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.

Pioneer Natural Resources Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Accounts payable, trade	2,414)	2,487)	2,380)	928)	1,221)
Accounts payable, due to affiliates	35)	150)	179)	102)	190)
Interest payable	48)	33)	53)	35)	53)
Income taxes payable	40)	63)	45)	4)	3)
Current portion of debt	28)	779)	244)	140)	450)
Derivatives	53)	44)	538)	234)	12)
Operating lease liability, current	175)	125)	121)	100)	136)
Finance lease liability, current	21)	20)	18)	17)	16)
Other	160)	186)	495)	346)	415)
Current liabilities	2,974)	3,887)	4,073)	1,906)	2,496)
Long-term debt, excluding current portion	4,807)	4,125)	6,688)	3,160)	1,839)
Derivatives	76)	96)	25)	66)	8)
Deferred income taxes	4,402)	3,867)	2,038)	1,366)	1,389)
Operating lease liability, noncurrent	248)	236)	243)	110)	170)
Finance lease liability, noncurrent	481)	501)	521)	539)	556)
Other liabilities	454)	487)	386)	513)	490)
Noncurrent liabilities	10,468)	9,312)	9,901)	5,754)	4,452)
Total liabilities	13,442)	13,199)	13,974)	7,660)	6,948)
Common stock, $.01 par value	2)	2)	2)	2)	2)
Additional paid-in capital	18,506)	18,779)	19,123)	9,323)	9,161)
Treasury stock, at cost	(2,617)	(1,925)	(248)	(1,234)	(1,069)
Retained earnings	7,280)	5,685)	3,960)	3,478)	4,025)
Accumulated other comprehensive income (loss), net of tax	—)	—)	—)	—)	—)
Equity	23,171)	22,541)	22,837)	11,569)	12,119)
Total liabilities and equity	36,613)	35,740)	36,811)	19,229)	19,067)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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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.	Pioneer Natural Resources Co. current liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Pioneer Natural Resources Co. noncurrent liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 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.	Pioneer Natural Resources Co. total liabilities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
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.	Pioneer Natural Resources Co. equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Pioneer Natural Resources Co. (NYSE:PXD)

Balance Sheet: Liabilities and Stockholders’ Equity