GASTAR EXPLORATION INC. (GSTC) financial statements (2020 and earlier)

Company profile

Business Address 1331 LAMAR STREET
HOUSTON, TX 77010
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)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1372501132
Cash and cash equivalents1372501132
Receivables3927143122
Prepaid expense11521
Derivative instruments and hedges, assets161620 
Total current assets:54105856455
Noncurrent Assets
Property, plant and equipment325192329692518
Oil and gas property, full cost method   1,253 
Derivative instruments and hedges   88
Deferred costs   33
Other noncurrent assets131797
Other undisclosed noncurrent assets   (1,945)(518)
Total noncurrent assets:3261953462017
Other undisclosed assets   692518
TOTAL ASSETS:380300431776590
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4622193616
Accounts payable24922911
Accrued liabilities1591335
Interest and dividends payable7444 
Derivative instruments and hedges, liabilities40   
Asset retirement obligation 0001
Other undisclosed current liabilities11851938
Total current liabilities:6230245554
Noncurrent Liabilities
Long-term debt and lease obligation343404518  
Long-term debt, excluding current maturities343404518  
Liabilities, other than long-term debt75655
Asset retirement obligations55655
Derivative instruments and hedges, liabilities3 0  
Other undisclosed noncurrent liabilities 13365320
Total noncurrent liabilities:350411527370326
Total liabilities:412441551426380
Stockholders' equity
Stockholders' equity attributable to parent, including:(32)(140)(120)35083
Common stock00000
Additional paid in capital820644572568338
Accumulated deficit(852)(785)(692)(218)(255)
Other undisclosed stockholders' equity attributable to parent0000 
Other undisclosed stockholders' equity    127
Total stockholders' equity:(32)(140)(120)350210
TOTAL LIABILITIES AND EQUITY:380300431776590

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues725810717188
Revenue, net776183199133
Cost of revenue(51)(52)(92)(76)(52)
Cost of goods and services sold(24)(22)(26)(23)(13)
Gross profit:216169636
Operating expenses(17)(60)(444)(17)(17)
Operating income (loss):4(54)(429)7919
Nonoperating income (expense)00020(5)
Investment income, nonoperating00020(5)
Interest and debt expense(51)(35)(31)(28)(14)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (20)50
Income (loss) from continuing operations before equity method investments, income taxes:(47)(89)(460)5149
Other undisclosed loss from continuing operations before income taxes    (16)
Income (loss) from continuing operations before income taxes:(47)(89)(460)5133
Income tax benefit    16
Net income (loss) attributable to parent:(47)(89)(460)5149
Preferred stock dividends and other adjustments(8)(4)(14)  
Other undisclosed net loss available to common stockholders, basic(6)(11) (14)(9)
Net income (loss) available to common stockholders, diluted:(61)(104)(474)3740

Comprehensive Income ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(47)(89)(460)5149
Comprehensive income (loss), net of tax, attributable to parent:(47)(89)(460)5149

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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