Abraxas Petroleum Corporation (AXAS) financial statements (2021 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)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  12 44
Cash and cash equivalents  12 44
Receivables 204032141028
Derivative instruments and hedges, assets 010 01912
Assets held-for-sale, not part of disposal group    10 
Other current assets 111111
Other undisclosed current assets      (6)
Total current assets: 215134243338
Noncurrent Assets
Operating lease, right-of-use asset 0
Property, plant and equipment 329363238136225323
Oil and gas property, full cost method      293
Derivative instruments and hedges 411  811
Deferred costs     22
Other noncurrent assets 000100
Other undisclosed noncurrent assets  111 (293)
Total noncurrent assets: 334375239138235336
TOTAL ASSETS: 355426274162268375
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 386357273278
Accounts payable 376357273278
Accrued liabilities 000000
Interest and dividends payable 0     
Debt 000122
Derivative instruments and hedges, liabilities 111112 0
Other liabilities 1     
Other undisclosed current liabilities 011111
Total current liabilities: 496469313581
Noncurrent Liabilities
Long-term debt and lease obligation 193183879713877
Long-term debt, excluding current maturities 193183879713877
Operating lease, liability 0
Liabilities, other than long-term debt 1427  
Derivative instruments and hedges, liabilities 1427  
Other undisclosed noncurrent liabilities 77991010
Total noncurrent liabilities: 2011959911214886
Total liabilities: 251259167143183167
Stockholders' equity
Stockholders' equity attributable to parent 1041671061984207
Common stock 222111
Additional paid in capital 420418415344314310
Accumulated deficit (318)(253)(311)(327)(230)(103)
Total stockholders' equity: 1041671061984207
TOTAL LIABILITIES AND EQUITY: 355426274162268375

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 129149865767134
Revenue, net865767134
Cost of revenue (92)(79)(48)(49)(68)(80)
Cost of goods and services sold   (15)(18)(23)(26)
Gross profit: 3770388(1)54
Operating expenses (63)(13)(17)(81)(141)(14)
Operating income (loss): (26)5821(73)(142)40
Nonoperating income (expense) (39)0(5)(23)1422
Investment income, nonoperating (27)000027
Other nonoperating income (expense) 0(0)(0) (0)0
Interest and debt expense (1)(0)(0)(1)(1)(4)
Income (loss) from continuing operations before equity method investments, income taxes: (66)5716(97)(128)58
Other undisclosed income from continuing operations before income taxes 100114
Income (loss) from continuing operations before income taxes: (65)5816(96)(127)62
Income tax benefit     00
Net income (loss): (65)5816(96)(127)62
Other undisclosed net income (loss) attributable to parent     (0)1
Net income (loss) available to common stockholders, diluted: (65)5816(96)(127)63

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (65)5816(96)(127)62
Comprehensive income (loss): (65)5816(96)(127)62
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     (0)2
Comprehensive income (loss), net of tax, attributable to parent: (65)5816(96)(127)64

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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