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 investments961018117 
Cash and cash equivalents961018117 
Receivables715510210179 
Derivative instruments and hedges, assets   20 
Other undisclosed current assets658106 
Total current assets:8766120130203 
Noncurrent Assets
Operating lease, right-of-use asset163 
Property, plant and equipment11131595 
Oil and gas property, successful effort method3,6753,7274,5014,0783,381 
Derivative instruments and hedges    1 
Other noncurrent assets1619404327 
Other undisclosed noncurrent assets  12   
Total noncurrent assets:3,7183,7624,5684,1303,414 
TOTAL ASSETS:3,8053,8274,6884,2603,617 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:130110244241200 
Accounts payable105215664 
Accrued liabilities1512252511 
Employee-related liabilities171213108 
Interest and dividends payable151519112 
Other undisclosed accounts payable and accrued liabilities7367166139114 
Derivative instruments and hedges, liabilities  060 
Other liabilities361811  
Other undisclosed current liabilities139   
Total current liabilities:168132254248200 
Noncurrent Liabilities
Long-term debt and lease obligation160  391 
Long-term debt, excluding current maturities    391 
Operating lease, liability160 
Liabilities, other than long-term debt4423171512 
Asset retirement obligations1717171412 
Deferred income tax liabilities33 
Other liabilities253 1  
Other undisclosed noncurrent liabilities8261,0691,14675410 
Total noncurrent liabilities:8861,0921,163768413 
Total liabilities:1,0541,2231,4181,016613 
Stockholders' equity
Stockholders' equity attributable to parent, including:2,7512,6043,2583,1002,834 
Common stock0     
Additional paid in capital3,0133,0042,9762,8342,768 
Retained earnings (accumulated deficit)(262)(401)28226767 
Other undisclosed stockholders' equity attributable to parent 0000 
Stockholders' equity attributable to noncontrolling interest  13144170 
Total stockholders' equity:2,7512,6043,2713,2443,004 
TOTAL LIABILITIES AND EQUITY:3,8053,8274,6884,2603,617 

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,030580944891430 
Revenue, net430 
Cost of revenue
(Cost of Goods and Services Sold)
   (58)(34) 
Gross profit:1,030580944833396 
Operating expenses(699)(1,361)(864)(608)(325) 
Other undisclosed operating income (loss)400(1)5834 
Operating income (loss):371(780)79283105 
Nonoperating income (expense)(232)10(57)(11)8 
Investment income, nonoperating(149)(65)(2)155 
Interest and debt expense(22)143(56)(26)(6) 
Income (loss) from continuing operations before equity method investments, income taxes:117(627)(34)246108 
Other undisclosed income (loss) from continuing operations before income taxes22(143)56266 
Income (loss) from continuing operations before income taxes:139(770)22272113 
Income tax expense (benefit)(1)85(6)(59)(30) 
Net income (loss):138(685)1621384 
Net income (loss) attributable to noncontrolling interest 2(1)(13)(8) 
Net income (loss) available to common stockholders, basic:138(683)1620076 
Dilutive securities, effect on basic earnings per share  0   
Other undisclosed net income available to common stockholders, diluted5     
Net income (loss) available to common stockholders, diluted:143(683)1620076 

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)1621384 
Comprehensive income (loss):138(685)1621384 
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)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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