MCMORAN EXPLORATION CO /DE/ (MMR) financial statements (2021 and earlier)

Company profile

Business Address 1615 POYDRAS ST
NEW ORLEANS, LA 70112
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)

12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments115
Cash and cash equivalents115
Receivables53
Inventory, net of allowances, customer advances and progress billings29
Inventory29
Disposal group, including discontinued operation2
Prepaid expense and other current assets15
Total current assets:213
Noncurrent Assets
Property, plant and equipment2,395
Restricted cash and investments61
Deferred costs8
Assets of disposal group, including discontinued operation0
Total noncurrent assets:2,464
TOTAL ASSETS:2,677
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities230
Accounts payable84
Accrued liabilities132
Interest and dividends payable14
Debt68
Disposal group, including discontinued operation2
Other liabilities14
Other undisclosed current liabilities43
Total current liabilities:358
Noncurrent Liabilities
Long-term debt and lease obligation489
Long-term debt, excluding current maturities489
Liabilities, other than long-term debt234
Pension and other postretirement defined benefit plans, liabilities4
Asset retirement obligations188
Due to related parties3
Disposal group, including discontinued operation, liabilities21
Other liabilities17
Other undisclosed noncurrent liabilities(7)
Total noncurrent liabilities:716
Total liabilities:1,074
Stockholders' equity
Stockholders' equity attributable to parent1,603
Preferred stock712
Common stock2
Treasury stock, value(51)
Additional paid in capital2,168
Accumulated other comprehensive income0
Accumulated deficit(1,228)
Total stockholders' equity:1,603
TOTAL LIABILITIES AND EQUITY:2,677

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

12/31/2012
Revenues
(Revenue, Net)
377
Cost of revenue(298)
Gross profit:79
Operating expenses(171)
Operating loss:(92)
Nonoperating income
(Other Nonoperating income)
1
Interest and debt expense(6)
Loss from continuing operations before income taxes:(97)
Income tax benefit2
Net loss:(95)
Other undisclosed net loss attributable to parent(9)
Net loss attributable to parent:(104)
Preferred stock dividends and other adjustments(41)
Net loss available to common stockholders, diluted:(146)

Comprehensive Income ($ in millions)

12/31/2012
Net loss:(95)
Comprehensive loss:(95)
Other undisclosed comprehensive loss, net of tax, attributable to parent(9)
Comprehensive loss, net of tax, attributable to parent:(104)

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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