Balance Sheet: Liabilities and Stockholders’ Equity
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.

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 (quarterly data)

US$ in millions

	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	139)	62)	49)	36)	21)	104)	71)	71)	95)	189)	245)	179)	233)	204)	180)	128)	86)	74)	63)	95)	75)	28)	20)
Accrued capital expenditures	371)	323)	301)	295)	308)	236)	233)	186)	309)	316)	490)	475)	427)	573)	485)	495)	293)	370)	262)	221)	189)	154)	95)
Current maturities of long-term debt	10)	55)	45)	45)	20)	—)	191)	191)	191)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other accrued liabilities	403)	420)	411)	419)	476)	455)	416)	302)	329)	243)	287)	304)	304)	239)	238)	253)	144)	94)	101)	93)	90)	90)	81)
Revenues and royalties payable	634)	615)	578)	452)	561)	404)	353)	237)	219)	228)	292)	278)	207)	139)	151)	143)	76)	78)	82)	69)	53)	52)	49)
Derivative instruments	90)	162)	339)	174)	610)	773)	604)	249)	86)	85)	16)	27)	10)	25)	58)	—)	124)	111)	100)	100)	10)	—)	—)
Income taxes payable	31)	3)	149)	17)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current liabilities	1,678)	1,640)	1,872)	1,438)	1,996)	1,972)	1,868)	1,236)	1,229)	1,061)	1,330)	1,263)	1,181)	1,180)	1,112)	1,020)	722)	727)	608)	577)	418)	323)	244)
Long-term debt, excluding current maturities	5,347)	5,401)	5,803)	6,642)	6,925)	7,360)	7,465)	5,624)	5,656)	5,952)	5,677)	5,371)	4,761)	4,472)	4,670)	4,464)	2,332)	1,967)	1,702)	1,477)	1,256)	1,152)	986)
Derivative instruments	184)	123)	94)	29)	36)	32)	8)	57)	108)	90)	66)	—)	2)	8)	16)	15)	6)	9)	6)	6)	4)	—)	—)
Asset retirement obligations	325)	260)	254)	166)	178)	185)	190)	108)	112)	104)	99)	94)	90)	142)	140)	136)	24)	22)	21)	20)	20)	20)	19)
Deferred income taxes	1,737)	1,600)	1,421)	1,338)	1,068)	879)	790)	783)	978)	1,286)	1,888)	1,886)	2,019)	1,909)	1,802)	1,785)	293)	217)	152)	108)	3)	3)	2)
Other long-term liabilities	14)	34)	35)	40)	14)	17)	23)	7)	8)	9)	10)	11)	11)	10)	14)	10)	—)	—)	—)	—)	—)	—)	—)
Long-term liabilities	7,607)	7,418)	7,607)	8,215)	8,221)	8,473)	8,476)	6,579)	6,862)	7,441)	7,740)	7,362)	6,883)	6,541)	6,642)	6,410)	2,655)	2,215)	1,882)	1,612)	1,284)	1,174)	1,006)
Total liabilities	9,285)	9,058)	9,479)	9,653)	10,217)	10,445)	10,344)	7,815)	8,091)	8,502)	9,070)	8,625)	8,064)	7,721)	7,754)	7,429)	3,377)	2,942)	2,490)	2,189)	1,701)	1,497)	1,250)
Common stock, $0.01 par value	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	1)	1)	1)	1)	1)	1)	1)
Additional paid-in capital	13,646)	13,772)	14,067)	14,084)	14,389)	14,399)	14,384)	12,656)	12,615)	12,605)	12,265)	12,357)	12,641)	12,933)	13,019)	12,936)	5,465)	5,307)	5,300)	5,291)	5,049)	5,041)	5,034)
Retained earnings (accumulated deficit)	195)	(458)	(1,326)	(1,998)	(2,908)	(3,475)	(3,713)	(3,864)	(3,065)	(1,893)	559)	890)	1,407)	1,069)	752)	762)	468)	323)	116)	(37)	(152)	(225)	(383)
Accumulated other comprehensive income	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Total Diamondback Energy, Inc. stockholders’ equity	13,843)	13,316)	12,743)	12,088)	11,483)	10,926)	10,673)	8,794)	9,552)	10,714)	12,826)	13,249)	14,050)	14,004)	13,773)	13,699)	5,933)	5,631)	5,417)	5,255)	4,899)	4,818)	4,652)
Non-controlling interest	715)	1,074)	1,109)	1,157)	939)	964)	979)	1,010)	1,117)	1,121)	1,490)	1,657)	1,439)	1,446)	741)	467)	496)	381)	318)	327)	688)	469)	467)
Total equity	14,558)	14,390)	13,852)	13,245)	12,422)	11,890)	11,652)	9,804)	10,669)	11,835)	14,316)	14,906)	15,489)	15,450)	14,514)	14,166)	6,430)	6,012)	5,735)	5,582)	5,586)	5,287)	5,119)
Total liabilities and equity	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)

Accounts payable, trade: The trade accounts payable exhibited a generally increasing trend from early 2017 to late 2019, growing from $20 million to a peak near $233 million. However, from 2020 onwards, there was significant volatility with a sharp decline in late 2020 followed by fluctuations, ending at $139 million in the third quarter of 2022.
Accrued capital expenditures: This liability showed growth from $95 million in early 2017 to a high point of $573 million in mid-2019. Thereafter, the amount declined through 2020, reaching $186 million, but started rising again through the latest quarters, ending at $371 million in the third quarter of 2022.
Current maturities of long-term debt: The data was unavailable until 2020 Q1 when it suddenly appeared at $191 million and held steady for several quarters. It declined to single digits by early 2022 then ended at $10 million in Q3 2022.
Other accrued liabilities: Other accrued liabilities generally increased over the observed period, rising from $81 million in Q1 2017 to a plateau around $400+ million in late 2021 and 2022. A notable growth spurt occurred during 2018 followed by some fluctuations from 2020 onward, but the large outstanding amounts remained consistent.
Revenues and royalties payable: These liabilities steadily rose from $49 million in early 2017 to over $600 million by 2022 Q3. The increase was consistent, with a pronounced acceleration starting in mid-2018 and continuing through the end of the period, reflecting rising operating obligations.
Derivative instruments (current and long-term): Derivative liabilities appeared intermittently starting late 2017 and exhibited considerable volatility, with large peaks such as $773 million in Q3 2021 for current instruments and smaller but fluctuating amounts for long-term derivatives. This indicates variable exposure to market risks over time.
Income taxes payable: Reported only in the last year, income taxes payable showed sporadic values with a notable spike at $149 million in Q2 2022, suggesting emerging or irregular tax liabilities.
Current liabilities: Current liabilities grew markedly from $244 million in Q1 2017 to a peak near $2 billion in late 2021, before declining somewhat in 2022. The upward trend reflects increasing short-term obligations, possibly linked to operational scaling or credit terms.
Long-term debt, excluding current maturities: Long-term debt expanded substantially from $986 million in early 2017 to a peak of approximately $7.5 billion in 2021, before decreasing modestly below $5.5 billion in the third quarter of 2022. This suggests heavy leveraging followed by some deleveraging or refinancing.
Asset retirement obligations: These obligations remained relatively stable around $20 million until 2018 when they surged to over $130 million, and continued a rising trajectory to $325 million by late 2022, indicating increased estimated future costs related to asset decommissioning or environmental compliance.
Deferred income taxes: Deferred income taxes saw a dramatic increase from negligible amounts in early 2017 to over $2 billion by 2019. Thereafter, values declined between 2020 and mid-2021, followed by a renewed increase reaching $1.7 billion by late 2022, signaling significant deferred tax liabilities and associated tax strategy impacts.
Other long-term liabilities: Reported sparsely, these liabilities fluctuated at low levels, generally under $50 million, with no clear trend identifiable.
Long-term liabilities: Long-term liabilities increased sharply from around $1 billion in early 2017 to a peak over $8 billion in 2018 and 2019, experiencing fluctuations thereafter but remaining above $7.5 billion through 2022, reflecting substantial long-term financial commitments.
Total liabilities: Total liabilities rose consistently from $1.25 billion in early 2017 to a peak exceeding $10 billion during 2021, then declined somewhat but remained near $9 billion by mid-2022, indicating the company's overall growing financial obligations.
Common stock, $0.01 par value: Common stock value was stable at $1-$2 million throughout the period, indicating no significant changes in par value or shares outstanding.
Additional paid-in capital: Additional paid-in capital increased gradually from about $5 billion in early 2017 to over $14 billion by late 2018, followed by some contractions to roughly $13.6 billion by late 2022. These changes may reflect equity issuance or buybacks.
Retained earnings (accumulated deficit): Retained earnings switched from negative values in early 2017 to positive territory by 2018, then plunged sharply into significant accumulated deficit through 2020, reaching nearly -$3.9 billion, and gradually recovered afterwards to a positive $195 million by mid-2022. This reflects volatile profitability or substantial losses and subsequent recovery efforts.
Total stockholders’ equity: Total equity experienced growth from $4.6 billion in early 2017 to a peak near $14 billion in late 2018, followed by a steady decline to around $8.8 billion by 2020 and a subsequent recovery to $13.8 billion by mid-2022, indicating fluctuations in net asset value influenced by earnings and capital activities.
Non-controlling interest: Non-controlling interest rose from $467 million in 2017 to a high near $1.6 billion in 2019, then declined to approximately $700 million by 2022, showing changes in minority ownership stakes or holdings.
Total equity: Total equity followed the pattern of stockholders’ equity combined with non-controlling interest, increasing from $5.1 billion in early 2017 to nearly $15.5 billion by late 2019, dipping sharply through 2020, then steadily recovering to $14.6 billion by mid-2022.
Total liabilities and equity: The sum of liabilities and equity more than tripled from $6.3 billion at the start of 2017 to over $23.8 billion by the third quarter of 2022, demonstrating significant balance sheet expansion over the period.

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Diamondback Energy Inc. (NASDAQ:FANG)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data