Pioneer Natural Resources Company (PXD) financial statements (2021 and earlier)

Company profile

Business Address 777 HIDDEN RIDGE
IRVING, TX 75038
State of Incorp. DE
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 investments, including:1,4426311,2682,1802,9791,3911,025
Cash and cash equivalents1,4426318258961,1181,3911,025
Short-term investments  4431,2181,441  
Other undisclosed cash, cash equivalents, and short-term investments   66420  
Restricted cash and investments5974     
Receivables6991,042821647521926463
Inventory, net of allowances, customer advances and progress billings224205242212181155241
Inventory224205242212181155241
Prepaid expense     1715
Derivative instruments and hedges, assets532521114694578
Other current assets43202526231137
Other undisclosed current assets123187172(66)(420)  
Total current assets:2,5952,1912,5803,0103,2983,1942,359
Noncurrent Assets
Operating lease, right-of-use asset197280
Property, plant and equipment1,5841,6321,2911,7591,5291,523828
Oil and gas property, successful effort method14,43914,44513,54811,76610,84110,02210,390
Long-term investments and receivables  12566420 239
Long-term investments  12566420 239
Intangible assets, net (including goodwill)261261264270272272272
Goodwill261261264270272272272
Derivative instruments and hedges     64181
Deferred costs      70
Other noncurrent assets15025895132997994
Other undisclosed noncurrent assets3     493
Total noncurrent assets:16,63416,87615,32313,99313,16111,96012,567
TOTAL ASSETS:19,22919,06717,90317,00316,45915,15414,926
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9671,2771,4961,2338098651,238
Accounts payable9281,2211,4411,1747417981,197
Taxes payable432  21
Interest and dividends payable35535359686540
Debt157586 449485448 
Derivative instruments and hedges, liabilities234122723277 3
Asset retirement obligation42     28
Due to related parties10219018310813485123
Deferred tax liabilities    161
Other liabilities363431112106616455
Other undisclosed current liabilities41     (28)
Total current liabilities:1,9062,4961,8182,1281,5661,4621,580
Noncurrent Liabilities
Long-term debt and lease obligation3,2702,5652,2842,2832,7283,2072,665
Long-term debt, excluding current maturities3,1601,8392,2842,2832,7283,2072,665
Finance lease, liability 556
Operating lease, liability110170
Liabilities, other than long-term debt2,4841,2071,6901,3131,7542,1102,092
Asset retirement obligations 118     
Deferred tax liabilities, net1,1528991,3971,7761,803
Deferred income tax liabilities1,366 
Disposal group, including discontinued operation, liabilities 35     
Other liabilities1,0521,046538391350333287
Derivative instruments and hedges, liabilities668 23712
Other undisclosed noncurrent liabilities 680     
Total noncurrent liabilities:5,7544,4523,9743,5964,4825,3174,757
Total liabilities:7,6606,9485,7925,7246,0486,7796,337
Stockholders' equity
Stockholders' equity attributable to parent11,56912,11912,11111,27410,4048,3688,581
Common stock2222222
Treasury stock, value(1,234)(1,069)(423)(249)(218)(199)(171)
Additional paid in capital9,3239,1619,0628,9748,8926,2676,167
Retained earnings3,4784,0253,4702,5471,7282,2982,583
Stockholders' equity attributable to noncontrolling interest   5778
Total stockholders' equity:11,56912,11912,11111,27910,4118,3758,589
TOTAL LIABILITIES AND EQUITY:19,22919,06717,90317,00316,45915,15414,926

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
Revenues6,6859,3049,4155,4553,8244,8255,055
Revenue, net3,5182,4182,1783,602
Cost of revenue(6,693)(7,983)(7,578)(4,801)(4,440)(4,907)(3,095)
Cost of goods and services sold(242)(299)(284)(2,398)(2,178)(1,720)(1,428)
Gross profit:(8)1,3211,837654(616)(82)1,960
Operating expenses(253)(334)(586)(345)(343)(339)(363)
Operating income (loss):(261)9871,251309(959)(421)1,597
Nonoperating income (expense)(321)(448)(849)(244)(288)(315)632
Investment income, nonoperating      712
Other nonoperating expense(321)(448)(849)(244)(288)(315)(80)
Interest and debt expense(129)(121)(126)(153)(207)(187)(184)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes450569975397495502(448)
Income (loss) from continuing operations before equity method investments, income taxes:(261)9871,251309(959)(421)1,597
Income from equity method investments      13
Income (loss) from continuing operations before income taxes:(261)9871,251309(959)(421)1,610
Income tax expense (benefit)61(231)(276)524403155(556)
Other undisclosed loss from continuing operations      (13)
Income (loss) from continuing operations:(200)756975833(556)(266)1,041
Loss from discontinued operations     (7)(111)
Net income (loss):(200)756975833(556)(273)930
Net income attributable to noncontrolling interest  3    
Net income (loss) attributable to parent:(200)756978833(556)(273)930
Other undisclosed net loss available to common stockholders, basic      (10)
Net income (loss) available to common stockholders, diluted:(200)756978833(556)(273)920

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):(200)756975833(556)(273)930
Comprehensive income (loss):(200)756975833(556)(273)930
Comprehensive income, net of tax, attributable to noncontrolling interest  3    
Comprehensive income (loss), net of tax, attributable to parent:(200)756978833(556)(273)930

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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