Harvest Oil & Gas Corporation (HRST) Financial Statements (2024 and earlier)

Company Profile

Business Address 1001 FANNIN, SUITE 750
HOUSTON, TX 77002
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments53,3954,8965,55720,4158,25511,698
Cash and cash equivalents6,3134,8965,55720,4158,25511,698
Short-term investments 47,082     
Restricted cash and investments      
Receivables44,67247,77242,82531,42238,37137,661
Derivative instruments and hedges, assets15,4523,05220160,662113,04413,543
Other current assets2,3145,7133,7183,0572,0006,916
Assets held-for-sale8,012
Other undisclosed current assets      3,984
Total current assets:115,83361,43352,301115,556161,67081,814
Noncurrent Assets
Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment405,6881,375,5271,497,2111,790,4551,710,9251,829,062
Long-term investments and receivables     315,491254,978
Long-term investments     315,491254,978
Derivative instruments and hedges 8,499  10,74120,64729,088
Other noncurrent assets4,4743,8484,1865,8315,5618,782
Other undisclosed noncurrent assets 99753,0721,01934,9091,259
Total noncurrent assets:418,6611,380,3721,554,4691,808,0462,087,5332,123,169
TOTAL ASSETS:534,4941,441,8051,606,7701,923,6022,249,2032,204,983
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:26,14643,81731,70043,13547,87846,876
Settlement liabilities  573106 280
Interest and dividends payable  5,8206,029   
Taxes payable    11,657  
Accounts payable      
Accrued liabilities    3,5081,279 
Other undisclosed accounts payable and accrued liabilities26,14637,42425,56527,97046,31946,876
Debt  605,549    
Derivative instruments and hedges, liabilities 1,16539621,679  3,348
Asset retirement obligation     1,9411,885
Other liabilities      
Due to related parties  4,1945,7975,952  
Other undisclosed current liabilities    11,657(1,941)270
Total current liabilities:27,311653,95659,17660,74447,87852,379
Noncurrent Liabilities
Long-term debt and lease obligation 115,000 606,948688,6141,030,391980,297
Long-term debt, excluding current maturities 115,000 606,948688,6141,030,391980,297
Liabilities, other than long-term debt118,565159,837182,239175,685104,821100,374
Asset retirement obligations117,529158,793180,241174,003103,83299,133
Other liabilities1,0361,0441,0431,6829891,241
Derivative instruments and hedges, liabilities   955   
Total noncurrent liabilities:233,565159,837789,187864,2991,135,2121,080,671
Total liabilities:260,876813,793848,363925,0431,183,0901,133,050
Temporary equity, carrying amount79     
Equity
Equity, attributable to parent273,539     
Common stock100     
Treasury stock, value(247)     
Additional paid in capital249,717     
Retained earnings (accumulated deficit)23,969     
Total equity:273,539     
Other undisclosed liabilities and equity 628,012758,407998,5591,066,1131,071,933
TOTAL LIABILITIES AND EQUITY:534,4941,441,8051,606,7701,923,6022,249,2032,204,983

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 225,693184,894177,971339,405315,312
Revenue, net225,693184,894177,971339,405315,312
Cost of revenue (187,079)(186,464)(215,544)(227,363)(189,359)
Cost of goods and services sold  (101,591)(103,371)(100,836)(105,781)(104,465)
Gross profit: 38,614(1,570)(37,573)112,042125,953
Operating expenses (156,682)(215,480)(250,360)(137,165)(135,656)
Operating loss: (118,068)(217,050)(287,933)(25,123)(9,703)
Nonoperating income (expense) (16,343)(28,220)51,911139,557(66,047)
Investment income, nonoperating     92,121 
Other nonoperating income 1,7062,52278294277
Interest and debt expense (40,903)47,69524,024(52,578)(49,062)
Other undisclosed income from continuing operations before equity method investments, income taxes     52,57849,062
Income (loss) from continuing operations before equity method investments, income taxes: (175,314)(197,575)(211,998)114,434(75,750)
Income (loss) from equity method investments     15,762(344)
Other undisclosed income (loss) from continuing operations before income taxes 40,903(47,695)(24,024)  
Income (loss) from continuing operations before income taxes: (134,411)(245,270)(236,022)130,196(76,094)
Income tax expense (benefit) 2102,3751,843(476)(133)
Income (loss) from continuing operations: (134,201)(242,895)(234,179)129,720(76,227)
Income (loss) before gain (loss) on sale of properties: (134,201)(242,895)21,333129,720(76,227)
Income from discontinued operations    255,512  
Other undisclosed net income     81,669269,976
Net income (loss): (134,201)(242,895)21,333211,389193,749
Other undisclosed net loss attributable to parent     (81,669)(269,976)
Net income (loss) available to common stockholders, diluted: (134,201)(242,895)21,333129,720(76,227)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): (134,201)(242,895)21,333211,389193,749
Comprehensive income (loss), net of tax, attributable to parent: (134,201)(242,895)21,333211,389193,749

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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