Miller Energy Resources Inc (MILL) Financial Statements (2024 and earlier)

Company Profile

Business Address 9721 COGDILL ROAD
KNOXVILLE, TN 37932
State of Incorp. TN
Fiscal Year End April 30
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

1/31/2015
Q3
10/31/2014
Q2
7/31/2014
Q1
4/30/2014
Q4
1/31/2014
Q3
10/31/2013
Q2
7/31/2013
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,4843,7195,74913,18421,8853,125
Cash and cash equivalents14,4843,7195,74913,18421,8853,125
Receivables8,2286,1886,4091,1375,8388,008
Inventory, net of allowances, customer advances and progress billings7,7789,8395,1024,9442,1912,518
Inventory7,7789,8395,1024,9442,1912,518
Assets held-for-sale5,308236236   
Deferred tax assets 2,666     
Other undisclosed current assets52,03159,44253,74032,20011,20126,477
Total current assets:90,49579,42471,23651,46541,11540,128
Noncurrent Assets
Property, plant and equipment54,23040,06435,36934,86035,83842,460
Oil and gas property, successful effort method362,555635,655644,827568,808554,683503,822
Restricted cash and investments14,36413,58012,07512,00711,97811,196
Deferred costs2,3852,6038031,6071,7234,386
Other noncurrent assets7838226641,809564556
Other undisclosed noncurrent assets4,0071,8481,848542542542
Total noncurrent assets:438,324694,572695,586619,633605,328562,962
TOTAL ASSETS:528,819773,996766,822671,098646,443603,090
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities66,00156,66759,28259,06535,53534,193
Accounts payable47,25245,22838,83640,53821,31427,279
Accrued liabilities18,74911,43920,44618,52714,2216,914
Debt24,6728,4019,459 6,0006,000
Derivative instruments and hedges, liabilities    1,7582,8631,707
Asset retirement obligation 1,494     
Disposal group, including discontinued operation1,495     
Deferred tax liabilities 5,060    
Other liabilities   2,858   
Other undisclosed current liabilities (1,494)5,6973,315   
Total current liabilities:92,16875,82574,91460,82344,39841,900
Noncurrent Liabilities
Long-term debt and lease obligation, including:194,346196,872174,74374,26868,00651,577
Long-term debt, excluding current maturities212,923196,872174,74374,26868,00651,577
Capital lease obligations2,9513,138    
Other undisclosed long-term debt and lease obligation(21,528)(3,138)    
Liabilities, other than long-term debt42,502153,614162,640170,009171,909174,757
Asset retirement obligations22,27623,37222,87220,96720,47220,192
Deferred tax liabilities, net20,197130,217139,768145,890147,974152,911
Other liabilities2925    
Derivative instruments and hedges, liabilities    3,1523,4631,654
Other undisclosed noncurrent liabilities  6,9644,006   
Total noncurrent liabilities:236,848357,450341,389244,277239,915226,334
Total liabilities:329,016433,275416,303305,100284,313268,234
Equity
Equity, attributable to parent, including:130,649272,267282,759298,901300,251281,193
Preferred stock49,79131,71130,04129,88523,12553,663
Common stock554444
Additional paid in capital109,829102,24798,78897,84594,13189,913
Retained earnings (accumulated deficit)(28,976)143,304158,926176,167182,991191,276
Other undisclosed equity, attributable to parent  (5,000)(5,000)(5,000) (53,663)
Total equity:130,649272,267282,759298,901300,251281,193
Other undisclosed liabilities and equity69,15468,45467,76067,09761,87953,663
TOTAL LIABILITIES AND EQUITY:528,819773,996766,822671,098646,443603,090

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

1/31/2015
Q3
10/31/2014
Q2
7/31/2014
Q1
4/30/2014
Q4
1/31/2014
Q3
10/31/2013
Q2
7/31/2013
Q1
Revenues24,17625,37922,12616,62818,79613,008
Revenue, net24,17625,37922,12616,62818,79613,008
Cost of revenue(10,130)(10,922)(7,840)(6,077)(6,467)(6,549)
Cost of goods and services sold(9,805)(10,582)(7,537)(5,821)(6,163)(6,265)
Gross profit:14,04614,45714,28610,55112,3296,459
Operating expenses(329,333)(35,002)(15,775)(23,213)(23,079)(19,184)
Other undisclosed operating income10,13010,9227,8406,0776,4676,549
Operating income (loss):(305,157)(9,623)6,351(6,585)(4,283)(6,176)
Nonoperating income (expense)19,503(9,580)(23,146)1,312(5,555)(5,371)
Investment income, nonoperating23,089(6,903)(4,590)1,677(4,190)(3,076)
Loss from continuing operations before income taxes:(285,654)(19,203)(16,795)(5,273)(9,838)(11,547)
Income tax benefit117,7467,3493,2462,1714,8504,619
Loss from continuing operations:(167,908)(11,854)(13,549)(3,102)(4,988)(6,928)
Loss before gain (loss) on sale of properties:(167,908)(11,854)(13,549)(3,102)(4,988)(6,928)
Net loss attributable to parent:(167,908)(11,854)(13,549)(3,102)(4,988)(6,928)
Preferred stock dividends and other adjustments(3,459)(2,946)(971)(3,722)(3,297)(2,489)
Other undisclosed net loss available to common stockholders, basic(913)(822)(2,721)   
Net loss available to common stockholders, diluted:(172,280)(15,622)(17,241)(6,824)(8,285)(9,417)

Comprehensive Income ($ in thousands)

1/31/2015
Q3
10/31/2014
Q2
7/31/2014
Q1
4/30/2014
Q4
1/31/2014
Q3
10/31/2013
Q2
7/31/2013
Q1
Net loss:(167,908)(11,854)(13,549)(3,102)(4,988)(6,928)
Comprehensive loss, net of tax, attributable to parent:(167,908)(11,854)(13,549)(3,102)(4,988)(6,928)

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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