MIDSTATES PETROLEUM COMPANY, INC. (MPO) financial statements (2021 and earlier)

Company profile

Business Address 500 DALLAS STREET
HOUSTON, TX 77002
State of Incorp.
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 investments10 1168778112
Cash and cash equivalents10 1168778112
Restricted cash and investments 0     
Receivables31332433395191
Derivative instruments and hedges, assets 671  127
Other current assets  22311
Other undisclosed current assets16132341342
Total current assets:575346107124146273
Noncurrent Assets
Operating lease, right-of-use asset34
Property, plant and equipment317804 5746325242,123
Oil and gas property, full cost method      3,443
Derivative instruments and hedges161    
Restricted cash and investments55     
Deferred costs      38
Other noncurrent assets36575944
Deferred tax assets, net    36
Other undisclosed noncurrent assets      (3,480)
Total noncurrent assets:32882565816375332,203
Other undisclosed assets  553    
TOTAL ASSETS:3858786056887616792,476
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities233232545694232
Accounts payable187123223
Accrued liabilities232326435492184
Taxes payable      4
Interest and dividends payable      22
Debt     1,891 
Derivative instruments and hedges, liabilities110 3   
Deferred tax liabilities    45
Other undisclosed current liabilities2329    (26)
Total current liabilities:57613258561,985251
Noncurrent Liabilities
Long-term debt and lease obligation26128823128128 1,735
Long-term debt, excluding current maturities26128523128128 1,735
Operating lease, liability03
Liabilities, other than long-term debt10195917152123
Asset retirement obligations9790816141922
Other liabilities3411122
Derivative instruments and hedges, liabilities1001   
Total noncurrent liabilities:36238232145143211,758
Total liabilities:418443642031992,0052,010
Stockholders' equity
Stockholders' equity attributable to parent, including:(34)434542486562(1,326)466
Common stock0000001
Treasury stock, value  (2)(2) (3)(3)
Additional paid in capital424424532525514888882
Retained earnings (accumulated deficit)(463)5(25)(75)10(2,211)(414)
Warrants and rights outstanding55373737  
Other undisclosed stockholders' equity attributable to parent      0
Total stockholders' equity:(34)434542486562(1,326)466
TOTAL LIABILITIES AND EQUITY:3858786056887616792,476

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
Revenues202276209229 365794
Revenue, net229 365794
Cost of revenue(133)(224) (15) (16)(13)
Cost of goods and services sold   (15) (16)(13)
Gross profit:6951209214 350781
Operating expenses(511)(63)(154)(308) (2,009)(533)
Other operating income (expense), net0(1)    (5)
Other expenses      (5)
Other undisclosed operating income (loss)(0)1 15 1619
Operating income (loss):(442)(12)54(79) (1,644)261
Nonoperating expense(21)(22)(4)(6) (163)(138)
Investment income, nonoperating  00  139
Interest and debt expense  (5)(6) (163)(138)
Other undisclosed income from continuing operations before equity method investments, income taxes     163138
Income (loss) from continuing operations before equity method investments, income taxes:(463)(34)45(91) (1,807)123
Other undisclosed income from continuing operations before income taxes  56   
Income (loss) from continuing operations before income taxes:(463)(34)50(85) (1,807)123
Income tax expense (benefit)(0)0   10(6)
Income (loss) before gain (loss) on sale of properties:(463)(34)50(85) (1,797)117
Other undisclosed net loss(1)(1)     
Net income (loss) attributable to parent:(464)(35)50(85) (1,797)117
Preferred stock dividends and other adjustments     (1)(10)
Other undisclosed net loss available to common stockholders, basic  (1)   (39)
Net income (loss) available to common stockholders, diluted:(464)(35)48(85) (1,798)67

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):(464)(35)50(85) (1,797)117
Comprehensive income (loss), net of tax, attributable to parent:(464)(35)50(85) (1,797)117

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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