Diamondback Energy Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
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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 2, 2024
FANG$178.08-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| Diamondback Energy, Inc. and Subsidiaries | ||
|---|---|---|
| Condensed Consolidated Balance Sheets | ||
| (Unaudited) | ||
| March 31, | December 31, | |
| 2024 | 2023 | |
| (In millions, except par values and share data) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $896 | $582 |
| Restricted cash | 3 | 3 |
| Accounts receivable: | ||
| Joint interest and other, net | 208 | 192 |
| Oil and natural gas sales, net ($132 million and $109 million related to Viper) | 734 | 654 |
| Income tax receivable | — | 1 |
| Inventories | 57 | 63 |
| Derivative instruments | 7 | 17 |
| Prepaid expenses and other current assets | 43 | 109 |
| Total current assets | 1,948 | 1,621 |
| Property and equipment: | ||
| Oil and natural gas properties, full cost method of accounting ($8,455 million and $8,659 million excluded from amortization at March 31, 2024 and December 31, 2023, respectively) ($4,649 million and $4,629 million and $1,719 million and $1,769 million excluded from amortization related to Viper) | 43,240 | 42,430 |
| Other property, equipment and land | 675 | 673 |
| Accumulated depletion, depreciation, amortization and impairment ($913 million and $866 million related to Viper) | (16,891) | (16,429) |
| Property and equipment, net | 27,024 | 26,674 |
| Equity method investments | 529 | 529 |
| Derivative instruments | 7 | 1 |
| Deferred income taxes, net | 61 | 45 |
| Investment in real estate, net | 83 | 84 |
| Other assets | 38 | 47 |
| Total assets | $29,690 | $29,001 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable - trade | $243 | $261 |
| Accrued capital expenditures | 570 | 493 |
| Other accrued liabilities | 337 | 475 |
| Revenues and royalties payable | 732 | 764 |
| Derivative instruments | 102 | 86 |
| Income taxes payable | 134 | 29 |
| Total current liabilities | 2,118 | 2,108 |
| Long-term debt ($1,094 million and $1,083 million related to Viper) | 6,629 | 6,641 |
| Derivative instruments | 144 | 122 |
| Asset retirement obligations | 266 | 239 |
| Deferred income taxes | 2,502 | 2,449 |
| Other long-term liabilities | 12 | 12 |
| Total liabilities | 11,671 | 11,571 |
| Commitments and contingencies (Note 15) | ||
| Stockholders’ equity: | ||
| Common stock, $0.01 par value; 400,000,000 shares authorized; 178,339,978 and 178,723,871 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 2 | 2 |
| Additional paid-in capital | 14,251 | 14,142 |
| Retained earnings (accumulated deficit) | 2,705 | 2,489 |
| Accumulated other comprehensive income (loss) | (8) | (8) |
| Total Diamondback Energy, Inc. stockholders’ equity | 16,950 | 16,625 |
| Non-controlling interest | 1,069 | 805 |
| Total equity | 18,019 | 17,430 |
| Total liabilities and stockholders' equity | $29,690 | $29,001 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.