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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 508,446 $ 112,446
Accounts receivable:    
Joint interest and other 81,955 73,038
Oil and natural gas sales 182,362 158,575
Inventories 14,815 9,108
Derivative instruments 0 531
Prepaid expenses and other 8,111 4,903
Total current assets 795,689 358,601
Property and equipment:    
Oil and natural gas properties, full cost method of accounting ($4,283,629 and $4,105,865 excluded from amortization at September 30, 2018 and December 31, 2017, respectively) 10,818,378 9,232,694
Midstream assets 355,758 191,519
Other property, equipment and land 85,882 80,776
Accumulated depletion, depreciation, amortization and impairment (2,545,412) (2,161,372)
Net property and equipment 8,714,606 7,343,617
Funds held in escrow 62,034 6,304
Deferred tax asset 95,551 0
Investment in real estate, net 106,834 0
Other assets 31,859 62,463
Total assets 9,806,573 7,770,985
Current liabilities:    
Accounts payable-trade 85,869 94,590
Accrued capital expenditures 292,700 221,256
Other accrued liabilities 143,792 92,512
Revenues and royalties payable 75,600 68,703
Derivative instruments 123,826 100,367
Total current liabilities 721,787 577,428
Long-term debt 2,332,359 1,477,347
Derivative instruments 5,931 6,303
Asset retirement obligations 23,897 20,122
Deferred income taxes 292,795 108,048
Other long-term liabilities 7 0
Total liabilities 3,376,776 2,189,248
Commitments and contingencies  
Stockholders’ equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 98,673,563 issued and outstanding at September 30, 2018; 98,167,289 issued and outstanding at December 31, 2017 987 982
Additional paid-in capital 5,464,542 5,291,011
Retained earnings (accumulated deficit) 467,830 (37,133)
Total Diamondback Energy, Inc. stockholders’ equity 5,933,359 5,254,860
Non-controlling interest 496,438 326,877
Total equity 6,429,797 5,581,737
Total liabilities and equity $ 9,806,573 $ 7,770,985