Diamondback Energy, Inc. (FANG) FY2024 Annual Balance Sheet

Diamondback Energy, Inc. (FANG) FY2024 Annual Balance Sheet

Balance sheet as of 2024-12-31. The chart shows assets, liabilities and equity at that date.

Assets

67,292,000,000 US dollars

Current assets

2,110,000,000 US dollars

Non-current assets

65,182,000,000 US dollars

Liabilities

27,430,000,000 US dollars

Current liabilities

4,811,000,000 US dollars

Non-current liabilities

22,619,000,000 US dollars

Equity

39,862,000,000 US dollars

Noncontrolling interest

2,126,000,000 US dollars. Included in consolidated equity; this amount is not added again.

Accumulated depletion, depreciation, amortization and impairment ($1,081 million and $866 million related to Viper)

negative 19,208,000,000 US dollars. Part of Property and equipment, net, drawn as one net amount.

Other property, equipment and land

1,440,000,000 US dollars. Part of Property and equipment, net, drawn as one net amount.

Oil and natural gas properties, full cost method of accounting ($22,666 million and $8,659 million excluded from amortization at December 31, 2024 and December 31, 2023, respectively) ($5,713 million and $4,629 million related to Viper and $2,180 million and $1,769 million excluded from amortization related to Viper)

82,240,000,000 US dollars. Part of Property and equipment, net, drawn as one net amount.

Oil and natural gas sales, net ($149 million and $109 million related to Viper)

1,387,000,000 US dollars

Joint interest and other, net

198,000,000 US dollars

Derivative instruments

168,000,000 US dollars

Cash and cash equivalents ($27 million and $26 million related to Viper)

161,000,000 US dollars

Inventories

116,000,000 US dollars

Prepaid expenses and other current assets

77,000,000 US dollars

Restricted cash

3,000,000 US dollars

Property and equipment, net

64,472,000,000 US dollars

Equity method investments

375,000,000 US dollars

Deferred income taxes, net ($185 million and $57 million related to Viper)

173,000,000 US dollars

Other assets

159,000,000 US dollars

Derivative instruments

2,000,000 US dollars

Funds held in escrow

1,000,000 US dollars

Revenues and royalties payable

1,491,000,000 US dollars

Other accrued liabilities

1,020,000,000 US dollars

Current maturities of debt

900,000,000 US dollars

Accrued capital expenditures

690,000,000 US dollars

Income taxes payable

414,000,000 US dollars

Accounts payable - trade

253,000,000 US dollars

Derivative instruments

43,000,000 US dollars

Long-term debt ($1,083 million and $1,083 million related to Viper)

12,075,000,000 US dollars

Deferred income taxes

9,826,000,000 US dollars

Asset retirement obligations

573,000,000 US dollars

Derivative instruments

106,000,000 US dollars

Other long-term liabilities

39,000,000 US dollars

Additional paid-in capital

33,501,000,000 US dollars

Retained earnings (accumulated deficit)

4,238,000,000 US dollars

Common stock, $0.01 par value; 800,000,000 shares authorized; 290,984,373 and 178,723,871 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively

3,000,000 US dollars

Non-controlling interest

2,126,000,000 US dollars

Accumulated other comprehensive income (loss)

negative 6,000,000 US dollars

Gross equity (calculated)

39,868,000,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

• Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
• Treasury shares and other negative equity contributions reduce equity.