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)

12/31/2019
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 investments64742408443
Cash and cash equivalents64742408443
Restricted cash and investments   01716 
Receivables503743148174425313
Inventory, net of allowances, customer advances and progress billings    555
Inventory    555
Prepaid expense2447566
Derivative instruments and hedges, assets557163493532
Income taxes receivable10
Deferred tax assets    (137)(8)
Other current assets0000000
Other undisclosed current assets9    (9)8
Total current assets:71145472161557703339
Noncurrent Assets
Operating lease, right-of-use asset3
Property, plant and equipment31229738108112117
Oil and gas property, full cost method5061,8021,0731,1202,7685,2684,799
Long-term investments and receivables    044
Long-term investments    044
Derivative instruments and hedges012  1715123
Deferred costs    85664
Other noncurrent assets0      
Deferred tax assets, net    1378
Other undisclosed noncurrent assets1222242
Total noncurrent assets:5141,9391,1721,1592,9025,7325,018
TOTAL ASSETS:5852,0841,6441,3203,4596,4345,356
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:97158131186295608637
Accounts payable366936244761 
Accrued liabilities00002030 
Employee-related liabilities33103332
Taxes payable   09  
Interest and dividends payable11711318883 
Other undisclosed accounts payable and accrued liabilities576874127127431634
Debt1     1
Derivative instruments and hedges, liabilities841916  18
Asset retirement obligation00  000
Deferred tax liabilities    1378
Other liabilities   5   
Total current liabilities:106162150208295745664
Noncurrent Liabilities
Long-term debt and lease obligation146    3,7473,184
Long-term debt, excluding current maturities144    3,7473,184
Operating lease, liability2
Liabilities, other than long-term debt15161235535461
Asset retirement obligations107432473839
Other liabilities   2662
Derivative instruments and hedges, liabilities59800919
Total noncurrent liabilities:162161235533,8003,244
Total liabilities:2681781622423494,5453,909
Temporary equity, carrying amount    184117 
Stockholders' equity
Stockholders' equity attributable to parent3171,1971,072113521,7721,448
Common stock0000000
Additional paid in capital3271,0951,0165933,2832,9952,954
Retained earnings (accumulated deficit)(10)10256(480)(3,231)(1,223)(1,506)
Total stockholders' equity:3171,1971,072113521,7721,448
Other undisclosed liabilities and equity 7094099652,874  
TOTAL LIABILITIES AND EQUITY:5852,0841,6441,3203,4596,4345,356

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
Revenues 227378 5501,1481,000
Revenue, net376 5481,146996
Cost of revenue (191)(264) (576)(848)(771)
Cost of goods and services sold (25)(62) (104)(130)(139)
Gross profit: 36114 (26)301229
Operating expenses 56601 (2,719)(359)(1,520)
Operating income (loss): 92715 (2,745)(58)(1,291)
Nonoperating income (expense) 50(185) 831373(89)
Investment income, nonoperating 931 310519(31)
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: 140529 (1,914)311(1,380)
Other undisclosed income from continuing operations before income taxes 12  4 
Income (loss) from continuing operations before income taxes: 142531 (1,914)315(1,380)
Income tax expense (benefit) (96)5 (9)1158
Net income (loss): 46536 (1,923)316(1,223)
Other undisclosed net income attributable to parent 0     
Net income (loss) attributable to parent: 46536 (1,923)316(1,223)
Preferred stock dividends and other adjustments    (84)(13) 
Other undisclosed net loss available to common stockholders, basic  (48)  (20)(11)
Net income (loss) available to common stockholders, diluted: 46488 (2,007)283(1,233)

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): 46536 (1,923)316(1,223)
Comprehensive income (loss), net of tax, attributable to parent: 46536 (1,923)316(1,223)

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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