Southwestern Energy Company (SWN) financial statements (2020 and earlier)

Company profile

Business Address 10000 ENERGY DRIVE
SPRING, TX 77389
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 investments52019161,423155323
Cash and cash equivalents52019161,423155323
Receivables345581428363327530464
Inventory, net of allowances, customer advances and progress billings    33738
Inventory    33738
Prepaid expense     9214
Derivative instruments and hedges, assets27813013051333771
Deferred tax assets    109 
Other current assets514435354515849
Other undisclosed current assets     (201)(14)
Total current assets:6799561,5091,8723931,115644
Noncurrent Assets
Inventory, Noncurrent      16
Property, plant and equipment5,2674,6565,7724,9557,54313,7127,297
Other noncurrent assets 18524024917498107
Deferred tax assets, net    1,9511,527
Other undisclosed noncurrent assets771    (1,951)(1,543)
Total noncurrent assets:6,0384,8416,0125,2047,71713,8107,404
TOTAL ASSETS:6,7175,7977,5217,0768,11014,9258,048
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:525609692633652779609
Accounts payable525609533473513653507
Taxes payable59586259649268
Interest and dividends payable515297101753433
Other undisclosed accounts payable and accrued liabilities(110)(110)     
Debt34  4114,5011
Derivative instruments and hedges, liabilities125796435539 
Asset retirement obligation66  1096
Deferred tax liabilities    10924
Other liabilities54482435243055
Other undisclosed current liabilities104104  17(9)(7)
Total current liabilities:8488467801,0647075,428688
Noncurrent Liabilities
Long-term debt and lease obligation2,3612,3184,3914,6124,7282,466283
Long-term debt, excluding current maturities2,2422,3184,3914,6124,7282,466283
Operating lease, liability119
Liabilities, other than long-term debt2622713714833932,5671,916
Pension and other postretirement defined benefit plans, liabilities4416
Asset retirement obligations     198128
Deferred tax liabilities, net    1,9511,532
Liability, pension and other postretirement and postemployment benefits4346584950 
Other liabilities219225313434343374239
Other undisclosed noncurrent liabilities     (198)1,539
Total noncurrent liabilities:2,6232,5894,7625,0955,1214,8353,738
Total liabilities:3,4713,4355,5426,1595,82810,2634,426
Stockholders' equity
Stockholders' equity attributable to parent3,2462,3621,9799172,2824,6623,622
Common stock6655444
Treasury stock, value(202)(181)(1)(1)(1) (0)
Additional paid in capital4,7264,7154,6984,6773,4091,019971
Accumulated other comprehensive income (loss)(33)(36)(44)(39)(48)62(4)
Retained earnings (accumulated deficit)(1,251)(2,142)(2,679)(3,725)(1,082)3,5772,653
Total stockholders' equity:3,2462,3621,9799172,2824,6623,622
TOTAL LIABILITIES AND EQUITY:6,7175,7977,5217,0768,11014,9258,048

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
Revenues3,0383,8623,2032,4363,1334,0383,371
Revenue, net1,1021,0021,0381,189974
Cost of revenue(1,853)(1,869)(1,070)(957)(962)(1,075)(861)
Cost of goods and services sold  (976)(864)(852)(980)(782)
Gross profit:1,1851,9932,1331,4792,1712,9632,510
Operating expenses(915)(1,196)(1,402)(3,674)(8,693)(1,590)(1,306)
Operating income (loss):270797731(2,195)(6,522)1,3731,204
Nonoperating income (expense)267(118)427(338)1713528
Investment income, nonoperating274(118)422(339)4713926
Other nonoperating income (expense)(7) 51(30)(4)2
Interest and debt expense(57)(141)(205)(139)(56)(59)(42)
Income (loss) from continuing operations before income taxes:480538953(2,672)(6,561)1,4491,190
Income tax expense (benefit)411(1)93292,005(525)(487)
Net income (loss) attributable to parent:8915371,046(2,643)(4,556)924704
Preferred stock dividends and other adjustments  (216)(216)(212)  
Undistributed earnings (loss) allocated to participating securities, basic (2)(123)
Other undisclosed net income available to common stockholders, basic  108108106  
Net income (loss) available to common stockholders, diluted:891535815(2,751)(4,662)924704

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):8915371,046(2,643)(4,556)924704
Other comprehensive income (loss)(3)8(5)9(110)66(154)
Comprehensive income (loss):8885451,041(2,634)(4,666)990549
Other undisclosed comprehensive income, net of tax, attributable to parent6      
Comprehensive income (loss), net of tax, attributable to parent:8945451,041(2,634)(4,666)990549

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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