Arete Industries Inc (ARET) financial statements (2020 and earlier)

Company profile

Business Address 7260 OSCEOLA STREET
WESTMINSTER, CO 80030
State of Incorp. CO
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 171522314767
Cash and cash equivalents 171522314767
Receivables   104  
Prepaid expense and other current assets61
Other undisclosed current assets 17140112271149
Total current assets: 188662247747217
Noncurrent Assets
Property, plant and equipment 1,8185,6158,1968,2418,669
Oil and gas property, successful effort method   10,572  
Other undisclosed noncurrent assets   (10,572)  
Total noncurrent assets: 1,8185,6158,1968,2418,669
TOTAL ASSETS: 2,0076,2778,4438,9888,886
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 2251451101893
Accounts payable 13365431893
Accrued liabilities 626964  
Interest and dividends payable 30123  
Debt 241971872325250
Asset retirement obligation 42541019216078
Due to related parties 1351922  
Other undisclosed current liabilities 5735013458641,735
Total current liabilities: 1,5992,0461,5411,3662,156
Noncurrent Liabilities
Long-term debt and lease obligation 1,0332364425 
Long-term debt, excluding current maturities 1,0332364425 
Liabilities, other than long-term debt 676901807772819
Asset retirement obligations 660586557522569
Due to related parties 16315250250250
Other undisclosed noncurrent liabilities   8551,039 
Total noncurrent liabilities: 1,7099241,7252,236819
Total liabilities: 3,3082,9703,2673,6032,975
Stockholders' equity
Stockholders' equity attributable to parent, including: (1,301)3,3075,1765,3855,911
Preferred stock 2,720    
Common stock 21,53521,50321,29521,48817,151
Accumulated deficit (25,557)(20,866)(16,119)(16,199)(16,227)
Other undisclosed stockholders' equity attributable to parent  2,670 954,987
Total stockholders' equity: (1,301)3,3075,1765,3855,911
TOTAL LIABILITIES AND EQUITY: 2,0076,2778,4438,9888,886

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

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 9749532,5532,5742,788
Revenue, net 9749262,1622,2262,255
Financial services revenue     533
Cost of revenue
(Cost of Goods and Services Sold)
  (1)(54)(54)(54)
Gross profit: 9749522,4992,5202,734
Operating expenses (5,376)(5,588)(2,355)(2,022)(3,202)
Other undisclosed operating income  1545454
Operating income (loss): (4,402)(4,635)198552(414)
Nonoperating income (expense)  (112)(136)(132)0
Investment income, nonoperating    00
Interest and debt expense (98)(112)(136)(132)(80)
Income (loss) from continuing operations before equity method investments, income taxes: (4,500)(4,859)(73)288(494)
Other undisclosed income from continuing operations before income taxes 1112136132 
Net income (loss) attributable to parent: (4,499)(4,747)62420(494)
Preferred stock dividends and other adjustments 192 (9)(213)(784)
Other undisclosed net income (loss) available to common stockholders, basic (192) 183,160 
Net income (loss) available to common stockholders, basic: (4,499)(4,747)713,368(1,278)
Other undisclosed net loss available to common stockholders, diluted (192)    
Net income (loss) available to common stockholders, diluted: (4,691)(4,747)713,368(1,278)

Comprehensive Income ($ in thousands)

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss): (4,499)(4,747)62420(494)
Comprehensive income (loss), net of tax, attributable to parent: (4,499)(4,747)62420(494)

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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