Diamondback Energy, Inc. (FANG) financial statements (2020 and earlier)

Company profile

Business Address 500 WEST TEXAS
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)

12/31/2019
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 investments1232151121,667203016
Cash and cash equivalents1232151121,667203016
Restricted cash and investments5  111 
Receivables615392232120298 
Inventory, net of allowances, customer advances and progress billings373892236
Inventory373892236
Prepaid expense20      
Derivative instruments and hedges, assets462311 51160
Deferred tax assets     0
Other current assets 28153 120 
Other undisclosed current assets23(231)(1)080(116)40
Total current assets:8699253591,79210925262
Noncurrent Assets
Operating lease, right-of-use asset15
Property, plant and equipment21,83520,3727,3443,3912,5982,7921,446
Oil and gas property, full cost method(2,995)(1,599)(1,010)(688) 3,119 
Long-term investments and receivables479      
Long-term investments479      
Intangible assets, net (including goodwill)88    
Intangible assets, net (excluding goodwill)88     
Derivative instruments and hedges7  1 20
Deposits noncurrent assets  6121   
Deferred income tax assets142
Other noncurrent assets90866245525013
Deferred tax assets, net    521
Other undisclosed noncurrent assets3,0811,8041,010688 (3,171)(1)
Total noncurrent assets:22,66220,6717,4123,5582,6502,8441,460
TOTAL ASSETS:23,53121,5967,7715,3502,7583,0951,522
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4833811871036486 
Accounts payable17912895482026 
Accrued liabilities30425393554441 
Taxes payable     10 
Interest and dividends payable     9 
Deferred revenue278
Debt8      
Derivative instruments and hedges, liabilities27 10023   
Asset retirement obligation     00
Due to related parties   00  
Deferred revenue and credits6923   
Deferred tax liabilities    40 
Other liabilities 892483162 24075
Other undisclosed current liabilities467(253)(262)(101)77(100)47
Total current liabilities:1,2631,020577209141267121
Noncurrent Liabilities
Long-term debt and lease obligation5,3714,4641,4771,106496674460
Long-term debt, excluding current maturities5,3714,4641,4771,106496674460
Liabilities, other than long-term debt, including:1110134161317095
Asset retirement obligations9413620161383
Deferred tax liabilities, net1,785108  16292
Derivative instruments and hedges, liabilities 156    
Other undisclosed liabilities, other than long-term debt(83)(1,926)     
Other undisclosed noncurrent liabilities1,9801,936     
Total noncurrent liabilities:7,3626,4101,6121,122508844555
Total liabilities:8,6257,4292,1891,3316491,110676
Stockholders' equity
Stockholders' equity attributable to parent, including:13,24913,6995,2553,6971,8761,751846
Additional paid in capital12,35712,9365,2914,2162,2301,554843
Accumulated other comprehensive loss (0)     
Retained earnings (accumulated deficit)890762(37)(519)(354)1963
Other undisclosed stockholders' equity attributable to parent2211110
Stockholders' equity attributable to noncontrolling interest1,657467327321233234 
Total stockholders' equity:14,90614,1665,5824,0182,1091,985846
TOTAL LIABILITIES AND EQUITY:23,53121,5967,7715,3502,7583,0951,522

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3,9642,1761,205527447496208
Revenue, net1,205527447496208
Cost of revenue(2,365)(1,092)(550)(307)(82)(56)(20)
Cost of goods and services sold  (150)(94)(82)(56)(20)
Gross profit:1,5991,084655221364440188
Operating expenses(904)(73)(50)(289)(1,187)(283)(113)
Other undisclosed operating income    825620
Operating income (loss):6951,011605(69)(740)21395
Nonoperating income (expense)(333)102(108)(96)(9)92(9)
Investment income, nonoperating(103)101(78)(25) 1175
Other nonoperating income (expense)(2)891031(1) 
Interest and debt expense(173)(88)(41)(41)(42)(35)(8)
Other undisclosed income from continuing operations before equity method investments, income taxes    42358
Income (loss) from continuing operations before equity method investments, income taxes:1891,025456(206)(749)30586
Other undisclosed income from continuing operations before income taxes173884141   
Income (loss) from continuing operations before income taxes:3621,113497(165)(749)30586
Income tax expense (benefit)(47)(168)20(0)201(109)(32)
Net income (loss):315945517(165)(548)19655
Net loss attributable to noncontrolling interest(75)(99)(34)(0)(3)(2) 
Net income (loss) available to common stockholders, diluted:240846482(165)(551)19455

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):315945517(165)(548)19655
Other comprehensive loss (0)     
Comprehensive income (loss):315945517(165)(548)19655
Comprehensive loss, net of tax, attributable to noncontrolling interest(75)(99)(34)(0)(3)(2) 
Other undisclosed comprehensive income, net of tax, attributable to parent 99     
Comprehensive income (loss), net of tax, attributable to parent:240945482(165)(551)19455

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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