Matador Resources Company MTDR Balance Sheet

Matador resources company (MTDR)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11
Deferred gain on sale of property, current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	5	5	4	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
ASSETS
Current assets
Cash
27	40	15	59	20	64	45	122	27	96	20	131	209	212	20	40	118	16	13	53	6	8	7	14	14	6	6	5	4	2	4	9	2	10
Restricted cash
29	25	25	24	25	19	7	21	25	5	10	15	14	1	1	0	0	44	0	1	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Certificates of deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	1
Accounts receivable
Oil and natural gas revenues
52	95	86	66	74	68	81	74	68	65	49	39	40	34	27	25	14	16	23	34	26	28	33	33	31	25	26	25	22	24	17	11	17	9
Joint interest billings
70	67	74	61	56	61	55	71	62	67	53	37	27	19	18	16	16	16	13	19	12	6	9	9	5	4	2	1	4	4	4	2	2	2
Other
30	26	23	18	19	16	10	4	7	8	5	7	7	5	5	5	5	10	9	6	7	9	1	1	1	1	1	0	0	0	0	1	1	1
Derivative instruments
121	0	15	8	4	49	0	5	0	1	0	7	1	0	0	0	11	16	28	23	47	55	3	0	0	0	1	3	1	4	6	16	10	8
Assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease and well equipment inventory
11	10	14	20	18	17	18	12	8	5	4	2	2	3	3	3	1	2	2	2	1	1	1	0	0	0	0	0	0	0	1	1	1	1
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4	2	1	1	-	1	0	-	-	-	-
Prepaid expenses and other current assets
13	13	13	12	8	8	6	8	6	6	5	5	5	3	3	3	3	3	2	3	3	1	1	2	2	2	3	1	1	1	0	1	1	1
Total current assets
356	278	269	273	229	305	225	320	206	257	150	246	309	279	81	94	173	127	126	145	105	112	59	67	58	42	43	38	37	38	35	44	38	36
Property and equipment, at cost
Oil and natural gas properties, full-cost method
Evaluated
4,724	4,557	4,363	4,094	3,943	3,780	3,506	3,338	3,187	3,004	2,842	2,694	2,531	2,408	2,341	2,272	2,192	2,122	2,018	1,938	1,785	1,617	1,469	1,278	1,198	1,090	951	912	830	763	654	564	489	423
Unproved and unevaluated
1,169	1,126	1,166	1,234	1,235	1,199	1,241	692	644	637	600	567	564	479	445	397	381	387	392	394	449	264	269	277	222	194	213	168	151	149	164	166	162	162
Midstream properties
711	643	557	492	457	428	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other property and equipment
27	27	26	25	24	22	408	360	327	281	240	204	175	160	141	122	108	86	60	80	64	43	35	32	31	29	29	28	27	27	24	22	21	18
Less accumulated depletion, depreciation and amortization
2,746	2,655	2,554	2,462	2,383	2,306	2,234	2,164	2,097	2,041	1,987	1,939	1,898	1,864	1,832	1,802	1,693	1,583	1,329	998	717	603	559	524	493	468	445	419	398	349	295	269	216	205
Net property and equipment
3,887	3,699	3,560	3,383	3,277	3,122	2,921	2,228	2,061	1,881	1,697	1,526	1,373	1,184	1,095	990	989	1,012	1,142	1,414	1,581	1,322	1,214	1,063	959	845	748	690	610	591	548	482	456	399
Other assets
Derivative instruments
11	0	4	2	-	-	-	-	-	-	0	2	2	-	-	-	0	-	2	-	-	-	1	0	0	0	0	3	1	0	1	5	0	0
Other assets
Deferred income taxes
-	-	0	7	18	20	-	-	-	0	-	-	-	-	-	-	-	-	9	-	-	-	-	-	0	-	0	0	-	0	1	4	-	1
Other long-term assets
78	91	102	85	58	6	6	6	6	7	0	0	0	0	0	0	1	1	0	0	0	0	2	2	2	1	2	1	1	1	1	0	0	0
Total other assets
89	91	107	94	76	26	-	-	-	7	1	3	3	-	-	-	1	-	11	-	0	0	4	2	2	1	3	5	2	2	5	10	1	3
Total assets
4,333	4,069	3,936	3,751	3,583	3,455	3,154	2,555	2,275	2,145	1,848	1,777	1,686	1,464	1,177	1,086	1,164	1,140	1,280	1,560	1,687	1,434	1,277	1,133	1,021	890	795	734	650	632	588	537	497	439
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable
17	25	40	19	48	66	32	25	31	11	13	7	5	4	4	9	5	10	16	14	61	17	15	18	6	25	20	35	19	28	17	16	5	18
Accrued Liabilities, Current
197	200	222	191	173	170	178	133	191	174	158	151	111	101	93	80	84	92	102	122	128	107	119	105	109	63	50	48	40	59	50	36	43	25
Royalties payable
85	85	64	66	57	64	67	69	62	61	53	35	30	23	21	16	12	16	21	19	11	14	13	13	9	7	10	6	7	6	5	5	3	1
Amounts due to affiliates
0	19	14	10	4	13	12	8	3	10	12	5	2	8	7	4	3	5	2	2	-	2	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under Credit Agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	25
Derivative instruments
0	1	-	-	0	0	19	4	4	16	3	1	8	24	10	9	0	0	-	-	-	-	0	10	6	2	4	0	2	0	0	-	3	0
Note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances from joint interest owners
11	14	7	4	4	10	12	18	8	2	4	5	2	1	3	5	3	0	0	0	1	0	-	-	-	-	0	0	2	1	1	-	-	-
Amounts due to joint ventures
0	0	0	1	2	2	2	3	3	4	4	4	5	4	4	3	3	2	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	8	16	-	0	-	-	0	0	0	-	0	1	5	2	3
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2	0	0	0	0	2	3	1	0	0	0	0	0	0	-	-	-
Dividends payable - Class B
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0
Other current liabilities
47	51	53	42	38	1	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
Total current liabilities
359	399	403	336	328	330	326	263	306	282	252	212	167	169	151	136	119	136	153	166	232	142	152	150	132	100	85	91	72	96	77	64	58	74
Long-term liabilities
Borrowings under Credit Agreement
315	255	215	205	140	40	325	-	-	0	-	-	-	-	65	-	-	-	0	-	410	338	250	150	270	200	145	245	205	150	106	60	15	88
Long-term Line of Credit
-	-	-	-	-	220	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under San Mateo Credit Facility
307	288	260	240	220	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Senior unsecured notes payable
1,039	1,039	1,039	1,038	1,038	1,037	740	574	574	574	574	573	573	573	392	391	391	391	390	390	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Asset retirement obligations
37	35	33	30	30	29	28	26	25	25	23	22	21	19	19	18	17	15	13	13	13	11	10	9	9	7	6	5	5	5	4	4	4	3
Derivative instruments
0	1	0	0	0	0	4	5	0	0	0	0	0	0	3	7	2	0	-	0	0	-	0	1	0	0	-	-	0	0	0	-	2	0
Deferred income taxes
84	37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative instruments
-	-	-	-	-	-	-	-	-	-	0	0	0	-	2	3	3	-	4	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts due to joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	-	-	3	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	21	14	12	13	-	-	-	0	-	-	-	-	-	-	-	-	0	25	106	73	42	30	20	10	3	-	1	0	-	-	2	29
Deferred gain on sale of property, non-current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	97	99	100	102	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
35	43	52	44	21	4	6	6	6	6	6	6	7	7	7	7	4	2	1	2	2	2	3	3	3	2	2	2	1	1	1	1	1	1
Total long-term liabilities
1,819	1,700	1,620	1,574	1,463	1,345	1,105	612	606	605	603	602	603	603	588	527	519	515	410	437	532	425	306	195	302	221	157	252	213	156	112	65	25	93
Commitments and contingencies
-	-	-	-	-	-	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
Shareholders’ equity
Preferred stock - Series A, $0.01 par value, 2,000,000 shares authorized; 150,000 and zero shares issued and outstanding, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock - $0.01 par value, 160,000,000 shares authorized; 116,671,325 and 116,644,246 shares issued; and 116,564,598 and 116,642,899 shares outstanding, respectively
1	1	1	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Additional paid-in capital
2,014	1,981	1,970	1,955	1,946	1,924	1,923	1,916	1,684	1,666	1,455	1,453	1,444	1,325	1,176	1,172	1,169	1,026	1,023	1,021	830	724	734	732	550	548	548	405	404	404	403	402	402	263
Accumulated deficit
-22	-148	-172	-216	-253	-236	-372	-390	-450	-510	-548	-563	-592	-636	-740	-752	-646	-538	-308	-66	90	140	94	64	46	30	14	-5	-30	-15	6	15	22	18
Treasury stock, at cost, 106,727 and 1,347 shares, respectively
1	0	4	3	3	0	4	2	2	0	1	0	0	0	-	-	-	-	-	-	0	-	10	10	10	10	10	10	10	10	10	10	10	10
Total Matador Resources Company shareholders’ equity
1,991	1,833	1,795	1,736	1,690	1,688	1,547	1,524	1,232	1,156	906	889	852	690	436	421	524	488	715	955	922	866	818	787	586	568	552	390	364	379	399	407	414	271
Non-controlling interest in subsidiaries
163	135	117	104	100	90	175	155	130	100	86	72	63	1	1	1	0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Total shareholders’ equity
2,154	1,969	1,912	1,840	1,791	1,779	1,722	1,679	1,362	1,257	992	962	915	691	437	422	525	488	716	956	922	866	-	-	-	568	-	-	-	-	-	-	-	-
Total liabilities and shareholders’ equity
4,333	4,069	3,936	3,751	3,583	3,455	3,154	2,555	2,275	2,145	1,848	1,777	1,686	1,464	1,177	1,086	1,164	1,140	1,280	1,560	1,687	1,434	1,277	1,133	1,021	890	795	734	650	632	588	537	497	439