QEP Resources, Inc. (QEP) financial statements (2021 and earlier)

Company profile

Business Address 1050 17TH STREET, SUITE 800
DENVER, CO 80265
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 investments60166  4443761,160
Cash and cash equivalents60166  4443761,160
Receivables122146180147174366442
Inventory, net of allowances, customer advances and progress billings   4101314
Inventory   4101314
Prepaid expense14111311   
Derivative instruments and hedges, assets 2883 147339
Other current assets0001   
Other undisclosed current assets    123047
Total current assets:1973252811656409322,002
Noncurrent Assets
Inventory, Noncurrent      54
Operating lease, right-of-use asset48 
Property, plant and equipment4,7835,0425,0607,1576,5397,3857,231
Oil and gas property, successful effort method      6,951
Derivative instruments and hedges 0350 2310
Other noncurrent assets86535072668644
Other undisclosed noncurrent assets 57693   (7,005)
Total noncurrent assets:4,9175,1535,8377,2296,6057,4947,285
TOTAL ASSETS:5,1145,4786,1187,3957,2458,4269,287
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:159227258372270352575
Taxes payable121924323046594
Interest and dividends payable22313226333636
Other undisclosed accounts payable and accrued liabilities126177202315207269(55)
Debt21815441220755
Derivative instruments and hedges, liabilities7619 1041701 
Asset retirement obligation6658621
Deferred tax liabilities    85
Other undisclosed current liabilities556857505781629
Total current liabilities:3003383345775156421,345
Noncurrent Liabilities
Long-term debt and lease obligation1,6232,0162,5072,1612,0212,0422,218
Long-term debt, excluding current maturities1,5912,0162,5072,1612,0212,0422,218
Operating lease, liability31 
Liabilities, other than long-term debt1624194648591,2071,7941,649
Deferred compensation liability, classified26      
Asset retirement obligations969597207226205194
Deferred tax liabilities, net2752695188261,4801,363
Other liabilities40499710212310592
Derivative instruments and hedges, liabilities01132324 
Total noncurrent liabilities:1,7852,4342,9713,0203,2283,8363,867
Total liabilities:2,0842,7723,3063,5973,7434,4785,212
Stockholders' equity
Stockholders' equity attributable to parent2,6702,6612,7513,7983,5033,9484,075
Common stock3222222
Treasury stock, value(58)(55)(46)(34)(23)(15)(25)
Additional paid in capital1,4701,4571,4321,3981,367555535
Accumulated other comprehensive loss(13)(13)(14)(11)(17)(12)(24)
Retained earnings1,2681,2701,3772,4432,1733,4183,588
Total stockholders' equity:2,6702,6612,7513,7983,5033,9484,075
Other undisclosed liabilities and equity3604561    
TOTAL LIABILITIES AND EQUITY:5,1145,4786,1187,3957,2458,4269,287

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
Revenues7241,2061,9331,6231,3772,0193,433
Revenue, net1,9331,6231,3772,0193,414
Cost of revenue
(Cost of Goods and Services Sold)
  (118)(245)(106)(291)(1,556)
Gross profit:7241,2061,8151,3781,2721,7271,877
Operating expenses(949)(1,053)(3,218)(1,735)(2,985)(2,401)(4,113)
Other operating expense, net
(Other Expenses)
      (1,153)
Other undisclosed operating income141434591112962,541
Operating income (loss):(224)158(1,260)102(1,603)(378)(847)
Nonoperating income (expense)
(Investment Income, Nonoperating)
233(173)90   363
Interest and debt expense(96)(129)(149)(171)(143)(146)(171)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   26(207)28013
Loss from continuing operations before equity method investments, income taxes:(87)(145)(1,319)(43)(1,953)(243)(642)
Income from equity method investments      0
Other undisclosed loss from continuing operations before income taxes      (0)
Loss from continuing operations before income taxes:(87)(145)(1,319)(43)(1,953)(243)(642)
Income tax benefit804331731270894233
Income (loss) from continuing operations:(7)(102)(1,002)269(1,245)(149)(410)
Income from discontinued operations      1,194
Net income (loss):(7)(102)(1,002)269(1,245)(149)784
Net loss attributable to noncontrolling interest      (22)
Other undisclosed net income (loss) attributable to parent105(10)   22
Net income (loss) available to common stockholders, diluted:3(97)(1,012)269(1,245)(149)784

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):(7)(102)(1,002)269(1,245)(149)784
Other comprehensive income (loss)(0)2(3)6(4)122
Comprehensive income (loss):(7)(100)(1,005)275(1,249)(138)787
Comprehensive loss, net of tax, attributable to noncontrolling interest      (22)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent105(10)   22
Comprehensive income (loss), net of tax, attributable to parent:3(96)(1,015)275(1,249)(138)787

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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