Part IV

Item 15.

Exhibits and Financial Statement Schedules

XTO ENERGY INC. Consolidated Balance Sheets

 
December 31
(in millions, except shares)
2007
2006
ASSETS
  
Current Assets:  
Cash and cash equivalents $ – $ 5
Accounts receivable, net 852 656
Derivative fair value 199 804
Current income tax receivable 118 66
Deferred income tax benefit 20 –
Other 98 54
Total Current Assets 1,287 1,585
Property and Equipment, at cost — successful efforts method:  
Proved properties 18,671 12,369
Unproved properties 1,050 414
Other 1,376 799
Total Property and Equipment 21,097 13,582
Accumulated depreciation, depletion and amortization (3,897) (2,758)
Net Property and Equipment 17,200 10,824
Other Assets:  
Derivative fair value – 56
Acquired gas gathering contracts, net of amortization 112 121
Goodwill 215 215
Other 108 84
Total Other Assets 435 476
TOTAL ASSETS $ 18,922 $ 12,885
LIABILITIES AND STOCKHOLDERS’ EQUITY
  
Current Liabilities:  
Accounts payable and accrued liabilities $ 1,264 $ 912
Payable to royalty trusts 30 23
Derivative fair value 239 37
Deferred income tax payable – 263
Other 4 5
Total Current Liabilities 1,537 1,240
Long-term Debt 6,320 3,451
Other Long-term Liabilities:  
Derivative fair value 4 1
Deferred income taxes payable 2,610 1,978
Asset retirement obligation 450 303
Other 60 47
Total Other Long-term Liabilities 3,124 2,329
Commitments and Contingencies (Note 6)  
Stockholders’ Equity:  
Common stock ($0.01 par value, 1,000,000,000 shares authorized,
490,434,003 and 464,342,418 shares issued)		 5 5
Additional paid-in capital 3,172 2,057
Treasury stock, at cost (5,140,230 and 4,899,840 shares) (134) (125)
Retained earnings 4,938 3,442
Accumulated other comprehensive income (loss) (40) 486
Total Stockholders’ Equity 7,941 5,865
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,922 $ 12,885

See accompanying notes to consolidated financial statements.