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 investments | 8 | 18 | 11 | 7 | 12 | 6 | 23 | ||
Cash and cash equivalents | 8 | 18 | 11 | 7 | 12 | 6 | 23 | ||
Receivables | 72 | 69 | 70 | 29 | 48 | 190 | 194 | ||
Inventory, net of allowances, customer advances and progress billings | 3 | 4 | 5 | 2 | 3 | 6 | 2 | ||
Inventory | 3 | 4 | 5 | 2 | 3 | 6 | 2 | ||
Prepaid expense | 4 | 4 | |||||||
Derivative instruments and hedges, assets | 4 | 35 | 98 | 129 | 4 | ||||
Other current assets | 4 | 5 | 6 | 3 | 7 | 10 | 6 | ||
Other undisclosed current assets | (3) | (4) | (5) | (2) | (3) | (10) | 0 | ||
Total current assets: | 88 | 126 | 87 | 39 | 165 | 335 | 234 | ||
Noncurrent Assets | |||||||||
Property, plant and equipment | 1,120 | 928 | 529 | 247 | 344 | 1,825 | 2,237 | ||
Long-term investments and receivables | 4 | 4 | |||||||
Long-term investments | 4 | 4 | |||||||
Derivative instruments and hedges | 3 | 10 | 36 | 2 | |||||
Deferred costs | 26 | 30 | |||||||
Other noncurrent assets | 7 | 2 | 9 | 5 | 8 | 30 | 35 | ||
Deferred tax assets, net | ✕ | 5 | |||||||
Other undisclosed noncurrent assets | 2 | (30) | (34) | ||||||
Total noncurrent assets: | 1,130 | 943 | 543 | 253 | 353 | 1,891 | 2,273 | ||
TOTAL ASSETS: | 1,218 | 1,069 | 630 | 292 | 518 | 2,226 | 2,507 | ||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 106 | 104 | 96 | 50 | 104 | 312 | 248 | ||
Accounts payable | 49 | 39 | 45 | 12 | 24 | ||||
Accrued liabilities | 47 | 57 | 44 | 31 | 54 | ||||
Employee-related liabilities | 5 | 4 | 3 | 3 | 10 | 9 | 9 | ||
Taxes payable | 5 | ||||||||
Interest and dividends payable | 1 | 1 | 0 | 0 | 16 | ||||
Other undisclosed accounts payable and accrued liabilities | 4 | 2 | 4 | 4 | 303 | 234 | |||
Debt | 1,224 | ||||||||
Derivative instruments and hedges, liabilities | 23 | 1 | 28 | 13 | 10 | ||||
Total current liabilities: | 129 | 105 | 124 | 63 | 1,328 | 312 | 258 | ||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 555 | 511 | 265 | 25 | 1,110 | 1,281 | |||
Long-term debt, excluding current maturities | 555 | 511 | 265 | 25 | 1,110 | 1,281 | |||
Liabilities, other than long-term debt | 12 | 6 | 19 | 19 | 105 | 153 | 205 | ||
Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 3 | 3 | ||
Deferred compensation liability, classified | 4 | 4 | |||||||
Asset retirement obligations | 6 | 6 | |||||||
Deferred tax liabilities, net | ✕ | 5 | 146 | ||||||
Restructuring reserve | 12 | 13 | |||||||
Other liabilities | 8 | 6 | 5 | 4 | 105 | 124 | 33 | ||
Derivative instruments and hedges, liabilities | 3 | 14 | 14 | ||||||
Other undisclosed noncurrent liabilities | 1 | (25) | (26) | ||||||
Total noncurrent liabilities: | 568 | 517 | 284 | 44 | 105 | 1,238 | 1,460 | ||
Total liabilities: | 697 | 622 | 408 | 106 | 1,433 | 1,551 | 1,718 | ||
Stockholders' equity | |||||||||
Stockholders' equity attributable to parent, including: | 521 | 447 | 222 | 186 | (915) | 676 | 789 | ||
Preferred stock | 3 | 4 | 1 | ||||||
Common stock | 0 | 0 | 0 | 1 | 1 | 0 | |||
Treasury stock, value | (4) | (3) | (3) | ||||||
Additional paid in capital | 201 | 198 | 194 | 1,211 | 1,206 | 891 | |||
Accumulated other comprehensive income (loss) | (0) | 0 | (0) | 0 | 0 | 0 | |||
Retained earnings (accumulated deficit) | 320 | 249 | 27 | (2,130) | (535) | (104) | |||
Other undisclosed stockholders' equity attributable to parent | 186 | 3 | 3 | 3 | |||||
Total stockholders' equity: | 521 | 447 | 222 | 186 | (915) | 676 | 789 | ||
TOTAL LIABILITIES AND EQUITY: | 1,218 | 1,069 | 630 | 292 | 518 | 2,226 | 2,507 |
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 471 | 305 | 637 | 431 | ||||
Revenue, net | ✕ | ✕ | 264 | 516 | 432 | |||
Cost of revenue | (268) | (458) | (511) | (310) | ||||
Cost of goods and services sold | (23) | (66) | (67) | (48) | ||||
Gross profit: | 203 | (153) | 125 | 121 | ||||
Operating expenses | (26) | (1,412) | (741) | (213) | ||||
Operating income (loss): | 177 | (1,565) | (616) | (92) | ||||
Nonoperating income (expense) | (68) | 68 | 164 | (21) | ||||
Investment income, nonoperating | (68) | 71 | 162 | (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) | 5 | 132 | 78 | ||
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.