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 thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,97442,13520,53286,51067,72899,295
Cash and cash equivalents8,97442,13520,53286,51067,72899,295
Restricted cash and investments8,7848,84710,5357,4047,8538,850
Receivables158,902158,126189,039198,795267,636217,595
Inventory, net of allowances, customer advances and progress billings26,52322,27526,91929,84461,28142,382
Inventory26,52322,27526,91929,84461,28142,382
Prepaid expense2,6083,0283,1182,0582,0071,705
Derivative instruments and hedges, assets 157 2,0361,5011,145
Total current assets:205,791234,568250,143326,647408,006370,972
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization25,66322,496 13,14912,01211,382
Operating lease, right-of-use asset6,7837,4147,7207,9066,4376,699
Property, plant and equipment   106,425   
Intangible assets, net (including goodwill)15,51015,72216,17316,1342,9383,126
Goodwill6,6736,4286,4285,755  
Intangible assets, net (excluding goodwill)8,8379,2949,74510,3792,9383,126
Other noncurrent assets3,5643,5953,6983,4452,7142,777
Other undisclosed noncurrent assets86,17187,768 94,84272,51675,161
Total noncurrent assets:137,691136,995134,016135,47696,61799,145
TOTAL ASSETS:343,482371,563384,159462,123504,623470,117
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  191,704204,391217,123289,381259,451
Accounts payable  191,704204,391217,123289,381259,451
Debt8,9447,7214,3824,2634,3083,293
Derivative instruments and hedges, liabilities 30 3301298481,102
Due to related parties3120 47
Other liabilities14,01116,62719,21420,97214,20710,828
Other undisclosed current liabilities165,5892,8212,7122,7242,2282,258
Total current liabilities:188,574218,873231,060245,231310,972276,979
Noncurrent Liabilities
Long-term debt and lease obligation41,31839,92736,46030,11312,81413,348
Long-term debt, excluding current maturities20,62521,25024,37515,000  
Finance lease, liability20,69318,67712,0859,9348,6098,903
Liabilities, other than long-term debt6,6367,0297,4662,4742,4062,391
Asset retirement obligations2,6502,4342,4592,4742,4062,391
Operating lease, liability3,9864,5955,0075,1794,2054,445
Other undisclosed noncurrent liabilities15,23314,57915,99615,05410,97911,878
Total noncurrent liabilities:63,18761,53559,92247,64126,19927,617
Total liabilities:251,761280,408290,982292,872337,171304,596
Equity
Equity, attributable to parent91,72191,15593,177169,251167,452165,521
Common stock252252248438436435
Additional paid in capital20,94320,57119,96518,21817,54117,020
Retained earnings70,52670,33272,964150,595149,475148,066
Total equity:91,72191,15593,177169,251167,452165,521
TOTAL LIABILITIES AND EQUITY:343,482371,563384,159462,123504,623470,117

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues624,766650,162747,721852,901992,050774,245
Cost of revenue(618,881)(645,829)(749,336)(843,972)(983,618)(761,368)
Gross profit:5,8854,333(1,615)8,9298,43212,877
Operating expenses(4,105)(6,963)(6,715)(5,936)(5,472)(4,729)
Operating income (loss):1,780(2,630)(8,330)2,9932,9608,148
Nonoperating income (expense)(232)(492)(662)219167(90)
Interest and debt expense(802)(696)(918)(119)(136)(114)
Income (loss) from continuing operations before equity method investments, income taxes:746(3,818)(9,910)3,0932,9917,944
Other undisclosed income from continuing operations before income taxes802696918119136114
Income (loss) from continuing operations before income taxes:1,548(3,122)(8,992)3,2123,1278,058
Income tax expense (benefit)(721)1,1231,723(1,022)(651)(1,968)
Income (loss) from continuing operations:827(1,999)(7,269)2,1902,4766,090
Income before gain (loss) on sale of properties:2,1902,4766,090
Net income (loss) available to common stockholders, diluted:827(1,999)(7,269)2,1902,4766,090

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):827(1,999)(7,269)2,1902,4766,090
Comprehensive income (loss), net of tax, attributable to parent:827(1,999)(7,269)2,1902,4766,090

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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