Berry Petroleum Corporation (BRY) financial statements (2020 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)

12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 69
Cash and cash equivalents 69
Receivables7257
Inventory, net of allowances, customer advances and progress billings39
Inventory39
Prepaid expense55
Derivative instruments and hedges, assets989
Other current assets10
Other undisclosed current assets11 
Total current assets:100229
Noncurrent Assets
Property, plant and equipment110104
Oil and gas property, successful effort method1,4671,339
Derivative instruments and hedges13
Other noncurrent assets1317
Total noncurrent assets:1,5901,463
TOTAL ASSETS:1,6901,692
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:152144
Accounts payable2620
Accrued liabilities4666
Taxes payable911
Interest and dividends payable1111
Other undisclosed accounts payable and accrued liabilities6036
Derivative instruments and hedges, liabilities5 
Total current liabilities:157144
Noncurrent Liabilities
Long-term debt and lease obligation394392
Long-term debt, excluding current maturities394392
Liabilities, other than long-term debt167104
Asset retirement obligations12489
Deferred income tax liabilities9
Other liabilities3415
Derivative instruments and hedges, liabilities0 
Total noncurrent liabilities:561496
Total liabilities:718640
Stockholders' equity
Stockholders' equity attributable to parent9721,006
Common stock00
Treasury stock, value(50)(24)
Additional paid in capital902915
Retained earnings121116
Total stockholders' equity:9721,006
Other undisclosed liabilities and equity 46
TOTAL LIABILITIES AND EQUITY:1,6901,692

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

12/31/2019
12/31/2018
Revenues559587
Cost of revenue(402)(332)
Gross profit:157254
Operating expenses(116)(53)
Other operating expense, net(5) 
Operating income:37201
Nonoperating expense(34)(35)
Interest and debt expense(34)(36)
Income (loss) from continuing operations before equity method investments, income taxes:(31)130
Other undisclosed income from continuing operations before income taxes3860
Income from continuing operations before income taxes:7190
Income tax expense (benefit)37(43)
Net income attributable to parent:44147
Preferred stock dividends and other adjustments (98)
Net income available to common stockholders, diluted:4449

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
Net income:44147
Comprehensive income, net of tax, attributable to parent: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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