Isramco, Inc. (ISRL) financial statements (2020 and earlier)

Company profile

Business Address 2425 WEST LOOP SOUTH
HOUSTON, TX 77027
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)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14302622241
Cash and cash equivalents14302622241
Restricted cash and investments11100  
Receivables19131012171512
Inventory, net of allowances, customer advances and progress billings1011100
Inventory1011100
Derivative instruments and hedges, assets0      
Prepaid expense and other current assets1
Deferred tax assets    37 
Other undisclosed current assets3323324
Total current assets:37474038252817
Noncurrent Assets
Property, plant and equipment54525666116120133
Oil and gas property, successful effort method    245  
Derivative instruments and hedges0      
Deposits noncurrent assets    000
Restricted cash and investments191077   
Other noncurrent assets 0  5437
Prepaid expense and other noncurrent assets19
Deferred tax assets, net    179 
Other undisclosed noncurrent assets003936(299)(37)(15)
Total noncurrent assets:7462102109133130137
TOTAL ASSETS:112109141147159158154
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:    201413
Other undisclosed accounts payable and accrued liabilities    201413
Debt400131(17)
Due to related parties    261522
Other undisclosed current liabilities37332324(1) 17
Total current liabilities:41342325483136
Noncurrent Liabilities
Long-term debt and lease obligation     9674
Long-term debt, excluding current maturities     9674
Liabilities, other than long-term debt, including:1191331391501411918
Asset retirement obligations22222120201918
Due to related parties    739682
Derivative instruments and hedges, liabilities  00   
Other undisclosed liabilities, other than long-term debt9711111813048(96)(82)
Other undisclosed noncurrent liabilities(41)(34)(23)(25)(48) 8
Total noncurrent liabilities:78991161259311599
Total liabilities:119133139150141145135
Stockholders' equity
Stockholders' equity attributable to parent1(17)70181219
Common stock0000000
Treasury stock, value(0)(0)(0)(0)(0)(0)(0)
Additional paid in capital24242424242323
Accumulated deficit(23)(41)(17)(23)(6)(11)(5)
Stockholders' equity attributable to noncontrolling interest(8)(7)(5)(3)010
Total stockholders' equity:(7)(24)2(3)181219
TOTAL LIABILITIES AND EQUITY:112109141147159158154

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues81665575946950
Revenue, net   675250
Cost of revenue
(Cost of Goods and Services Sold)
(9)(9)(9)(15)(19)(20)(20)
Gross profit:72564660754931
Operating expenses(53)(41)(41)(97)(80)(72)(44)
Other undisclosed operating income99915192020
Operating income (loss):282514(23)14(3)6
Nonoperating expense(4)(5)(6)(7)(6)(7)(2)
Interest and debt expense(5)(5)(5)(5)(7)(7)(6)
Other undisclosed income from continuing operations before equity method investments, income taxes5555776
Income (loss) from continuing operations before income taxes:24209(30)8(10)4
Income tax expense (benefit)(7)(46)(4)9(3)4(1)
Net income (loss):16(26)5(21)5(6)2
Net income (loss) attributable to noncontrolling interest12240(0)(0)
Net income (loss) available to common stockholders, diluted:18(24)7(17)5(7)2

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):16(26)5(21)5(6)2
Other comprehensive loss      (2)
Comprehensive income (loss):16(26)5(21)5(6)0
Comprehensive income, net of tax, attributable to noncontrolling interest1224000
Other undisclosed comprehensive loss, net of tax, attributable to parent     (1)(0)
Comprehensive income (loss), net of tax, attributable to parent:18(24)7(17)5(7)(0)

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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