SilverBow Resorces Inc. (SBOW) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
920 MEMORIAL CITY WAY HOUSTON, TX 77024 |
| 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)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 969 | 792 | 1,121 | 2,118 | 1,358 | 2,465 | |||
| Cash and cash equivalents | 969 | 792 | 1,121 | 2,118 | 1,358 | 2,465 | |||
| Receivables | 138,343 | 89,714 | 49,777 | 25,850 | 36,996 | 46,472 | |||
| Derivative instruments and hedges, assets | 116,549 | 52,549 | 2,806 | 4,821 | 12,833 | 15,261 | |||
| Other current assets | 5,590 | 2,671 | 1,875 | 2,184 | 2,121 | 2,126 | |||
| Total current assets: | 261,451 | 145,726 | 55,579 | 34,973 | 53,308 | 66,324 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 12,888 | 12,077 | 16,065 | 4,366 | 9,374 | ✕ | |||
| Property, plant and equipment | 2,373,919 | 1,525,179 | 741,968 | ||||||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 542,094 | 866,989 | 701,296 | ||||||
| Derivative instruments and hedges | 55,114 | 24,172 | 201 | 281 | 3,854 | 4,333 | |||
| Other noncurrent assets | 31,090 | 9,208 | 5,641 | 1,421 | 3,622 | 5,567 | |||
| Other undisclosed noncurrent assets | 22,669 | ||||||||
| Total noncurrent assets: | 2,473,011 | 1,570,636 | 763,875 | 548,162 | 906,508 | 711,196 | |||
| TOTAL ASSETS: | 2,734,462 | 1,716,362 | 819,454 | 583,135 | 959,816 | 777,520 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 98,816 | 60,200 | 35,034 | 26,991 | 39,343 | 48,921 | |||
| Taxes payable | ✕ | ✕ | ✕ | 3,314 | 1,819 | 1,413 | 3,583 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 7,029 | 3,771 | 4,601 | 4,785 | ||
| Accounts payable | 98,816 | 60,200 | 18,319 | 28,955 | 36,168 | ||||
| Accrued liabilities | 31,900 | 56,465 | 2,491 | 3,873 | 3,549 | ||||
| Other undisclosed accounts payable and accrued liabilities | (31,900) | (56,465) | 24,691 | 591 | 501 | 836 | |||
| Debt | 28,125 | ||||||||
| Derivative instruments and hedges, liabilities | 5,509 | 40,796 | 47,453 | 8,171 | 6,644 | 2,824 | |||
| Other liabilities | 20,425 | 27,160 | 23,577 | 11,098 | 9,166 | 14,681 | |||
| Other undisclosed current liabilities | 95,569 | 67,683 | 15,273 | 11,780 | 25,993 | 39,586 | |||
| Total current liabilities: | 248,444 | 195,839 | 121,337 | 58,040 | 81,146 | 106,012 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,173,766 | 688,531 | 381,915 | 424,905 | 472,900 | 387,988 | |||
| Long-term debt, excluding current maturities | 1,173,766 | 688,531 | 372,825 | 424,905 | 472,900 | 387,988 | |||
| Liabilities, other than long-term debt | 122,924 | 40,413 | 23,670 | 7,903 | 5,668 | 8,693 | |||
| Asset retirement obligations | 11,584 | 9,171 | 5,526 | 4,533 | 4,055 | 3,956 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,014 | ||
| Deferred income tax liabilities | 99,227 | 16,141 | 6,516 | ✕ | |||||
| Other liabilities | 710 | 3,588 | 3,043 | 424 | |||||
| Operating lease, liability | 8,899 | 3,775 | 9,090 | ✕ | |||||
| Derivative instruments and hedges, liabilities | 2,504 | 7,738 | 8,585 | 2,946 | 1,613 | 3,723 | |||
| Total noncurrent liabilities: | 1,296,690 | 728,944 | 405,585 | 432,808 | 478,568 | 396,681 | |||
| Total liabilities: | 1,545,134 | 924,783 | 526,922 | 490,848 | 559,714 | 502,693 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,189,328 | 791,579 | 292,532 | 91,033 | 395,707 | 274,827 | |||
| Common stock | 259 | 227 | 168 | 121 | 119 | 118 | |||
| Treasury stock, value | (10,617) | (7,534) | (2,984) | (2,372) | (2,282) | (1,870) | |||
| Additional paid in capital | 679,202 | 576,118 | 413,017 | 297,712 | 292,916 | 286,281 | |||
| Retained earnings (accumulated deficit) | 520,484 | 222,768 | (117,669) | (204,428) | 104,954 | (9,702) | |||
| Total equity: | 1,189,328 | 791,579 | 292,532 | 91,033 | 395,707 | 274,827 | |||
| Other undisclosed liabilities and equity | 1,254 | 4,395 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 2,734,462 | 1,716,362 | 819,454 | 583,135 | 959,816 | 777,520 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 652,358 | 753,420 | 407,200 | 177,386 | 288,631 | 257,286 | ||
| Gain (loss) on disposition of assets for financial service operations | 241,309 | (73,885) | (123,018) | 61,304 | 24,242 | (9,777) | ||
| Gross profit: | 652,358 | 753,420 | 407,200 | 177,386 | 288,631 | 257,286 | ||
| Operating expenses | (432,416) | (287,645) | (161,906) | (496,005) | (183,328) | (143,909) | ||
| Operating income (loss): | 219,942 | 465,775 | 245,294 | (318,619) | 105,303 | 113,377 | ||
| Nonoperating income (expense) | 241,506 | (73,790) | (123,008) | 61,376 | 24,332 | (10,168) | ||
| Investment income, nonoperating | 241,309 | (73,885) | (123,018) | 61,304 | 24,242 | (9,777) | ||
| Interest and debt expense | (80,119) | (41,948) | (29,129) | (31,228) | (36,561) | (27,666) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 381,329 | 350,037 | 93,157 | (288,471) | 93,074 | 75,543 | ||
| Other undisclosed loss from continuing operations before income taxes | ||||||||
| Income (loss) from continuing operations before income taxes: | 381,329 | 350,037 | 93,157 | (288,471) | 93,074 | 75,543 | ||
| Income tax expense (benefit) | (83,613) | (9,600) | (6,398) | (20,911) | 21,582 | (928) | ||
| Income (loss) from continuing operations: | 297,716 | 340,437 | 86,759 | (309,382) | 114,656 | 74,615 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 86,759 | (309,382) | 114,656 | 74,615 | |
| Net income (loss) available to common stockholders, diluted: | 297,716 | 340,437 | 86,759 | (309,382) | 114,656 | 74,615 | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 297,716 | 340,437 | 86,759 | (309,382) | 114,656 | 74,615 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 297,716 | 340,437 | 86,759 | (309,382) | 114,656 | 74,615 | ||
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.