GLORI ENERGY INC (GLRI) financial statements (2022 and earlier)

Company profile

Business Address 4315 SOUTH DRIVE
HOUSTON, TX 77053
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7153,1445,0458,38012,29817,07623,475
Cash and cash equivalents1,7153,1445,0458,38012,29817,07623,475
Receivables7247929351,4561,2281,1491,243
Deferred costs101156211    
Derivative instruments and hedges, assets6381,2432,4043,4113,0492,0952,886
Other undisclosed current assets174141174314276433377
Total current assets:3,3525,4768,76913,56116,85120,75327,981
Noncurrent Assets
Property, plant and equipment6,3936,5226,4556,4396,4556,3696,240
Oil and gas property, successful effort method50,48949,77249,43548,45448,30248,00946,330
Derivative instruments and hedges    3,1152,3193,133
Deferred costs   227  351
Deferred tax assets, net   1,1611,041683970
Other undisclosed noncurrent assets(49,141)(48,269)(47,955)(47,578)(22,986)(21,718)(24,265)
Total noncurrent assets:7,7418,0257,9358,70335,92735,66232,759
TOTAL ASSETS:11,09313,50116,70422,26452,77856,41560,740
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,8681,8581,7451,1802,0702,9772,069
Accounts payable7236441,097 8571,297694
Accrued liabilities1,1451,214648 1,2131,6801,375
Employee-related liabilities   91   
Taxes payable   47   
Interest and dividends payable   386   
Other undisclosed accounts payable and accrued liabilities   656   
Debt9,92510,06710,0794802,0812,473473
Deferred revenue and credits     33345
Deferred tax liabilities   1,1611,041683970
Other undisclosed current liabilities   1,430   
Total current liabilities:11,79311,92511,8244,2515,1926,1663,857
Noncurrent Liabilities
Long-term debt and lease obligation35373910,04512,88914,56416,726
Long-term debt, excluding current maturities35373910,04512,88914,56416,726
Liabilities, other than long-term debt1,4701,4031,4981,4571,4411,4021,364
Asset retirement obligations   1,457   
Other liabilities1,4701,4031,498 1,4411,4021,364
Total noncurrent liabilities:1,5051,4401,53711,50214,33015,96618,090
Total liabilities:13,29813,36513,36115,75319,52222,13221,947
Stockholders' equity
Stockholders' equity attributable to parent(2,205)1363,3436,51133,25634,28338,793
Common stock3333333
Additional paid in capital107,343107,207107,167106,934106,627106,351105,945
Accumulated deficit(109,551)(107,074)(103,827)(100,426)(73,374)(72,071)(67,155)
Total stockholders' equity:(2,205)1363,3436,51133,25634,28338,793
TOTAL LIABILITIES AND EQUITY:11,09313,50116,70422,26452,77856,41560,740

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

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Revenues
(Revenue, Net)
1,1191,2351,1981,7842,0192,6322,567
Cost of revenue
(Cost of Goods and Services Sold)
(1,462)(1,240)(1,891)(2,543)(2,539)(2,500)(2,392)
Gross profit:(343)(5)(693)(759)(520)132175
Operating expenses(3,337)(3,661)(4,422)(29,381)(5,886)(6,236)(6,173)
Other undisclosed operating income1,4621,2401,8912,5432,5392,5002,392
Operating loss:(2,218)(2,426)(3,224)(27,597)(3,867)(3,604)(3,606)
Nonoperating income (expense)(259)(827)(177)5312,567(1,500)639
Other nonoperating income (expense)(1)2112842210(15)
Interest and debt expense(390)(392)(343)(441)(483)(530)(715)
Loss from continuing operations before equity method investments, income taxes:(2,867)(3,645)(3,744)(27,507)(1,783)(5,634)(3,682)
Other undisclosed income from continuing operations before income taxes390392343441483530715
Loss from continuing operations before income taxes:(2,477)(3,253)(3,401)(27,066)(1,300)(5,104)(2,967)
Income tax expense (benefit) 6 14(3)188(17)
Net loss available to common stockholders, diluted:(2,477)(3,247)(3,401)(27,052)(1,303)(4,916)(2,984)

Comprehensive Income ($ in thousands)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Net loss:(2,477)(3,247)(3,401)(27,052)(1,303)(4,916)(2,984)
Comprehensive loss, net of tax, attributable to parent:(2,477)(3,247)(3,401)(27,052)(1,303)(4,916)(2,984)

Statements sources

The financial statements are based on the company's filings with the 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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