Ultra Petroleum Corp. (UPL) financial statements (2021 and earlier)

Company profile

Business Address 116 EAST INVERNESS DRIVE
ENGLEWOOD, CO 80112
State of Incorp. YT
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 investments217174014911
Cash and cash equivalents217174014911
Restricted cash and investments222    
Receivables611171117  
Inventory, net of allowances, customer advances and progress billings 191354105
Inventory 191354105
Deferred costs    20  
Derivative instruments and hedges, assets322317  1041
Deposits current assets   13   
Income taxes receivable6 
Deferred tax assets    (31) 
Other current assets1126    
Other undisclosed current assets73139979165178111
Total current assets:125215167521111277129
Noncurrent Assets
Operating lease, right-of-use asset119
Property, plant and equipment1012108912217
Oil and gas property, full cost method1,5521,4981,325    
Other noncurrent assets89111127 
Prepaid expense and other noncurrent assets18
Deferred tax assets, net  (50)(1)(138)(1)
Other undisclosed noncurrent assets   1,0608534,0472,423
Total noncurrent assets:1,6901,5191,3461,0208613,9492,657
TOTAL ASSETS:1,8151,7331,5131,5419714,2262,785
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7312416582209198135
Accounts payable 376028937855
Accrued liabilities43598053729080
Taxes payable     31 
Interest and dividends payable302924 43  
Debt2,1627  3,390100 
Derivative instruments and hedges, liabilities2162    27
Asset retirement obligation000 (0)(0)(0)
Other undisclosed current liabilities6873845773148246
Total current liabilities:2,3242672481383,671446407
Noncurrent Liabilities
Long-term debt and lease obligation2,2582,2082,116  3,2782,470
Long-term debt, excluding current maturities2,1502,2082,116  3,2782,470
Operating lease, liability108
Liabilities, other than long-term debt228212198334166280165
Asset retirement obligations   157 12773
Deferred tax liabilities, net    1 
Other liabilities22821219817716615292
Other undisclosed noncurrent liabilities(2,150)95     
Total noncurrent liabilities:3362,5152,3143341663,5582,635
Total liabilities:2,6602,7822,5624723,8374,0043,042
Stockholders' equity
Stockholders' equity attributable to parent(845)(1,049)(1,155)(2,928)(2,992)212(331)
Common stock2,1412,1372,116510502496487
Treasury stock, value(0)(0)(0)(0)(0)(6)(2)
Accumulated deficit(2,985)(3,186)(3,271)(3,438)(3,494)(278)(817)
Total stockholders' equity:(845)(1,049)(1,155)(2,928)(2,992)212(331)
Other undisclosed liabilities and equity  1053,9971261075
TOTAL LIABILITIES AND EQUITY:1,8151,7331,5131,5419714,2262,785

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
Revenues7428928927218391,230933
Revenue, net8927218391,230933
Cost of revenue(239)(521)(280)(276)(372)(359)(290)
Cost of goods and services sold(7) (92)    
Gross profit:503372611445467871643
Operating expenses(276)(17)(213)(145)(3,553)(311)(271)
Operating income (loss):227355398300(3,086)560372
Nonoperating expense
(Other Nonoperating expense)
(120)(269)(375)(197)(125)(23)(138)
Interest and debt expense(13)(11)2,459(67)(185)(126)(101)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1311(2,318)19185126101
Income (loss) from continuing operations before income taxes:1078616455(3,212)537234
Income tax expense (benefit)1(0)131464
Net income (loss) available to common stockholders, diluted:1088517756(3,207)543238

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):1088517756(3,207)543238
Comprehensive income (loss), net of tax, attributable to parent:1088517756(3,207)543238

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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