Linnco LLC (LNCO) financial statements (2021 and earlier)

Company profile

Business Address 600 TRAVIS
HOUSTON, TX 77002
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)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11711
Cash and cash equivalents11711
Receivables713  
Deferred costs 0  
Income taxes receivable13 
Deferred tax assets3461 
Other undisclosed current assets  11 
Total current assets:2166261
Noncurrent Assets
Long-term investments and receivables 1,3023,6401,222
Long-term investments 1,3023,6401,222
Deferred tax assets, net16(60)(757)(14)
Other undisclosed noncurrent assets 60757 
Total noncurrent assets:161,3023,6401,208
Other undisclosed assets   14
TOTAL ASSETS:371,3683,6661,222
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30111 
Accounts payable1111 
Taxes payable30   
Total current liabilities:30111 
Noncurrent Liabilities
Liabilities, other than long-term debt 29988423
Accounts payable and accrued liabilities 8  
Accrued income taxes9 
Deferred tax liabilities, net 27185523
Liability for uncertainty in income taxes 2020 
Other undisclosed noncurrent liabilities (231)(118) 
Total noncurrent liabilities: 6876623
Total liabilities:306977823
Stockholders' equity
Stockholders' equity attributable to parent, including:71,2992,8881,209
Additional paid in capital4339363
Accumulated deficit(3,904)(2,609)(1,017)(4)
Other undisclosed stockholders' equity attributable to parent3,8683,8683,8681,210
Total stockholders' equity:71,2992,8881,209
Other undisclosed liabilities and equity   (10)
TOTAL LIABILITIES AND EQUITY:371,3683,6661,222

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Operating expenses(3)(3)(42) 
Operating loss:(3)(3)(42) 
Loss from continuing operations before equity method investments, income taxes:(3)(3)(42) 
Loss from equity method investments(1,182)(1,965)(244) 
Other undisclosed income (loss) from continuing operations before income taxes 14(718) 
Loss from continuing operations before income taxes:(1,185)(1,954)(1,005) 
Income tax benefit1173592 
Net loss available to common stockholders, diluted:(1,174)(1,219)(912) 

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(1,174)(1,219)(912) 
Comprehensive loss, net of tax, attributable to parent:(1,174)(1,219)(912) 

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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