Goodrich Petroleum Corporation (GDP) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
801 LOUISIANA HOUSTON, TX 77002 |
| 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)
| 9/30/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,360 | 1,452 | 4,068 | 11,782 | |||||
| Cash and cash equivalent | 1,360 | 1,452 | 4,068 | 11,782 | |||||
| Receivables | 920 | 1,131 | 744 | 1,255 | |||||
| Inventory, net of allowances, customer advances and progress billings | 130 | 234 | 596 | 5,652 | |||||
| Inventory | 130 | 234 | 596 | 5,652 | |||||
| Derivative instruments and hedges, assets | 143 | 8,537 | 803 | ||||||
| Other undisclosed current assets | 11,471 | 11,894 | 14,997 | 4,540 | |||||
| Total current assets: | 14,024 | 23,248 | 21,208 | 23,229 | |||||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 189,218 | 213,308 | 165,190 | 70,532 | |||||
| Derivative instruments and hedges | 31 | ||||||||
| Deferred costs | 5,186 | ||||||||
| Deferred income tax assets | 393 | ✕ | ✕ | ✕ | ✕ | ||||
| Other noncurrent assets | 1,835 | 2,338 | 580 | ||||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 786 | |||||
| Other undisclosed noncurrent assets | 26 | ||||||||
| Total noncurrent assets: | 191,053 | 216,070 | 166,556 | 75,744 | |||||
| TOTAL ASSETS: | 205,077 | 239,318 | 187,764 | 98,973 | |||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 40,677 | 42,963 | 42,252 | 227 | 32,181 | ||||
| Accounts payable | 27,811 | 26,348 | 25,734 | 227 | 19,673 | ||||
| Accrued liabilities | 12,866 | 16,615 | 16,518 | 12,508 | |||||
| Debt | 470,603 | ||||||||
| Derivative instruments and hedges, liabilities | 1,274 | 30 | |||||||
| Asset retirement obligation | 83 | ||||||||
| Deferred tax liabilities | ✕ | ✕ | ✕ | 26 | |||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 2,193 | ||||
| Total current liabilities: | 41,951 | 42,963 | 42,252 | 2,420 | 502,923 | ||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 112,969 | 105,235 | 76,820 | ||||||
| Long-term debt, excluding current maturities | 110,159 | 104,435 | 76,820 | ||||||
| Liabilities, other than long-term debt | 8,587 | 6,955 | 4,262 | 7,200 | 4,135 | ||||
| Asset retirement obligations | 4,716 | 4,169 | 3,791 | 7,200 | 3,645 | ||||
| Other liabilities | 490 | ||||||||
| Operating lease, liability | 2,810 | 800 | ✕ | ✕ | ✕ | ✕ | |||
| Derivative instruments and hedges, liabilities | 3,871 | 2,786 | 471 | ||||||
| Total noncurrent liabilities: | 121,556 | 112,190 | 81,082 | 7,200 | 4,135 | ||||
| Total liabilities: | 163,507 | 155,153 | 123,334 | 9,620 | 507,058 | ||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 41,570 | 84,165 | 64,430 | (408,085) | |||||
| Common stock | 134 | 125 | 122 | 12,782 | |||||
| Treasury stock, value | (41) | ||||||||
| Additional paid in capital | 82,842 | 81,305 | 74,861 | 1,069,673 | |||||
| Retained earnings (accumulated deficit) | (41,406) | 2,735 | (10,553) | (1,492,001) | |||||
| Other undisclosed equity, attributable to parent | 1,502 | ||||||||
| Total equity: | 41,570 | 84,165 | 64,430 | (408,085) | |||||
| TOTAL LIABILITIES AND EQUITY: | 205,077 | 239,318 | 187,764 | 9,620 | 98,973 | ||||
Income Statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 93,826 | 118,350 | 87,996 | 77,650 | ||||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 79,077 | |||
| Cost of revenue (Cost of Product and Service Sold) | (1,168) | |||||||
| Gross profit: | 93,826 | 118,350 | 87,996 | 76,482 | ||||
| Operating expenses | (135,479) | (107,250) | (70,576) | (1,700) | (572,189) | |||
| Other undisclosed operating income | 1,168 | |||||||
| Operating income (loss): | (41,653) | 11,100 | 17,420 | (1,700) | (494,539) | |||
| Nonoperating income (expense) | (2,488) | 2,188 | (15,422) | 15,115 | ||||
| Investment income, nonoperating | 4,408 | 15,010 | (3,986) | 7,367 | ||||
| Interest and debt expense | (7,049) | (1,846) | (11,944) | 62,600 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (51,190) | 11,442 | (9,946) | (1,700) | (416,824) | |||
| Other undisclosed income (loss) from continuing operations before income taxes | 7,049 | 1,846 | 11,639 | (62,600) | ||||
| Income (loss) from continuing operations before income taxes: | (44,141) | 13,288 | 1,693 | (1,700) | (479,424) | |||
| Income tax benefit | 57 | |||||||
| Income (loss) from continuing operations: | (44,141) | 13,288 | 1,750 | (1,700) | (479,424) | |||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (44,141) | 13,288 | 1,750 | (1,700) | (479,424) | ||
| Net income (loss) attributable to parent: | (44,141) | 13,288 | 1,750 | (1,700) | (479,424) | |||
| Preferred stock dividends and other adjustments | (94,869) | |||||||
| Other undisclosed net income available to common stockholders, basic | 164,413 | |||||||
| Net income (loss) available to common stockholders, diluted: | (44,141) | 13,288 | 1,750 | (1,700) | (409,880) | |||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (44,141) | 13,288 | 1,750 | (1,700) | (479,424) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (44,141) | 13,288 | 1,750 | (1,700) | (479,424) | |||
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.