Continental Resources, Inc. (CLR) Financial Statements (2024 and earlier)

Company Profile

Business Address 20 NORTH BROADWAY
OKLAHOMA CITY, OK 73102
State of Incorp. OK
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13821473928344
Cash and cash equivalents13821473928344
Receivables1,7661,3987021,0411,0121,098
Inventory, net of allowances, customer advances and progress billings173106721108997
Inventory173106721108997
Derivative instruments and hedges, assets392215 163
Other undisclosed current assets281715171310
Total current assets:2,1441,5648531,2071,4121,252
Noncurrent Assets
Operating lease, right-of-use asset251699
Property, plant and equipment18,47216,97513,73714,49813,87012,934
Long-term investments and receivables211     
Long-term investments211     
Derivative instruments and hedges413    
Other noncurrent assets232235141614
Total noncurrent assets:18,73417,02713,78114,52113,88612,948
TOTAL ASSETS:20,87818,59114,63315,72815,29814,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,077868529860984953
Accounts payable1,733582362629718693
Accrued liabilities344286167230267260
Debt63822622
Derivative instruments and hedges, liabilities8810   
Due to related parties    00
Other undisclosed current liabilities282629330470401375
Total current liabilities:3,0851,5008611,3361,3881,330
Noncurrent Liabilities
Long-term debt and lease obligation7,5726,8405,5365,3305,7666,351
Long-term debt, excluding current maturities7,5726,8275,5305,3245,7666,351
Liabilities, other than long-term debt, including:3,0922,3941,8141671,7231,387
Asset retirement obligations257216177152137112
Deferred tax liabilities, net1,5741,260
Deferred income tax liabilities 2,5382,1401,620 
Other liabilities443815151115
Operating lease, liability201465
Derivative instruments and hedges, liabilities13302   
Other undisclosed liabilities, other than long-term debt100     
Other undisclosed noncurrent liabilities    1,787  
Total noncurrent liabilities:10,6649,2357,3507,2847,4897,738
Total liabilities:13,74910,7358,2108,6208,8769,068
Equity
Equity, attributable to parent6,7577,4756,0566,7426,1455,131
Common stock344444
Additional paid in capital  1,1321,2051,2751,4351,409
Accumulated other comprehensive income     00
Retained earnings6,7546,3404,8485,4634,7063,718
Equity, attributable to noncontrolling interest372381366367277 
Total equity:7,1307,8566,4237,1086,4225,131
TOTAL LIABILITIES AND EQUITY:20,87818,59114,63315,72815,29814,200

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues9,4745,7192,5864,6324,7103,121
Revenue, net2,983
Cost of revenue
(Cost of Goods and Services Sold)
      (324)
Gross profit:9,4745,7192,5864,6324,7102,797
Operating expenses(4,120)(3,258)(3,140)(3,375)(3,116)(2,671)
Other undisclosed operating income      324
Operating income (loss):5,3542,462(554)1,2571,594449
Nonoperating expense(285)(276)(221)(270)(297)(293)
Interest and debt expense(0)(0)36(5)(7)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes0 (36)571
Income (loss) from continuing operations before equity method investments, income taxes:5,0682,186(775)9871,297156
Loss from equity method investments(1)     
Other undisclosed income from continuing operations before income taxes10    
Income (loss) from continuing operations before income taxes:5,0682,186(775)9871,297156
Income tax expense (benefit)(1,021)(520)169(213)(307)633
Income (loss) from continuing operations:4,0481,666(606)774990789
Income (loss) before gain (loss) on sale of properties:1,666(606)774990789
Other undisclosed net loss(1)     
Net income (loss):4,0461,666(606)774990789
Net income (loss) attributable to noncontrolling interest(22)(5)91(1) 
Net income (loss) available to common stockholders, diluted:4,0251,661(597)776988789

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):4,0461,666(606)774990789
Other comprehensive income (loss)    (0)01
Comprehensive income (loss):4,0461,666(606)774990790
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(22)(5)91(1) 
Comprehensive income (loss), net of tax, attributable to parent:4,0251,661(597)775988790

Statements Sources

The financial statements are based on the Company's filings with 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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