Sanchez Energy Corp (SNEC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1000 MAIN STREET
HOUSTON, TX 77002
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)

9/30/2019
MRQ
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 197,613184,434501,917435,048473,714153,531
Cash and cash equivalents 197,613184,434501,917435,048473,714153,531
Receivables 126,584128,45647,95435,62484,85751,960
Deferred costs    (14,700)(7,200) 
Derivative instruments and hedges, assets 15,71416,430 172,494100,181 
Other current assets 33,07021,47812,93423,45223,0021,386
Other undisclosed current assets    14,7007,20012,685
Total current assets: 372,981350,798562,805666,618681,754219,562
Noncurrent Assets
Oil and gas, full cost method, property and equipment, after accumulated depletion 2,359,1252,027,459658,588756,1032,261,6781,385,488
Long-term investments and receivables 16,66438,462    
Long-term investments 16,66438,462    
Derivative instruments and hedges 12,1021,428 5,78924,0241,304
Deferred costs    41,03948,16819,806
Other noncurrent assets 59,08852,48825,23122,80919,1012,993
Other undisclosed noncurrent assets   39,65649,98540,685 
Total noncurrent assets: 2,446,9792,119,837723,475875,7252,393,6561,409,591
TOTAL ASSETS: 2,819,9602,470,6351,286,2801,542,3433,075,4101,629,153
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 271,708267,098120,939128,145301,533102,455
Interest and dividends payable     37,743 
Accounts payable 107,01096,9643,3276,18833,902 
Accrued liabilities 164,698170,134117,612121,957229,888102,455
Debt 30423,996    
Derivative instruments and hedges, liabilities 70656,19031,778  5,600
Other liabilities 75,581115,24422,20114,8135,166 
Deferred tax liabilities    33,242 
Other undisclosed current liabilities   2,07924,548(37,743)50,564
Total current liabilities: 348,299462,528176,997167,506302,198158,619
Noncurrent Liabilities
Liabilities, other than long-term debt 67,948119,05292,65684,04027,3624,208
Asset retirement obligations 46,17536,09825,08725,90725,6944,130
Other liabilities 21,40765,48064,33358,133779 
Derivative instruments and hedges, liabilities 36617,4743,236 88978
Other undisclosed noncurrent liabilities 2,395,4081,930,6831,712,7671,746,9661,746,263609,017
Total noncurrent liabilities: 2,463,3562,049,7351,805,4231,831,0061,773,625613,225
Total liabilities: 2,811,6552,512,2631,982,4201,998,5122,075,823771,844
Temporary equity, carrying amount 452,828427,512    
Equity
Equity, attributable to parent (444,523)(469,140)(696,140)(456,169)999,587857,309
Preferred stock 535353535375
Common stock 881845670619586464
Additional paid in capital 1,367,4271,362,1181,112,3971,079,5131,064,667867,108
Accumulated deficit (1,812,884)(1,832,156)(1,809,260)(1,536,354)(65,719)(10,338)
Total equity: (444,523)(469,140)(696,140)(456,169)999,587857,309
TOTAL LIABILITIES AND EQUITY: 2,819,9602,470,6351,286,2801,542,3433,075,4101,629,153

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 1,056,914740,331431,326475,779803,269314,420
Revenue, net740,331431,326475,779666,064314,420
Financial services revenue   137,205 
Cost of revenue (645,661)(458,154)(343,960)(527,970)(470,726)(181,144)
Cost of goods and services sold (305,515)(244,461)(164,567)(156,528)(93,581)(35,669)
Gross profit: 411,253282,17787,366(52,191)332,543133,276
Operating expenses (118,312)(189,730)(279,127)(1,439,160)(276,252)(54,655)
Other undisclosed operating loss     (137,205) 
Operating income (loss): 292,94192,447(191,761)(1,491,351)(80,914)78,621
Nonoperating income (expense) (3,650)11,93899044,32447,694(47,737)
Investment income, nonoperating 4,351836856   
Other nonoperating income (expense) (8,001)11,102134   
Interest and debt expense (177,858)(140,163)(126,973)(126,399)(89,800)(30,934)
Other undisclosed income from continuing operations before equity method investments, income taxes    126,39989,80030,934
Income (loss) from continuing operations before equity method investments, income taxes: 111,433(35,778)(317,744)(1,447,027)(33,220)30,884
Income from equity method investments  7793,466   
Other undisclosed income (loss) from continuing operations before income taxes (26,228)75,85559,145   
Income (loss) from continuing operations before income taxes: 85,20540,856(255,133)(1,447,027)(33,220)30,884
Income tax expense (benefit)  2,336(1,825)(7,600)11,429(3,986)
Income (loss) from continuing operations: 85,20543,192(256,958)(1,454,627)(21,791)26,898
Income (loss) before gain (loss) on sale of properties: 85,20543,192(256,958)(1,454,627)(21,791)26,898
Net income (loss): 85,20543,192(256,958)(1,454,627)(21,791)26,898
Net loss attributable to noncontrolling interest      (364)
Other undisclosed net income attributable to parent      364
Net income (loss) attributable to parent: 85,20543,192(256,958)(1,454,627)(21,791)26,898
Preferred stock dividends and other adjustments (72,724)(62,298) (16,008)  
Other undisclosed net loss available to common stockholders, basic (15,948)(15,948)(15,948) (33,590)(18,889)
Net income (loss) available to common stockholders, diluted: (3,467)(35,054)(272,906)(1,470,635)(55,381)8,009

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): 85,20543,192(256,958)(1,454,627)(21,791)26,898
Other comprehensive loss (21,318)     
Comprehensive income (loss): 63,88743,192(256,958)(1,454,627)(21,791)26,898
Comprehensive income, net of tax, attributable to noncontrolling interest      364
Comprehensive income (loss), net of tax, attributable to parent: 63,88743,192(256,958)(1,454,627)(21,791)27,262

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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