Viking Energy Group, Inc. (SBAT) financial statements (2021 and earlier)

Company profile

Business Address 15915 KATY FREEWAY
HOUSTON, TX 77094
State of Incorp. NV
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments86460 
Cash and cash equivalents86460 
Restricted cash and investments44    
Receivables43010 
Prepaid expense 00 00
Other undisclosed current assets(4)(4)    
Total current assets:1294700
Noncurrent Assets
Property, plant and equipment0     
Oil and gas property, successful effort method(14)     
Oil and gas property, full cost method1021201323931
Long-term investments and receivables    0 
Long-term investments    0 
Derivative instruments and hedges 11   
Other undisclosed noncurrent assets15200  
Total noncurrent assets:1041231333931
TOTAL ASSETS:1161321374631
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities45430 
Accounts payable44330 
Accrued liabilities 22   
Debt3319(12)(4)(1)0
Deferred compensation liability   (0)(0) 
Derivative instruments and hedges, liabilities1     
Due to related parties  0111
Other undisclosed current liabilities91027104 
Total current liabilities:4734201041
Noncurrent Liabilities
Long-term debt and lease obligation     0
Long-term debt, excluding current maturities     0
Liabilities, other than long-term debt, including:  92102 
Other undisclosed liabilities, other than long-term debt  92102 
Other undisclosed noncurrent liabilities8589441 
Total noncurrent liabilities:8589961420
Total liabilities:1321231162461
Stockholders' equity
Stockholders' equity attributable to parent, including:(16)92123(3)(1)
Preferred stock00000 
Common stock00000 
Additional paid in capital76393219128
Accumulated other comprehensive loss    (0) 
Retained earnings (accumulated deficit)(92)(30)(11)3(14) 
Other undisclosed stockholders' equity attributable to parent   (0)(0)(9)
Total stockholders' equity:(16)92123(3)(1)
TOTAL LIABILITIES AND EQUITY:116132137463(1)

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4035820 
Revenue, net20 
Cost of revenue
(Cost of Goods and Services Sold)
   (2)(0) 
Gross profit:40358(0)(0) 
Operating expenses(82)(30)(15)(9)(4)(0)
Other undisclosed operating income    0 
Operating income (loss):(42)5(7)(9)(3)(0)
Nonoperating income (expense)(22)(24)(9)27(2) 
Investment income, nonoperating   27  
Interest and debt expense113(0)(0)(1) 
Income (loss) from continuing operations before income taxes:(63)(6)(16)18(7)(0)
Income tax expense (benefit) 41(1)  
Income (loss) before gain (loss) on sale of properties:(63)(2)(15)17(7)(0)
Other undisclosed net loss (17)    
Net income (loss):(63)(19)(15)17(7)(0)
Other undisclosed net income (loss) attributable to parent(1) 011(2)
Net income (loss) available to common stockholders, diluted:(64)(19)(15)18(5)(2)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(63)(19)(15)17(7)(0)
Comprehensive income (loss):(63)(19)(15)17(7)(0)
Other undisclosed comprehensive income, net of tax, attributable to parent  011 
Comprehensive income (loss), net of tax, attributable to parent:(63)(19)(15)18(5)(0)

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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