ENERGY XXI GULF COAST, INC. (EGC) financial statements (2020 and earlier)

Company profile

Business Address 1021 MAIN STREET
HOUSTON, TX 77002
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 millions)

6/30/2018
TTM
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 152
Cash and cash equivalents 152
Restricted cash and investments 6
Receivables 78
Inventory, net of allowances, customer advances and progress billings 0
Inventory 0
Prepaid expense 20
Other undisclosed current assets 1
Total current assets: 257
Noncurrent Assets
Property, plant and equipment 775
Other noncurrent assets 45
Total noncurrent assets: 820
TOTAL ASSETS: 1,077
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 131
Accounts payable 85
Accrued liabilities 45
Derivative instruments and hedges, liabilities 33
Asset retirement obligation 51
Other undisclosed current liabilities 0
Total current liabilities: 215
Noncurrent Liabilities
Long-term debt and lease obligation, including: 74
Other undisclosed long-term debt and lease obligation 74
Liabilities, other than long-term debt 624
Asset retirement obligations 613
Other liabilities 11
Total noncurrent liabilities: 698
Total liabilities: 913
Stockholders' equity
Stockholders' equity attributable to parent 164
Common stock 0
Additional paid in capital 911
Accumulated deficit (747)
Total stockholders' equity: 164
TOTAL LIABILITIES AND EQUITY: 1,077

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

6/30/2018
TTM
12/31/2017
Revenues 512
Cost of revenue (529)
Cost of goods and services sold (320)
Gross profit: (17)
Operating expenses (309)
Operating loss: (326)
Nonoperating expense (15)
Interest and debt expense (15)
Loss from continuing operations before equity method investments, income taxes: (356)
Other undisclosed income from continuing operations before income taxes 15
Net loss available to common stockholders, diluted: (341)

Comprehensive Income ($ in millions)

6/30/2018
TTM
12/31/2017
Net loss: (341)
Comprehensive loss, net of tax, attributable to parent: (341)

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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