BPZ Resources Inc (BPZ) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
580 WESTLAKE PARK BLVD. HOUSTON, TX 77079 |
| State of Incorp. | TX |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2015 MRQ | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 62,149 | 57,395 | 83,540 | |||
| Cash and cash equivalents | 62,149 | 57,395 | 83,540 | |||
| Receivables | 6,401 | 21,630 | 24,523 | |||
| Inventory, net of allowances, customer advances and progress billings | 11,878 | 17,368 | 19,851 | |||
| Inventory | 11,878 | 17,368 | 19,851 | |||
| Prepaid expense | 3,184 | 4,327 | ✕ | |||
| Deferred costs | 1,944 | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 5,734 | ||
| Income taxes receivable | ✕ | ✕ | 2,134 | |||
| Other undisclosed current assets | 976 | 12,832 | 45,698 | |||
| Total current assets: | 86,532 | 115,686 | 179,346 | |||
| Noncurrent Assets | ||||||
| Nontrade receivables | 2,150 | ✕ | ✕ | |||
| Property, plant and equipment | 165,971 | 217,753 | 238,557 | |||
| Oil and gas property, successful effort method | 147,071 | |||||
| Restricted cash and investments | 2,209 | 4,109 | 47,670 | |||
| Deferred costs | 3,293 | 4,768 | ||||
| Other noncurrent assets | 2,150 | 5,065 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | 5,983 | ||
| Deferred tax assets, net | 33,997 | 63,602 | 55,242 | |||
| Other undisclosed noncurrent assets | (148,720) | (2,759) | (4,136) | |||
| Total noncurrent assets: | 204,828 | 291,063 | 348,084 | |||
| TOTAL ASSETS: | 291,360 | 406,749 | 527,430 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 15,787 | 14,373 | 88,243 | |||
| Interest and dividends payable | 4,883 | |||||
| Taxes payable | 32,252 | |||||
| Accounts payable | 4,380 | 3,127 | 21,978 | |||
| Accrued liabilities | 6,524 | 11,246 | 34,013 | |||
| Debt | 214,312 | 24,046 | ||||
| Derivative instruments and hedges, liabilities | 30 | 2,984 | ||||
| Other liabilities | 22,533 | 24,494 | ||||
| Other undisclosed current liabilities | 5,119 | 5,234 | ||||
| Total current liabilities: | 252,632 | 44,016 | 120,507 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation, including: | 206,939 | 197,160 | ||||
| Long-term debt, excluding current maturities | 206,939 | 170,900 | ||||
| Other undisclosed long-term debt and lease obligation | 26,260 | |||||
| Liabilities, other than long-term debt | 5,330 | 18,319 | 23,463 | |||
| Asset retirement obligations | 5,330 | 1,564 | 2,708 | |||
| Other liabilities | 16,755 | 20,755 | ||||
| Total noncurrent liabilities: | 5,330 | 225,258 | 220,623 | |||
| Total liabilities: | 257,962 | 269,274 | 341,130 | |||
| Equity | ||||||
| Equity, attributable to parent | 33,398 | 137,475 | 186,300 | |||
| Common stock | 572,890 | 569,061 | 560,175 | |||
| Accumulated deficit | (539,492) | (431,586) | (373,875) | |||
| Total equity: | 33,398 | 137,475 | 186,300 | |||
| TOTAL LIABILITIES AND EQUITY: | 291,360 | 406,749 | 527,430 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 83,897 | 50,729 | 122,958 | ||
| Cost of revenue | (41,908) | (46,378) | (93,378) | ||
| Cost of goods and services sold | (28,571) | (24,893) | (52,458) | ||
| Gross profit: | 41,989 | 4,351 | 29,580 | ||
| Operating expenses | (99,664) | (40,765) | (58,187) | ||
| Operating loss: | (57,675) | (36,414) | (28,607) | ||
| Nonoperating expense | (19,257) | (27,072) | (26,096) | ||
| Other nonoperating expense | (351) | (4,268) | (159) | ||
| Interest and debt expense | (19,915) | (23,380) | (23,433) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 19,915 | 23,380 | 23,433 | ||
| Loss from continuing operations before income taxes: | (76,932) | (63,486) | (54,703) | ||
| Income tax expense (benefit) | (30,974) | 5,775 | 15,614 | ||
| Loss from continuing operations: | (107,906) | (57,711) | (39,089) | ||
| Loss before gain (loss) on sale of properties: | (107,906) | (57,711) | (39,089) | ||
| Net loss available to common stockholders, diluted: | (107,906) | (57,711) | (39,089) | ||
Comprehensive Income ($ in thousands)
| 3/31/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net loss: | (107,906) | (57,711) | (39,089) | ||
| Comprehensive loss, net of tax, attributable to parent: | (107,906) | (57,711) | (39,089) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.