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)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments171522314767
Cash and cash equivalents171522314767
Receivables  104  
Prepaid expense and other current assets61
Other undisclosed current assets17140112271149
Total current assets:188662247747217
Noncurrent Assets
Property, plant and equipment1,8185,6158,1968,2418,669
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 liabilities2251451101893
Accounts payable13365431893
Accrued liabilities626964  
Interest and dividends payable30123  
Debt241971872325250
Asset retirement obligation42541019216078
Due to related parties1351922  
Other undisclosed current liabilities5735013458641,735
Total current liabilities:1,5992,0461,5411,3662,156
Noncurrent Liabilities
Long-term debt and lease obligation1,0332364425 
Long-term debt, excluding current maturities1,0332364425 
Liabilities, other than long-term debt676901807772819
Asset retirement obligations660586557522569
Due to related parties16315250250250
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 stock2,720    
Common stock21,53521,50321,29521,48817,151
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)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues9749532,5532,5742,788
Revenue, net9749262,1622,2262,255
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 taxes1112136132 
Net income (loss) attributable to parent:(4,499)(4,747)62420(494)
Preferred stock dividends and other adjustments192 (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)

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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