Halcon Resources Corporation (HK) financial statements (2021 and earlier)
Company profile
| Business Address |
1000 LOUISIANA STREET, SUITE 6600 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)
| 12/31/2020 | 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 investments | 4 | 6 | 47 | 424 | 0 | 8 | 44 | ||
| Cash and cash equivalents | 4 | 6 | 47 | 424 | 0 | 8 | 44 | ||
| Restricted cash and investments | 0 | 17 | 16 | ||||||
| Receivables | 32 | 50 | 37 | 43 | 148 | 174 | 425 | ||
| Inventory, net of allowances, customer advances and progress billings | 5 | 5 | |||||||
| Inventory | 5 | 5 | |||||||
| Prepaid expense | 1 | 2 | 4 | 4 | 7 | 5 | 6 | ||
| Derivative instruments and hedges, assets | 9 | 5 | 57 | 1 | 6 | 349 | 353 | ||
| Deferred tax assets | ✕ | ✕ | (137) | ||||||
| Other current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Other undisclosed current assets | 2 | 9 | (9) | ||||||
| Total current assets: | 48 | 71 | 145 | 472 | 161 | 557 | 703 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 0 | 3 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 2 | 3 | 122 | 97 | 38 | 108 | 112 | ||
| Oil and gas property, full cost method | 290 | 506 | 1,802 | 1,073 | 1,120 | 2,768 | 5,268 | ||
| Long-term investments and receivables | 0 | 4 | |||||||
| Long-term investments | 0 | 4 | |||||||
| Derivative instruments and hedges | 4 | 0 | 12 | 17 | 151 | ||||
| Deferred costs | 8 | 56 | |||||||
| Other noncurrent assets | 2 | 0 | |||||||
| Deferred tax assets, net | ✕ | ✕ | 137 | ||||||
| Other undisclosed noncurrent assets | 1 | 2 | 2 | 2 | 2 | 4 | |||
| Total noncurrent assets: | 299 | 514 | 1,939 | 1,172 | 1,159 | 2,902 | 5,732 | ||
| TOTAL ASSETS: | 346 | 585 | 2,084 | 1,644 | 1,320 | 3,459 | 6,434 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 59 | 97 | 158 | 131 | 186 | 295 | 608 | ||
| Accounts payable | 23 | 36 | 69 | 36 | 24 | 47 | 61 | ||
| Accrued liabilities | 0 | 0 | 0 | 0 | 0 | 20 | 30 | ||
| Employee-related liabilities | 3 | 3 | 3 | 10 | 3 | 3 | 3 | ||
| Taxes payable | 0 | 9 | |||||||
| Interest and dividends payable | 0 | 1 | 17 | 11 | 31 | 88 | 83 | ||
| Other undisclosed accounts payable and accrued liabilities | 32 | 57 | 68 | 74 | 127 | 127 | 431 | ||
| Debt | 2 | 1 | |||||||
| Derivative instruments and hedges, liabilities | 22 | 8 | 4 | 19 | 16 | ||||
| Asset retirement obligation | 0 | 0 | 0 | 0 | |||||
| Deferred tax liabilities | ✕ | ✕ | 137 | ||||||
| Other liabilities | 5 | ||||||||
| Other undisclosed current liabilities | 0 | ||||||||
| Total current liabilities: | 83 | 106 | 162 | 150 | 208 | 295 | 745 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 158 | 146 | 3,747 | ||||||
| Long-term debt, excluding current maturities | 158 | 144 | 3,747 | ||||||
| Operating lease, liability | 2 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 15 | 15 | 16 | 12 | 35 | 53 | 54 | ||
| Asset retirement obligations | 11 | 10 | 7 | 4 | 32 | 47 | 38 | ||
| Other liabilities | 2 | 6 | 6 | ||||||
| Derivative instruments and hedges, liabilities | 4 | 5 | 9 | 8 | 0 | 0 | 9 | ||
| Total noncurrent liabilities: | 173 | 162 | 16 | 12 | 35 | 53 | 3,800 | ||
| Total liabilities: | 257 | 268 | 178 | 162 | 242 | 349 | 4,545 | ||
| Temporary equity, carrying amount | 184 | 117 | |||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 90 | 317 | 1,197 | 1,072 | 113 | 52 | 1,772 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 330 | 327 | 1,095 | 1,016 | 593 | 3,283 | 2,995 | ||
| Retained earnings (accumulated deficit) | (240) | (10) | 102 | 56 | (480) | (3,231) | (1,223) | ||
| Total stockholders' equity: | 90 | 317 | 1,197 | 1,072 | 113 | 52 | 1,772 | ||
| Other undisclosed liabilities and equity | 709 | 409 | 965 | 2,874 | |||||
| TOTAL LIABILITIES AND EQUITY: | 346 | 585 | 2,084 | 1,644 | 1,320 | 3,459 | 6,434 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 148 | 227 | 378 | 550 | 1,148 | |||
| Revenue, net | ✕ | ✕ | ✕ | 376 | 548 | 1,146 | ||
| Cost of revenue | (173) | (191) | (264) | (576) | (848) | |||
| Cost of goods and services sold | (25) | (62) | (104) | (130) | ||||
| Gross profit: | (25) | 36 | 114 | (26) | 301 | |||
| Operating expenses | (237) | 56 | 601 | (2,719) | (359) | |||
| Operating income (loss): | (262) | 92 | 715 | (2,745) | (58) | |||
| Nonoperating income (expense) | 32 | 50 | (185) | 831 | 373 | |||
| Investment income, nonoperating | 39 | 93 | 1 | 310 | 519 | |||
| Interest and debt expense | (1) | (2) | (7) | (4) | ||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 7 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (230) | 140 | 529 | (1,914) | 311 | |||
| Other undisclosed income from continuing operations before income taxes | 1 | 2 | 4 | |||||
| Income (loss) from continuing operations before income taxes: | (230) | 142 | 531 | (1,914) | 315 | |||
| Income tax expense (benefit) | (96) | 5 | (9) | 1 | ||||
| Net income (loss): | (230) | 46 | 536 | (1,923) | 316 | |||
| Other undisclosed net income attributable to parent | 0 | |||||||
| Net income (loss) attributable to parent: | (230) | 46 | 536 | (1,923) | 316 | |||
| Preferred stock dividends and other adjustments | (84) | (13) | ||||||
| Other undisclosed net loss available to common stockholders, basic | (48) | (20) | ||||||
| Net income (loss) available to common stockholders, diluted: | (230) | 46 | 488 | (2,007) | 283 | |||
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): | (230) | 46 | 536 | (1,923) | 316 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (230) | 46 | 536 | (1,923) | 316 | |||
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.