Centennial Resource Development, Inc. (CDEV) financial statements (2022 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)

Current Assets
Cash, cash equivalents, and short-term investments61018117 
Cash and cash equivalents61018117 
Derivative instruments and hedges, assets  20 
Other undisclosed current assets58106 
Total current assets:66120130203 
Noncurrent Assets
Operating lease, right-of-use asset3 
Property, plant and equipment131595 
Oil and gas property, successful effort method3,7274,5014,0783,381 
Derivative instruments and hedges   1 
Other noncurrent assets19404327 
Other undisclosed noncurrent assets 12   
Total noncurrent assets:3,7624,5684,1303,414 
TOTAL ASSETS:3,8274,6884,2603,617 
Current Liabilities
Accounts payable and accrued liabilities, including:110244241200 
Accounts payable5215664 
Accrued liabilities12252511 
Employee-related liabilities1213108 
Interest and dividends payable1519112 
Other undisclosed accounts payable and accrued liabilities67166139114 
Derivative instruments and hedges, liabilities 060 
Other liabilities1811  
Other undisclosed current liabilities39   
Total current liabilities:132254248200 
Noncurrent Liabilities
Long-term debt and lease obligation0  391 
Long-term debt, excluding current maturities   391 
Operating lease, liability0 
Liabilities, other than long-term debt23171512 
Asset retirement obligations17171412 
Deferred income tax liabilities3 
Other liabilities3 1  
Other undisclosed noncurrent liabilities1,0691,14675410 
Total noncurrent liabilities:1,0921,163768413 
Total liabilities:1,2231,4181,016613 
Stockholders' equity
Stockholders' equity attributable to parent, including:2,6043,2583,1002,834 
Additional paid in capital3,0042,9762,8342,768 
Retained earnings (accumulated deficit)(401)28226767 
Other undisclosed stockholders' equity attributable to parent0000 
Stockholders' equity attributable to noncontrolling interest 13144170 
Total stockholders' equity:2,6043,2713,2443,004 
TOTAL LIABILITIES AND EQUITY:3,8274,6884,2603,617 

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

Revenue, net430 
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit:580944833396 
Operating expenses(1,361)(864)(608)(325) 
Other undisclosed operating income (loss)0(1)5834 
Operating income (loss):(780)79283105 
Nonoperating income (expense)10(57)(11)8 
Investment income, nonoperating(65)(2)155 
Interest and debt expense143(56)(26)(6) 
Income (loss) from continuing operations before equity method investments, income taxes:(627)(34)246108 
Other undisclosed income (loss) from continuing operations before income taxes(143)56266 
Income (loss) from continuing operations before income taxes:(770)22272113 
Income tax expense (benefit)85(6)(59)(30) 
Net income (loss):(685)1621384 
Net income (loss) attributable to noncontrolling interest2(1)(13)(8) 
Net income (loss) available to common stockholders, basic:(683)1620076 
Dilutive securities, effect on basic earnings per share 0   
Net income (loss) available to common stockholders, diluted:(683)1620076 

Comprehensive Income ($ in millions)

Net income (loss):(685)1621384 
Comprehensive income (loss):(685)1621384 
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2(1)(13)(8) 
Comprehensive income (loss), net of tax, attributable to parent:(683)1620076 

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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