Berry Corporation (bry) (BRY) Financial Statements (2024 and earlier)

Company Profile

Business Address 16000 N. DALLAS PARKWAY, SUITE 500
DALLAS, TX 75248
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)

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 investments8,56614,11746,25041,47352,49517,960
Cash and cash equivalents8,56614,11746,25041,47352,49517,960
Receivables84,55683,113101,71393,635117,281111,961
Inventory, net of allowances, customer advances and progress billings3,8844,7514,0362,6232,7022,756
Inventory3,8844,7514,0362,6232,7022,756
Prepaid expense7,08111,49512,33020,36219,82219,702
Derivative instruments and hedges, assets 8,71849736,36710,052  
Deposits current assets7,3237,3237,2663,4593,7733,720
Other current assets1,0081,5031,1172262251,084
Other undisclosed current assets13,2959,8138,97610,0688,6009,305
Total current assets:134,431132,612218,055181,898204,898166,488
Noncurrent Assets
Property, plant and equipment94,93996,54999,83896,41998,309109,639
Oil and gas property, successful effort method1,240,6331,250,3331,259,9751,223,5611,215,6181,213,389
Derivative instruments and hedges 5,4325,8587611,588  
Deferred income tax assets35,92045,37142,844  171
Other noncurrent assets10,3489,51810,24210,88611,5605,040
Total noncurrent assets:1,387,2721,407,6291,412,9751,342,4541,325,4871,328,239
TOTAL ASSETS:1,521,7031,540,2411,631,0301,524,3521,530,3851,494,727
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:137,745141,063203,101156,844160,683154,084
Interest and dividends payable3,81110,6823,713
Taxes payable11,3038,46911,095
Accounts payable31,14631,75640,28621,14519,42624,283
Accrued liabilities46,32754,13285,36070,03868,81963,029
Other undisclosed accounts payable and accrued liabilities60,27255,17577,45550,54753,28751,964
Derivative instruments and hedges, liabilities10,38220,47631,10620,954101,06392,472
Total current liabilities:148,127161,539234,207177,798261,746246,556
Noncurrent Liabilities
Long-term debt and lease obligation421,347437,036395,735395,432395,135394,846
Long-term debt, excluding current maturities421,347437,036395,735395,432395,135394,846
Liabilities, other than long-term debt191,654188,730200,603181,873232,735222,899
Asset retirement obligations153,856156,411158,491137,751139,956142,999
Deferred income tax liabilities    8,0421,322 
Other liabilities36,72429,76428,47031,83531,85323,692
Derivative instruments and hedges, liabilities1,0742,55513,6424,24559,60456,208
Total noncurrent liabilities:613,001625,766596,338577,305627,870617,745
Total liabilities:761,128787,305830,545755,103889,616864,301
Equity
Equity, attributable to parent760,575752,936800,485769,249640,769630,426
Common stock888886868686
Treasury stock, value(113,768)(103,739)(103,739)(94,136)(75,196)(52,436)
Additional paid in capital823,330822,172821,443852,568896,808907,059
Retained earnings (accumulated deficit)50,92534,41582,69510,731(180,929)(224,283)
Total equity:760,575752,936800,485769,249640,769630,426
TOTAL LIABILITIES AND EQUITY:1,521,7031,540,2411,631,0301,524,3521,530,3851,494,727

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
Revenues208,491216,470243,555262,167293,788255,940
Gain (loss) on disposition of assets for financial service operations20,87138,499(48,872)114,279(40,658)(161,858)
Cost of revenue(160,612)(224,160)(140,198)(142,623)(176,677)(123,314)
Gross profit:47,879(7,690)103,357119,544117,111132,626
Operating expenses(23,460)(31,669)(26,926)(23,388)(23,183)(23,241)
Other operating income (expense), net1,0332861,023(623)(353)(3,769)
Noninterest income, other operating income 1,0001,000    
Other nonrecurring (income) expense      (2,000)
Operating income (loss):25,452(39,073)77,45495,53393,575105,616
Nonoperating expense(8,904)(7,912)(7,709)(7,891)(7,771)(7,688)
Interest and debt expense(8,794)(7,837)(7,646)(7,867)(7,729)(7,675)
Income (loss) from continuing operations before equity method investments, income taxes:7,754(54,822)62,09979,77578,07590,253
Other undisclosed income (loss) from continuing operations before income taxes28,63246,050(42,249)122,769(32,576)(150,414)
Income (loss) from continuing operations before income taxes:36,386(8,772)19,850202,54445,499(60,161)
Income tax expense (benefit)(10,616)2,91352,114(10,884)(2,145)3,351
Income (loss) from continuing operations:25,770(5,859)71,964191,66043,354(56,810)
Income (loss) before gain (loss) on sale of properties:191,66043,354(56,810)
Net income (loss) available to common stockholders, diluted:25,770(5,859)71,964191,66043,354(56,810)

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):25,770(5,859)71,964191,66043,354(56,810)
Comprehensive income (loss), net of tax, attributable to parent:25,770(5,859)71,964191,66043,354(56,810)

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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