Steel Excel Inc (SXCL) financial statements (2022 and earlier)
Company profile
| Business Address |
2603 CAMINO RAMON, SUITE 200 SAN RAMON, CA 94583 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 127,896 | 196,381 | 213,003 | 188,461 | 190,367 | 216,312 | 226,695 | ||
| Cash and cash equivalents | 31,707 | 69,746 | 63,907 | 64,076 | 51,910 | 46,677 | 69,432 | ||
| Short-term investments | 96,189 | 126,635 | 149,096 | 124,385 | 138,457 | 169,635 | 157,263 | ||
| Restricted cash and investments | 21,639 | 21,311 | |||||||
| Receivables | 10,614 | 14,113 | 15,186 | 17,788 | 28,016 | 29,930 | 29,821 | ||
| Disposal group, including discontinued operation | 31 | 31 | |||||||
| Other undisclosed current assets | 27,166 | 27,467 | 36,652 | 30,407 | 5,924 | 25,412 | 28,234 | ||
| Total current assets: | 187,315 | 237,961 | 264,841 | 236,656 | 245,618 | 271,685 | 284,781 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 95,793 | 99,676 | 101,908 | 104,305 | 107,187 | 108,337 | 109,335 | ||
| Long-term investments and receivables | 3,555 | 39,590 | 47,720 | 67,291 | 58,585 | 61,268 | 66,111 | ||
| Long-term investments | 3,555 | 39,590 | 47,720 | 67,291 | 58,585 | 61,268 | 66,111 | ||
| Intangible assets, net (including goodwill) | 32,813 | 60,417 | 62,409 | 64,484 | 66,646 | 105,547 | 109,029 | ||
| Goodwill | 12,594 | 30,864 | 30,864 | 30,864 | 30,864 | 67,530 | 68,742 | ||
| Intangible assets, net (excluding goodwill) | 20,219 | 29,553 | 31,545 | 33,620 | 35,782 | 38,017 | 40,287 | ||
| Other noncurrent assets | 531 | 1,014 | 1,075 | 1,141 | 1,238 | 1,440 | 1,516 | ||
| Other undisclosed noncurrent assets | 24,815 | 447 | 280 | 221 | 80 | 3,732 | 3,732 | ||
| Total noncurrent assets: | 157,507 | 201,144 | 213,392 | 237,442 | 233,736 | 280,324 | 289,723 | ||
| TOTAL ASSETS: | 344,822 | 439,105 | 478,233 | 474,098 | 479,354 | 552,009 | 574,504 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 11,239 | 13,710 | 23,857 | 20,879 | 12,852 | 15,402 | 18,121 | ||
| Accounts payable | 2,781 | 2,736 | 2,995 | 3,160 | 3,936 | 4,460 | 4,225 | ||
| Accrued liabilities | 8,458 | 10,974 | 20,862 | 17,719 | 8,916 | 10,942 | 13,896 | ||
| Debt | 13,214 | 13,587 | 13,626 | 13,626 | 13,626 | 13,626 | |||
| Derivative instruments and hedges, liabilities | 21,639 | 20,171 | 21,385 | 21,308 | 21,311 | 20,264 | 20,010 | ||
| Disposal group, including discontinued operation | 450 | 450 | 450 | 450 | 450 | 987 | 987 | ||
| Deferred tax liabilities | 85 | 85 | 85 | 85 | 3,838 | 3,838 | |||
| Other undisclosed current liabilities | 10,023 | ||||||||
| Total current liabilities: | 33,328 | 47,630 | 59,364 | 56,348 | 48,324 | 54,117 | 66,605 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 42,666 | 56,161 | 59,464 | 62,838 | 66,248 | 69,658 | 73,065 | ||
| Long-term debt, excluding current maturities | 42,666 | 56,161 | 59,464 | 62,768 | 66,071 | 69,375 | 72,679 | ||
| Capital lease obligations | 70 | 177 | 283 | 386 | |||||
| Liabilities, other than long-term debt | 973 | 3,767 | 3,549 | 3,555 | 7,264 | 6,088 | 5,988 | ||
| Deferred tax liabilities, net | 737 | 3,549 | 3,549 | 3,549 | 3,549 | 2,373 | 2,169 | ||
| Other liabilities | 236 | 218 | 6 | 3,715 | 3,715 | 3,819 | |||
| Total noncurrent liabilities: | 43,639 | 59,928 | 63,013 | 66,393 | 73,512 | 75,746 | 79,053 | ||
| Total liabilities: | 76,967 | 107,558 | 122,377 | 122,741 | 121,836 | 129,863 | 145,658 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 268,246 | 331,641 | 356,161 | 351,735 | 357,533 | 422,304 | 429,242 | ||
| Common stock | 14 | 14 | 14 | 14 | 14 | 14 | 14 | ||
| Treasury stock, value | (85,967) | (85,967) | (81,623) | (81,355) | (81,355) | (81,355) | (76,682) | ||
| Additional paid in capital | 270,516 | 269,750 | 269,009 | 267,965 | 267,444 | 267,047 | 266,473 | ||
| Accumulated other comprehensive income (loss) | (5,546) | (6,532) | (89) | (14,275) | (18,730) | 10,680 | 12,336 | ||
| Retained earnings | 89,229 | 154,376 | 168,850 | 179,386 | 190,160 | 225,918 | 227,101 | ||
| Stockholders' equity attributable to noncontrolling interest | (391) | (94) | (305) | (378) | (15) | (158) | (396) | ||
| Total stockholders' equity: | 267,855 | 331,547 | 355,856 | 351,357 | 357,518 | 422,146 | 428,846 | ||
| TOTAL LIABILITIES AND EQUITY: | 344,822 | 439,105 | 478,233 | 474,098 | 479,354 | 552,009 | 574,504 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 24,645 | 33,480 | 35,610 | 38,885 | 54,482 | 58,583 | 51,924 | |
| Revenue, net | 24,645 | 33,480 | 35,610 | 38,885 | 54,482 | 58,583 | 51,924 | |
| Financial services revenue | 6,677 | 135 | (466) | 1,332 | 1,310 | |||
| Cost of revenue | (19,953) | (26,489) | (27,375) | (32,188) | (39,884) | (40,599) | (36,186) | |
| Gross profit: | 4,692 | 6,991 | 8,235 | 6,697 | 14,598 | 17,984 | 15,738 | |
| Operating expenses | (36,903) | (10,100) | (10,078) | (10,201) | (48,150) | (11,804) | (11,715) | |
| Operating income (loss): | (32,211) | (3,109) | (1,843) | (3,504) | (33,552) | 6,180 | 4,023 | |
| Nonoperating income (expense) | 27,101 | 7,905 | 3,001 | (1,729) | 19,461 | (1,299) | 654 | |
| Investment income, nonoperating | 3,154 | 3,167 | 2,074 | 554 | 488 | |||
| Foreign currency transaction gain (loss), before tax | (295) | 91 | (288) | (223) | ||||
| Other nonoperating income (expense) | 7,905 | 3,001 | (1,729) | (1,299) | 654 | |||
| Interest and debt expense | (572) | (627) | (614) | (642) | (709) | (778) | (822) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (97,262) | (20,756) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (102,944) | 4,169 | 544 | (5,875) | (35,556) | 4,103 | 3,855 | |
| Income (loss) from equity method investments | (11,284) | (8,153) | 5,445 | (2,110) | (2,668) | (4,843) | 2,874 | |
| Other undisclosed income from continuing operations before income taxes | 32,204 | 12,140 | ||||||
| Income (loss) from continuing operations before income taxes: | (82,024) | (3,984) | 5,989 | (7,985) | (26,084) | (740) | 6,729 | |
| Income tax expense (benefit) | 2,056 | (2,393) | 6,288 | 372 | 264 | (1,537) | 693 | |
| Other undisclosed income (loss) from continuing operations | 14,524 | (7,886) | (22,740) | (10,301) | 1,332 | 1,310 | ||
| Income (loss) from continuing operations: | (65,444) | (14,263) | (10,463) | (7,613) | (36,121) | (945) | 8,732 | |
| Other undisclosed income before gain (loss) on sale of properties | 227 | |||||||
| Income (loss) before gain (loss) on sale of properties: | (65,444) | (14,263) | (10,463) | (7,613) | (35,894) | (945) | 8,732 | |
| Other undisclosed net income | 279 | |||||||
| Net income (loss): | (65,444) | (14,263) | (10,463) | (7,613) | (35,615) | (945) | 8,732 | |
| Net income (loss) attributable to noncontrolling interest | 79 | (363) | 143 | |||||
| Other undisclosed net income (loss) attributable to parent | 218 | (211) | (73) | 726 | (286) | (238) | 11 | |
| Net income (loss) available to common stockholders, diluted: | (65,147) | (14,474) | (10,536) | (7,250) | (35,758) | (1,183) | 8,743 | |
Comprehensive Income ($ in thousands)
| 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (65,444) | (14,263) | (10,463) | (7,613) | (35,615) | (945) | 8,732 | |
| Other comprehensive income (loss) | 986 | 931 | (29,410) | |||||
| Other undisclosed comprehensive income (loss) | (6,443) | 14,186 | (1,656) | 1,829 | ||||
| Comprehensive income (loss): | (64,458) | (20,706) | 3,723 | (6,682) | (65,025) | (2,601) | 10,561 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 297 | (211) | (73) | 363 | 55 | 238 | (11) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (198) | (476) | 22 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (64,161) | (20,917) | 3,650 | (6,319) | (65,168) | (2,839) | 10,572 | |
Statements sources
The financial statements are based on the company's filings with the 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.