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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 553,260 $ 20,868
Receivables:    
Crude oil, natural gas, and natural gas liquids sales 1,848,508 1,122,415
Joint interest and other 336,143 278,753
Allowance for credit losses (2,856) (2,814)
Receivables, Net, Current 2,181,795 1,398,354
Derivative assets 2,799 22,334
Inventories 175,254 105,568
Prepaid expenses and other 23,918 17,266
Total current assets 2,937,026 1,564,390
Net property and equipment, based on successful efforts method of accounting 17,881,055 16,975,465
Investment in unconsolidated affiliates 65,749 0
Operating lease right-of-use assets 25,819 16,370
Derivative Asset, Noncurrent 2,116 13,188
Other noncurrent assets 17,307 21,698
Total assets 20,929,072 18,591,111
Current liabilities:    
Accounts payable trade 713,417 582,317
Revenues and royalties payable 916,034 627,171
Accrued liabilities and other 372,370 285,740
Current portion of income tax liabilities 88,679 0
Derivative liabilities 237,584 899
Current portion of operating leases 4,095 1,674
Current portion of long-term debt 637,424 2,326
Total current liabilities 2,969,603 1,500,127
Long-term debt, net of current portion 5,662,567 6,826,566
Other noncurrent liabilities:    
Deferred income tax liabilities, net 2,381,414 2,139,884
Asset retirement obligations, net of current portion 245,412 215,701
Derivative liabilities, noncurrent 227,167 318
Operating lease liabilities, net of current portion 20,802 13,800
Other noncurrent liabilities 36,283 38,390
Total other noncurrent liabilities 2,911,078 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; 363,002,130 shares issued and outstanding at June 30, 2022; 364,297,520 shares issued and outstanding at December 31, 2021 3,630 3,643
Additional paid-in capital 1,042,891 1,131,602
Retained earnings 7,961,406 6,340,211
Total shareholders’ equity attributable to Continental Resources 9,007,927 7,475,456
Noncontrolling interests 377,897 380,869
Total Equity 9,385,824 7,856,325
Total liabilities and equity $ 20,929,072 $ 18,591,111