QEP Resources, Inc. (QEP) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments166  4443761,160
Cash and cash equivalents166  4443761,160
Receivables146180147174366442
Inventory, net of allowances, customer advances and progress billings  4101314
Inventory  4101314
Prepaid expense111311   
Derivative instruments and hedges, assets2883 147339
Other current assets001   
Other undisclosed current assets   123047
Total current assets:3252811656409322,002
Noncurrent Assets
Inventory, Noncurrent     54
Property, plant and equipment5,0425,0607,1576,5397,3857,231
Oil and gas property, successful effort method     6,951
Derivative instruments and hedges0350 2310
Other noncurrent assets535072668644
Other undisclosed noncurrent assets57693   (7,005)
Total noncurrent assets:5,1535,8377,2296,6057,4947,285
TOTAL ASSETS:5,4786,1187,3957,2458,4269,287
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:227258372270352575
Taxes payable1924323046594
Interest and dividends payable313226333636
Other undisclosed accounts payable and accrued liabilities177202315207269(55)
Debt1815441220755
Derivative instruments and hedges, liabilities19 1041701 
Asset retirement obligation658621
Deferred tax liabilities    85
Other undisclosed current liabilities6857505781629
Total current liabilities:3383345775156421,345
Noncurrent Liabilities
Long-term debt and lease obligation2,0162,5072,1612,0212,0422,218
Long-term debt, excluding current maturities2,0162,5072,1612,0212,0422,218
Liabilities, other than long-term debt4194648591,2071,7941,649
Asset retirement obligations9597207226205194
Deferred tax liabilities, net2752695188261,4801,363
Other liabilities499710212310592
Derivative instruments and hedges, liabilities1132324 
Total noncurrent liabilities:2,4342,9713,0203,2283,8363,867
Total liabilities:2,7723,3063,5973,7434,4785,212
Stockholders' equity
Stockholders' equity attributable to parent2,6612,7513,7983,5033,9484,075
Common stock222222
Treasury stock, value(55)(46)(34)(23)(15)(25)
Additional paid in capital1,4571,4321,3981,367555535
Accumulated other comprehensive loss(13)(14)(11)(17)(12)(24)
Retained earnings1,2701,3772,4432,1733,4183,588
Total stockholders' equity:2,6612,7513,7983,5033,9484,075
Other undisclosed liabilities and equity4561    
TOTAL LIABILITIES AND EQUITY:5,4786,1187,3957,2458,4269,287

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,2061,9331,6231,3772,0193,433
Revenue, net1,9331,6231,3772,0193,414
Cost of revenue
(Cost of Goods and Services Sold)
 (118)(245)(106)(291)(1,556)
Gross profit:1,2061,8151,3781,2721,7271,877
Operating expenses(1,053)(3,218)(1,735)(2,985)(2,401)(4,113)
Other operating expense, net
(Other Expenses)
     (1,153)
Other undisclosed operating income41434591112962,541
Operating income (loss):158(1,260)102(1,603)(378)(847)
Nonoperating income (expense)
(Investment Income, Nonoperating)
(173)90   363
Interest and debt expense(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:(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:(145)(1,319)(43)(1,953)(243)(642)
Income tax benefit4331731270894233
Income (loss) from continuing operations:(102)(1,002)269(1,245)(149)(410)
Income from discontinued operations     1,194
Net income (loss):(102)(1,002)269(1,245)(149)784
Net loss attributable to noncontrolling interest     (22)
Other undisclosed net income (loss) attributable to parent5(10)   22
Net income (loss) available to common stockholders, diluted:(97)(1,012)269(1,245)(149)784

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(102)(1,002)269(1,245)(149)784
Other comprehensive income (loss)2(3)6(4)122
Comprehensive income (loss):(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 parent5(10)   22
Comprehensive income (loss), net of tax, attributable to parent:(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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