Carbon Energy Corporation (CRBO) financial statements (2023 and earlier)

Company profile

Business Address 1700 BROADWAY, SUITE 1170
DENVER, CO 80290
State of Incorp. DE
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 thousands)

12/31/2019
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 investments9045,7361,6508583051,132243
Cash and cash equivalents9045,7361,6508583051,132243
Receivables14,4381,7702,0752,3691,0822,2872,551
Inventory, net of allowances, customer advances and progress billings2,512900    
Inventory2,512900     
Derivative instruments and hedges, assets5,9151,339215 4081,322 
Other undisclosed current assets2,50024,2654,1402,5569911,179722
Total current assets:26,26934,0108,0805,7832,7865,9203,516
Noncurrent Assets
Operating lease, right-of-use asset6,104
Property, plant and equipment263,000271,43436,86235,53628,46433,79141,555
Oil and gas property, full cost method     33,48741,268
Long-term investments and receivables62559814,2676681,0251,0091,002
Long-term investments62559814,2676681,0251,0091,002
Derivative instruments and hedges1,1643,505     
Other noncurrent assets1,0921,344800725433911688
Other undisclosed noncurrent assets     (33,487)(41,268)
Total noncurrent assets:271,985276,88151,92936,92929,92235,71143,245
TOTAL ASSETS:298,254310,89160,00942,71232,70841,63146,761
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:35,15734,81611,2189,1215,6217,7926,605
Accounts payable14,88710,3455,0503,7301,7982,038 
Accrued liabilities4945,441247184132210 
Taxes payable     377 
Other undisclosed accounts payable and accrued liabilities19,77619,0305,9215,2073,6915,1676,605
Debt1,625      
Derivative instruments and hedges, liabilities469  1,341  226
Asset retirement obligation5,021    152240
Other undisclosed current liabilities6,4466,129127561436335316
Total current liabilities:48,71840,94511,34511,0236,0578,2797,387
Noncurrent Liabilities
Long-term debt and lease obligation4,383109,13822,14016,2303,5002,10012,789
Long-term debt, excluding current maturities 109,13822,14016,2303,5002,10012,789
Operating lease, liability4,383
Liabilities, other than long-term debt62,34269,1307,3575,5973,0952,9682,799
Asset retirement obligations17,51419,2117,3575,0063,0952,9682,699
Due to related parties44,74149,919     
Derivative instruments and hedges, liabilities87  591  100
Other undisclosed noncurrent liabilities106,59015,6432,6718894168521,340
Total noncurrent liabilities:173,315193,91132,16822,7167,0115,92016,928
Total liabilities:222,033234,85643,51333,73913,06814,19924,315
Stockholders' equity
Stockholders' equity attributable to parent50,07147,75114,6557,10817,34124,39719,401
Preferred stock11     
Common stock7877601,0961,0771,0691,145
Additional paid in capital85,83484,61258,81356,54854,39453,16055,029
Accumulated deficit(35,842)(36,939)(44,218)(50,536)(38,130)(29,832)(36,773)
Stockholders' equity attributable to noncontrolling interest26,15028,2841,8411,8652,2993,0353,045
Total stockholders' equity:76,22176,03516,4968,97319,64027,43222,446
TOTAL LIABILITIES AND EQUITY:298,254310,89160,00942,71232,70841,63146,761

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues116,62553,05122,4738,19511,67824,07618,638
Revenue, net22,4738,19511,67824,07618,638
Cost of revenue(71,144)(23,357)(11,548)(7,350)(7,863)(9,597)(8,276)
Cost of goods and services sold(6,086)(4,453)(8,313)(4,820)(4,620)(5,141)(4,229)
Gross profit:45,48129,69410,9258453,81514,47910,362
Operating expenses(33,724)(19,076)(7,717)(13,363)(12,534)(6,404)(5,422)
Operating income (loss):11,75710,6183,208(12,518)(8,719)8,0754,940
Nonoperating income (expense)(12,758)2,1613,117(301)(215)(463)(672)
Investment income, nonoperating   49   
Interest and debt expense(846)(786)(176)(367)(201)(471)(581)
Other undisclosed income from continuing operations before equity method investments, income taxes   12,846   
Income (loss) from continuing operations before equity method investments, income taxes:(1,847)11,9936,149(340)(9,135)7,1413,687
Income (loss) from equity method investments   (17) 8(91)
Other undisclosed income (loss) from continuing operations before income taxes846786176(12,462)201463672
Income (loss) from continuing operations before income taxes:(1,001)12,7796,325(12,819)(8,934)7,6124,268
Income tax expense (benefit)  744,4723,733(377) 
Income (loss) before gain (loss) on sale of properties:(1,001)12,7796,399(8,347)(5,201)7,2354,268
Other undisclosed net loss   (4,472)(3,733)  
Net income (loss):(1,001)12,7796,399(12,819)(8,934)7,2354,268
Net income (loss) attributable to noncontrolling interest(2,098)(4,375)81413636(294)18
Other undisclosed net income (loss) attributable to parent4,196(1,349)(162)    
Net income (loss) attributable to parent:1,0977,0556,318(12,406)(8,298)6,9414,286
Preferred stock dividends and other adjustments(300)      
Net income (loss) available to common stockholders, diluted:7977,0556,318(12,406)(8,298)6,9414,286

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(1,001)12,7796,399(12,819)(8,934)7,2354,268
Comprehensive income (loss):(1,001)12,7796,399(12,819)(8,934)7,2354,268
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2,098)(4,375)81413636(294)(18)
Comprehensive income (loss), net of tax, attributable to parent:(3,099)8,4046,480(12,406)(8,298)6,9414,250

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: