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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11181244116
Cash and cash equivalents11181244116
Receivables266181198143104131
Inventory, net of allowances, customer advances and progress billings    11
Inventory    11
Derivative instruments and hedges, assets2884149222187
Assets held-for-sale, not part of disposal group    3
Other undisclosed current assets979425
Total current assets:304274401400332341
Noncurrent Assets
Property, plant and equipment     1,800
Oil and gas property, successful effort method4,0954,0033,9334,0081,9381,800
Long-term investments and receivables     40
Accounts and financing receivable, after allowance for credit loss     40
Intangible assets, net (including goodwill)   62  
Goodwill   62  
Derivative instruments and hedges494 244113
Disposal group, including discontinued operation, noncurrent assets     3
Other noncurrent assets463245135484
Other undisclosed noncurrent assets 14140 3(1,840)
Total noncurrent assets:4,1454,2704,0194,0862,0382,000
TOTAL ASSETS:4,4494,5444,4204,4862,3712,341
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities205271227143130202
Accounts payable991821506693130
Accrued liabilities707543392963
Employee-related liabilities22 2222  
Interest and dividends payable1414121699
Debt6221113 
Deferred compensation liability    00
Derivative instruments and hedges, liabilities33795421
Accrued environmental loss contingencies2 1341
Asset retirement obligation32 1610(5)(2)
Deferred tax liabilities    59
Other undisclosed current liabilities11316592605749
Total current liabilities:361441418271301310
Noncurrent Liabilities
Long-term debt and lease obligation1,1771,1951,1521,044529665
Long-term debt, excluding current maturities1,1771,1951,1521,044529665
Liabilities, other than long-term debt379377343549253229
Asset retirement obligations958571838472
Deferred tax liabilities, net198192401143126
Liability, pension and other postretirement and postemployment benefits     1
Other liabilities2839357372430
Derivative instruments and hedges, liabilities11222810
Other undisclosed noncurrent liabilities1964   (1)
Total noncurrent liabilities:1,7521,5761,4951,593782893
Total liabilities:2,1132,0171,9121,8631,0831,203
Stockholders' equity
Stockholders' equity attributable to parent2,3362,5272,5082,6231,2871,137
Common stock111100
Treasury stock, value(1)(2)(3)(2)(1)(1)
Additional paid in capital2,3842,5192,5032,490907689
Retained earnings (accumulated deficit)(48)97134380449
Total stockholders' equity:2,3362,5272,5082,6231,2871,137
TOTAL LIABILITIES AND EQUITY:4,4494,5444,4204,4862,3712,341

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,1561,549922383595856
Revenue, net913506390543
Cost of revenue(908)(810)(646)(524)(241)(419)
Cost of goods and services sold  (33)(29)(22)(156)
Gross profit:248739275(142)354437
Operating expenses(237)(661)(513)(191)(418)(213)
Operating income (loss):1178(238)(332)(64)224
Interest and debt expense(71)(71)(103)(62)(48)(48)
Other undisclosed income from continuing operations before equity method investments, income taxes002151
Income (loss) from continuing operations before income taxes:(60)7(339)(393)(107)177
Income tax expense (benefit)3(5)21214738(70)
Net income (loss):(57)2(128)(246)(68)107
Other undisclosed net income attributable to parent     48
Net income (loss) available to common stockholders, diluted:(57)2(128)(246)(68)155

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(57)2(128)(246)(68)107
Comprehensive income (loss), net of tax, attributable to parent:(57)2(128)(246)(68)107

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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