Diamondback Energy, Inc. (FANG) FY2024 Q3 Balance Sheet

Diamondback Energy, Inc. (FANG) FY2024 Q3 Balance Sheet

Balance sheet as of 2024-09-30. The chart shows assets, liabilities and equity at that date.

Assets

65,747,000,000 US dollars

Current assets

2,022,000,000 US dollars

Non-current assets

63,725,000,000 US dollars

Liabilities

26,928,000,000 US dollars

Current liabilities

4,463,000,000 US dollars

Non-current liabilities

22,465,000,000 US dollars

Equity

38,819,000,000 US dollars

Noncontrolling interest

1,390,000,000 US dollars. Included in consolidated equity; this amount is not added again.

Oil and natural gas properties, full cost method of accounting ($21,971 million and $8,659 million excluded from amortization at September 30, 2024 and December 31, 2023, respectively) ($4,771 million and $4,629 million related to Viper and $1,623 million and $1,769 million excluded from amortization related to Viper)

79,718,000,000 US dollars. Part of Property and equipment, net, drawn as one net amount.

Other property, equipment and land

1,417,000,000 US dollars. Part of Property and equipment, net, drawn as one net amount.

Accumulated depletion, depreciation, amortization and impairment ($1,016 million and $866 million related to Viper)

negative 18,082,000,000 US dollars. Part of Property and equipment, net, drawn as one net amount.

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

1,197,000,000 US dollars

Cash and cash equivalents

370,000,000 US dollars

Joint interest and other, net

233,000,000 US dollars

Inventories

126,000,000 US dollars

Prepaid expenses and other current assets

51,000,000 US dollars

Derivative instruments

42,000,000 US dollars

Restricted cash

3,000,000 US dollars

Property and equipment, net

63,053,000,000 US dollars

Equity method investments

377,000,000 US dollars

Investment in real estate, net

81,000,000 US dollars

Other assets

71,000,000 US dollars

Deferred income taxes, net

62,000,000 US dollars

Funds held in escrow

43,000,000 US dollars

Derivative instruments

38,000,000 US dollars

Revenues and royalties payable

1,444,000,000 US dollars

Current maturities of debt

1,000,000,000 US dollars

Other accrued liabilities

857,000,000 US dollars

Accrued capital expenditures

641,000,000 US dollars

Income taxes payable

289,000,000 US dollars

Accounts payable - trade

198,000,000 US dollars

Derivative instruments

34,000,000 US dollars

Long-term debt ($822 million and $1,083 million related to Viper)

11,923,000,000 US dollars

Deferred income taxes

9,952,000,000 US dollars

Asset retirement obligations

493,000,000 US dollars

Derivative instruments

79,000,000 US dollars

Other long-term liabilities

18,000,000 US dollars

Additional paid-in capital

34,007,000,000 US dollars

Retained earnings (accumulated deficit)

3,427,000,000 US dollars

Common stock, $0.01 par value; 800,000,000 shares authorized; 292,742,664 and 178,723,871 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively

3,000,000 US dollars

Non-controlling interest

1,390,000,000 US dollars

Accumulated other comprehensive income (loss)

negative 8,000,000 US dollars

Gross equity (calculated)

38,827,000,000 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.