Stock Analysis on Net

Pioneer Natural Resources Co. (NYSE:PXD)

Balance Sheet: Assets
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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Pioneer Natural Resources Co., consolidated balance sheet: assets (quarterly data)

US$ in millions

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
Cash and cash equivalents 240 98 91 1,192 1,032 1,316 2,579 2,385 3,847 581 93 668 1,442 1,325 180 784 631 437 643 511
Restricted cash 6 6 9 37 46 49 56 59 66 69 74 74 76 75
Accounts receivable, net 1,590 1,850 1,513 1,392 1,853 1,938 2,344 2,397 1,685 1,680 1,670 1,273 695 662 566 555 1,035 853 789 877
Inventories 476 496 448 487 424 420 606 493 369 340 350 327 224 191 170 188 205 246 249 253
Investment in affiliate 139 176 137 119 172 134 167 231 135 144 152 177 123 67 85 42 187 151 344 347
Short-term investments, net 372 506 640 58 445
Prepaids and other 160 165 153 281 245 97 113 94 42 50 45 51 52 109 125 426 59 160 75 72
Current assets 2,605 2,785 2,342 3,471 3,726 4,283 6,321 6,249 6,173 2,841 2,359 2,552 2,595 2,420 1,195 2,069 2,191 1,923 2,175 2,505
Proved properties 43,387 42,163 41,041 39,849 38,465 37,217 36,171 35,272 34,454 35,582 34,572 29,655 23,934 23,498 23,217 23,029 22,444 21,948 21,271 22,038
Unproved properties 5,785 5,861 5,883 5,861 6,008 5,943 5,948 5,924 6,063 8,498 8,511 6,197 576 572 577 583 584 604 606 607
Oil and gas properties, using the successful efforts method of accounting 49,172 48,024 46,924 45,710 44,473 43,160 42,119 41,196 40,517 44,080 43,083 35,852 24,510 24,070 23,794 23,612 23,028 22,552 21,877 22,645
Accumulated depletion, depreciation and amortization (17,639) (16,876) (16,174) (15,492) (14,843) (14,199) (13,571) (12,971) (12,335) (11,836) (11,154) (10,520) (10,071) (9,719) (9,349) (8,987) (8,583) (8,281) (7,875) (8,600)
Oil and gas properties, net 31,533 31,148 30,750 30,218 29,630 28,961 28,548 28,225 28,182 32,244 31,929 25,332 14,439 14,351 14,445 14,625 14,445 14,271 14,002 14,045
Other property and equipment, net 1,656 1,639 1,624 1,640 1,658 1,668 1,679 1,692 1,694 1,726 1,731 1,680 1,584 1,603 1,622 1,629 1,632 1,056 1,035 1,072
Property and equipment, net 33,189 32,787 32,374 31,858 31,288 30,629 30,227 29,917 29,876 33,970 33,660 27,012 16,023 15,954 16,067 16,254 16,077 15,327 15,037 15,117
Operating lease right-of-use assets 398 376 366 367 340 360 330 320 348 319 346 369 197 198 216 250 280 320 332 356
Long-term investments 11
Goodwill 242 242 242 242 243 243 243 243 243 261 261 261 261 261 261 261 261 261 262 264
Other assets 179 170 170 171 143 231 180 131 171 158 158 157 153 144 167 217 258 247 300 102
Noncurrent assets 34,008 33,575 33,152 32,638 32,014 31,463 30,980 30,611 30,638 34,708 34,425 27,799 16,634 16,557 16,711 16,982 16,876 16,155 15,931 15,850
Total assets 36,613 36,360 35,494 36,109 35,740 35,746 37,301 36,860 36,811 37,549 36,784 30,351 19,229 18,977 17,906 19,051 19,067 18,078 18,106 18,355

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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Pioneer Natural Resources Co. current assets increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Pioneer Natural Resources Co. property and equipment, net increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Pioneer Natural Resources Co. noncurrent assets increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Pioneer Natural Resources Co. total assets increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Pioneer Natural Resources Co. cash and cash equivalents increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Pioneer Natural Resources Co. accounts receivable, net increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023 not reaching Q2 2023 level.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Pioneer Natural Resources Co. inventories increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023.
Short-term investments, net Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.