Far East Energy Corp (FEEC) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
363 NORTH SAM HOUSTON PKWY HOUSTON, TX 77060 |
| State of Incorp. | NV |
| 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)
| 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Cash, cash equivalents, and short-term investments | 17,571 | 1,340 | ||
| Cash and cash equivalents | 17,571 | 1,340 | ||
| Receivables | 161 | 163 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,261 | 423 | ||
| Inventory | 1,261 | 423 | ||
| Deposits current assets | 142 | 677 | ||
| Prepaid expense and other current assets | 512 | 385 | ||
| Total current assets: | 19,647 | 2,988 | ||
| Noncurrent Assets | ||||
| Property, plant and equipment | 102,634 | 71,065 | ||
| Oil and gas property, successful effort method | 101,334 | 69,929 | ||
| Deferred costs | 2,227 | 371 | ||
| Prepaid expense and other noncurrent assets | 604 | 658 | ||
| Other undisclosed noncurrent assets | (101,334) | (69,929) | ||
| Total noncurrent assets: | 105,465 | 72,094 | ||
| TOTAL ASSETS: | 125,112 | 75,082 | ||
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts payable and accrued liabilities | 40,171 | 22,385 | ||
| Accounts payable | 15,842 | 14,814 | ||
| Accrued liabilities | 24,329 | 7,571 | ||
| Debt | 87,995 | 25,730 | ||
| Total current liabilities: | 128,166 | 48,115 | ||
| Noncurrent Liabilities | ||||
| Long-term debt and lease obligation | 68,638 | |||
| Long-term debt, excluding current maturities | 68,626 | |||
| Capital lease obligations | 12 | |||
| Liabilities, other than long-term debt | 1,302 | 840 | ||
| Asset retirement obligations | 1,302 | 840 | ||
| Other undisclosed noncurrent liabilities | (68,626) | |||
| Total noncurrent liabilities: | 1,314 | 840 | ||
| Total liabilities: | 129,480 | 48,955 | ||
| Stockholders' equity | ||||
| Stockholders' equity attributable to parent | (4,368) | 26,127 | ||
| Common stock | 346 | 345 | ||
| Additional paid in capital | 178,584 | 175,554 | ||
| Deferred compensation equity | (503) | (987) | ||
| Accumulated deficit | (182,795) | (148,785) | ||
| Total stockholders' equity: | (4,368) | 26,127 | ||
| TOTAL LIABILITIES AND EQUITY: | 125,112 | 75,082 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|
| Revenues | 1,586 | 1,644 | |
| Revenue, net | 1,586 | 1,644 | |
| Cost of revenue (Cost of Goods and Services Sold) | (5,425) | (5,129) | |
| Gross profit: | (3,839) | (3,485) | |
| Operating expenses | (23,015) | (24,057) | |
| Other undisclosed operating income | 5,425 | 5,129 | |
| Operating loss: | (21,429) | (22,413) | |
| Nonoperating expense | (12,581) | (4,747) | |
| Interest and debt expense | (11,755) | (4,756) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 11,755 | 4,756 | |
| Net loss available to common stockholders, diluted: | (34,010) | (27,160) | |
Comprehensive Income ($ in thousands)
| 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|
| Net loss: | (34,010) | (27,160) | |
| Comprehensive loss, net of tax, attributable to parent: | (34,010) | (27,160) | |
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.