Unit Corporation (UNT) financial statements (2021 and earlier)

Company profile

Business Address 8200 SOUTH UNIT DRIVE
TULSA, OK 74132
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments161111
Cash and cash equivalents161111
Receivables8412111284101190
Derivative instruments and hedges, assets1131 1031
Other undisclosed current assets19347362830
Total current assets:105175120121140252
Noncurrent Assets
Property, plant and equipment1,9532,4322,3832,2812,5814,133
Intangible assets, net (including goodwill) 6363636363
Goodwill 6363636363
Derivative instruments and hedges   01 
Deferred costs    910
Other noncurrent assets272816141515
Other undisclosed noncurrent assets6     
Total noncurrent assets:1,9852,5232,4622,3582,6684,221
TOTAL ASSETS:2,0902,6982,5812,4792,8094,474
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities131200161128134330
Accounts payable841501138987219
Accrued liabilities475049404770
Employee-related liabilities     31
Taxes payable     3
Interest and dividends payable     7
Debt108    31
Derivative instruments and hedges, liabilities  822  
Asset retirement obligation     3
Other liabilities171413151715
Other undisclosed current liabilities3    (75)
Total current liabilities:260214182165151304
Noncurrent Liabilities
Long-term debt and lease obligation663644820801928835
Long-term debt, excluding current maturities663644820801928812
Capital lease obligations    23
Liabilities, other than long-term debt1092462343194161,122
Asset retirement obligations     97
Deferred tax liabilities, net14145133216276876
Other liabilities95101100103140149
Derivative instruments and hedges, liabilities00 00 
Other undisclosed noncurrent liabilities2     
Total noncurrent liabilities:7748911,0541,1201,3441,957
Total liabilities:1,0341,1051,2361,2851,4952,261
Stockholders' equity
Stockholders' equity attributable to parent8541,3911,3461,1941,3142,332
Common stock111010101010
Additional paid in capital644628536503487468
Accumulated other comprehensive income (loss) (0)0   
Retained earnings1997537996828171,855
Stockholders' equity attributable to noncontrolling interest202203    
Total stockholders' equity:1,0561,5931,3461,1941,3142,332
Other undisclosed liabilities and equity     (120)
TOTAL LIABILITIES AND EQUITY:2,0902,6982,5812,4792,8094,474

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues6758437406028541,573
Revenue, net6205324166511,217
Cost of revenue(42)(300)(286)(258)(856)(1,244)
Cost of goods and services sold (300)(286)(258)(328)(495)
Gross profit:633544453344(2)329
Operating expenses(1,286)   (1,657)(119)
Other undisclosed operating income    4333
Operating income (loss):(653)544453344(1,616)243
Nonoperating income (expense)(33)(37)(24)(62)(6)43
Investment income, nonoperating4(3)15(23)2630
Other nonoperating income (expense)(0)000013
Other undisclosed loss from continuing operations before equity method investments, income taxes (561)(370)(489)(43)(63)
Income (loss) from continuing operations before income taxes:(686)(54)60(207)(1,664)223
Income tax expense (benefit)132145871627(87)
Net income (loss):(554)(40)118(136)(1,037)136
Net loss attributable to noncontrolling interest(0)(6)    
Net income (loss) available to common stockholders, diluted:(554)(45)118(136)(1,037)136

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(554)(40)118(136)(1,037)136
Other comprehensive income (loss) (1)0   
Other undisclosed comprehensive income00    
Comprehensive income (loss):(553)(40)118(136)(1,037)136
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(6)    
Comprehensive income (loss), net of tax, attributable to parent:(553)(46)118(136)(1,037)136

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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