Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Expand Energy Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts payable	777)	425)	603)	308)
Current maturities of long-term debt, net	389)	—)	—)	—)
Accrued interest	100)	39)	42)	38)
Derivative liabilities	71)	3)	432)	899)
Revenues and royalties due to others	734)	360)	734)	617)
Accrued drilling and production costs	296)	211)	253)	142)
Contract liabilities	284)	—)	—)	—)
Accrued compensation and benefits	124)	64)	72)	91)
Taxes payable	142)	84)	84)	86)
Current operating lease liabilities	71)	84)	86)	29)
Joint interest prepayments received	13)	8)	34)	14)
Accrued hedging costs	9)	2)	109)	113)
Current liabilities held for sale	—)	—)	144)	—)
Other	113)	34)	111)	110)
Other current liabilities	1,786)	847)	1,627)	1,202)
Current liabilities	3,123)	1,314)	2,704)	2,447)
Long-term debt, net, excluding current maturities	5,291)	2,028)	3,093)	2,278)
Long-term derivative liabilities	68)	9)	174)	249)
Asset retirement obligations, net of current portion	499)	265)	323)	349)
Long-term contract liabilities	1,227)	—)	—)	—)
Other long-term liabilities	121)	31)	50)	15)
Long-term liabilities	7,206)	2,333)	3,640)	2,891)
Total liabilities	10,329)	3,647)	6,344)	5,338)
Common stock, $0.01 par value	2)	1)	1)	1)
Additional paid-in capital	13,687)	5,754)	5,724)	4,845)
Retained earnings	3,876)	4,974)	3,399)	825)
Accumulated other comprehensive income	—)	—)	—)	—)
Stockholders’ equity	17,565)	10,729)	9,124)	5,671)
Total liabilities and stockholders’ equity	27,894)	14,376)	15,468)	11,009)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Expand Energy Corp. current liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Expand Energy Corp. long-term liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Expand Energy Corp. total liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Expand Energy Corp. stockholders’ equity increased from 2022 to 2023 and from 2023 to 2024.

Expand Energy Corp. (NASDAQ:EXE)

Balance Sheet: Liabilities and Stockholders’ Equity