GLORI ENERGY INC (GLRI) financial statements (2023 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 thousands)

12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,38029,751
Cash and cash equivalents8,38029,751
Receivables1,4561,371
Inventory, net of allowances, customer advances and progress billings 2
Inventory 2
Derivative instruments and hedges, assets3,4115,810
Other undisclosed current assets314(2,663)
Total current assets:13,56134,271
Noncurrent Assets
Property, plant and equipment6,4395,941
Oil and gas property, successful effort method48,45445,694
Derivative instruments and hedges 5,782
Deferred costs227490
Deferred tax assets, net1,161970
Other undisclosed noncurrent assets(47,578)(25,713)
Total noncurrent assets:8,70333,164
TOTAL ASSETS:22,26467,435
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,1801,792
Accounts payable 2,251
Accrued liabilities 1,792
Employee-related liabilities91892
Taxes payable47223
Interest and dividends payable38615
Other undisclosed accounts payable and accrued liabilities656(3,381)
Debt4802,380
Deferred revenue and credits 653
Deferred tax liabilities1,161970
Other undisclosed current liabilities1,4302,251
Total current liabilities:4,2518,046
Noncurrent Liabilities
Long-term debt and lease obligation10,04516,845
Long-term debt, excluding current maturities10,04516,845
Liabilities, other than long-term debt1,4571,329
Asset retirement obligations1,457 
Other liabilities 1,329
Total noncurrent liabilities:11,50218,174
Total liabilities:15,75326,220
Stockholders' equity
Stockholders' equity attributable to parent6,51141,215
Common stock33
Additional paid in capital106,934105,383
Accumulated deficit(100,426)(64,171)
Total stockholders' equity:6,51141,215
TOTAL LIABILITIES AND EQUITY:22,26467,435

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

12/31/2015
12/31/2014
Revenues
(Revenue, Net)
9,00215,859
Cost of revenue
(Cost of Goods and Services Sold)
(9,974)(10,777)
Gross profit:(972)5,082
Operating expenses(47,676)(39,877)
Other undisclosed operating income9,97410,777
Operating loss:(38,674)(24,018)
Nonoperating income2,2375,471
Other nonoperating income44517
Interest and debt expense(2,169)(3,023)
Loss from continuing operations before equity method investments, income taxes:(38,606)(21,570)
Other undisclosed income from continuing operations before income taxes2,1693,023
Loss from continuing operations before income taxes:(36,437)(18,547)
Income tax expense (benefit)182(209)
Net loss available to common stockholders, diluted:(36,255)(18,756)

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
Net loss:(36,255)(18,756)
Comprehensive loss, net of tax, attributable to parent:(36,255)(18,756)

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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