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)

12/31/2020
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 investments13818117126
Cash and cash equivalents13818117126
Receivables437269702948190
Inventory, net of allowances, customer advances and progress billings4345236
Inventory4345236
Prepaid expense      4
Derivative instruments and hedges, assets79435  98129
Other current assets194563710
Other undisclosed current assets(4)(3)(4)(5)(2)(3)(10)
Total current assets:153881268739165335
Noncurrent Assets
Property, plant and equipment7241,1209285292473441,825
Long-term investments and receivables      4
Long-term investments      4
Derivative instruments and hedges25310   36
Deferred costs      26
Other noncurrent assets57295830
Deferred tax assets, net 5   
Other undisclosed noncurrent assets  2   (30)
Total noncurrent assets:7541,1309435432533531,891
TOTAL ASSETS:9071,2181,0696302925182,226
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:631061049650104312
Accounts payable234939451224 
Accrued liabilities314757443154 
Employee-related liabilities45433109
Interest and dividends payable1110016 
Other undisclosed accounts payable and accrued liabilities44244 303
Debt     1,224 
Derivative instruments and hedges, liabilities852312813  
Total current liabilities:148129105124631,328312
Noncurrent Liabilities
Long-term debt and lease obligation50955551126525 1,110
Long-term debt, excluding current maturities50955551126525 1,110
Liabilities, other than long-term debt371261919105153
Pension and other postretirement defined benefit plans, liabilities3
Deferred compensation liability, classified      4
Asset retirement obligations      6
Deferred tax liabilities, net    5
Restructuring reserve      12
Other liabilities88654105124
Derivative instruments and hedges, liabilities283 1414  
Other undisclosed noncurrent liabilities 1    (25)
Total noncurrent liabilities:546568517284441051,238
Total liabilities:6946976224081061,4331,551
Stockholders' equity
Stockholders' equity attributable to parent, including:213521447222186(915)676
Preferred stock     34
Common stock0000 11
Treasury stock, value     (4)(3)
Additional paid in capital203201198194 1,2111,206
Accumulated other comprehensive income (loss)(0)(0)0 (0)00
Retained earnings (accumulated deficit)932024927 (2,130)(535)
Other undisclosed stockholders' equity attributable to parent    18633
Total stockholders' equity:213521447222186(915)676
TOTAL LIABILITIES AND EQUITY:9071,2181,0696302925182,226

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues273471   305637
Revenue, net  264516
Cost of revenue(217)(268)   (458)(511)
Gross profit:57203   (153)125
Operating expenses(426)(26)   (1,412)(741)
Operating income (loss):(369)177   (1,565)(616)
Nonoperating income (expense)88(68)   68164
Investment income, nonoperating88(68)   71162
Interest and debt expense(31)(36) (1) (91)(89)
Income (loss) from continuing operations before income taxes:(313)73 (1) (1,588)(541)
Income tax expense (benefit)2(2)(5)(5) 5132
Net income (loss):(311)71(5)(6) (1,583)(410)
Net income attributable to noncontrolling interest     1,583 
Net income (loss) attributable to parent:(311)71(5)(6)  (410)
Preferred stock dividends and other adjustments     (23)(4)
Other undisclosed net loss available to common stockholders, basic     (3,166)(17)
Net income (loss) available to common stockholders, basic:(311)71(5)(6) (1,606)(431)
Convertible preferred dividends      (17)
Net income (loss) available to common stockholders, diluted:(311)71(5)(6) (1,606)(448)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(311)71(5)(6) (1,583)(410)
Other comprehensive income (loss)(0)(0)   0(0)
Comprehensive income (loss):(311)70(5)(6) (1,583)(410)
Comprehensive income, net of tax, attributable to noncontrolling interest     1,583 
Comprehensive income (loss), net of tax, attributable to parent:(311)70(5)(6) 0(410)

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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