Abraxas Petroleum Corporation (AXAS) financial statements (2023 and earlier)

Company profile

Business Address 18803 MEISNER DRIVE
SAN ANTONIO, TX 78258
State of Incorp. NV
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)

12/31/2021
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 investments10,0342,775 8671,618 3,540
Cash and cash equivalents10,0342,775 8671,618 3,540
Receivables13,54710,04919,64539,63632,09313,5249,506
Derivative instruments and hedges, assets 9,639839,602 5418,902
Assets held-for-sale, not part of disposal group     9,685 
Other current assets4981,5881,193626778676726
Total current assets:24,07924,05120,92150,73134,48923,93932,674
Noncurrent Assets
Operating lease, right-of-use asset173228327
Property, plant and equipment105,969122,946328,958363,218237,767136,311224,838
Derivative instruments and hedges 10,2814,17010,527  8,463
Deferred costs      1,642
Other noncurrent assets255255255265265580255
Other undisclosed noncurrent assets   1,1491,285818 
Total noncurrent assets:106,397133,710333,710375,159239,317137,709235,198
TOTAL ASSETS:130,476157,761354,631425,890273,806161,648267,872
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,84915,18537,82462,96957,21227,37832,117
Accounts payable18,02514,86937,33062,63457,07227,33432,002
Accrued liabilities34723036133514044115
Interest and dividends payable47786133    
Debt212,688202,7512802672627862,330
Derivative instruments and hedges, liabilities44248010,68861610,8372,382 
Other liabilities 850582    
Other undisclosed current liabilities8,0625398511539571622
Total current liabilities:240,041219,31949,47264,36368,85031,11735,069
Noncurrent Liabilities
Long-term debt and lease obligation110150192,921183,09187,35496,616138,402
Long-term debt, excluding current maturities  192,718183,09187,35496,616138,402
Operating lease, liability110150203
Liabilities, other than long-term debt  9994,4342,3876,630 
Derivative instruments and hedges, liabilities  9994,4342,3876,630 
Other undisclosed noncurrent liabilities6,80311,1097,4207,4928,9078,7809,936
Total noncurrent liabilities:7,02311,409201,340195,01798,648112,026148,338
Total liabilities:247,064230,728250,812259,380167,498143,143183,407
Stockholders' equity
Stockholders' equity attributable to parent(116,588)(72,967)103,819166,510106,30818,50584,465
Common stock84851,6841,6671,6591,3511,063
Additional paid in capital430,422429,475420,140417,844415,471343,982313,852
Accumulated deficit(547,094)(502,527)(318,005)(253,001)(310,822)(326,828)(230,450)
Total stockholders' equity:(116,588)(72,967)103,819166,510106,30818,50584,465
TOTAL LIABILITIES AND EQUITY:130,476157,761354,631425,890273,806161,648267,872

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues78,85843,043129,146149,16786,26456,55567,030
Revenue, net86,26456,55567,030
Cost of revenue(39,957)(46,284)(91,796)(78,901)(48,302)(48,637)(67,909)
Cost of goods and services sold    (15,197)(18,205)(23,074)
Gross profit:38,901(3,241)37,35070,26637,9627,918(879)
Operating expenses(8,417)(196,177)(63,066)(12,738)(16,625)(81,305)(140,926)
Operating income (loss):30,484(199,418)(25,716)57,52821,337(73,387)(141,805)
Nonoperating income (expense)(75,051)14,896(39,288)293(5,331)(22,991)14,436
Investment income, nonoperating(33,007)42,919(26,766)1112
Other nonoperating income (expense) (69)389(94)(214) (318)
Interest and debt expense (4,108)(543)(440)(423)(1,019)(643)
Income (loss) from continuing operations before equity method investments, income taxes:(44,567)(188,630)(65,547)57,38115,583(97,397)(128,012)
Other undisclosed income from continuing operations before income taxes 4,1085434404231,019643
Income (loss) from continuing operations before income taxes:(44,567)(184,522)(65,004)57,82116,006(96,378)(127,369)
Income tax benefit      279
Net income (loss):(44,567)(184,522)(65,004)57,82116,006(96,378)(127,090)
Other undisclosed net loss attributable to parent      (20)
Net income (loss) available to common stockholders, diluted:(44,567)(184,522)(65,004)57,82116,006(96,378)(127,110)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(44,567)(184,522)(65,004)57,82116,006(96,378)(127,090)
Comprehensive income (loss):(44,567)(184,522)(65,004)57,82116,006(96,378)(127,090)
Other undisclosed comprehensive loss, net of tax, attributable to parent      (20)
Comprehensive income (loss), net of tax, attributable to parent:(44,567)(184,522)(65,004)57,82116,006(96,378)(127,110)

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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