Parsley Energy, Inc. (PE) financial statements (2021 and earlier)

Company profile

Business Address 303 COLORADO STREET
AUSTIN, TX 78701
State of Incorp. TX
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)

9/30/2020
TTM
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 investments 2116370313334351
Cash and cash equivalents 2116355413334351
Short-term investments   149   
Restricted cash and investments    31 
Receivables 241175166723764
Derivative instruments and hedges, assets 12819142408381
Disposal group, including discontinued operation   2   
Other current assets 911751245
Other undisclosed current assets      4
Total current assets: 398541919299488204
Noncurrent Assets
Property, plant and equipment 9,3248,8247,8353,6171,9861,761
Oil and gas property, successful effort method      1,745
Long-term investments and receivables      2
Long-term investments      2
Derivative instruments and hedges  2016162671
Disposal group, including discontinued operation, noncurrent assets   15   
Deferred costs     1113
Other noncurrent assets 578630
Other undisclosed noncurrent assets 129    (3,505)
Total noncurrent assets: 9,4588,8517,8743,6392,02686
Other undisclosed assets      1,761
TOTAL ASSETS: 9,8569,3918,7933,9392,5142,051
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 416365408162151140
Other undisclosed accounts payable and accrued liabilities 416365408162151140
Debt  226711
Derivative instruments and hedges, liabilities 15915285443529
Asset retirement obligation 52725 
Deferred tax liabilities    13
Other undisclosed current liabilities 216127110693738
Total current liabilities: 796649612345228221
Noncurrent Liabilities
Long-term debt and lease obligation 2,1832,1822,1801,041556677
Long-term debt, excluding current maturities 2,1832,1822,1801,041556677
Liabilities, other than long-term debt 214173622892110
Asset retirement obligations 212520101416
Deferred tax liabilities, net1931322156362
Disposal group, including discontinued operation, liabilities   0   
Other liabilities 0    0
Derivative instruments and hedges, liabilities  1721131531
Other undisclosed noncurrent liabilities 1416858945251
Total noncurrent liabilities: 2,5382,4232,3001,164699838
Total liabilities: 3,3343,0722,9121,5089281,059
Stockholders' equity
Stockholders' equity attributable to parent, including: 5,7575,5684,7122,0901,264707
Treasury stock, value (17)(12)(1)(0)(0) 
Additional paid in capital 5,2015,1644,6662,1511,252645
Retained earnings (accumulated deficit) 57141344(63)1161
Other undisclosed stockholders' equity attributable to parent 333221
Stockholders' equity attributable to noncontrolling interest 7657521,168341322285
Total stockholders' equity: 6,5236,3205,8812,4301,587992
TOTAL LIABILITIES AND EQUITY: 9,8569,3918,7933,9392,5142,051

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 1,9591,826967458266300
Revenue, net967458266302
Cost of revenue
(Cost of Goods and Services Sold)
 (41) (1)(59)(4)(38)
Gross profit: 1,9181,826966398262262
Operating expenses (1,422)(1,199)(700)(427)(341)(246)
Other undisclosed operating income 41 159438
Operating income (loss): 53762826731(75)54
Nonoperating income (expense) (265)(76)(137)(137)(22)39
Interest and debt expense   (4)  (3)
Other undisclosed income from continuing operations before equity method investments, income taxes   4 03
Income (loss) from continuing operations before equity method investments, income taxes: 272551130(106)(97)93
Income from equity method investments      0
Other undisclosed loss from continuing operations before income taxes     (0) 
Income (loss) from continuing operations before income taxes: 272551130(106)(97)94
Income tax expense (benefit) (61)(105)(6)1724(36)
Income (loss) before gain (loss) on sale of properties: 210446124(89)(73)57
Other undisclosed net loss      (0)
Net income (loss): 210446124(89)(73)57
Net income (loss) attributable to noncontrolling interest (35)(77)(17)1523(33)
Net income (loss) available to common stockholders, basic: 175369107(74)(50)23
Dilutive securities, effect on basic earnings per share   18   
Net income (loss) available to common stockholders, diluted: 175369124(74)(50)23

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): 210446124(89)(73)57
Comprehensive income (loss): 210446124(89)(73)57
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (35)(77)(17)1523(33)
Comprehensive income (loss), net of tax, attributable to parent: 175369107(74)(50)23

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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