Abraxas Petroleum Corporation (AXAS) financial statements (2020 and earlier)

Company profile

Business Address 18803 MEISNER DRIVE
SAN ANTONIO, TX 78258
State of Incorp. NV
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7 11 16
Cash and cash equivalents7 11 16
Receivables23313040463326
Derivative instruments and hedges, assets410100 0
Assets held-for-sale, not part of disposal group8      
Other current assets1111111
Total current assets:44323251483432
Noncurrent Assets
Operating lease, right-of-use asset011
Property, plant and equipment386381379363332295259
Derivative instruments and hedges1043110 0
Other noncurrent assets0000000
Other undisclosed noncurrent assets1111111
Total noncurrent assets:397387383375334296261
TOTAL ASSETS:441419415426381331293
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities53606563736539
Accounts payable52586463726539
Accrued liabilities1100000
Interest and dividends payable00     
Debt0110000
Derivative instruments and hedges, liabilities68101232114
Other undisclosed current liabilities  11111
Total current liabilities:59687764978855
Noncurrent Liabilities
Long-term debt and lease obligation201186182183149115107
Long-term debt, excluding current maturities201186182183149115107
Operating lease, liability000
Liabilities, other than long-term debt   417114
Derivative instruments and hedges, liabilities   417114
Other undisclosed noncurrent liabilities911157899
Total noncurrent liabilities:210197197195174135120
Total liabilities:269265273259271223175
Stockholders' equity
Stockholders' equity attributable to parent172154142167110108118
Common stock2222222
Additional paid in capital420419419418417417416
Accumulated deficit(250)(267)(278)(253)(309)(311)(300)
Total stockholders' equity:172154142167110108118
TOTAL LIABILITIES AND EQUITY:441419415426381331293

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues32353536423141
Revenue, net41
Gain (loss) on disposition of assets for financial service operations126(29)49(14)(20) 
Cost of revenue(21)(23)(25)(23)(21)(17)(18)
Cost of goods and services sold      (5)
Gross profit:11121013211423
Operating expenses(3)(3)(3)(4)(3)(3)(3)
Operating income:8979181120
Nonoperating income (expense)93(32)47(16)(21)(9)
Investment income, nonoperating0 (29)  0(8)
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:1712(26)562(11)11
Other undisclosed income from continuing operations before income taxes0000000
Net income (loss) available to common stockholders, diluted:1712(25)562(11)11

Comprehensive Income ($ in millions)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net income (loss):1712(25)562(11)11
Comprehensive income (loss), net of tax, attributable to parent:1712(25)562(11)11

Statements sources

The financial statements are based on the company's filings with the 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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