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.

Diamondback Energy Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Accounts payable, trade	36)	71)	179)	128)	95)
Accrued capital expenditures	295)	186)	475)	495)	221)
Current maturities of long-term debt	45)	191)	—)	—)	—)
Derivative liability payable	101)	30)	3)	—)	—)
Lease operating expenses payable	86)	115)	119)	59)	28)
Ad valorem taxes payable	70)	57)	68)	49)	3)
Accrued compensation	48)	27)	—)	—)	—)
Interest payable	46)	37)	27)	26)	7)
Midstream operating expenses payable	13)	18)	22)	—)	—)
Liability for drilling costs prepaid by joint interest partners	10)	5)	12)	16)	30)
Other	62)	13)	53)	103)	24)
Other accrued liabilities	436)	302)	304)	253)	93)
Revenues and royalties payable	452)	237)	278)	143)	69)
Derivative instruments	174)	249)	27)	—)	100)
Current liabilities	1,438)	1,236)	1,263)	1,020)	577)
Long-term debt, excluding current maturities	6,642)	5,624)	5,371)	4,464)	1,477)
Derivative instruments	29)	57)	—)	15)	6)
Asset retirement obligations	166)	108)	94)	136)	20)
Deferred income taxes	1,338)	783)	1,886)	1,785)	108)
Other long-term liabilities	40)	7)	11)	10)	—)
Long-term liabilities	8,215)	6,579)	7,362)	6,410)	1,612)
Total liabilities	9,653)	7,815)	8,625)	7,429)	2,189)
Common stock, $0.01 par value	2)	2)	2)	2)	1)
Additional paid-in capital	14,084)	12,656)	12,357)	12,936)	5,291)
Retained earnings (accumulated deficit)	(1,998)	(3,864)	890)	762)	(37)
Accumulated other comprehensive income	—)	—)	—)	—)	—)
Total Diamondback Energy, Inc. stockholders’ equity	12,088)	8,794)	13,249)	13,699)	5,255)
Non-controlling interest	1,157)	1,010)	1,657)	467)	327)
Total equity	13,245)	9,804)	14,906)	14,166)	5,582)
Total liabilities and equity	22,898)	17,619)	23,531)	21,596)	7,771)

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).

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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.	Diamondback Energy Inc. current liabilities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Diamondback Energy Inc. long-term liabilities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 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.	Diamondback Energy Inc. total liabilities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Total Diamondback Energy, Inc. 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.	Diamondback Energy Inc. total Diamondback Energy, Inc. stockholders’ equity decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.

Diamondback Energy Inc. (NASDAQ:FANG)

Balance Sheet: Liabilities and Stockholders’ Equity