Stock Analysis on Net
Stock Analysis on Net

Pioneer Natural Resources Co. (NYSE:PXD)

This company has been moved to the archive! The financial data has not been updated since February 22, 2024.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

Pioneer Natural Resources Co., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 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
Accounts payable, trade 6.59 7.09 6.47 6.27 6.96 6.51 6.83 7.08 6.47 5.93 6.23 5.59 4.83 4.59 4.40 5.11 6.40 6.65 7.31 8.37
Accounts payable, due to affiliates 0.10 0.26 0.23 0.22 0.42 0.42 0.38 0.31 0.49 0.45 0.43 0.31 0.53 0.72 0.36 0.52 1.00 1.19 1.37 0.99
Interest payable 0.13 0.04 0.14 0.05 0.09 0.06 0.11 0.06 0.14 0.08 0.14 0.09 0.18 0.09 0.15 0.09 0.28 0.14 0.29 0.14
Income taxes payable 0.11 0.12 0.07 0.79 0.18 0.13 0.10 0.17 0.12 0.08 0.05 0.04 0.02 0.01 0.02 0.02 0.02 0.00 0.00 0.01
Current portion of debt 0.08 0.12 0.88 2.25 2.18 2.76 2.99 0.66 0.66 0.65 0.00 0.00 0.73 0.74 0.78 2.62 2.36 2.49 2.48 2.45
Derivatives 0.14 0.43 0.20 0.22 0.12 0.85 1.38 1.51 1.46 3.13 3.18 2.87 1.22 0.27 0.49 0.02 0.06 0.03 0.08 0.12
Operating lease liability, current 0.48 0.43 0.41 0.38 0.35 0.36 0.33 0.31 0.33 0.31 0.33 0.41 0.52 0.52 0.61 0.67 0.71 0.77 0.78 0.79
Other 0.49 0.54 0.61 0.71 0.58 0.58 0.61 0.91 1.39 1.45 1.25 1.37 1.89 1.95 2.04 1.87 2.26 2.34 1.63 0.94
Current liabilities 8.12% 9.03% 9.01% 10.90% 10.88% 11.67% 12.73% 11.00% 11.06% 12.08% 11.62% 10.68% 9.91% 8.89% 8.85% 10.92% 13.09% 13.61% 13.95% 13.79%
Long-term debt, excluding current portion 13.13 13.42 14.12 14.11 11.54 11.83 12.27 14.77 18.17 17.80 18.83 20.35 16.43 16.59 11.47 11.23 9.64 10.17 10.15 10.00
Derivatives 0.21 0.42 0.24 0.27 0.27 0.00 0.00 0.00 0.07 0.40 0.42 0.37 0.34 0.07 0.15 0.02 0.04 0.00 0.00 0.00
Deferred income taxes 12.02 11.64 11.56 11.03 10.82 9.23 8.28 6.98 5.54 4.88 4.19 4.73 7.10 7.41 7.84 7.69 7.28 7.07 6.67 6.84
Operating lease liability, noncurrent 0.68 0.67 0.68 0.70 0.66 0.69 0.60 0.60 0.66 0.59 0.65 0.85 0.57 0.60 0.69 0.77 0.89 1.01 1.08 1.18
Other liabilities 2.55 2.34 2.41 2.51 2.76 2.38 2.35 2.43 2.46 2.48 2.75 3.23 5.47 5.03 5.44 5.28 5.49 2.56 2.57 1.67
Noncurrent liabilities 28.59% 28.49% 29.00% 28.62% 26.05% 24.13% 23.49% 24.79% 26.90% 26.16% 26.84% 29.53% 29.92% 29.69% 25.59% 24.99% 23.35% 20.81% 20.46% 19.69%
Total liabilities 36.71% 37.52% 38.02% 39.52% 36.93% 35.80% 36.22% 35.79% 37.96% 38.23% 38.46% 40.21% 39.84% 38.59% 34.44% 35.90% 36.44% 34.42% 34.41% 33.48%
Common stock, $.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
Additional paid-in capital 50.54 50.90 52.57 51.75 52.54 52.90 51.42 51.93 51.95 50.88 51.89 48.88 48.48 49.03 51.85 48.17 48.05 50.57 50.39 49.50
Treasury stock, at cost -7.15 -7.07 -7.24 -6.77 -5.39 -4.27 -2.74 -1.42 -0.67 0.00 -0.01 0.00 -6.42 -6.51 -6.93 -6.25 -5.61 -5.77 -4.68 -3.51
Retained earnings 19.88 18.66 16.65 15.49 15.91 15.56 15.09 13.69 10.76 10.88 9.65 10.90 18.09 18.88 20.62 22.17 21.11 20.77 19.87 20.52
Equity 63.29% 62.48% 61.98% 60.48% 63.07% 64.20% 63.78% 64.21% 62.04% 61.77% 61.54% 59.79% 60.16% 61.41% 65.56% 64.10% 63.56% 65.58% 65.59% 66.52%
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%

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).

Accounts Payable, Trade
The proportion of accounts payable, trade as a percentage of total liabilities and equity exhibits a general decline from 8.37% in March 2019 to a low of approximately 4.40%-4.59% around June to September 2020. After this period, it gradually increases again, stabilizing between 6.27% and 7.09% in 2023, indicating some fluctuation but a partial recovery toward earlier levels.
Accounts Payable, Due to Affiliates
This item shows a decrease over the full period, starting around 0.99% in early 2019 and dropping to 0.1% by the end of 2023, reflecting a reduced reliance or obligation to affiliate parties in the company's liabilities structure.
Interest Payable
The accounts related to interest payable generally remain low and stable, fluctuating slightly between 0.04% and 0.29% over the quarters, suggesting consistent interest expense obligations without material changes relative to total liabilities and equity.
Income Taxes Payable
This category, mostly minimal or missing in early periods, increases notably from 0.04% in March 2021 to a peak of 0.79% in March 2023, before decreasing again. This indicates variable tax liabilities likely related to fluctuations in taxable income or tax planning activities.
Current Portion of Debt
The current portion of debt shows considerable volatility. It declines sharply from about 2.62% in March 2020 to as low as 0.08% in December 2023, suggesting a possible restructuring or significant repayments of short-term debt obligations over the period.
Derivatives (Current and Noncurrent)
Derivative liabilities, initially very low, rise sharply to over 3% by mid-2021 before retreating to less than 0.5% in late 2023. This spike and subsequent decrease may suggest increased activity in hedging or trading derivatives followed by risk reduction or payoff of related instruments.
Operating Lease Liability (Current and Noncurrent)
Operating lease liabilities demonstrate a gradual decline in current portions from around 0.79% in early 2019 to approximately 0.48% by the end of 2023. Noncurrent portions remain relatively stable near 0.6%-0.7%, indicating a modest reduction in leased obligations or changes due to accounting standards over time.
Other Liabilities and Other
Other liabilities rise markedly from 1.67% to a peak near 5.47% in late 2019 and early 2020, then decline and stabilize around 2.3%-2.6%. The miscellaneous "Other" category fluctuates but shows no clear upward or downward trend, maintaining a low proportion of total liabilities and equity.
Current Liabilities
The share of current liabilities generally decreases from 13.79% in early 2019 to around 8.12% by the end of 2023, with some periodic increases around mid-2022. The drop suggests a shift towards more long-term financing or improved short-term debt management.
Long-Term Debt, Excluding Current Portion
Long-term debt increases substantially from about 10% in early 2019 to a peak near 20.35% in early 2021, then pulls back to around 13.13% by the end of 2023. This reflects a significant build-up in long-term debt during 2020-2021 followed by deleveraging or refinancing in subsequent periods.
Deferred Income Taxes
Deferred income taxes rise gradually from roughly 6.84% in 2019 to over 12% by late 2023, indicating growing deferred tax liabilities, possibly from temporary differences or accelerated tax depreciation.
Noncurrent Liabilities
Noncurrent liabilities increase from below 20% to almost 30% in 2020, then fluctuate slightly but remain close to that higher level toward the end of the period, showing an increased reliance on longer-term obligations.
Total Liabilities
Total liabilities as a percentage of total liabilities and equity trend upward from about 33.48% in early 2019 to a peak near 40.21% in early 2021. Following this, there is a moderate decline back to approximately 36.71% by the end of 2023, indicating overall higher leverage in 2020-2021 with some subsequent reduction.
Equity Components
Equity remains the dominant portion of total liabilities and equity, ranging mostly between 60% and 66%. The additional paid-in capital remains steady around 49%-52%, showing capital contributions remain consistent. Treasury stock grows in absolute terms negatively, meaning higher stock repurchases or cost, particularly notable post-2020. Retained earnings fluctuate, with a sharp drop near 2021 (about 10.9%) and a steady recovery thereafter to about 19.88% by the end of 2023, reflecting operational profitability and earnings retention patterns.
Total Liabilities and Equity
Consistently 100% by definition, confirming the data’s structural integrity and consistency over all periods.