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)

12/31/2019
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 equipment1  
Oil and gas property, successful effort method219209 
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:279271276
TOTAL ASSETS:290291277
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 obligation4321 
Long-term debt, excluding current maturities4321 
Liabilities, other than long-term debt0  
Other liabilities0  
Other undisclosed noncurrent liabilities  10
Total noncurrent liabilities:432110
Total liabilities:452210
Temporary equity, carrying amount  262
Stockholders' equity
Stockholders' equity attributable to parent, including:1291435
Additional paid in capital1291384
Retained earnings 51
Other undisclosed stockholders' equity attributable to parent  0
Stockholders' equity attributable to noncontrolling interest116127 
Other undisclosed stockholders' equity00 
Total stockholders' equity:2452705
TOTAL LIABILITIES AND EQUITY:290291277

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

12/31/2019
12/31/2018
12/31/2017
Gross profit:6897 
Operating expenses(31)(34)(0)
Operating income (loss):3763(0)
Nonoperating income (expense)(2)393
Investment income, nonoperating  1
Other nonoperating income001
Interest and debt expense(2)(2) 
Other undisclosed loss from continuing operations before equity method investments, income taxes  (1)
Income from continuing operations before equity method investments, income taxes:321001
Other undisclosed income from continuing operations before income taxes22 
Income from continuing operations before income taxes:351021
Income tax expense(4)(3)(0)
Income from continuing operations:31991
Income from discontinued operations 2 
Net income:311011
Net loss attributable to noncontrolling interest(17)(11) 
Net income attributable to parent:14901
Preferred stock dividends and other adjustments  (1)
Undistributed earnings (loss) allocated to participating securities, basic(0)  
Net income (loss) available to common stockholders, diluted:1490(1)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
Net income:311011
Comprehensive income:311011
Comprehensive loss, net of tax, attributable to noncontrolling interest(17)(11) 
Comprehensive income, net of tax, attributable to parent:14901

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: