Isramco, Inc. (ISRL) financial statements (2022 and earlier)

Company profile

Business Address 2425 WEST LOOP SOUTH
HOUSTON, TX 77027
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)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,85730,00926,09022,0782,0274,149615
Cash and cash equivalents13,85730,00926,09022,0782,0274,149615
Restricted cash and investments83080270118561  
Receivables18,92012,5499,90212,46017,26614,75511,856
Inventory, net of allowances, customer advances and progress billings563475697871829428122
Inventory563475697871829428122
Derivative instruments and hedges, assets293      
Prepaid expense and other current assets572
Deferred tax assets    2,7016,539 
Other undisclosed current assets2,9562,7112,2952,6792,5172,4724,221
Total current assets:37,41946,54639,68538,27325,40128,34317,386
Noncurrent Assets
Property, plant and equipment54,24252,12955,50065,591115,933120,418132,613
Oil and gas property, successful effort method    245,022  
Derivative instruments and hedges388      
Deposits noncurrent assets    48933098
Restricted cash and investments19,3049,6747,1227,080   
Other noncurrent assets 187  53,93536,836
Prepaid expense and other noncurrent assets18,987
Deferred tax assets, net    16,8809,152 
Other undisclosed noncurrent assets26126138,96536,013(298,796)(37,166)(15,126)
Total noncurrent assets:74,19562,251101,587108,684133,463129,570136,572
TOTAL ASSETS:111,614108,797141,272146,957158,864157,913153,958
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:    20,29313,90613,208
Other undisclosed accounts payable and accrued liabilities    20,29313,90613,208
Debt3,6003363361,4222,5681,392(16,638)
Due to related parties    26,47115,27521,749
Other undisclosed current liabilities37,00833,24022,63123,836(1,262) 17,411
Total current liabilities:40,60833,57622,96725,25848,07030,57335,730
Noncurrent Liabilities
Long-term debt and lease obligation     96,03573,906
Long-term debt, excluding current maturities     96,03573,906
Liabilities, other than long-term debt, including:118,973132,615139,256149,825140,74418,81417,908
Asset retirement obligations22,17221,67020,74819,88420,04618,81417,908
Due to related parties    72,62896,03581,505
Derivative instruments and hedges, liabilities  100431   
Other undisclosed liabilities, other than long-term debt96,801110,945118,408129,51048,070(96,035)(81,505)
Other undisclosed noncurrent liabilities(40,608)(33,576)(22,967)(25,258)(48,070) 7,599
Total noncurrent liabilities:78,36599,039116,289124,56792,674114,84999,413
Total liabilities:118,973132,615139,256149,825140,744145,422135,143
Stockholders' equity
Stockholders' equity attributable to parent680(17,254)7,05631117,62111,87418,584
Common stock27272727272727
Treasury stock, value(164)(164)(164)(164)(164)(164)(164)
Additional paid in capital23,85323,85323,85323,85323,85323,26823,268
Accumulated deficit(23,036)(40,970)(16,660)(23,405)(6,095)(11,257)(4,547)
Stockholders' equity attributable to noncontrolling interest(8,039)(6,564)(5,040)(3,179)499617231
Total stockholders' equity:(7,359)(23,818)2,016(2,868)18,12012,49118,815
TOTAL LIABILITIES AND EQUITY:111,614108,797141,272146,957158,864157,913153,958

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues81,33965,94754,94274,50993,89868,69250,430
Revenue, net   66,85351,75849,681
Cost of revenue
(Cost of Goods and Services Sold)
(9,381)(9,478)(8,925)(14,828)(19,066)(19,974)(19,737)
Gross profit:71,95856,46946,01759,68174,83248,71830,693
Operating expenses(53,426)(41,321)(40,875)(97,365)(79,525)(72,021)(44,433)
Other undisclosed operating income9,3819,4788,92514,82819,06619,97419,737
Operating income (loss):27,91324,62614,067(22,856)14,373(3,329)5,997
Nonoperating expense(4,299)(4,815)(5,544)(7,383)(6,385)(6,611)(2,455)
Interest and debt expense(4,992)(4,784)(4,817)(5,310)(6,773)(6,528)(6,339)
Other undisclosed income from continuing operations before equity method investments, income taxes4,9924,7844,8175,3106,7736,5286,339
Income (loss) from continuing operations before income taxes:23,61419,8118,523(30,239)7,988(9,940)3,542
Income tax expense (benefit)(7,138)(45,637)(3,634)9,251(2,859)3,616(1,095)
Net income (loss):16,476(25,826)4,889(20,988)5,129(6,324)2,447
Net income (loss) attributable to noncontrolling interest1,4581,5161,8563,67833(386)(226)
Net income (loss) available to common stockholders, diluted:17,934(24,310)6,745(17,310)5,162(6,710)2,221

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):16,476(25,826)4,889(20,988)5,129(6,324)2,447
Other comprehensive loss      (2,254)
Comprehensive income (loss):16,476(25,826)4,889(20,988)5,129(6,324)193
Comprehensive income, net of tax, attributable to noncontrolling interest1,4581,5161,8563,67833386226
Other undisclosed comprehensive loss, net of tax, attributable to parent     (772)(452)
Comprehensive income (loss), net of tax, attributable to parent:17,934(24,310)6,745(17,310)5,162(6,710)(33)

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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