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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12303741 1
Cash and cash equivalents12303741 1
Receivables59535454 78
Derivative instruments and hedges, assets 2 1 6
Other undisclosed current assets12211817 33
Total current assets:83106109113 117
Noncurrent Assets
Operating lease, right-of-use asset6687  
Property, plant and equipment5475791,0011,145 2,385
Derivative instruments and hedges     0
Regulated entity, other noncurrent assets     3
Other noncurrent assets14182223 30
Other undisclosed noncurrent assets     5
Total noncurrent assets:5676031,0321,175 2,423
TOTAL ASSETS:6507091,1401,288 2,540
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities636558100 154
Accounts payable41372759 80
Accrued liabilities22283142 73
Debt541344  
Derivative instruments and hedges, liabilities115   
Asset retirement obligation  1   
Other liabilities11121418 15
Other undisclosed current liabilities112771 4
Total current liabilities:8084213894 173
Noncurrent Liabilities
Long-term debt and lease obligation1001463740 784
Long-term debt, excluding current maturities981443437 784
Finance lease, liability  0   
Operating lease, liability1233  
Liabilities, other than long-term debt4446153100 188
Asset retirement obligations  63   
Deferred tax liabilities, net92
Deferred income tax liabilities  511  
Other liabilities39448588 96
Derivative instruments and hedges, liabilities5200 0
Other undisclosed noncurrent liabilities  696  3
Total noncurrent liabilities:144192886139 975
Total liabilities:2242761,1001,033 1,149
Stockholders' equity
Stockholders' equity attributable to parent179188(128)86 1,189
Common stock001111 11
Additional paid in capital197197648647 644
Retained earnings (accumulated deficit)(18)(9)(787)(571) 534
Stockholders' equity attributable to noncontrolling interest246244169169 202
Total stockholders' equity:42643341254 1,391
TOTAL LIABILITIES AND EQUITY:6507091,1401,288 2,540

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Revenues(33)3389122(510)155
Cost of revenue (1)(27)(29) (10)
Gross profit: 316293 145
Operating expenses(519)(40)(260)(887) (398)
Other undisclosed operating loss(31)     
Operating loss:(551)(9)(198)(794) (253)
Nonoperating income (expense) 2(24)(13) (6)
Investment income, nonoperating 4(7)0 4
Interest and debt expense (0)(0)(0)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(2)000  
Loss from continuing operations before income taxes:(553)(7)(222)(807) (259)
Income tax benefit  63 51
Net loss:(553)(7)(216)(804) (208)
Other undisclosed net income (loss) attributable to parent2(2)(0)33 1
Net loss available to common stockholders, diluted:(550)(9)(216)(770) (207)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Net loss:(553)(7)(216)(804) (208)
Other undisclosed comprehensive income     0
Comprehensive loss:(553)(7)(216)(804) (207)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (2)(0)33 1
Other undisclosed comprehensive income, net of tax, attributable to parent2     
Comprehensive loss, net of tax, attributable to parent:(550)(9)(216)(770) (206)

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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