Transcoastal Corp (TCEC) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
17304 PRESTON ROAD DALLAS, TX 75252 |
| 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)
| 6/30/2015 MRQ | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 128 | 432 | 41 | |||
| Cash and cash equivalent | 128 | 432 | 41 | |||
| Receivables | 225 | 436 | 314 | |||
| Derivative instruments and hedges, assets | 556 | |||||
| Other current assets | 20 | ✕ | ||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 31 | ||
| Total current assets: | 909 | 888 | 386 | |||
| Noncurrent Assets | ||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 23,808 | 24,441 | ||||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 23,410 | 23,971 | ||||
| Intangible asset, including goodwill, after accumulated amortization | 485 | 485 | ✕ | |||
| Goodwill | 485 | 485 | ||||
| Other noncurrent assets | 223 | 387 | ✕ | |||
| Other undisclosed noncurrent assets | (23,410) | (23,971) | ||||
| Total noncurrent assets: | 24,516 | 25,313 | ||||
| TOTAL ASSETS: | 25,425 | 26,201 | 386 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 944 | 1,620 | 461 | |||
| Interest and dividends payable | 47 | |||||
| Employee-related liabilities | 129 | |||||
| Accounts payable | 332 | |||||
| Other undisclosed accounts payable and accrued liabilities | 897 | 1,620 | ||||
| Debt | 15,750 | 387 | 60 | |||
| Derivative instruments and hedges, liabilities | 125 | |||||
| Asset retirement obligation | 113 | 107 | ||||
| Deferred revenue and credits | 10 | |||||
| Due to related parties | 1,285 | |||||
| Other undisclosed current liabilities | 126 | 140 | ||||
| Total current liabilities: | 16,933 | 2,239 | 1,956 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 1,477 | 17,181 | ||||
| Long-term debt, excluding current maturities | 1,477 | 17,181 | ||||
| Liabilities, other than long-term debt | 877 | 870 | 6 | |||
| Deferred revenue and credits | 3 | |||||
| Asset retirement obligations | 877 | 852 | ||||
| Other liabilities | 3 | |||||
| Derivative instruments and hedges, liabilities | 18 | |||||
| Other undisclosed noncurrent liabilities | 845 | 2,496 | (3) | |||
| Total noncurrent liabilities: | 3,199 | 20,547 | 3 | |||
| Total liabilities: | 20,132 | 22,786 | 1,959 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 5,293 | 3,415 | (1,573) | |||
| Common stock | 29 | 23 | 36 | |||
| Additional paid in capital | 49,680 | 45,592 | 44,895 | |||
| Accumulated deficit | (44,417) | (42,201) | (46,504) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | ||||
| Total equity: | 5,293 | 3,415 | (1,573) | |||
| TOTAL LIABILITIES AND EQUITY: | 25,425 | 26,201 | 386 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues | 4,555 | 3,622 | 2,511 | ||
| Revenue, net | 3,835 | 3,891 | |||
| Financial services revenue | 821 | ||||
| Cost of revenue | (1,425) | (2,615) | (1,928) | ||
| Cost of product and service sold | (1,425) | (2,615) | |||
| Gross profit: | 3,130 | 1,007 | 583 | ||
| Operating expenses | (5,570) | (6,893) | (759) | ||
| Other operating income (expense), net (Other Expenses) | (681) | 650 | |||
| Other undisclosed operating income | 2,106 | 1,965 | |||
| Operating loss: | (1,015) | (3,271) | (176) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 93 | 59 | (23) | ||
| Interest and debt expense | (774) | (709) | (23) | ||
| Loss from continuing operations: | (1,696) | (3,921) | (222) | ||
| Loss before gain (loss) on sale of properties: | (1,696) | (3,921) | (222) | ||
| Net loss: | (1,696) | (3,921) | (222) | ||
| Other undisclosed net income attributable to parent | 1 | 23 | |||
| Net loss available to common stockholders, diluted: | (1,695) | (3,921) | (199) | ||
Comprehensive Income ($ in thousands)
| 6/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net loss: | (1,696) | (3,921) | (222) | ||
| Comprehensive loss, net of tax, attributable to parent: | (1,696) | (3,921) | (222) | ||
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.