Lilis Energy, Inc. (LLEX) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1600 WEST 7TH STREET FORT WORTH, TX 76102 |
| State of Incorp. | |
| 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)
| 9/30/2020 MRQ | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,753 | 21,137 | 17,462 | 11,738 | 110 | 510 | |||
| Cash and cash equivalents | 3,753 | 21,137 | 17,462 | 11,738 | 110 | 510 | |||
| Restricted cash and investments | 4 | 184 | |||||||
| Receivables | 18,146 | 20,546 | 7,426 | 2,247 | 952 | 832 | |||
| Prepaid expense | 75 | 54 | |||||||
| Derivative instruments and hedges, assets | 427 | 2,551 | |||||||
| Other undisclosed current assets | 4,438 | 1,851 | 584 | 767 | |||||
| Total current assets: | 26,764 | 46,085 | 25,472 | 14,752 | 1,141 | 1,579 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,722 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 229,276 | 430,903 | (18,508) | ||||||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 3 | ||||||||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 170,305 | 38,499 | 523 | 30,646 | |||||
| Restricted cash and investments | 216 | ||||||||
| Deferred costs | 60 | ||||||||
| Other noncurrent assets | 837 | 2,265 | 349 | ||||||
| Other undisclosed noncurrent assets | 3,785 | 167 | 268 | 18,230 | |||||
| Total noncurrent assets: | 231,835 | 434,688 | 170,472 | 38,767 | 2,787 | 30,995 | |||
| TOTAL ASSETS: | 258,599 | 480,773 | 195,944 | 53,519 | 3,928 | 32,575 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 38,806 | 61,906 | 24,345 | 8,680 | 4,287 | 2,225 | |||
| Interest and dividends payable | 808 | ||||||||
| Accounts payable | 24,834 | 47,112 | 10,488 | 5,166 | 1,332 | 976 | |||
| Accrued liabilities | 13,972 | 14,794 | 13,857 | 2,706 | 2,955 | 1,249 | |||
| Deferred revenue | 11,442 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 115,000 | 11 | 17 | 7,520 | |||||
| Derivative instruments and hedges, liabilities | 5,044 | 515 | 853 | 6 | |||||
| Asset retirement obligation | 11 | 226 | 338 | 208 | 200 | ||||
| Other undisclosed current liabilities | 14,535 | 4,815 | 5,714 | ||||||
| Total current liabilities: | 170,292 | 76,967 | 25,435 | 9,035 | 16,836 | 8,139 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,323 | 157,804 | 127,794 | 30,226 | 7 | ||||
| Long-term debt, excluding current maturities | 157,804 | 127,794 | 30,226 | 7 | |||||
| Liabilities, other than long-term debt | 40,343 | 7,132 | 73,663 | 2,319 | 208 | 1,450 | |||
| Deferred revenue | 36,920 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Asset retirement obligations | 3,423 | 2,433 | 726 | 919 | 208 | 200 | |||
| Operating lease, liability | 1,323 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Derivative instruments and hedges, liabilities | 4,699 | 72,937 | 1,400 | 1,249 | |||||
| Other undisclosed noncurrent liabilities | 39,268 | 52,513 | 56 | 7,227 | |||||
| Total noncurrent liabilities: | 80,934 | 217,449 | 201,457 | 32,545 | 264 | 8,683 | |||
| Total liabilities: | 251,226 | 294,416 | 226,892 | 41,580 | 17,099 | 16,822 | |||
| Temporary equity, carrying amount | 173,025 | 1,874 | |||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (238,158) | 13,332 | (30,948) | 10,065 | (14,344) | 14,066 | |||
| Preferred stock | 6,794 | 6,794 | |||||||
| Common stock | 9 | 7 | 5 | 2 | 3 | 3 | |||
| Treasury stock, value | (997) | (997) | |||||||
| Additional paid in capital | 342,382 | 321,753 | 272,335 | 219,837 | 159,769 | 155,098 | |||
| Accumulated deficit | (579,552) | (307,431) | (303,288) | (223,206) | (180,910) | (147,828) | |||
| Other undisclosed equity, attributable to parent | 13,432 | ||||||||
| Other undisclosed equity | 245,531 | 1,173 | 1,686 | ||||||
| Total equity: | 7,373 | 13,332 | (30,948) | 10,065 | (13,171) | 15,752 | |||
| TOTAL LIABILITIES AND EQUITY: | 258,599 | 480,773 | 195,944 | 53,519 | 3,928 | 32,575 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 66,063 | 70,216 | 21,612 | 3,435 | 396 | 3,140 | ||
| Revenue, net | ✕ | ✕ | ✕ | 21,612 | 3,435 | 104 | 548 | |
| Cost of revenue | (8,106) | (1,247) | (223) | |||||
| Cost of goods and services sold | (7,023) | (1,247) | (195) | |||||
| Gross profit: | 66,063 | 70,216 | 13,506 | 2,188 | 173 | 3,140 | ||
| Operating expenses | (313,336) | (79,562) | (67,485) | (20,986) | (32,992) | (14,027) | ||
| Other undisclosed operating income (loss) | 167 | (1,130) | ||||||
| Operating loss: | (247,273) | (9,346) | (53,979) | (18,631) | (32,819) | (12,017) | ||
| Nonoperating income (expense) | (24,848) | 5,203 | (26,103) | (14,212) | 458 | (15,172) | ||
| Other nonoperating income (expense) | 435 | 2 | 18 | 90 | 458 | (16,422) | ||
| Interest and debt expense | (1,299) | (20,370) | (1,886) | (4,200) | (1,697) | (6,025) | ||
| Loss from continuing operations before equity method investments, income taxes: | (273,420) | (24,513) | (81,968) | (37,043) | (34,058) | (33,214) | ||
| Other undisclosed income from continuing operations before income taxes | 1,299 | 20,370 | 1,886 | |||||
| Loss from continuing operations before income taxes: | (272,121) | (4,143) | (80,082) | (37,043) | (34,058) | (33,214) | ||
| Income tax expense (benefit) | 6,987 | (33,638) | 5,616 | |||||
| Income (loss) from continuing operations: | (272,121) | 2,844 | (113,720) | (37,043) | (34,058) | (27,598) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (272,121) | 2,844 | (113,720) | (37,043) | (34,058) | (27,598) | |
| Other undisclosed net income (loss) | 977 | (4,702) | ||||||
| Net income (loss): | (272,121) | 2,844 | (113,720) | (37,043) | (33,081) | (32,300) | ||
| Other undisclosed net income (loss) attributable to parent | (6,987) | 33,638 | 4,200 | 720 | 3,861 | |||
| Net loss attributable to parent: | (272,121) | (4,143) | (80,082) | (32,843) | (32,361) | (28,439) | ||
| Preferred stock dividends and other adjustments | (25,397) | (10,687) | (122) | (407) | (1,690) | |||
| Other undisclosed net loss available to common stockholders, basic | (4,635) | (9,046) | ||||||
| Net loss available to common stockholders, basic: | (297,518) | (14,830) | (84,839) | (42,296) | (32,361) | (30,129) | ||
| Interest on convertible debt | 13,429 | |||||||
| Other undisclosed net loss available to common stockholders, diluted | (35,471) | |||||||
| Net loss available to common stockholders, diluted: | (297,518) | (36,872) | (84,839) | (42,296) | (32,361) | (30,129) | ||
Comprehensive Income ($ in thousands)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (272,121) | 2,844 | (113,720) | (37,043) | (33,081) | (32,300) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (272,121) | 2,844 | (113,720) | (37,043) | (33,081) | (32,300) | ||
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.