Abraxas Petroleum Corporation (AXAS) financial statements (2020 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 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 | 1 | 2 | 4 | 4 | 5 | ||||
| Cash and cash equivalents | 1 | 2 | 4 | 4 | 5 | ||||
| Receivables | 40 | 32 | 14 | 10 | 28 | 34 | |||
| Derivative instruments and hedges, assets | 10 | 0 | 19 | 12 | 0 | ||||
| Assets held-for-sale, not part of disposal group | 10 | ✕ | ✕ | ||||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1 | ||
| Other current assets | 1 | 1 | 1 | 1 | 1 | ||||
| Other undisclosed current assets | (6) | ||||||||
| Total current assets: | 51 | 34 | 24 | 33 | 38 | 40 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 363 | 238 | 136 | 225 | 323 | 181 | |||
| Oil and gas property, full cost method | 293 | 151 | |||||||
| Derivative instruments and hedges | 11 | 8 | 11 | 1 | |||||
| Deferred costs | 2 | 2 | 2 | ||||||
| Other noncurrent assets | 0 | 0 | 1 | 0 | 0 | ||||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 0 | ||
| Other undisclosed noncurrent assets | 1 | 1 | 1 | (293) | (151) | ||||
| Total noncurrent assets: | 375 | 239 | 138 | 235 | 336 | 184 | |||
| TOTAL ASSETS: | 426 | 274 | 162 | 268 | 375 | 224 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 63 | 57 | 27 | 32 | 78 | 0 | |||
| Accounts payable | 63 | 57 | 27 | 32 | 78 | ||||
| Accrued liabilities | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Debt | 0 | 0 | 1 | 2 | 2 | 2 | |||
| Derivative instruments and hedges, liabilities | 1 | 11 | 2 | 0 | 3 | ||||
| Other undisclosed current liabilities | 1 | 1 | 1 | 1 | 1 | 78 | |||
| Total current liabilities: | 64 | 69 | 31 | 35 | 81 | 83 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 183 | 87 | 97 | 138 | 77 | 42 | |||
| Long-term debt, excluding current maturities | 183 | 87 | 97 | 138 | 77 | 42 | |||
| Liabilities, other than long-term debt | 4 | 2 | 7 | 2 | |||||
| Derivative instruments and hedges, liabilities | 4 | 2 | 7 | 2 | |||||
| Other undisclosed noncurrent liabilities | 7 | 9 | 9 | 10 | 10 | 10 | |||
| Total noncurrent liabilities: | 195 | 99 | 112 | 148 | 86 | 54 | |||
| Total liabilities: | 259 | 167 | 143 | 183 | 167 | 137 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 167 | 106 | 19 | 84 | 207 | 87 | |||
| Common stock | 2 | 2 | 1 | 1 | 1 | 1 | |||
| Additional paid in capital | 418 | 415 | 344 | 314 | 310 | 253 | |||
| Accumulated other comprehensive loss | (1) | ||||||||
| Accumulated deficit | (253) | (311) | (327) | (230) | (103) | (167) | |||
| Total stockholders' equity: | 167 | 106 | 19 | 84 | 207 | 87 | |||
| TOTAL LIABILITIES AND EQUITY: | 426 | 274 | 162 | 268 | 375 | 224 | |||
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 | 149 | 86 | 57 | 67 | 134 | 94 | ||
| Revenue, net | ✕ | ✕ | 86 | 57 | 67 | 134 | 94 | |
| Cost of revenue | (79) | (48) | (49) | (68) | (80) | (92) | ||
| Cost of goods and services sold | (15) | (18) | (23) | (26) | (25) | |||
| Gross profit: | 70 | 38 | 8 | (1) | 54 | 2 | ||
| Operating expenses | (13) | (17) | (81) | (141) | (14) | 12 | ||
| Operating income (loss): | 58 | 21 | (73) | (142) | 40 | 15 | ||
| Nonoperating income (expense) | 0 | (5) | (23) | 14 | 22 | 24 | ||
| Investment income, nonoperating | 0 | 0 | 0 | 0 | 27 | 2 | ||
| Other nonoperating income (expense) | (0) | (0) | (0) | 0 | (1) | |||
| Interest and debt expense | (0) | (0) | (1) | (1) | (4) | (5) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 57 | 16 | (97) | (128) | 58 | 35 | ||
| Other undisclosed income from continuing operations before income taxes | 0 | 0 | 1 | 1 | 4 | 5 | ||
| Income (loss) from continuing operations before income taxes: | 58 | 16 | (96) | (127) | 62 | 39 | ||
| Income tax expense (benefit) | 0 | 0 | (1) | |||||
| Net income (loss): | 58 | 16 | (96) | (127) | 62 | 39 | ||
| Other undisclosed net income (loss) attributable to parent | (0) | 1 | ||||||
| Net income (loss) available to common stockholders, diluted: | 58 | 16 | (96) | (127) | 63 | 39 | ||
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): | 58 | 16 | (96) | (127) | 62 | 39 | ||
| Comprehensive income (loss): | 58 | 16 | (96) | (127) | 62 | 39 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (0) | 2 | (1) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 58 | 16 | (96) | (127) | 64 | 38 | ||
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.