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 investments | 3 | 1 | 1 | 181 | 244 | 1 | ||
| Cash and cash equivalents | 3 | 1 | 1 | 181 | 244 | 1 | ||
| Receivables | 244 | 266 | 181 | 198 | 143 | 104 | ||
| Inventory, net of allowances, customer advances and progress billings | 1 | |||||||
| Inventory | 1 | |||||||
| Derivative instruments and hedges, assets | 49 | 28 | 84 | 14 | 9 | 222 | ||
| Assets held-for-sale, not part of disposal group | 3 | |||||||
| Other undisclosed current assets | 13 | 9 | 7 | 9 | 4 | 2 | ||
| Total current assets: | 308 | 304 | 274 | 401 | 400 | 332 | ||
| Noncurrent Assets | ||||||||
| Oil and gas property, successful effort method | 4,859 | 4,095 | 4,003 | 3,933 | 4,008 | 1,938 | ||
| Intangible assets, net (including goodwill) | 62 | |||||||
| Goodwill | 62 | |||||||
| Derivative instruments and hedges | 10 | 4 | 94 | 2 | 44 | |||
| Other noncurrent assets | 61 | 46 | 32 | 45 | 13 | 54 | ||
| Other undisclosed noncurrent assets | 141 | 40 | 3 | |||||
| Total noncurrent assets: | 4,930 | 4,145 | 4,270 | 4,019 | 4,086 | 2,038 | ||
| TOTAL ASSETS: | 5,238 | 4,449 | 4,544 | 4,420 | 4,486 | 2,371 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 187 | 205 | 271 | 227 | 143 | 130 | ||
| Accounts payable | 91 | 99 | 182 | 150 | 66 | 93 | ||
| Accrued liabilities | 82 | 70 | 75 | 43 | 39 | 29 | ||
| Employee-related liabilities | 22 | 22 | 22 | |||||
| Interest and dividends payable | 15 | 14 | 14 | 12 | 16 | 9 | ||
| Debt | 201 | 6 | 2 | 2 | 1 | 113 | ||
| Deferred compensation liability | 0 | |||||||
| Derivative instruments and hedges, liabilities | 98 | 3 | 3 | 79 | 54 | 2 | ||
| Accrued environmental loss contingencies | 2 | 1 | 3 | 4 | ||||
| Asset retirement obligation | 34 | 32 | 16 | 10 | (5) | |||
| Other undisclosed current liabilities | 260 | 113 | 165 | 92 | 60 | 57 | ||
| Total current liabilities: | 780 | 361 | 441 | 418 | 271 | 301 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 1,410 | 1,177 | 1,195 | 1,152 | 1,044 | 529 | ||
| Long-term debt, excluding current maturities | 1,410 | 1,177 | 1,195 | 1,152 | 1,044 | 529 | ||
| Liabilities, other than long-term debt | 433 | 379 | 377 | 343 | 549 | 253 | ||
| Asset retirement obligations | 133 | 95 | 85 | 71 | 83 | 84 | ||
| Deferred tax liabilities, net | ✕ | ✕ | 198 | 192 | 401 | 143 | ||
| Other liabilities | 264 | 283 | 93 | 57 | 37 | 24 | ||
| Derivative instruments and hedges, liabilities | 36 | 1 | 1 | 22 | 28 | 1 | ||
| Other undisclosed noncurrent liabilities | 196 | 4 | ||||||
| Total noncurrent liabilities: | 1,843 | 1,752 | 1,576 | 1,495 | 1,593 | 782 | ||
| Total liabilities: | 2,622 | 2,113 | 2,017 | 1,912 | 1,863 | 1,083 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 2,616 | 2,336 | 2,527 | 2,508 | 2,623 | 1,287 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 0 | ||
| Treasury stock, value | (1) | (1) | (2) | (3) | (2) | (1) | ||
| Additional paid in capital | 3,388 | 2,384 | 2,519 | 2,503 | 2,490 | 907 | ||
| Retained earnings (accumulated deficit) | (772) | (48) | 9 | 7 | 134 | 380 | ||
| Total stockholders' equity: | 2,616 | 2,336 | 2,527 | 2,508 | 2,623 | 1,287 | ||
| TOTAL LIABILITIES AND EQUITY: | 5,238 | 4,449 | 4,544 | 4,420 | 4,486 | 2,371 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 1,339 | 1,156 | 1,549 | 922 | 383 | 595 | |
| Revenue, net | ✕ | ✕ | ✕ | 913 | 506 | 390 | |
| Cost of revenue | (929) | (908) | (810) | (646) | (524) | (241) | |
| Gross profit: | 411 | 248 | 739 | 275 | (142) | 354 | |
| Operating expenses | (1,054) | (237) | (661) | (513) | (191) | (418) | |
| Other operating expense, net (Other Expenses) | (10) | ||||||
| Other undisclosed operating income | 10 | ||||||
| Operating income (loss): | (644) | 11 | 78 | (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 | 0 | 0 | 2 | 1 | 5 | ||
| Income (loss) from continuing operations before income taxes: | (732) | (60) | 7 | (339) | (393) | (107) | |
| Income tax expense (benefit) | 8 | 3 | (5) | 212 | 147 | 38 | |
| 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.