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 investments46474240844
Cash and cash equivalents46474240844
Restricted cash and investments    01716
Receivables32503743148174425
Inventory, net of allowances, customer advances and progress billings     55
Inventory     55
Prepaid expense1244756
Derivative instruments and hedges, assets955716349353
Deferred tax assets    (137)
Other current assets0000000
Other undisclosed current assets29    (9)
Total current assets:4871145472161557703
Noncurrent Assets
Operating lease, right-of-use asset03
Property, plant and equipment231229738108112
Oil and gas property, full cost method2905061,8021,0731,1202,7685,268
Long-term investments and receivables     04
Long-term investments     04
Derivative instruments and hedges4012  17151
Deferred costs     856
Other noncurrent assets20     
Deferred tax assets, net    137
Other undisclosed noncurrent assets 122224
Total noncurrent assets:2995141,9391,1721,1592,9025,732
TOTAL ASSETS:3465852,0841,6441,3203,4596,434
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5997158131186295608
Accounts payable23366936244761
Accrued liabilities000002030
Employee-related liabilities33310333
Taxes payable    09 
Interest and dividends payable011711318883
Other undisclosed accounts payable and accrued liabilities32576874127127431
Debt21     
Derivative instruments and hedges, liabilities22841916  
Asset retirement obligation 00  00
Deferred tax liabilities    137
Other liabilities    5  
Other undisclosed current liabilities0      
Total current liabilities:83106162150208295745
Noncurrent Liabilities
Long-term debt and lease obligation158146    3,747
Long-term debt, excluding current maturities158144    3,747
Operating lease, liability 2
Liabilities, other than long-term debt15151612355354
Asset retirement obligations111074324738
Other liabilities    266
Derivative instruments and hedges, liabilities4598009
Total noncurrent liabilities:173162161235533,800
Total liabilities:2572681781622423494,545
Temporary equity, carrying amount     184117
Stockholders' equity
Stockholders' equity attributable to parent903171,1971,072113521,772
Common stock0000000
Additional paid in capital3303271,0951,0165933,2832,995
Retained earnings (accumulated deficit)(240)(10)10256(480)(3,231)(1,223)
Total stockholders' equity:903171,1971,072113521,772
Other undisclosed liabilities and equity  7094099652,874 
TOTAL LIABILITIES AND EQUITY:3465852,0841,6441,3203,4596,434

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
Revenues148 227378 5501,148
Revenue, net376 5481,146
Cost of revenue(173) (191)(264) (576)(848)
Cost of goods and services sold  (25)(62) (104)(130)
Gross profit:(25) 36114 (26)301
Operating expenses(237) 56601 (2,719)(359)
Operating income (loss):(262) 92715 (2,745)(58)
Nonoperating income (expense)32 50(185) 831373
Investment income, nonoperating39 931 310519
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) 140529 (1,914)311
Other undisclosed income from continuing operations before income taxes  12  4
Income (loss) from continuing operations before income taxes:(230) 142531 (1,914)315
Income tax expense (benefit)  (96)5 (9)1
Net income (loss):(230) 46536 (1,923)316
Other undisclosed net income attributable to parent  0    
Net income (loss) attributable to parent:(230) 46536 (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) 46488 (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) 46536 (1,923)316
Comprehensive income (loss), net of tax, attributable to parent:(230) 46536 (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.

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