SandRidge Energy, Inc. (SD) financial statements (2020 and earlier)

Company profile

Business Address 123 ROBERT S. KERR AVENUE
OKLAHOMA CITY, OK 73102-6406
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
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments418  436181815
Cash and cash equivalents418  436181815
Restricted cash and investments22     
Receivables2946  127506349
Prepaid expense33  7839
Derivative instruments and hedges, assets05  8429113
Costs in excess of billings    4
Other current assets10  202122
Other undisclosed current assets     (176) 
Total current assets:3973  6748321,242
Noncurrent Assets
Property, plant and equipment 201  492576566
Oil and gas property, full cost method379749  1,7435,6395,741
Long-term investments and receivables     1125
Long-term investments     1114
Accounts and financing receivable, after allowance for credit loss      12
Derivative instruments and hedges     4714
Restricted cash and investments      28
Deferred costs     5662
Other noncurrent assets11  82165121
Other undisclosed noncurrent assets189    (68)(115)
Total noncurrent assets:569951  2,3176,4276,443
TOTAL ASSETS:6081,024  2,9917,2597,685
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:65112  428683812
Accrued liabilities1      
Employee-related liabilities713  434460
Interest and dividends payable01  9591 
Accounts payable and other accrued liabilities341
Other undisclosed accounts payable and accrued liabilities5798  291548412
Derivative instruments and hedges, liabilities    1 34
Asset retirement obligation2225  8 87
Due to related parties     23
Deferred tax liabilities    96 
Customer advances and deposits   33
Other liabilities1    5 
Other undisclosed current liabilities     (35)(3)
Total current liabilities:88137  437784934
Noncurrent Liabilities
Long-term debt and lease obligation58   3,6323,1953,195
Long-term debt, excluding current maturities58   3,6323,1953,195
Liabilities, other than long-term debt5939  11070380
Asset retirement obligations5335  9554337
Other liabilities65  151523
Derivative instruments and hedges, liabilities      21
Total noncurrent liabilities:11739  3,7413,2653,575
Total liabilities:205177  4,1794,0494,509
Stockholders' equity
Stockholders' equity attributable to parent, including:402848  (1,698)1,9381,826
Common stock00  100
Treasury stock, value    (6)(7)(9)
Additional paid in capital1,0591,055  5,3015,2045,298
Accumulated deficit(745)(296)  (6,993)(3,257)(3,460)
Warrants and rights outstanding8989     
Other undisclosed stockholders' equity attributable to parent    (1)(2)(4)
Stockholders' equity attributable to noncontrolling interest    5101,2721,350
Total stockholders' equity:402848  (1,188)3,2103,176
TOTAL LIABILITIES AND EQUITY:6081,024  2,9917,2597,685

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues267   7691,5591,983
Revenue, net  7631,5531,970
Cost of revenue(146)   (671)(582)(1,277)
Gross profit:121   98977706
Operating expenses(567)(4)  (4,740)(386)(875)
Other operating income, net1      
Other undisclosed operating loss(1)      
Operating income (loss):(447)(4)  (4,643)590(169)
Nonoperating income (expense)(3)   322(241)(340)
Investment income, nonoperating     334(47)
Other nonoperating income0   2312
Interest and debt expense(0)   (321)(244)(270)
Income (loss) from continuing operations before equity method investments, income taxes:(449)(4)  (4,642)105(779)
Other undisclosed income from continuing operations before income taxes0   321244270
Income (loss) from continuing operations before income taxes:(449)(4)  (4,321)350(509)
Income tax expense (benefit)    (0)2(6)
Net income (loss):(449)(4)  (4,321)352(514)
Net income (loss) attributable to noncontrolling interest    624(99)(39)
Net income (loss) attributable to parent:(449)(4)  (3,698)253(554)
Preferred stock dividends and other adjustments    (38)(50)(56)
Net income (loss) available to common stockholders, basic:(449)(4)  (3,735)203(609)
Dilutive securities, effect on basic earnings per share     7 
Net income (loss) available to common stockholders, diluted:(449)(4)  (3,735)210(609)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(449)(4)  (4,321)352(514)
Comprehensive income (loss):(449)(4)  (4,321)352(514)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    624(99)39
Comprehensive income (loss), net of tax, attributable to parent:(449)(4)  (3,698)253(475)

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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