Plains Exploration & Production Co. (PXP) Balance Sheet

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Cash and cash equivalents	54.27M
Accounts receivable	563.31M
Inventories	33.83M
Deferred income taxes	227.05M
Prepaid expenses and other current assets	45.06M
Total Current Assets	1.76B
Subject to amortization	19.24B
Not subject to amortization	3.7B
Other property and equipment	164.89M
Total Property and Equipment, Gross	23.1B
Less allowance for depreciation, depletion, amortization and impairment	-8.39B
Total Property and Equipment, Net	14.71B
Goodwill	535.14M
Investment	833.77M
Other Assets	185.79M
Total Assets	17.19B
Accounts payable	421.41M
Commodity derivative contracts	62.57M
Royalties and revenues payable	165.52M
Interest payable	142.29M
Other current liabilities	113.38M
Total Current Liabilities	1.07B
Long-Term Debt	9.56B
Asset retirement obligation	579.09M
Commodity derivative contracts	118.43M
Other	17.84M
Total Other Long-Term Liabilities
Deferred Income Taxes	1.86B
Commitments and Contingencies (Note 7)	0
Common stock, $0.01 par value, 250.0 million shares authorized, 143.9 million shares issued at June 30, 2011 and December 31, 2010	1.44M
Additional paid-in capital	3.41B
Retained earnings	658.77M
Treasury stock, at cost, 2.9 million shares and 3.8 million shares at June 30, 2011 and December 31, 2010, respectively	-533.92M
Total Stockholders' Equity	3.54B
Total Liabilities and Stockholders' Equity	17.19B

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