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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 49,253 $ 137,788
Receivables:    
Crude oil, natural gas, and natural gas liquids sales 1,321,161 1,313,538
Joint interest and other 384,512 458,391
Allowance for credit losses (3,751) (5,514)
Receivables, net 1,701,922 1,766,415
Derivative assets 78,644 39,280
Inventories 207,635 173,264
Prepaid expenses and other 30,885 27,508
Total current assets 2,068,339 2,144,255
Net property and equipment, based on successful efforts method of accounting 19,626,889 18,471,914
Investment in unconsolidated affiliates 226,340 210,805
Operating lease right-of-use assets 41,339 25,158
Derivative assets, noncurrent 18,935 3,548
Other noncurrent assets 17,960 22,670
Total assets 21,999,802 20,878,350
Current liabilities:    
Accounts payable trade 907,717 850,547
Revenues and royalties payable 848,043 882,256
Accrued liabilities and other 332,144 343,777
Current portion of incentive compensation liability 130,503 125,653
Current portion of income tax liabilities 66,667 152,149
Derivative liabilities 175,384 88,136
Current portion of operating lease liabilities 17,847 4,086
Current portion of long-term debt 894,777 638,058
Total current liabilities 3,373,082 3,084,662
Long-term debt, net of current portion 6,454,038 7,571,582
Other noncurrent liabilities:    
Deferred income tax liabilities, net 2,706,680 2,538,312
Incentive compensation liability, noncurrent 37,818 100,066
Asset retirement obligations, noncurrent 271,048 257,152
Derivative liabilities, noncurrent 39,494 133,363
Operating lease liabilities, noncurrent 22,389 20,055
Other noncurrent liabilities 31,224 43,550
Total other noncurrent liabilities 3,108,653 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 September 30, 2023; 299,610,267 shares issued and outstanding at December 31, 2022; 2,996 2,996
Retained earnings 8,700,724 6,754,174
Total shareholders’ equity attributable to Continental Resources 8,703,720 6,757,170
Noncontrolling interests 360,309 372,438
Total Equity 9,064,029 7,129,608
Total liabilities and equity $ 21,999,802 $ 20,878,350