Qep resources, inc. (QEP)
Balance Sheet / Yearly
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'11Sep'11Jun'11Dec'10
ASSETS
Current Assets
Cash and cash equivalents

70

166

92

97

89

0

0

0

0

0

782

178

338

443

1,032

1,038

616

376

495

445

500

1,160

0

702

3

11

123

139

0

0

0

146

0

0

0

0

0

Accounts receivable, net

81

108

104

93

80

104

191

175

130

140

120

165

136

155

135

132

115

278

316

330

319

441

599

555

586

330

321

489

432

387

274

236

303

397

355

340

269

Income tax receivable

165

37

75

70

68

75

4

5

4

4

17

12

18

18

22

170

170

87

-

55

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of derivative contracts

370

1

69

2

0

87

14

23

3

3

3

48

-

0

0

1

134

146

183

163

311

339

32

0

0

0

39

104

85

188

187

268

333

273

225

183

257

Hydrocarbon inventories, at lower of average cost or net realizable value

-

-

-

-

-

-

-

-

2

-

6

8

6

10

10

7

7

13

12

10

7

13

16

8

7

13

13

3

7

13

14

11

10

16

16

11

16

Prepaid expenses and other current assets

9

11

8

7

7

12

11

9

9

10

10

10

12

11

7

21

20

30

32

38

37

46

50

66

61

45

49

49

50

68

49

42

40

43

35

33

45

Other current assets

-

-

-

0

0

0

0

0

0

3

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes - current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

50

50

27

0

6

18

0

-

-

-

-

-

-

-

Current assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

138

-

-

122

-

-

-

-

-

-

-

-

-

-

-

Total Current Assets

697

325

350

271

246

280

221

214

149

162

941

424

512

640

1,209

1,371

1,065

931

1,040

1,044

1,176

2,001

837

1,384

710

551

546

793

593

657

619

795

775

731

719

655

654

Property, Plant and Equipment (successful efforts method for oil and gas properties)
Proved properties

9,729

9,574

9,416

9,316

9,250

9,096

11,717

12,852

12,676

8,081

11,847

14,840

14,492

14,232

13,684

13,556

13,472

13,314

12,911

12,686

12,558

12,278

11,723

11,231

12,401

11,571

11,038

10,802

10,502

10,234

9,882

8,822

8,468

8,172

7,780

7,503

6,874

Unproved properties

565

599

698

706

706

705

1,034

1,041

1,073

1,028

703

729

881

871

658

670

678

691

839

814

821

825

1,120

1,120

1,102

665

911

919

961

937

983

305

316

326

326

323

322

Midstream

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

197

1,735

1,719

-

1,670

1,650

1,647

1,634

1,605

1,550

1,510

1,463

1,430

1,393

1,360

Gathering and other

164

164

162

169

171

167

369

359

383

111

311

305

307

301

300

297

296

297

298

298

296

293

95

92

89

282

80

77

69

64

56

53

51

49

47

45

44

Materials and supplies

16

15

19

20

29

29

37

32

38

24

34

39

33

32

31

29

31

38

35

41

50

54

55

66

64

54

63

62

60

61

94

90

86

87

87

85

65

Total Property, Plant and Equipment

10,476

10,353

10,297

10,212

10,157

10,000

13,159

14,285

14,171

9,245

12,896

15,914

15,714

15,438

14,674

14,554

14,478

14,342

14,084

13,840

13,727

13,452

13,191

14,244

15,377

12,573

13,764

13,511

13,241

12,933

12,527

10,731

10,346

10,100

9,585

9,265

8,601

Less Accumulated Depreciation, Depletion and Amortization
Exploration and production

5,339

5,250

5,153

5,050

4,994

4,882

6,160

7,267

6,660

3,315

6,492

9,069

8,980

8,797

8,604

8,440

8,252

6,870

6,653

6,415

6,357

6,153

4,915

4,680

5,146

4,930

4,747

4,624

4,458

4,258

3,977

3,763

3,519

3,339

2,963

2,800

2,454

Midstream

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34

441

425

-

394

382

372

357

342

327

312

297

283

270

244

Gathering and other

63

61

58

58

61

58

121

116

130

63

111

107

106

101

99

95

90

87

82

77

72

67

29

26

24

50

20

21

19

18

16

16

15

14

14

13

12

Total Accumulated Depreciation, Depletion and Amortization

5,403

5,311

5,211

5,109

5,055

4,940

6,281

7,383

6,791

3,378

6,604

9,177

9,087

8,899

8,704

8,535

8,343

6,957

6,736

6,492

6,430

6,220

4,979

5,148

5,595

4,981

5,162

5,027

4,850

4,634

4,337

4,107

3,847

3,651

3,261

3,083

2,711

Net Property, Plant and Equipment

5,073

5,042

5,085

5,103

5,102

5,059

6,877

6,901

7,380

5,866

6,292

6,737

6,627

6,539

5,970

6,018

6,135

7,384

7,348

7,347

7,297

7,231

8,212

9,096

9,781

7,592

8,602

8,483

8,390

8,299

8,189

6,623

6,499

6,448

6,324

6,181

5,890

Investment in unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36

38

-

39

40

41

41

41

41

42

42

44

44

44

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59

59

59

59

59

59

59

59

59

59

59

Fair value of derivative contracts

19

0

23

15

6

35

0

5

4

0

1

28

21

0

0

0

20

23

17

6

13

9

12

1

3

1

5

18

2

4

35

76

115

123

116

109

120

Operating lease right-of-use assets, net

55

56

57

60

61

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

50

-

-

-

0

-

-

-

-

-

-

-

Other noncurrent assets

51

53

54

54

53

49

58

56

74

45

112

75

73

66

95

91

60

58

50

35

36

44

39

44

45

46

53

51

57

46

50

40

40

37

33

24

16

Noncurrent assets held for sale

-

-

0

0

0

692

0

211

-

1,320

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncurrent assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,174

-

-

1,167

-

-

-

-

-

-

-

-

-

-

-

Total Other Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

196

TOTAL ASSETS

5,895

5,477

5,570

5,504

5,470

6,117

7,157

7,389

7,608

7,394

7,347

7,265

7,235

7,245

7,275

7,481

7,282

8,398

8,456

8,433

8,524

9,286

10,276

10,562

10,579

9,408

9,306

9,447

9,143

9,108

8,996

7,637

7,533

7,442

7,296

7,075

6,785

LIABILITIES AND EQUITY
Current Liabilities
Checks outstanding in excess of cash balances

4

18

0

5

10

14

15

8

19

44

0

11

9

12

4

0

0

29

12

7

15

54

36

5

78

109

1

95

99

39

27

0

58

29

26

18

19

Accounts payable and accrued expenses

243

227

206

227

216

258

335

388

400

360

388

305

296

269

259

213

204

351

409

463

453

575

691

692

581

361

593

496

455

643

464

373

380

457

455

430

332

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

532

-

-

-

8

-

-

-

-

-

-

-

-

-

-

-

Production and property taxes

7

18

17

15

22

24

40

36

31

31

37

33

30

30

40

39

41

46

58

59

45

61

73

65

62

54

58

50

46

41

56

47

43

40

40

31

18

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

36

94

84

2

-

-

0

9

0

0

5

41

31

57

85

20

2

27

Current portion of long term debt

331

0

51

51

51

-

-

-

-

-

134

134

-

-

0

176

176

176

176

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

0

-

58

Interest payable

31

31

33

32

33

32

33

32

33

26

32

32

32

32

32

37

33

36

33

36

33

36

34

37

34

37

34

38

34

36

23

33

8

24

6

24

28

Fair value of derivative contracts

0

18

0

17

60

0

200

155

116

103

13

1

45

169

34

46

0

0

-

1

-

0

4

109

71

26

10

2

15

2

2

2

0

1

39

75

139

Current operating lease lease liabilities

18

18

18

18

20

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset retirement obligations

6

6

6

6

5

5

5

6

10

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

161

-

-

75

-

-

-

-

-

-

-

-

-

-

-

Total Current Liabilities

642

338

335

376

419

334

630

626

613

568

606

519

414

514

371

514

456

641

738

604

642

1,344

1,004

910

827

673

707

683

650

769

616

487

549

637

589

582

624

Long-term debt

1,587

2,015

2,029

2,028

2,026

2,507

2,451

2,649

2,458

2,160

1,890

1,889

2,022

2,020

2,019

2,017

2,016

2,014

2,041

2,218

2,218

2,218

3,115

3,910

3,919

2,997

2,882

3,405

3,367

3,206

3,180

1,866

1,673

1,679

1,582

1,572

1,472

Deferred income taxes

469

274

208

181

151

269

398

397

504

518

895

894

872

825

899

920

1,033

1,479

1,423

1,381

1,348

1,362

1,500

1,597

1,601

1,364

1,494

1,603

1,496

1,493

1,505

1,563

1,554

1,484

1,535

1,470

1,377

Asset retirement obligations

93

94

95

94

96

96

155

154

200

104

189

225

227

225

213

207

207

204

187

184

196

193

162

188

204

163

168

179

197

191

176

172

167

163

160

155

148

Fair value of derivative contracts

0

0

0

0

1

0

52

49

32

34

2

0

0

32

19

33

3

4

-

1

-

0

0

16

2

-

0

0

3

3

4

2

0

0

0

-

0

Operating lease liabilities

42

44

45

47

49

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

33

48

86

85

89

97

93

97

103

101

125

102

114

123

117

108

108

105

92

94

98

92

90

113

108

94

129

123

141

130

135

129

130

124

103

109

99

Other long-term liabilities held for sale

-

-

0

0

0

61

0

52

-

109

-

-

-

-

-

-

-

-

-

-

-

-

402

-

-

238

-

-

-

-

-

-

-

-

-

-

-

Commitments and contingencies (Note 11)

-

-

-

-

-

-

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

EQUITY
Common stock – par value $0.01 per share; 500.0 million shares authorized; 247.0 million and 242.1 million shares issued, respectively

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

1

1

1

1

1

1

1

Treasury stock – 4.8 million and 4.4 million shares, respectively

56

55

54

53

51

45

44

41

39

34

33

30

29

22

22

20

18

14

10

11

11

25

25

23

20

14

14

12

11

3

11

24

23

13

11

10

3

Additional paid-in capital

1,459

1,456

1,451

1,446

1,440

1,431

1,424

1,415

1,408

1,398

1,390

1,382

1,375

1,366

1,359

1,352

931

554

544

538

530

535

527

518

508

498

489

480

472

462

455

450

442

431

423

416

398

Retained earnings

1,632

1,269

1,384

1,308

1,259

1,376

2,002

1,994

2,336

2,442

2,292

2,295

2,250

2,173

2,306

2,357

2,554

3,418

3,459

3,442

3,522

3,587

3,025

2,857

2,953

2,917

2,973

2,940

2,765

2,773

2,805

2,820

2,825

2,673

2,677

2,579

2,420

Accumulated other comprehensive income (loss)

-12

-12

-14

-14

-14

-14

-9

-10

-10

-11

-14

-14

-14

-16

-11

-11

-12

-12

-23

-23

-23

-24

-23

-24

-25

-26

-24

-5

13

32

77

118

161

207

184

145

194

Total Common Shareholders' Equity

3,026

2,660

2,770

2,689

2,636

2,750

3,374

3,361

3,696

3,797

3,637

3,635

3,583

3,502

3,635

3,680

3,457

3,947

3,972

3,947

4,019

4,075

3,505

3,330

3,417

3,376

3,426

3,404

3,241

3,266

3,329

3,367

3,408

3,301

3,275

3,132

3,010

Noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

494

495

498

500

498

46

46

47

48

49

49

50

50

51

52

Total Equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,075

4,000

3,825

3,915

3,876

3,924

3,451

3,287

3,313

3,377

3,416

3,457

3,352

3,326

3,184

3,063

TOTAL LIABILITIES AND EQUITY

5,895

5,477

5,570

5,504

5,470

6,117

7,157

7,389

7,608

7,394

7,347

7,265

7,235

7,245

7,275

7,481

7,282

8,398

8,456

8,433

8,524

9,286

10,276

10,562

10,579

9,408

9,306

9,447

9,143

9,108

8,996

7,637

7,533

7,442

7,296

7,075

6,785