MEMORIAL RESOURCE DEVELOPMENT CORP. (MRD) financial statements (2020 and earlier)

Company profile

Business Address 500 DALLAS STREET
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)

12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments26
Cash and cash equivalents26
Receivables114132
Derivative instruments and hedges, assets500340
Deferred tax assets (52)
Other undisclosed current assets5980
Total current assets:676506
Noncurrent Assets
Property, plant and equipment 34
Oil and gas property, successful effort method3,6913,538
Derivative instruments and hedges553435
Regulated entity, other noncurrent assets 44
Restricted cash and investments15378
Other noncurrent assets1037
Deferred tax assets, net (95)
Other undisclosed noncurrent assets 17
Total noncurrent assets:4,4074,088
TOTAL ASSETS:5,0834,594
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities156310
Accounts payable3426
Accrued liabilities122199
Taxes payable 61
Interest and dividends payable 25
Derivative instruments and hedges, liabilities33
Accrued environmental loss contingencies 2
Asset retirement obligation1 
Due to related parties51
Deferred tax liabilities 52
Other undisclosed current liabilities60(83)
Total current liabilities:225286
Noncurrent Liabilities
Long-term debt and lease obligation3,013 
Long-term debt, excluding current maturities3,013 
Liabilities, other than long-term debt378226
Asset retirement obligations173123
Deferred tax liabilities, net19695
Other liabilities79
Derivative instruments and hedges, liabilities1 
Other undisclosed noncurrent liabilities 2,378
Total noncurrent liabilities:3,3902,605
Total liabilities:3,6152,891
Stockholders' equity
Stockholders' equity attributable to parent823582
Common stock22
Additional paid in capital1,5611,367
Accumulated deficit(740)(787)
Stockholders' equity attributable to noncontrolling interest6451,121
Total stockholders' equity:1,4681,703
TOTAL LIABILITIES AND EQUITY:5,0834,594

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

12/31/2015
12/31/2014
Revenues
(Revenue, Net)
732899
Cost of revenue
(Cost of Goods and Services Sold)
(301)(161)
Gross profit:432738
Operating expenses(736)(1,354)
Other operating income, net1 
Other undisclosed operating income258252
Operating loss:(45)(364)
Nonoperating expense(155)(171)
Investment income, nonoperating 1,500
Interest and debt expense(9)(45)
Other undisclosed income from continuing operations before equity method investments, income taxes 45
Loss from continuing operations before equity method investments, income taxes:(209)(535)
Other undisclosed income from continuing operations before income taxes9 
Loss from continuing operations before income taxes:(200)(535)
Income tax expense(98)(101)
Net loss:(298)(636)
Net income (loss) attributable to noncontrolling interest394(127)
Other undisclosed net income attributable to parent 127
Net income (loss) attributable to parent:96(636)
Other undisclosed net loss available to common stockholders, basic(1)(149)
Net income (loss) available to common stockholders, diluted:95(785)

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
Net loss:(298)(636)
Comprehensive loss:(298)(636)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest394(127)
Comprehensive income (loss), net of tax, attributable to parent:96(763)

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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