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 12 445
Cash and cash equivalents 12 445
Receivables 403214102834
Derivative instruments and hedges, assets 10 019120
Assets held-for-sale, not part of disposal group   10 
Prepaid expense and other current assets1
Other current assets 11111 
Other undisclosed current assets     (6) 
Total current assets: 513424333840
Noncurrent Assets
Property, plant and equipment 363238136225323181
Oil and gas property, full cost method     293151
Derivative instruments and hedges 11  8111
Deferred costs    222
Other noncurrent assets 00100 
Prepaid expense and other noncurrent assets0
Other undisclosed noncurrent assets 111 (293)(151)
Total noncurrent assets: 375239138235336184
TOTAL ASSETS: 426274162268375224
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 63572732780
Accounts payable 6357273278 
Accrued liabilities 000000
Debt 001222
Derivative instruments and hedges, liabilities 1112 03
Other undisclosed current liabilities 1111178
Total current liabilities: 646931358183
Noncurrent Liabilities
Long-term debt and lease obligation 18387971387742
Long-term debt, excluding current maturities 18387971387742
Liabilities, other than long-term debt 427  2
Derivative instruments and hedges, liabilities 427  2
Other undisclosed noncurrent liabilities 799101010
Total noncurrent liabilities: 195991121488654
Total liabilities: 259167143183167137
Stockholders' equity
Stockholders' equity attributable to parent 167106198420787
Common stock 221111
Additional paid in capital 418415344314310253
Accumulated other comprehensive loss      (1)
Accumulated deficit (253)(311)(327)(230)(103)(167)
Total stockholders' equity: 167106198420787
TOTAL LIABILITIES AND EQUITY: 426274162268375224

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 14986576713494
Revenue, net86576713494
Cost of revenue (79)(48)(49)(68)(80)(92)
Cost of goods and services sold  (15)(18)(23)(26)(25)
Gross profit: 70388(1)542
Operating expenses (13)(17)(81)(141)(14)12
Operating income (loss): 5821(73)(142)4015
Nonoperating income (expense) 0(5)(23)142224
Investment income, nonoperating 0000272
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: 5716(97)(128)5835
Other undisclosed income from continuing operations before income taxes 001145
Income (loss) from continuing operations before income taxes: 5816(96)(127)6239
Income tax expense (benefit)    00(1)
Net income (loss): 5816(96)(127)6239
Other undisclosed net income (loss) attributable to parent    (0)1 
Net income (loss) available to common stockholders, diluted: 5816(96)(127)6339

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): 5816(96)(127)6239
Comprehensive income (loss): 5816(96)(127)6239
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (0)2(1)
Comprehensive income (loss), net of tax, attributable to parent: 5816(96)(127)6438

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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