WHITING PETROLEUM CORP WLL Balance Sheet

Whiting petroleum corp (WLL)

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	Dec'09
ASSETS
Current assets:
Cash and cash equivalents
566	8	-	6	1	13	14	16	30	879	11	23	16	55	18	15	1	16	37	60	105	78	28	227	406	699	1,025	23	8	44	26	6	9	15	6	11	5	18	3	15	11
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable trade, net
245	308	294	292	278	294	315	287	270	284	225	210	184	173	216	233	261	332	354	454	505	543	453	464	378	341	361	345	331	318	345	293	293	262	230	211	244	199	182	169	152
Derivative assets
179	0	45	25	5	68	-	-	-	-	-	26	-	-	34	49	127	158	125	32	110	135	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	7	-
Prepaid expenses and other
35	13	15	17	19	22	22	38	27	26	32	30	42	26	17	21	28	27	39	50	41	86	30	41	38	27	13	26	26	21	21	23	24	20	31	20	21	14	14	9	11
Assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	349	-	-	-	-	-	-	-	-	-	-	-	-	-	701	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
1,027	330	355	343	305	398	352	342	328	1,189	269	291	244	622	286	319	419	535	558	597	762	842	511	733	822	1,069	1,400	1,096	366	384	392	323	328	298	268	243	270	233	200	201	176
Property and equipment:
Oil and gas properties, successful efforts method
6,023	12,812	12,717	12,618	12,395	12,195	11,994	11,667	11,473	11,293	12,797	13,604	13,395	13,230	13,721	14,179	14,128	13,904	13,795	15,698	15,680	14,949	12,164	11,421	10,642	10,065	-	-	-	9,211	-	-	-	-	-	-	-	-	-	-	-
Proved properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,880	9,021	9,405	-	8,317	7,765	7,335	7,221	6,724	6,337	5,955	5,661	5,392	5,152	4,870
Unproved properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	415	381	340	-	366	382	372	354	362	319	296	226	177	123	100
Other property and equipment
179	178	176	168	169	134	134	137	134	134	134	136	132	134	135	159	165	168	164	292	294	276	257	234	225	206	176	169	171	141	152	155	148	150	144	140	108	98	89	94	100
Total property and equipment
6,202	12,990	12,894	12,787	12,565	12,329	12,129	11,805	11,608	11,428	12,931	13,740	13,527	13,365	13,856	14,339	14,293	14,072	13,960	15,990	15,975	15,226	12,421	11,655	10,867	10,271	10,473	9,572	9,918	9,353	8,836	8,303	7,856	7,727	7,231	6,797	6,360	5,986	5,659	5,370	5,072
Less accumulated depreciation, depletion and amortization
2,760	5,735	5,528	5,391	5,190	5,003	4,809	4,620	4,429	4,244	4,734	4,699	4,482	4,222	4,188	3,925	3,625	3,323	3,013	3,388	3,338	3,083	3,431	3,158	2,889	2,676	2,907	2,691	2,788	2,590	2,416	2,238	2,070	2,088	1,961	1,845	1,737	1,630	1,546	1,450	1,274
Total property and equipment, net
3,441	7,255	7,365	7,395	7,374	7,326	7,320	7,184	7,178	7,183	8,197	9,041	9,045	9,143	9,668	10,414	10,668	10,749	10,946	12,601	12,636	12,142	8,989	8,496	7,977	7,595	7,566	6,881	7,130	6,763	6,419	6,064	5,785	5,638	5,270	4,951	4,623	4,355	4,113	3,920	3,798
Deferred income taxes
-	-	-	-	23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	875	875	875	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	76	80	85	-	45	47	45	48	51	27	26	28	27	29	31	33	31	33	32	34	22	19	24
DERIVATIVE ASSETS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-
Other long-term assets
57	50	53	36	48	34	36	34	25	29	35	72	98	110	110	72	93	104	91	59	91	131	69	81	136	120	108	112	118	95	89	92	73	74	76	58	52	25	30	22	30
TOTAL ASSETS
4,526	7,636	7,774	7,775	7,751	7,759	7,709	7,561	7,532	8,403	8,502	9,405	9,387	9,876	10,065	10,805	11,181	11,389	11,672	14,213	14,452	13,993	9,617	9,358	8,981	8,833	9,126	8,117	7,642	7,272	6,929	6,510	6,219	6,045	5,647	5,286	4,978	4,648	4,366	4,172	4,029
LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt
3,423	-	256	542	-	-	-	-	-	958	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	250	250	250	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable trade
66	80	52	85	66	42	77	88	86	32	65	70	46	32	41	36	77	77	124	89	104	62	77	144	116	107	92	105	107	131	141	102	93	56	30	77	70	35	55	13	14
Revenues and royalties payable
192	202	200	186	195	228	184	180	161	171	130	130	141	147	138	129	124	179	178	223	207	254	204	214	197	198	195	160	140	149	137	116	119	103	104	100	75	82	75	-	46
Accrued capital expenditures
63	64	130	89	96	73	74	64	76	69	107	95	85	56	45	48	79	94	125	189	198	429	226	216	210	158	158	104	109	110	112	109	121	142	112	96	97	84	73	56	29
Accrued liabilities and other
52	74	65	65	60	33	109	98	76	51	23	24	31	63	60	55	60	50	142	148	171	80	109	219	109	144	200	149	143	170	175	146	169	157	133	115	113	153	113	-	110
Accrued lease operating expenses
33	38	47	40	45	37	-	-	-	36	37	45	49	45	34	40	47	55	-	-	-	85	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69	-
Production Participation Plan liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72	113	113	-	-	73	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest
32	53	33	56	35	55	35	59	38	40	24	40	24	44	9	54	51	62	73	67	42	67	18	43	17	44	-	-	-	10	-	-	-	-	-	-	-	-	-	10	-
Deposit received on properties held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes payable
13	26	22	28	28	31	38	33	29	28	23	20	30	39	45	47	41	47	63	65	54	63	71	69	55	50	61	44	39	33	42	35	36	31	34	31	26	30	28	-	21
Derivative liabilities
-	10	-	-	-	-	106	149	99	132	25	23	23	17	-	-	-	-	-	-	-	-	-	24	11	-	20	9	18	21	33	23	87	73	20	61	140	69	33	26	49
Oil and gas sales payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64	-
Accrued employee compensation and benefits
-	-	-	-	-	35	-	-	-	30	23	16	9	31	23	16	8	32	-	-	-	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	-
Liabilities related to assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55	18	30	-	11	10	8	0	9	9	10	9	10	11	4	1	2	3	4	4	4	5	11
Tax sharing liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-
Total current liabilities
3,878	550	806	1,094	527	536	625	673	567	1,553	459	468	443	478	397	427	491	599	763	802	881	1,160	832	941	727	777	988	928	819	636	652	543	634	567	438	484	528	459	384	301	282
Long-term debt
-	2,799	2,605	2,303	2,839	2,792	2,835	2,778	2,861	2,764	2,931	3,274	3,168	3,535	4,085	4,960	5,334	5,197	5,254	5,245	5,236	5,602	2,753	2,653	2,653	2,653	2,653	2,000	1,850	1,800	1,600	1,420	1,240	1,380	1,200	1,060	980	800	700	649	779
Derivative liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1	7	17	43	47	31	98	146	95	91	73	137
Production Participation Plan liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	91	87	95	106	98	94	86	80	81	80	84	83	81	81	78	75	69
Asset retirement obligations
132	131	132	133	136	131	147	135	131	129	157	171	174	168	164	163	153	155	137	146	182	167	170	157	146	116	99	89	89	86	57	55	54	61	82	80	77	76	73	72	66
Operating lease obligations
30	31	33	13	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
69	73	-	-	-	1	-	-	-	-	162	401	438	475	738	408	528	593	586	1,216	1,281	1,278	1,529	1,436	1,345	1,278	1,284	1,190	1,113	1,063	1,012	960	877	823	786	662	549	539	500	464	341
Production taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	-
Deferred gain on sale
-	-	-	-	-	-	-	-	-	-	-	-	34	-	38	41	-	48	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	-
Deferred gain on sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44	-	52	55	58	60	64	68	72	79	88	95	103	110	117	126	135	29	32	35	39	41	47	50	58
Tax sharing liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21	-
Other long-term liabilities
20	24	27	29	32	27	36	34	36	36	76	93	65	69	36	39	36	34	27	40	21	20	4	4	4	4	26	26	25	25	27	26	26	25	26	25	24	23	25	3	23
Total liabilities
4,131	3,611	3,604	3,575	3,549	3,489	3,645	3,622	3,597	4,483	3,786	4,409	4,324	4,726	5,461	6,040	6,588	6,630	6,822	7,506	7,662	8,290	5,355	5,261	5,040	4,996	5,236	4,437	4,101	3,819	3,562	3,230	3,094	3,016	2,683	2,531	2,427	2,117	1,901	1,410	1,759
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	0	0	-	0	-	-	-
Equity:
Preferred stock, $0.001 par value, 5,000,000 shares authorized; 6.25% convertible perpetual preferred stock, no shares authorized, issued or outstanding as of December 31, 2013 and 172,391 shares issued and outstanding as of December 31, 2012
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, $0.001 par value, 225,000,000 shares authorized; 91,636,883 issued and 91,412,448 outstanding as of March 31, 2020 and 91,743,571 issued and 91,326,469 outstanding as of December 31, 2019
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	0
Additional paid-in capital
6,408	6,409	6,407	6,419	6,415	6,414	6,411	6,408	6,406	6,405	6,403	6,397	6,390	6,389	5,671	5,138	4,665	4,659	4,652	4,645	4,577	3,385	1,590	1,583	1,579	1,583	1,578	1,572	1,568	1,566	1,562	1,557	1,552	1,554	1,550	1,547	1,543	1,549	1,547	1,545	1,546
Accumulated other comprehensive loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-0	-1	-1	-1	-0	-0	0	1	2	3	5	8	10	20
Accumulated deficit
-6,013	-2,385	-2,237	-2,218	-2,212	-2,143	-2,347	-2,469	-2,471	-2,486	-1,688	-1,401	-1,335	-1,248	-1,075	-382	-81	90	189	2,054	2,203	2,309	2,663	2,505	2,353	2,244	2,304	2,100	1,965	1,879	1,797	1,715	1,564	1,466	1,403	1,197	994	975	909	904	702
Total equity
394	4,024	4,169	4,200	4,202	4,270	4,063	3,939	3,935	3,919	4,715	4,996	5,055	5,141	4,596	4,756	4,584	4,750	4,841	6,699	6,781	5,694	4,254	4,089	3,933	3,828	3,881	3,672	3,532	3,444	3,358	3,271	3,116	3,020	2,955	2,747	2,542	2,531	2,465	2,460	2,270
Noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	7	7	7	7	7	7	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	0	-	-	-
Total equity
-	-	-	-	-	-	-	-	-	-	4,715	4,996	5,063	5,149	4,604	4,764	4,592	4,758	4,850	6,707	6,789	5,703	4,262	4,097	3,941	3,836	3,890	3,680	3,540	3,453	3,367	3,279	3,125	3,029	2,964	2,755	2,551	2,531	-	-	-
TOTAL LIABILITIES AND EQUITY
4,526	7,636	7,774	7,775	7,751	7,759	7,709	7,561	7,532	8,403	8,502	9,405	9,387	9,876	10,065	10,805	11,181	11,389	11,672	14,213	14,452	13,993	9,617	9,358	8,981	8,833	9,126	8,117	7,642	7,272	6,929	6,510	6,219	6,045	5,647	5,286	4,978	4,648	4,366	4,172	4,029