Continental Resources, Inc. (CLR) financial statements (2021 and earlier)

Company profile

Business Address 20 NORTH BROADWAY
OKLAHOMA CITY, OK 73102
State of Incorp. OK
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments473928344171124
Cash and cash equivalents473928344171124
Receivables7021,0411,0121,0987706111,133
Inventory, net of allowances, customer advances and progress billings72110899711294170
Inventory72110899711294170
Prepaid expense     0 
Derivative instruments and hedges, assets15 16349452
Other undisclosed current assets1517131011129
Total current assets:8531,2071,4121,2529138221,390
Noncurrent Assets
Operating lease, right-of-use asset99
Property, plant and equipment13,73714,49813,87012,93412,88114,06313,636
Oil and gas property, successful effort method      18,012
Derivative instruments and hedges     1532
Regulated entity, other noncurrent assets      88
Other noncurrent assets351416141720 
Other undisclosed noncurrent assets      (18,012)
Total noncurrent assets:13,78114,52113,88612,94812,89914,09713,755
TOTAL ASSETS:14,63315,72815,29814,20013,81214,92015,145
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5298609849536537301,914
Accounts payable3626297186934765531,264
Accrued liabilities167230267260177177405
Employee-related liabilities      40
Taxes payable      145
Interest and dividends payable      61
Debt2622222
Derivative instruments and hedges, liabilities0   5942
Asset retirement obligation      1
Due to related parties  00007
Deferred tax liabilities   36145
Other undisclosed current liabilities330470401375217151(120)
Total current liabilities:8611,3361,3881,3309329231,952
Noncurrent Liabilities
Long-term debt and lease obligation5,5365,3305,7666,3516,5787,1165,996
Long-term debt, excluding current maturities5,5305,3245,7666,3516,5787,1165,996
Operating lease, liability65
Liabilities, other than long-term debt1,8141671,7231,3872,0002,2122,229
Asset retirement obligations1771521371129410175
Deferred tax liabilities, net1,5741,2601,8902,0902,141
Deferred income tax liabilities1,620 
Other liabilities1515111515179
Derivative instruments and hedges, liabilities2    43
Other undisclosed noncurrent liabilities 1,787     
Total noncurrent liabilities:7,3507,2847,4897,7388,5779,3288,225
Total liabilities:8,2108,6208,8769,0689,51010,25110,177
Stockholders' equity
Stockholders' equity attributable to parent6,0566,7426,1455,1314,3024,6694,968
Common stock4444444
Additional paid in capital1,2051,2751,4351,4091,3751,3461,288
Accumulated other comprehensive income (loss)  00(0)(3)(0)
Retained earnings4,8485,4634,7063,7182,9233,3233,677
Stockholders' equity attributable to noncontrolling interest366367277    
Total stockholders' equity:6,4237,1086,4225,1314,3024,6694,968
TOTAL LIABILITIES AND EQUITY:14,63315,72815,29814,20013,81214,92015,145

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,5864,6324,7103,1211,9802,6804,802
Revenue, net2,9832,0272,5534,203
Cost of revenue
(Cost of Goods and Services Sold)
   (324)(289)(2)(352)
Gross profit:2,5864,6324,7102,7971,6912,6794,449
Operating expenses(3,140)(3,375)(3,116)(2,671)(2,268)(2,904)(2,934)
Other undisclosed operating income   3242892352
Operating income (loss):(554)1,2571,594449(288)(224)1,868
Nonoperating expense(221)(270)(297)(293)(345)(311)(306)
Investment income, nonoperating      560
Interest and debt expense36(5)(7)(1)(26)(313)(308)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(36)57126313308
Income (loss) from continuing operations before income taxes:(775)9871,297156(632)(535)1,562
Income tax expense (benefit)169(213)(307)633233181(585)
Net income (loss):(606)774990789(400)(354)977
Net income (loss) attributable to noncontrolling interest91(1)    
Net income (loss) available to common stockholders, diluted:(597)776988789(400)(354)977

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(606)774990789(400)(354)977
Other comprehensive income (loss) (0)013(3)(0)
Comprehensive income (loss):(606)774990790(397)(357)977
Comprehensive income (loss), net of tax, attributable to noncontrolling interest91(1)    
Comprehensive income (loss), net of tax, attributable to parent:(597)775988790(397)(357)977

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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