Legacy Reserves Inc. (LGCY) financial statements (2020 and earlier)

Company profile

Business Address 303 W. WALL STREET, SUITE 1800
MIDLAND, TX 79701
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)

9/30/2019
TTM
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1
Cash and cash equivalents 1
Receivables 15
Derivative instruments and hedges, assets 67
Other undisclosed current assets 68
Total current assets: 151
Noncurrent Assets
Property, plant and equipment (12)
Oil and gas property, successful effort method 1,314
Intangible assets, net (including goodwill) 1
Intangible assets, net (excluding goodwill) 1
Derivative instruments and hedges 3
Other noncurrent assets 3
Other undisclosed noncurrent assets 15
Total noncurrent assets: 1,324
TOTAL ASSETS: 1,475
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 110
Accounts payable 11
Accrued liabilities 99
Debt 857
Asset retirement obligation 4
Other liabilities 14
Total current liabilities: 985
Noncurrent Liabilities
Long-term debt and lease obligation 433
Long-term debt, excluding current maturities 433
Liabilities, other than long-term debt 250
Asset retirement obligations 249
Other liabilities 1
Derivative instruments and hedges, liabilities 1
Total noncurrent liabilities: 683
Total liabilities: 1,668
Stockholders' equity
Stockholders' equity attributable to parent (193)
Common stock 1
Additional paid in capital 25
Accumulated deficit (218)
Total stockholders' equity: (193)
TOTAL LIABILITIES AND EQUITY: 1,475

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

9/30/2019
TTM
12/31/2018
Revenues 555
Cost of revenue (380)
Cost of goods and services sold (200)
Gross profit: 174
Operating expenses (127)
Operating income: 48
Nonoperating income
(Other Nonoperating income)
 1
Interest and debt expense (51)
Loss from continuing operations before equity method investments, income taxes: (2)
Loss from equity method investments (0)
Other undisclosed income from continuing operations before income taxes 49
Income from continuing operations before income taxes: 47
Income tax expense (3)
Net income available to common stockholders, diluted: 44

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
Net income: 44
Comprehensive income, net of tax, attributable to parent: 44

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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