PDC Energy, Inc. (PDCE) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34311181244
Cash and cash equivalents34311181244
Receivables399244266181198143
Derivative instruments and hedges, assets 492884149
Other undisclosed current assets26139794
Total current assets:459308304274401400
Noncurrent Assets
Oil and gas property, successful effort method4,8154,8594,0954,0033,9334,008
Intangible assets, net (including goodwill)     62
Goodwill     62
Derivative instruments and hedges 10494 2
Other noncurrent assets486146324513
Other undisclosed noncurrent assets15  14140 
Total noncurrent assets:4,8784,9304,1454,2704,0194,086
TOTAL ASSETS:5,3375,2384,4494,5444,4204,486
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities230187205271227143
Accounts payable128919918215066
Accrued liabilities918270754339
Employee-related liabilities  22 2222
Interest and dividends payable101514141216
Debt12016221
Derivative instruments and hedges, liabilities 98337954
Accrued environmental loss contingencies  2 13
Asset retirement obligation323432 1610
Other undisclosed current liabilities6572601131659260
Total current liabilities:920780361441418271
Noncurrent Liabilities
Long-term debt and lease obligation9481,4101,1771,1951,1521,044
Long-term debt, excluding current maturities9421,4101,1771,1951,1521,044
Finance lease, liability2  
Operating lease, liability4  
Liabilities, other than long-term debt469433379377343549
Asset retirement obligations12813395857183
Deferred tax liabilities, net198192401
Deferred income tax liabilities26  
Other liabilities315264283935737
Derivative instruments and hedges, liabilities 36112228
Other undisclosed noncurrent liabilities89 1964  
Total noncurrent liabilities:1,5061,8431,7521,5761,4951,593
Total liabilities:2,4262,6222,1132,0171,9121,863
Stockholders' equity
Stockholders' equity attributable to parent2,9102,6162,3362,5272,5082,623
Common stock111111
Treasury stock, value(3)(1)(1)(2)(3)(2)
Additional paid in capital3,1623,3882,3842,5192,5032,490
Retained earnings (accumulated deficit)(250)(772)(48)97134
Total stockholders' equity:2,9102,6162,3362,5272,5082,623
TOTAL LIABILITIES AND EQUITY:5,3375,2384,4494,5444,4204,486

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,8561,3391,1561,549922383
Revenue, net913506
Cost of revenue(1,084)(929)(908)(810)(646)(524)
Gross profit:772411248739275(142)
Operating expenses(140)(1,054)(237)(661)(513)(191)
Other operating expense, net
(Other Expenses)
(2)(10)    
Other undisclosed operating income210    
Operating income (loss):632(644)1178(238)(332)
Interest and debt expense(83)(89)(71)(71)(103)(62)
Other undisclosed income from continuing operations before equity method investments, income taxes  0021
Income (loss) from continuing operations before income taxes:549(732)(60)7(339)(393)
Income tax expense (benefit)(27)83(5)212147
Net income (loss) available to common stockholders, diluted:522(724)(57)2(128)(246)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):522(724)(57)2(128)(246)
Comprehensive income (loss), net of tax, attributable to parent:522(724)(57)2(128)(246)

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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