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Whiting Petroleum Corporation Balance Sheet 2021-2007 | WLL
Brief overview of Whiting Petroleum Corporation's balance sheet structure
Balance sheet changes are traced across five available annual reports between 2017 and 2021.
Assets declined from $8.4 billion to $2.5 billion, or -70.7%. The contraction calls for context such as disposals, restructuring or weaker operations.
Liabilities increased less than assets, posting -82.3% versus -70.7%. That relationship usually strengthens the balance sheet.
Equity funds 67.7% of assets versus 46.6% initially. This creates a conservative balance sheet structure.
Cash represents 1.7% of assets versus 10.5% initially, showing how the immediate liquidity reserve changed.
Retained earnings reached $467 million, changing +118.8% over the period. A positive accumulated result supports equity.
Overall assessment
Whiting Petroleum Corporation's financial position is more positive than negative: the funding mix is workable, although the cushion is not unlimited.
Annual Balance Sheet Whiting Petroleum Corporation
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | 338 M | 2.8 B | 2.78 B | 2.84 B | 3.48 B | 5.18 B | 5.52 B | 1.95 B | 1.76 B | 1.36 B | 781 M | 768 M | - | - |
Long Term Debt |
- | 360 M | 2.8 B | 2.79 B | 2.76 B | 3.54 B | 5.2 B | 5.6 B | 2.65 B | 1.8 B | 1.38 B | 800 M | 780 M | - | - |
Long Term Debt Current |
3.09 M | 4.03 M | 7.35 M | - | 959 M | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | 493 M | 3.06 B | 2.95 B | 2.93 B | 4.25 B | 6.03 B | 7.11 B | 4.22 B | 3.18 B | 2.45 B | - | - | - | - |
Total Current Liabilities |
638 M | 322 M | 550 M | 537 M | 1.55 B | 478 M | 600 M | 1.16 B | 778 M | 637 M | 567 M | 459 M | 283 M | - | - |
Total Liabilities |
794 M | 815 M | 3.61 B | 3.49 B | 4.48 B | 4.73 B | 6.63 B | 8.29 B | 5 B | 3.82 B | 3.02 B | 2.12 B | 1.76 B | - | - |
Retained Earnings |
467 M | 39.1 M | -2.39 B | -2.14 B | -2.49 B | -1.25 B | 90.5 M | 2.31 B | 2.24 B | 1.88 B | 1.47 B | 976 M | 703 M | - | - |
Total Assets |
2.46 B | 2.04 B | 7.64 B | 7.76 B | 8.4 B | 9.88 B | 11.4 B | 14 B | 8.83 B | 7.27 B | 6.05 B | 4.65 B | 4.03 B | - | - |
Cash and Cash Equivalents |
41.2 M | 25.6 M | 8.65 M | 13.6 M | 879 M | 56 M | 16.1 M | 78.1 M | 699 M | 44.8 M | 15.8 M | 19 M | 12 M | 9.62 M | 14.8 M |
Book Value |
1.66 B | 1.23 B | 4.02 B | 4.27 B | 3.92 B | 5.15 B | 4.76 B | 5.7 B | 3.84 B | 3.45 B | 3.03 B | 2.53 B | 2.27 B | - | - |
Total Shareholders Equity |
1.66 B | 1.23 B | 4.02 B | 4.27 B | 3.92 B | 5.14 B | 4.75 B | 5.69 B | 3.83 B | 3.44 B | 3.02 B | 2.53 B | 2.27 B | 1.81 B | 1.49 B |
All numbers in USD currency
Quarterly Balance Sheet Whiting Petroleum Corporation
| 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
- | - | - | 50 M | - | 72 M | 115 M | 245 M | 360 M | 400 M | 2.8 B | 2.8 B | 2.8 B | 2.61 B | 2.3 B | 2.84 B | 2.79 B | 2.84 B | 2.78 B | 2.86 B | 2.76 B | 2.93 B | 3.27 B | 3.17 B | 3.54 B | 4.09 B | 4.96 B | 5.33 B | 5.2 B | 5.25 B | 5.25 B | 5.24 B | 5.6 B | 2.75 B | 2.65 B | 2.65 B | 2.65 B | 2.65 B | 2 B | 1.85 B | 1.8 B | 1.6 B | 1.42 B | 1.24 B | 1.38 B | 1.2 B | 1.06 B | 980 M | 700 M | 650 M |
Total Non Current Liabilities |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.41 B |
Total Liabilities |
- | - | - | 1.17 B | 794 M | 922 M | 938 M | 868 M | 815 M | 869 M | 3.91 B | 4.13 B | 3.61 B | 3.6 B | 3.58 B | 3.55 B | 3.49 B | 3.65 B | 3.62 B | 3.6 B | 4.48 B | 3.79 B | 4.41 B | 4.32 B | 4.73 B | 5.46 B | 6.04 B | 6.59 B | 6.63 B | 6.82 B | 7.51 B | 7.66 B | 8.29 B | 5.36 B | 5.26 B | 5.04 B | 5 B | 5.24 B | 4.44 B | 4.1 B | 3.82 B | 3.56 B | 3.23 B | 3.09 B | 3.02 B | 2.68 B | 2.53 B | 2.43 B | 1.9 B | - |
Retained Earnings |
- | - | - | 420 M | 467 M | 175 M | -23.4 M | 38.1 M | 39.1 M | 40.3 M | -6.59 B | -6.01 B | -2.39 B | -2.24 B | -2.22 B | -2.21 B | -2.14 B | -2.35 B | -2.47 B | -2.47 B | -2.49 B | -1.69 B | -1.4 B | -1.34 B | -1.25 B | -1.08 B | -382 M | -81.2 M | 90.5 M | 189 M | 2.05 B | 2.2 B | 2.31 B | 2.66 B | 2.51 B | 2.35 B | 2.24 B | 2.3 B | 2.1 B | 1.97 B | 1.88 B | 1.8 B | 1.72 B | 1.56 B | 1.47 B | 1.4 B | 1.2 B | 995 M | 910 M | 904 M |
Total Assets |
- | - | - | 2.79 B | 2.46 B | 2.29 B | 2.11 B | 2.1 B | 2.04 B | 2.1 B | 3.73 B | 4.53 B | 7.64 B | 7.77 B | 7.78 B | 7.75 B | 7.76 B | 7.71 B | 7.56 B | 7.53 B | 8.4 B | 8.5 B | 9.41 B | 9.39 B | 9.88 B | 10.1 B | 10.8 B | 11.2 B | 11.4 B | 11.7 B | 14.2 B | 14.5 B | 14 B | 9.62 B | 9.36 B | 8.98 B | 8.83 B | 9.13 B | 8.12 B | 7.64 B | 7.27 B | 6.93 B | 6.51 B | 6.22 B | 6.05 B | 5.65 B | 5.29 B | 4.98 B | 4.37 B | 4.17 B |
Cash and Cash Equivalents |
- | - | - | 208 K | 41.2 M | 12.9 M | 16.7 M | 24.7 M | 25.6 M | 13.7 M | 492 M | 566 M | 8.65 M | 13.6 M | 6.68 M | 1.69 M | 13.6 M | 14.2 M | 16.6 M | 30.5 M | 879 M | 11.2 M | 23.2 M | 16.4 M | 56 M | 18.3 M | 15.3 M | 1.06 M | 16.1 M | 37.7 M | 60.2 M | 106 M | 78.1 M | 28.1 M | 227 M | 406 M | 699 M | 1.03 B | 23.3 M | 8.18 M | 44.8 M | 26.1 M | 6.81 M | 9.82 M | 15.8 M | 6.09 M | 11.1 M | 5.03 M | 3.21 M | 15.5 M |
Book Value |
- | - | - | 1.62 B | 1.66 B | 1.37 B | 1.17 B | 1.23 B | 1.23 B | 1.23 B | -178 M | 395 M | 4.02 B | 4.17 B | 4.2 B | 4.2 B | 4.27 B | 4.06 B | 3.94 B | 3.94 B | 3.92 B | 4.72 B | 5 B | 5.06 B | 5.15 B | 4.6 B | 4.76 B | 4.59 B | 4.76 B | 4.85 B | 6.71 B | 6.79 B | 5.7 B | 4.26 B | 4.1 B | 3.94 B | 3.84 B | 3.89 B | 3.68 B | 3.54 B | 3.45 B | 3.37 B | 3.28 B | 3.13 B | 3.03 B | 2.96 B | 2.76 B | 2.55 B | 2.47 B | 4.17 B |
Total Shareholders Equity |
- | - | - | 1.62 B | 1.66 B | 1.37 B | 1.17 B | 1.23 B | 1.23 B | 1.23 B | -178 M | 395 M | 4.02 B | 4.17 B | 4.2 B | 4.2 B | 4.27 B | 4.06 B | 3.94 B | 3.94 B | 3.92 B | 4.72 B | 5 B | 5.06 B | 5.14 B | 4.6 B | 4.76 B | 4.58 B | 4.75 B | 4.84 B | 6.7 B | 6.78 B | 5.69 B | 4.25 B | 4.09 B | 3.93 B | 3.83 B | 3.88 B | 3.67 B | 3.53 B | 3.44 B | 3.36 B | 3.27 B | 3.12 B | 3.02 B | 2.96 B | 2.75 B | 2.54 B | 2.47 B | 2.46 B |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Whiting Petroleum Corporation, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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