Legacy Reserves Inc. (LGCY) financial statements (2021 and earlier)

Company profile

Business Address 303 W. WALL STREET, SUITE 1800
MIDLAND, TX 79701
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 millions)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments131117
Cash and cash equivalents131117
Receivables1314161515
Derivative instruments and hedges, assets4 106719
Other undisclosed current assets6466776868
Total current assets:9481105151108
Noncurrent Assets
Finance lease, right-of-use asset11 
Operating lease, right-of-use asset33 
Property, plant and equipment(13)(13)(2)(12)(12)
Oil and gas property, successful effort method1,1791,2761,3061,3141,333
Intangible assets, net (including goodwill)   11
Intangible assets, net (excluding goodwill)   11
Derivative instruments and hedges   33
Other noncurrent assets12334
Other undisclosed noncurrent assets151591515
Total noncurrent assets:1,1871,2851,3161,3241,343
TOTAL ASSETS:1,2811,3661,4201,4751,452
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities836110511091
Accounts payable9329118
Accrued liabilities7459769983
Debt563570883857527
Derivative instruments and hedges, liabilities0 2 39
Asset retirement obligation44443
Other liabilities369181443
Total current liabilities:6876441,013985704
Noncurrent Liabilities
Long-term debt and lease obligation  416433756
Long-term debt, excluding current maturities  416433756
Liabilities, other than long-term debt258256254250274
Asset retirement obligations256253251249261
Other liabilities23311
Derivative instruments and hedges, liabilities   112
Total noncurrent liabilities:2582566706831,030
Other undisclosed liabilities790787   
Total liabilities:1,7351,6871,6831,6681,734
Stockholders' equity
Stockholders' equity attributable to parent(454)(322)(263)(193)(282)
Common stock11111
Additional paid in capital4137332513
Accumulated deficit(496)(359)(297)(218)(296)
Total stockholders' equity:(454)(322)(263)(193)(282)
TOTAL LIABILITIES AND EQUITY:1,2811,3661,4201,4751,452

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Revenues98118118133145
Cost of revenue(91)(94)(93)(101)(99)
Cost of goods and services sold(45)(46)(47)  
Gross profit:724263247
Operating expenses(112)(37)(28)(16)(44)
Operating income (loss):(105)(14)(3)162
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
00(0)00
Interest and debt expense(15)(53)(24)(29)(17)
Loss from continuing operations before equity method investments, income taxes:(120)(67)(27)(13)(14)
Income (loss) from equity method investments(0)0 (0)(0)
Other undisclosed income (loss) from continuing operations before income taxes(17)4(51)91(31)
Income (loss) from continuing operations before income taxes:(136)(63)(78)78(45)
Income tax expense (benefit)(0)  0(2)
Net income (loss) available to common stockholders, diluted:(136)(63)(78)78(48)

Comprehensive Income ($ in millions)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Net income (loss):(136)(63)(78)78(48)
Comprehensive income (loss), net of tax, attributable to parent:(136)(63)(78)78(48)

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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