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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 20,868 $ 47,470
Crude oil and natural gas sales 1,122,415 561,127
Joint interest and other 278,753 143,829
Allowance for credit losses (2,814) (2,462)
Receivables, net 1,398,354 702,494
Derivative assets 22,334 15,303
Inventories 105,568 72,157
Prepaid expenses and other 17,266 15,121
Total current assets 1,564,390 852,545
Net property and equipment, based on successful efforts method of accounting 16,975,465 13,737,292
Derivative assets, noncurrent 13,188 0
Operating lease right-of-use assets 16,370 8,557
Other noncurrent assets 21,698 34,704
Total assets 18,591,111 14,633,098
Current liabilities:    
Accounts payable trade 582,317 361,704
Revenues and royalties payable 627,171 327,029
Accrued liabilities and other 285,740 167,013
Derivative liabilities 899 227
Current portion of operating lease liabilities 1,674 2,588
Current portion of long-term debt 2,326 2,245
Total current liabilities 1,500,127 860,806
Long-term debt, net of current portion 6,826,566 5,530,173
Other noncurrent liabilities:    
Deferred income tax liabilities, net 2,139,884 1,620,154
Asset retirement obligations, net of current portion 215,701 177,194
Derivative liabilities, noncurrent 318 1,584
Operating lease liabilities, net of current portion 13,800 5,839
Other noncurrent liabilities 38,390 14,623
Total other noncurrent liabilities 2,408,093 1,819,394
Commitments and contingencies (Note 13)
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; 364,297,520 shares issued and outstanding at December 31, 2021; 365,220,435 shares issued and outstanding at December 31, 2020 3,643 3,652
Additional paid-in capital 1,131,602 1,205,148
Retained earnings 6,340,211 4,847,646
Total shareholders’ equity attributable to Continental Resources 7,475,456 6,056,446
Noncontrolling interests 380,869 366,279
Total equity 7,856,325 6,422,725
Total liabilities and equity $ 18,591,111 $ 14,633,098