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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 517,571 $ 39,400
Receivables:    
Crude oil and natural gas sales 389,203 726,876
Joint interest and other 305,519 317,018
Allowance for credit losses (2,694) (2,407)
Receivables, Net, Current 692,028 1,041,487
Inventories 62,600 109,536
Prepaid expenses and other 22,973 16,592
Total current assets 1,295,172 1,207,015
Net property and equipment, based on successful efforts method of accounting 14,436,112 14,497,726
Operating lease right-of-use assets 12,684 9,128
Other noncurrent assets 12,743 14,038
Total assets 15,756,711 15,727,907
Current liabilities:    
Accounts payable trade 673,669 629,264
Revenues and royalties payable 239,245 470,264
Accrued liabilities and other 160,596 230,368
Current portion of operating leases 6,243 3,695
Current portion of long-term debt 2,455 2,435
Total current liabilities 1,082,208 1,336,026
Long-term debt, net of current portion 5,964,589 5,324,079
Other noncurrent liabilities:    
Deferred income tax liabilities, net 1,737,112 1,787,125
Asset retirement obligations, net of current portion 156,126 151,774
Operating lease liabilities, net of current portion 6,340 5,433
Other noncurrent liabilities 13,078 15,119
Total other noncurrent liabilities 1,912,656 1,959,451
Commitments and contingencies (Note 10)  
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; 365,117,003 shares issued and outstanding at March 31, 2020; 371,074,036 shares issued and outstanding at December 31, 2019 3,651 3,711
Additional paid-in capital 1,157,866 1,274,732
Retained earnings 5,258,845 5,463,224
Total shareholders’ equity attributable to Continental Resources 6,420,362 6,741,667
Noncontrolling interests 376,896 366,684
Total Equity 6,797,258 7,108,351
Total liabilities and equity $ 15,756,711 $ 15,727,907