GLORI ENERGY INC (GLRI) financial statements (2020 and earlier)

Company profile

Business Address 4315 SOUTH DRIVE
HOUSTON, TX 77053
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)

12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments830
Cash and cash equivalents830
Receivables11
Inventory, net of allowances, customer advances and progress billings 0
Inventory 0
Derivative instruments and hedges, assets36
Other undisclosed current assets0(3)
Total current assets:1434
Noncurrent Assets
Property, plant and equipment66
Oil and gas property, successful effort method4846
Derivative instruments and hedges 6
Deferred costs00
Deferred tax assets, net11
Other undisclosed noncurrent assets(48)(26)
Total noncurrent assets:933
TOTAL ASSETS:2267
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:12
Accounts payable 2
Accrued liabilities 2
Employee-related liabilities01
Taxes payable00
Interest and dividends payable00
Other undisclosed accounts payable and accrued liabilities1(3)
Debt02
Deferred revenue and credits 1
Deferred tax liabilities11
Other undisclosed current liabilities12
Total current liabilities:48
Noncurrent Liabilities
Long-term debt and lease obligation1017
Long-term debt, excluding current maturities1017
Liabilities, other than long-term debt11
Asset retirement obligations1 
Other liabilities 1
Total noncurrent liabilities:1218
Total liabilities:1626
Stockholders' equity
Stockholders' equity attributable to parent741
Common stock00
Additional paid in capital107105
Accumulated deficit(100)(64)
Total stockholders' equity:741
TOTAL LIABILITIES AND EQUITY:2267

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

12/31/2015
12/31/2014
Revenues
(Revenue, Net)
916
Cost of revenue
(Cost of Goods and Services Sold)
(10)(11)
Gross profit:(1)5
Operating expenses(48)(40)
Other undisclosed operating income1011
Operating loss:(39)(24)
Nonoperating income25
Other nonoperating income00
Interest and debt expense(2)(3)
Loss from continuing operations before equity method investments, income taxes:(39)(22)
Other undisclosed income from continuing operations before income taxes23
Loss from continuing operations before income taxes:(36)(19)
Income tax expense (benefit)0(0)
Net loss available to common stockholders, diluted:(36)(19)

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
Net loss:(36)(19)
Comprehensive loss, net of tax, attributable to parent:(36)(19)

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: