Pioneer Natural Resources Company (PXD) Financial Statements (2023 and Earlier)

Company Profile

Business Address 777 HIDDEN RIDGE
IRVING, TX 75038
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
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, including:3,9051,4426311,2682,1802,9791,391
Cash and cash equivalents3,8471,4426318258961,1181,391
Short-term investments58  4431,2181,441 
Other undisclosed cash, cash equivalents, and short-term investments    66420 
Restricted cash and investments375974    
Receivables1,6856991,042821647521926
Inventory, net of allowances, customer advances and progress billings369224205242212181155
Inventory369224205242212181155
Prepaid expense      17
Derivative instruments and hedges, assets 532521114694
Other current assets42432025262311
Other undisclosed current assets135123187172(66)(420) 
Total current assets:6,1732,5952,1912,5803,0103,2983,194
Noncurrent Assets
Operating lease, right-of-use asset348197280
Property, plant and equipment1,6941,5841,6321,2911,7591,5291,523
Oil and gas property, successful effort method28,18214,43914,44513,54811,76610,84110,022
Long-term investments and receivables   12566420 
Long-term investments   12566420 
Intangible assets, net (including goodwill)243261261264270272272
Goodwill243261261264270272272
Derivative instruments and hedges      64
Other noncurrent assets171150258951329979
Other undisclosed noncurrent assets 3     
Total noncurrent assets:30,63816,63416,87615,32313,99313,16111,960
TOTAL ASSETS:36,81119,22919,06717,90317,00316,45915,154
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,4789671,2771,4961,233809865
Accounts payable2,3809281,2211,4411,174741798
Taxes payable45432  2
Interest and dividends payable53355353596865
Debt262157586 449485448
Derivative instruments and hedges, liabilities538234122723277 
Asset retirement obligation5542     
Due to related parties17910219018310813485
Other liabilities5133634311121066164
Other undisclosed current liabilities4841     
Total current liabilities:4,0731,9062,4961,8182,1281,5661,462
Noncurrent Liabilities
Long-term debt and lease obligation6,9313,2702,5652,2842,2832,7283,207
Long-term debt, excluding current maturities6,6883,1601,8392,2842,2832,7283,207
Finance lease, liability  556
Operating lease, liability243110170
Liabilities, other than long-term debt2,9702,4841,2071,6901,3131,7542,110
Asset retirement obligations  118    
Deferred tax liabilities, net1,1528991,3971,776
Deferred income tax liabilities2,0381,366 
Disposal group, including discontinued operation, liabilities  35    
Other liabilities9071,0521,046538391350333
Derivative instruments and hedges, liabilities25668 2371
Other undisclosed noncurrent liabilities  680    
Total noncurrent liabilities:9,9015,7544,4523,9743,5964,4825,317
Total liabilities:13,9747,6606,9485,7925,7246,0486,779
Stockholders' equity
Stockholders' equity attributable to parent22,83711,56912,11912,11111,27410,4048,368
Common stock2222222
Treasury stock, value(248)(1,234)(1,069)(423)(249)(218)(199)
Additional paid in capital19,1239,3239,1619,0628,9748,8926,267
Retained earnings3,9603,4784,0253,4702,5471,7282,298
Stockholders' equity attributable to noncontrolling interest    577
Total stockholders' equity:22,83711,56912,11912,11111,27910,4118,375
TOTAL LIABILITIES AND EQUITY:36,81119,22919,06717,90317,00316,45915,154

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues14,6436,6859,3049,4155,4553,8244,825
Revenue, net3,5182,4182,178
Cost of revenue(11,598)(6,693)(7,983)(7,578)(4,801)(4,440)(4,907)
Cost of goods and services sold (242)(299)(284)(2,398)(2,178)(1,720)
Gross profit:3,045(8)1,3211,837654(616)(82)
Operating expenses(299)(253)(334)(586)(345)(343)(339)
Operating income (loss):2,746(261)9871,251309(959)(421)
Nonoperating expense
(Other Nonoperating expense)
(410)(321)(448)(849)(244)(288)(315)
Interest and debt expense(161)(129)(121)(126)(153)(207)(187)
Other undisclosed income from continuing operations before equity method investments, income taxes 450569975397495502
Income (loss) from continuing operations before equity method investments, income taxes:2,175(261)9871,251309(959)(421)
Other undisclosed income from continuing operations before income taxes571      
Income (loss) from continuing operations before income taxes:2,746(261)9871,251309(959)(421)
Income tax expense (benefit)(628)61(231)(276)524403155
Income (loss) from continuing operations:2,118(200)756975833(556)(266)
Loss from discontinued operations      (7)
Net income (loss):2,118(200)756975833(556)(273)
Net income attributable to noncontrolling interest   3   
Net income (loss) attributable to parent:2,118(200)756978833(556)(273)
Other undisclosed net loss available to common stockholders, basic(5)      
Net income (loss) available to common stockholders, basic:2,113(200)756978833(556)(273)
Dilutive securities, effect on basic earnings per share6      
Net income (loss) available to common stockholders, diluted:2,119(200)756978833(556)(273)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):2,118(200)756975833(556)(273)
Comprehensive income (loss):2,118(200)756975833(556)(273)
Comprehensive income, net of tax, attributable to noncontrolling interest   3   
Comprehensive income (loss), net of tax, attributable to parent:2,118(200)756978833(556)(273)

Statements Sources

The financial statements are based on the Company's filings with 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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