Unit Corporation (UNT) financial statements (2021 and earlier)

Company profile

Business Address 8200 SOUTH UNIT DRIVE
TULSA, OK 74132
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12 611
Cash and cash equivalents12 611
Receivables59 12111284
Derivative instruments and hedges, assets  131 
Other undisclosed current assets12 34736
Total current assets:83 175120121
Noncurrent Assets
Operating lease, right-of-use asset6 
Property, plant and equipment547 2,4322,3832,281
Intangible assets, net (including goodwill)  636363
Goodwill  636363
Derivative instruments and hedges    0
Other noncurrent assets14 281614
Total noncurrent assets:567 2,5232,4622,358
TOTAL ASSETS:650 2,6982,5812,479
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities63 200161128
Accounts payable41 15011389
Accrued liabilities22 504940
Debt5    
Derivative instruments and hedges, liabilities1  822
Other liabilities11 141315
Other undisclosed current liabilities1    
Total current liabilities:80 214182165
Noncurrent Liabilities
Long-term debt and lease obligation100 644820801
Long-term debt, excluding current maturities98 644820801
Operating lease, liability1 
Liabilities, other than long-term debt44 246234319
Deferred tax liabilities, net145133216
Other liabilities39 101100103
Derivative instruments and hedges, liabilities5 0 0
Total noncurrent liabilities:144 8911,0541,120
Total liabilities:224 1,1051,2361,285
Stockholders' equity
Stockholders' equity attributable to parent179 1,3911,3461,194
Common stock0 101010
Additional paid in capital197 628536503
Accumulated other comprehensive income (loss)  (0)0 
Retained earnings (accumulated deficit)(18) 753799682
Stockholders' equity attributable to noncontrolling interest246 203  
Total stockholders' equity:426 1,5931,3461,194
TOTAL LIABILITIES AND EQUITY:650 2,6982,5812,479

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues  843740602
Revenue, net620532416
Cost of revenue
(Cost of Goods and Services Sold)
  (300)(286)(258)
Gross profit:  544453344
Operating expenses(559)    
Operating income (loss):(559) 544453344
Nonoperating expense  (37)(24)(62)
Investment income, nonoperating  (3)15(23)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (561)(370)(489)
Income (loss) from continuing operations before income taxes:(559) (54)60(207)
Income tax benefit  145871
Net income (loss):(559) (40)118(136)
Net loss attributable to noncontrolling interest  (6)  
Net income (loss) available to common stockholders, diluted:(559) (45)118(136)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(559) (40)118(136)
Other comprehensive income (loss)  (1)0 
Other undisclosed comprehensive income  0  
Comprehensive income (loss):(559) (40)118(136)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (6)  
Comprehensive income (loss), net of tax, attributable to parent:(559) (46)118(136)

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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