Lilis Energy, Inc. (LLEX) financial statements (2022 and earlier)

Company profile

Business Address 1600 WEST 7TH STREET
FORT WORTH, TX 76102
State of Incorp.
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,75321,13717,46211,738110510165
Cash and cash equivalents3,75321,13717,46211,738110510165
Restricted cash and investments    4184505
Receivables18,14620,5467,4262,247952832467
Prepaid expense    7554196
Derivative instruments and hedges, assets4272,551    7
Other undisclosed current assets4,4381,851584767   
Total current assets:26,76446,08525,47214,7521,1411,5791,340
Noncurrent Assets
Operating lease, right-of-use asset1,722
Property, plant and equipment229,276430,903   (18,508)(44,312)
Oil and gas property, successful effort method     3 
Oil and gas property, full cost method  170,30538,49952330,64642,565
Restricted cash and investments     216216
Deferred costs     60295
Other noncurrent assets837   2,265349601
Other undisclosed noncurrent assets 3,785167268 18,23043,802
Total noncurrent assets:231,835434,688170,47238,7672,78730,99543,167
TOTAL ASSETS:258,599480,773195,94453,5193,92832,57544,506
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities38,80661,90624,3458,6804,2872,2253,373
Accounts payable24,83447,11210,4885,1661,3329761,933
Accrued liabilities13,97214,79413,8572,7062,9551,2491,440
Interest and dividends payable   808   
Deferred revenue11,442
Debt115,000 11177,520 10,663
Derivative instruments and hedges, liabilities5,044515853 6  
Asset retirement obligation 112263382082001,105
Other undisclosed current liabilities 14,535  4,8155,714(1,105)
Total current liabilities:170,29276,96725,4359,03516,8368,13914,035
Noncurrent Liabilities
Long-term debt and lease obligation1,323157,804127,79430,226 723,691
Long-term debt, excluding current maturities 157,804127,79430,226 723,691
Operating lease, liability1,323
Liabilities, other than long-term debt40,3437,13273,6632,3192081,4502,255
Deferred revenue36,920
Asset retirement obligations3,4232,4337269192082001,105
Derivative instruments and hedges, liabilities 4,69972,9371,400 1,2491,150
Other undisclosed noncurrent liabilities39,26852,513  567,227(993)
Total noncurrent liabilities:80,934217,449201,45732,5452648,68324,953
Total liabilities:251,226294,416226,89241,58017,09916,82238,988
Temporary equity, carrying amount 173,025 1,874   
Stockholders' equity
Stockholders' equity attributable to parent, including:(238,158)13,332(30,948)10,065(14,344)14,0665,518
Preferred stock    6,7946,794 
Common stock9752332
Treasury stock, value(997)(997)     
Additional paid in capital342,382321,753272,335219,837159,769155,098121,451
Accumulated deficit(579,552)(307,431)(303,288)(223,206)(180,910)(147,828)(115,935)
Other undisclosed stockholders' equity attributable to parent   13,432   
Other undisclosed stockholders' equity245,531   1,1731,686 
Total stockholders' equity:7,37313,332(30,948)10,065(13,171)15,7525,518
TOTAL LIABILITIES AND EQUITY:258,599480,773195,94453,5193,92832,57544,506

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues66,06370,21621,6123,4353963,1404,786
Revenue, net21,6123,435104548489
Cost of revenue  (8,106)(1,247)(223) (1,390)
Cost of goods and services sold  (7,023)(1,247)(195) (1,218)
Gross profit:66,06370,21613,5062,1881733,1403,396
Operating expenses(313,336)(79,562)(67,485)(20,986)(32,992)(14,027)(7,445)
Other undisclosed operating income (loss)   167 (1,130) 
Operating loss:(247,273)(9,346)(53,979)(18,631)(32,819)(12,017)(4,049)
Nonoperating income (expense)(24,848)5,203(26,103)(14,212)458(15,172)(5,685)
Other nonoperating income (expense)43521890458(16,422)(5,670)
Interest and debt expense(1,299)(20,370)(1,886)(4,200)(1,697)(6,025)(7,579)
Loss from continuing operations before equity method investments, income taxes:(273,420)(24,513)(81,968)(37,043)(34,058)(33,214)(17,313)
Other undisclosed income from continuing operations before income taxes1,29920,3701,886    
Loss from continuing operations before income taxes:(272,121)(4,143)(80,082)(37,043)(34,058)(33,214)(17,313)
Income tax expense (benefit) 6,987(33,638)  5,616 
Income (loss) before gain (loss) on sale of properties:(272,121)2,844(113,720)(37,043)(34,058)(27,598)(17,313)
Other undisclosed net income (loss)    977(4,702) 
Net income (loss):(272,121)2,844(113,720)(37,043)(33,081)(32,300)(17,313)
Other undisclosed net income (loss) attributable to parent (6,987)33,6384,2007203,8617,594
Net loss attributable to parent:(272,121)(4,143)(80,082)(32,843)(32,361)(28,439)(9,719)
Preferred stock dividends and other adjustments(25,397)(10,687)(122)(407) (1,690) 
Other undisclosed net loss available to common stockholders, basic  (4,635)(9,046)   
Net loss available to common stockholders, basic:(297,518)(14,830)(84,839)(42,296)(32,361)(30,129)(9,719)
Interest on convertible debt 13,429     
Other undisclosed net loss available to common stockholders, diluted (35,471)     
Net loss available to common stockholders, diluted:(297,518)(36,872)(84,839)(42,296)(32,361)(30,129)(9,719)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(272,121)2,844(113,720)(37,043)(33,081)(32,300)(17,313)
Comprehensive income (loss), net of tax, attributable to parent:(272,121)2,844(113,720)(37,043)(33,081)(32,300)(17,313)

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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