MIDSTATES PETROLEUM COMPANY, INC. (MPO) financial statements (2020 and earlier)

Company profile

Business Address 500 DALLAS STREET
HOUSTON, TX 77002
State of Incorp.
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 investments 116877811233
Cash and cash equivalents 116877811233
Restricted cash and investments0      
Receivables332433395191102
Derivative instruments and hedges, assets671  1271
Deferred tax assets     12
Other current assets 223111
Other undisclosed current assets13234134244
Total current assets:5346107124146273193
Noncurrent Assets
Operating lease, right-of-use asset4
Property, plant and equipment804 5746325242,1232,095
Oil and gas property, full cost method     3,443 
Derivative instruments and hedges61    0
Restricted cash and investments5      
Deferred costs     3845
Other noncurrent assets657594455
Deferred tax assets, net    36 
Other undisclosed noncurrent assets     (3,480)(45)
Total noncurrent assets:82565816375332,2032,150
Other undisclosed assets 553     
TOTAL ASSETS:8786056887616792,4762,342
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3232545694232230
Accounts payable8712322321
Accrued liabilities2326435492184204
Taxes payable     44
Interest and dividends payable     22 
Debt    1,891  
Derivative instruments and hedges, liabilities0 3   28
Deferred tax liabilities    45 
Other undisclosed current liabilities29    (26)(4)
Total current liabilities:613258561,985251254
Noncurrent Liabilities
Long-term debt and lease obligation28823128128 1,7351,701
Long-term debt, excluding current maturities28523128128 1,7351,701
Operating lease, liability3
Liabilities, other than long-term debt9591715212347
Asset retirement obligations9081614192226
Deferred tax liabilities, net     15
Other liabilities4111222
Derivative instruments and hedges, liabilities001   4
Total noncurrent liabilities:38232145143211,7581,748
Total liabilities:443642031992,0052,0102,002
Stockholders' equity
Stockholders' equity attributable to parent, including:434542486562(1,326)466340
Common stock0000011
Treasury stock, value (2)(2) (3)(3)(1)
Additional paid in capital424532525514888882871
Retained earnings (accumulated deficit)5(25)(75)10(2,211)(414)(531)
Warrants and rights outstanding5373737   
Other undisclosed stockholders' equity attributable to parent     00
Total stockholders' equity:434542486562(1,326)466340
TOTAL LIABILITIES AND EQUITY:8786056887616792,4762,342

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
Revenues276209229 365794470
Revenue, net229 365794470
Cost of revenue(224) (15) (16)(13)(5)
Cost of goods and services sold  (15) (16)(13)(5)
Gross profit:51209214 350781464
Operating expenses(63)(154)(308) (2,009)(533)(877)
Other operating income (expense), net(1)    (5)1
Other expenses     (5)1
Other undisclosed operating income1 15 16195
Operating income (loss):(12)54(79) (1,644)261(407)
Nonoperating expense(22)(4)(6) (163)(138)(83)
Investment income, nonoperating 00  139(44)
Interest and debt expense (5)(6) (163)(138)(83)
Other undisclosed income from continuing operations before equity method investments, income taxes    16313883
Income (loss) from continuing operations before equity method investments, income taxes:(34)45(91) (1,807)123(491)
Other undisclosed income from continuing operations before income taxes 56    
Income (loss) from continuing operations before income taxes:(34)50(85) (1,807)123(491)
Income tax expense (benefit)0   10(6)147
Income (loss) before gain (loss) on sale of properties:(34)50(85) (1,797)117(344)
Other undisclosed net loss(1)      
Net income (loss) attributable to parent:(35)50(85) (1,797)117(344)
Preferred stock dividends and other adjustments    (1)(10)(16)
Other undisclosed net loss available to common stockholders, basic (1)   (39) 
Net income (loss) available to common stockholders, diluted:(35)48(85) (1,798)67(360)

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 income (loss):(35)50(85) (1,797)117(344)
Comprehensive income (loss), net of tax, attributable to parent:(35)50(85) (1,797)117(344)

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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