Goodrich Petroleum Corporation (GDP) financial statements (2020 and earlier)

Company profile

Business Address 801 LOUISIANA
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14  12049
Cash and cash equivalents14  12049
Receivables11  1133
Inventory, net of allowances, customer advances and progress billings01  61
Inventory01  61 
Deferred costs     1316
Derivative instruments and hedges, assets91   4712
Deferred tax assets    (16)(1)
Other undisclosed current assets1015  52053
Total current assets:2221  2378133
Noncurrent Assets
Property, plant and equipment209165  71615823
Oil and gas property, successful effort method     613822
Derivative instruments and hedges1     3
Deferred costs    5  
Other noncurrent assets21     
Deferred tax assets, net1   161
Other undisclosed noncurrent assets0   0(600)(808)
Total noncurrent assets:213167  76644841
TOTAL ASSETS:235188  99722974
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities46420 3214199
Accounts payable23260 208751
Accrued liabilities2217  135449
Debt    471 50
Derivative instruments and hedges, liabilities0   004
Asset retirement obligation    000
Deferred tax liabilities   0161
Customer advances and deposits2   
Total current liabilities:46422 503158154
Noncurrent Liabilities
Long-term debt and lease obligation9977   569436
Long-term debt, excluding current maturities9977   569436
Liabilities, other than long-term debt547 41332
Asset retirement obligations447 4621
Deferred tax liabilities, net    69
Other liabilities1   01 
Derivative instruments and hedges, liabilities00   02
Other undisclosed noncurrent liabilities     (2)(4)
Total noncurrent liabilities:104817 4580464
Total liabilities:15012310 507738618
Stockholders' equity
Stockholders' equity attributable to parent, including:8564  (408)(16)357
Common stock00  1399
Treasury stock, value(1)   (0)  
Additional paid in capital8275  1,0701,0671,056
Retained earnings (accumulated deficit)4(11)  (1,492)(1,094)(711)
Other undisclosed stockholders' equity attributable to parent    222
Total stockholders' equity:8564  (408)(16)357
TOTAL LIABILITIES AND EQUITY:23518810 99722974

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues12288  78209203
Revenue, net  79209203
Cost of revenue
(Cost of Goods and Services Sold)
    (1)(39)(38)
Gross profit:12288  76170166
Operating expenses(101)(71)(2) (572)(563)(240)
Other operating income (expense), net     (4)0
Other undisclosed operating income    14238
Operating income (loss):2117(2) (495)(355)(36)
Nonoperating income (expense)1(15)  152(59)
Investment income, nonoperating15(4)  749(1)
Interest and debt expense(11)(12)  63(48)(58)
Income (loss) from continuing operations before equity method investments, income taxes:11(10)(2) (417)(401)(153)
Other undisclosed income (loss) from continuing operations before income taxes1112  (63)4858
Income (loss) from continuing operations before income taxes:222(2) (479)(353)(95)
Income tax benefit 0     
Other undisclosed income from continuing operations0      
Net income (loss) attributable to parent:222(2) (479)(353)(95)
Preferred stock dividends and other adjustments    (95)  
Other undisclosed net income (loss) available to common stockholders, basic    164(30)(19)
Net income (loss) available to common stockholders, basic:222(2) (410)(383)(114)
Interest on convertible debt0      
Net income (loss) available to common stockholders, diluted:222(2) (410)(383)(114)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):222(2) (479)(353)(95)
Comprehensive income (loss), net of tax, attributable to parent:222(2) (479)(353)(95)

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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