Centennial resource development, inc. (CDEV)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15
ASSETS
Current assets
Cash and cash equivalents

3

10

10

28

89

18

58

42

38

117

2

0

54

134

0

0

1

0

Accounts receivable, net

62

101

141

121

114

100

88

101

108

78

50

34

23

14

-

-

-

-

Derivative instruments

-

-

0

0

0

1

3

22

7

0

0

1

0

0

-

-

-

-

Prepaid and other current assets

6

7

8

9

9

9

14

12

12

6

6

2

1

2

0

0

0

-

Receivable from Centennial

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Total current assets

73

120

161

160

214

130

165

179

166

202

59

38

81

151

0

0

-

0

Oil and natural gas properties, successful efforts method
Unproved properties

1,350

1,470

1,515

1,574

1,623

1,680

1,801

1,838

1,881

1,952

2,008

2,122

1,874

1,905

-

-

-

-

Proved properties

4,238

3,962

3,704

3,435

3,148

2,895

2,402

2,101

1,855

1,602

1,306

1,006

734

604

-

-

-

-

Accumulated depreciation, depletion and amortization

1,623

931

809

698

587

496

395

313

238

173

115

73

40

14

-

-

-

-

Total oil and natural gas properties, net

3,965

4,501

4,410

4,311

4,184

4,078

3,808

3,627

3,499

3,380

3,200

3,054

2,568

2,495

-

-

-

-

Other property and equipment, net

14

14

14

11

9

8

7

7

6

5

3

3

2

2

-

-

-

-

Total property and equipment, net

3,979

4,515

4,424

4,323

4,194

4,087

3,816

3,634

3,505

3,386

3,204

3,058

2,571

2,497

-

-

-

-

Noncurrent assets
Operating lease right-of-use assets

8

11

17

23

28

0

-

-

-

-

-

-

-

-

-

-

-

-

Derivative instruments

-

-

-

-

-

-

0

0

1

0

0

0

0

0

-

-

-

-

Other noncurrent assets

44

40

42

28

41

42

35

25

19

27

10

1

1

2

-

-

-

-

Investment held in Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

500

500

-

Deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

TOTAL ASSETS

4,106

4,688

4,646

4,535

4,478

4,260

4,017

3,838

3,692

3,616

3,274

3,098

2,653

2,651

501

501

501

0

LIABILITIES AND EQUITY
Current liabilities
Accounts Payable and Accrued Liabilities, Current

223

244

267

267

241

240

210

200

180

199

136

119

78

86

-

-

-

-

Derivative instruments

8

0

4

14

10

6

0

0

0

0

0

0

1

5

-

-

-

-

Operating lease liabilities

6

9

14

18

21

0

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

0

0

0

0

1

1

0

0

0

0

-

-

-

-

-

-

-

-

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Payable to affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Sponsor note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

Total current liabilities

239

254

287

301

274

247

211

201

180

199

136

119

79

91

0

0

0

0

Noncurrent liabilities
Long-term debt, net

1,117

1,057

1,001

881

880

691

531

421

390

390

165

35

0

0

-

-

-

-

Asset retirement obligations

17

16

14

14

13

13

13

12

12

12

9

8

7

7

-

-

-

-

Deferred income taxes

2

85

84

65

59

62

53

42

22

9

17

9

-

0

-

-

-

-

Operating lease liabilities

2

3

3

5

7

0

-

-

-

-

-

-

-

-

-

-

-

-

Derivative instruments

-

-

-

-

-

-

2

2

-

-

0

0

0

0

-

-

-

-

Other long-term liabilities

-

-

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

Deferred underwriting compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

17

17

-

Total liabilities

1,379

1,417

1,392

1,268

1,237

1,016

812

680

606

612

328

172

87

98

17

17

18

0

Commitments and contingencies (Note 11)

-

-

-

-

-

-

0

0

0

-

-

-

-

0

-

-

-

-

Shareholders’ equity
Class A common stock subject to possible redemption; 47,824,792 and 0 shares at September 30, 2016 and December 31, 2015, respectively (at redemption value of approximately $10.00 per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

478

478

478

-

Shareholders’ equity
Additional paid-in capital

2,982

2,975

2,967

2,846

2,839

2,833

2,827

2,819

2,814

2,767

2,704

2,700

2,369

2,364

5

4

4

0

Retained earnings (accumulated deficit)

-265

282

272

276

258

266

235

196

132

66

36

21

0

-8

-0

0

0

-0

Total shareholders’ equity

2,716

3,258

3,239

3,122

3,098

3,100

3,063

3,015

2,946

2,834

2,740

2,722

2,370

2,355

5

5

5

0

Noncontrolling interest

10

12

13

144

143

143

141

142

138

169

205

203

195

197

-

-

-

-

Total equity

2,726

3,270

3,253

3,267

3,241

3,243

3,205

3,158

3,085

3,003

2,946

2,925

2,566

2,552

-

-

-

-

TOTAL LIABILITIES AND EQUITY

4,106

4,688

4,646

4,535

4,478

4,260

4,017

3,838

3,692

3,616

3,274

3,098

2,653

2,651

501

501

501

0

Preferred Stock Series A
Preferred stock, $0.0001 par value, 1,000,000 shares authorized:

0

0

0

0

0

0

-

-

-

0

-

-

-

-

0

0

0

0

Class A
Common stock, $0.0001 par value, 620,000,000 shares authorized:

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Convertible Class C
Common stock, $0.0001 par value, 620,000,000 shares authorized:

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Class C
Common stock

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-