Penn Virginia Corporation (PVAC) financial statements (2021 and earlier)

Company profile

Business Address 16285 PARK TEN PLACE
HOUSTON, TX 77084
State of Incorp. VA
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
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments81811712623
Cash and cash equivalents81811712623
Receivables7269702948190194
Inventory, net of allowances, customer advances and progress billings3452362
Inventory3452362
Prepaid expense     44
Derivative instruments and hedges, assets435  981294
Other current assets45637106
Other undisclosed current assets(3)(4)(5)(2)(3)(10)0
Total current assets:881268739165335234
Noncurrent Assets
Property, plant and equipment1,1209285292473441,8252,237
Long-term investments and receivables     44
Long-term investments     44
Derivative instruments and hedges310   362
Deferred costs     2630
Other noncurrent assets729583035
Deferred tax assets, net 5    
Other undisclosed noncurrent assets 2   (30)(34)
Total noncurrent assets:1,1309435432533531,8912,273
TOTAL ASSETS:1,2181,0696302925182,2262,507
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1061049650104312248
Accounts payable4939451224  
Accrued liabilities4757443154  
Employee-related liabilities54331099
Taxes payable      5
Interest and dividends payable110016  
Other undisclosed accounts payable and accrued liabilities4244 303234
Debt    1,224  
Derivative instruments and hedges, liabilities2312813  10
Total current liabilities:129105124631,328312258
Noncurrent Liabilities
Long-term debt and lease obligation55551126525 1,1101,281
Long-term debt, excluding current maturities55551126525 1,1101,281
Liabilities, other than long-term debt1261919105153205
Pension and other postretirement defined benefit plans, liabilities33
Deferred compensation liability, classified     44
Asset retirement obligations     66
Deferred tax liabilities, net    5146
Restructuring reserve     1213
Other liabilities865410512433
Derivative instruments and hedges, liabilities3 1414   
Other undisclosed noncurrent liabilities1    (25)(26)
Total noncurrent liabilities:568517284441051,2381,460
Total liabilities:6976224081061,4331,5511,718
Stockholders' equity
Stockholders' equity attributable to parent, including:521447222186(915)676789
Preferred stock    341
Common stock000 110
Treasury stock, value    (4)(3)(3)
Additional paid in capital201198194 1,2111,206891
Accumulated other comprehensive income (loss)(0)0 (0)000
Retained earnings (accumulated deficit)32024927 (2,130)(535)(104)
Other undisclosed stockholders' equity attributable to parent   186333
Total stockholders' equity:521447222186(915)676789
TOTAL LIABILITIES AND EQUITY:1,2181,0696302925182,2262,507

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues471   305637431
Revenue, net  264516432
Cost of revenue(268)   (458)(511)(310)
Cost of goods and services sold(23)   (66)(67)(48)
Gross profit:203   (153)125121
Operating expenses(26)   (1,412)(741)(213)
Operating income (loss):177   (1,565)(616)(92)
Nonoperating income (expense)(68)   68164(21)
Investment income, nonoperating(68)   71162(21)
Interest and debt expense(36) (1) (91)(89)(108)
Income (loss) from continuing operations before income taxes:73 (1) (1,588)(541)(221)
Income tax expense (benefit)(2)(5)(5) 513278
Net income (loss):71(5)(6) (1,583)(410)(143)
Net income attributable to noncontrolling interest    1,583  
Net income (loss) attributable to parent:71(5)(6)  (410)(143)
Preferred stock dividends and other adjustments    (23)(4) 
Other undisclosed net loss available to common stockholders, basic    (3,166)(17)(7)
Net income (loss) available to common stockholders, basic:71(5)(6) (1,606)(431)(150)
Convertible preferred dividends     (17)(7)
Other undisclosed net income available to common stockholders, diluted      7
Net income (loss) available to common stockholders, diluted:71(5)(6) (1,606)(448)(150)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):71(5)(6) (1,583)(410)(143)
Other comprehensive income (loss)(0)   0(0)1
Comprehensive income (loss):70(5)(6) (1,583)(410)(142)
Comprehensive income, net of tax, attributable to noncontrolling interest    1,583  
Comprehensive income (loss), net of tax, attributable to parent:70(5)(6) 0(410)(142)

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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