Isramco, Inc. (ISRL) Financial Statements (2024 and earlier)

Company Profile

Business Address 2425 WEST LOOP SOUTH
HOUSTON, TX 77027
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)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,03313,85710,5916,98411,88630,009
Cash and cash equivalents9,03313,85710,5916,98411,88630,009
Restricted cash and investments831830704703703802
Receivables20,31418,92020,53119,23714,03712,549
Inventory, net of allowances, customer advances and progress billings559563502421419475
Inventory559563502421419475
Derivative instruments and hedges, assets257293260178  
Other undisclosed current assets1,8972,9561,5741,5282,1152,711
Total current assets:32,89137,41934,16229,05129,16046,546
Noncurrent Assets
Property, plant and equipment54,36954,24256,27554,45653,94152,129
Derivative instruments and hedges 533881,1021,019  
Restricted cash and investments23,36619,30423,04525,44826,5199,674
Other noncurrent assets      187
Other undisclosed noncurrent assets2612612612611,098261
Total noncurrent assets:78,04974,19580,68381,18481,55862,251
TOTAL ASSETS:110,940111,614114,845110,235110,718108,797
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:14,794 14,87913,52313,329 
Interest and dividends payable1,012 1,0961,1461,079 
Other undisclosed accounts payable and accrued liabilities13,782 13,78312,37712,250 
Debt  3,600 98 336
Derivative instruments and hedges, liabilities     47 
Due to related parties4,502 505050 
Other undisclosed current liabilities22,24937,00825,33322,64922,71833,240
Total current liabilities:41,54540,60840,26236,32036,14433,576
Noncurrent Liabilities
Long-term debt and lease obligation50,951 61,42666,65171,866 
Long-term debt, excluding current maturities50,951 61,42666,65171,866 
Liabilities, other than long-term debt, including:22,179118,97322,04522,04521,872132,615
Asset retirement obligations22,17922,17222,04522,04521,87221,670
Derivative instruments and hedges, liabilities      
Other undisclosed liabilities, other than long-term debt  96,801   110,945
Other undisclosed noncurrent liabilities  (40,608)   (33,576)
Total noncurrent liabilities:73,13078,36583,47188,69693,73899,039
Total liabilities:114,675118,973123,733125,016129,882132,615
Equity
Equity, attributable to parent4,711680(1,333)(7,511)(12,219)(17,254)
Common stock272727272727
Treasury stock, value(164)(164)(164)(164)(164)(164)
Additional paid in capital23,85323,85323,85323,85323,85323,853
Accumulated deficit(19,005)(23,036)(25,049)(31,227)(35,935)(40,970)
Equity, attributable to noncontrolling interest(8,446)(8,039)(7,555)(7,270)(6,945)(6,564)
Total equity:(3,735)(7,359)(8,888)(14,781)(19,164)(23,818)
TOTAL LIABILITIES AND EQUITY:110,940111,614114,845110,235110,718108,797

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

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
Revenues21,01621,00822,84619,99217,49316,194
Revenue, net(33,438)
Cost of revenue
(Cost of Goods and Services Sold)
      (2,365)
Other undisclosed gross profit  (9,381)    
Gross profit:21,01611,62722,84619,99217,49313,829
Operating expenses(14,004)(15,855)(13,980)(12,762)(10,829)(12,150)
Other undisclosed operating income  9,381   2,365
Operating income:7,0125,1538,8667,2306,6644,044
Nonoperating expense(1,515)(1,854)(1,032)(1,061)(352)(460)
Interest and debt expense(1,184)(1,224)(1,218)(1,333)(1,217)(1,173)
Other undisclosed income from continuing operations before equity method investments, income taxes1,1841,2241,2181,3331,2171,173
Income from continuing operations before income taxes:5,4973,2997,8346,1696,3123,584
Income tax expense(1,863)(1,753)(1,941)(1,786)(1,658)(39,563)
Income (loss) from continuing operations:3,6341,5465,8934,3834,654(35,979)
Income (loss) before gain (loss) on sale of properties:3,6341,5465,8934,3834,654(35,979)
Net income (loss):3,6341,5465,8934,3834,654(35,979)
Net income attributable to noncontrolling interest397467285325381389
Net income (loss) available to common stockholders, diluted:4,0312,0136,1784,7085,035(35,590)

Comprehensive Income ($ in thousands)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
Net income (loss):3,6341,5465,8934,3834,654(35,979)
Comprehensive income (loss):3,6341,5465,8934,3834,654(35,979)
Comprehensive income, net of tax, attributable to noncontrolling interest397467285325381389
Comprehensive income (loss), net of tax, attributable to parent:4,0312,0136,1784,7085,035(35,590)

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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