Southwestern Energy Company SWN Balance Sheet

Southwestern energy company (SWN)

Balance Sheet / Quarterly

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	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Dec'08
ASSETS
Current assets:
Cash and cash equivalents
5	5	29	155	366	201	9	37	958	916	989	1,111	1,382	1,423	1,474	998	1,597	15	15	37	17	53	20	20	18	23	18	25	17	53	18	41	206	15	13	13	17	16	14	13	13	13	9	2	196
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	7	8	127	144	-	-	69	85	-	-	354	355	-	-	-	-	-
Accounts receivable, net
292	345	323	358	390	581	397	416	382	428	360	351	310	363	274	235	224	327	355	386	491	530	457	513	542	464	444	445	387	377	297	272	299	341	346	336	339	351	297	294	269	263	199	213	254
Inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33	34	39	37	37	38	38	38	43	38	30	28	30	34	37	46	46	33	33	35	30	29	24	30	30	32	50
Derivative assets
627	278	239	209	87	130	104	71	110	130	91	83	58	51	93	16	35	3	112	185	295	337	117	40	11	71	197	246	133	282	300	443	620	514	315	183	128	130	202	168	194	163	230	349	343
Other current assets
48	51	42	42	44	44	41	43	38	35	36	34	39	35	48	29	28	48	55	57	46	158	29	51	72	48	35	36	41	58	71	66	64	60	44	34	38	47	61	49	69	95	64	67	38
Current assets held for sale
-	-	-	-	-	-	64	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
972	679	633	764	887	956	615	567	1,488	1,509	1,476	1,579	1,789	1,872	1,889	1,278	1,884	393	570	699	888	1,115	660	662	683	644	739	792	616	808	846	1,003	1,228	978	836	686	557	580	961	911	571	564	533	664	883
Natural gas and oil properties, using the full cost method, including $1,437 million as of March 31, 2020 and $1,506 million as of December 31, 2019 excluded from amortization
25,488	25,250	25,060	24,823	24,486	24,180	24,880	24,611	24,224	23,890	23,575	23,248	22,942	22,653	22,421	22,657	22,610	22,478	22,127	21,663	21,516	20,506	14,945	14,440	13,773	13,294	12,863	12,402	11,766	11,283	10,855	10,428	10,080	9,544	8,974	8,570	8,212	7,749	7,243	6,849	6,801	6,329	6,015	5,692	4,836
Gathering systems
-	-	-	-	38	-	38	1,322	1,318	1,315	1,311	1,307	1,306	1,299	1,281	1,280	1,281	1,280	1,274	1,267	1,485	1,439	1,415	1,381	1,344	1,306	1,282	1,242	1,187	1,148	1,087	1,055	1,006	980	958	923	863	817	762	685	595	547	500	435	341
Gas in underground storage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	13	13
Other
523	520	522	555	509	525	479	576	562	564	568	553	536	537	588	592	602	606	616	619	626	612	685	730	709	703	677	623	607	597	564	568	556	535	511	480	441	413	377	342	232	305	179	156	138
Total property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,643	-	10,444	9,973	9,516	8,980	8,382	7,877	7,629	7,181	6,709	6,298	5,328
Less: Accumulated depreciation, depletion and amortization
22,095	20,503	20,383	20,279	20,162	20,049	19,928	20,276	20,136	19,997	19,904	19,767	19,641	19,534	19,501	18,582	18,002	16,821	14,038	10,934	9,144	8,845	8,652	8,462	8,225	8,006	7,786	7,574	7,380	7,191	6,131	5,628	4,617	4,415	4,230	4,042	3,861	3,682	3,515	3,353	3,166	3,054	2,882	2,767	1,615
Total property and equipment, net
3,916	5,267	5,199	5,099	4,871	4,656	5,469	6,233	5,968	5,772	5,550	5,341	5,143	4,955	4,789	5,947	6,491	7,543	9,979	12,615	14,483	13,712	8,393	8,089	7,602	7,297	7,036	6,694	6,181	5,836	6,375	6,424	7,026	6,645	6,214	5,931	5,655	5,298	4,867	4,523	4,462	4,127	3,827	3,531	3,713
Operating lease assets
152	159	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets
0	407	398	410	426	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term assets
387	771	368	272	262	185	194	242	257	240	176	230	264	249	212	152	143	150	176	190	216	98	124	136	137	107	117	148	118	91	134	210	299	279	163	124	127	138	164	155	97	78	97	142	163
Long-term assets held for sale
-	-	-	-	-	-	780	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL ASSETS
5,275	6,717	6,598	6,545	6,446	5,797	7,058	7,042	7,713	7,521	7,202	7,150	7,196	7,076	6,890	7,377	8,518	8,086	10,725	13,504	15,587	14,925	9,177	8,887	8,423	8,048	7,894	7,635	6,916	6,737	7,356	7,639	8,554	7,902	7,214	6,742	6,340	6,017	5,992	5,590	5,132	4,770	4,458	4,338	4,760
LIABILITIES AND EQUITY
Liabilities [Abstract]
Current liabilities:
Current portion of long-term debt
-	-	52	52	52	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	1	1	1	1	1	1	1	1	1	1	61
Short-term debt
-	-	-	-	-	-	-	-	-	-	40	40	266	41	1	1	1	1	1	1	1	4,501	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
465	525	539	585	626	609	563	642	555	533	502	473	436	473	423	296	346	513	615	578	606	653	690	688	642	507	601	574	553	459	468	484	512	514	487	536	487	473	435	445	430	404	348	364	451
Taxes payable
52	59	55	52	62	58	32	58	50	62	55	64	50	59	47	61	52	64	49	62	72	92	69	66	55	68	48	80	48	62	36	61	48	40	28	37	36	50	24	29	27	25	21	23	31
Interest payable
54	51	57	53	58	52	60	68	64	70	21	67	29	74	31	75	32	75	32	76	31	34	14	34	14	33	14	33	14	34	14	34	13	20	10	19	10	19	9	19	9	19	9	20	20
Advances from partners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	24	68	110	116	118	84	96	89	93	81	78	79	56	52	71	83	70
Hedging liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	-	9	4	7	7	9	17	11	20	12	5	10
Current deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	50	91	109	32	-	-	24	75	95	48	106	116	167	234	194	115	63	44	44	72	57	68	0	81	130	122
Dividends payable
-	-	-	-	-	-	-	-	-	27	27	27	27	27	27	27	27	27	27	27	25	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative liabilities
268	125	85	67	50	79	111	66	40	64	97	127	280	355	100	76	8	3	6	9	11	9	36	72	-	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current operating lease liabilities
32	34	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
43	54	92	103	95	48	10	24	23	24	42	23	33	35	20	55	12	24	28	37	108	30	47	26	123	48	66	62	41	35	14	21	17	31	17	14	15	15	14	13	11	12	15	15	10
Current liabilities held for sale
-	-	-	-	-	-	116	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
914	848	880	912	943	846	892	858	732	780	784	821	1,121	1,064	649	591	478	707	782	840	945	5,428	888	886	835	688	809	847	731	767	761	885	960	884	766	767	695	693	646	664	618	536	561	644	780
Long-term debt
2,279	2,242	2,219	2,267	2,267	2,318	3,572	3,570	4,393	4,391	4,396	4,341	4,364	4,612	4,651	5,767	6,442	4,704	4,663	4,539	5,163	2,466	1,806	1,838	1,827	1,950	1,911	1,897	1,703	1,668	1,695	1,668	1,669	1,342	1,271	1,215	1,202	1,093	1,289	1,178	1,017	997	958	869	674
Long-term operating lease liabilities
114	119	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	448	1,522	2,009	1,951	1,913	1,832	1,694	1,532	1,388	1,260	1,131	1,049	1,313	1,374	1,660	1,586	1,461	1,323	1,203	1,130	1,061	937	859	811	632	554	721
Long-term hedging liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	4	32	60	40	25	58	2	3	10	4	5
Pension and other postretirement liabilities
40	43	39	39	43	46	50	55	58	58	46	46	47	49	51	51	50	50	48	46	45	44	17	17	16	16	34	34	33	33	18	16	20	20	13	14	18	15	11	13	14	12	12	13	15
Other long-term liabilities
227	219	325	245	256	225	162	309	337	313	324	369	386	434	416	395	398	343	347	339	368	374	260	272	249	240	229	221	235	183	141	94	91	99	88	81	75	79	78	73	67	67	53	44	44
Long-term liabilities held for sale
-	-	-	-	-	-	177	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total long-term liabilities
2,660	2,623	2,583	2,551	2,566	2,589	3,961	3,934	4,788	4,762	4,766	4,756	4,797	5,095	5,118	6,213	6,892	5,097	5,506	6,446	7,585	4,835	3,996	3,959	3,787	3,738	3,564	3,414	3,103	2,933	3,168	3,154	1,772	3,048	1,568	1,452	1,357	1,265	1,176	1,082	943	895	708	616	787
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	-	-	-	-	-	-	-
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]
Equity:
Common stock, $0.01 par value; 1,250,000,000 shares authorized; issued 586,023,435 shares as of March 31, 2020 and 585,555,923 shares as of December 31, 2019
6	6	6	6	6	6	6	6	6	5	5	5	5	5	5	4	4	4	4	4	4	4	4	4	3	4	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3
Preferred stock, $0.01 par value, 10,000,000 shares authorized, 6.25% Series B Mandatory Convertible, $1,000 per share liquidation preference, 1,725,000 shares issued and outstanding as of December 31, 2017, converted to common stock on January 12, 2018
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional paid-in capital
4,728	4,726	4,723	4,720	4,717	4,715	4,714	4,709	4,703	4,698	4,698	4,697	4,687	4,677	4,673	3,418	3,403	3,409	3,396	3,384	3,372	1,019	1,005	996	985	969	960	952	946	934	928	916	911	903	880	874	870	862	848	842	837	833	827	822	811
Accumulated deficit
-2,798	-1,251	-1,361	-1,410	-1,548	-2,142	-2,449	-2,420	-2,471	-2,679	-3,013	-3,090	-3,374	-3,725	-3,515	-2,807	-2,214	-1,082	1,051	2,818	3,633	3,577	3,265	3,054	2,846	2,653	2,508	2,322	2,076	1,949	2,304	2,358	2,763	2,656	2,497	2,322	2,155	2,018	1,868	1,708	1,586	1,414	1,256	1,138	1,449
Accumulated other comprehensive loss
-33	-33	-31	-32	-36	-36	-40	-44	-44	-44	-37	-38	-39	-39	-39	-41	-44	-48	-13	13	48	62	19	-12	-34	-4	48	95	55	149	192	321	474	408	229	108	59	83	155	106	119	84	136	238	247
Treasury stock, shares (in shares)
44	44	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock in treasury, 44,353,224 shares as of March 31, 2020 and December 31, 2019
202	202	202	202	202	181	26	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0	-	-	0	0	0	0	0	1	1	2	2	2	2	2	2	3	4	4	4	4	4	4	4
Total equity
1,701	3,246	3,135	3,082	2,937	2,362	2,205	2,250	2,193	1,979	1,652	1,573	1,278	917	1,123	573	1,148	2,282	4,437	6,218	7,057	4,662	4,293	4,042	-	3,622	-	-	-	-	-	-	-	-	-	-	-	-	2,871	2,656	2,542	2,331	2,219	2,198	2,507
Noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	9	9	9	9	9	10
Total equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,800	-	3,519	3,373	3,081	3,035	3,427	3,598	4,151	3,969	3,608	3,306	3,085	2,964	2,880	2,665	2,552	2,340	2,229	2,208	2,517
TOTAL LIABILITIES AND EQUITY
5,275	6,717	6,598	6,545	6,446	5,797	7,058	7,042	7,713	7,521	7,202	7,150	7,196	7,076	6,890	7,377	8,518	8,086	10,725	13,504	15,587	14,925	9,177	8,887	8,423	8,048	7,894	7,635	6,916	6,737	7,356	7,639	8,554	7,902	7,214	6,742	6,340	6,017	5,992	5,590	5,132	4,770	4,458	4,338	4,760