Stock Analysis on Net

Pioneer Natural Resources Co. (NYSE:PXD)

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.

Pioneer Natural Resources Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accounts payable, trade 2,414 2,487 2,380 928 1,221
Accounts payable, due to affiliates 35 150 179 102 190
Interest payable 48 33 53 35 53
Income taxes payable 40 63 45 4 3
Current portion of debt 28 779 244 140 450
Derivatives 53 44 538 234 12
Operating lease liability, current 175 125 121 100 136
Finance lease liability, current 21 20 18 17 16
Other 160 186 495 346 415
Current liabilities 2,974 3,887 4,073 1,906 2,496
Long-term debt, excluding current portion 4,807 4,125 6,688 3,160 1,839
Derivatives 76 96 25 66 8
Deferred income taxes 4,402 3,867 2,038 1,366 1,389
Operating lease liability, noncurrent 248 236 243 110 170
Finance lease liability, noncurrent 481 501 521 539 556
Other liabilities 454 487 386 513 490
Noncurrent liabilities 10,468 9,312 9,901 5,754 4,452
Total liabilities 13,442 13,199 13,974 7,660 6,948
Common stock, $.01 par value 2 2 2 2 2
Additional paid-in capital 18,506 18,779 19,123 9,323 9,161
Treasury stock, at cost (2,617) (1,925) (248) (1,234) (1,069)
Retained earnings 7,280 5,685 3,960 3,478 4,025
Accumulated other comprehensive income (loss), net of tax
Equity 23,171 22,541 22,837 11,569 12,119
Total liabilities and equity 36,613 35,740 36,811 19,229 19,067

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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. Pioneer Natural Resources Co. current liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Pioneer Natural Resources Co. noncurrent liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 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. Pioneer Natural Resources Co. total liabilities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
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. Pioneer Natural Resources Co. equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.