Approach Resources Inc. (AREX) financial statements (2020 and earlier)

Company profile

Business Address ONE RIDGMAR CENTRE
FORT WORTH, TX 76116
State of Incorp. DE
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 millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 0001059
Cash and cash equivalents 0001059
Receivables 71010122023
Derivative instruments and hedges, assets 61 740250
Deferred tax assets    11192
Other undisclosed current assets 3531(110)(333)
Total current assets: 161712206190
Noncurrent Assets
Property, plant and equipment     (382) 
Oil and gas property, successful effort method 1,0681,0831,0921,1551,332 
Other noncurrent assets     98
Deferred tax assets, net    141
Other undisclosed noncurrent assets     3681,046
Total noncurrent assets: 1,0681,0831,0921,1551,3401,055
TOTAL ASSETS: 1,0851,1001,1051,1751,4011,145
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 161817248438
Accounts payable 10991133 
Accrued liabilities 688135138
Derivative instruments and hedges, liabilities  25  2
Deferred tax liabilities    14 
Other undisclosed current liabilities 5544945
Total current liabilities: 2125262910784
Noncurrent Liabilities
Long-term debt and lease obligation 8484227226250250
Long-term debt, excluding current maturities 8484227226250250
Liabilities, other than long-term debt 12941742120101
Asset retirement obligations 11111110108
Deferred tax liabilities, net 8263211192
Other liabilities 001   
Derivative instruments and hedges, liabilities      0
Other undisclosed noncurrent liabilities 378289272271150 
Total noncurrent liabilities: 474467515539520351
Total liabilities: 495492542567627435
Stockholders' equity
Stockholders' equity attributable to parent 589607563608774710
Common stock 110000
Additional paid in capital 744742586581573565
Retained earnings (accumulated deficit) (156)(136)(24)27201145
Total stockholders' equity: 589607563608774710
TOTAL LIABILITIES AND EQUITY: 1,0851,1001,1051,1751,4011,145

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 11410590131257181
Revenue, net10590131259181
Cost of revenue  (18)(19)(29)(155)(200)
Cost of goods and services sold  (18)(19)(29)(33) 
Gross profit: 1148771102102(18)
Operating expenses (113)(125)(135)(404)(36)62
Other undisclosed operating income  1819292 
Operating income (loss): 1(20)(45)(272)6744
Nonoperating income (expense) (0)08532(1)
Investment income, nonoperating   6522(1)
Other nonoperating income (expense) (0)020  
Interest and debt expense (25)(16)(28)(15)(22) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (0)(0)(12)(33)4272
Income (loss) from continuing operations before equity method investments, income taxes: (24)(36)(77)(268)90115
Loss from equity method investments     (0) 
Income (loss) from continuing operations before income taxes: (24)(36)(77)(268)90115
Income tax expense (benefit) 4(76)2493(34)(43)
Income (loss) before gain (loss) on sale of properties: (20)(112)(52)(174)5672
Other undisclosed net income     0 
Net income (loss) available to common stockholders, diluted: (20)(112)(52)(174)5672

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): (20)(112)(52)(174)5672
Comprehensive income (loss), net of tax, attributable to parent: (20)(112)(52)(174)5672

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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