Centennial Resource Development, Inc. (CDEV) financial statements (2020 and earlier)

Company profile

Business Address 1001 SEVENTEENTH STREET
DENVER, CO 80202
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1118117 
Cash and cash equivalents1118117 
Receivables14110179 
Derivative instruments and hedges, assets 20 
Other undisclosed current assets9106 
Total current assets:161130203 
Noncurrent Assets
Property, plant and equipment1595 
Oil and gas property, successful effort method4,4104,0783,381 
Derivative instruments and hedges  1 
Other noncurrent assets434327 
Other undisclosed noncurrent assets17   
Total noncurrent assets:4,4854,1303,414 
TOTAL ASSETS:4,6464,2603,617 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:268241200 
Accounts payable335664 
Accrued liabilities202511 
Employee-related liabilities10108 
Interest and dividends payable24112 
Other undisclosed accounts payable and accrued liabilities180139114 
Derivative instruments and hedges, liabilities460 
Other liabilities11  
Other undisclosed current liabilities14   
Total current liabilities:287248200 
Noncurrent Liabilities
Long-term debt and lease obligation  391 
Long-term debt, excluding current maturities  391 
Liabilities, other than long-term debt151512 
Asset retirement obligations151412 
Other liabilities 1  
Other undisclosed noncurrent liabilities1,09075410 
Total noncurrent liabilities:1,105768413 
Total liabilities:1,3921,016613 
Stockholders' equity
Stockholders' equity attributable to parent, including:3,2403,1002,834 
Additional paid in capital2,9672,8342,768 
Retained earnings27326767 
Other undisclosed stockholders' equity attributable to parent000 
Stockholders' equity attributable to noncontrolling interest14144170 
Total stockholders' equity:3,2543,2443,004 
TOTAL LIABILITIES AND EQUITY:4,6464,2603,617 

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
Revenues910891430 
Revenue, net430 
Cost of revenue
(Cost of Goods and Services Sold)
(31)(58)(34) 
Gross profit:879833396 
Operating expenses(808)(608)(325) 
Other undisclosed operating income315834 
Operating income:102283105 
Nonoperating income (expense)(49)(11)8 
Investment income, nonoperating(2)155 
Interest and debt expense(48)(26)(6) 
Income from continuing operations before equity method investments, income taxes:5246108 
Other undisclosed income from continuing operations before income taxes48266 
Income from continuing operations before income taxes:53272113 
Income tax expense(14)(59)(30) 
Net income:4021384 
Net loss attributable to noncontrolling interest(2)(13)(8) 
Net income available to common stockholders, basic:3720076 
Dilutive securities, effect on basic earnings per share1   
Net income available to common stockholders, diluted:3820076 

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
Net income:4021384 
Comprehensive income:4021384 
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(13)(8) 
Comprehensive income, net of tax, attributable to parent:3720076 

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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