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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 1,666,574 $ 20,115
Restricted cash 500 500
Accounts receivable:    
Joint interest and other 49,476 41,309
Oil and natural gas sales 70,349 36,004
Related party 297 1,591
Inventories 1,983 1,728
Derivative instruments 0 4,623
Prepaid expenses and other 2,987 2,875
Total current assets 1,792,166 108,745
Property and equipment:    
Oil and natural gas properties, full cost method of accounting ($1,730,519 and $1,106,816 excluded from amortization at December 31, 2016 and December 31, 2015, respectively) 5,160,261 3,955,373
Pipeline and gas gathering assets 8,362 7,174
Other property and equipment 58,290 48,621
Accumulated depletion, depreciation, amortization and impairment (1,836,056) (1,413,543)
Net property and equipment 3,390,857 2,597,625
Funds held in escrow 121,391 0
Derivative instruments 709 0
Other assets 44,557 44,349
Total assets 5,349,680 2,750,719
Current liabilities:    
Accounts payable-trade 47,648 20,008
Accounts payable-related party 1 217
Accrued capital expenditures 60,350 59,937
Other accrued liabilities 55,330 44,293
Revenues and royalties payable 23,405 16,966
Derivative instruments 22,608 0
Total current liabilities 209,342 141,421
Long-term debt 1,105,912 487,807
Asset retirement obligations 16,134 12,518
Total liabilities 1,331,388 641,746
Commitments and contingencies  
Stockholders’ equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 90,143,934 issued and outstanding at December 31, 2016; 66,797,041 issued and outstanding at December 31, 2015 901 668
Additional paid-in capital 4,215,955 2,229,664
Accumulated deficit (519,394) (354,360)
Total Diamondback Energy, Inc. stockholders’ equity 3,697,462 1,875,972
Non-controlling interest 320,830 233,001
Total equity 4,018,292 2,108,973
Total liabilities and equity $ 5,349,680 $ 2,750,719