Ovintiv Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
OVV$61.60+1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheet
| As at · As at | ||||||
|---|---|---|---|---|---|---|
| March 31, · December 31, | ||||||
| (US$ millions) · 2024 · 2023 | ||||||
| Assets | ||||||
| Current Assets | ||||||
| Cash and cash equivalents | $5 | $3 | ||||
| Accounts receivable and accrued revenues (net of allowances | ||||||
| of $5 million (2023: $5 million)) | (Note 4) | 1,270 | 1,442 | |||
| Risk management | (Notes 19, 20) | 146 | 214 | |||
| Income tax receivable | 31 | 17 | ||||
| 1,452 | 1,676 | |||||
| Property, Plant and Equipment, at cost: | (Note 10) | |||||
| Oil and natural gas properties, based on full cost accounting | ||||||
| Proved properties | 64,586 | 64,084 | ||||
| Unproved properties | 1,340 | 1,486 | ||||
| Other | 905 | 907 | ||||
| Property, plant and equipment | 66,831 | 66,477 | ||||
| Less: Accumulated depreciation, depletion and amortization | (52,023) | (51,837) | ||||
| Property, plant and equipment, net | (Note 3) | 14,808 | 14,640 | |||
| Other Assets | 991 | 1,015 | ||||
| Risk Management | (Notes 19, 20) | - | 4 | |||
| Deferred Income Taxes | - | 53 | ||||
| Goodwill | (Note 3) | 2,583 | 2,599 | |||
| (Note 3) | $19,834 | $19,987 | ||||
| Liabilities and Shareholders’ Equity | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | $1,920 | $2,209 | ||||
| Current portion of operating lease liabilities | 78 | 87 | ||||
| Income tax payable | 10 | 232 | ||||
| Risk management | (Notes 19, 20) | 30 | - | |||
| Current portion of long-term debt | (Note 12) | 745 | 284 | |||
| 2,783 | 2,812 | |||||
| Long-Term Debt | (Note 12) | 5,453 | 5,453 | |||
| Operating Lease Liabilities | 818 | 832 | ||||
| Other Liabilities and Provisions | (Note 13) | 128 | 132 | |||
| Risk Management | (Notes 19, 20) | 8 | 2 | |||
| Asset Retirement Obligation | 269 | 276 | ||||
| Deferred Income Taxes | 113 | 110 | ||||
| 9,572 | 9,617 | |||||
| Commitments and Contingencies | (Note 22) | |||||
| Shareholders’ Equity | ||||||
| Share capital - authorized 775 million shares of stock | ||||||
| 2024 issued and outstanding: 267.6 million shares (2023: 271.7 million shares) | (Note 14) | 3 | 3 | |||
| Paid in surplus | (Note 14) | 8,331 | 8,620 | |||
| Retained earnings | 955 | 697 | ||||
| Accumulated other comprehensive income | (Note 15) | 973 | 1,050 | |||
| Total Shareholders’ Equity | 10,262 | 10,370 | ||||
| $19,834 | $19,987 | |||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.