Mexco Energy Corporation (MXC) Financial Statements (2023 and Earlier)

Company Profile

Business Address 415 WEST WALL STREET
MIDLAND, TX 79701
State of Incorp. CO
Fiscal Year End March 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments88058341284937334
Cash and cash equivalents88058341284937334
Receivables751652285380832395278
Prepaid expense21485054483643
Total current assets:1,6527573695621,372505355
Noncurrent Assets
Operating lease, right-of-use asset1432176
Property, plant and equipment10,0139,7699,4738,7658,87912,17516,077
Long-term investments and receivables250200150    
Long-term investments250200150    
Other noncurrent assets168321221492834
Total noncurrent assets:10,42110,0739,7018,8889,02912,20316,112
TOTAL ASSETS:12,07310,83110,0719,45010,40112,70816,467
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:155117117166447137332
Other undisclosed accounts payable and accrued liabilities155117117166447137332
Asset retirement obligation15158    
Other undisclosed current liabilities39758    
Total current liabilities:208139182166447137332
Noncurrent Liabilities
Long-term debt and lease obligation89 11  2,9005,580
Long-term debt, excluding current maturities     2,9005,580
Operating lease, liability89 11
Liabilities, other than long-term debt7377147558548539681,211
Asset retirement obligations7377147558548539681,211
Other undisclosed noncurrent liabilities 1,155757 700  
Total noncurrent liabilities:8271,8691,5248541,5533,8686,791
Total liabilities:1,0352,0071,7061,0201,9994,0067,123
Stockholders' equity
Stockholders' equity attributable to parent11,0388,8238,3648,4308,4028,7029,344
Common stock1,0941,0721,0541,0541,0521,0521,052
Treasury stock, value(346)(346)(346)(346)(346)(346)(346)
Additional paid in capital7,9597,6247,3397,3057,2667,2457,192
Retained earnings2,3304733174174307511,446
Total stockholders' equity:11,0388,8238,3648,4308,4028,7029,344
TOTAL LIABILITIES AND EQUITY:12,07310,83110,0719,45010,40112,70816,467

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues5,1172,7992,7392,6872,7052,5252,422
Revenue, net 2,5252,422
Cost of revenue   (1,739)(1,951)(2,056)(2,717)
Cost of goods and services sold     (878)(1,144)
Gross profit:5,1172,7992,739948754469(295)
Operating expenses(3,000)(2,640)(2,802)(940)(987)(1,012)(4,175)
Operating income (loss):2,117159(64)8(232)(543)(4,470)
Nonoperating expense(2)(3)(36)(21)(89)(152)(171)
Investment income, nonoperating0(19)     
Interest and debt expense(66)(53)(14)(22)(90)(152)(171)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(11)  2290152171
Income (loss) from continuing operations before equity method investments, income taxes:2,038103(114)(13)(321)(695)(4,641)
Other undisclosed income from continuing operations before income taxes775314    
Income (loss) from continuing operations before income taxes:2,115156(99)(13)(321)(695)(4,641)
Income tax benefit      661
Net income (loss) available to common stockholders, basic:2,115156(99)(13)(321)(695)(3,980)
Dilutive securities, effect on basic earnings per share15111     
Other undisclosed net income available to common stockholders, diluted11      
Net income (loss) available to common stockholders, diluted:2,277167(99)(13)(321)(695)(3,980)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):2,115156(99)(13)(321)(695)(3,980)
Comprehensive income (loss), net of tax, attributable to parent:2,115156(99)(13)(321)(695)(3,980)

Statements Sources

The financial statements are based on the Company's filings with 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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