SRC Energy Inc. (SRCI) financial statements (2021 and earlier)

Company profile

Business Address 1675 BROADWAY
DENVER, CO 80202
State of Incorp. CO
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
8/31/2015
8/31/2014
8/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 5049191343579
Cash and cash equivalents 5049191343519
Short-term investments      60
Receivables 1401043329327
Inventory, net of allowances, customer advances and progress billings     00
Inventory     00
Derivative instruments and hedges, assets 35 030 
Other current assets 873100
Other undisclosed current assets      5
Total current assets: 232160541676892
Noncurrent Assets
Property, plant and equipment 2,5191,877909535379198
Oil and gas property, full cost method    530370198
Intangible assets, net (including goodwill)  414141 
Goodwill  414141  
Derivative instruments and hedges    20 
Other noncurrent assets 422311
Other undisclosed noncurrent assets   18(530)(370)(198)
Total noncurrent assets: 2,5221,920970580380199
TOTAL ASSETS: 2,7552,0801,024746449291
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 2451277022177
Accounts payable 1507552121
Accrued liabilities    01 
Taxes payable 95521821146
Derivative instruments and hedges, liabilities  83 02
Asset retirement obligation 1233   
Other liabilities 97641719146
Other undisclosed current liabilities    337226
Total current liabilities: 354202927410441
Noncurrent Liabilities
Long-term debt and lease obligation 73453876783737
Long-term debt, excluding current maturities 73453876783737
Liabilities, other than long-term debt 443116222610
Asset retirement obligations 4028141253
Deferred tax liabilities, net  210217
Other liabilities 22    
Derivative instruments and hedges, liabilities 2   00
Other undisclosed noncurrent liabilities 36     
Total noncurrent liabilities: 815569911006347
Total liabilities: 1,16877118317416788
Stockholders' equity
Stockholders' equity attributable to parent 1,5861,308841572281203
Common stock 000000
Additional paid in capital 1,4921,4741,149539266216
Retained earnings (accumulated deficit) 94(166)(308)3416(13)
Total stockholders' equity: 1,5861,308841572281203
TOTAL LIABILITIES AND EQUITY: 2,7552,0801,024746449291

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
8/31/2015
8/31/2014
8/31/2013
Revenues 64636310712510446
Revenue, net36310712510446
Cost of revenue
(Cost of Goods and Services Sold)
 (9)(19)(20)(15)(8)(9)
Gross profit: 637343871109637
Operating expenses (371)(205)(319)(127)(61)(27)
Other undisclosed operating income 919201589
Operating income (loss): 274158(212)(2)4320
Nonoperating income (expense) 24(15)(8)320(3)
Investment income, nonoperating 23(4)(8) 00
Interest and debt expense  (12) (0)(1)(0)
Income (loss) from continuing operations before equity method investments, income taxes: 298131(219)294316
Other undisclosed income from continuing operations before income taxes  12 010
Income (loss) from continuing operations before income taxes: 298142(219)304416
Income tax expense (benefit) (38)0(0)(12)(15)(7)
Net income (loss) available to common stockholders, diluted: 260142(219)182910

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
8/31/2015
8/31/2014
8/31/2013
Net income (loss): 260142(219)182910
Comprehensive income (loss), net of tax, attributable to parent: 260142(219)182910

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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