Berry Petroleum Corporation (BRY) financial statements (2021 and earlier)

Company profile

Business Address 16000 N. DALLAS PARKWAY, SUITE 500
DALLAS, TX 75248
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments81 69
Cash and cash equivalents81 69
Receivables527257
Inventory, net of allowances, customer advances and progress billings339
Inventory339
Prepaid expense455
Derivative instruments and hedges, assets3989
Other current assets110
Other undisclosed current assets1211 
Total current assets:154100229
Noncurrent Assets
Property, plant and equipment81110104
Oil and gas property, successful effort method1,1771,4671,339
Derivative instruments and hedges 13
Other noncurrent assets71317
Total noncurrent assets:1,2651,5901,463
TOTAL ASSETS:1,4201,6901,692
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:152152144
Accounts payable122620
Accrued liabilities434666
Taxes payable10911
Interest and dividends payable111111
Other undisclosed accounts payable and accrued liabilities766036
Derivative instruments and hedges, liabilities235 
Total current liabilities:175157144
Noncurrent Liabilities
Long-term debt and lease obligation393394392
Long-term debt, excluding current maturities393394392
Liabilities, other than long-term debt137167104
Asset retirement obligations13512489
Deferred income tax liabilities19
Other liabilities13415
Derivative instruments and hedges, liabilities 0 
Total noncurrent liabilities:530561496
Total liabilities:706718640
Stockholders' equity
Stockholders' equity attributable to parent7149721,006
Common stock000
Treasury stock, value(50)(50)(24)
Additional paid in capital916902915
Retained earnings (accumulated deficit)(152)121116
Total stockholders' equity:7149721,006
Other undisclosed liabilities and equity  46
TOTAL LIABILITIES AND EQUITY:1,4201,6901,692

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

12/31/2020
12/31/2019
12/31/2018
Revenues524559587
Cost of revenue(391)(402)(332)
Gross profit:132157254
Operating expenses(368)(116)(53)
Other operating expense, net(6)(5) 
Operating income (loss):(242)37201
Nonoperating expense(34)(34)(35)
Interest and debt expense(34)(34)(36)
Income (loss) from continuing operations before equity method investments, income taxes:(310)(31)130
Other undisclosed income from continuing operations before income taxes403860
Income (loss) from continuing operations before income taxes:(270)7190
Income tax expense (benefit)737(43)
Net income (loss) attributable to parent:(263)44147
Preferred stock dividends and other adjustments  (98)
Net income (loss) available to common stockholders, diluted:(263)4449

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income (loss):(263)44147
Comprehensive income (loss), net of tax, attributable to parent:(263)44147

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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