Contango Oil & Gas Company (MCF) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12     
Cash and cash equivalents12     
Receivables38401213172137
Inventory, net of allowances, customer advances and progress billings00  112
Inventory00  112
Prepaid expense3112212
Derivative instruments and hedges, assets3451   
Deferred tax assets    2
Other current assets10     
Other undisclosed current assets      (12)
Total current assets:47461716192231
Noncurrent Assets
Property, plant and equipment102291233346 379749
Oil and gas property, successful effort method      1,174
Long-term investments and receivables      62
Long-term investments      62
Other noncurrent assets2216720171564
Other undisclosed noncurrent assets    340 (1,236)
Total noncurrent assets:123307240366357394812
TOTAL ASSETS:170354257381377417843
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:841054047553693
Accounts payable14143105817
Other undisclosed accounts payable and accrued liabilities70913637502876
Debt  60    
Derivative instruments and hedges, liabilities14023  
Asset retirement obligation4212454
Total current liabilities:9011110151634197
Noncurrent Liabilities
Long-term debt and lease obligation1576 855411563
Long-term debt, excluding current maturities1273 855411563
Finance lease, liability21
Operating lease, liability12
Liabilities, other than long-term debt505215212323116
Asset retirement obligations49501220232322
Deferred tax liabilities, net    94
Other liabilities  300  
Derivative instruments and hedges, liabilities22 0   
Total noncurrent liabilities:651271510677138179
Total liabilities:155238117157140179276
Stockholders' equity
Stockholders' equity attributable to parent16116140225236238567
Preferred stock 0     
Common stock7521111
Treasury stock, value(0)(0)(129)(129)(128)(128)(128)
Additional paid in capital535472340303296240233
Retained earnings (accumulated deficit)(526)(361)(72)4967125461
Total stockholders' equity:16116140225236238567
TOTAL LIABILITIES AND EQUITY:170354257381377417843

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues11377777978117276
Revenue, net7978117276
Cost of revenue(169)(128)(104)(2)(11)(286) 
Gross profit:(56)(52)(27)7668(169)276
Operating expenses(139)(99)(93)(100)(121)(210)(320)
Operating loss:(195)(151)(120)(24)(53)(379)(43)
Nonoperating income (expense)31(9)(2)5(4)(31)4
Other nonoperating income (expense)4214(0)00
Interest and debt expense(5)(9)(6)(4)(4)(3)(3)
Loss from continuing operations before equity method investments, income taxes:(170)(168)(127)(22)(61)(413)(42)
Income from equity method investments      11
Other undisclosed income (loss) from continuing operations before income taxes596443(7)
Loss from continuing operations before income taxes:(165)(160)(121)(18)(58)(410)(38)
Income tax expense (benefit)(1)(0)(0)0(0)7516
Net loss available to common stockholders, diluted:(165)(160)(122)(18)(58)(335)(22)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(165)(160)(122)(18)(58)(335)(22)
Comprehensive loss, net of tax, attributable to parent:(165)(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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