XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 4,244 $ 20,868
Receivables:    
Crude oil, natural gas, and natural gas liquids sales 1,606,516 1,122,415
Joint interest and other 274,902 278,753
Allowance for credit losses (2,768) (2,814)
Receivables, Net, Current 1,878,650 1,398,354
Derivative assets 3,561 22,334
Inventories 155,305 105,568
Prepaid expenses and other 25,315 17,266
Total current assets 2,067,075 1,564,390
Net property and equipment, based on successful efforts method of accounting 17,466,448 16,975,465
Investment in unconsolidated affiliates 65,772 0
Operating lease right-of-use assets 27,036 16,370
Derivative Asset, Noncurrent 7,307 13,188
Other noncurrent assets 39,793 21,698
Total assets 19,673,431 18,591,111
Current liabilities:    
Accounts payable trade 656,142 582,317
Revenues and royalties payable 813,404 627,171
Accrued liabilities and other 311,262 285,740
Current portion of income tax liabilities 95,957 0
Derivative liabilities 294,018 899
Current portion of operating leases 4,538 1,674
Current portion of long-term debt 2,347 2,326
Total current liabilities 2,177,668 1,500,127
Long-term debt, net of current portion 6,562,803 6,826,566
Other noncurrent liabilities:    
Deferred income tax liabilities, net 2,234,866 2,139,884
Asset retirement obligations, net of current portion 232,387 215,701
Derivative liabilities, noncurrent 136,242 318
Operating lease liabilities, net of current portion 21,500 13,800
Other noncurrent liabilities 37,522 38,390
Total other noncurrent liabilities 2,662,517 2,408,093
Commitments and contingencies (Note 9)
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; 363,126,085 shares issued and outstanding at March 31, 2022; 364,297,520 shares issued and outstanding at December 31, 2021 3,631 3,643
Additional paid-in capital 1,034,977 1,131,602
Retained earnings 6,854,183 6,340,211
Total shareholders’ equity attributable to Continental Resources 7,892,791 7,475,456
Noncontrolling interests 377,652 380,869
Total Equity 8,270,443 7,856,325
Total liabilities and equity $ 19,673,431 $ 18,591,111