BLACK ELK ENERGY OFFSHORE OPERATIONS, LLC Financial Statements (2026 and earlier)
Company Profile
| Business Address |
11451 KATY FREEWAY HOUSTON, TX 77079 |
| State of Incorp. | TX |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2014 MRQ | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 6,227 | 1,383 | |||
| Cash and cash equivalent | 6,227 | 1,383 | |||
| Receivables | 61,747 | 49,653 | |||
| Derivative instruments and hedges, assets | 1,370 | 2,408 | |||
| Prepaid expense and other current assets | ✕ | ✕ | 28,381 | ||
| Other undisclosed current assets | 30,133 | 347 | |||
| Total current assets: | 99,477 | 82,172 | |||
| Noncurrent Assets | |||||
| Property, plant and equipment | (5,350) | (1,717) | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 196,136 | 260,012 | |||
| Other noncurrent assets | 7,830 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | 3,729 | ||
| Other undisclosed noncurrent assets | 66,523 | (15,712) | |||
| Total noncurrent assets: | 265,139 | 246,312 | |||
| Other undisclosed assets | 200,998 | 261,980 | |||
| TOTAL ASSETS: | 565,614 | 590,464 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 155,880 | 108,736 | |||
| Accrued liabilities | 19,014 | 42,194 | |||
| Other undisclosed accounts payable and accrued liabilities | 136,866 | 66,542 | |||
| Debt | 257 | 3,552 | |||
| Asset retirement obligation | 43,109 | 41,572 | |||
| Other undisclosed current liabilities | 9,828 | ||||
| Total current liabilities: | 209,074 | 153,860 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 183,929 | 201,118 | |||
| Long-term debt, excluding current maturities | 183,929 | 201,118 | |||
| Liabilities, other than long-term debt | 233,654 | 309,024 | |||
| Asset retirement obligations | 233,623 | 303,933 | |||
| Derivative instruments and hedges, liabilities | 31 | 5,091 | |||
| Other undisclosed noncurrent liabilities | 1,888 | 14,929 | |||
| Total noncurrent liabilities: | 419,471 | 525,071 | |||
| Total liabilities: | 628,545 | 678,931 | |||
| Equity | |||||
| Other undisclosed equity | (62,931) | (88,467) | |||
| Total equity: | (62,931) | (88,467) | |||
| TOTAL LIABILITIES AND EQUITY: | 565,614 | 590,464 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2014 TTM | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Revenues | 258,008 | 304,478 | ||
| Revenue, net | 234,251 | 261,190 | ||
| Cost of revenue (Cost of Product and Service Sold) | (185,434) | (198,677) | ||
| Gross profit: | 72,574 | 105,801 | ||
| Operating expenses | (253,475) | (339,296) | ||
| Other undisclosed operating income | 185,434 | 198,677 | ||
| Operating income (loss): | 4,533 | (34,818) | ||
| Nonoperating expense | (37,450) | (29,150) | ||
| Investment income, nonoperating | (5,696) | 23,683 | ||
| Other nonoperating expense | (10,771) | (3,504) | ||
| Interest and debt expense | (26,789) | (25,965) | ||
| Loss from continuing operations: | (59,706) | (89,933) | ||
| Loss before gain (loss) on sale of properties: | (59,706) | (89,933) | ||
| Net loss: | (59,706) | (89,933) | ||
| Other undisclosed net income attributable to parent | 26,789 | 25,965 | ||
| Net loss attributable to parent: | (32,917) | (63,968) | ||
| Preferred stock dividends and other adjustments | (17,336) | (8,208) | ||
| Net loss available to common stockholders, diluted: | (50,253) | (72,176) | ||
Comprehensive Income ($ in thousands)
| 9/30/2014 TTM | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Net loss: | (59,706) | (89,933) | ||
| Comprehensive loss, net of tax, attributable to parent: | (59,706) | (89,933) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.