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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20221711104692
Cash and cash equivalents20221711104692
Receivables371388364204197306176
Inventory, net of allowances, customer advances and progress billings35331911112121
Inventory35331911112121
Prepaid expense10118871410
Derivative instruments and hedges, assets1100001403022
Deferred tax assets     6
Other current assets0004070
Other undisclosed current assets 0   0140
Total current assets:437554408239365697448
Noncurrent Assets
Inventory, Noncurrent141212    
Operating lease, right-of-use asset18
Property, plant and equipment6,9787,0276,1735,9205,2185,1874,080
Oil and gas property, successful effort method    (1,428)4,923 
Derivative instruments and hedges170 16131
Disposal group, including discontinued operation, noncurrent assets22   27 
Deferred costs    43  
Other noncurrent assets2926222123  
Assets held-for-sale, long lived137
Other undisclosed noncurrent assets    1,386(4,881)46
Total noncurrent assets:7,0627,0726,2075,9405,2845,2424,264
TOTAL ASSETS:7,4997,6266,6156,1795,6495,9384,712
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities336390289163227481251
Accounts payable182013510219
Accrued liabilities281332236119168410242
Interest and dividends payable373839394950 
Debt9      
Derivative instruments and hedges, liabilities20011660  8
Asset retirement obligation100111 
Deferred tax liabilities    97 
Other liabilities3 0107  
Other undisclosed current liabilities235222219147137216207
Total current liabilities:603612623381371795466
Noncurrent Liabilities
Long-term debt and lease obligation2,7292,7352,0982,2972,3032,7002,536
Long-term debt, excluding current maturities2,7122,7352,0982,2972,3032,7002,536
Operating lease, liability18
Liabilities, other than long-term debt3306075577657571361
Asset retirement obligations56524949354236
Deferred tax liabilities, net  514608527323
Deferred income tax liabilities267
Disposal group, including discontinued operation, liabilities    10  
Other liabilities6863322
Derivative instruments and hedges, liabilities002012  0
Other undisclosed noncurrent liabilities 300306    
Total noncurrent liabilities:3,0593,0952,4782,8742,9593,2712,897
Total liabilities:3,6623,7073,1023,2553,3304,0663,363
Stockholders' equity
Stockholders' equity attributable to parent, including:3,6363,7353,3762,9232,3191,8721,349
Common stock3332111
Treasury stock, value(34)(29)(22)(16)(14)  
Additional paid in capital3,1123,0782,6772,3451,4971,007985
Retained earnings554683718592835875368
Other undisclosed stockholders' equity attributable to parent     (11)(5)
Stockholders' equity attributable to noncontrolling interest201184138    
Total stockholders' equity:3,8373,9193,5142,9232,3191,8721,349
TOTAL LIABILITIES AND EQUITY:7,4997,6266,6156,1795,6495,9384,712

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,0722,3221,2487057901,4761,200
Revenue, net1,2487057901,4761,200
Cost of revenue(1,748)(1,727)(998)(733)(761)(974)(553)
Cost of goods and services sold  (340)(185)(176)(249)(151)
Gross profit:324595251(29)29502647
Operating expenses(165)(504)(109)(101)(143)42(85)
Other undisclosed operating income (loss)(4)292(1) 101(58)
Operating income (loss):154119144(131)(114)646504
Nonoperating income (expense)(278)(144)(220)(241)58169(141)
Interest and debt expense4(14)(147)5(150)(158)(107)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(4)14147(5)150158107
Income (loss) from continuing operations before income taxes:(123)(25)(76)(372)(56)814363
Income tax expense (benefit)33620312916(308)(135)
Net income (loss):(91)(20)127(243)(40)507228
Net loss attributable to noncontrolling interest(38)(16)(4)    
Net income (loss) available to common stockholders, diluted:(128)(35)124(243)(40)507228

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(91)(20)127(243)(40)507228
Comprehensive income (loss):(91)(20)127(243)(40)507228
Comprehensive loss, net of tax, attributable to noncontrolling interest(38)(16)(4)    
Comprehensive income (loss), net of tax, attributable to parent:(128)(35)124(243)(40)507228

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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