ULTRA PETROLEUM CORP. UPL Balance Sheet

Ultra petroleum corp. (UPL)

Balance Sheet / Yearly

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
1	3	5	10	17	13	5	17	16	5	5	479	401	343	269	281	4	25	5	33	8	1	5	7	10	4	6	14	12	59	15	2	11	12	6	22	70	7	8	6	14	12	9	14
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	435	3	-	3	3	1	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	0	1	1	1	1	1	1	2
Restricted cash
1	3	2	2	2	1	1	1	1	401	-	-	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil and gas revenue receivable and other receivables, net of allowances $11,266 and $8,350, respectively
-	52	55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil and gas revenue receivable
71	-	-	86	133	65	64	69	86	71	76	63	79	66	52	46	61	71	75	72	111	96	98	118	84	74	87	81	81	62	59	73	88	90	93	86	95	68	78	89	82	-	-	78
Joint interest billing and other receivables net of allowances $11,967 and $8,350, respectively
6	-	-	6	11	25	20	20	16	19	14	11	10	10	14	14	11	18	21	31	32	19	26	15	17	12	17	29	26	21	38	48	82	75	62	63	48	48	57	40	29	-	-	48
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	116	117	-
Derivative asset
32	41	58	10	23	12	14	25	16	4	8	0	-	-	-	-	-	19	55	111	104	2	0	0	1	1	4	-	0	52	143	289	230	146	93	104	133	161	66	93	4	30	125	39
Income tax receivable
0	-	-	-	6	6	6	6	10	6	0	0	2	5	5	5	5	-	-	-	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	12	-	-	0
Inventory
-	-	17	18	-	20	17	18	13	10	7	7	4	3	4	4	4	-	-	-	10	-	-	-	-	-	-	-	-	-	-	-	-	1	2	3	2	4	3	4	4	4	6	8
Deposits and retainers
-	-	-	-	-	-	-	-	-	0	0	12	13	13	13	13	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	-	-	-	3	-	-	-	14	-	-	-	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
10	10	3	2	21	2	3	4	5	10	11	5	6	5	3	6	-	13	11	20	-	16	15	15	-	3	4	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid drilling costs and other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	5	13	7	8	7	10	9	8	8	15	4	3	2	6
Total current assets
125	111	142	138	214	147	134	164	167	529	559	584	521	452	364	372	91	148	169	270	277	136	144	158	128	96	120	129	125	202	262	426	419	334	267	290	361	300	224	251	153	170	263	198
Proven
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	851	-	-	-	3,636	-	-	-	2,008	-	-	-	1,657	2,095	2,617	3,809	3,651	3,411	3,106	2,823	2,589	2,337	2,110	1,890	1,794	1,705	1,594	2,294
Oil and gas properties, net, using the full cost method of accounting:
Proven
1,552	1,587	1,576	1,543	1,497	1,459	1,485	1,415	1,325	1,315	1,186	1,072	1,010	958	918	901	-	3,760	3,731	3,686	-	3,420	2,178	2,078	-	1,750	1,719	1,683	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unproven properties not being amortized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	246	240	237	242	385	399	410	413	-	-	-	0	0	46	541	537	526	524	490	486	469	391	320	0	0	0	55
Property, plant and equipment
9	10	10	11	11	10	10	10	9	8	7	7	7	7	7	8	8	9	9	10	12	32	219	217	216	212	212	211	212	271	248	266	246	180	168	161	149	133	105	87	73	5	5	5
Long-term right-of-use assets
119	122	125	127	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	3	15	34	30	0	0	0	0	-	-	-	0	11	44	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Derivative Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	17	10	4	2	28	18	15	2	-	2	0
Long Term Restricted Cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28	-	-	0
Other
8	15	18	13	9	8	10	14	10	8	8	33	1	1	1	0	0	22	27	27	26	28	16	17	18	10	10	11	11	12	12	13	14	7	7	7	7	5	6	6	7	9	7	3
Total assets
1,815	1,846	1,873	1,834	1,733	1,625	1,641	1,605	1,512	1,862	1,762	1,699	1,540	1,420	1,292	1,282	952	4,191	4,194	4,266	4,225	4,003	2,958	2,881	2,785	2,068	2,062	2,035	2,007	2,593	3,232	5,058	4,869	4,478	4,085	3,778	3,595	3,275	2,855	2,572	2,060	1,891	1,873	2,558
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable
13	-	-	-	36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-	19	34	36	-	29	41	54	59	68	59	51	28	24	20	42	93	72	61	55	77	75	59	51	54	44	39	59	67	-	-	-	105	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities
42	49	53	62	58	77	75	72	80	303	237	114	53	46	35	64	72	65	52	63	89	80	85	89	79	77	87	75	121	-	-	-	190	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	143	179	265	-	239	236	192	210	181	177	127	119	110	106	163
Production taxes payable
53	73	55	84	58	72	55	74	51	63	45	62	44	63	44	51	52	59	58	52	55	46	46	43	40	38	39	47	47	60	59	59	62	61	61	53	53	45	47	63	60	73	73	61
Revolving credit facility, at face value
64	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt, at face value
1,928	-	-	-	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Add: Premium on exchange transaction
203	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Unamortized deferred financing costs and discount
46	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current portion of long-term debt, net
2,150	9	9	9	7	4	2	-	-	-	-	-	-	0	0	3,739	3,370	62	62	62	100	100	100	100	0	-	-	-	-	-	-	-	-	278	154	-	-	-	-	-	-	-	-	-
Interest payable
29	23	34	28	28	41	20	41	24	219	-	-	-	-	-	-	42	-	-	-	46	-	-	-	31	-	-	-	30	-	-	-	30	-	-	-	26	-	-	-	12	-	-	-
Interest payable
-	-	-	-	-	-	-	-	-	-	20	-	-	0	0	84	-	41	42	43	-	18	31	16	-	8	30	8	-	8	30	8	-	8	29	7	-	-	-	-	-	-	-	-
Capital cost accrual
1	9	13	16	15	16	18	24	32	32	20	11	12	9	5	9	20	25	30	33	45	51	134	168	173	170	183	185	247	239	246	195	209	156	111	83	84	124	112	91	64	68	60	120
Lease liabilities
11	11	11	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current deferred tax liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	15	34	30	-	-	-	0	-	-	-	-	11	44	97	73	44	26	28	42	54	21	33	0	-	-	-
Derivative liability
20	11	20	38	62	61	54	21	-	-	-	13	-	-	-	-	-	0	0	0	0	2	40	62	27	0	6	44	0	5	2	0	0	0	0	2	0	0	0	1	35	35	3	1
Total current liabilities
2,324	209	232	288	267	304	268	289	248	687	383	253	138	143	105	3,993	3,651	330	324	346	445	374	497	532	407	339	387	422	514	469	563	627	670	788	620	368	418	405	360	316	291	288	243	347
Long-term debt
Revolving credit facility, at face value
-	64	59	38	104	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt, at face value
-	1,917	1,917	1,915	1,932	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt
-	-	-	-	-	-	-	-	2,175	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Add: Premium on exchange transaction
203	214	225	235	228	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Unamortized deferred financing costs and discount
46	49	51	54	56	-	-	-	58	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt
-	-	-	-	-	-	-	-	-	-	2,016	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total long-term debt, net
2,150	2,147	2,149	2,135	2,208	2,118	2,176	2,118	2,116	2,134	-	-	-	-	-	-	-	3,346	3,368	3,379	3,278	3,326	2,337	2,325	2,470	1,860	1,880	1,933	1,837	2,160	2,117	2,019	1,903	1,560	1,560	1,648	1,560	1,326	1,181	1,046	795	730	764	570
Non-current derivative liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1	5	5	0	4	4	50	93	72	0
Deferred income tax liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	0	-	-	-	-	0	0	658	635	588	526	475	420	386	336	297	239	188	206	503
Deferred gain on sale of liquids gathering system
-	-	-	-	94	97	99	102	105	107	110	113	115	118	121	123	126	128	131	134	136	139	142	144	147	150	152	155	158	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Long-term lease liabilities
107	110	113	116	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term obligations
228	223	233	207	211	199	211	191	197	190	191	172	177	164	167	177	165	171	155	168	152	158	104	106	91	95	83	87	76	74	64	80	67	76	59	68	52	63	48	51	35	38	29	46
Total liabilities
2,660	2,690	2,729	2,748	2,781	2,719	2,756	2,702	2,667	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities not subject to compromise
-	-	-	-	-	-	-	-	-	3,119	2,702	539	431	426	394	-	3,943	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities subject to compromise
-	-	-	-	-	-	-	-	-	0	0	4,176	4,038	3,889	3,894	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commitments and contingencies (Note 14)
-	-	-	-	-	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:
Common stock — As of December 31, 2019 no par value; authorized — unlimited; issued and outstanding shares — 197,888,473 and as of December 31, 2018 no par value; authorized — 750,000,000; issued and outstanding shares — 197,383,295
2,140	2,140	2,139	2,138	2,137	2,131	2,129	2,126	2,116	2,108	2,098	511	510	507	506	504	502	504	500	498	495	493	489	490	487	482	482	478	474	470	465	462	463	457	452	434	426	418	413	399	377	363	356	346
Treasury stock
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6	0	0	1	1	2	2	3	0	0	0	0	14	7	0	-	0	-	-	-	10	30	31	45
Retained loss
-2,985	-2,983	-2,995	-3,052	-3,186	-3,225	-3,243	-3,223	-3,270	-3,366	-3,038	-3,527	-3,438	-3,403	-3,501	-3,515	-3,493	-289	-285	-261	-278	-487	-612	-716	-816	-857	-921	-1,037	-1,051	-579	22	1,209	1,145	1,013	864	777	712	674	511	457	281	215	224	774
Accumulated Other Comprehensive Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	7	15
Total shareholders’ deficit
-844	-843	-856	-914	-1,048	-1,094	-1,114	-1,096	-1,154	-1,257	-940	-3,016	-2,928	-2,895	-2,996	-3,011	-2,991	214	214	237	211	5	-123	-227	-331	-376	-441	-562	-577	-109	488	1,672	1,593	1,463	1,316	1,212	1,138	1,092	924	856	648	551	557	1,090
Total liabilities and shareholders’ equity
1,815	1,846	1,873	1,834	1,733	1,625	1,641	1,605	1,512	1,862	1,762	1,699	1,540	1,420	1,292	1,282	952	4,191	4,194	4,266	4,225	4,003	2,958	2,881	2,785	2,068	2,062	2,035	2,007	2,593	3,232	5,058	4,869	4,478	4,085	3,778	3,595	3,275	2,855	2,572	2,060	1,891	1,873	2,558