Falcon Minerals Corporation (FLMN) financial statements (2022 and earlier)

Company profile

Business Address 510 MADISON AVENUE 8TH FLOOR
NEW YORK, NY 10022
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)

Current Assets
Cash, cash equivalents, and short-term investments2,7682,7242,5437,3171,170
Cash and cash equivalents2,7682,7242,5437,3171,170
Prepaid expense1,2207661,1821,524145
Total current assets:14,0068,90911,61420,1121,315
Noncurrent Assets
Property, plant and equipment322427517  
Oil and gas property, successful effort method193,544207,505219,192209,168 
Long-term investments and receivables    276,044
Long-term investments    276,044
Deferred income tax assets52,13555,77356,352
Other noncurrent assets1,8343,0152,5303,182 
Other undisclosed noncurrent assets   58,773 
Total noncurrent assets:247,835266,720278,591271,123276,044
TOTAL ASSETS:261,841275,629290,205291,235277,358
Current Liabilities
Accounts payable and accrued liabilities, including:3,4711,5402,206521191
Taxes payable    143
Other undisclosed accounts payable and accrued liabilities3,4711,5402,20652148
Other liabilities5021,557   
Other undisclosed current liabilities    143
Total current liabilities:3,9733,0972,206521334
Noncurrent Liabilities
Long-term debt and lease obligation40,60040,60042,50021,000 
Long-term debt, excluding current maturities40,00039,80042,50021,000 
Operating lease, liability600800 
Liabilities, other than long-term debt576828473  
Other liabilities576828473  
Other undisclosed noncurrent liabilities2,4362,703  9,625
Total noncurrent liabilities:43,61244,13142,97321,0009,625
Total liabilities:47,58547,22845,17921,5219,959
Temporary equity, carrying amount    262,400
Stockholders' equity
Stockholders' equity attributable to parent, including:130,661139,755129,127142,6765,000
Additional paid in capital121,029121,053129,127137,8664,477
Retained earnings9,63218,702 4,810522
Other undisclosed stockholders' equity attributable to parent    1
Stockholders' equity attributable to noncontrolling interest83,58688,637115,890127,029 
Other undisclosed stockholders' equity9999 
Total stockholders' equity:214,256228,401245,026269,7145,000
TOTAL LIABILITIES AND EQUITY:261,841275,629290,205291,235277,358

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

Gross profit:68,00838,88168,46397,199 
Operating expenses(35,050)(30,900)(31,307)(34,017)(378)
Operating income (loss):32,9587,98137,15663,182(378)
Nonoperating income (expense)(1,407)3,056(2,324)39,0782,541
Investment income, nonoperating    1,270
Other nonoperating income50125165461,270
Interest and debt expense(1,924)(2,197)(2,489)(2,350) 
Other undisclosed loss from continuing operations before equity method investments, income taxes    (1,270)
Income from continuing operations before equity method investments, income taxes:29,6278,84032,34399,910892
Other undisclosed income from continuing operations before income taxes1,9242,1972,4892,350 
Income from continuing operations before income taxes:31,55111,03734,832102,260892
Income tax expense(4,059)(589)(3,918)(3,292)(370)
Income from continuing operations:27,49210,44830,91498,968522
Income from discontinued operations   2,139 
Net income:27,49210,44830,914101,107522
Net loss attributable to noncontrolling interest(14,336)(2,748)(16,564)(10,982) 
Net income attributable to parent:13,1567,70014,35090,125522
Preferred stock dividends and other adjustments    (1,072)
Undistributed earnings (loss) allocated to participating securities, basic(255)(64)(115)  
Other undisclosed net income available to common stockholders, basic 64   
Net income (loss) available to common stockholders, basic:12,9017,70014,23590,125(549)
Other undisclosed net income available to common stockholders, diluted 2,172   
Net income (loss) available to common stockholders, diluted:12,9019,87214,23590,125(549)

Comprehensive Income ($ in thousands)

Net income:27,49210,44830,914101,107522
Comprehensive income:27,49210,44830,914101,107522
Comprehensive loss, net of tax, attributable to noncontrolling interest(14,336)(2,748)(16,564)(10,982) 
Comprehensive income, net of tax, attributable to parent:13,1567,70014,35090,125522

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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