CIMAREX ENERGY CO XEC Balance Sheet

Cimarex energy co (XEC)

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
88	94	23	19	20	800	863	410	463	400	422	519	578	652	698	641	676	779	899	856	120	405	563	128	4	4	4	4	18	69	5	96	4	2	57	13	54	114	148	142	62	2	2	2	1
Accounts receivable, net of allowance:
Short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	2
Trade
138	57	75	111	123	122	112	128	90	100	101	85	69	42	-	-	-	81	-	-	-	134	-	-	-	83	-	-	-	55	-	-	-	58	-	-	-	60	-	-	-	41	-	-	73
Oil and gas sales
187	384	342	267	329	315	346	304	313	344	286	236	238	217	-	-	-	136	-	-	-	259	-	-	-	265	-	-	-	239	-	-	-	245	-	-	-	218	-	-	-	176	-	-	136
Gas gathering, processing, and marketing
3	5	6	7	13	17	12	11	11	15	14	13	11	14	-	-	-	6	-	-	-	18	-	-	-	19	-	-	-	7	-	-	-	7	-	-	-	7	-	-	-	6	-	-	6
Other
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	47	-	-	-	25	-	-	-	3	-	-	41
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0
Receivables, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	226	229	192	-	260	319	339	-	430	449	403	-	391	381	333	-	335	251	361	-	343	293	308	-	232	217	267	-	173	181	-
Oil and gas well equipment and supplies
45	47	49	58	62	55	55	53	54	49	54	45	37	33	34	37	44	54	65	75	81	89	93	85	84	66	69	66	73	81	77	91	84	85	82	78	79	81	99	111	128	145	166	191	186
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	6	10	13	13	13	14	16	13	18	12	8	2	1	5	2	2	4	9	4	-	-	-	15	8	9	2
Derivative instruments
200	17	49	42	35	101	31	72	36	15	6	19	6	0	1	1	11	10	1	-	-	-	1	-	0	4	7	7	0	-	0	5	-	-	3	2	3	5	25	23	47	1	3	4	-
Assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	112	-	-	-	-	-	-	-	-	-
Prepaid expenses
9	10	6	8	8	7	4	7	7	8	3	5	5	7	3	5	5	7	4	8	8	9	6	7	6	7	5	7	6	7	-	-	-	7	-	0	-	33	-	-	-	3	-	-	-
Other current assets
2	1	2	3	2	4	1	0	1	1	2	1	1	1	1	2	0	0	1	0	1	1	1	1	0	1	4	0	0	0	6	7	8	0	12	48	49	10	60	32	12	10	26	54	63
Total current assets
676	621	556	520	596	1,424	1,427	990	977	935	894	927	949	969	966	917	931	1,077	1,238	1,267	561	931	1,110	686	514	469	496	486	444	470	427	453	465	457	501	553	505	561	567	527	519	407	381	447	514
Oil and gas properties at cost, using the full cost method of accounting:
Proved properties
20,894	20,678	20,134	19,846	19,410	18,566	18,047	18,112	17,795	17,513	17,071	16,769	16,519	16,225	16,013	15,845	15,677	15,546	15,206	15,043	14,761	14,402	13,842	13,801	13,212	12,863	12,466	12,097	11,733	11,258	11,116	10,697	10,302	9,933	9,437	9,074	8,698	8,421	8,163	7,909	7,730	7,549	7,476	7,333	7,052
Unproved properties and properties under development, not being amortized
1,297	1,255	1,539	1,564	1,707	436	564	532	475	476	572	535	489	478	447	458	466	440	584	599	713	759	865	886	713	585	597	567	579	645	661	647	642	607	659	655	598	547	519	475	435	399	385	407	465
Gross oil and gas properties
22,192	21,934	21,673	21,410	21,117	19,003	18,612	18,645	18,271	17,990	17,644	17,305	17,009	16,703	16,460	16,303	16,144	15,987	15,791	15,643	15,475	15,161	14,707	14,687	13,925	13,449	13,063	12,664	12,313	11,903	11,778	11,344	10,945	10,540	10,097	9,730	9,297	8,969	8,682	8,384	8,165	7,949	7,861	7,740	7,518
Less—accumulated depreciation, depletion, amortization, and impairment
17,255	16,723	15,979	15,659	15,462	15,287	15,124	15,000	14,869	14,748	14,629	14,530	14,434	14,349	13,756	13,569	13,057	13,245	11,597	10,242	9,067	8,257	8,049	7,838	7,650	7,483	7,318	7,166	7,027	6,899	6,767	6,638	6,525	6,414	6,309	6,210	6,126	6,047	5,969	5,896	5,828	5,764	5,696	5,642	4,709
Net oil and gas properties
4,937	5,210	5,693	5,751	5,654	3,715	3,488	3,644	3,402	3,241	3,014	2,775	2,574	2,354	2,704	2,734	3,086	2,741	4,193	5,400	6,407	6,903	6,658	6,849	6,274	5,965	5,745	5,498	5,285	5,004	5,010	4,706	4,419	4,126	3,787	3,519	3,170	2,922	2,712	2,488	2,336	2,184	2,164	2,098	2,808
Fixed assets, net of accumulated depreciation of $406,388 and $389,458, respectively
527	519	538	526	509	257	244	238	216	210	208	206	203	205	214	224	227	230	229	223	213	211	195	182	159	146	137	135	164	152	134	133	123	118	98	86	167	156	149	130	129	127	122	119	119
Goodwill
0	716	751	727	727	620	620	620	620	620	620	620	620	620	620	620	620	620	620	620	620	620	620	620	620	620	620	620	620	620	691	691	691	620	691	691	691	691	691	691	691	691	691	691	691
Derivative instruments
7	0	5	0	0	9	0	2	9	2	0	0	2	0	0	-	0	0	0	-	-	-	-	-	-	-	2	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	0	-	10	55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
69	71	73	70	68	35	37	34	33	32	31	32	32	32	33	35	35	38	54	56	58	41	59	60	49	51	51	53	54	57	49	46	36	34	33	32	34	26	28	32	31	33	35	46	30
Total assets
6,218	7,140	7,619	7,595	7,557	6,062	5,818	5,531	5,260	5,042	4,769	4,562	4,393	4,237	4,538	4,531	4,901	4,708	6,336	7,568	7,860	8,708	8,644	8,399	7,618	7,253	7,054	6,796	6,569	6,305	6,313	6,031	5,736	5,357	5,111	4,884	4,569	4,358	4,149	3,870	3,708	3,444	3,396	3,402	4,164
Liabilities, Redeemable Preferred Stock, and Stockholders’ Equity
Current liabilities:
Accounts payable:
Trade
48	36	53	104	65	76	118	74	76	68	61	61	62	49	-	-	-	53	-	-	-	102	-	-	-	80	-	-	-	88	-	-	-	64	-	-	-	34	-	-	-	18	-	-	89
Gas gathering, processing, and marketing
8	12	12	14	25	29	23	20	24	29	27	26	24	25	-	-	-	13	-	-	-	35	-	-	-	35	-	-	-	15	-	-	-	14	-	-	-	13	-	-	-	11	-	-	11
Accrued liabilities:
Exploration and development
94	112	111	108	183	124	154	146	103	115	105	95	73	82	-	-	-	56	-	-	-	200	-	-	-	173	-	-	-	155	-	-	-	173	-	-	-	122	-	-	-	52	-	-	111
Taxes other than income
28	54	48	38	32	33	35	24	24	23	22	17	15	18	-	-	-	17	-	-	-	26	-	-	-	27	-	-	-	29	-	-	-	33	-	-	-	35	-	-	-	27	-	-	26
Other
237	252	270	250	247	221	222	199	181	212	215	182	179	177	-	-	-	173	-	-	-	219	-	-	-	211	-	-	-	208	-	-	-	178	-	-	-	163	-	-	-	155	-	-	126
Current maturities of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	-	-	-	-	-
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	53	55	39	-	71	71	74	-	123	126	140	-	111	82	83	-	64	52	61	-	61	47	47	-	52	38	44	-	19	23	-
Accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	258	220	229	-	286	262	336	-	474	468	411	-	403	416	411	-	434	424	364	-	379	398	328	-	323	251	232	-	202	162	-
Derivative instruments
6	16	24	50	77	27	97	90	54	42	5	0	10	49	21	28	3	-	-	-	-	-	0	8	7	0	4	0	2	-	-	-	4	-	-	4	28	9	0	0	7	13	12	0	-
Liabilities associated with assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-	-	-	-	-	-	-	-
Revenue payable
135	207	207	186	215	194	193	180	194	187	154	142	141	119	107	99	84	95	122	164	141	190	218	197	169	154	187	172	147	149	151	133	157	150	135	139	136	134	117	113	132	108	90	85	104
Operating leases
65	66	67	62	62	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
625	758	796	814	909	708	845	736	658	679	592	526	507	522	441	403	357	410	481	498	553	776	815	801	728	683	705	671	645	645	651	610	587	616	576	598	539	512	493	421	417	388	324	272	469
Long-term debt:
Long-term debt principal
2,000	2,000	2,000	2,000	2,000	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	-	-	-	1,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less—unamortized debt issuance costs and discounts
14	14	15	15	16	11	11	12	12	13	13	13	11	12	12	13	13	14	-	-	-	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt, net
1,985	1,985	1,984	1,984	1,983	1,488	1,488	1,487	1,487	1,486	1,486	1,486	1,488	1,487	1,487	1,486	1,486	1,485	1,500	1,500	1,500	1,483	1,500	1,500	1,025	924	900	892	870	750	830	750	572	405	350	350	350	350	350	350	367	392	523	706	587
Deferred income taxes
322	338	446	439	405	334	244	201	158	101	99	48	-	0	87	92	246	157	733	1,177	1,522	1,754	1,710	1,626	1,539	1,459	1,338	1,260	1,178	1,121	1,128	1,074	1,041	903	906	787	694	619	531	455	407	348	327	273	500
Asset retirement obligation
157	154	157	157	165	152	151	159	156	158	144	147	144	140	-	-	-	153	-	-	-	159	-	-	-	126	-	-	-	133	-	-	-	139	-	-	-	109	-	-	-	129	-	-	125
Derivative instruments
16	1	0	0	0	2	14	11	3	4	0	-	-	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating leases
182	184	199	191	186	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
58	60	62	64	62	45	48	47	44	43	43	43	42	41	189	202	197	43	187	196	198	33	187	184	177	36	293	292	321	179	324	304	304	162	265	260	264	157	272	275	277	146	286	257	129
Total liabilities
3,347	3,482	3,648	3,652	3,714	2,732	2,792	2,644	2,508	2,474	2,366	2,251	2,183	2,194	2,205	2,185	2,286	2,250	2,902	3,372	3,773	4,207	4,214	4,112	3,470	3,230	3,238	3,117	3,015	2,830	2,935	2,739	2,505	2,226	-	-	-	1,748	-	-	-	1,406	-	-	1,813
Commitments and contingencies (Note 10)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redeemable preferred stock - 8.125% Series A Cumulative Perpetual Convertible Preferred Stock, $0.01 par value, 62,500 shares authorized and issued (Note 5)
81	81	81	81	81	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, $0.01 par value, 15,000,000 shares authorized, no shares 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
Common stock, $0.01 par value, 200,000,000 shares authorized, 102,101,878 and 102,144,577 shares issued, respectively
1	1	1	1	1	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
Treasury stock, at cost, zero and 885,392 shares held, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33
Additional paid-in capital
3,254	3,243	3,234	3,223	3,210	2,785	2,778	2,770	2,761	2,764	2,773	2,774	2,771	2,763	2,774	2,775	2,773	2,762	2,753	2,737	2,011	1,997	1,988	1,975	1,970	1,970	1,959	1,948	1,941	1,939	1,931	1,919	1,912	1,908	1,899	1,892	1,885	1,883	1,886	1,873	1,861	1,859	1,853	1,847	1,874
(Accumulated deficit) retained earnings
-466	331	654	635	547	542	243	112	-12	-199	-373	-465	-562	-722	-443	-430	-160	-306	678	1,457	2,072	2,501	2,439	2,309	2,174	2,050	1,855	1,729	1,611	1,533	1,445	1,371	1,317	1,221	1,112	993	835	725	614	493	375	178	78	44	510
Accumulated other comprehensive income
-	-	0	2	1	0	2	2	2	2	1	1	1	0	1	0	0	0	0	0	1	1	1	1	1	1	0	0	0	0	0	0	0	-0	-0	0	0	0	0	-0	0	-0	-0	-0	-0
Total stockholders’ equity
2,789	3,576	3,889	3,861	3,761	3,329	3,025	2,886	2,751	2,568	2,402	2,311	2,210	2,042	2,333	2,346	2,614	2,458	3,433	4,196	4,086	4,500	4,429	4,286	4,147	4,022	3,816	3,678	3,554	3,474	3,377	3,291	3,230	3,130	3,013	2,887	2,721	2,609	2,502	2,367	2,238	2,038	1,933	1,892	2,351
Total liabilities and stockholders' equity
6,218	7,140	7,619	7,595	7,557	6,062	5,818	5,531	5,260	5,042	4,769	4,562	4,393	4,237	4,538	4,531	4,901	4,708	6,336	7,568	7,860	8,708	8,644	8,399	7,618	7,253	7,054	6,796	6,569	6,305	6,313	6,031	5,736	5,357	5,111	4,884	4,569	4,358	4,149	3,870	3,708	3,444	3,396	3,402	4,164