Geomet Inc (GMET) Financial Statements (2024 and earlier)

Company Profile

Business Address 909 FANNIN, SUITE 3208
HOUSTON, TX 77010
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)

9/30/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 22,8948,1087,234
Cash and cash equivalents 22,8948,1087,234
Receivables  2,9016,249
Inventory, net of allowances, customer advances and progress billings  263
Inventory   263
Derivative instruments and hedges, assets   3,930
Advance royalties  (3,656)(3,831)
Other current assets 148 
Prepaid expense and other current assets6931,438
Other undisclosed current assets  3,6563,831
Total current assets: 23,04311,70219,114
Noncurrent Assets
Property, plant and equipment  42,32975,125
Oil and gas, full cost method, property and equipment, after accumulated depletion  41,98474,391
Long-term investments and receivables   241
Long-term investments   241
Prepaid expense and other noncurrent assets769962
Deferred tax assets, net   1,126
Other undisclosed noncurrent assets  (84,313)(149,757)
Total noncurrent assets:  7692,088
Other undisclosed assets  42,32975,125
TOTAL ASSETS: 23,04354,80096,326
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 9284,6157,523
Taxes payable 653  
Accounts payable 1523,5425,729
Accrued liabilities 1231,0741,794
Debt  71,55010,300
Derivative instruments and hedges, liabilities  834920
Asset retirement obligation  26574
Deferred tax liabilities   1,126
Other undisclosed current liabilities (650)3,6563,831
Total current liabilities: 27880,92123,773
Noncurrent Liabilities
Long-term debt and lease obligation   129,000
Long-term debt, excluding current maturities   129,000
Liabilities, other than long-term debt  9,62514,872
Asset retirement obligations  8,91513,235
Derivative instruments and hedges, liabilities  7101,636
Other undisclosed noncurrent liabilities  113144
Total noncurrent liabilities:  9,738144,015
Total liabilities: 27890,660167,788
Temporary equity, carrying amount 48,67643,40535,852
Equity
Equity, attributable to parent, including: (25,911)(79,264)(107,314)
Common stock 414141
Treasury stock, value (94)(94)(94)
Additional paid in capital 182,275187,528195,034
Accumulated other comprehensive loss   (53)
Accumulated deficit (208,133)(266,738)(302,057)
Other undisclosed equity, attributable to parent   (183)
Total equity: (25,911)(79,264)(107,314)
TOTAL LIABILITIES AND EQUITY: 23,04354,80096,326

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

9/30/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues  38,20939,383
Cost of revenue
(Cost of Goods and Services Sold)
  (13,132)(17,483)
Gross profit:  25,07821,900
Operating expenses (4,388)(34,456)(137,356)
Other undisclosed operating income  50,08017,483
Operating income (loss): (4,388)40,702(97,973)
Nonoperating expense (2,764)(5,358)(7,201)
Investment income, nonoperating (2,749)(1,809)4,421
Loss on contract termination  (96)(1,083)
Interest and debt expense  (5,132)(7,205)
Other undisclosed income from continuing operations before equity method investments, income taxes 2,7495,1327,205
Income (loss) from continuing operations before income taxes: (4,403)35,344(105,174)
Income tax expense (25)(25)(44,043)
Income (loss) from continuing operations: (4,428)35,319(149,217)
Income (loss) before gain (loss) on sale of properties: (5,080)35,319(149,217)
Loss from discontinued operations (653)  
Net income (loss): (5,080)35,319(149,217)
Other undisclosed net income (loss) attributable to parent 63,686 (736)
Net income (loss) attributable to parent: 58,60635,319(149,953)
Other undisclosed net loss available to common stockholders, basic (5,273)(7,556)(5,850)
Net income (loss) available to common stockholders, basic: 53,33227,763(155,803)
Other undisclosed net income available to common stockholders, diluted  7,556 
Net income (loss) available to common stockholders, diluted: 53,33235,319(155,803)

Comprehensive Income ($ in thousands)

9/30/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Net income (loss): (5,080)35,319(149,217)
Comprehensive income (loss): (5,080)35,319(149,217)
Other undisclosed comprehensive income, net of tax, attributable to parent   521
Comprehensive income (loss), net of tax, attributable to parent: (5,080)35,319(148,696)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: