Harvest Oil & Gas Corporation (HRST) financial statements (2022 and earlier)

Company profile

Business Address 1001 FANNIN, SUITE 750
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
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
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28,96898,34813,65019,43953,395  
Cash and cash equivalents28,96898,34813,65019,4396,313  
Short-term investments    47,082  
Restricted cash and investments10,000      
Receivables15,39722,01930,60738,08644,672  
Derivative instruments and hedges, assets6,2318,74514,1372,45115,452  
Other current assets2774069447692,314  
Total current assets:60,873129,51859,33860,745115,833  
Noncurrent Assets
Oil and gas property, successful effort method114,031142,471159,388323,743405,688  
Derivative instruments and hedges 1,9334,7813,2208,499  
Other noncurrent assets4,9656,6797,1125,5584,474  
Other undisclosed noncurrent assets3169,28487,26048,998   
Total noncurrent assets:119,312160,367258,541381,519418,661  
TOTAL ASSETS:180,185289,885317,879442,264534,494  
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:23,52424,14325,09526,04326,146  
Accounts payable4,809      
Accrued liabilities 5,0005,0005,000   
Interest and dividends payable   31   
Other undisclosed accounts payable and accrued liabilities18,71519,14320,09521,01226,146  
Derivative instruments and hedges, liabilities   3761,165  
Other liabilities586684731763   
Total current liabilities:24,11024,82725,82627,18227,311  
Noncurrent Liabilities
Long-term debt and lease obligation   55,000115,000  
Long-term debt, excluding current maturities   55,000115,000  
Liabilities, other than long-term debt90,438103,012103,912112,685118,565  
Asset retirement obligations88,668101,374102,108110,712117,529  
Other liabilities1,7701,6381,8041,9731,036  
Total noncurrent liabilities:90,438103,012103,912167,685233,565  
Total liabilities:114,548127,839129,738194,867260,876  
Temporary equity, carrying amount12713513511779  
Stockholders' equity
Stockholders' equity attributable to parent65,371159,152177,388237,825273,539  
Common stock102102101100100  
Treasury stock, value(562)(542)(414)(247)(247)  
Additional paid in capital180,177251,834250,414249,778249,717  
Retained earnings (accumulated deficit)(114,346)(92,242)(72,713)(11,806)23,969  
Total stockholders' equity:65,371159,152177,388237,825273,539  
Other undisclosed liabilities and equity1392,75910,6189,455   
TOTAL LIABILITIES AND EQUITY:180,185289,885317,879442,264534,494  

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues16,13823,24930,58743,846 89,942 
Revenue, net89,942
Cost of revenue(14,356)(22,870)(27,192)(30,764) (37,656) 
Cost of goods and services sold   (23,200) (37,656) 
Gross profit:1,7823793,39513,082 52,286 
Operating expenses(21,784)(25,466)(82,667)(34,734)   
Operating income (loss):(20,002)(25,087)(79,272)(21,652) 52,286 
Nonoperating income (expense)(2,115)5,55818,080(13,838)   
Other nonoperating income (expense)3553412,965(138)   
Interest and debt expense(154)(501)(1,315)(1,519)   
Other undisclosed income from continuing operations before equity method investments, income taxes   1,519   
Income (loss) from continuing operations before equity method investments, income taxes:(22,271)(20,030)(62,507)(35,490) 52,286 
Other undisclosed income from continuing operations before income taxes1545011,315    
Income (loss) from continuing operations before income taxes:(22,117)(19,529)(61,192)(35,490) 52,286 
Income tax expense (benefit)  285(285)   
Other undisclosed income from continuing operations13      
Net income (loss) available to common stockholders, diluted:(22,104)(19,529)(60,907)(35,775) 52,286 

Comprehensive Income ($ in thousands)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(22,104)(19,529)(60,907)(35,775) 52,286 
Comprehensive income (loss), net of tax, attributable to parent:(22,104)(19,529)(60,907)(35,775) 52,286 

Statements sources

The financial statements are based on the company's filings with the 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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