Contango Oil & Gas Company (MCF) financial statements (2020 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 millions)

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 investments2      
Cash and cash equivalents2      
Receivables40121317213761
Inventory, net of allowances, customer advances and progress billings0  1122
Inventory0  1122
Prepaid expense1122122
Derivative instruments and hedges, assets451    
Income taxes receivable4
Deferred tax assets    21
Other current assets0      
Other undisclosed current assets     (12)(4)
Total current assets:46171619223166
Noncurrent Assets
Property, plant and equipment291233346 379749791
Oil and gas property, successful effort method     1,174 
Long-term investments and receivables     6251
Long-term investments     6251
Other noncurrent assets16720171564 
Other undisclosed noncurrent assets   340 (1,236)(789)
Total noncurrent assets:30724036635739481253
Other undisclosed assets      791
TOTAL ASSETS:354257381377417843910
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:105404755369397
Accounts payable143105817 
Employee-related liabilities      7
Taxes payable      0
Accounts payable and other accrued liabilities1
Other undisclosed accounts payable and accrued liabilities91363750287688
Debt 60     
Derivative instruments and hedges, liabilities4023  1
Asset retirement obligation2124541
Total current liabilities:1111015163419799
Noncurrent Liabilities
Long-term debt and lease obligation76 85541156390
Long-term debt, excluding current maturities73 85541156390
Finance lease, liability1
Operating lease, liability2
Liabilities, other than long-term debt5215212323116128
Asset retirement obligations50122023232222
Deferred tax liabilities, net    94106
Other liabilities 300   
Derivative instruments and hedges, liabilities2 0    
Total noncurrent liabilities:1271510677138179218
Total liabilities:238117157140179276317
Stockholders' equity
Stockholders' equity attributable to parent116140225236238567593
Preferred stock0      
Common stock5211111
Treasury stock, value(0)(129)(129)(128)(128)(128)(119)
Additional paid in capital472340303296240233229
Retained earnings (accumulated deficit)(361)(72)4967125461483
Total stockholders' equity:116140225236238567593
TOTAL LIABILITIES AND EQUITY:354257381377417843910

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues77777978117276 
Revenue, net7978117276 
Cost of revenue(128)(104)(2)(11)(286)  
Gross profit:(52)(27)7668(169)276 
Operating expenses(99)(93)(100)(121)(210)(320) 
Operating loss:(151)(120)(24)(53)(379)(43) 
Nonoperating income (expense)(9)(2)5(4)(31)4 
Other nonoperating income (expense)214(0)00 
Interest and debt expense(9)(6)(4)(4)(3)(3) 
Loss from continuing operations before equity method investments, income taxes:(168)(127)(22)(61)(413)(42) 
Income from equity method investments     11 
Other undisclosed income (loss) from continuing operations before income taxes96443(7) 
Loss from continuing operations before income taxes:(160)(121)(18)(58)(410)(38) 
Income tax expense (benefit)(0)(0)0(0)7516 
Net loss available to common stockholders, diluted:(160)(122)(18)(58)(335)(22) 

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(160)(122)(18)(58)(335)(22) 
Comprehensive loss, net of tax, attributable to parent:(160)(122)(18)(58)(335)(22) 

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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