Newfield Exploration Co (NFX) financial statements (2021 and earlier)

Company profile

Business Address 4 WATERWAY SQUARE PLACE
THE WOODLANDS, TX 77380
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)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3265805149588
Cash and cash equivalents3265555149588
Short-term investments 25    
Receivables292232262405474452
Inventory, net of allowances, customer advances and progress billings15163433163132
Inventory15163433163132
Derivative instruments and hedges, assets1575284431 125
Disposal group, including discontinued operation    447 
Prepaid expense and other current assets69
Deferred tax assets    22(42)
Other current assets9846405757
Other undisclosed current assets    (357)42
Total current assets:746949625940901866
Noncurrent Assets
Property, plant and equipment    8,2756,902
Oil and gas property, full cost method   8,232  
Long-term investments and receivables241920266358
Long-term investments241920266358
Derivative instruments and hedges1 1051902617
Restricted cash and investments4025    
Deferred costs7659  
Other noncurrent assets5112272837
Prepaid expense and other noncurrent assets45
Assets of disposal group, including discontinued operation1,012 
Deferred tax assets, net   (1,484)(1,123)(910)
Other undisclosed noncurrent assets4,0923,3013,9861,657130934
Total noncurrent assets:4,2153,3634,1438,6588,4207,046
TOTAL ASSETS:4,9614,3124,7689,5989,3217,912
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6375315749121,054870
Accounts payable463341327669
Accrued liabilities591498533880978801
Derivative instruments and hedges, liabilities9897138626
Asset retirement obligation32235410
Disposal group, including discontinued operation    429 
Deferred tax liabilities   144 42
Other undisclosed current liabilities80545834(309)31
Total current liabilities:8186846471,1011,290959
Noncurrent Liabilities
Long-term debt and lease obligation2,4342,4312,4672,8923,6943,045
Long-term debt, excluding current maturities2,4342,4312,4672,8923,6943,045
Liabilities, other than long-term debt3012592751,7121,6071,128
Asset retirement obligations130154192183201132
Deferred tax liabilities, net7639261,4841,142934
Disposal group, including discontinued operation, liabilities    226 
Other liabilities696348453847
Derivative instruments and hedges, liabilities2639  15
Other undisclosed noncurrent liabilities    (226) 
Total noncurrent liabilities:2,7352,6902,7424,6045,0754,173
Total liabilities:3,5533,3743,3895,7056,3655,132
Stockholders' equity
Stockholders' equity attributable to parent1,4089381,3793,8932,9562,780
Common stock222111
Treasury stock, value(59)(44)(22)(10)(13)(36)
Additional paid in capital3,3033,2472,4361,5761,5391,522
Accumulated other comprehensive income (loss) (2)(2)(1)2(7)
Retained earnings (accumulated deficit)(1,838)(2,265)(1,035)2,3271,4271,300
Total stockholders' equity:1,4089381,3793,8932,9562,780
TOTAL LIABILITIES AND EQUITY:4,9614,3124,7689,5989,3217,912

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
1,767    2,567
Cost of revenue
(Cost of Goods and Services Sold)
(2)(1)(5)(9) (522)
Gross profit:1,765(1)(5)(9) 2,045
Operating expenses(1,252)(1,028)(4,904)(130)(27)(3,534)
Other undisclosed operating income2    522
Operating income (loss):515(1,029)(4,909)(139)(27)(967)
Nonoperating income (expense)(129)(186)245610(249)(21)
Investment income, nonoperating(47)(191)25961033
Other nonoperating income (expense)75(14)  (4)
Interest and debt expense(150)(154)(8)(3)(205)(205)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes150161(275)564651205
Income (loss) from continuing operations before income taxes:386(1,208)(4,947)1,032170(988)
Income tax expense (benefit)41(22)1,585(382)(62)(196)
Income (loss) from continuing operations:427(1,230)(3,362)650108(1,184)
Income (loss) from discontinued operations   250(167) 
Net income (loss):427(1,230)(3,362)900(59)(1,184)
Other undisclosed net income attributable to parent    206 
Net income (loss) attributable to parent:427(1,230)(3,362)900147(1,184)
Preferred stock dividends and other adjustments    (20) 
Net income (loss) available to common stockholders, diluted:427(1,230)(3,362)900127(1,184)

Comprehensive Income ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):427(1,230)(3,362)900(59)(1,184)
Other comprehensive loss  (1)(3)  
Comprehensive income (loss):427(1,230)(3,363)897(59)(1,184)
Other undisclosed comprehensive income, net of tax, attributable to parent2   2153
Comprehensive income (loss), net of tax, attributable to parent:429(1,230)(3,363)897156(1,181)

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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