UNIT CORPORATION UNT Balance Sheet

Unit corporation (UNT)

Balance Sheet / TTM

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	Dec'09
ASSETS
Current assets:
Cash and cash equivalents
0	0	0	3	6	91	104	0	0	0	0	8	0	0	0	0	0	0	0	0	1	0	1	1	18	1	1	1	0	1	1	1	0	1	1	1	1	1	1	1
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Accounts receivable, net of allowance for doubtful accounts of $2,332 and $2,531 at December 31, 2019 and December 31, 2018, respectively
82	77	89	93	119	122	113	98	111	116	94	81	83	71	67	68	79	101	108	134	189	179	177	187	139	141	156	151	146	160	161	166	165	153	139	134	130	107	90	74
Materials and supplies
0	0	0	0	0	0	0	0	0	3	3	3	3	3	3	3	3	7	7	7	5	8	8	8	10	10	9	9	8	10	8	7	8	8	6	6	6	6	6	6
Current derivative asset (Note 14)
0	5	8	3	12	0	0	0	0	1	3	-	0	0	0	13	10	11	14	26	31	4	0	0	0	4	9	3	16	14	42	26	31	41	5	0	5	19	25	9
Current income taxes receivable
1	2	2	2	2	-	-	0	0	0	0	0	-	0	2	20	21	4	1	-	0	-	-	-	-	1	3	0	0	-	-	-	0	11	19	19	25	5	12	15
Current deferred tax asset (Note 8)
-	-	-	-	-	-	-	-	-	0	0	0	25	8	8	8	14	8	11	11	11	13	13	13	13	9	8	11	8	10	10	10	10	10	11	19	13	12	14	14
Assets held for sale (Note 3)
5	17	19	19	22	-	-	-	0	-	-	-	-	0	0	0	0	5	12	-	0	0	0	0	15	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other
13	12	9	7	6	9	8	7	6	7	6	7	7	8	6	8	9	11	9	9	13	13	10	12	12	12	10	12	13	12	12	11	11	9	6	7	6	5	4	6
Total current assets
105	117	130	131	170	223	227	108	119	128	109	100	121	93	89	124	140	150	166	190	252	220	211	223	212	181	199	189	195	210	236	224	228	235	189	189	188	158	156	128
Property and equipment:
Oil and natural gas properties, on the full cost method:
Proved properties
6,341	6,312	6,212	6,104	6,018	5,901	5,809	5,762	5,712	5,605	5,540	5,461	5,446	5,434	5,420	5,387	5,401	5,229	5,173	5,089	4,990	4,696	4,544	4,353	4,235	4,061	4,015	3,907	3,822	3,641	3,525	3,400	3,302	3,166	2,973	2,858	2,738	2,591	2,495	2,309
Unproved properties not being amortized
252	282	336	339	330	332	325	305	296	337	337	328	314	322	321	330	337	454	460	465	485	584	555	557	545	589	543	538	521	578	208	189	185	184	184	181	175	194	191	140
Drilling equipment
1,295	1,290	1,284	1,279	1,284	1,632	1,612	1,601	1,593	1,593	1,587	1,572	1,565	1,568	1,567	1,569	1,567	1,563	1,667	1,659	1,620	1,569	1,526	1,482	1,477	1,484	1,487	1,484	1,478	1,469	1,467	1,448	1,423	1,386	1,353	1,313	1,273	1,255	1,236	1,217
Gas gathering and processing equipment
824	806	798	781	767	751	736	731	726	715	711	707	705	700	697	691	689	669	650	634	628	606	592	556	549	538	511	484	461	398	337	303	278	258	236	208	199	191	182	172
Saltwater disposal systems
69	69	69	69	68	67	65	63	62	62	62	60	60	60	60	60	60	60	60	59	56	-	-	-	44	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate land and building
59	59	59	59	59	59	59	59	59	59	59	59	59	58	56	55	49	-	-	-	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transportation equipment
29	30	30	30	29	29	29	29	29	29	29	29	32	33	34	38	40	40	40	41	40	40	40	40	39	39	39	39	37	37	36	35	34	33	33	33	31	32	32	30
Other
57	57	57	57	57	56	56	56	53	53	52	50	48	47	45	45	45	82	75	66	41	107	101	95	42	74	70	66	62	53	44	40	37	35	32	30	28	24	23	22
Property, plant and equipment, gross, total
8,931	8,907	8,847	8,721	8,615	8,830	8,695	8,608	8,534	8,457	8,379	8,269	8,233	8,225	8,204	8,178	8,191	8,099	8,129	8,016	7,880	7,605	7,360	7,085	6,934	6,787	6,668	6,519	6,384	6,179	5,618	5,417	5,261	5,065	4,812	4,625	4,446	4,290	4,161	3,892
Less accumulated depreciation, depletion, amortization, and impairment
6,978	6,522	6,289	6,225	6,182	6,325	6,263	6,207	6,151	6,099	6,044	5,996	5,952	5,915	5,818	5,700	5,609	5,053	4,752	4,243	3,747	3,480	3,380	3,279	3,212	3,133	3,061	2,982	2,907	2,660	2,593	2,395	2,319	2,242	2,172	2,106	2,047	1,992	1,944	1,879
Net property and equipment
1,952	2,385	2,557	2,496	2,432	2,505	2,431	2,401	2,382	2,358	2,334	2,273	2,281	2,310	2,385	2,478	2,581	3,046	3,376	3,772	4,133	4,124	3,979	3,805	3,722	3,653	3,606	3,537	3,477	3,519	3,025	3,022	2,942	2,822	2,640	2,518	2,399	2,297	2,216	2,013
Debt issuance cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	9	9	10	10	11	11	11	12	12	13	13	13	5	5	5	5	5	-	0	-	-	-
Goodwill (Note 3)
0	0	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62
Non-current derivative asset (Note 11)
-	0	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-	0	0	-	-	-	1	4	-	-	1	9	0	4	23	3	0	2	5	4	0
Right of use asset (Note 16)
5	7	8	4	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other intangible assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	1	1	1	2	2	2	3	3	3	5
Other assets
26	29	33	34	32	28	28	27	16	16	15	15	13	14	14	15	14	14	14	15	14	12	12	13	13	13	13	11	11	12	12	10	11	12	12	12	12	17	17	18
Total assets
2,090	2,539	2,793	2,729	2,698	2,820	2,749	2,599	2,581	2,565	2,523	2,452	2,479	2,481	2,552	2,681	2,799	3,284	3,629	4,050	4,473	4,431	4,277	4,116	4,022	3,924	3,899	3,814	3,761	3,821	3,353	3,328	3,256	3,165	2,917	2,786	2,669	2,544	2,461	2,228
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable
84	80	131	132	151	143	114	131	112	116	106	75	88	56	72	67	87	97	105	131	218	237	207	160	154	132	118	131	138	145	127	120	143	105	88	108	89	65	60	55
Accrued liabilities (Note 7)
46	73	45	48	47	67	49	52	48	60	39	46	39	57	46	52	46	68	55	58	70	83	65	65	64	78	58	53	54	82	55	47	51	60	35	27	30	42	34	34
Current operating lease liability (Note 16)
3	4	4	2	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of long-term debt (Note 8)
108	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes payable
-	-	-	-	-	1	4	-	-	-	-	-	-	-	-	-	-	0	0	0	0	15	10	10	7	-	-	0	0	2	0	1	0	-	-	-	0	-	-	-
Contract advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	0	2	2	1	1	5	2	3	2	3
Current derivative liabilities (Note 13)
-	-	-	-	-	13	18	12	7	0	1	5	21	5	9	-	0	-	-	-	-	0	15	14	5	6	0	13	1	0	0	2	2	0	10	25	14	1	1	2
Current portion of other long-term liabilities (Note 8)
17	15	13	14	14	14	14	14	13	14	14	15	14	16	17	19	16	16	16	15	15	14	14	11	12	11	12	12	12	11	11	11	12	10	10	9	10	9	10	9
Total current liabilities
260	173	194	197	213	239	200	210	181	191	160	142	164	135	146	139	150	182	177	207	304	351	314	263	243	229	189	212	207	247	195	186	212	178	146	176	147	122	109	105
Long-term debt less debt issuance costs (Note 8)
663	784	756	685	644	643	643	790	820	803	806	790	800	854	875	898	918	908	926	883	812	676	645	645	645	645	715	715	716	645	332	315	300	305	250	185	163	135	130	30
Non-current derivative liabilities (Note 14)
0	0	0	0	0	1	0	0	0	0	0	0	0	0	3	0	0	-	-	-	0	-	0	-	-	0	0	1	0	1	0	1	0	0	1	9	4	3	0	1
Operating lease liability (Note 16)
2	2	3	1	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities (Note 8)
95	96	102	103	101	101	102	104	100	105	100	101	103	103	103	106	140	136	141	142	148	147	168	145	158	158	160	157	166	164	115	110	113	112	92	90	88	87	81	79
Deferred income taxes (Note 10)
13	91	142	144	144	164	158	136	133	213	211	204	215	197	211	254	275	438	560	725	876	888	853	827	801	773	753	718	695	734	708	714	683	658	613	579	556	513	484	446
Commitments and contingencies (Note 17)
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-
Shareholders' equity:
Preferred stock, $1.00 par value, 5,000,000 shares authorized, none issued
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	0	0	0	0	0	0
Common stock, $0.20 par value, 175,000,000 shares authorized, 55,443,393 and 54,055,600 shares issued as of December 31, 2019 and 2018, respectively
10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9
Capital in excess of par value
644	644	638	633	628	626	622	541	535	531	527	505	502	499	497	494	486	481	481	476	468	460	455	449	445	441	435	430	423	419	417	413	408	404	401	400	393	390	393	383
Accumulated other comprehensive loss (net of tax ($155) at December 31, 2018) (Note 19)
0	0	-0	-0	-0	-0	-0	-0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-0	1	-3	7	9	30	13	19	37	-3	-20	-6	12	17	4
Retained earnings
199	534	741	749	752	830	811	805	799	710	706	697	681	679	703	776	817	1,126	1,331	1,606	1,854	1,897	1,829	1,775	1,718	1,666	1,632	1,573	1,533	1,590	1,543	1,562	1,510	1,458	1,405	1,355	1,314	1,270	1,236	1,167
Total shareholders' equity attributable to Unit Corporation
853	1,188	1,389	1,392	1,390	1,467	1,444	1,357	1,345	1,251	1,244	1,213	1,194	1,189	1,211	1,281	1,313	1,617	1,823	2,092	2,332	2,367	2,294	2,234	2,173	2,116	2,079	2,010	1,974	2,028	2,000	1,999	1,947	1,910	1,813	1,744	1,710	1,682	1,656	1,565
Non-controlling interests in consolidated subsidiaries
201	202	203	202	202	201	199	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total shareholders' equity
1,055	1,391	1,593	1,595	1,593	1,669	1,643	-	1,345	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and shareholders' equity
2,090	2,539	2,793	2,729	2,698	2,820	2,749	2,599	2,581	2,565	2,523	2,452	2,479	2,481	2,552	2,681	2,799	3,284	3,629	4,050	4,473	4,431	4,277	4,116	4,022	3,924	3,899	3,814	3,761	3,821	3,353	3,328	3,256	3,165	2,917	2,786	2,669	2,544	2,461	2,228