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 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $871.81M | $957.67M | - | $1.51B | $1.24B | $882.38M | - | $703.14M | $533.14M | $468.12M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $52.78M | $41.49M | - | $40.10M | $45.65M | $34.11M | - | $30.85M | $32.84M | $32.68M |
| Total Operating Expenses | $464.06M | $415.96M | - | $460.76M | $430.84M | $334.26M | - | $320.73M | $296.00M | $275.98M |
| D&A | $252.91M | $207.19M | - | $205.60M | $191.06M | $151.06M | - | $169.64M | $162.21M | $146.76M |
| Operating Income | $407.75M | $541.71M | - | $1.05B | $707.65M | ($17.82M) | - | $165.63M | ($67.13M) | $10.06M |
| Interest Expense | $19.28M | $14.71M | - | $18.63M | $17.57M | $12.95M | - | $20.10M | $20.06M | $19.04M |
| Income Tax | $99.76M | $112.87M | - | $229.32M | $127.98M | $1.20M | - | $210.0K | ($155.0K) | $55.0K |
| Net Income | $288.71M | $414.13M | - | $797.97M | $662.38M | ($31.96M) | - | $145.32M | ($87.04M) | ($9.04M) |
| EPS - Basic | $3.31 | $4.69 | - | $8.40 | $6.83 | ($0.33) | - | $1.48 | ($0.88) | ($0.09) |
| EPS - Diluted | $3.28 | $4.64 | - | $8.30 | $6.74 | ($0.33) | - | $1.45 | ($0.88) | ($0.09) |
Balance Sheet
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.20M | $17.44M | $6.49M | $45.65M | $38.53M | $171.16M | $33.83M | $99.92M | $109.75M | $59.07M |
| Accounts Receivable | $498.75M | $474.78M | $546.31M | $609.44M | $723.41M | $537.06M | $398.61M | $368.61M | $307.20M | $256.84M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $231.20M | $286.00M | $244.41M | $213.47M | $285.41M | $192.27M | $127.89M | $143.93M | $177.10M | $120.65M |
| Current Assets | $581.96M | $571.19M | $593.75M | $727.97M | $788.31M | $733.56M | $458.57M | $484.69M | $429.81M | $335.26M |
| Total Assets | $8.36B | $8.26B | $7.98B | $8.03B | $7.98B | $5.73B | $5.34B | $5.37B | $5.33B | $5.24B |
| Current Liabilities | $1.18B | $1.32B | $1.42B | $1.51B | $1.88B | $1.28B | $920.10M | $1.05B | $1.16B | $943.57M |
| Long-term Debt | $1.51B | $1.30B | $1.31B | $1.39B | $1.70B | $942.57M | $942.08M | $1.24B | $1.24B | $1.24B |
| Total Liabilities | $3.94B | $4.05B | $4.00B | $4.05B | $4.51B | $2.97B | $2.43B | $2.82B | $2.87B | $2.65B |
| Stockholders' Equity | $4.42B | $4.21B | $3.98B | $3.98B | $3.47B | $2.76B | $2.91B | $2.54B | $2.46B | $2.59B |
| Retained Earnings | $1.71B | $1.48B | $1.17B | $1.04B | $380.47M | ($281.91M) | ($249.95M) | ($723.02M) | ($868.34M) | ($781.30M) |
Cash Flow
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $588.32M | - | - | - | $489.05M | - | - | - | $353.06M |
| Investing Cash Flow | - | ($372.44M) | - | - | - | ($236.53M) | - | - | - | ($104.75M) |
| Financing Cash Flow | - | ($204.94M) | - | - | - | ($115.19M) | - | - | - | ($191.87M) |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 46.8% | 56.6% | - | 69.5% | 57.2% | -2.0% | - | 23.6% | -12.6% | 2.1% |
| EBITDA margin | 75.8% | 78.2% | - | 83.1% | 72.6% | 15.1% | - | 47.7% | 17.8% | 33.5% |
| Net margin | 33.1% | 43.2% | - | 52.8% | 53.5% | -3.6% | - | 20.7% | -16.3% | -1.9% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 6.1% | 4.3% | - | 2.7% | 3.7% | 3.9% | - | 4.4% | 6.2% | 7.0% |
| Effective tax rate | 25.7% | 21.4% | - | 22.3% | 16.2% | - | - | 0.1% | - | - |
| Return on assets | 3.5% | 5.0% | - | 9.9% | 8.3% | -0.6% | - | 2.7% | -1.6% | -0.2% |
| Return on equity | 6.5% | 9.8% | - | 20.0% | 19.1% | -1.2% | - | 5.7% | -3.5% | -0.3% |
| Return on invested capital | 5.1% | 7.7% | - | 15.2% | 11.5% | -0.4% | - | 4.4% | -1.4% | 0.2% |
| Liquidity | ||||||||||
| Current ratio | 0.49 | 0.43 | 0.42 | 0.48 | 0.42 | 0.58 | 0.50 | 0.46 | 0.37 | 0.36 |
| Quick ratio | 0.49 | 0.43 | 0.42 | 0.48 | 0.42 | 0.58 | 0.50 | 0.46 | 0.37 | 0.36 |
| Cash ratio | 0.01 | 0.01 | 0.00 | 0.03 | 0.02 | 0.13 | 0.04 | 0.09 | 0.09 | 0.06 |
| Leverage | ||||||||||
| Debt / Equity | 0.34 | 0.31 | 0.33 | 0.35 | 0.49 | 0.34 | 0.32 | 0.49 | 0.50 | 0.48 |
| Debt / Assets | 0.18 | 0.16 | 0.16 | 0.17 | 0.21 | 0.16 | 0.18 | 0.23 | 0.23 | 0.24 |
| Debt / EBITDA | 2.29 | 1.73 | - | 1.11 | 1.89 | 7.07 | - | 3.71 | 13.07 | 7.92 |
| Interest coverage | 21.2x | 36.8x | - | 56.4x | 40.3x | -1.4x | - | 8.2x | -3.3x | 0.5x |
| Equity multiplier | 1.89 | 1.96 | 2.00 | 2.02 | 2.30 | 2.07 | 1.83 | 2.11 | 2.16 | 2.03 |
| Liabilities / Assets | 0.47 | 0.49 | 0.50 | 0.50 | 0.56 | 0.52 | 0.45 | 0.53 | 0.54 | 0.51 |
| Efficiency | ||||||||||
| Asset turnover | 0.10 | 0.12 | - | 0.19 | 0.16 | 0.15 | - | 0.13 | 0.10 | 0.09 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 209d | 181d | - | 147d | 213d | 222d | - | 191d | 210d | 200d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -29.6% | 8.5% | - | 114.9% | 132.1% | 88.5% | - | 123.3% | 206.5% | -38.2% |
| Revenue CAGR (3y) | 71.1% | 8.2% | - | 60.4% | 46.9% | 40.1% | - | 23.6% | 35.6% | 21.6% |
| Revenue CAGR (5y) | 32.5% | 29.7% | - | 52.5% | 35.1% | 26.4% | - | 33.8% | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -42.4% | - | - | 534.3% | - | - | - | - | 65.7% | - |
| Net income growth (YoY) | -56.4% | - | - | 449.1% | - | -253.7% | - | - | 60.8% | 98.1% |
| EPS growth (YoY) | -51.3% | - | - | 472.4% | - | -266.7% | - | - | 60.5% | 98.2% |
| EPS CAGR (3y) | - | - | - | 221.4% | 86.4% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | 61.2% | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 27.4% | 52.4% | 36.9% | 56.5% | 40.8% | 6.9% | 11.3% | -2.8% | -6.8% | -9.5% |
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%
Peer comparison
Same SIC group: Crude Petroleum & Natural Gas
Comparing PDC ENERGY against the 5 most active filers in the same SIC group.