Southwestern Energy Company (SWN) financial statements (2021 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)

12/31/2020
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 investments1352019161,4231553
Cash and cash equivalents1352019161,4231553
Receivables368345581428363327530
Inventory, net of allowances, customer advances and progress billings     337
Inventory     337
Prepaid expense      92
Derivative instruments and hedges, assets241278130130513337
Deferred tax assets    109
Other current assets495144353545158
Other undisclosed current assets      (201)
Total current assets:6716799561,5091,8723931,115
Noncurrent Assets
Property, plant and equipment4,1115,2674,6565,7724,9557,54313,712
Regulated entity, other noncurrent assets20      
Other noncurrent assets378 18524024917498
Deferred tax assets, net    1,951
Other undisclosed noncurrent assets(20)771    (1,951)
Total noncurrent assets:4,4896,0384,8416,0125,2047,71713,810
TOTAL ASSETS:5,1606,7175,7977,5217,0768,11014,925
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:705525609692633652779
Accounts payable573525609533473513653
Taxes payable74595862596492
Interest and dividends payable585152971017534
Other undisclosed accounts payable and accrued liabilities (110)(110)    
Debt 34  4114,501
Derivative instruments and hedges, liabilities245125796435539
Asset retirement obligation466  109
Deferred tax liabilities    109
Other liabilities20544824352430
Other undisclosed current liabilities38104104  17(9)
Total current liabilities:1,0128488467801,0647075,428
Noncurrent Liabilities
Long-term debt and lease obligation3,2672,3612,3184,3914,6124,7282,466
Long-term debt, excluding current maturities3,1502,2422,3184,3914,6124,7282,466
Operating lease, liability117119
Liabilities, other than long-term debt3842622713714833932,567
Pension and other postretirement defined benefit plans, liabilities44
Asset retirement obligations      198
Deferred tax liabilities, net    1,951
Liability, pension and other postretirement and postemployment benefits454346584950 
Other liabilities156219225313434343374
Derivative instruments and hedges, liabilities183      
Other undisclosed noncurrent liabilities      (198)
Total noncurrent liabilities:3,6512,6232,5894,7625,0955,1214,835
Total liabilities:4,6633,4713,4355,5426,1595,82810,263
Stockholders' equity
Stockholders' equity attributable to parent4973,2462,3621,9799172,2824,662
Common stock7665544
Treasury stock, value(202)(202)(181)(1)(1)(1) 
Additional paid in capital5,0934,7264,7154,6984,6773,4091,019
Accumulated other comprehensive income (loss)(38)(33)(36)(44)(39)(48)62
Retained earnings (accumulated deficit)(4,363)(1,251)(2,142)(2,679)(3,725)(1,082)3,577
Total stockholders' equity:4973,2462,3621,9799172,2824,662
TOTAL LIABILITIES AND EQUITY:5,1606,7175,7977,5217,0768,11014,925

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,3083,0383,8623,2032,4363,1334,038
Revenue, net1,1021,0021,0381,189
Cost of revenue(1,358)(1,853)(1,869)(1,070)(957)(962)(1,075)
Cost of goods and services sold   (976)(864)(852)(980)
Gross profit:9501,1851,9932,1331,4792,1712,963
Operating expenses(3,821)(915)(1,196)(1,402)(3,674)(8,693)(1,590)
Operating income (loss):(2,871)270797731(2,195)(6,522)1,373
Nonoperating income (expense)225267(118)427(338)17135
Investment income, nonoperating224274(118)422(339)47139
Other nonoperating income (expense)1(7) 51(30)(4)
Interest and debt expense(59)(57)(141)(205)(139)(56)(59)
Income (loss) from continuing operations before income taxes:(2,705)480538953(2,672)(6,561)1,449
Income tax expense (benefit)(407)411(1)93292,005(525)
Net income (loss) attributable to parent:(3,112)8915371,046(2,643)(4,556)924
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:(3,112)891535815(2,751)(4,662)924

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(3,112)8915371,046(2,643)(4,556)924
Other comprehensive income (loss)(3)(3)8(5)9(110)66
Comprehensive income (loss):(3,115)8885451,041(2,634)(4,666)990
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)6     
Comprehensive income (loss), net of tax, attributable to parent:(3,117)8945451,041(2,634)(4,666)990

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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