HKN Inc (HKNI) Financial Statements (2025 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 | 14,502 | 14,302 | 19,286 | |||
| Cash and cash equivalent | 14,502 | 14,302 | 19,286 | |||
| Receivables | 138 | 334 | 203 | |||
| Disposal group, including discontinued operation | 6 | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 297 | ||
| Other undisclosed current assets | 288 | 214 | ||||
| Total current assets: | 14,928 | 14,856 | 19,786 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 8,252 | 19,043 | 10,809 | |||
| Long-term investments and receivables | 9,979 | 31,135 | 40,488 | |||
| Due from related parties | 11,823 | 16,881 | ||||
| Long-term investments | 9,979 | 19,312 | 23,607 | |||
| Intangible assets, net (including goodwill) | 1,462 | 1,667 | 1,872 | |||
| Intangible assets, net (excluding goodwill) | 1,462 | 1,667 | 1,872 | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | 1,022 | ||
| Other undisclosed noncurrent assets | 359 | 259 | ||||
| Total noncurrent assets: | 20,052 | 52,104 | 54,191 | |||
| TOTAL ASSETS: | 34,980 | 66,960 | 73,977 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 659 | 1,583 | 260 | |||
| Accrued liabilities | 659 | 1,583 | 260 | |||
| Debt | 489 | |||||
| Disposal group, including discontinued operation | 3,237 | 160 | 247 | |||
| Other undisclosed current liabilities | 329 | 838 | 244 | |||
| Total current liabilities: | 4,714 | 2,581 | 751 | |||
| 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 | 2 | 802 | 804 | |||
| Asset retirement obligations | 2 | 2 | 4 | |||
| Other liabilities | 800 | 800 | ||||
| Total noncurrent liabilities: | 180 | 802 | 804 | |||
| Total liabilities: | 4,894 | 3,383 | 1,555 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 30,086 | 63,577 | 72,420 | |||
| Common stock | 4 | 4 | 4 | |||
| Additional paid in capital | 449,762 | 450,394 | 453,300 | |||
| Accumulated other comprehensive income | 8,820 | 13,286 | ||||
| Accumulated deficit | (419,680) | (395,643) | (394,170) | |||
| Other undisclosed equity, attributable to parent | 2 | |||||
| Other undisclosed equity | 2 | |||||
| Total equity: | 30,086 | 63,577 | 72,422 | |||
| TOTAL LIABILITIES AND EQUITY: | 34,980 | 66,960 | 73,977 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 988 | 1,093 | 394 | ||
| Cost of revenue (Cost of Product and Service Sold) | (218) | (209) | (49) | ||
| Gross profit: | 770 | 884 | 345 | ||
| Operating expenses | (22,216) | (4,472) | (4,971) | ||
| Other undisclosed operating income | 218 | 209 | 49 | ||
| Operating loss: | (21,228) | (3,379) | (4,577) | ||
| Nonoperating income | 585 | 2,377 | 1,954 | ||
| 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) | 16 | 16 | ||
| 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.