Falcon Minerals Corporation (FLMN) financial statements (2020 and earlier)

Company profile

Business Address 1845 WALNUT STREET, 10TH FLOOR
PHILADELPHIA, PA 19103
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)

9/30/2019
TTM
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments371
Cash and cash equivalents371
Receivables811 
Prepaid expense120
Total current assets:12201
Noncurrent Assets
Property, plant and equipment0  
Oil and gas property, successful effort method220209 
Long-term investments and receivables  276
Long-term investments  276
Deferred income tax assets56
Other noncurrent assets33 
Other undisclosed noncurrent assets 59 
Total noncurrent assets:280271276
TOTAL ASSETS:292291277
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:210
Taxes payable  0
Other undisclosed accounts payable and accrued liabilities210
Other undisclosed current liabilities  0
Total current liabilities:210
Noncurrent Liabilities
Long-term debt and lease obligation3821 
Long-term debt, excluding current maturities3821 
Liabilities, other than long-term debt0  
Other liabilities0  
Other undisclosed noncurrent liabilities  10
Total noncurrent liabilities:382110
Total liabilities:402210
Temporary equity, carrying amount  262
Stockholders' equity
Stockholders' equity attributable to parent, including:1321435
Additional paid in capital1321384
Retained earnings 51
Other undisclosed stockholders' equity attributable to parent  0
Stockholders' equity attributable to noncontrolling interest119127 
Other undisclosed stockholders' equity00 
Total stockholders' equity:2522705
TOTAL LIABILITIES AND EQUITY:292291277

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

9/30/2019
TTM
12/31/2018
12/31/2017
Gross profit:8297 
Operating expenses(32)(34)(0)
Operating income (loss):5063(0)
Nonoperating income (expense)(2)393
Investment income, nonoperating  1
Other nonoperating income001
Interest and debt expense(3)(2) 
Other undisclosed loss from continuing operations before equity method investments, income taxes  (1)
Income from continuing operations before equity method investments, income taxes:451001
Other undisclosed income from continuing operations before income taxes32 
Income from continuing operations before income taxes:481021
Income tax expense(6)(3)(0)
Income from continuing operations:41991
Income from discontinued operations 2 
Net income:411011
Net loss attributable to noncontrolling interest(22)(11) 
Net income attributable to parent:19901
Preferred stock dividends and other adjustments  (1)
Undistributed earnings (loss) allocated to participating securities, basic(0)  
Other undisclosed net income available to common stockholders, basic81  
Net income (loss) available to common stockholders, diluted:10090(1)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
Net income:411011
Comprehensive income:411011
Comprehensive loss, net of tax, attributable to noncontrolling interest(22)(11) 
Comprehensive income, net of tax, attributable to parent:19901

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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