Lonestar Resources US Inc. (LONE) financial statements (2022 and earlier)

Company profile

Business Address 111 BOLAND STREET, SUITE 300
FORT WORTH, TX 76107
State of Incorp. TX
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 3,1375,3552,5386,068
Cash and cash equivalents 3,1375,3552,5386,068
Receivables 17,30119,94513,245847
Derivative instruments and hedges, assets 5,09515,8414721,730
Other undisclosed current assets 2,2081,9662,3658,178
Total current assets: 27,74143,10718,62016,823
Noncurrent Assets
Property, plant and equipment 683,360690,759  
Oil and gas property, successful effort method   556,171439,228
Long-term investments and receivables 5,816   
Due from related parties 5,816   
Derivative instruments and hedges 1,7547,302  
Other noncurrent assets 2,1082,9442,9181,561
Other undisclosed noncurrent assets   14,0991,497
Total noncurrent assets: 693,038701,005573,188442,286
TOTAL ASSETS: 720,779744,112591,808459,109
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 60,26046,38842,48424,841
Accounts payable 33,35518,26025,90114,894
Accrued liabilities 26,90528,12816,5839,947
Debt 247,000   
Derivative instruments and hedges, liabilities 8,56443012,3362,985
Due to related parties 189181389224
Other undisclosed current liabilities 14,81113,0228,7474,703
Total current liabilities: 330,82460,02163,95632,753
Noncurrent Liabilities
Long-term debt and lease obligation 255,068436,882301,155204,122
Long-term debt, excluding current maturities 255,068436,882301,155204,122
Liabilities, other than long-term debt 12,70511,23721,53651,280
Asset retirement obligations 7,0557,1955,6492,683
Deferred tax liabilities, net 4,76938,020
Due to related parties    3,400
Other liabilities 3,7524,0211,3166,052
Derivative instruments and hedges, liabilities 1,898219,8021,125
Other undisclosed noncurrent liabilities 1,295(46,596)1,4714,559
Total noncurrent liabilities: 269,068401,523324,162259,961
Total liabilities: 599,892461,544388,118292,714
Stockholders' equity
Stockholders' equity attributable to parent, including: 120,887222,547203,690166,395
Common stock 142,655   
Additional paid in capital 175,738174,379174,87187,260
Accumulated deficit (197,506)(94,487)(113,836)(63,517)
Warrants and rights outstanding  1,055  
Other undisclosed stockholders' equity attributable to parent  141,600142,655142,652
Other undisclosed stockholders' equity  60,021  
Total stockholders' equity: 120,887282,568203,690166,395
TOTAL LIABILITIES AND EQUITY: 720,779744,112591,808459,109

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 195,152201,16994,06857,972
Revenue, net 54,119
Cost of revenue (136,068)(120,404)(82,865)(69,007)
Cost of goods and services sold    (16,232)
Gross profit: 59,08480,76511,203(11,035)
Operating expenses (100,549)(30,222)(46,644)(46,688)
Operating income (loss): (41,465)50,543(35,441)(57,723)
Nonoperating expense (74,049)(24,403)(37,063)(9,207)
Investment income, nonoperating (30,861)22,744(14,080)(8,672)
Interest and debt expense (43,879)(8,620)(20,769)28,480
Income (loss) from continuing operations before equity method investments, income taxes: (159,393)17,520(93,273)(38,450)
Other undisclosed income (loss) from continuing operations before income taxes 43,8798,62020,769(28,480)
Income (loss) from continuing operations before income taxes: (115,514)26,140(72,504)(66,930)
Income tax expense (benefit) 12,495(6,792)29,019(27,405)
Net income (loss) attributable to parent: (103,019)19,348(43,485)(94,335)
Preferred stock dividends and other adjustments (8,544)(7,816)(3,968) 
Net income (loss) available to common stockholders, diluted: (111,563)11,532(47,453)(94,335)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): (103,019)19,348(43,485)(94,335)
Comprehensive income (loss), net of tax, attributable to parent: (103,019)19,348(43,485)(94,335)

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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