Triangle Petroleum Corp (TPLM) financial statements (2022 and earlier)

Company profile

Business Address 1200 17TH STREET
DENVER, CO 80202
State of Incorp. DE
Fiscal Year End January 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

Current Assets
Cash, cash equivalents, and short-term investments116688233
Cash and cash equivalents116688233
Inventory, net of allowances, customer advances and progress billings  1
Inventory   1
Derivative instruments and hedges, assets126211
Prepaid expense and other current assets1
Deferred tax assets (19)0 
Other current assets1015 
Other undisclosed current assets 192717
Total current assets:19131019581
Noncurrent Assets
Property, plant and equipment4981,26170334
Oil and gas property, full cost method 1,126683297
Long-term investments and receivables 646912
Long-term investments 646912
Intangible assets, net (including goodwill)  6
Goodwill  2 
Intangible assets, net (excluding goodwill)  4 
Derivative instruments and hedges  1 
Deposits noncurrent assets   0
Deferred costs 14  
Other noncurrent assets64844
Prepaid expense and other noncurrent assets2
Deferred tax assets, net (34)(8) 
Other undisclosed noncurrent assets (1,171)10(297)
Total noncurrent assets:5621,345833347
TOTAL ASSETS:7531,6551,028428
Current Liabilities
Accounts payable and accrued liabilities36 5337
Accounts payable  5337
Accrued liabilities34   
Interest and dividends payable2   
Asset retirement obligation1533
Deferred tax liabilities 19  
Other undisclosed current liabilities672468538
Total current liabilities:21727215978
Noncurrent Liabilities
Long-term debt and lease obligation789800334148
Long-term debt, excluding current maturities789800334148
Liabilities, other than long-term debt113711
Accounts payable and accrued liabilities11   
Asset retirement obligations 310
Deferred tax liabilities, net 34  
Derivative instruments and hedges, liabilities   0
Other undisclosed noncurrent liabilities 19 
Total noncurrent liabilities:801838345149
Total liabilities:1,0181,110504227
Stockholders' equity
Stockholders' equity attributable to parent(265)545523202
Common stock00 0
Additional paid in capital558545572324
Accumulated deficit(822) (49)(122)
Total stockholders' equity:(265)545523202

Income statement (P&L) ($ in millions)

Revenue, net35857326061
Cost of revenue
(Cost of Goods and Services Sold)
Other undisclosed gross profit   (30)
Gross profit:19531215810
Operating expenses(1,226)(478)(212)(69)
Other undisclosed operating income16326110151
Operating income (loss):(868)9547(8)
Nonoperating income (expense)(8)4435(6)
Investment income, nonoperating 641(3)
Other nonoperating income (expense)(2)010
Interest and debt expense18(18)(8)(3)
Income (loss) from continuing operations before equity method investments, income taxes:(858)12074(17)
Income (loss) from equity method investments 0 (0)
Other undisclosed income (loss) from continuing operations before income taxes(18)1883
Income (loss) from continuing operations before income taxes:(876)13981(14)
Income tax expense (benefit)53(46)(8)2
Income (loss) before gain (loss) on sale of properties:(822)9373(12)
Other undisclosed net loss   (2)
Net income (loss):(822)9373(14)
Net income attributable to noncontrolling interest   1
Net income (loss) available to common stockholders, basic:(822)9373(14)
Dilutive securities, effect on basic earnings per share 43 
Net income (loss) available to common stockholders, diluted:(822)9877(14)

Comprehensive Income ($ in millions)

Net income (loss):(822)9373(14)
Comprehensive income (loss):(822)9373(14)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (1)
Other undisclosed comprehensive income, net of tax, attributable to parent   1
Comprehensive income (loss), net of tax, attributable to parent:(822)9373(14)

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.

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