Geomet Inc (GMET) Financial Statements (2025 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 | 22,894 | 8,108 | 7,234 | |||
| Cash and cash equivalent | 22,894 | 8,108 | 7,234 | |||
| Receivables | 2,901 | 6,249 | ||||
| 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 assets | ✕ | ✕ | 693 | 1,438 | ||
| Other undisclosed current assets | 3,656 | 3,831 | ||||
| Total current assets: | 23,043 | 11,702 | 19,114 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 42,329 | 75,125 | ||||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 41,984 | 74,391 | ||||
| Long-term investments and receivables | 241 | |||||
| Long-term investments | 241 | |||||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | 769 | 962 | ||
| Deferred tax assets, net | 1,126 | |||||
| Other undisclosed noncurrent assets | (84,313) | (149,757) | ||||
| Total noncurrent assets: | 769 | 2,088 | ||||
| Other undisclosed assets | 42,329 | 75,125 | ||||
| TOTAL ASSETS: | 23,043 | 54,800 | 96,326 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 928 | 4,615 | 7,523 | |||
| Taxes payable | 653 | |||||
| Accounts payable | 152 | 3,542 | 5,729 | |||
| Accrued liabilities | 123 | 1,074 | 1,794 | |||
| Debt | 71,550 | 10,300 | ||||
| Derivative instruments and hedges, liabilities | 834 | 920 | ||||
| Asset retirement obligation | 265 | 74 | ||||
| Deferred tax liabilities | 1,126 | |||||
| Other undisclosed current liabilities | (650) | 3,656 | 3,831 | |||
| Total current liabilities: | 278 | 80,921 | 23,773 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 129,000 | |||||
| Long-term debt, excluding current maturities | 129,000 | |||||
| Liabilities, other than long-term debt | 9,625 | 14,872 | ||||
| Asset retirement obligations | 8,915 | 13,235 | ||||
| Derivative instruments and hedges, liabilities | 710 | 1,636 | ||||
| Other undisclosed noncurrent liabilities | 113 | 144 | ||||
| Total noncurrent liabilities: | 9,738 | 144,015 | ||||
| Total liabilities: | 278 | 90,660 | 167,788 | |||
| Temporary equity, including noncontrolling interest | 48,676 | 43,405 | 35,852 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | (25,911) | (79,264) | (107,314) | |||
| Common stock | 41 | 41 | 41 | |||
| Treasury stock, value | (94) | (94) | (94) | |||
| Additional paid in capital | 182,275 | 187,528 | 195,034 | |||
| 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: | 23,043 | 54,800 | 96,326 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues | 38,209 | 39,383 | |||
| Cost of revenue (Cost of Product and Service Sold) | (13,132) | (17,483) | |||
| Gross profit: | 25,078 | 21,900 | |||
| Operating expenses | (4,388) | (34,456) | (137,356) | ||
| Other undisclosed operating income | 50,080 | 17,483 | |||
| 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 | 2,749 | 5,132 | 7,205 | ||
| 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: | 58,606 | 35,319 | (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: | 53,332 | 27,763 | (155,803) | ||
| Other undisclosed net income available to common stockholders, diluted | 7,556 | ||||
| Net income (loss) available to common stockholders, diluted: | 53,332 | 35,319 | (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.