Carbon Energy Corporation (CRBO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1700 BROADWAY, SUITE 1170 DENVER, CO 80290 |
| 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)
| 6/30/2020 MRQ | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 904 | 5,736 | 1,650 | 858 | 305 | 1,132 | |||
| Cash and cash equivalents | 904 | 5,736 | 1,650 | 858 | 305 | 1,132 | |||
| Receivables | 14,438 | 1,770 | 2,075 | 2,369 | 1,082 | 2,287 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,512 | 900 | |||||||
| Inventory | 2,512 | 900 | |||||||
| Derivative instruments and hedges, assets | 5,915 | 1,339 | 215 | 408 | 1,322 | ||||
| Other undisclosed current assets | 2,500 | 24,265 | 4,140 | 2,556 | 991 | 1,179 | |||
| Total current assets: | 26,269 | 34,010 | 8,080 | 5,783 | 2,786 | 5,920 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 6,104 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 263,000 | 271,434 | 36,862 | 35,536 | 28,464 | 33,791 | |||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 33,487 | ||||||||
| Long-term investments and receivables | 625 | 598 | 14,267 | 668 | 1,025 | 1,009 | |||
| Long-term investments | 625 | 598 | 14,267 | 668 | 1,025 | 1,009 | |||
| Derivative instruments and hedges | 1,164 | 3,505 | |||||||
| Other noncurrent assets | 1,092 | 1,344 | 800 | 725 | 433 | 911 | |||
| Other undisclosed noncurrent assets | (33,487) | ||||||||
| Total noncurrent assets: | 271,985 | 276,881 | 51,929 | 36,929 | 29,922 | 35,711 | |||
| TOTAL ASSETS: | 298,254 | 310,891 | 60,009 | 42,712 | 32,708 | 41,631 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 35,157 | 34,816 | 11,218 | 9,121 | 5,621 | 7,792 | |||
| Taxes payable | 377 | ||||||||
| Accounts payable | 14,887 | 10,345 | 5,050 | 3,730 | 1,798 | 2,038 | |||
| Accrued liabilities | 494 | 5,441 | 247 | 184 | 132 | 210 | |||
| Other undisclosed accounts payable and accrued liabilities | 19,776 | 19,030 | 5,921 | 5,207 | 3,691 | 5,167 | |||
| Debt | 1,625 | ||||||||
| Derivative instruments and hedges, liabilities | 469 | 1,341 | |||||||
| Asset retirement obligation | 5,021 | 152 | |||||||
| Other undisclosed current liabilities | 6,446 | 6,129 | 127 | 561 | 436 | 335 | |||
| Total current liabilities: | 48,718 | 40,945 | 11,345 | 11,023 | 6,057 | 8,279 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,383 | 109,138 | 22,140 | 16,230 | 3,500 | 2,100 | |||
| Long-term debt, excluding current maturities | 109,138 | 22,140 | 16,230 | 3,500 | 2,100 | ||||
| Liabilities, other than long-term debt | 62,342 | 69,130 | 7,357 | 5,597 | 3,095 | 2,968 | |||
| Asset retirement obligations | 17,514 | 19,211 | 7,357 | 5,006 | 3,095 | 2,968 | |||
| Due to related parties | 44,741 | 49,919 | |||||||
| Operating lease, liability | 4,383 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Derivative instruments and hedges, liabilities | 87 | 591 | |||||||
| Other undisclosed noncurrent liabilities | 106,590 | 15,643 | 2,671 | 889 | 416 | 852 | |||
| Total noncurrent liabilities: | 173,315 | 193,911 | 32,168 | 22,716 | 7,011 | 5,920 | |||
| Total liabilities: | 222,033 | 234,856 | 43,513 | 33,739 | 13,068 | 14,199 | |||
| Equity | |||||||||
| Equity, attributable to parent | 50,071 | 47,751 | 14,655 | 7,108 | 17,341 | 24,397 | |||
| Preferred stock | 1 | 1 | |||||||
| Common stock | 78 | 77 | 60 | 1,096 | 1,077 | 1,069 | |||
| Additional paid in capital | 85,834 | 84,612 | 58,813 | 56,548 | 54,394 | 53,160 | |||
| Accumulated deficit | (35,842) | (36,939) | (44,218) | (50,536) | (38,130) | (29,832) | |||
| Equity, attributable to noncontrolling interest | 26,150 | 28,284 | 1,841 | 1,865 | 2,299 | 3,035 | |||
| Total equity: | 76,221 | 76,035 | 16,496 | 8,973 | 19,640 | 27,432 | |||
| TOTAL LIABILITIES AND EQUITY: | 298,254 | 310,891 | 60,009 | 42,712 | 32,708 | 41,631 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 116,625 | 53,051 | 22,473 | 8,195 | 11,678 | 24,076 | ||
| Revenue, net | ✕ | ✕ | ✕ | 22,473 | 8,195 | 11,678 | 24,076 | |
| Cost of revenue | (71,144) | (23,357) | (11,548) | (7,350) | (7,863) | (9,597) | ||
| Cost of goods and services sold | (6,086) | (4,453) | (8,313) | (4,820) | (4,620) | (5,141) | ||
| Gross profit: | 45,481 | 29,694 | 10,925 | 845 | 3,815 | 14,479 | ||
| Operating expenses | (33,724) | (19,076) | (7,717) | (13,363) | (12,534) | (6,404) | ||
| Operating income (loss): | 11,757 | 10,618 | 3,208 | (12,518) | (8,719) | 8,075 | ||
| Nonoperating income (expense) | (12,758) | 2,161 | 3,117 | (301) | (215) | (463) | ||
| Investment income, nonoperating | 49 | |||||||
| Interest and debt expense | (846) | (786) | (176) | (367) | (201) | (471) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 12,846 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,847) | 11,993 | 6,149 | (340) | (9,135) | 7,141 | ||
| Income (loss) from equity method investments | (17) | 8 | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 846 | 786 | 176 | (12,462) | 201 | 463 | ||
| Income (loss) from continuing operations before income taxes: | (1,001) | 12,779 | 6,325 | (12,819) | (8,934) | 7,612 | ||
| Income tax expense (benefit) | 74 | 4,472 | 3,733 | (377) | ||||
| Income (loss) from continuing operations: | (1,001) | 12,779 | 6,399 | (8,347) | (5,201) | 7,235 | ||
| Income (loss) before gain (loss) on sale of properties: | (1,001) | 12,779 | 6,399 | (8,347) | (5,201) | 7,235 | ||
| Other undisclosed net loss | (4,472) | (3,733) | ||||||
| Net income (loss): | (1,001) | 12,779 | 6,399 | (12,819) | (8,934) | 7,235 | ||
| Net income (loss) attributable to noncontrolling interest | (2,098) | (4,375) | 81 | 413 | 636 | (294) | ||
| Other undisclosed net income (loss) attributable to parent | 4,196 | (1,349) | (162) | |||||
| Net income (loss) attributable to parent: | 1,097 | 7,055 | 6,318 | (12,406) | (8,298) | 6,941 | ||
| Preferred stock dividends and other adjustments | (300) | |||||||
| Net income (loss) available to common stockholders, diluted: | 797 | 7,055 | 6,318 | (12,406) | (8,298) | 6,941 | ||
Comprehensive Income ($ in thousands)
| 6/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,001) | 12,779 | 6,399 | (12,819) | (8,934) | 7,235 | ||
| Comprehensive income (loss): | (1,001) | 12,779 | 6,399 | (12,819) | (8,934) | 7,235 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (2,098) | (4,375) | 81 | 413 | 636 | (294) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (3,099) | 8,404 | 6,480 | (12,406) | (8,298) | 6,941 | ||
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.