Contango Oil & Gas Company (MCF) financial statements (2021 and earlier)

Company profile

Business Address 717 TEXAS AVENUE
HOUSTON, TX 77002
State of Incorp. TX
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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22     
Cash and cash equivalents22     
Receivables40111012121111
Inventory, net of allowances, customer advances and progress billings0      
Inventory0      
Prepaid expense1110112
Derivative instruments and hedges, assets4321500
Disposal group, including discontinued operation     2 
Other current assets01500   
Total current assets:46321413171413
Noncurrent Assets
Property, plant and equipment291242232228233271340
Other noncurrent assets1687671920
Total noncurrent assets:307250239235240290360
TOTAL ASSETS:354282253248257304372
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:105634832405342
Accounts payable1412123385
Other undisclosed accounts payable and accrued liabilities91503629364537
Debt  606660  
Derivative instruments and hedges, liabilities4001033
Asset retirement obligation2111111
Disposal group, including discontinued operation     1 
Total current liabilities:111631091001015846
Noncurrent Liabilities
Long-term debt and lease obligation7628   8281
Long-term debt, excluding current maturities7328   8281
Finance lease, liability1   
Operating lease, liability2   
Liabilities, other than long-term debt52161516152224
Asset retirement obligations50121212121820
Other liabilities 443334
Derivative instruments and hedges, liabilities2    11
Other undisclosed noncurrent liabilities     2 
Total noncurrent liabilities:12744151615106105
Total liabilities:238107124115117164151
Stockholders' equity
Stockholders' equity attributable to parent116175128133140140221
Preferred stock00     
Common stock5322211
Treasury stock, value(0) (129)(129)(129)(129)(129)
Additional paid in capital472394342341340306306
Retained earnings (accumulated deficit)(361)(223)(86)(81)(72)(38)43
Total stockholders' equity:116175128133140140221
TOTAL LIABILITIES AND EQUITY:354282253248257304372

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues37131314192018
Cost of revenue(125)(1)(1)(1)(27)(73)(1)
Gross profit:(88)111213(8)(53)18
Operating expenses(43)(20)(18)(18)(20)(26)(22)
Operating loss:(131)(9)(6)(5)(29)(79)(4)
Nonoperating income (expense)(8)12(4)(5)(2)(3)
Other nonoperating income (expense)110(0)000
Interest and debt expense(5)(1)(1)(1)(1)(1)(1)
Loss from continuing operations before equity method investments, income taxes:(144)(9)(6)(10)(35)(83)(8)
Other undisclosed income from continuing operations before income taxes5111111
Loss from continuing operations before income taxes:(139)(8)(5)(9)(34)(82)(7)
Income tax expense (benefit)0(0)(0)(0)00(0)
Net loss available to common stockholders, diluted:(138)(8)(5)(9)(34)(82)(7)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net loss:(138)(8)(5)(9)(34)(82)(7)
Comprehensive loss, net of tax, attributable to parent:(138)(8)(5)(9)(34)(82)(7)

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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