SRC Energy Inc. (SRCI) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1675 BROADWAY DENVER, CO 80202 |
| State of Incorp. | CO |
| 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 | 8/31/2015 | 8/31/2014 | 8/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 49,609 | 48,772 | 18,615 | 133,908 | 34,753 | 79,481 | |||
| Cash and cash equivalent | 49,609 | 48,772 | 18,615 | 133,908 | 34,753 | 19,463 | |||
| Short-term investments | 60,018 | ||||||||
| Receivables | 140,388 | 104,147 | 32,533 | 28,926 | 32,372 | 7,361 | |||
| Inventory, net of allowances, customer advances and progress billings | 310 | 194 | |||||||
| Inventory | 310 | 194 | |||||||
| Derivative instruments and hedges, assets | 34,906 | 297 | 2,897 | 365 | |||||
| Other current assets | 7,537 | 7,116 | 2,739 | 1,109 | 440 | 239 | |||
| Other undisclosed current assets | 4,700 | ||||||||
| Total current assets: | 232,440 | 160,035 | 54,184 | 166,840 | 68,240 | 91,975 | |||
| Noncurrent Assets | |||||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 2,518,700 | 1,876,576 | 908,736 | 534,740 | 379,400 | 197,965 | |||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 529,957 | 370,296 | 197,694 | ||||||
| Intangible asset, including goodwill, after accumulated amortization | 40,711 | 40,711 | 40,711 | ✕ | |||||
| Goodwill | 40,711 | 40,711 | 40,711 | ||||||
| Derivative instruments and hedges | 1,565 | 54 | |||||||
| Other noncurrent assets | 3,574 | 2,242 | 2,234 | 2,593 | 848 | 1,296 | |||
| Other undisclosed noncurrent assets | 18,248 | (529,957) | (370,296) | (197,694) | |||||
| Total noncurrent assets: | 2,522,274 | 1,919,529 | 969,929 | 579,609 | 380,302 | 199,261 | |||
| TOTAL ASSETS: | 2,754,714 | 2,079,564 | 1,024,113 | 746,449 | 448,542 | 291,236 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 245,109 | 127,085 | 70,126 | 21,596 | 16,940 | 7,226 | |||
| Taxes payable | 95,099 | 52,413 | 17,673 | 20,899 | 14,376 | 6,277 | |||
| Accounts payable | 150,010 | 74,672 | 52,453 | 670 | 1,747 | 949 | |||
| Accrued liabilities | 27 | 817 | |||||||
| Derivative instruments and hedges, liabilities | 7,865 | 2,874 | 302 | 2,315 | |||||
| Asset retirement obligation | 11,694 | 3,246 | 2,683 | ||||||
| Other liabilities | 97,030 | 64,111 | 16,557 | 19,044 | 14,487 | 6,081 | |||
| Other undisclosed current liabilities | 33,071 | 71,849 | 25,745 | ||||||
| Total current liabilities: | 353,833 | 202,307 | 92,240 | 73,711 | 103,578 | 41,367 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 734,360 | 538,186 | 75,614 | 78,000 | 37,000 | 37,000 | |||
| Long-term debt, excluding current maturities | 734,360 | 538,186 | 75,614 | 78,000 | 37,000 | 37,000 | |||
| Liabilities, other than long-term debt | 44,162 | 30,637 | 15,520 | 22,341 | 26,474 | 9,649 | |||
| Asset retirement obligations | 40,052 | 28,376 | 13,775 | 12,334 | 4,730 | 2,777 | |||
| Deferred tax liabilities, net | ✕ | 1,745 | 10,007 | 21,437 | 6,538 | ||||
| Other liabilities | 2,210 | 2,261 | |||||||
| Derivative instruments and hedges, liabilities | 1,900 | 307 | 334 | ||||||
| Other undisclosed noncurrent liabilities | 36,067 | ||||||||
| Total noncurrent liabilities: | 814,589 | 568,823 | 91,134 | 100,341 | 63,474 | 46,649 | |||
| Total liabilities: | 1,168,422 | 771,130 | 183,374 | 174,052 | 167,052 | 88,016 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,586,292 | 1,308,434 | 840,739 | 572,397 | 281,490 | 203,220 | |||
| Common stock | 243 | 241 | 201 | 105 | 78 | 71 | |||
| Additional paid in capital | 1,492,107 | 1,474,273 | 1,148,998 | 538,631 | 265,793 | 216,383 | |||
| Retained earnings (accumulated deficit) | 93,942 | (166,080) | (308,460) | 33,661 | 15,619 | (13,234) | |||
| Total equity: | 1,586,292 | 1,308,434 | 840,739 | 572,397 | 281,490 | 203,220 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,754,714 | 2,079,564 | 1,024,113 | 746,449 | 448,542 | 291,236 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 8/31/2015 | 8/31/2014 | 8/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 645,641 | 362,516 | 107,149 | 124,843 | 104,219 | 46,223 | ||
| Revenue, net | ✕ | ✕ | 362,516 | 107,149 | 124,843 | 104,219 | 46,223 | |
| Cost of revenue (Cost of Product and Service Sold) | (9,135) | (19,496) | (19,949) | (15,017) | (7,991) | (9,117) | ||
| Gross profit: | 636,506 | 343,020 | 87,200 | 109,826 | 96,228 | 37,106 | ||
| Operating expenses | (371,358) | (204,931) | (318,724) | (127,221) | (60,755) | (26,678) | ||
| Other undisclosed operating income | 9,135 | 19,496 | 19,949 | 15,017 | 7,991 | 9,117 | ||
| Operating income (loss): | 274,283 | 157,585 | (211,575) | (2,378) | 43,464 | 19,545 | ||
| Nonoperating income (expense) | 23,706 | (15,202) | (7,508) | 32,097 | 403 | (3,094) | ||
| Investment income, nonoperating | 23,413 | (4,226) | (7,750) | 82 | 47 | |||
| Interest and debt expense | (11,842) | (245) | (986) | (97) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 297,989 | 130,541 | (219,083) | 29,474 | 42,881 | 16,354 | ||
| Other undisclosed income from continuing operations before income taxes | 11,842 | 245 | 986 | 97 | ||||
| Income (loss) from continuing operations before income taxes: | 297,989 | 142,383 | (219,083) | 29,719 | 43,867 | 16,451 | ||
| Income tax expense (benefit) | (37,967) | 99 | (106) | (11,677) | (15,014) | (6,870) | ||
| Income (loss) from continuing operations: | 260,022 | 142,482 | (219,189) | 18,042 | 28,853 | 9,581 | ||
| Income (loss) before gain (loss) on sale of properties: | 260,022 | 142,482 | (219,189) | 18,042 | 28,853 | 9,581 | ||
| Net income (loss) available to common stockholders, diluted: | 260,022 | 142,482 | (219,189) | 18,042 | 28,853 | 9,581 | ||
Comprehensive Income ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 8/31/2015 | 8/31/2014 | 8/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 260,022 | 142,482 | (219,189) | 18,042 | 28,853 | 9,581 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 260,022 | 142,482 | (219,189) | 18,042 | 28,853 | 9,581 | ||
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.