributable to parent:(102)4251(177)313(136)17

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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