Goodrich Petroleum Corporation (GDP) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments114  120
Cash and cash equivalents114  120
Receivables111  113
Inventory, net of allowances, customer advances and progress billings001  61
Inventory001  61
Deferred costs      13
Derivative instruments and hedges, assets091   47
Deferred tax assets    (16)
Other undisclosed current assets111215  520
Total current assets:142321  2378
Noncurrent Assets
Property, plant and equipment189213165  71615
Oil and gas property, successful effort method      613
Derivative instruments and hedges 0     
Deferred costs     5 
Deferred income tax assets 0
Other noncurrent assets221    
Deferred tax assets, net1   16
Other undisclosed noncurrent assets     0(600)
Total noncurrent assets:191216167  76644
TOTAL ASSETS:205239188  99722
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4143420 32141
Accounts payable2826260 2087
Accrued liabilities131717  1354
Debt     471 
Derivative instruments and hedges, liabilities1    00
Asset retirement obligation     00
Deferred tax liabilities   016
Customer advances and deposits2   
Total current liabilities:4243422 503158
Noncurrent Liabilities
Long-term debt and lease obligation11310577   569
Long-term debt, excluding current maturities11010477   569
Operating lease, liability31
Liabilities, other than long-term debt9747 413
Asset retirement obligations5447 46
Deferred tax liabilities, net    6
Other liabilities     01
Derivative instruments and hedges, liabilities430   0
Other undisclosed noncurrent liabilities      (2)
Total noncurrent liabilities:122112817 4580
Total liabilities:16415512310 507738
Stockholders' equity
Stockholders' equity attributable to parent, including:428464  (408)(16)
Common stock000  139
Treasury stock, value     (0) 
Additional paid in capital838175  1,0701,067
Retained earnings (accumulated deficit)(41)3(11)  (1,492)(1,094)
Other undisclosed stockholders' equity attributable to parent     22
Total stockholders' equity:428464  (408)(16)
TOTAL LIABILITIES AND EQUITY:20523918810 99722

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues9411888  78209
Revenue, net  79209
Cost of revenue
(Cost of Goods and Services Sold)
     (1)(39)
Gross profit:9411888  76170
Operating expenses(135)(107)(71)(2) (572)(563)
Other operating expense, net      (4)
Other undisclosed operating income     142
Operating income (loss):(42)1117(2) (495)(355)
Nonoperating income (expense)(2)2(15)  152
Investment income, nonoperating415(4)  749
Interest and debt expense(7)(2)(12)  63(48)
Income (loss) from continuing operations before equity method investments, income taxes:(51)11(10)(2) (417)(401)
Other undisclosed income (loss) from continuing operations before income taxes7212  (63)48
Income (loss) from continuing operations before income taxes:(44)132(2) (479)(353)
Income tax benefit  0    
Net income (loss) attributable to parent:(44)132(2) (479)(353)
Preferred stock dividends and other adjustments     (95) 
Other undisclosed net income (loss) available to common stockholders, basic     164(30)
Net income (loss) available to common stockholders, diluted:(44)132(2) (410)(383)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(44)132(2) (479)(353)
Comprehensive income (loss), net of tax, attributable to parent:(44)132(2) (479)(353)

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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