Goodrich Petroleum Corporation (GDP) Financial Statements (2024 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
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7821,1781,3601,2511,5641,262
Cash and cash equivalents7821,1781,3601,2511,5641,262
Receivables1,4691,4809202,1071,6201,304
Inventory, net of allowances, customer advances and progress billings130130130234234234
Inventory130130130234234234
Derivative instruments and hedges, assets1,3253011435794,42412,141
Other undisclosed current assets17,81913,32411,4718,8588,0808,192
Total current assets:21,52516,41314,02413,02915,92223,133
Noncurrent Assets
Property, plant and equipment215,864208,434189,218206,394202,116218,158
Deferred income tax assets      393
Other noncurrent assets1,6521,7861,8351,9632,0922,221
Total noncurrent assets:217,516210,220191,053208,357204,208220,772
TOTAL ASSETS:239,041226,633205,077221,386220,130243,905
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities44,23647,06540,67741,11136,16842,615
Accounts payable29,81234,60827,81128,85326,63426,279
Accrued liabilities14,42412,45712,86612,2589,53416,336
Derivative instruments and hedges, liabilities27,6785,6591,2746,181352 
Total current liabilities:71,91452,72441,95147,29236,52042,615
Noncurrent Liabilities
Long-term debt and lease obligation120,588116,459112,969109,529107,925105,089
Long-term debt, excluding current maturities120,588116,459110,159109,529107,925105,089
Liabilities, other than long-term debt10,0129,7898,58711,6748,5717,693
Asset retirement obligations5,0284,8564,7164,5234,4234,300
Other liabilities2,6112,712   202
Operating lease, liability   2,810   
Derivative instruments and hedges, liabilities2,3732,2213,8717,1514,1483,191
Total noncurrent liabilities:130,600126,248121,556121,203116,496112,782
Total liabilities:202,514178,972163,507168,495153,016155,397
Equity
Equity, attributable to parent36,52747,66141,57052,89167,11488,508
Common stock134134134127127125
Treasury stock, value(28)(28) (281)(272)(2)
Additional paid in capital84,88384,45882,84285,62284,42982,614
Retained earnings (accumulated deficit)(48,462)(36,903)(41,406)(32,577)(17,170)5,771
Total equity:36,52747,66141,57052,89167,11488,508
TOTAL LIABILITIES AND EQUITY:239,041226,633205,077221,386220,130243,905

Income Statement (P&L) ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Revenues38,10331,87228,90021,46620,47422,986
Gross profit:38,10331,87228,90021,46620,47422,986
Operating expenses(25,082)(21,249)(44,133)(31,349)(40,025)(27,255)
Operating income (loss):13,02110,623(15,233)(9,883)(19,551)(4,269)
Nonoperating income (expense)(24,580)(6,120)6,404(12,807)(3,390)7,305
Investment income, nonoperating (3,269)8,037(11,079)(1,688)9,138
Interest and debt expense(2,107)(935)(1,639)(1,733)(1,725)(1,952)
Income (loss) from continuing operations before equity method investments, income taxes:(13,666)3,568(10,468)(24,423)(24,666)1,084
Other undisclosed income from continuing operations before income taxes2,1079351,6391,7331,7251,952
Income (loss) from continuing operations:(11,559)4,503(8,829)(22,690)(22,941)3,036
Income (loss) before gain (loss) on sale of properties:(11,559)4,503(8,829)(22,690)(22,941)3,036
Net income (loss) available to common stockholders, diluted:(11,559)4,503(8,829)(22,690)(22,941)3,036

Comprehensive Income ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Net income (loss):(11,559)4,503(8,829)(22,690)(22,941)3,036
Comprehensive income (loss), net of tax, attributable to parent:(11,559)4,503(8,829)(22,690)(22,941)3,036

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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