Oasis Petroleum Inc. (OAS) financial statements (2021 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)

12/31/2020
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 investments16202217111046
Cash and cash equivalents16202217111046
Restricted cash and investments4      
Receivables207371388364204197306
Inventory, net of allowances, customer advances and progress billings34353319111121
Inventory34353319111121
Prepaid expense10101188714
Derivative instruments and hedges, assets0110000140302
Other current assets1000407
Other undisclosed current assets  0   0
Total current assets:272437554408239365697
Noncurrent Assets
Inventory, Noncurrent15141212   
Finance lease, right-of-use asset3 
Operating lease, right-of-use asset618
Property, plant and equipment1,7296,9787,0276,1735,9205,2185,187
Oil and gas property, successful effort method(12)    (1,428)4,923
Intangible assets, net (including goodwill)114      
Goodwill71      
Intangible assets, net (excluding goodwill)44      
Derivative instruments and hedges 170 1613
Disposal group, including discontinued operation, noncurrent assets622   27 
Deferred costs     43 
Other noncurrent assets182926222123 
Other undisclosed noncurrent assets9    1,386(4,881)
Total noncurrent assets:1,8877,0627,0726,2075,9405,2845,242
TOTAL ASSETS:2,1597,4997,6266,6156,1795,6495,938
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities131336390289163227481
Accounts payable318201351021
Accrued liabilities126281332236119168410
Interest and dividends payable1373839394950
Debt29     
Derivative instruments and hedges, liabilities5720011660  
Asset retirement obligation2100111
Deferred tax liabilities    97
Other liabilities23 0107 
Other undisclosed current liabilities148235222219147137216
Total current liabilities:341603612623381371795
Noncurrent Liabilities
Long-term debt and lease obligation7122,7292,7352,0982,2972,3032,700
Long-term debt, excluding current maturities7102,7122,7352,0982,2972,3032,700
Operating lease, liability218
Liabilities, other than long-term debt933306075577657571
Asset retirement obligations46565249493542
Deferred tax liabilities, net  514608527
Deferred income tax liabilities1267
Disposal group, including discontinued operation, liabilities     10 
Other liabilities8686332
Derivative instruments and hedges, liabilities38002012  
Other undisclosed noncurrent liabilities  300306   
Total noncurrent liabilities:8053,0593,0952,4782,8742,9593,271
Total liabilities:1,1463,6623,7073,1023,2553,3304,066
Stockholders' equity
Stockholders' equity attributable to parent, including:9163,6363,7353,3762,9232,3191,872
Common stock0333211
Treasury stock, value (34)(29)(22)(16)(14) 
Additional paid in capital9663,1123,0782,6772,3451,4971,007
Retained earnings (accumulated deficit)(50)554683718592835875
Other undisclosed stockholders' equity attributable to parent      (11)
Stockholders' equity attributable to noncontrolling interest97201184138   
Total stockholders' equity:1,0133,8373,9193,5142,9232,3191,872
TOTAL LIABILITIES AND EQUITY:2,1597,4997,6266,6156,1795,6495,938

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
Revenues1202,0722,3221,2487057901,476
Revenue, net1,2487057901,476
Cost of revenue(67)(1,748)(1,727)(998)(733)(761)(974)
Cost of goods and services sold   (340)(185)(176)(249)
Gross profit:53324595251(29)29502
Operating expenses(14)(165)(504)(109)(101)(143)42
Other undisclosed operating income (loss)0(4)292(1) 101
Operating income (loss):39154119144(131)(114)646
Nonoperating income (expense)(88)(278)(144)(220)(241)58169
Interest and debt expense(3)4(14)(147)5(150)(158)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes3(4)14147(5)150158
Income (loss) from continuing operations before income taxes:(49)(123)(25)(76)(372)(56)814
Income tax expense (benefit)333620312916(308)
Net income (loss):(46)(91)(20)127(243)(40)507
Net loss attributable to noncontrolling interest(4)(38)(16)(4)   
Net income (loss) available to common stockholders, diluted:(50)(128)(35)124(243)(40)507

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):(46)(91)(20)127(243)(40)507
Comprehensive income (loss):(46)(91)(20)127(243)(40)507
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(38)(16)(4)   
Comprehensive income (loss), net of tax, attributable to parent:(50)(128)(35)124(243)(40)507

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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