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 thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments616,164401,980378,238477,869444,998498,435
Cash and cash equivalents616,164401,980378,238477,869444,998498,435
Receivables231,165264,511217,794187,810233,297258,003
Derivative instruments and hedges, assets56,44225,52474,13881,06248,67742,207
Other undisclosed current assets12,66810,5378,8159,53510,2319,133
Total current assets:916,439702,552678,985756,276737,203807,778
Noncurrent Assets
Property, plant and equipment5,376,4205,292,2945,231,2275,029,5524,882,7794,746,855
Derivative instruments and hedges8,6725,29412,07715,37324,46536,048
Other noncurrent assets78,45478,43070,33768,95771,59260,832
Total noncurrent assets:5,463,5465,376,0185,313,6415,113,8824,978,8364,843,735
TOTAL ASSETS:6,379,9856,078,5705,992,6265,870,1585,716,0395,651,513
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:611,598540,459530,459522,279532,289631,984
Accounts payable 107,315   43,898 
Accrued liabilities 144,707   125,570 
Other undisclosed accounts payable and accrued liabilities359,576540,459530,459522,279362,821631,984
Derivative instruments and hedges, liabilities6,78943,15222,21030,72356,181174,717
Other liabilities15,42515,47311,31910,14410,1147,316
Total current liabilities:633,812599,084563,988563,146598,584814,017
Noncurrent Liabilities
Long-term debt and lease obligation1,575,3341,574,5531,573,7721,572,9911,572,2101,571,429
Long-term debt, excluding current maturities1,575,3341,574,5531,573,7721,572,9911,572,2101,571,429
Liabilities, other than long-term debt554,989500,640556,399504,226459,787398,405
Asset retirement obligations118,774115,271113,999110,163108,23397,724
Deferred income tax liabilities369,903324,440375,063330,782280,811212,470
Other liabilities65,03956,33461,44359,64269,60173,705
Derivative instruments and hedges, liabilities1,2734,5955,8943,6391,14214,506
Total noncurrent liabilities:2,130,3232,075,1932,130,1712,077,2172,031,9971,969,834
Total liabilities:2,764,1352,674,2772,694,1592,640,3632,630,5812,783,851
Equity
Equity, attributable to parent3,615,8503,404,2933,298,4673,229,7953,085,4582,867,662
Common stock1,1571,1631,1811,2051,2191,228
Additional paid in capital1,565,0211,581,1101,680,0801,743,5671,779,7031,810,352
Accumulated other comprehensive loss(2,607)(3,982)(3,996)(4,009)(4,022)(12,303)
Retained earnings2,052,2791,826,0021,621,2021,489,0321,308,5581,068,385
Total equity:3,615,8503,404,2933,298,4673,229,7953,085,4582,867,662
TOTAL LIABILITIES AND EQUITY:6,379,9856,078,5705,992,6265,870,1585,716,0395,651,513

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues608,726640,901550,754573,505671,318835,451
Cost of revenue(246,329)(405,804)(298,943)(255,361)(283,989)(169,462)
Cost of goods and services sold(137,343)(138,264)(145,588)(142,348)(150,667)(159,961)
Gross profit:362,397235,097251,811318,144387,329665,989
Operating expenses(52,486)(39,500)(42,460)(46,097)(44,671)(43,708)
Other operating expense, net(385)(2,832)(7,197)(10,153)(879)(1,213)
Other undisclosed operating income3852,8327,19710,1538791,213
Operating income:309,911195,597209,351272,047342,658622,281
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(232)(233)4,7634,4703,3101,163
Interest and debt expense(23,917)(23,106)(22,148)(22,459)(22,638)(22,825)
Income from continuing operations before equity method investments, income taxes:285,762172,258191,966254,058323,330600,619
Other undisclosed income from continuing operations before income taxes6,0524,106    
Income from continuing operations before income taxes:291,814176,364191,966254,058323,330600,619
Income tax expense (benefit)(44,703)45,979(42,092)(55,506)(64,867)(119,379)
Income from continuing operations:247,111222,343149,874198,552258,463481,240
Income before gain (loss) on sale of properties:481,240
Net income available to common stockholders, diluted:247,111222,343149,874198,552258,463481,240

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:247,111222,343149,874198,552258,463481,240
Other comprehensive income1,3751413138,281182
Comprehensive income, net of tax, attributable to parent:248,486222,357149,887198,565266,744481,422

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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