HKN Inc (HKNI) Financial Statements (2024 and earlier)

Company Profile

Business Address 180 STATE STREET
SOUTHLAKE, TX 76092
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)

6/30/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 14,50214,30219,286
Cash and cash equivalents 14,50214,30219,286
Receivables 138334203
Disposal group, including discontinued operation  6 
Prepaid expense and other current assets297
Other undisclosed current assets 288214 
Total current assets: 14,92814,85619,786
Noncurrent Assets
Property, plant and equipment 8,25219,04310,809
Long-term investments and receivables 9,97931,13540,488
Due from related parties  11,82316,881
Long-term investments 9,97919,31223,607
Intangible assets, net (including goodwill) 1,4621,6671,872
Intangible assets, net (excluding goodwill) 1,4621,6671,872
Prepaid expense and other noncurrent assets1,022
Other undisclosed noncurrent assets 359259 
Total noncurrent assets: 20,05252,10454,191
TOTAL ASSETS: 34,98066,96073,977
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 6591,583260
Accrued liabilities 6591,583260
Debt 489  
Disposal group, including discontinued operation 3,237160247
Other undisclosed current liabilities 329838244
Total current liabilities: 4,7142,581751
Noncurrent Liabilities
Long-term debt and lease obligation 178  
Long-term debt, excluding current maturities 15  
Capital lease obligations 163  
Liabilities, other than long-term debt 2802804
Asset retirement obligations 224
Other liabilities  800800
Total noncurrent liabilities: 180802804
Total liabilities: 4,8943,3831,555
Equity
Equity, attributable to parent, including: 30,08663,57772,420
Common stock 444
Additional paid in capital 449,762450,394453,300
Accumulated other comprehensive income  8,82013,286
Accumulated deficit (419,680)(395,643)(394,170)
Other undisclosed equity, attributable to parent  2 
Other undisclosed equity   2
Total equity: 30,08663,57772,422
TOTAL LIABILITIES AND EQUITY: 34,98066,96073,977

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

6/30/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
 9881,093394
Cost of revenue
(Cost of Goods and Services Sold)
 (218)(209)(49)
Gross profit: 770884345
Operating expenses (22,216)(4,472)(4,971)
Other undisclosed operating income 21820949
Operating loss: (21,228)(3,379)(4,577)
Nonoperating income 5852,3771,954
Investment income, nonoperating (937)  
Loss from continuing operations before income taxes: (20,643)(1,002)(2,623)
Income tax benefit   80
Loss from continuing operations: (20,643)(1,002)(2,543)
Loss before gain (loss) on sale of properties: (23,959)(1,473)(3,167)
Loss from discontinued operations (3,316)(471)(624)
Net loss attributable to parent: (23,959)(1,473)(3,167)
Preferred stock dividends and other adjustments (15)(16)(16)
Other undisclosed net income (loss) available to common stockholders, basic (63)1616
Net loss available to common stockholders, diluted: (24,037)(1,473)(3,167)

Comprehensive Income ($ in thousands)

6/30/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Net loss: (23,959)(1,473)(3,167)
Other comprehensive income (loss) (8,820)(4,466)3,283
Comprehensive income (loss), net of tax, attributable to parent: (32,779)(5,939)116

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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