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)Annual | Quarterly
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 investments | 25 | 3 | 50 | 11 | 50 | 21 | |||
Cash and cash equivalents | 25 | 3 | 50 | 11 | 50 | 21 | |||
Receivables | 598 | 667 | 1,401 | 1,763 | 1,781 | 1,071 | |||
Derivative instruments and hedges, assets | 423 | 463 | 145 | 176 | 122 | 103 | |||
Other current assets | 68 | ||||||||
Other undisclosed current assets | 74 | 66 | 52 | 51 | 43 | ||||
Total current assets: | 1,120 | 1,199 | 1,664 | 2,002 | 2,004 | 1,238 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 11,405 | 11,258 | 10,903 | 10,740 | 10,514 | 10,215 | |||
Regulated entity, other noncurrent assets | 37 | 39 | 44 | 51 | 53 | 55 | |||
Other noncurrent assets | 476 | 480 | 359 | 362 | 414 | 394 | |||
Other undisclosed noncurrent assets | (37) | (39) | (44) | (51) | (53) | (55) | |||
Total noncurrent assets: | 11,881 | 11,738 | 11,262 | 11,102 | 10,928 | 10,609 | |||
TOTAL ASSETS: | 13,001 | 12,937 | 12,926 | 13,104 | 12,932 | 11,847 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 1,574 | 1,685 | 2,057 | 2,224 | 2,177 | 1,617 | |||
Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 43 | 91 | 49 | ||
Taxes payable | ✕ | ✕ | ✕ | ✕ | 121 | 97 | 80 | ||
Accounts payable | 1,381 | 1,549 | 1,835 | 1,896 | 1,801 | 1,488 | |||
Accrued liabilities | 193 | 136 | 222 | 164 | 188 | ||||
Debt | 5 | 5 | 5 | ||||||
Derivative instruments and hedges, liabilities | 270 | 409 | 1,317 | 3,270 | 3,124 | 3,940 | |||
Asset retirement obligation | 6 | ||||||||
Other liabilities | 65 | ||||||||
Other undisclosed current liabilities | 66 | 72 | 36 | (48) | (12) | 108 | |||
Total current liabilities: | 1,910 | 2,166 | 3,481 | 5,451 | 5,294 | 5,670 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 4,036 | 3,935 | 4,392 | 4,993 | 5,224 | 5,034 | |||
Long-term debt, excluding current maturities | 4,036 | 3,935 | 4,392 | 4,855 | 5,081 | 4,895 | |||
Liabilities, other than long-term debt | 566 | 582 | 729 | 1,246 | 1,371 | 1,262 | |||
Liability, pension and other postretirement and postemployment benefits | 9 | 27 | 26 | 25 | |||||
Other liabilities | 240 | 246 | 209 | 210 | 206 | 214 | |||
Operating lease, liability | 121 | 128 | 133 | 138 | 143 | 139 | |||
Derivative instruments and hedges, liabilities | 205 | 208 | 378 | 1,009 | 1,139 | 1,023 | |||
Total noncurrent liabilities: | 4,602 | 4,517 | 5,121 | 6,239 | 6,595 | 6,296 | |||
Total liabilities: | 6,512 | 6,683 | 8,602 | 11,690 | 11,889 | 11,966 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 6,489 | 6,254 | 4,324 | 1,414 | 1,043 | (119) | |||
Common stock | 12 | 12 | 12 | 12 | 12 | ||||
Treasury stock, value | (327) | (327) | (327) | (302) | (222) | (202) | |||
Additional paid in capital | 7,182 | 7,178 | 7,172 | 7,169 | 7,168 | 7,159 | |||
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 parent | 12 | ||||||||
Total equity: | 6,489 | 6,254 | 4,324 | 1,414 | 1,043 | (119) | |||
TOTAL LIABILITIES AND EQUITY: | 13,001 | 12,937 | 12,926 | 13,104 | 12,932 | 11,847 |
Income Statement (P&L) ($ in millions)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 1,269 | 2,118 | 3,380 | 4,541 | 4,138 | 2,943 | ||
Cost of revenue | (867) | (1,046) | (1,410) | (1,663) | (1,568) | (1,193) | ||
Gross profit: | 402 | 1,072 | 1,970 | 2,878 | 2,570 | 1,750 | ||
Operating expenses | (459) | (466) | (460) | (464) | (439) | (451) | ||
Operating income (loss): | (57) | 606 | 1,510 | 2,414 | 2,131 | 1,299 | ||
Nonoperating income (expense) | 317 | 1,400 | 1,454 | (1,903) | (880) | (3,927) | ||
Investment income, nonoperating | 317 | 1,401 | 1,450 | (1,903) | (879) | (3,927) | ||
Interest and debt expense | (34) | (55) | (53) | (50) | (52) | (43) | ||
Income (loss) from continuing operations before income taxes: | 226 | 1,951 | 2,911 | 461 | 1,199 | (2,671) | ||
Income tax expense (benefit) | 5 | (12) | (10) | (11) | (26) | (4) | ||
Income (loss) from continuing operations: | 231 | 1,939 | 2,901 | 450 | 1,173 | (2,675) | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 450 | 1,173 | (2,675) | |
Net income (loss) available to common stockholders, diluted: | 231 | 1,939 | 2,901 | 450 | 1,173 | (2,675) |
Comprehensive Income ($ in millions)Annual | Quarterly
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): | 231 | 1,939 | 2,901 | 450 | 1,173 | (2,675) | ||
Other comprehensive loss | (1) | |||||||
Other undisclosed comprehensive income | 1 | |||||||
Comprehensive income (loss): | 231 | 1,939 | 2,902 | 450 | 1,173 | (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: | 231 | 1,924 | 2,932 | 450 | 1,173 | (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.