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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 55,565 $ 137,788
Receivables:    
Crude oil, natural gas, and natural gas liquids sales 1,058,252 1,313,538
Joint interest and other 460,337 458,391
Allowance for credit losses (5,285) (5,514)
Receivables, net 1,513,304 1,766,415
Derivative assets 245,891 39,280
Inventories 192,933 173,264
Prepaid expenses and other 32,347 27,508
Total current assets 2,040,040 2,144,255
Net property and equipment, based on successful efforts method of accounting 19,120,782 18,471,914
Investment in unconsolidated affiliates 210,142 210,805
Operating lease right-of-use assets 25,318 25,158
Derivative assets, noncurrent 6,180 3,548
Other noncurrent assets 17,212 22,670
Total assets 21,419,674 20,878,350
Current liabilities:    
Accounts payable trade 1,026,928 850,547
Revenues and royalties payable 658,113 882,256
Accrued liabilities and other 274,175 343,777
Current portion of incentive compensation liability 80,966 125,653
Current portion of income tax liabilities 291,212 152,149
Derivative liabilities 0 88,136
Current portion of operating lease liabilities 4,806 4,086
Current portion of long-term debt 638,379 638,058
Total current liabilities 2,974,579 3,084,662
Long-term debt, net of current portion 7,373,823 7,571,582
Other noncurrent liabilities:    
Deferred income tax liabilities, net 2,639,005 2,538,312
Incentive compensation liability, net of current portion 16,360 100,066
Asset retirement obligations, net of current portion 259,353 257,152
Derivative liabilities, noncurrent 99,653 133,363
Operating lease liabilities, net of current portion 19,454 20,055
Other noncurrent liabilities 29,475 43,550
Total other noncurrent liabilities 3,063,300 3,092,498
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 299,610,267 shares issued and outstanding at March 31, 2023; 299,610,267 shares issued and outstanding at December 31, 2022; 2,996 2,996
Retained earnings 7,639,087 6,754,174
Total shareholders’ equity attributable to Continental Resources 7,642,083 6,757,170
Noncontrolling interests 365,889 372,438
Total Equity 8,007,972 7,129,608
Total liabilities and equity $ 21,419,674 $ 20,878,350