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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 39,400 $ 282,749
Crude oil and natural gas sales 726,876 644,107
Joint interest and other, net 314,611 368,308
Derivative assets 0 15,612
Inventories 109,536 88,544
Prepaid expenses and other 16,592 13,041
Total current assets 1,207,015 1,412,361
Net property and equipment, based on successful efforts method of accounting 14,497,726 13,869,800
Operating lease right-of-use assets 9,128 0
Other noncurrent assets 14,038 15,786
Total assets 15,727,907 15,297,947
Current liabilities:    
Accounts payable trade 629,264 717,723
Revenues and royalties payable 470,264 400,607
Accrued liabilities and other 230,368 266,819
Current portion of operating lease liability 3,695 0
Current portion of long-term debt 2,435 2,360
Total current liabilities 1,336,026 1,387,509
Long-term debt, net of current portion 5,324,079 5,765,989
Other noncurrent liabilities:    
Deferred income tax liabilities, net 1,787,125 1,574,436
Asset retirement obligations, net of current portion 151,774 136,986
Operating lease liabilities, net of current portion 5,433 0
Other noncurrent liabilities 15,119 11,166
Total other noncurrent liabilities 1,959,451 1,722,588
Commitments and contingencies (Note 11)
Equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 371,074,036 shares issued and outstanding at December 31, 2019; 376,021,575 shares issued and outstanding at December 31, 2018 3,711 3,760
Additional paid-in capital 1,274,732 1,434,823
Accumulated other comprehensive income 0 415
Retained earnings 5,463,224 4,706,135
Total shareholders’ equity attributable to Continental Resources 6,741,667 6,145,133
Noncontrolling interests 366,684 276,728
Total equity 7,108,351 6,421,861
Total liabilities and equity $ 15,727,907 $ 15,297,947