Goodrich Petroleum Corporation (GDP) Financial Statements (2024 and earlier)

Company Profile

Business Address 801 LOUISIANA
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2021
MRQ
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,3601,4524,068  11,782
Cash and cash equivalents 1,3601,4524,068  11,782
Receivables 9201,131744  1,255
Inventory, net of allowances, customer advances and progress billings 130234596  5,652
Inventory 130234596  5,652
Derivative instruments and hedges, assets 1438,537803   
Other undisclosed current assets 11,47111,89414,997  4,540
Total current assets: 14,02423,24821,208  23,229
Noncurrent Assets
Property, plant and equipment 189,218213,308165,190  70,532
Derivative instruments and hedges  31    
Deferred costs      5,186
Deferred income tax assets  393
Other noncurrent assets 1,8352,338580   
Deferred tax assets, net786   
Other undisclosed noncurrent assets      26
Total noncurrent assets: 191,053216,070166,556  75,744
TOTAL ASSETS: 205,077239,318187,764  98,973
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 40,67742,96342,252227 32,181
Accounts payable 27,81126,34825,734227 19,673
Accrued liabilities 12,86616,61516,518  12,508
Debt      470,603
Derivative instruments and hedges, liabilities 1,274    30
Asset retirement obligation      83
Deferred tax liabilities   26
Customer advances and deposits2,193  
Total current liabilities: 41,95142,96342,2522,420 502,923
Noncurrent Liabilities
Long-term debt and lease obligation 112,969105,23576,820   
Long-term debt, excluding current maturities 110,159104,43576,820   
Liabilities, other than long-term debt 8,5876,9554,2627,200 4,135
Asset retirement obligations 4,7164,1693,7917,200 3,645
Other liabilities      490
Operating lease, liability 2,810800
Derivative instruments and hedges, liabilities 3,8712,786471   
Total noncurrent liabilities: 121,556112,19081,0827,200 4,135
Total liabilities: 163,507155,153123,3349,620 507,058
Equity
Equity, attributable to parent, including: 41,57084,16564,430  (408,085)
Common stock 134125122  12,782
Treasury stock, value      (41)
Additional paid in capital 82,84281,30574,861  1,069,673
Retained earnings (accumulated deficit) (41,406)2,735(10,553)  (1,492,001)
Other undisclosed equity, attributable to parent      1,502
Total equity: 41,57084,16564,430  (408,085)
TOTAL LIABILITIES AND EQUITY: 205,077239,318187,7649,620 98,973

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 93,826118,35087,996  77,650
Revenue, net  79,077
Cost of revenue
(Cost of Goods and Services Sold)
      (1,168)
Gross profit: 93,826118,35087,996  76,482
Operating expenses (135,479)(107,250)(70,576)(1,700) (572,189)
Other undisclosed operating income      1,168
Operating income (loss): (41,653)11,10017,420(1,700) (494,539)
Nonoperating income (expense) (2,488)2,188(15,422)  15,115
Investment income, nonoperating 4,40815,010(3,986)  7,367
Interest and debt expense (7,049)(1,846)(11,944)  62,600
Income (loss) from continuing operations before equity method investments, income taxes: (51,190)11,442(9,946)(1,700) (416,824)
Other undisclosed income (loss) from continuing operations before income taxes 7,0491,84611,639  (62,600)
Income (loss) from continuing operations before income taxes: (44,141)13,2881,693(1,700) (479,424)
Income tax benefit   57   
Income (loss) from continuing operations: (44,141)13,2881,750(1,700) (479,424)
Income (loss) before gain (loss) on sale of properties:(44,141)13,2881,750(1,700) (479,424)
Net income (loss) attributable to parent: (44,141)13,2881,750(1,700) (479,424)
Preferred stock dividends and other adjustments      (94,869)
Other undisclosed net income available to common stockholders, basic      164,413
Net income (loss) available to common stockholders, diluted: (44,141)13,2881,750(1,700) (409,880)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (44,141)13,2881,750(1,700) (479,424)
Comprehensive income (loss), net of tax, attributable to parent: (44,141)13,2881,750(1,700) (479,424)

Statements Sources

The financial statements are based on the Company's filings with 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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