CIVI · As filed with the SEC
Civitas Resources balance sheet, by fiscal year
The statement as Civitas Resources presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED BALANCE SHEETS · USD thousands
| USD thousands | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 | FY2021 Dec 31, 2021 | FY2020 Dec 31, 2020 | FY2019 Dec 31, 2019 | FY2018 Dec 31, 2018 | Dec 31, 2017 Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | 75,826 | 1,124,797 | 768,032 | 254,454 | 24,743 | 11,008 | 12,916 | 12,711 |
| Accounts receivable, net: | ||||||||
| Crude oil and natural gas sales | 646,290 | 505,961 | 343,500 | 362,262 | 32,673 | 43,714 | 31,799 | 28,549 |
| Joint interest and other | — | — | — | — | 14,748 | 38,136 | 47,577 | 3,831 |
| Joint interest and other | 125,047 | 247,228 | 135,816 | 66,390 | — | — | — | — |
| Derivative assets | 66,517 | 35,192 | 2,490 | 3,393 | 7,482 | 2,884 | 34,408 | 488 |
| Prepaid income taxes | — | 9,552 | 29,604 | — | — | — | — | — |
| Escrow Deposit | 0 | 163,164 | — | — | — | — | — | — |
| Prepaid expenses and other | 74,638 | 58,518 | 48,988 | 21,052 | 3,574 | 7,048 | 4,633 | 6,555 |
| Inventory of oilfield equipment | — | — | — | 12,386 | 9,185 | 7,726 | 3,478 | 1,019 |
| Total current assets | 988,318 | 2,144,412 | 1,328,430 | 719,937 | 92,405 | 110,516 | 134,811 | 53,153 |
| Property and equipment (successful efforts method): | ||||||||
| Proved properties | 16,897,070 | 12,738,568 | 6,774,635 | 5,457,213 | 1,056,773 | 935,025 | 719,198 | 555,341 |
| Less: accumulated depreciation, depletion, and amortization | (4,287,752) | (2,339,541) | (1,214,484) | (430,201) | (211,432) | (126,614) | (52,842) | (17,032) |
| Total proved oil and gas properties, net | — | — | — | — | 845,341 | 808,411 | 666,356 | 538,309 |
| Total proved properties, net | 12,609,318 | 10,399,027 | 5,560,151 | 5,027,012 | — | — | — | — |
| Unproved properties | 630,727 | 821,939 | 593,971 | 688,895 | 98,122 | 143,020 | 154,352 | 183,843 |
| Wells in progress | 505,556 | 536,858 | 407,351 | 177,296 | 50,609 | 98,750 | 93,617 | 47,224 |
| Other property and equipment, net of accumulated depreciation of $9,382 in 2024 and $9,808 in 2023 | 48,757 | 62,392 | 49,632 | 51,639 | 3,239 | 3,394 | 3,649 | 4,706 |
| Total property and equipment, net | 13,794,358 | 11,820,216 | 6,611,105 | 5,944,842 | 997,311 | 1,053,575 | 917,974 | 774,082 |
| Derivative assets | 17,037 | 8,233 | 794 | — | 0 | 121 | 3,864 | 6 |
| Right-of-use assets (note 2) | — | — | — | — | — | 38,562 | — | — |
| Right-of-use assets (note 2) | — | — | — | — | 29,705 | — | — | — |
| Right-of-use assets | — | 94,606 | 24,125 | 39,885 | — | — | — | — |
| Deferred income tax assets | — | — | 0 | 22,284 | 60,520 | — | — | — |
| Other noncurrent assets | 144,407 | 29,852 | 6,945 | 14,085 | 2,871 | 3,544 | 4,885 | 3,130 |
| Total assets | 14,944,120 | 14,097,319 | 7,971,399 | 6,741,033 | 1,182,812 | 1,206,318 | 1,061,534 | 830,371 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable and accrued expenses | 560,893 | 565,708 | 295,297 | 246,188 | 37,425 | 57,638 | 79,390 | 62,129 |
| Production taxes payable | 322,976 | 421,045 | 258,932 | 144,408 | — | — | — | — |
| Crude oil and natural gas revenue distribution payable | 702,130 | 766,123 | 538,343 | 466,233 | 18,613 | 29,021 | 19,903 | 15,667 |
| Lease liability | — | — | 13,464 | 18,873 | 12,044 | 11,690 | — | — |
| Derivative liability | 22,178 | 18,096 | 46,334 | 219,804 | 6,402 | 6,390 | 183 | 11,423 |
| Asset retirement obligations | — | 31,116 | 25,557 | 24,000 | — | — | — | — |
| Lease liability | — | 45,298 | — | — | — | — | — | — |
| Deferred revenue | — | 4,501 | — | — | — | — | — | — |
| Deferred acquisition consideration | 478,749 | — | — | — | — | — | — | — |
| Other Liabilities, Current | 118,168 | — | — | — | — | — | — | — |
| Total current liabilities | 2,205,094 | 1,851,887 | 1,177,927 | 1,119,506 | 74,484 | 104,739 | 99,476 | 89,219 |
| Long-term liabilities: | ||||||||
| Credit facility (note 7) | — | — | — | — | — | — | 50,000 | 0 |
| Debt, net | 4,493,531 | 4,035,732 | 393,293 | 491,710 | 0 | 80,000 | — | — |
| Lease liability | — | — | 11,324 | 21,398 | 17,978 | 27,540 | — | — |
| Credit facility | — | 750,000 | — | — | — | — | — | — |
| Ad valorem taxes | 294,058 | 313,753 | 412,650 | 232,147 | 15,069 | 28,520 | 18,740 | 11,584 |
| Derivative liability | 13,016 | 0 | 17,199 | 19,959 | 1,330 | 921 | 0 | 2,972 |
| Asset retirement obligations for oil and gas properties (note 10) | — | — | — | — | — | 27,908 | 29,405 | 38,262 |
| Asset retirement obligations for oil and gas properties (note 10) | — | — | — | — | 28,699 | — | — | — |
| Deferred income tax liabilities, net | 800,554 | 564,781 | 319,618 | — | — | — | — | — |
| Asset retirement obligations | 399,002 | 305,716 | 265,469 | 201,315 | — | — | — | — |
| Lease liability | — | 50,240 | — | — | — | — | — | — |
| Deferred revenue | — | 43,889 | — | — | — | — | — | — |
| Other Liabilities, Noncurrent | 110,119 | — | — | — | — | — | — | — |
| Total liabilities | 8,315,374 | 7,915,998 | 2,597,480 | 2,086,035 | 137,560 | 269,628 | 197,621 | 142,037 |
| Stockholders’ equity: | ||||||||
| Preferred stock, $.01 par value, 25,000,000 shares authorized, none outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common stock, $.01 par value, 225,000,000 shares authorized, 93,933,857 and 93,774,901 issued and outstanding as of December 31, 2024 and 2023, respectively | 5,006 | 5,004 | 4,918 | 4,912 | 4,282 | 4,284 | 4,286 | 4,286 |
| Additional paid-in capital | 5,095,298 | 4,964,450 | 4,211,197 | 4,199,108 | 707,209 | 702,173 | 696,461 | 689,068 |
| Retained earnings | 1,528,442 | 1,211,867 | 1,157,804 | 450,978 | 333,761 | 230,233 | 163,166 | (5,020) |
| Total stockholders’ equity | 6,628,746 | 6,181,321 | 5,373,919 | 4,654,998 | 1,045,252 | 936,690 | 863,913 | 688,334 |
| Total liabilities and stockholders’ equity | 14,944,120 | 14,097,319 | 7,971,399 | 6,741,033 | 1,182,812 | 1,206,318 | 1,061,534 | 830,371 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.