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 Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

Diamondback Energy Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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
Accounts payable, trade 0.58 0.26 0.21 0.16 0.09 0.47 0.32 0.40 0.51 0.93 1.05 0.76 0.99 0.88 0.81 0.59 0.88 0.83 0.77 1.22 1.03 0.41 0.31
Accrued capital expenditures 1.56 1.38 1.29 1.29 1.36 1.06 1.06 1.06 1.65 1.55 2.10 2.02 1.81 2.47 2.18 2.29 2.98 4.13 3.19 2.85 2.60 2.27 1.49
Current maturities of long-term debt 0.04 0.23 0.19 0.20 0.09 0.00 0.87 1.08 1.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other accrued liabilities 1.69 1.79 1.76 1.83 2.10 2.04 1.89 1.71 1.75 1.19 1.23 1.29 1.29 1.03 1.07 1.17 1.47 1.05 1.22 1.19 1.24 1.32 1.27
Revenues and royalties payable 2.66 2.62 2.48 1.97 2.48 1.81 1.60 1.35 1.17 1.12 1.25 1.18 0.88 0.60 0.68 0.66 0.77 0.87 1.00 0.88 0.73 0.77 0.77
Derivative instruments 0.38 0.69 1.45 0.76 2.69 3.46 2.75 1.41 0.46 0.42 0.07 0.11 0.04 0.11 0.26 0.00 1.26 1.24 1.21 1.29 0.14 0.00 0.00
Income taxes payable 0.13 0.01 0.64 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current liabilities 7.04% 6.99% 8.02% 6.28% 8.82% 8.83% 8.49% 7.02% 6.55% 5.22% 5.69% 5.37% 5.01% 5.09% 4.99% 4.72% 7.36% 8.12% 7.39% 7.43% 5.73% 4.76% 3.83%
Long-term debt, excluding current maturities 22.43 23.03 24.87 29.01 30.59 32.95 33.94 31.92 30.15 29.27 24.28 22.83 20.21 19.30 20.97 20.67 23.78 21.97 20.69 19.01 17.24 16.97 15.48
Derivative instruments 0.77 0.52 0.40 0.13 0.16 0.14 0.04 0.32 0.58 0.44 0.28 0.00 0.01 0.03 0.07 0.07 0.06 0.10 0.08 0.08 0.06 0.00 0.00
Asset retirement obligations 1.36 1.11 1.09 0.72 0.79 0.83 0.86 0.61 0.60 0.51 0.42 0.40 0.38 0.61 0.63 0.63 0.24 0.24 0.26 0.26 0.27 0.29 0.30
Deferred income taxes 7.29 6.82 6.09 5.84 4.72 3.94 3.59 4.44 5.21 6.32 8.07 8.01 8.57 8.24 8.09 8.26 2.99 2.43 1.85 1.39 0.05 0.04 0.02
Other long-term liabilities 0.06 0.15 0.15 0.17 0.06 0.08 0.10 0.04 0.04 0.04 0.04 0.05 0.05 0.04 0.06 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-term liabilities 31.90% 31.64% 32.60% 35.88% 36.31% 37.94% 38.53% 37.34% 36.58% 36.59% 33.10% 31.29% 29.22% 28.23% 29.83% 29.68% 27.07% 24.73% 22.88% 20.74% 17.62% 17.30% 15.80%
Total liabilities 38.94% 38.63% 40.63% 42.16% 45.13% 46.77% 47.03% 44.36% 43.13% 41.81% 38.78% 36.65% 34.24% 33.32% 34.82% 34.40% 34.43% 32.85% 30.27% 28.17% 23.35% 22.07% 19.63%
Common stock, $0.01 par value 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02
Additional paid-in capital 57.23 58.73 60.29 61.51 63.56 64.47 65.39 71.83 67.24 61.98 52.45 52.51 53.67 55.82 58.47 59.90 55.72 59.27 64.44 68.09 69.29 74.31 79.03
Retained earnings (accumulated deficit) 0.82 -1.95 -5.68 -8.73 -12.85 -15.56 -16.88 -21.93 -16.34 -9.31 2.39 3.78 5.97 4.61 3.38 3.53 4.77 3.61 1.41 -0.48 -2.08 -3.31 -6.01
Accumulated other comprehensive income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Diamondback Energy, Inc. stockholders’ equity 58.06% 56.79% 54.62% 52.79% 50.72% 48.92% 48.52% 49.91% 50.92% 52.68% 54.84% 56.30% 59.65% 60.44% 61.85% 63.44% 60.50% 62.89% 65.86% 67.62% 67.22% 71.02% 73.03%
Non-controlling interest 3.00 4.58 4.75 5.05 4.15 4.32 4.45 5.73 5.95 5.51 6.37 7.04 6.11 6.24 3.33 2.16 5.06 4.26 3.87 4.21 9.44 6.92 7.34
Total equity 61.06% 61.37% 59.37% 57.84% 54.87% 53.23% 52.97% 55.64% 56.87% 58.19% 61.22% 63.35% 65.76% 66.68% 65.18% 65.60% 65.57% 67.15% 69.73% 71.83% 76.65% 77.93% 80.37%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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).

Current liabilities
Current liabilities as a percentage of total liabilities and equity show fluctuations over the analyzed periods. Starting from 3.83% in March 2017, there is a rising trend reaching a peak close to 8.83% in December 2021 before falling back to around 7.04% by September 2022. This indicates periodic variations in short-term obligations relative to the company's total financing.
Accounts payable, trade
This liability fluctuates modestly, generally remaining below 1%, with notable decreases in 2021 where it dropped to as low as 0.09%, followed by an increase to 0.58% by the third quarter of 2022. This may suggest changes in supplier payment practices or credit terms over time.
Accrued capital expenditures
The proportion of accrued capital expenditures peaked at 4.13% in the middle of 2018, followed by a general decline to levels near 1.56% by late 2022. The downward trend from mid-2018 to recent quarters could reflect reduced capital spending commitments or improved payment cycles.
Other accrued liabilities
Other accrued liabilities have shown a gradual increasing pattern from 1.27% in early 2017 to about 2.1% in late 2021, though with some fluctuations. This upward trend may reflect growing accrued expenses other than capital expenditures or accounts payable.
Revenues and royalties payable
There has been a steady rise in revenues and royalties payable from under 1% in 2017 to about 2.66% in the third quarter of 2022, with peaks in late 2021 near 2.48%. This suggests increasing liabilities related to revenue sharing or royalty expenses relative to total financing.
Derivative instruments
Derivative instruments as liabilities have fluctuated considerably. There is an initial absence of data, but where available, values spike in late 2017 and throughout 2021, reaching a maximum of about 3.46%. The later periods show declined but persistent exposure around 0.38% to 0.69%, indicating active use of derivatives with variable valuation effects.
Income taxes payable
Income taxes payable data appear sporadically from early 2022, with low percentages overall, fluctuating around 0.07% to 0.64%, suggesting relatively minimal short-term tax liabilities within the company’s financing structure.
Long-term debt, excluding current maturities
Long-term debt as a proportion of total liabilities and equity increased from 15.48% in early 2017 to a peak near 33.94% in the first quarter of 2021, followed by a marked decline to around 22.43% in late 2022. This pattern reflects a significant accumulation of long-term leverage up to early 2021, with subsequent deleveraging or refinancing activities lowering this burden.
Asset retirement obligations
Asset retirement obligations remain a relatively minor component, generally increasing from about 0.27% in early periods to 1.36% by the third quarter of 2022, indicating rising estimated costs related to asset decommissioning or environmental liabilities.
Deferred income taxes
There is a notable increase in deferred income taxes from negligible values in 2017 to a substantial 8.26% in late 2018, hovering near 7% to 8% subsequently, and gradually rising over 7% by late 2022. This rising trend suggests increasing deferred tax liabilities or timing differences impacting the company's tax obligations.
Total liabilities
Total liabilities steadily increased from 19.63% in early 2017 to a high of 47.03% in early 2021, before decreasing to roughly 38.94% by the third quarter of 2022. This pattern illustrates a rising debt and obligation load in the first part of the timeframe, followed by partial deleveraging or equity increases later.
Total equity
Total equity shows an inverse trend relative to total liabilities, decreasing from 80.37% in 2017 to a low near 52.97% in early 2021. Afterward, equity improved slightly to approximately 61.06% by late 2022, indicating a recovery phase or capital strengthening. This reflects shifts between financing sources, possibly influenced by market conditions and company strategies.
Retained earnings (accumulated deficit)
Retained earnings moved from negative territory at -6.01% in early 2017 to positive values around 5.97% in late 2019, then declined sharply into significant deficits reaching -21.93% in late 2020. Subsequently, retained earnings improved steadily back to positive values near 0.82% by the third quarter of 2022. This volatility suggests periods of profitability switched with losses, particularly during 2020.
Additional paid-in capital
This equity component declined consistently from 79.03% in early 2017 to approximately 52.45% in late 2019. It then rebounded strongly to 71.83% by the end of 2020 before declining again to around 57.23% in late 2022, indicating episodic equity issuances or adjustments impacting paid-in capital over time.