Southwestern Energy Company (SWN) Financial Statements (2024 and earlier)

Company Profile

Business Address 10000 ENERGY DRIVE
SPRING, TX 77389
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5028135201916
Cash and cash equivalents5028135201916
Receivables1,4011,160368345581428
Derivative instruments and hedges, assets145183241278130130
Other current assets 684249514435
Other undisclosed current assets      
Total current assets:1,6641,4136716799561,509
Noncurrent Assets
Property, plant and equipment10,9039,9384,1115,2674,6565,772
Regulated entity, other noncurrent assets445720   
Other noncurrent assets359497378 185240
Other undisclosed noncurrent assets(44)(57)(20)771  
Total noncurrent assets:11,26210,4354,4896,0384,8416,012
TOTAL ASSETS:12,92611,8485,1606,7175,7977,521
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,0571,450705525609692
Interest and dividends payable7558515297
Taxes payable9374595862
Accounts payable1,8351,282573525609533
Accrued liabilities222     
Other undisclosed accounts payable and accrued liabilities    (110)(110) 
Debt  206 34  
Derivative instruments and hedges, liabilities1,3171,2792451257964
Asset retirement obligation 64466 
Other liabilities 657520544824
Other undisclosed current liabilities363838104104 
Total current liabilities:3,4813,0521,012848846780
Noncurrent Liabilities
Long-term debt and lease obligation4,3925,3433,2672,3612,3184,391
Long-term debt, excluding current maturities4,3925,2013,1502,2422,3184,391
Liabilities, other than long-term debt729906384262271371
Liability, pension and other postretirement and postemployment benefits 92345434658
Other liabilities209251156219225313
Operating lease, liability133142117119
Derivative instruments and hedges, liabilities378632183   
Total noncurrent liabilities:5,1216,2493,6512,6232,5894,762
Total liabilities:8,6029,3014,6633,4713,4355,542
Equity
Equity, attributable to parent4,3242,5474973,2462,3621,979
Common stock 12127665
Treasury stock, value(327)(202)(202)(202)(181)(1)
Additional paid in capital7,1727,1505,0934,7264,7154,698
Accumulated other comprehensive income (loss)6(25)(38)(33)(36)(44)
Accumulated deficit(2,539)(4,388)(4,363)(1,251)(2,142)(2,679)
Other undisclosed equity, attributable to parent      
Total equity:4,3242,5474973,2462,3621,979
TOTAL LIABILITIES AND EQUITY:12,92611,8485,1606,7175,7977,521

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues15,0026,6672,3083,0383,8623,203
Revenue, net1,102
Cost of revenue(5,834)(2,635)(1,358)(1,853)(1,869)(1,070)
Cost of goods and services sold      (976)
Gross profit:9,1684,0329501,1851,9932,133
Operating expenses(1,814)(1,397)(3,821)(915)(1,196)(1,402)
Operating income (loss):7,3542,635(2,871)270797731
Nonoperating income (expense)(5,256)(2,431)225267(118)427
Investment income, nonoperating(5,259)(2,436)224274(118)422
Interest and debt expense(198)(229)(59)(57)(141)(205)
Income (loss) from continuing operations before income taxes:1,900(25)(2,705)480538953
Income tax expense (benefit)(51) (407)411(1)93
Income (loss) from continuing operations:1,849(25)(3,112)8915371,046
Income (loss) before gain (loss) on sale of properties:(25)(3,112)8915371,046
Net income (loss) attributable to parent:1,849(25)(3,112)8915371,046
Preferred stock dividends and other adjustments      (216)
Undistributed earnings (loss) allocated to participating securities, basic     (2)(123)
Other undisclosed net income available to common stockholders, basic      108
Net income (loss) available to common stockholders, diluted:1,849(25)(3,112)891535815

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1,849(25)(3,112)8915371,046
Other comprehensive income (loss) 12(3)(3)8(5)
Other undisclosed comprehensive income      
Comprehensive income (loss):1,850(23)(3,115)8885451,041
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3011(2)6  
Comprehensive income (loss), net of tax, attributable to parent:1,880(12)(3,117)8945451,041

Statements Sources

The financial statements are based on the Company's filings with 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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