EP Energy Corporation (EPEG) financial statements (2020 and earlier)

Company profile

Business Address 1001 LOUISIANA STREET
HOUSTON, TX 77002
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments322727202622
Cash and cash equivalents322727202622
Restricted cash and investments1 18   
Receivables143230171149217272
Inventory, net of allowances, customer advances and progress billings422216162425
Inventory422216162425
Prepaid expense 535557
Derivative instruments and hedges, assets91011858694752
Other current assets27     
Other undisclosed current assets  181 324
Total current assets:2543854662489691,102
Noncurrent Assets
Property, plant and equipment     8,728
Oil and gas property, successful effort method     10,241
Derivative instruments and hedges 134485297
Regulated entity, other noncurrent assets286102390
Other noncurrent assets1912112
Other undisclosed noncurrent assets     (18,969)
Total noncurrent assets:21221215109389
Other undisclosed assets3,4353,7744,4224,4984,7558,728
TOTAL ASSETS:3,7104,1814,9004,7615,83310,219
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities251296308219297598
Accounts payable211226246176250545
Interest and dividends payable407062434753
Debt1,8265821   
Derivative instruments and hedges, liabilities  174 1
Asset retirement obligation    12
Disposal group, including discontinued operation  2   
Deferred tax liabilities    251
Other liabilities2286100985047
Other undisclosed current liabilities149     
Total current liabilities:2,248440448321348899
Noncurrent Liabilities
Long-term debt and lease obligation 4,3804,0723,7894,8124,598
Long-term debt, excluding current maturities 4,3804,0723,7894,8124,598
Liabilities, other than long-term debt6355384554374
Asset retirement obligations433933404040
Deferred tax liabilities, net    327
Other liabilities20165467
Derivative instruments and hedges, liabilities   18 
Other undisclosed noncurrent liabilities (95)(50)   
Total noncurrent liabilities:634,3404,0603,8344,8664,972
Total liabilities:2,3114,7804,5084,1555,2145,871
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,533)(599)3926066194,348
Treasury stock, value(1)(1)(3)(3)  
Additional paid in capital3,5453,5363,5263,5463,5293,510
Retained earnings (accumulated deficit)(5,080)(4,137)(3,134)(2,939)(2,912)836
Other undisclosed stockholders' equity attributable to parent333222
Total stockholders' equity:(1,533)(599)3926066194,348
Other undisclosed liabilities and equity2,932     
TOTAL LIABILITIES AND EQUITY:3,7104,1814,9004,7615,83310,219

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8201,3241,0667671,9083,084
Revenue, net9227751,1811,989
Cost of revenue
(Cost of Goods and Services Sold)
 (3)(165)(169)(217)(216)
Gross profit:8201,3219015981,6912,868
Operating expenses(63)(79)(77)(55)(100)(172)
Other undisclosed operating loss(1,230)(1,957)(685)(641)(5,546)(1,203)
Operating income (loss):(473)(715)139(98)(3,955)1,493
Nonoperating income44   1
Investment income, nonoperating     985
Other nonoperating income44    
Interest and debt expense(419)(292)(342)72(371)(335)
Income (loss) from continuing operations before income taxes:(888)(1,003)(203)(26)(4,326)1,159
Income tax expense (benefit)  9(1)578(432)
Income (loss) from continuing operations:(888)(1,003)(194)(27)(3,748)727
Income from discontinued operations   76  
Net income (loss):(888)(1,003)(194)49(3,748)727
Other undisclosed net income (loss) attributable to parent(55)  (76) 4
Net income (loss) available to common stockholders, diluted:(943)(1,003)(194)(27)(3,748)731

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(888)(1,003)(194)49(3,748)727
Comprehensive income (loss):(888)(1,003)(194)49(3,748)727
Other undisclosed comprehensive income, net of tax, attributable to parent     4
Comprehensive income (loss), net of tax, attributable to parent:(888)(1,003)(194)49(3,748)731

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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