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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 1,036.0 $ 140.0
Restricted cash 10.0 12.0
Accounts receivable, net 1,037.0 215.0
Income taxes receivable 0.0 6.0
Inventories 39.0 15.0
Derivative instruments 7.0 26.0
Other current assets 7.0 2.0
Total current assets 2,136.0 416.0
Properties and equipment, net (Successful efforts method) 17,375.0 4,045.0
Other assets 389.0 63.0
TOTAL ASSETS 19,900.0 4,524.0
Current liabilities    
Accounts payable 747.0 162.0
Current portion of long-term debt 0.0 188.0
Accrued liabilities 260.0 22.0
Interest payable 25.0 18.0
Income taxes payable 29.0 0.0
Derivative instruments 159.0 0.0
Total current liabilities 1,220.0 390.0
Long-term debt, net 3,125.0 946.0
Deferred income taxes 3,101.0 774.0
Asset retirement obligations 259.0 85.0
Postretirement benefits 33.0 31.0
Other liabilities 374.0 82.0
Total liabilities 8,112.0 2,308.0
Commitments and contingencies
Cimarex redeemable preferred stock 50.0 0.0
Stockholders' equity    
Authorized — 1,800,000,000 shares and 960,000,000 shares of $0.10 par value in 2021 and 2020, respectively Issued — 889,592,827 shares and 477,828,813 shares in 2021 and 2020, respectively 89.0 48.0
Additional paid-in capital 10,911.0 1,804.0
Retained earnings 2,563.0 2,185.0
Accumulated other comprehensive income 1.0 2.0
Treasury Stock, Value (1,826.0) (1,823.0)
Total stockholders' equity 11,738.0 2,216.0
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 19,900.0 $ 4,524.0