Contango Oil & Gas Company (MCF) financial statements (2022 and earlier)

Company profile

Business Address 717 TEXAS AVENUE
HOUSTON, TX 77002
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)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,3831,624    
Cash and cash equivalents 1,3831,624    
Receivables 37,86239,56711,53113,05916,72720,504
Inventory, net of allowances, customer advances and progress billings 442150  540540
Inventory 442150  540540
Prepaid expense 3,3601,1911,3031,8921,7871,228
Derivative instruments and hedges, assets 2,9963,8194,600822  
Other current assets 76336    
Total current assets: 46,80646,38717,43415,77319,05422,272
Noncurrent Assets
Property, plant and equipment 101,903291,120233,174345,957 379,205
Other noncurrent assets 21,55816,3196,52419,72317,07815,279
Other undisclosed noncurrent assets     340,382 
Total noncurrent assets: 123,461307,439239,698365,680357,460394,484
TOTAL ASSETS: 170,267353,826257,132381,453376,514416,756
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 83,970104,59339,50646,75555,13536,358
Accounts payable 14,27314,0863,3859,5595,4068,053
Other undisclosed accounts payable and accrued liabilities 69,69790,50736,12137,19649,72928,305
Debt   60,000   
Derivative instruments and hedges, liabilities 1,3173,9514221,7653,446 
Asset retirement obligation 4,2492,0031,3292,0174,3084,603
Total current liabilities: 89,536110,547101,25750,53762,88940,961
Noncurrent Liabilities
Long-term debt and lease obligation 14,99375,557 85,38054,354115,446
Long-term debt, excluding current maturities 12,36972,768 85,38054,354115,446
Finance lease, liability 2,1021,051
Operating lease, liability 5221,738
Liabilities, other than long-term debt 50,17151,68215,48620,93622,86622,506
Asset retirement obligations 48,52349,66212,16820,38822,61822,506
Other liabilities   3,318248248 
Derivative instruments and hedges, liabilities 1,6482,020 300  
Total noncurrent liabilities: 65,164127,23915,486106,31677,220137,952
Total liabilities: 154,700237,786116,743156,853140,109178,913
Stockholders' equity
Stockholders' equity attributable to parent 15,567116,040140,389224,600236,405237,843
Preferred stock  108    
Common stock 6,9415,1481,5731,2231,211974
Treasury stock, value (248)(18)(129,030)(128,583)(128,321)(127,760)
Additional paid in capital 535,192471,778339,981302,527296,439239,524
Retained earnings (accumulated deficit) (526,318)(360,976)(72,135)49,43367,076125,105
Total stockholders' equity: 15,567116,040140,389224,600236,405237,843
TOTAL LIABILITIES AND EQUITY: 170,267353,826257,132381,453376,514416,756

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 112,92076,51277,08778,54578,183116,505
Revenue, net78,54578,183116,505
Cost of revenue (168,802)(128,290)(103,732)(2,395)(10,572)(285,877)
Gross profit: (55,882)(51,778)(26,645)76,15067,611(169,372)
Operating expenses (139,413)(98,953)(93,003)(99,665)(121,052)(209,601)
Operating loss: (195,295)(150,731)(119,648)(23,515)(53,441)(378,973)
Nonoperating income (expense) 30,700(8,845)(1,800)5,477(4,246)(31,301)
Other nonoperating income (expense) 3,6091,8481,3063,555(357)97
Interest and debt expense (5,022)(8,596)(5,548)(4,100)(3,802)(3,164)
Loss from continuing operations before equity method investments, income taxes: (169,617)(168,172)(126,996)(22,138)(61,489)(413,438)
Other undisclosed income from continuing operations before income taxes 5,0228,5965,5484,1003,8023,164
Loss from continuing operations before income taxes: (164,595)(159,576)(121,448)(18,038)(57,687)(410,274)
Income tax expense (benefit) (747)(220)(120)395(342)75,226
Net loss available to common stockholders, diluted: (165,342)(159,796)(121,568)(17,643)(58,029)(335,048)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (165,342)(159,796)(121,568)(17,643)(58,029)(335,048)
Comprehensive loss, net of tax, attributable to parent: (165,342)(159,796)(121,568)(17,643)(58,029)(335,048)

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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