Isramco, Inc. Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2425 WEST LOOP SOUTH HOUSTON, TX 77027 |
| State of Incorp. | DE |
| 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)
| 6/30/2019 MRQ | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 13,857 | 30,009 | 26,090 | 22,078 | 2,027 | 4,149 | |||
| Cash and cash equivalents | 13,857 | 30,009 | 26,090 | 22,078 | 2,027 | 4,149 | |||
| Restricted cash and investments | 830 | 802 | 701 | 185 | 61 | ||||
| Receivables | 18,920 | 12,549 | 9,902 | 12,460 | 17,266 | 14,755 | |||
| Inventory, net of allowances, customer advances and progress billings | 563 | 475 | 697 | 871 | 829 | 428 | |||
| Inventory | 563 | 475 | 697 | 871 | 829 | 428 | |||
| Derivative instruments and hedges, assets | 293 | ||||||||
| Deferred tax assets | 2,701 | 6,539 | |||||||
| Other undisclosed current assets | 2,956 | 2,711 | 2,295 | 2,679 | 2,517 | 2,472 | |||
| Total current assets: | 37,419 | 46,546 | 39,685 | 38,273 | 25,401 | 28,343 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 54,242 | 52,129 | 55,500 | 65,591 | 115,933 | 120,418 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 245,022 | ||||||||
| Derivative instruments and hedges | 388 | ||||||||
| Deposits noncurrent assets | 489 | 330 | |||||||
| Restricted cash and investments | 19,304 | 9,674 | 7,122 | 7,080 | |||||
| Other noncurrent assets | 187 | 53,935 | 36,836 | ||||||
| Deferred tax assets, net | 16,880 | 9,152 | |||||||
| Other undisclosed noncurrent assets | 261 | 261 | 38,965 | 36,013 | (298,796) | (37,166) | |||
| Total noncurrent assets: | 74,195 | 62,251 | 101,587 | 108,684 | 133,463 | 129,570 | |||
| TOTAL ASSETS: | 111,614 | 108,797 | 141,272 | 146,957 | 158,864 | 157,913 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 20,293 | 13,906 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 20,293 | 13,906 | |||||||
| Debt | 3,600 | 336 | 336 | 1,422 | 2,568 | 1,392 | |||
| Due to related parties | 26,471 | 15,275 | |||||||
| Other undisclosed current liabilities | 37,008 | 33,240 | 22,631 | 23,836 | (1,262) | ||||
| Total current liabilities: | 40,608 | 33,576 | 22,967 | 25,258 | 48,070 | 30,573 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 96,035 | ||||||||
| Long-term debt, excluding current maturities | 96,035 | ||||||||
| Liabilities, other than long-term debt, including: | 118,973 | 132,615 | 139,256 | 149,825 | 140,744 | 18,814 | |||
| Asset retirement obligations | 22,172 | 21,670 | 20,748 | 19,884 | 20,046 | 18,814 | |||
| Due to related parties | 72,628 | 96,035 | |||||||
| Derivative instruments and hedges, liabilities | 100 | 431 | |||||||
| Other undisclosed liabilities, other than long-term debt | 96,801 | 110,945 | 118,408 | 129,510 | 48,070 | (96,035) | |||
| Other undisclosed noncurrent liabilities | (40,608) | (33,576) | (22,967) | (25,258) | (48,070) | ||||
| Total noncurrent liabilities: | 78,365 | 99,039 | 116,289 | 124,567 | 92,674 | 114,849 | |||
| Total liabilities: | 118,973 | 132,615 | 139,256 | 149,825 | 140,744 | 145,422 | |||
| Equity | |||||||||
| Equity, attributable to parent | 680 | (17,254) | 7,056 | 311 | 17,621 | 11,874 | |||
| Common stock | 27 | 27 | 27 | 27 | 27 | 27 | |||
| Treasury stock, value | (164) | (164) | (164) | (164) | (164) | (164) | |||
| Additional paid in capital | 23,853 | 23,853 | 23,853 | 23,853 | 23,853 | 23,268 | |||
| Accumulated deficit | (23,036) | (40,970) | (16,660) | (23,405) | (6,095) | (11,257) | |||
| Equity, attributable to noncontrolling interest | (8,039) | (6,564) | (5,040) | (3,179) | 499 | 617 | |||
| Total equity: | (7,359) | (23,818) | 2,016 | (2,868) | 18,120 | 12,491 | |||
| TOTAL LIABILITIES AND EQUITY: | 111,614 | 108,797 | 141,272 | 146,957 | 158,864 | 157,913 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 81,339 | 65,947 | 54,942 | 74,509 | 93,898 | 68,692 | ||
| Revenue, net | ✕ | ✕ | 66,853 | 51,758 | ||||
| Cost of revenue (Cost of Goods and Services Sold) | (9,381) | (9,478) | (8,925) | (14,828) | (19,066) | (19,974) | ||
| Gross profit: | 71,958 | 56,469 | 46,017 | 59,681 | 74,832 | 48,718 | ||
| Operating expenses | (53,426) | (41,321) | (40,875) | (97,365) | (79,525) | (72,021) | ||
| Other undisclosed operating income | 9,381 | 9,478 | 8,925 | 14,828 | 19,066 | 19,974 | ||
| Operating income (loss): | 27,913 | 24,626 | 14,067 | (22,856) | 14,373 | (3,329) | ||
| Nonoperating expense | (4,299) | (4,815) | (5,544) | (7,383) | (6,385) | (6,611) | ||
| Interest and debt expense | (4,992) | (4,784) | (4,817) | (5,310) | (6,773) | (6,528) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 4,992 | 4,784 | 4,817 | 5,310 | 6,773 | 6,528 | ||
| Income (loss) from continuing operations before income taxes: | 23,614 | 19,811 | 8,523 | (30,239) | 7,988 | (9,940) | ||
| Income tax expense (benefit) | (7,138) | (45,637) | (3,634) | 9,251 | (2,859) | 3,616 | ||
| Income (loss) from continuing operations: | 16,476 | (25,826) | 4,889 | (20,988) | 5,129 | (6,324) | ||
| Income (loss) before gain (loss) on sale of properties: | 16,476 | (25,826) | 4,889 | (20,988) | 5,129 | (6,324) | ||
| Net income (loss): | 16,476 | (25,826) | 4,889 | (20,988) | 5,129 | (6,324) | ||
| Net income (loss) attributable to noncontrolling interest | 1,458 | 1,516 | 1,856 | 3,678 | 33 | (386) | ||
| Net income (loss) available to common stockholders, diluted: | 17,934 | (24,310) | 6,745 | (17,310) | 5,162 | (6,710) | ||
Comprehensive Income ($ in thousands)
| 6/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 16,476 | (25,826) | 4,889 | (20,988) | 5,129 | (6,324) | ||
| Comprehensive income (loss): | 16,476 | (25,826) | 4,889 | (20,988) | 5,129 | (6,324) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 1,458 | 1,516 | 1,856 | 3,678 | 33 | 386 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (772) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 17,934 | (24,310) | 6,745 | (17,310) | 5,162 | (6,710) | ||
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.