Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 123	$ 215
Restricted cash	5	0
Accounts receivable:
Joint interest and other, net	186	96
Oil and natural gas sales	429	296
Inventories	37	37
Derivative instruments	46	231
Prepaid expenses and other	43	50
Total current assets	869	925
Property and equipment:
Oil and natural gas properties, full cost method of accounting ($9,207 million and $9,670 million excluded from amortization at December 31, 2019 and 2018, respectively)	25,782	22,299
Midstream assets	931	700
Other property, equipment and land	125	147
Accumulated depletion, depreciation, amortization and impairment	(5,003)	(2,774)
Net property and equipment	21,835	20,372
Equity method investments	479	1
Derivative instruments	7	0
Deferred tax asset	142	97
Investment in real estate, net	109	116
Other assets	90	85
Total assets	23,531	21,596
Current liabilities:
Accounts payable-trade	179	128
Accrued capital expenditures	475	495
Other accrued liabilities	304	253
Revenues and royalties payable	278	143
Derivative instruments	27	0
Total current liabilities	1,263	1,019
Long-term debt	5,371	4,464
Derivative instruments	0	15
Asset retirement obligations	94	136
Deferred income taxes	1,886	1,785
Other long-term liabilities	11	10
Total liabilities	8,625	7,429
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.01 par value, 200,000,000 shares authorized, 159,002,338 issued and outstanding at December 31, 2019; 200,000,000 shares authorized, 164,273,447 issued and outstanding at December 31, 2018	2	2
Additional paid-in capital	12,357	12,936
Retained earnings	890	762
Total Diamondback Energy, Inc. stockholders’ equity	13,249	13,700
Non-controlling interest	1,657	467
Total equity	14,906	14,167
Total liabilities and equity	$ 23,531	$ 21,596