PLAINS EXPLORATION & PRODUCTION CO (PXP) financial statements (2020 and earlier)

Company profile

Business Address 700 MILAM STREET
HOUSTON, TX 77002
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)

12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments181
Cash and cash equivalents181
Receivables585
Inventory, net of allowances, customer advances and progress billings28
Inventory28
Derivative instruments and hedges, assets56
Prepaid expense and other current assets21
Other undisclosed current assets969
Total current assets:1,840
Noncurrent Assets
Property, plant and equipment14,729
Intangible assets, net (including goodwill)535
Goodwill535
Derivative instruments and hedges1
Prepaid expense and other noncurrent assets194
Total noncurrent assets:15,459
TOTAL ASSETS:17,298
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities431
Accounts payable431
Debt164
Deferred compensation liability31
Derivative instruments and hedges, liabilities19
Asset retirement obligation19
Deferred tax liabilities2
Other liabilities89
Other undisclosed current liabilities224
Total current liabilities:980
Noncurrent Liabilities
Long-term debt and lease obligation9,979
Long-term debt, excluding current maturities9,979
Liabilities, other than long-term debt2,382
Asset retirement obligations566
Deferred tax liabilities, net1,771
Other liabilities19
Derivative instruments and hedges, liabilities27
Total noncurrent liabilities:12,362
Total liabilities:13,342
Stockholders' equity
Stockholders' equity attributable to parent3,516
Common stock1
Treasury stock, value(560)
Additional paid in capital3,438
Retained earnings637
Stockholders' equity attributable to noncontrolling interest440
Total stockholders' equity:3,956
TOTAL LIABILITIES AND EQUITY:17,298

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

12/31/2012
Revenues2,565
Cost of revenue(1,734)
Cost of goods and services sold(559)
Gross profit:832
Operating expenses(216)
Other operating income, net0
Other undisclosed operating loss(0)
Operating income:616
Nonoperating expense(2)
Investment income, nonoperating(3)
Other nonoperating income1
Interest and debt expense(306)
Income from continuing operations before equity method investments, income taxes:308
Other undisclosed income from continuing operations before income taxes207
Income from continuing operations before income taxes:514
Income tax expense(171)
Net income attributable to parent:343
Preferred stock dividends and other adjustments(36)
Net income available to common stockholders, diluted:306

Comprehensive Income ($ in millions)

12/31/2012
Net income:343
Comprehensive income, net of tax, attributable to parent:343

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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