Stock Analysis on Net
Stock Analysis on Net

Diamondback Energy Inc. (NASDAQ:FANG)

This company has been moved to the archive! The financial data has not been updated since November 8, 2022.

Common-Size Income Statement 

Diamondback Energy Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Oil sales 79.98 87.45 91.43 88.21 88.01
Natural gas sales 8.43 3.88 1.70 2.87 4.40
Natural gas liquid sales 11.59 8.67 6.87 8.93 7.59
Revenue from contracts with customers 100.00% 100.00% 100.00% 100.00% 100.00%
Midstream services 0.67 1.81 1.65 1.61 0.60
Other operating income 0.07 0.25 0.33 0.57 0.99
Revenues 100.74% 102.07% 101.98% 102.18% 101.59%
Lease operating expenses -8.37 -15.42 -12.61 -9.62 -10.67
Production and ad valorem taxes -6.30 -7.08 -6.38 -6.23 -6.20
Gathering and transportation -3.14 -5.08 -2.26 -1.23 -1.08
Midstream services expense -1.32 -3.81 -2.34 -3.37 -0.88
Depreciation, depletion, amortization and accretion -18.90 -47.57 -37.41 -29.35 -27.66
Impairment of oil and natural gas properties 0.00 -218.47 -20.32 0.00 0.00
General and administrative expenses -2.16 -3.19 -2.68 -3.03 -4.10
Merger and integration expense -1.16 0.00 0.00 -1.73 0.00
Other operating expense -0.09 -0.15 -0.10 -0.15 0.00
Costs and expenses -41.44% -300.76% -84.10% -54.72% -50.59%
Income (loss) from operations 59.30% -198.69% 17.88% 47.46% 51.00%
Interest expense, less capitalized interest -2.80 -7.08 -4.35 -3.64 -3.25
Other fees and expenses -0.16 -0.22 -0.10 -0.49 -0.18
Interest income 0.01 0.15 0.03 0.03 0.02
Interest expense, net -2.95% -7.15% -4.43% -4.10% -3.42%
Other income (expense), net -0.15 -0.25 0.23 4.15 0.86
Gain (loss) on derivative instruments, net -12.57 -2.94 -2.78 4.76 -6.53
Gain on sale of equity method investments 0.34 0.00 0.00 0.00 0.00
Loss on extinguishment of debt -1.11 -0.18 -1.44 0.00 0.00
Income (loss) from equity investments 0.22 -0.36 -0.15 0.00 0.00
Other income (expense), net -16.21% -10.89% -8.57% 4.81% -9.09%
Income (loss) before income taxes 43.09% -209.58% 9.31% 52.27% 41.91%
(Provision for) benefit from income taxes -9.35 40.06 -1.21 -7.91 1.65
Net income (loss) 33.73% -169.52% 8.10% 44.37% 43.56%
Net (income) loss attributable to non-controlling interest -1.39 5.62 -1.93 -4.66 -2.91
Net income (loss) attributable to Diamondback Energy, Inc. 32.34% -163.90% 6.17% 39.71% 40.65%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Income statement item Description The company
Income (loss) from operations The net result for the period of deducting operating expenses from operating revenues. Diamondback Energy Inc. income (loss) from operations as a percentage of revenue from contracts with customers decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Diamondback Energy Inc. income (loss) before income taxes as a percentage of revenue from contracts with customers decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Net income (loss) attributable to Diamondback Energy, Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Diamondback Energy Inc. net income (loss) attributable to Diamondback Energy, Inc. as a percentage of revenue from contracts with customers decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.