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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1022,1677921,9249,4081,645
Cash and cash equivalents1,1022,1677921,9249,4081,645
Receivables64,58763,94089,714102,691110,09346,095
Derivative instruments and hedges, assets72,59079,97952,54933,20510,0941,679
Other current assets3,9352,6722,6716,4687,2012,164
Total current assets:142,214148,758145,726144,288136,79651,583
Noncurrent Assets
Operating lease, right-of-use asset9,43510,22912,07713,66916,70516,163
Property, plant and equipment1,658,7591,590,6541,525,1791,386,1781,282,984760,339
Derivative instruments and hedges21,90326,64524,17227,4105,82976
Other noncurrent assets8,1598,6469,20818,36810,0413,629
Other undisclosed noncurrent assets      
Total noncurrent assets:1,698,2561,636,1741,570,6361,445,6251,315,559780,207
TOTAL ASSETS:1,840,4701,784,9321,716,3621,589,9131,452,355831,790
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:104,19096,86360,200156,829119,82561,619
Interest and dividends payable2,3851,420862
Taxes payable16,35212,6876,003
Employee-related liabilities3,7752,7741,717
Accounts payable60,14351,59960,20080,10778,77841,909
Accrued liabilities44,04745,26456,46554,21024,16611,128
Other undisclosed accounts payable and accrued liabilities   (56,465)   
Derivative instruments and hedges, liabilities9,71113,45040,796108,618136,185140,941
Other liabilities18,46316,74327,16032,31823,32318,731
Other undisclosed current liabilities8,7219,39067,683(11,548)(6,273)278
Total current liabilities:141,085136,446195,839286,217273,060221,569
Noncurrent Liabilities
Long-term debt and lease obligation722,904705,715688,531631,730647,963354,430
Long-term debt, excluding current maturities722,904705,715688,531626,351640,175346,003
Liabilities, other than long-term debt65,83658,46640,41354,98158,07530,009
Asset retirement obligations9,6199,4519,1718,2558,3755,644
Deferred income tax liabilities50,07342,75316,14114,0127,7213,613
Other liabilities5415653,5882,7645,0661,663
Operating lease, liability3,5713,3033,7755,3797,7888,427
Derivative instruments and hedges, liabilities2,0322,3947,73829,95036,91319,089
Total noncurrent liabilities:788,740764,181728,944686,711706,038384,439
Total liabilities:929,825900,627924,783972,928979,098606,008
Equity
Equity, attributable to parent910,645884,305791,579616,985473,257225,782
Common stock231231227227227171
Treasury stock, value(10,600)(10,479)(7,534)(7,534)(7,095)(6,592)
Additional paid in capital578,817577,293576,118574,885573,259414,127
Retained earnings (accumulated deficit)342,197317,260222,76849,407(93,134)(181,924)
Total equity:910,645884,305791,579616,985473,257225,782
TOTAL LIABILITIES AND EQUITY:1,840,4701,784,9321,716,3621,589,9131,452,355831,790

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues126,400139,954198,978242,181182,605129,656
Gain (loss) on disposition of assets for financial service operations  18,699   (140,242)
Gross profit:126,400139,954198,978242,181182,605129,656
Operating expenses(95,944)(94,130)(92,348)(86,238)(59,131)(49,927)
Operating income:30,45645,824106,630155,943123,47479,729
Nonoperating income (expense)20,02292,22583,9694,837(22,416)(140,181)
Investment income, nonoperating19,99392,24983,9314,832(22,406)(140,242)
Interest and debt expense(18,190)(16,745)(15,316)(12,173)(7,902)(6,557)
Income (loss) from continuing operations before income taxes:32,288121,304175,283148,60793,156(67,009)
Income tax expense (benefit)(7,351)(26,812)(1,922)(6,066)(4,366)2,754
Income (loss) from continuing operations:24,93794,492173,361142,54188,790(64,255)
Income (loss) before gain (loss) on sale of properties:142,54188,790(64,255)
Net income (loss) available to common stockholders, diluted:24,93794,492173,361142,54188,790(64,255)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):24,93794,492173,361142,54188,790(64,255)
Comprehensive income (loss), net of tax, attributable to parent:24,93794,492173,361142,54188,790(64,255)

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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