Stock Analysis on Net
Stock Analysis on Net

Diamondback Energy Inc. (NASDAQ:FANG)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 8, 2022.

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.

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

US$ in millions

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
Accrued capital expenditures
Current maturities of long-term debt
Other accrued liabilities
Revenues and royalties payable
Derivative instruments
Income taxes payable
Current liabilities
Long-term debt, excluding current maturities
Derivative instruments
Asset retirement obligations
Deferred income taxes
Other long-term liabilities
Long-term liabilities
Total liabilities
Common stock, $0.01 par value
Additional paid-in capital
Retained earnings (accumulated deficit)
Accumulated other comprehensive income
Total Diamondback Energy, Inc. stockholders’ equity
Non-controlling interest
Total equity
Total liabilities and equity

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).

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.