PDC Energy, Inc. (PDCE) financial statements (2021 and earlier)

Company profile

Business Address 1775 SHERMAN STREET
DENVER, CO 80203
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3111812441
Cash and cash equivalents3111812441
Receivables244266181198143104
Inventory, net of allowances, customer advances and progress billings     1
Inventory     1
Derivative instruments and hedges, assets492884149222
Assets held-for-sale, not part of disposal group     3
Other undisclosed current assets1397942
Total current assets:308304274401400332
Noncurrent Assets
Oil and gas property, successful effort method4,8594,0954,0033,9334,0081,938
Intangible assets, net (including goodwill)    62 
Goodwill    62 
Derivative instruments and hedges10494 244
Other noncurrent assets614632451354
Other undisclosed noncurrent assets  14140 3
Total noncurrent assets:4,9304,1454,2704,0194,0862,038
TOTAL ASSETS:5,2384,4494,5444,4204,4862,371
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities187205271227143130
Accounts payable91991821506693
Accrued liabilities827075433929
Employee-related liabilities 22 2222 
Interest and dividends payable15141412169
Debt2016221113
Deferred compensation liability     0
Derivative instruments and hedges, liabilities983379542
Accrued environmental loss contingencies 2 134
Asset retirement obligation3432 1610(5)
Other undisclosed current liabilities260113165926057
Total current liabilities:780361441418271301
Noncurrent Liabilities
Long-term debt and lease obligation1,4101,1771,1951,1521,044529
Long-term debt, excluding current maturities1,4101,1771,1951,1521,044529
Liabilities, other than long-term debt433379377343549253
Asset retirement obligations1339585718384
Deferred tax liabilities, net198192401143
Other liabilities26428393573724
Derivative instruments and hedges, liabilities361122281
Other undisclosed noncurrent liabilities 1964   
Total noncurrent liabilities:1,8431,7521,5761,4951,593782
Total liabilities:2,6222,1132,0171,9121,8631,083
Stockholders' equity
Stockholders' equity attributable to parent2,6162,3362,5272,5082,6231,287
Common stock111110
Treasury stock, value(1)(1)(2)(3)(2)(1)
Additional paid in capital3,3882,3842,5192,5032,490907
Retained earnings (accumulated deficit)(772)(48)97134380
Total stockholders' equity:2,6162,3362,5272,5082,6231,287
TOTAL LIABILITIES AND EQUITY:5,2384,4494,5444,4204,4862,371

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,3391,1561,549922383595
Revenue, net913506390
Cost of revenue(929)(908)(810)(646)(524)(241)
Gross profit:411248739275(142)354
Operating expenses(1,054)(237)(661)(513)(191)(418)
Other operating expense, net
(Other Expenses)
(10)     
Other undisclosed operating income10     
Operating income (loss):(644)1178(238)(332)(64)
Interest and debt expense(89)(71)(71)(103)(62)(48)
Other undisclosed income from continuing operations before equity method investments, income taxes 00215
Income (loss) from continuing operations before income taxes:(732)(60)7(339)(393)(107)
Income tax expense (benefit)83(5)21214738
Net income (loss) available to common stockholders, diluted:(724)(57)2(128)(246)(68)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(724)(57)2(128)(246)(68)
Comprehensive income (loss), net of tax, attributable to parent:(724)(57)2(128)(246)(68)

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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