Erin Energy Corp (ERINQ) financial statements (2020 and earlier)

Company profile

Business Address 1330 POST OAK BLVD
HOUSTON, TX 77056
State of Incorp. DE
Fiscal Year End December 31
SIC 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22782504
Cash and cash equivalents22782504
Restricted cash and investments12391  
Receivables531116
Inventory, net of allowances, customer advances and progress billings4951
Inventory4951  
Prepaid expense and other current assets1
Other undisclosed current assets91331 
Total current assets:51232732211
Noncurrent Assets
Property, plant and equipment200266350596185189
Oil and gas property, successful effort method   595184189
Regulated entity, other noncurrent assets   2  
Restricted cash and investments   9  
Deferred costs   1  
Other noncurrent assets   00
Prepaid expense and other noncurrent assets0
Assets of disposal group, including discontinued operation 0
Other undisclosed noncurrent assets000(597)(184)(189)
Total noncurrent assets:200266350607185189
TOTAL ASSETS:251289376638187200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2772452131081418
Accounts payable190173153 615
Accrued liabilities 14 73
Employee-related liabilities111  0
Interest and dividends payable333   
Other undisclosed accounts payable and accrued liabilities846753108  
Debt7813986  
Derivative instruments and hedges, liabilities2     
Asset retirement obligation   13  
Due to related parties4030309  
Other undisclosed current liabilities0   6(0)
Total current liabilities:3982873411362018
Noncurrent Liabilities
Long-term debt and lease obligation6174 154  
Long-term debt, excluding current maturities6174 154  
Liabilities, other than long-term debt154152141750 
Asset retirement obligations24222114  
Due to related parties13013012061  
Other liabilities   00 
Other undisclosed noncurrent liabilities   (61) 1
Total noncurrent liabilities:21622714116801
Total liabilities:6145144823042019
Stockholders' equity
Stockholders' equity attributable to parent, including:(363)(225)(107)333167181
Common stock000100
Treasury stock, value(1)(0)    
Additional paid in capital807793790777465463
Accumulated other comprehensive income    00
Accumulated deficit(1,170)(1,018)(896)(445)(298)(282)
Other undisclosed stockholders' equity attributable to parent    (0) 
Stockholders' equity attributable to noncontrolling interest1111  
Other undisclosed stockholders' equity     (0)
Total stockholders' equity:(363)(225)(106)334167181
TOTAL LIABILITIES AND EQUITY:251289376638187200

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
101786854817
Cost of revenue(137)(159)(189)(116) (0)
Cost of goods and services sold(80)(102)(91)(95) (0)
Gross profit:(36)(81)(121)(63)816
Operating expenses(96)(56)(316)(31)(24)(25)
Other operating income, net
(Other Expenses)
     1
Other undisclosed operating income (loss)2   1(0)
Operating loss:(131)(137)(437)(93)(16)(9)
Nonoperating income (expense)(22)(6)(15)(3)0 
Foreign currency transaction gain, before tax51632  
Other nonoperating income (expense)   (0)0 
Interest and debt expense(28)(22)(18)(4)(0)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes28221840(0)
Loss from continuing operations:(153)(143)(452)(96)(16)(9)
Income (loss) from discontinued operations    (0)3
Net loss:(153)(143)(452)(96)(16)(6)
Net income attributable to noncontrolling interest1110 0
Net loss available to common stockholders, diluted:(152)(142)(451)(96)(16)(6)

Comprehensive Income ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(153)(143)(452)(96)(16)(6)
Other comprehensive loss    (0) 
Other undisclosed comprehensive income     0
Comprehensive loss:(153)(143)(452)(96)(16)(6)
Comprehensive income, net of tax, attributable to noncontrolling interest1110 0
Comprehensive loss, net of tax, attributable to parent:(152)(142)(451)(96)(16)(6)

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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