Adams Resources & Energy Inc. (AE) Financial Statements (2024 and earlier)

Company Profile

Business Address 17 S. BRIAR HOLLOW LN.
HOUSTON, TX 77027
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5172 - Petroleum and Petroleum Products Wholesalers, Except Bulk Stations and Terminals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments219839113117109
Cash and cash equivalents219839113117109
Restricted cash and investments119139  
Receivables1891441139788123
Inventory, net of allowances, customer advances and progress billings27919261512
Inventory27919261512
Prepaid expense 323221
Derivative instruments and hedges, assets  00 00
Other undisclosed current assets 10  8 
Total current assets:250273188247230246
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    
Operating lease, right-of-use asset87810
Property, plant and equipment 1068894694529
Long-term investments and receivables      0
Long-term investments      0
Intangible assets, net (including goodwill)16342  
Goodwill6     
Intangible assets, net (excluding goodwill)10342  
Other noncurrent assets432   
Other undisclosed noncurrent assets   357
Total noncurrent assets:134101109844937
TOTAL ASSETS:384375296331279283
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 20416886148116125
Accounts payable 20416886148116125
Debt444410
Derivative instruments and hedges, liabilities 000 00
Other liabilities191222   
Due to related parties0  000
Other undisclosed current liabilities322764
Total current liabilities:231186115160123130
Noncurrent Liabilities
Long-term debt and lease obligation3615181231
Long-term debt, excluding current maturities24     
Capital lease obligations31
Finance lease, liability1210124
Liabilities, other than long-term debt722821
Asset retirement obligations222221
Deferred income tax liabilities    6
Operating lease, liability5567
Other undisclosed noncurrent liabilities161113043
Total noncurrent liabilities:6028332096
Total liabilities:291214147179132136
Equity
Equity, attributable to parent93160149152147147
Common stock000000
Additional paid in capital201713131212
Retained earnings73143135138134135
Total equity:93160149152147147
TOTAL LIABILITIES AND EQUITY:384375296331279283

Income Statement (P&L) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,3672,0251,0221,8111,7501,322
Cost of revenue(3,340)(1,990)(1,017)(1,793)(1,741)(1,309)
Cost of goods and services sold   (24) (5)(1,297)
Gross profit:2735518913
Operating expenses(22)(19)(11)(10)(8)(12)
Operating income (loss):616(6)812
Nonoperating income (expense)(0)(1)032(5)
Investment income, nonoperating10132(2)
Interest and debt expense(1)(1)(0)(1)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes   0100
Income (loss) from continuing operations before equity method investments, income taxes:415(6)113(3)
Other undisclosed income from continuing operations before income taxes11    
Income (loss) from continuing operations before income taxes:516(6)113(3)
Income tax expense (benefit)(2)(4)7(2)(1)3
Income (loss) from continuing operations:312183(0)
Income (loss) before gain (loss) on sale of properties:12183(0)
Net income (loss) available to common stockholders, diluted:312183(0)

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):312183(0)
Comprehensive income (loss), net of tax, attributable to parent:312183(0)

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.

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