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 investments | 11 | 7 | 1 | 1 | ||
| Cash and cash equivalents | 11 | 7 | 1 | 1 | ||
| Receivables | 7 | 13 | ||||
| Deferred costs | 0 | |||||
| Income taxes receivable | ✕ | ✕ | 13 | |||
| Deferred tax assets | 3 | 46 | 1 | |||
| Other undisclosed current assets | 11 | |||||
| Total current assets: | 21 | 66 | 26 | 1 | ||
| Noncurrent Assets | ||||||
| Long-term investments and receivables | 1,302 | 3,640 | 1,222 | |||
| Long-term investments | 1,302 | 3,640 | 1,222 | |||
| Deferred tax assets, net | 16 | (60) | (757) | (14) | ||
| Other undisclosed noncurrent assets | 60 | 757 | ||||
| Total noncurrent assets: | 16 | 1,302 | 3,640 | 1,208 | ||
| Other undisclosed assets | 14 | |||||
| TOTAL ASSETS: | 37 | 1,368 | 3,666 | 1,222 | ||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 30 | 1 | 11 | |||
| Accounts payable | 1 | 1 | 11 | |||
| Taxes payable | 30 | |||||
| Total current liabilities: | 30 | 1 | 11 | |||
| Noncurrent Liabilities | ||||||
| Liabilities, other than long-term debt | 299 | 884 | 23 | |||
| Accounts payable and accrued liabilities | 8 | |||||
| Accrued income taxes | ✕ | ✕ | 9 | |||
| Deferred tax liabilities, net | 271 | 855 | 23 | |||
| Liability for uncertainty in income taxes | 20 | 20 | ||||
| Other undisclosed noncurrent liabilities | (231) | (118) | ||||
| Total noncurrent liabilities: | 68 | 766 | 23 | |||
| Total liabilities: | 30 | 69 | 778 | 23 | ||
| Stockholders' equity | ||||||
| Stockholders' equity attributable to parent, including: | 7 | 1,299 | 2,888 | 1,209 | ||
| Additional paid in capital | 43 | 39 | 36 | 3 | ||
| Accumulated deficit | (3,904) | (2,609) | (1,017) | (4) | ||
| Other undisclosed stockholders' equity attributable to parent | 3,868 | 3,868 | 3,868 | 1,210 | ||
| Total stockholders' equity: | 7 | 1,299 | 2,888 | 1,209 | ||
| Other undisclosed liabilities and equity | (10) | |||||
| TOTAL LIABILITIES AND EQUITY: | 37 | 1,368 | 3,666 | 1,222 | ||
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 benefit | 11 | 735 | 92 | ||
| 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.