PDCE · Pdc Energy, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $4.30B | $2.55B | $1.34B | $1.31B | $1.55B | $921.62M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $156.28M | $127.73M | $161.09M | $161.75M | $170.50M | $120.37M |
| Total Operating Expenses | $1.64B | $1.22B | $1.98B | $1.15B | $1.47B | $1.16B |
| D&A | $749.66M | $635.18M | $619.74M | $5.70M | $8.50M | $6.60M |
| Operating Income | $2.21B | $631.59M | ($643.54M) | $11.11M | $77.75M | ($238.25M) |
| Interest Expense | $64.73M | $82.70M | $88.68M | $71.17M | $70.73M | $78.69M |
| Income Tax | $454.20M | $26.58M | ($7.90M) | ($3.32M) | $5.41M | $211.93M |
| Net Income | $1.78B | $522.31M | ($724.32M) | ($56.67M) | $2.02M | ($127.50M) |
| EPS - Basic | $18.76 | $5.30 | ($7.37) | ($0.89) | $0.03 | ($1.94) |
| EPS - Diluted | $18.49 | $5.22 | ($7.37) | ($0.89) | $0.03 | ($1.94) |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.49M | $33.83M | $2.62M | $963.0K | $1.40M | $180.68M |
| Accounts Receivable | $546.31M | $398.61M | $244.25M | $266.35M | $181.43M | $197.60M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $244.41M | $127.89M | $90.64M | $98.93M | $181.86M | $150.07M |
| Current Assets | $593.75M | $458.57M | $308.25M | $304.03M | $274.46M | $401.22M |
| Total Assets | $7.98B | $5.34B | $5.24B | $4.45B | $4.54B | $4.42B |
| Current Liabilities | $1.42B | $920.10M | $779.86M | $361.23M | $441.01M | $417.64M |
| Long-term Debt | $1.31B | $942.08M | $1.41B | $1.18B | $1.19B | $1.15B |
| Total Liabilities | $4.00B | $2.43B | $2.62B | $2.11B | $2.02B | $1.91B |
| Stockholders' Equity | $3.98B | $2.91B | $2.62B | $2.34B | $2.53B | $2.51B |
| Retained Earnings | $1.17B | ($249.95M) | ($772.26M) | ($47.95M) | $8.73M | $6.70M |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.77B | $870.08M | $870.08M | $858.23M | $597.81M | $486.26M |
| Investing Cash Flow | ($2.15B) | ($578.80M) | ($687.16M) | ($677.77M) | ($1.09B) | ($716.99M) |
| Financing Cash Flow | ($650.14M) | ($937.79M) | ($181.26M) | ($188.89M) | $18.10M | $65.00M |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 51.4% | 24.7% | -48.1% | 0.8% | 5.0% | -25.9% |
| EBITDA margin | 68.8% | 49.6% | -1.8% | 1.3% | 5.6% | -25.1% |
| Net margin | 41.4% | 20.5% | -54.1% | -4.3% | 0.1% | -13.8% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 3.6% | 5.0% | 12.0% | 12.4% | 11.0% | 13.1% |
| Effective tax rate | 20.3% | 4.8% | - | - | 72.8% | 251.0% |
| Return on assets | 22.3% | 9.8% | -13.8% | -1.3% | 0.0% | -2.9% |
| Return on equity | 44.6% | 17.9% | -27.7% | -2.4% | 0.1% | -5.1% |
| Return on invested capital | 33.2% | 15.6% | -12.6% | 0.2% | 1.0% | -3.3% |
| Liquidity | ||||||
| Current ratio | 0.42 | 0.50 | 0.40 | 0.84 | 0.62 | 0.96 |
| Quick ratio | 0.42 | 0.50 | 0.40 | 0.84 | 0.62 | 0.96 |
| Cash ratio | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.43 |
| Leverage | ||||||
| Debt / Equity | 0.33 | 0.32 | 0.54 | 0.50 | 0.47 | 0.46 |
| Debt / Assets | 0.16 | 0.18 | 0.27 | 0.26 | 0.26 | 0.26 |
| Debt / EBITDA | 0.44 | 0.74 | - | 70.05 | 13.85 | - |
| Interest coverage | 34.1x | 7.6x | -7.3x | 0.2x | 1.1x | -3.0x |
| Equity multiplier | 2.00 | 1.83 | 2.00 | 1.90 | 1.80 | 1.76 |
| Liabilities / Assets | 0.50 | 0.45 | 0.50 | 0.48 | 0.44 | 0.43 |
| Efficiency | ||||||
| Asset turnover | 0.54 | 0.48 | 0.26 | 0.29 | 0.34 | 0.21 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 46d | 57d | 67d | 74d | 43d | 78d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 68.3% | 90.6% | 2.4% | -15.6% | 68.0% | 140.7% |
| Revenue CAGR (3y) | 48.7% | 18.1% | 13.3% | 50.6% | 37.5% | - |
| Revenue CAGR (5y) | 36.1% | 46.1% | 17.6% | - | 12.6% | 20.9% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 249.4% | - | - | -85.7% | - | 28.3% |
| Net income growth (YoY) | 240.4% | - | -1178.1% | - | - | 48.2% |
| EPS growth (YoY) | 254.2% | - | -728.1% | - | - | 61.3% |
| EPS CAGR (3y) | - | 458.3% | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | -62.9% | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 36.9% | 11.3% | 12.0% | -7.6% | 0.8% | -4.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Geographic
$1.53B totalWattenberg Field$1.28B · 83.3%
Delaware Basin$255.13M · 16.7%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
1.86
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Crude Petroleum & Natural Gas
Comparing PDC ENERGY against the 5 most active filers in the same SIC group.