Oasis Petroleum Inc. (OAS) financial statements (2022 and earlier)

Company profile

Business Address 1001 FANNIN 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments172162022171110
Cash and cash equivalents172162022171110
Restricted cash and investments 4     
Receivables377207371388364204197
Inventory, net of allowances, customer advances and progress billings29343533191111
Inventory29343533191111
Prepaid expense6101011887
Derivative instruments and hedges, assets 0110000140
Disposal group, including discontinued operation1,029      
Other current assets2100040
Other undisclosed current assets   0   
Total current assets:1,615272437554408239365
Noncurrent Assets
Inventory, Noncurrent1815141212  
Finance lease, right-of-use asset13 
Operating lease, right-of-use asset16618
Property, plant and equipment1,3201,7296,9787,0276,1735,9205,218
Oil and gas property, successful effort method(107)(12)    (1,428)
Intangible assets, net (including goodwill) 114     
Goodwill 71     
Intangible assets, net (excluding goodwill) 44     
Derivative instruments and hedges45 170 16
Disposal group, including discontinued operation, noncurrent assets 622   27
Deferred costs      43
Other noncurrent assets13182926222123
Other undisclosed noncurrent assets1069    1,386
Total noncurrent assets:1,4111,8877,0627,0726,2075,9405,284
TOTAL ASSETS:3,0272,1597,4997,6266,6156,1795,649
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities155131336390289163227
Accounts payable23182013510
Accrued liabilities151126281332236119168
Interest and dividends payable213738393949
Debt129    
Derivative instruments and hedges, liabilities895720011660 
Asset retirement obligation5210011
Disposal group, including discontinued operation700      
Other liabilities123 0107
Other undisclosed current liabilities274148235222219147137
Total current liabilities:1,225341603612623381371
Noncurrent Liabilities
Long-term debt and lease obligation3997122,7292,7352,0982,2972,303
Long-term debt, excluding current maturities3937102,7122,7352,0982,2972,303
Operating lease, liability7218
Liabilities, other than long-term debt181933306075577657
Asset retirement obligations58465652494935
Deferred tax liabilities, net  514608
Deferred income tax liabilities01267
Disposal group, including discontinued operation, liabilities      10
Other liabilities8868633
Derivative instruments and hedges, liabilities11538002012 
Other undisclosed noncurrent liabilities   300306  
Total noncurrent liabilities:5808053,0593,0952,4782,8742,959
Total liabilities:1,8051,1463,6623,7073,1023,2553,330
Stockholders' equity
Stockholders' equity attributable to parent1,0339163,6363,7353,3762,9232,319
Common stock0033321
Treasury stock, value(100) (34)(29)(22)(16)(14)
Additional paid in capital8639663,1123,0782,6772,3451,497
Retained earnings (accumulated deficit)270(50)554683718592835
Stockholders' equity attributable to noncontrolling interest18997201184138  
Total stockholders' equity:1,2221,0133,8373,9193,5142,9232,319
TOTAL LIABILITIES AND EQUITY:3,0272,1597,4997,6266,6156,1795,649

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,5801202,0722,3221,248705790
Revenue, net1,248705790
Cost of revenue(1,009)(67)(1,748)(1,727)(998)(733)(761)
Cost of goods and services sold    (340)(185)(176)
Gross profit:57153324595251(29)29
Operating expenses16(14)(165)(504)(109)(101)(143)
Other undisclosed operating income (loss)2230(4)292(1) 
Operating income (loss):80939154119144(131)(114)
Nonoperating income (expense)(621)(88)(278)(144)(220)(241)58
Interest and debt expense(31)(3)4(14)(147)5(150)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 3(4)14147(5)150
Income (loss) from continuing operations before equity method investments, income taxes:157(49)(123)(25)(76)(372)(56)
Other undisclosed income from continuing operations before income taxes31      
Income (loss) from continuing operations before income taxes:188(49)(123)(25)(76)(372)(56)
Income tax benefit1333620312916
Income (loss) before gain (loss) on sale of properties:189(46)(91)(20)127(243)(40)
Other undisclosed net income166      
Net income (loss):355(46)(91)(20)127(243)(40)
Net loss attributable to noncontrolling interest (4)(38)(16)(4)  
Other undisclosed net loss attributable to parent(36)      
Net income (loss) available to common stockholders, diluted:320(50)(128)(35)124(243)(40)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):355(46)(91)(20)127(243)(40)
Comprehensive income (loss):355(46)(91)(20)127(243)(40)
Comprehensive loss, net of tax, attributable to noncontrolling interest (4)(38)(16)(4)  
Comprehensive income (loss), net of tax, attributable to parent:355(50)(128)(35)124(243)(40)

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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