Barnwell Industries, Inc. (BRN) Financial Statements (2024 and earlier)

Company Profile

Business Address 1100 ALAKEA ST.
HONOLULU, HI 96813
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,73612,80411,2794,5844,6135,965
Cash and cash equivalents6,73612,80411,2794,5844,6135,965
Receivables4,0084,0383,3272,2441,7082,419
Asset, held-for-sale, not part of disposal group   687699  
Other current assets3,2462,9322,4701,5561,821950
Other undisclosed current assets3083232724045622,748
Total current assets:14,29820,09718,0359,4878,70412,082
Noncurrent Assets
Operating lease, right-of-use asset114132296249 
Nontrade receivables     230429
Property, plant and equipment18,9983694903,7748,38816,411
Oil and gas property, full cost method  13,2323,385   
Long-term investments and receivables    9019801,608
Long-term investments    9019801,608
Other undisclosed noncurrent assets3,4513,3852,229771 848
Total noncurrent assets:22,56317,1186,4005,6959,59819,296
TOTAL ASSETS:36,86137,21524,43515,18218,30231,378
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,3184,0373,6603,8372,5072,899
Employee-related liabilities9991,073408205568
Accounts payable1,8351,4621,4162,1041,2231,191
Accrued liabilities2,4831,5761,1711,3251,0791,140
Deferred revenue 1,087455  
Debt    111  
Asset retirement obligation1,6651,327713647330444
Other liabilities1,3021,9086191,2271,64454
Other undisclosed current liabilities266568454542287232
Total current liabilities:7,5518,9275,9016,3644,7683,629
Noncurrent Liabilities
Long-term debt and lease obligation  161227201  
Long-term debt, excluding current maturities  444758  
Liabilities, other than long-term debt9,1008,9668,80010,57012,03711,510
Deferred rent credit     193107
Asset retirement obligations7,1637,1296,3405,5476,0596,678
Deferred tax liabilities, net315
Deferred income tax liabilities176188359194 
Liability, pension and other postretirement and postemployment benefits1,6701,6492,1014,8295,7854,410
Operating lease, liability91117180143 
Other undisclosed noncurrent liabilities     168 
Total noncurrent liabilities:9,1009,1279,02710,77112,20511,510
Total liabilities:16,65118,05414,92817,13516,97315,139
Equity
Equity, attributable to parent20,17819,1419,499(2,045)1,22916,026
Common stock5,0625,0624,8074,2234,2234,223
Treasury stock, value(2,286)(2,286)(2,286)(2,286)(2,286)(2,286)
Additional paid in capital7,4667,3514,5901,3501,3501,350
Accumulated other comprehensive income (loss)1,2761,29432(1,435)(2,917)(514)
Retained earnings (accumulated deficit)8,6607,7202,356(3,897)85913,253
Equity, attributable to noncontrolling interest3220892100213
Total equity:20,21019,1619,507(1,953)1,32916,239
TOTAL LIABILITIES AND EQUITY:36,86137,21524,43515,18218,30231,378

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

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues30,60228,54518,11318,34712,0759,368
Cost of revenue(18,409)(16,402)(9,985)(13,667)(12,605)(3,650)
Gross profit:12,19312,1438,1284,680(530)5,718
Operating expenses(8,569)(9,024)(6,386)(9,706)(11,842)(4,506)
Operating income (loss):3,6243,1191,742(5,026)(12,372)1,212
Nonoperating income (expense)(360)(466)81862162
Investment income, nonoperating301881862162
Gain (loss), foreign currency transaction, before tax78(484)    
Interest and debt expense(1)(1)136(3)(5)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes361467(144)(15)(57)(3,609)
Income (loss) from continuing operations before equity method investments, income taxes:3,6243,1191,742(5,026)(12,372)(2,242)
Income (loss) from equity method investments2,7313,4005,793352(276)223
Income (loss) from continuing operations before income taxes:6,3556,5197,535(4,674)(12,648)(2,019)
Income tax expense (benefit)(314)(347)(332)(3)231601
Income (loss) from continuing operations:6,0416,1727,203(4,677)(12,417)(1,418)
Income (loss) before gain (loss) on sale of properties:4,8326,1727,203(4,677)(12,417)(1,418)
Net income (loss):6,0416,1727,203(4,677)(12,417)(1,418)
Net income (loss) attributable to noncontrolling interest(512)(659)(950)(79)3(352)
Net income (loss) available to common stockholders, diluted:5,5295,5136,253(4,756)(12,414)(1,770)

Comprehensive Income ($ in thousands)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income (loss):6,0416,1727,203(4,677)(12,417)(1,418)
Other comprehensive income (loss)1,2691,2621,4671,482(2,403)544
Comprehensive income (loss):7,3107,4348,670(3,195)(14,820)(874)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(512)(659)(950)(79)3(352)
Comprehensive income (loss), net of tax, attributable to parent:6,7986,7757,720(3,274)(14,817)(1,226)

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.

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