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.

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

US$ in millions

	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	2,414)	2,577)	2,298)	2,265)	2,487)	2,328)	2,549)	2,608)	2,380)	2,227)	2,293)	1,698)	928)	871)	787)	973)	1,221)	1,202)	1,324)	1,536)
Accounts payable, due to affiliates	35)	93)	82)	81)	150)	151)	141)	116)	179)	168)	158)	95)	102)	137)	65)	100)	190)	215)	248)	181)
Interest payable	48)	16)	48)	17)	33)	21)	40)	23)	53)	30)	52)	27)	35)	17)	26)	18)	53)	25)	53)	25)
Income taxes payable	40)	43)	25)	287)	63)	45)	37)	62)	45)	29)	18)	11)	4)	2)	4)	3)	3)	—)	—)	2)
Current portion of debt	28)	44)	311)	814)	779)	986)	1,117)	244)	244)	244)	—)	—)	140)	140)	139)	499)	450)	450)	449)	449)
Derivatives	53)	158)	72)	78)	44)	304)	513)	556)	538)	1,176)	1,170)	871)	234)	51)	88)	3)	12)	6)	15)	22)
Operating lease liability, current	175)	156)	145)	138)	125)	128)	123)	113)	121)	115)	123)	125)	100)	99)	110)	128)	136)	139)	141)	145)
Other	181)	196)	218)	255)	206)	207)	229)	334)	513)	546)	459)	416)	363)	371)	365)	356)	431)	423)	295)	172)
Current liabilities	2,974)	3,283)	3,199)	3,935)	3,887)	4,170)	4,749)	4,056)	4,073)	4,535)	4,273)	3,243)	1,906)	1,688)	1,584)	2,080)	2,496)	2,460)	2,525)	2,532)
Long-term debt, excluding current portion	4,807)	4,880)	5,010)	5,094)	4,125)	4,228)	4,576)	5,446)	6,688)	6,685)	6,926)	6,177)	3,160)	3,148)	2,054)	2,140)	1,839)	1,838)	1,837)	1,836)
Derivatives	76)	152)	85)	98)	96)	1)	—)	1)	25)	151)	155)	111)	66)	14)	27)	3)	8)	—)	—)	—)
Deferred income taxes	4,402)	4,231)	4,102)	3,984)	3,867)	3,301)	3,089)	2,571)	2,038)	1,833)	1,541)	1,435)	1,366)	1,406)	1,403)	1,465)	1,389)	1,279)	1,208)	1,255)
Operating lease liability, noncurrent	248)	245)	243)	252)	236)	246)	222)	222)	243)	220)	238)	258)	110)	113)	124)	146)	170)	183)	195)	217)
Other liabilities	935)	850)	855)	908)	988)	851)	875)	896)	907)	932)	1,013)	981)	1,052)	954)	974)	1,006)	1,046)	462)	465)	306)
Noncurrent liabilities	10,468)	10,358)	10,295)	10,336)	9,312)	8,627)	8,762)	9,136)	9,901)	9,821)	9,873)	8,962)	5,754)	5,635)	4,582)	4,760)	4,452)	3,762)	3,705)	3,614)
Total liabilities	13,442)	13,641)	13,494)	14,271)	13,199)	12,797)	13,511)	13,192)	13,974)	14,356)	14,146)	12,205)	7,660)	7,323)	6,166)	6,840)	6,948)	6,222)	6,230)	6,146)
Common stock, $.01 par value	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)	2)
Additional paid-in capital	18,506)	18,506)	18,658)	18,688)	18,779)	18,911)	19,180)	19,142)	19,123)	19,104)	19,088)	14,837)	9,323)	9,305)	9,285)	9,176)	9,161)	9,142)	9,124)	9,086)
Treasury stock, at cost	(2,617)	(2,572)	(2,571)	(2,445)	(1,925)	(1,525)	(1,022)	(523)	(248)	—)	(2)	(1)	(1,234)	(1,235)	(1,240)	(1,190)	(1,069)	(1,043)	(847)	(645)
Retained earnings	7,280)	6,783)	5,911)	5,593)	5,685)	5,561)	5,630)	5,047)	3,960)	4,087)	3,550)	3,308)	3,478)	3,582)	3,693)	4,223)	4,025)	3,755)	3,597)	3,766)
Equity	23,171)	22,719)	22,000)	21,838)	22,541)	22,949)	23,790)	23,668)	22,837)	23,193)	22,638)	18,146)	11,569)	11,654)	11,740)	12,211)	12,119)	11,856)	11,876)	12,209)
Total liabilities and equity	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)

Accounts Payable, Trade: There is a noticeable decline from early 2019 through mid-2020, falling from $1,536 million to $787 million. However, a strong upward trend begins in early 2021, peaking at $2,608 million by March 2022, followed by some fluctuation but generally maintaining elevated levels through the end of 2023.
Accounts Payable, Due to Affiliates: The balance fluctuates moderately but remains relatively low compared to trade payables. It shows a decline during 2020, stabilizes around $150 million in late 2021 to 2022, and then experiences a steady decrease again through 2023.
Interest Payable: The interest payable figures are relatively stable, oscillating mostly between $15 million and $50 million. Spikes are observed typically at year-end quarters, suggesting seasonal accruals, with no clear long-term trend.
Income Taxes Payable: This liability grows steadily from negligible amounts in 2019 to $287 million by March 2023, followed by a sharp decline thereafter. The increase in the early 2020s suggests rising tax obligations, with volatility in 2023 possibly related to tax payments or adjustments.
Current Portion of Debt: A steady balance near $440-$450 million is seen through 2019, followed by a significant drop in mid-2020 to about $140 million. Thereafter, the amount rises dramatically in early 2022 to $1,117 million before gradually declining over 2023 to below $30 million, indicating debt maturity restructuring.
Derivatives (Current): Marked volatility is evident, beginning with low values in 2019, peaking dramatically at $1,176 million in late 2021, then sharply declining through 2022 and fluctuating through 2023. This suggests active hedging or speculative derivative positions with significant market exposure during this period.
Operating Lease Liability, Current: This liability remains relatively stable throughout the period, fluctuating mildly around $100-$175 million, reflecting consistent lease obligations without major expansion or reduction.
Other Current Liabilities: Volatility is observed with an increase in 2019, peaking near $546 million in late 2021, followed by a progressive decline through 2023, indicating possible settlement or reduction of miscellaneous current liabilities over time.
Total Current Liabilities: Current liabilities declined from about $2.5 billion in 2019 to a low of $1.5 billion mid-2020, before a sharp increase starting in 2021 to over $4.7 billion by mid-2022, with a subsequent gradual decrease to around $3 billion by the end of 2023. This reflects significant changes in short-term obligations, possibly driven by trade payables and current debt adjustments.
Long-term Debt, Excluding Current Portion: This long-term debt remains stable near $1.8 billion through 2019, then rises substantially starting in 2020, peaking above $6.9 billion mid-2021. The following period shows a gradual reduction to about $4.8 billion by late 2023, indicating debt refinancing or repayment activity.
Derivatives (Noncurrent): Derivatives noncurrent liabilities appear intermittently, with a small presence in 2019 and early 2020, increasing through 2021 to 2023 moderately, reaching values up to $152 million. This indicates long-term derivative positions with moderate exposure in later years.
Deferred Income Taxes: Deferred income taxes increase steadily and significantly from about $1.2 billion in 2019 to $4.4 billion by the end of 2023, reflecting growing temporary differences or tax deferrals that contribute to rising long-term tax liabilities.
Operating Lease Liability, Noncurrent: Noncurrent lease liabilities decrease from $217 million in early 2019 to about $110 million by late 2020, then rise notably during 2021 to around $250 million, maintaining this level through 2023. This may reflect lease modifications or reclassifications with lease obligations increasing post-2020.
Other Noncurrent Liabilities: These liabilities show significant volatility, peaking notably at $1.05 billion in late 2019 and fluctuating between $850 million and $1 billion thereafter, indicating periodic recognition and settlement of noncurrent obligations.
Total Noncurrent Liabilities: Overall noncurrent liabilities grow considerably from approximately $3.6 billion in early 2019 to a peak near $10.4 billion by late 2023, with rapid increases particularly during 2020-2021. This suggests increased long-term funding and obligations during the period.
Total Liabilities: Total liabilities decline slightly in 2020 to about $6.2 billion, before a phase of aggressive growth from 2021 onwards, reaching over $14 billion by 2021-2023, indicating that both current and long-term obligations expanded substantially during this period.
Equity Components: Common stock remains fixed at a nominal value throughout the period. Additional paid-in capital increases gradually through 2020, then experiences a sharp rise to about $19 billion by 2021, stabilizing slightly thereafter with a minor decline through 2023. Treasury stock shows considerable share repurchase activity, increasing in cost from negative $645 million in early 2019 to over negative $2.6 billion by late 2023. Retained earnings fluctuate but generally increase, reaching $7.3 billion by the end of 2023, indicating sustained profitability or accumulation of earnings.
Total Equity: Total equity shows a declining trend during 2019 to mid-2020, followed by a significant increase in 2021 to over $23 billion, remaining relatively stable with minor fluctuations through 2023. The growth in equity during 2021 coincides with increases in additional paid-in capital and retained earnings, compensating for treasury stock growth.
Total Liabilities and Equity: The aggregate total steadily rises from $18.4 billion in early 2019 to approximately $36.6 billion by late 2023, with the most substantial increase occurring during 2021. This reflects expansions in both liabilities and equity, suggesting growth or increased investment activity within the company.

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Pioneer Natural Resources Co. (NYSE:PXD)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data