Diamondback Energy, Inc. Website

Diamondback Energy, Inc.

NasdaqGS-FANG

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Total Revenues

3,951

2,756

6,747

9,083

7,959

8,846

Total Revenues % Chg.

82.6%

-30.2%

144.8%

34.6%

-12.4%

11.3%

Cost of Goods Sold, Total

917

760

1,202

910

1,270

1,826

Gross Profit

3,034

1,996

5,545

8,173

6,689

7,020

Selling General & Admin Expenses, Total

104

88

146

144

150

165

Depreciation & Amortization

1,454

1,311

1,275

1,344

1,746

1,863

Other Operating Expenses

142

84

1,023

691

451

122

Other Operating Expenses, Total

1,700

1,483

2,444

2,179

2,347

2,150

Operating Income

1,334

513

3,101

5,994

4,342

4,870

Interest Expense, Total

-130

-250

-70

-218

-197

-209

Interest And Investment Income

—

1

4

1

1

2

2

Net Interest Expenses

-129

-246

-69

-217

-195

-207

Income (Loss) On Equity Invest.

—

—

—

—

—

-6

-10

15

77

48

35

Other Non Operating Income (Expenses)

9

-7

13

-5

-20

-50

EBT, Excl. Unusual Items

1,208

250

3,060

5,849

4,175

4,648

Merger & Related Restructuring Charges

—

—

—

—

—

—

-78

-14

-11

-16

Gain (Loss) On Sale Of Investments

—

—

—

—

—

—

—

—

88

88

Asset Writedown

—

—

—

-790

-6,021

—

—

—

—

Other Unusual Items

—

—

—

—

-56

-5

-75

-99

-4

2

EBT, Incl. Unusual Items

362

-5,776

2,907

5,736

4,248

4,722

Income Tax Expense

47

-1,104

631

1,174

912

1,015

Earnings From Continuing Operations

315

-4,672

2,276

4,562

3,336

3,707

Minority Interest

-75

155

-94

-176

-193

-227

Net Income

240

-4,517

2,182

4,386

3,143

3,480

Preferred Dividend and Other Adjustments

—

—

—

—

—

—

2

20

42

22

24

Net Income to Common Incl Extra Items

240

-4,519

2,162

4,344

3,121

3,456

Net Income to Common Excl. Extra Items

240

-4,519

2,162

4,344

3,121

3,456

Total Shares Outstanding

159

158.1

177.6

179.8

178.7

178.4

Weighted Avg. Shares Outstanding

163.5

158

176.6

176.5

180

178.6

Weighted Avg. Shares Outstanding Dil

163.8

158

176.6

176.5

180

178.6

EPS

1.5

-28.6

12.2

24.6

17.3

19.3

EPS Diluted

1.5

-28.6

12.2

24.6

17.3

19.3

EBITDA

2,788

1,824

4,376

7,338

6,088

6,733

Effective Tax Rate

13%

19.1%

21.7%

20.5%

21.5%

21.5%