Linnco LLC (LNCO) Financial Statements (2024 and earlier)

Company Profile

Business Address 600 TRAVIS
HOUSTON, TX 77002
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) (USD)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments847,00011,023,00011,023,0006,451,0006,029,0005,547,000
Cash and cash equivalents847,00011,023,00011,023,0006,451,0006,029,0005,547,000
Receivables6,296,0006,472,0007,414,00012,434,00012,758,00012,723,000
Deferred costs  785,000  632,000450,000
Deferred tax assets   2,508,0001,843,00037,413,00040,583,000
Total current assets:7,143,00018,280,00020,945,00020,728,00056,832,00059,303,000
Noncurrent Assets
Long-term investments and receivables 10,407,000  345,784,0001,049,243,0001,211,478,000
Long-term investments 10,407,000  345,784,0001,049,243,0001,211,478,000
Deferred tax assets, net   16,463,00012,364,000  
Total noncurrent assets: 10,407,000 16,463,000358,148,0001,049,243,0001,211,478,000
TOTAL ASSETS:17,550,00018,280,00037,408,000378,876,0001,106,075,0001,270,781,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities13,200,00023,950,00030,402,0008,800,0008,649,000317,000
Taxes payable13,000,00022,578,00029,829,0007,792,0007,751,000 
Accounts payable200,0001,372,000573,0001,008,000898,000317,000
Total current liabilities:13,200,00023,950,00030,402,0008,800,0008,649,000317,000
Noncurrent Liabilities
Liabilities, other than long-term debt     19,550,00043,661,000
Accounts payable and accrued liabilities      7,810,000
Deferred tax liabilities, net     19,550,00035,851,000
Total noncurrent liabilities:     19,550,00043,661,000
Total liabilities:13,200,00023,950,00030,402,0008,800,00028,199,00043,978,000
Equity
Equity, attributable to parent, including:4,350,000(5,670,000)7,006,000370,076,0001,077,876,0001,226,803,000
Additional paid in capital46,934,00044,440,00042,723,00042,121,00041,786,00040,704,000
Accumulated deficit(3,953,918,000)(3,918,433,000)(3,904,040,000)(3,540,368,000)(2,832,233,000)(2,682,224,000)
Other undisclosed equity, attributable to parent3,911,334,0003,868,323,0003,868,323,0003,868,323,0003,868,323,0003,868,323,000
Total equity:4,350,000(5,670,000)7,006,000370,076,0001,077,876,0001,226,803,000
TOTAL LIABILITIES AND EQUITY:17,550,00018,280,00037,408,000378,876,0001,106,075,0001,270,781,000

Income Statement (P&L) (USD)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Operating expenses(1,143,000)(933,000)(603,000)(965,000)(901,000)(976,000)
Operating loss:(1,143,000)(933,000)(603,000)(965,000)(901,000)(976,000)
Loss from continuing operations before equity method investments, income taxes:(1,143,000)(933,000)(603,000)(965,000)(901,000)(976,000)
Loss from equity method investments(34,625,000) (345,784,000)(663,276,000)(122,052,000)(50,492,000)
Other undisclosed loss from continuing operations before income taxes(200,000)     
Loss from continuing operations before income taxes:(35,968,000)(933,000)(346,387,000)(664,241,000)(122,953,000)(51,468,000)
Income tax expense (benefit)483,000(13,460,000)(17,285,000)(3,712,000)13,127,00018,493,000
Loss from continuing operations:(35,485,000)(14,393,000)(363,672,000)(667,953,000)(109,826,000)(32,975,000)
Loss before gain (loss) on sale of properties:(35,485,000)(14,393,000)(363,672,000)(667,953,000)(109,826,000)(32,975,000)
Net loss available to common stockholders, diluted:(35,485,000)(14,393,000)(363,672,000)(667,953,000)(109,826,000)(32,975,000)

Comprehensive Income (USD)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Net loss:(35,485,000)(14,393,000)(363,672,000)(667,953,000)(109,826,000)(32,975,000)
Comprehensive loss, net of tax, attributable to parent:(35,485,000)(14,393,000)(363,672,000)(667,953,000)(109,826,000)(32,975,000)

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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