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.

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Diamondback Energy Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Cash and cash equivalents 27 43 149 654 457 344 121 104 92 51 149 123 100 326 126 215 508 114 72 112 30 17 37
Restricted cash 7 16 18 18 18 18 19 4 7 8 6 5
Accounts receivable, joint interest and other, net 115 76 113 72 99 78 68 56 67 111 178 186 171 168 107 96 82 91 71 73 50 72 56
Accounts receivable, oil and natural gas sales, net 669 961 966 598 712 579 531 281 224 231 225 429 367 349 356 297 182 168 165 159 104 83 83
Inventories 59 65 62 62 53 52 52 33 33 34 36 37 45 44 39 38 15 13 9 9 5 5 3
Derivative instruments 98 17 6 13 14 13 1 15 86 534 46 140 29 5 231 1 2 42 14
Income tax receivable 2 1 33 33 100 100 100
Assets held for sale 83
Prepaid expenses and other current assets 54 23 33 28 28 25 27 23 20 33 140 43 22 56 60 50 8 7 7 5 4 3 5
Current assets 1,031 1,201 1,347 1,446 1,464 1,142 851 602 558 654 1,268 869 845 972 693 925 796 393 324 359 194 221 199
Oil and natural gas properties, full cost method of accounting 35,019 34,200 33,645 32,914 32,554 32,155 31,765 27,377 27,305 27,055 26,719 25,782 24,822 24,076 23,229 22,299 10,818 10,315 9,649 9,233 8,869 8,311 7,871
Other property, equipment and land 1,371 1,329 1,303 1,250 1,086 1,178 1,170 1,151 1,161 1,169 1,117 1,056 1,036 978 913 847 442 429 377 272 236 167 127
Accumulated depletion, depreciation, amortization and impairment (14,487) (14,160) (13,840) (13,545) (13,234) (12,914) (12,583) (12,314) (11,031) (9,297) (6,416) (5,003) (3,815) (3,451) (3,095) (2,774) (2,545) (2,401) (2,275) (2,161) (2,057) (1,970) (1,895)
Property and equipment, net 21,903 21,369 21,108 20,619 20,406 20,419 20,352 16,214 17,435 18,927 21,420 21,835 22,043 21,603 21,047 20,372 8,715 8,343 7,751 7,344 7,049 6,509 6,103
Funds held in escrow 5 12 66 34 34 51 7 13 62 6 2
Equity method investments 674 660 643 613 509 518 525 533 532 514 502 479 225 187 150 1
Derivative instruments 11 33 37 4 4 5 4 30 7 58 23 4 3
Deferred income taxes, net 74 33 37 40 25 28 32 73 75 78 142 158 150 150 97 96 72
Investment in real estate, net 87 87 88 88 89 89 101 101 104 106 107 109 111 112 114 116 107 109 109
Other assets 58 65 71 76 76 100 97 45 56 58 59 90 106 111 114 85 32 37 40 62 45 49 63
Long-term assets 22,812 22,247 21,984 21,452 21,175 21,193 21,145 17,017 18,202 19,683 22,118 22,662 22,708 22,199 21,575 20,671 9,011 8,561 7,900 7,412 7,094 6,562 6,171
Total assets 23,843 23,448 23,331 22,898 22,639 22,335 21,996 17,619 18,760 20,337 23,386 23,531 23,553 23,171 22,268 21,596 9,807 8,954 8,225 7,771 7,288 6,784 6,370

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Diamondback Energy Inc. current assets decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Diamondback Energy Inc. property and equipment, net increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Diamondback Energy Inc. long-term assets increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Diamondback Energy Inc. total assets increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Diamondback Energy Inc. cash and cash equivalents decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Accounts receivable, oil and natural gas sales, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Diamondback Energy Inc. accounts receivable, oil and natural gas sales, net decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Diamondback Energy Inc. inventories increased from Q1 2022 to Q2 2022 but then decreased significantly from Q2 2022 to Q3 2022.