Rex Energy Corp (REXX) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
366 WALKER DRIVE STATE COLLEGE, PA 16801 |
| 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) ($ in thousands)
| 6/30/2018 MRQ | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 15,247 | 3,697 | 1,091 | 17,978 | 1,900 | 43,975 | |||
| Cash and cash equivalents | 15,247 | 3,697 | 1,091 | 17,978 | 1,900 | 43,975 | |||
| Receivables | 28,023 | 25,659 | 19,501 | 44,440 | 38,863 | 24,980 | |||
| Derivative instruments and hedges, assets | 8,008 | 1,873 | 34,260 | 29,265 | 5,668 | 12,005 | |||
| Disposal group, including discontinued operation | 34,257 | ||||||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,316 | ||
| Assets held-for-sale | ✕ | ✕ | ✕ | ✕ | ✕ | 2,279 | |||
| Income taxes receivable | ✕ | ✕ | ✕ | ✕ | ✕ | 5,189 | 6,429 | ||
| Deferred tax assets | (8,301) | 3,451 | (539) | ||||||
| Other undisclosed current assets | 4,614 | 2,546 | 3,829 | 11,704 | 2,207 | 539 | |||
| Total current assets: | 55,892 | 33,775 | 58,681 | 129,343 | 57,278 | 90,984 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 884,352 | 855,444 | 1,001,215 | 1,224,208 | 902,882 | 654,015 | |||
| Oil and gas property, successful effort method | 1,401,452 | ||||||||
| Long-term investments and receivables | 17,895 | 18,708 | 16,978 | ||||||
| Long-term investments | 17,895 | 18,708 | 16,978 | ||||||
| Derivative instruments and hedges | 1,719 | 2,212 | 9,534 | 4,904 | 535 | 704 | |||
| Other noncurrent assets | 44 | 2,492 | 17,070 | ✕ | |||||
| Deferred tax assets, net | 12,532 | 8,301 | (29,446) | (23,625) | |||||
| Other undisclosed noncurrent assets | 130 | 16,544 | (1,401,452) | 41,439 | 33,654 | ||||
| Total noncurrent assets: | 886,245 | 860,148 | 1,039,825 | 1,272,378 | 934,118 | 681,726 | |||
| TOTAL ASSETS: | 942,137 | 893,923 | 1,098,506 | 1,401,721 | 991,396 | 772,710 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 107,572 | 77,919 | 82,200 | 112,818 | 85,553 | 53,555 | |||
| Accounts payable | 62,354 | 40,712 | 37,874 | 53,340 | 31,103 | 31,134 | |||
| Accrued liabilities | 45,218 | 37,207 | 44,326 | 59,478 | 54,450 | 22,421 | |||
| Debt | 834,325 | 764 | 590 | 1,176 | 6,743 | 1,686 | |||
| Derivative instruments and hedges, liabilities | 14,892 | 25,025 | 2,486 | 421 | 4,663 | 1,389 | |||
| Disposal group, including discontinued operation | 52 | ||||||||
| Deferred tax liabilities | 12,532 | 8,301 | 539 | ||||||
| Other undisclosed current liabilities | 25,115 | (1,686) | |||||||
| Total current liabilities: | 956,789 | 103,708 | 97,808 | 147,831 | 96,959 | 55,535 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 8,156 | 755,355 | 788,872 | 677,976 | 415,269 | 249,249 | |||
| Long-term debt, excluding current maturities | 8,156 | 113,785 | 111,528 | 251 | 62,191 | 991 | |||
| Other undisclosed long-term debt and lease obligation | 641,570 | 677,344 | 677,725 | 353,078 | 248,258 | ||||
| Liabilities, other than long-term debt | 30,754 | 24,634 | 51,595 | 44,541 | 62,243 | 49,957 | |||
| Asset retirement obligations | 9,352 | 8,736 | 42,883 | 38,146 | 26,040 | 24,822 | |||
| Deferred tax liabilities, net | 29,446 | 23,625 | |||||||
| Other liabilities | 7,153 | 8,671 | 3,156 | 4,018 | 4,992 | ||||
| Derivative instruments and hedges, liabilities | 14,249 | 7,227 | 5,556 | 2,377 | 1,765 | 1,510 | |||
| Other undisclosed noncurrent liabilities | 5,675 | ||||||||
| Total noncurrent liabilities: | 38,910 | 779,989 | 840,467 | 722,517 | 477,512 | 304,881 | |||
| Total liabilities: | 995,699 | 883,697 | 938,275 | 870,348 | 574,471 | 360,416 | |||
| Equity | |||||||||
| Equity, attributable to parent | (53,562) | 10,226 | 160,231 | 527,132 | 414,883 | 411,519 | |||
| Preferred stock | 1 | 1 | 1 | 1 | |||||
| Common stock | 10 | 95 | 54 | 54 | 54 | 52 | |||
| Additional paid in capital | 652,917 | 650,584 | 623,863 | 617,826 | 456,554 | 451,062 | |||
| Accumulated deficit | (706,490) | (640,454) | (463,687) | (90,749) | (41,725) | (39,595) | |||
| Equity, attributable to noncontrolling interest | 4,241 | 2,042 | 775 | ||||||
| Total equity: | (53,562) | 10,226 | 160,231 | 531,373 | 416,925 | 412,294 | |||
| TOTAL LIABILITIES AND EQUITY: | 942,137 | 893,923 | 1,098,506 | 1,401,721 | 991,396 | 772,710 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 205,266 | 139,017 | 171,993 | 297,398 | 237,931 | 148,139 | ||
| Revenue, net | 205,266 | 139,017 | 171,993 | 297,987 | 237,931 | 148,139 | ||
| Financial services revenue | (589) | 6,211 | 100,551 | |||||
| Cost of revenue (Cost of Goods and Services Sold) | (109,200) | (91,700) | (79,500) | (155,682) | (62,138) | (47,638) | ||
| Gross profit: | 96,066 | 47,317 | 92,493 | 141,716 | 175,793 | 100,501 | ||
| Operating expenses | (218,773) | (271,624) | (607,082) | (373,728) | (222,257) | (151,221) | ||
| Other operating expense, net | (134) | (592) | ||||||
| Other undisclosed operating income | 109,200 | 91,700 | 79,500 | 156,405 | 62,730 | 47,638 | ||
| Operating income (loss): | (13,507) | (132,607) | (435,089) | (75,741) | 15,674 | (3,082) | ||
| Nonoperating income (expense) | (53,463) | (62,594) | 11,844 | 1,176 | (19,800) | 109,559 | ||
| Investment income, nonoperating | (1,347) | (32,515) | 60,176 | 38,876 | (2,908) | 10,687 | ||
| Other nonoperating income (expense) | (261) | (2,124) | (115) | 90 | 6,653 | 98,872 | ||
| Interest and debt expense | (3,029) | 24,627 | (47,806) | (36,977) | (22,782) | (6,443) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 3,029 | (24,627) | 36,977 | 21,225 | (5,063) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (66,970) | (195,201) | (471,051) | (74,565) | (5,683) | 94,971 | ||
| Loss from equity method investments | (411) | (813) | (763) | (3,921) | ||||
| Other undisclosed income from continuing operations before income taxes | 48,217 | 813 | 2,320 | 4,740 | ||||
| Income (loss) from continuing operations before income taxes: | (66,970) | (195,201) | (423,245) | (74,565) | (4,126) | 95,790 | ||
| Income tax expense (benefit) | 2,728 | (2,436) | 24,227 | 26,915 | 3,785 | (38,549) | ||
| Income (loss) from continuing operations: | (64,242) | (197,637) | (399,018) | (47,650) | (341) | 57,241 | ||
| Income (loss) before gain (loss) on sale of properties: | (64,242) | (176,715) | (361,033) | (42,650) | (341) | 57,241 | ||
| Income from discontinued operations | 20,922 | 37,985 | 5,000 | |||||
| Other undisclosed net loss | (232) | (10,943) | ||||||
| Net income (loss): | (64,242) | (176,715) | (361,033) | (42,650) | (573) | 46,298 | ||
| Net loss attributable to noncontrolling interest | (2,245) | (4,039) | (1,557) | (819) | ||||
| Net income (loss) attributable to parent: | (64,242) | (176,715) | (363,278) | (46,689) | (2,130) | 45,479 | ||
| Preferred stock dividends and other adjustments | (2,392) | (78,075) | (9,660) | (2,335) | ||||
| Other undisclosed net income available to common stockholders, basic | 145,968 | |||||||
| Net income (loss) available to common stockholders, diluted: | (66,634) | (108,822) | (372,938) | (49,024) | (2,130) | 45,479 | ||
Comprehensive Income ($ in thousands)
| 6/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (64,242) | (176,715) | (361,033) | (42,650) | (573) | 46,298 | ||
| Comprehensive income (loss): | (64,242) | (176,715) | (361,033) | (42,650) | (573) | 46,298 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (2,245) | (4,039) | 1,557 | 819 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (64,242) | (176,715) | (363,278) | (46,689) | 984 | 47,117 | ||
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.