Attached files
| file | filename |
|---|---|
| 8-K/A - PXD 8/6/12 8KA - PIONEER NATURAL RESOURCES CO | august8-ka.htm |
EXHIBIT 99.1
PIONEER NATURAL RESOURCES COMPANY
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
June 30, 2012 | December 31, 2011 | |||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 317,769 | $ | 537,484 | ||||
Accounts receivable, net | 252,493 | 283,813 | ||||||
Income taxes receivable | 2,417 | 3 | ||||||
Inventories | 277,539 | 241,609 | ||||||
Prepaid expenses | 28,213 | 14,263 | ||||||
Discontinued operations held for sale | 70,177 | 73,349 | ||||||
Derivatives | 308,762 | 238,835 | ||||||
Other current assets, net | 26,663 | 12,936 | ||||||
Total current assets | 1,284,033 | 1,402,292 | ||||||
Property, plant and equipment, at cost: | ||||||||
Oil and gas properties, using the successful efforts method of accounting | 13,261,118 | 12,249,332 | ||||||
Accumulated depletion, depreciation and amortization | (4,013,770 | ) | (3,648,465 | ) | ||||
Total property, plant and equipment | 9,247,348 | 8,600,867 | ||||||
Goodwill | 298,142 | 298,142 | ||||||
Other property and equipment, net | 1,134,532 | 573,075 | ||||||
Investment in unconsolidated affiliate | 184,374 | 169,532 | ||||||
Derivatives | 260,929 | 243,240 | ||||||
Other assets, net | 160,376 | 160,008 | ||||||
$ | 12,569,734 | $ | 11,447,156 | |||||
LIABILITIES AND EQUITY | ||||||||
Current liabilities: | ||||||||
Accounts payable | $ | 809,158 | $ | 716,211 | ||||
Interest payable | 57,329 | 57,240 | ||||||
Income taxes payable | 1,881 | 9,788 | ||||||
Current deferred income taxes | 89,656 | 57,713 | ||||||
Discontinued operations held for sale | 77,310 | 75,901 | ||||||
Deferred revenue | 21,150 | 42,069 | ||||||
Derivatives | 30,650 | 74,415 | ||||||
Other current liabilities | 41,857 | 36,174 | ||||||
Total current liabilities | 1,128,991 | 1,069,511 | ||||||
Long-term debt | 3,285,497 | 2,528,905 | ||||||
Deferred income taxes | 2,154,301 | 1,942,446 | ||||||
Derivatives | 17,785 | 33,561 | ||||||
Other liabilities | 226,184 | 221,595 | ||||||
Equity | 5,756,976 | 5,651,138 | ||||||
$ | 12,569,734 | $ | 11,447,156 | |||||