Unit Corporation (UNTCW) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
8200 SOUTH UNIT DRIVE TULSA, OK 74132 |
| 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)
| 3/31/2023 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 investments | 213,975 | 64,140 | 12,145 | 571 | 6,452 | 701 | |||
| Cash and cash equivalents | 213,975 | 64,140 | 12,145 | 571 | 6,452 | 701 | |||
| Receivables | 57,776 | 87,248 | 58,996 | 84,412 | 121,451 | 111,512 | |||
| Derivative instruments and hedges, assets | 633 | 12,870 | 721 | ||||||
| Other undisclosed current assets | 3,718 | 5,542 | 11,781 | 19,435 | 34,340 | 6,738 | |||
| Total current assets: | 275,469 | 156,930 | 82,922 | 105,051 | 175,113 | 119,672 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 6,551 | 12,445 | 5,592 | ✕ | ✕ | ||||
| Property, plant and equipment | 175,293 | 450,543 | 546,800 | 1,952,686 | 2,432,316 | 2,382,742 | |||
| Long-term investments and receivables | 1,658 | ||||||||
| Long-term investments | 1,658 | ||||||||
| Intangible assets, net (including goodwill) | 62,808 | 62,808 | |||||||
| Goodwill | 62,808 | 62,808 | |||||||
| Deferred income tax assets | ✕ | ✕ | |||||||
| Other noncurrent assets | 10,284 | 9,559 | 14,389 | 26,642 | 27,816 | 16,230 | |||
| Other undisclosed noncurrent assets | 5,673 | ||||||||
| Total noncurrent assets: | 193,786 | 472,547 | 566,781 | 1,985,001 | 2,522,940 | 2,461,780 | |||
| TOTAL ASSETS: | 469,255 | 629,477 | 649,703 | 2,090,052 | 2,698,053 | 2,581,452 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 39,072 | 82,296 | 62,572 | 131,043 | 199,609 | 161,171 | |||
| Employee-related liabilities | ✕ | ✕ | 1,221 | ||||||
| Accounts payable | 20,356 | 58,625 | 40,829 | 84,481 | 149,945 | 112,648 | |||
| Accrued liabilities | 18,716 | 22,450 | 21,743 | 46,562 | 49,664 | 48,523 | |||
| Debt | 4,675 | 108,200 | |||||||
| Derivative instruments and hedges, liabilities | 23,566 | 40,876 | 1,047 | 7,763 | |||||
| Asset retirement obligation | 2,537 | ||||||||
| Other liabilities | 3,989 | 5,574 | 11,168 | 17,376 | 14,250 | 13,002 | |||
| Other undisclosed current liabilities | 1,605 | 19,855 | 885 | 3,430 | |||||
| Total current liabilities: | 68,232 | 151,138 | 80,347 | 260,049 | 213,859 | 181,936 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 27,877 | 99,845 | 663,216 | 644,475 | 820,276 | ||||
| Long-term debt, excluding current maturities | 19,200 | 98,400 | 663,216 | 644,475 | 820,276 | ||||
| Liabilities, other than long-term debt | 38,397 | 50,794 | 43,918 | 109,081 | 246,275 | 233,680 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 13,713 | 144,748 | 133,477 | ||
| Other liabilities | 33,362 | 32,939 | 39,259 | 95,341 | 101,234 | 100,203 | |||
| Operating lease, liability | 5,035 | 8,677 | 1,445 | ✕ | ✕ | ||||
| Derivative instruments and hedges, liabilities | 17,855 | 4,659 | 27 | 293 | |||||
| Other undisclosed noncurrent liabilities | 2,071 | ||||||||
| Total noncurrent liabilities: | 38,397 | 78,671 | 143,763 | 774,368 | 890,750 | 1,053,956 | |||
| Total liabilities: | 106,629 | 229,809 | 224,110 | 1,034,417 | 1,104,609 | 1,235,892 | |||
| Equity | |||||||||
| Equity, attributable to parent | 362,626 | 187,397 | 179,222 | 853,878 | 1,390,881 | 1,345,560 | |||
| Common stock | 121 | 120 | 120 | 10,591 | 10,414 | 10,280 | |||
| Treasury stock, value | (79,399) | (51,965) | |||||||
| Additional paid in capital | 252,464 | 198,171 | 197,242 | 644,152 | 628,108 | 535,815 | |||
| Accumulated other comprehensive income (loss) | (481) | 63 | |||||||
| Retained earnings (accumulated deficit) | 189,440 | 41,071 | (18,140) | 199,135 | 752,840 | 799,402 | |||
| Equity, attributable to noncontrolling interest | 212,271 | 246,371 | 201,757 | 202,563 | |||||
| Total equity: | 362,626 | 399,668 | 425,593 | 1,055,635 | 1,593,444 | 1,345,560 | |||
| TOTAL LIABILITIES AND EQUITY: | 469,255 | 629,477 | 649,703 | 2,090,052 | 2,698,053 | 2,581,452 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 545,525 | 638,716 | 674,634 | 843,281 | 739,640 | |||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 619,551 | 532,464 | |
| Cost of revenue | (24,143) | (1,633) | (41,748) | (299,511) | (286,272) | |||
| Cost of goods and services sold | (299,511) | (286,272) | ||||||
| Provision for loan, lease, and other losses | (1,633) | (527) | ✕ | |||||
| Gross profit: | 521,382 | 637,083 | 632,886 | 543,770 | 453,368 | |||
| Operating expenses | (277,402) | (559,400) | (1,286,017) | |||||
| Operating income (loss): | 243,980 | 637,083 | (559,400) | (653,131) | 543,770 | 453,368 | ||
| Nonoperating income (expense) | (101,106) | (125,709) | (33,023) | (36,656) | (23,581) | |||
| Investment income, nonoperating | (63,610) | (97,615) | 4,225 | (3,184) | 14,732 | |||
| Interest and debt expense | (447) | (33) | ||||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (560,877) | (369,617) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 142,427 | 511,341 | (559,400) | (686,154) | (53,763) | 60,170 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 447 | (462,952) | ||||||
| Income (loss) from continuing operations before income taxes: | 142,874 | 48,389 | (559,400) | (686,154) | (53,763) | 60,170 | ||
| Income tax expense (benefit) | (333) | (173) | 132,326 | 13,996 | 57,678 | |||
| Income (loss) from continuing operations: | 142,541 | 48,216 | (559,400) | (553,828) | (39,767) | 117,848 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 48,216 | (559,400) | (553,828) | (39,767) | 117,848 | ||
| Other undisclosed net income | ||||||||
| Net income (loss): | 142,541 | 48,216 | (559,400) | (553,828) | (39,767) | 117,848 | ||
| Net income (loss) attributable to noncontrolling interest | 5,828 | 12,431 | (51) | (5,521) | ||||
| Net income (loss) available to common stockholders, diluted: | 148,369 | 60,647 | (559,400) | (553,879) | (45,288) | 117,848 | ||
Comprehensive Income ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 142,541 | 48,216 | (559,400) | (553,828) | (39,767) | 117,848 | ||
| Other comprehensive income (loss) | (738) | 63 | ||||||
| Other undisclosed comprehensive income | 481 | 181 | ||||||
| Comprehensive income (loss): | 142,541 | 48,216 | (559,400) | (553,347) | (40,324) | 117,911 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 5,828 | 12,431 | (51) | (5,521) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 148,369 | 60,647 | (559,400) | (553,398) | (45,845) | 117,911 | ||
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.