SandRidge Energy, Inc. (SD) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 E. SHERIDAN AVE
OKLAHOMA CITY, OK 73104
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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments255,722137,26022,1304,27517,660 
Cash and cash equivalents255,722137,26022,1304,27517,660 
Restricted cash and investments1,7462,2646,1361,6931,985 
Receivables34,73521,50519,57628,64445,503 
Prepaid expense5236262,8903,3422,628 
Derivative instruments and hedges, assets 4,429  1145,286 
Other current assets7,7478080538265 
Total current assets:304,902161,73550,81238,60673,327 
Noncurrent Assets
Property, plant and equipment 92,24497,791103,118 200,838 
Oil and gas property, full cost method138,63293,054106,222379,340749,111 
Deferred income tax assets64,529   
Other noncurrent assets1903326801,1401,062 
Other undisclosed noncurrent assets   188,603  
Total noncurrent assets:295,595191,177210,020569,083951,011 
TOTAL ASSETS:600,497352,912260,832607,6891,024,338 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:46,33545,77951,42664,937111,797 
Interest and dividends payable 61461539 
Employee-related liabilities3,9425,6407,02112,891 
Accrued liabilities3,471234477514  
Other undisclosed accounts payable and accrued liabilities42,86441,60345,24856,94198,367 
Derivative instruments and hedges, liabilities  21    
Asset retirement obligation16,07417,60616,46722,11925,393 
Other liabilities8706279841,367  
Total current liabilities:63,27964,03368,87788,423137,190 
Noncurrent Liabilities
Long-term debt and lease obligation   20,00057,500  
Long-term debt, excluding current maturities   20,00057,500  
Liabilities, other than long-term debt49,29643,55743,88959,31439,427 
Asset retirement obligations47,63541,76240,70152,89734,671 
Other liabilities1,6611,7953,1886,4174,756 
Total noncurrent liabilities:49,29643,55763,889116,81439,427 
Total liabilities:112,575107,590132,766205,237176,617 
Equity
Equity, attributable to parent487,922245,322128,066402,452847,721 
Common stock3737363636 
Additional paid in capital1,151,6891,062,7371,062,2201,059,2531,055,164 
Accumulated deficit(663,804)(905,972)(1,022,710)(745,357)(295,995) 
Warrants and rights outstanding  88,52088,52088,52088,516 
Total equity:487,922245,322128,066402,452847,721 
TOTAL LIABILITIES AND EQUITY:600,497352,912260,832607,6891,024,338 

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues254,258168,882114,976266,845  
Cost of revenue(5,468)(11,290)(53,223)(146,162)  
Gross profit:248,790157,59261,753120,683  
Operating expenses(73,339)(43,505)(335,260)(567,450)(4,100) 
Other operating income (expense), net99382(206)608  
Other undisclosed operating income (loss)(99)(382)206(608)  
Operating income (loss):175,451114,087(273,507)(446,767)(4,100) 
Nonoperating income (expense)2,1882,651(4,492)(2,538)  
Other nonoperating income (expense)3783,055(2,494)436  
Interest and debt expense  (174)(1,998)(142)  
Other undisclosed income from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:177,639116,564(279,997)(449,447)(4,100) 
Other undisclosed income from continuing operations before income taxes  1741,998142  
Income (loss) from continuing operations before income taxes:177,639116,738(277,999)(449,305)(4,100) 
Income tax benefit 64,529 646   
Other undisclosed income from continuing operations      
Income (loss) from continuing operations:242,168116,738(277,353)(449,305)(4,100) 
Income (loss) before gain (loss) on sale of properties:116,738(277,353)(449,305)(4,100) 
Net income (loss):242,168116,738(277,353)(449,305)(4,100) 
Other undisclosed net loss attributable to parent      
Net income (loss) available to common stockholders, diluted:242,168116,738(277,353)(449,305)(4,100) 

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):242,168116,738(277,353)(449,305)(4,100) 
Comprehensive income (loss), net of tax, attributable to parent:242,168116,738(277,353)(449,305)(4,100) 

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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