Concho Resources Inc. (CXO) financial statements (2020 and earlier)

Company profile

Business Address 600 W. ILLINOIS AVENUE
MIDLAND, TX 79701
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   5322900
Cash and cash equivalents   5322900
Receivables798831543458395693224
Inventory, net of allowances, customer advances and progress billings303514   
Inventory303514    
Derivative instruments and hedges, assets201484 46524901
Disposal group, including discontinued operation930      
Prepaid expense and other current assets18
Income taxes receivable11
Other current assets     1,188 
Other undisclosed current assets5859353139(1,184)267
Total current assets:2,0171,4095925461,3151,188521
Noncurrent Assets
Inventory, Noncurrent   16191420
Property, plant and equipment21,42822,31313,04111,30210,97710,2068,946
Oil and gas property, successful effort method     10,0778,831
Long-term investments and receivables     30 
Long-term investments     30 
Intangible assets, net (including goodwill)2,1582,2432624262729
Goodwill2,1412,224     
Intangible assets, net (excluding goodwill)17192624262729
Derivative instruments and hedges121211  1672621
Regulated entity, other noncurrent assets   32   
Deferred costs    166873
Other noncurrent assets4001086017612333 
Prepaid expense and other noncurrent assets2
Other undisclosed noncurrent assets8101322 (10,106)(8,831)
Total noncurrent assets:24,11524,88513,14011,57311,32710,6129,070
TOTAL ASSETS:26,13226,29413,73212,11912,64211,8009,591
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities286303226160183363100
Accounts payable286303226160183258 
Accrued liabilities     6970
Employee-related liabilities     3428
Taxes payable     12
Debt 159116  9337
Derivative instruments and hedges, liabilities15 27782 28154
Asset retirement obligation     94
Disposal group, including discontinued operation69      
Deferred tax liabilities    163 
Other liabilities444320216152185195157
Other undisclosed current liabilities526574330359229323405
Total current liabilities:1,3401,3561,1657535961,427757
Noncurrent Liabilities
Long-term debt and lease obligation4,3494,1942,6912,7413,3323,5173,630
Long-term debt, excluding current maturities4,3494,1942,6912,7413,3323,5173,630
Liabilities, other than long-term debt, including:1,9321,9769611,0031,7711,5751,446
Deferred tax liabilities, net1,7831,8086877661,6301,4381,335
Accrued environmental loss contingencies  31122
Other liabilities14916817214114013697
Derivative instruments and hedges, liabilities  10296  14
Other undisclosed liabilities, other than long-term debt  (3)(1)(1)(2)(2)
Total noncurrent liabilities:6,2816,1703,6523,7435,1035,0925,076
Total liabilities:7,6217,5264,8174,4975,6996,5195,833
Stockholders' equity
Stockholders' equity attributable to parent, including:18,51118,7688,9157,6236,9435,2813,758
Common stock   0000
Treasury stock, value(146)(131)(67)(44)(32)(26)11
Additional paid in capital14,84014,7737,1426,7834,6283,0272,027
Retained earnings3,8174,1261,8408832,3462,2801,742
Other undisclosed stockholders' equity attributable to parent      (22)
Total stockholders' equity:18,51118,7688,9157,6236,9435,2813,758
TOTAL LIABILITIES AND EQUITY:26,13226,29413,73212,11912,64211,8009,591

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,4134,1512,5861,6351,8042,6832,338
Revenue, net2,5861,6351,8042,6832,338
Cost of revenue(1,787)(1,538)(1,879)(1,987)(1,065)(538)(1,155)
Cost of goods and services sold  (408)(451)(541)(538)(455)
Gross profit:2,6262,613707(352)7392,1451,183
Operating expenses(1,118)317367(1,717)(358)(1,618)(547)
Other undisclosed operating income (loss)     563(19)
Operating income (loss):1,5082,9301,074(2,069)3811,090617
Nonoperating income (expense)21810819(9)(15)(234)(260)
Other nonoperating income (expense)31110819(9)(15)(13)(13)
Interest and debt expense(187)(149)(66)(56)(215)(221)(190)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes93 (146)(204)(54)221190
Income (loss) from continuing operations before equity method investments, income taxes:1,6322,889881(2,339)97856357
Loss from equity method investments     (1) 
Income (loss) from continuing operations before income taxes:1,6322,889881(2,339)97855357
Income tax expense (benefit)(353)(603)75876(31)(318)(118)
Income (loss) from continuing operations:1,2792,286956(1,462)66537239
Income from discontinued operations      12
Net income (loss):1,2792,286956(1,462)66537251
Other undisclosed net income attributable to parent     1 
Net income (loss) attributable to parent:1,2792,286956(1,462)66538251
Other undisclosed net loss available to common stockholders, basic(15)(17)(7) (1)(6)(3)
Net income (loss) available to common stockholders, basic:1,2642,269949(1,462)65532248
Dilutive securities, effect on basic earnings per share    000
Net income (loss) available to common stockholders, diluted:1,2642,269949(1,462)65532248

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):1,2792,286956(1,462)66537251
Comprehensive income (loss), net of tax, attributable to parent:1,2792,286956(1,462)66537251

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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