Laredo petroleum, inc. (LPI)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11
Assets
Current assets:
Cash and cash equivalents

62

40

31

55

44

45

50

36

55

112

20

35

30

32

30

19

12

31

76

57

569

29

55

399

547

198

265

43

31

33

29

146

12

28

Accounts receivable, net

75

85

82

76

107

94

117

101

97

100

89

72

78

86

81

88

85

87

100

110

110

126

103

95

80

77

77

89

88

83

82

71

88

74

Derivative Asset, Current

270

51

97

47

7

39

3

8

15

6

15

42

27

20

64

88

166

198

184

123

195

194

11

1

3

15

0

7

1

4

5

20

17

13

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

13

1

3

2

9

17

12

8

-

6

5

Restricted deposit on pending sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44

-

-

-

-

-

-

Other current assets

18

22

12

12

13

13

18

23

16

15

16

17

15

14

14

14

16

14

14

22

27

14

18

20

17

12

7

4

5

3

2

5

8

2

Current assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

Total current assets

427

200

224

192

172

192

189

169

185

235

142

167

152

154

190

211

280

332

375

314

901

365

190

530

650

307

352

199

144

137

128

244

133

122

Property and equipment:
Oil and natural gas properties, full cost method:
Evaluated properties

7,610

7,421

7,186

7,080

6,951

6,752

6,589

6,432

6,240

6,070

5,863

5,703

5,560

5,488

5,403

5,309

5,216

5,103

4,895

4,824

4,692

4,446

4,021

3,698

3,432

3,276

3,099

3,350

3,187

2,993

2,791

2,551

2,305

2,083

Unevaluated properties not being depleted

130

142

65

95

92

130

147

156

160

175

211

203

215

221

215

114

116

140

225

290

307

342

427

225

255

208

202

146

132

159

138

127

119

117

Less accumulated depletion and impairment

5,799

5,725

5,438

4,975

4,913

4,854

4,798

4,746

4,699

4,657

4,616

4,578

4,544

4,514

4,480

4,448

4,417

4,218

3,212

2,239

1,680

1,586

1,530

1,467

1,414

1,364

1,317

1,261

1,195

1,139

1,072

1,008

-

896

Total property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,331

5,324

5,200

-

4,595

4,045

3,789

3,569

3,373

3,558

3,375

3,253

3,022

2,765

2,504

2,275

Oil and natural gas properties, net

1,940

1,839

1,813

2,200

2,130

2,029

1,938

1,843

1,701

1,589

1,459

1,328

1,231

1,195

1,139

975

915

1,024

-

-

-

3,203

-

-

-

-

-

-

-

-

-

-

-

-

Midstream service assets, net

118

128

130

131

131

130

132

134

137

138

130

128

125

126

126

128

130

131

149

148

139

108

102

80

57

51

35

29

26

74

68

63

59

58

Other fixed assets, net

32

32

33

37

39

39

42

42

42

40

41

41

44

44

39

40

42

43

62

60

60

42

43

42

42

32

37

31

29

25

24

21

19

16

Property and equipment held for sale, net of accumulated depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

45

-

-

-

-

-

Less accumulated depreciation, depletion, amortization and impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

948

-

Property and equipment, net

2,091

2,000

1,977

2,369

2,300

2,199

2,113

2,020

1,882

1,768

1,631

1,499

1,401

1,366

1,305

1,144

1,087

1,200

2,119

3,085

3,520

3,354

3,064

2,578

2,374

2,204

2,056

2,342

2,225

2,113

1,949

1,756

1,556

1,378

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

68

86

-

-

-

-

-

-

27

31

43

49

58

64

74

90

Derivative Asset, Noncurrent

48

23

46

25

5

11

0

3

4

3

4

12

9

8

21

32

63

77

97

80

118

117

5

0

0

79

14

8

1

2

2

12

6

6

Operating lease right-of-use assets

24

28

16

18

19

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

33

-

29

31

32

25

24

27

28

29

30

31

22

23

Investment in equity method investee (see Note 4.a)

-

-

-

-

-

-

-

-

-

-

276

249

247

243

229

213

194

192

160

103

72

58

40

40

22

5

3

3

0

0

-

-

-

-

Other noncurrent assets, net

12

12

12

12

16

16

17

15

15

16

11

12

7

8

8

8

10

10

11

5

8

15

1

0

0

0

0

4

1

5

5

5

5

5

Noncurrent assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4

-

-

-

-

-

Total assets

2,604

2,264

2,277

2,619

2,514

2,420

2,319

2,209

2,087

2,023

2,066

1,941

1,818

1,782

1,756

1,610

1,637

1,813

2,832

3,702

4,655

3,910

3,332

3,181

3,081

2,623

2,480

2,617

2,449

2,338

2,174

2,115

1,798

1,627

Liabilities and stockholders' equity
Current liabilities:
Accounts payable and accrued liabilities

65

40

53

51

76

69

86

74

88

58

-

-

-

52

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued capital expenditures

52

36

24

32

36

29

38

73

39

82

70

53

44

30

36

39

43

61

49

95

118

148

140

129

126

116

80

87

98

121

97

92

67

91

Accounts payable

-

-

-

-

-

-

-

-

-

-

22

10

24

-

20

14

23

14

23

23

30

39

55

18

8

16

30

31

29

48

52

49

73

46

Short-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

551

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued payable - affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

20

9

3

-

-

-

0

-

-

-

-

Undistributed revenue and royalties

28

33

29

44

51

48

53

45

40

37

33

32

27

26

24

25

26

34

38

44

46

65

49

44

34

35

30

35

34

36

32

31

30

26

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

68

45

73

-

-

-

-

0

-

-

-

-

-

-

-

-

Accrued compensation and benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

10

6

10

7

8

5

11

Derivative Liability, Current

0

7

0

1

11

7

44

44

17

22

4

0

3

20

1

1

-

0

0

0

0

0

4

44

21

10

12

5

12

1

1

0

5

4

Operating lease liabilities

12

14

7

9

10

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

26

22

-

22

26

6

20

Restricted deposit on pending sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44

-

-

-

-

-

-

Other current liabilities

25

39

29

30

16

44

37

45

53

75

93

74

62

57

77

72

62

106

112

101

73

101

66

78

59

72

18

18

19

44

16

15

16

14

Current liabilities held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

6

-

-

-

-

-

Total current liabilities

185

170

145

170

203

200

259

283

239

277

223

172

162

187

160

153

156

216

291

310

892

353

318

334

259

253

207

264

230

262

232

224

205

214

Long-term debt, net

1,257

1,170

979

1,029

1,064

983

963

902

847

791

1,440

1,390

1,349

1,353

1,353

1,392

1,476

1,416

1,415

1,425

1,300

1,779

1,576

1,501

1,501

1,051

1,051

1,446

1,351

1,216

1,101

1,051

781

636

Derivative Liability, Noncurrent

-

-

-

-

3

-

20

5

0

0

0

0

0

5

3

3

0

0

-

-

-

-

1

36

5

2

1

0

6

3

3

0

7

2

Deferred income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

106

176

49

15

13

16

-

-

-

0

-

-

-

-

Asset retirement obligations

61

60

56

55

54

53

55

54

54

53

52

51

50

50

49

46

45

44

32

33

32

31

26

22

22

21

16

15

14

21

16

15

13

12

Operating lease liabilities

13

17

11

12

11

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other noncurrent liabilities

5

3

5

7

6

8

5

3

3

134

3

3

3

3

3

3

3

4

4

4

4

6

6

5

3

5

7

5

2

3

2

2

1

1

Noncurrent liabilities held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

8

-

-

-

-

-

Total liabilities

1,524

1,422

1,198

1,275

1,343

1,246

1,304

1,250

1,145

1,257

1,720

1,616

1,565

1,601

1,569

1,600

1,682

1,681

1,743

1,773

2,335

2,347

1,978

1,916

1,805

1,351

1,284

1,741

1,614

1,506

1,357

1,293

1,009

867

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

-

Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized and zero issued as of March 31, 2020 and December 31, 2019

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value, 450,000,000 shares authorized and 239,400,163 and 237,292,086 issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

1

1

1

1

1

1

1

1

1

1

1

1

1

Additional paid-in capital

2,388

2,385

2,381

2,381

2,381

2,375

2,365

2,364

2,380

2,432

2,421

2,410

2,400

2,396

2,384

2,216

2,089

2,086

2,079

2,071

2,064

1,309

1,301

1,294

1,287

1,283

1,275

968

963

961

958

956

953

951

Accumulated deficit

-1,310

-1,545

-1,304

-1,039

-1,212

-1,203

-1,352

-1,408

-1,441

-1,669

-2,077

-2,088

-2,149

-2,218

-2,199

-2,209

-2,137

-1,957

-992

-144

252

252

51

-32

-13

-12

-81

-93

-129

-130

-142

-135

-166

-192

Treasury stock, at cost, zero and 7,609 common shares at December 31, 2013 and 2012, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

Total stockholders' equity

1,079

841

1,079

1,344

1,171

1,174

1,015

959

941

765

346

324

252

180

187

9

-45

131

1,088

1,928

2,319

1,563

1,354

1,264

1,275

1,272

1,195

875

835

831

817

822

788

760

Total liabilities and stockholders' equity

2,604

2,264

2,277

2,619

2,514

2,420

2,319

2,209

2,087

2,023

2,066

1,941

1,818

1,782

1,756

1,610

1,637

1,813

2,832

3,702

4,655

3,910

3,332

3,181

3,081

2,623

2,480

2,617

2,449

2,338

2,174

2,115

1,798

1,627