Adams Resources & Energy, Inc. (AE) financial statements (2022 and earlier)
Company profile
| Business Address |
17 S. BRIAR HOLLOW LN. HOUSTON, TX 77027 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 5172 - Petroleum and Petroleum Products Wholesalers, Except Bulk Stations and Terminals (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 98 | 39 | 113 | 117 | 109 | 87 | 92 | ||
| Cash and cash equivalents | 98 | 39 | 113 | 117 | 109 | 87 | 92 | ||
| Restricted cash and investments | 9 | 13 | 9 | ||||||
| Receivables | 144 | 113 | 97 | 88 | 123 | 90 | 74 | ||
| Inventory, net of allowances, customer advances and progress billings | 9 | 19 | 26 | 15 | 12 | 13 | 2 | ||
| Inventory | 9 | 19 | 26 | 15 | 12 | 13 | 2 | ||
| Prepaid expense | 2 | 3 | 2 | 2 | 1 | 2 | 2 | ||
| Derivative instruments and hedges, assets | 0 | 0 | 0 | 0 | 0 | ||||
| Other undisclosed current assets | 10 | 8 | 6 | ||||||
| Total current assets: | 273 | 188 | 247 | 230 | 246 | 193 | 177 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 7 | 8 | 10 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 88 | 94 | 69 | 45 | 29 | 46 | 60 | ||
| Long-term investments and receivables | 0 | 3 | |||||||
| Long-term investments | 0 | 3 | |||||||
| Intangible assets, net (including goodwill) | 3 | 4 | 2 | ||||||
| Intangible assets, net (excluding goodwill) | 3 | 4 | 2 | ||||||
| Other noncurrent assets | 3 | 2 | 7 | ||||||
| Other undisclosed noncurrent assets | 3 | 5 | 7 | 6 | |||||
| Total noncurrent assets: | 101 | 109 | 84 | 49 | 37 | 54 | 67 | ||
| TOTAL ASSETS: | 375 | 296 | 331 | 279 | 283 | 247 | 243 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 168 | 86 | 148 | 116 | 125 | 80 | 80 | ||
| Accounts payable | 168 | 86 | 148 | 116 | 125 | 80 | 74 | ||
| Accrued liabilities | 6 | ||||||||
| Debt | 4 | 4 | 4 | 1 | 0 | ||||
| Derivative instruments and hedges, liabilities | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Due to related parties | 0 | 0 | 0 | 0 | 0 | ||||
| Other liabilities | 12 | 22 | |||||||
| Other undisclosed current liabilities | 2 | 2 | 7 | 6 | 4 | 6 | |||
| Total current liabilities: | 186 | 115 | 160 | 123 | 130 | 86 | 80 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 15 | 18 | 12 | 3 | 1 | ||||
| Finance lease, liability | 10 | 12 | 4 | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | ✕ | 3 | 1 | ||||
| Operating lease, liability | 5 | 6 | 7 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 2 | 2 | 8 | 2 | 1 | 9 | 10 | ||
| Asset retirement obligations | 2 | 2 | 2 | 2 | 1 | 2 | 2 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 7 | 8 | ||||
| Deferred income tax liabilities | 6 | ✕ | ✕ | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 11 | 13 | 0 | 4 | 3 | 0 | |||
| Total noncurrent liabilities: | 28 | 33 | 20 | 9 | 6 | 9 | 11 | ||
| Total liabilities: | 214 | 147 | 179 | 132 | 136 | 96 | 91 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 160 | 149 | 152 | 147 | 147 | 151 | 153 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 17 | 13 | 13 | 12 | 12 | 12 | 12 | ||
| Retained earnings | 143 | 135 | 138 | 134 | 135 | 139 | 140 | ||
| Total stockholders' equity: | 160 | 149 | 152 | 147 | 147 | 151 | 153 | ||
| TOTAL LIABILITIES AND EQUITY: | 375 | 296 | 331 | 279 | 283 | 247 | 243 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,025 | 1,022 | 1,811 | 1,750 | 1,322 | 1,100 | 1,944 | |
| Cost of revenue | (1,990) | (1,017) | (1,793) | (1,741) | (1,309) | (1,083) | (1,913) | |
| Cost of goods and services sold | (24) | (5) | (1,297) | (1,064) | (1,913) | |||
| Gross profit: | 35 | 5 | 18 | 9 | 13 | 17 | 31 | |
| Operating expenses | (19) | (11) | (10) | (8) | (12) | (11) | (34) | |
| Operating income (loss): | 16 | (6) | 8 | 1 | 2 | 6 | (2) | |
| Nonoperating income (expense) | (1) | 0 | 3 | 2 | (5) | 1 | 0 | |
| Investment income, nonoperating | 0 | 1 | 3 | 2 | (2) | 1 | 0 | |
| Interest and debt expense | (1) | (0) | (1) | (0) | (0) | (0) | (0) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 0 | 1 | 0 | 0 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 15 | (6) | 11 | 3 | (3) | 7 | (2) | |
| Other undisclosed income from continuing operations before income taxes | 1 | |||||||
| Income (loss) from continuing operations before income taxes: | 16 | (6) | 11 | 3 | (3) | 7 | (2) | |
| Income tax expense (benefit) | (4) | 7 | (2) | (1) | 3 | (3) | 1 | |
| Net income (loss): | 12 | 1 | 8 | 3 | (0) | 4 | (1) | |
| Other undisclosed net loss attributable to parent | (1) | |||||||
| Net income (loss) available to common stockholders, diluted: | 12 | 1 | 8 | 3 | (0) | 3 | (1) | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 12 | 1 | 8 | 3 | (0) | 4 | (1) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 12 | 1 | 8 | 3 | (0) | 4 | (1) | |
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.