Southwestern Energy Company (SWN) Financial Statements (2024 and earlier)

Company Profile

Business Address 10000 ENERGY DRIVE
SPRING, TX 77389
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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25350115021
Cash and cash equivalents25350115021
Receivables5986671,4011,7631,7811,071
Derivative instruments and hedges, assets423463145176122103
Other current assets   68   
Other undisclosed current assets7466 525143
Total current assets:1,1201,1991,6642,0022,0041,238
Noncurrent Assets
Property, plant and equipment11,40511,25810,90310,74010,51410,215
Regulated entity, other noncurrent assets373944515355
Other noncurrent assets476480359362414394
Other undisclosed noncurrent assets(37)(39)(44)(51)(53)(55)
Total noncurrent assets:11,88111,73811,26211,10210,92810,609
TOTAL ASSETS:13,00112,93712,92613,10412,93211,847
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5741,6852,0572,2242,1771,617
Interest and dividends payable439149
Taxes payable1219780
Accounts payable1,3811,5491,8351,8961,8011,488
Accrued liabilities193136222164188 
Debt    555
Derivative instruments and hedges, liabilities2704091,3173,2703,1243,940
Asset retirement obligation   6   
Other liabilities   65   
Other undisclosed current liabilities667236(48)(12)108
Total current liabilities:1,9102,1663,4815,4515,2945,670
Noncurrent Liabilities
Long-term debt and lease obligation4,0363,9354,3924,9935,2245,034
Long-term debt, excluding current maturities4,0363,9354,3924,8555,0814,895
Liabilities, other than long-term debt5665827291,2461,3711,262
Liability, pension and other postretirement and postemployment benefits   9272625
Other liabilities240246209210206214
Operating lease, liability121128133138143139
Derivative instruments and hedges, liabilities2052083781,0091,1391,023
Total noncurrent liabilities:4,6024,5175,1216,2396,5956,296
Total liabilities:6,5126,6838,60211,69011,88911,966
Equity
Equity, attributable to parent, including:6,4896,2544,3241,4141,043(119)
Common stock  1212121212
Treasury stock, value(327)(327)(327)(302)(222)(202)
Additional paid in capital7,1827,1787,1727,1697,1687,159
Accumulated other comprehensive income (loss)(9)(9)6(25)(25)(25)
Accumulated deficit(369)(600)(2,539)(5,440)(5,890)(7,063)
Other undisclosed equity, attributable to parent12     
Total equity:6,4896,2544,3241,4141,043(119)
TOTAL LIABILITIES AND EQUITY:13,00112,93712,92613,10412,93211,847

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,2692,1183,3804,5414,1382,943
Cost of revenue(867)(1,046)(1,410)(1,663)(1,568)(1,193)
Gross profit:4021,0721,9702,8782,5701,750
Operating expenses(459)(466)(460)(464)(439)(451)
Operating income (loss):(57)6061,5102,4142,1311,299
Nonoperating income (expense)3171,4001,454(1,903)(880)(3,927)
Investment income, nonoperating3171,4011,450(1,903)(879)(3,927)
Interest and debt expense(34)(55)(53)(50)(52)(43)
Income (loss) from continuing operations before income taxes:2261,9512,9114611,199(2,671)
Income tax expense (benefit)5(12)(10)(11)(26)(4)
Income (loss) from continuing operations:2311,9392,9014501,173(2,675)
Income (loss) before gain (loss) on sale of properties:4501,173(2,675)
Net income (loss) available to common stockholders, diluted:2311,9392,9014501,173(2,675)

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):2311,9392,9014501,173(2,675)
Other comprehensive loss      (1)
Other undisclosed comprehensive income   1   
Comprehensive income (loss):2311,9392,9024501,173(2,676)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (15)30  1
Comprehensive income (loss), net of tax, attributable to parent:2311,9242,9324501,173(2,675)

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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