Centennial Resource Development, Inc. (CDEV) financial statements (2023 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)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 9 | 6 | 10 | 18 | 117 | |||
| Cash and cash equivalents | 9 | 6 | 10 | 18 | 117 | |||
| Receivables | 71 | 55 | 102 | 101 | 79 | |||
| Derivative instruments and hedges, assets | 2 | 0 | ||||||
| Other undisclosed current assets | 6 | 5 | 8 | 10 | 6 | |||
| Total current assets: | 87 | 66 | 120 | 130 | 203 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 16 | 3 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 11 | 13 | 15 | 9 | 5 | |||
| Oil and gas property, successful effort method | 3,675 | 3,727 | 4,501 | 4,078 | 3,381 | |||
| Derivative instruments and hedges | 1 | |||||||
| Other noncurrent assets | 16 | 19 | 40 | 43 | 27 | |||
| Other undisclosed noncurrent assets | 12 | |||||||
| Total noncurrent assets: | 3,718 | 3,762 | 4,568 | 4,130 | 3,414 | |||
| TOTAL ASSETS: | 3,805 | 3,827 | 4,688 | 4,260 | 3,617 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 130 | 110 | 244 | 241 | 200 | |||
| Accounts payable | 10 | 5 | 21 | 56 | 64 | |||
| Accrued liabilities | 15 | 12 | 25 | 25 | 11 | |||
| Employee-related liabilities | 17 | 12 | 13 | 10 | 8 | |||
| Interest and dividends payable | 15 | 15 | 19 | 11 | 2 | |||
| Other undisclosed accounts payable and accrued liabilities | 73 | 67 | 166 | 139 | 114 | |||
| Derivative instruments and hedges, liabilities | 0 | 6 | 0 | |||||
| Other liabilities | 36 | 18 | 1 | 1 | ||||
| Other undisclosed current liabilities | 1 | 3 | 9 | |||||
| Total current liabilities: | 168 | 132 | 254 | 248 | 200 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 16 | 0 | 391 | |||||
| Long-term debt, excluding current maturities | 391 | |||||||
| Operating lease, liability | 16 | 0 | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 44 | 23 | 17 | 15 | 12 | |||
| Asset retirement obligations | 17 | 17 | 17 | 14 | 12 | |||
| Deferred income tax liabilities | 3 | 3 | ✕ | ✕ | ✕ | |||
| Other liabilities | 25 | 3 | 1 | |||||
| Other undisclosed noncurrent liabilities | 826 | 1,069 | 1,146 | 754 | 10 | |||
| Total noncurrent liabilities: | 886 | 1,092 | 1,163 | 768 | 413 | |||
| Total liabilities: | 1,054 | 1,223 | 1,418 | 1,016 | 613 | |||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | 2,751 | 2,604 | 3,258 | 3,100 | 2,834 | |||
| Common stock | 0 | |||||||
| Additional paid in capital | 3,013 | 3,004 | 2,976 | 2,834 | 2,768 | |||
| Retained earnings (accumulated deficit) | (262) | (401) | 282 | 267 | 67 | |||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | 0 | ||||
| Stockholders' equity attributable to noncontrolling interest | 13 | 144 | 170 | |||||
| Total stockholders' equity: | 2,751 | 2,604 | 3,271 | 3,244 | 3,004 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,805 | 3,827 | 4,688 | 4,260 | 3,617 | |||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 1,030 | 580 | 944 | 891 | 430 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 430 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (58) | (34) | |||||
| Gross profit: | 1,030 | 580 | 944 | 833 | 396 | ||
| Operating expenses | (699) | (1,361) | (864) | (608) | (325) | ||
| Other undisclosed operating income (loss) | 40 | 0 | (1) | 58 | 34 | ||
| Operating income (loss): | 371 | (780) | 79 | 283 | 105 | ||
| Nonoperating income (expense) | (232) | 10 | (57) | (11) | 8 | ||
| Investment income, nonoperating | (149) | (65) | (2) | 15 | 5 | ||
| Interest and debt expense | (22) | 143 | (56) | (26) | (6) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 117 | (627) | (34) | 246 | 108 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 22 | (143) | 56 | 26 | 6 | ||
| Income (loss) from continuing operations before income taxes: | 139 | (770) | 22 | 272 | 113 | ||
| Income tax expense (benefit) | (1) | 85 | (6) | (59) | (30) | ||
| Net income (loss): | 138 | (685) | 16 | 213 | 84 | ||
| Net income (loss) attributable to noncontrolling interest | 2 | (1) | (13) | (8) | |||
| Net income (loss) available to common stockholders, basic: | 138 | (683) | 16 | 200 | 76 | ||
| Dilutive securities, effect on basic earnings per share | 0 | ||||||
| Other undisclosed net income available to common stockholders, diluted | 5 | ||||||
| Net income (loss) available to common stockholders, diluted: | 143 | (683) | 16 | 200 | 76 | ||
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 138 | (685) | 16 | 213 | 84 | ||
| Comprehensive income (loss): | 138 | (685) | 16 | 213 | 84 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 2 | (1) | (13) | (8) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 138 | (683) | 16 | 200 | 76 | ||
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.