Mexco Energy Corporation (MXC) financial statements (2020 and earlier)
Company profile
| Business Address |
415 WEST WALL STREET MIDLAND, TX 79701 |
| State of Incorp. | CO |
| Fiscal Year End | March 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 TTM | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | 3/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cash and cash equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Receivables | 0 | 0 | 1 | 0 | 0 | 0 | 1 | ||
| Prepaid expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Other undisclosed current assets | 0 | 0 | |||||||
| Total current assets: | 0 | 1 | 1 | 1 | 0 | 1 | 1 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 0 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 9 | 9 | 9 | 12 | 16 | 21 | 17 | ||
| Oil and gas property, full cost method | 41 | 35 | |||||||
| Long-term investments and receivables | 0 | ||||||||
| Long-term investments | 0 | ||||||||
| Other noncurrent assets | 0 | 0 | 0 | 0 | 0 | ||||
| Other undisclosed noncurrent assets | (61) | (53) | |||||||
| Total noncurrent assets: | 9 | 9 | 9 | 12 | 16 | 0 | 0 | ||
| Other undisclosed assets | 21 | 17 | |||||||
| TOTAL ASSETS: | 10 | 9 | 10 | 13 | 16 | 21 | 18 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Taxes payable | 0 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Debt | 0 | ||||||||
| Derivative instruments and hedges, liabilities | 0 | ||||||||
| Asset retirement obligation | 1 | 1 | |||||||
| Other undisclosed current liabilities | (1) | (1) | |||||||
| Total current liabilities: | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 0 | 3 | 6 | 6 | 2 | ||||
| Long-term debt, excluding current maturities | 3 | 6 | 6 | 2 | |||||
| Operating lease, liability | 0 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 1 | 1 | 1 | 1 | 1 | 2 | 2 | ||
| Asset retirement obligations | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Deferred tax liabilities, net | ✕ | 1 | 1 | ||||||
| Other undisclosed noncurrent liabilities | 0 | 1 | |||||||
| Total noncurrent liabilities: | 1 | 1 | 2 | 4 | 7 | 8 | 4 | ||
| Total liabilities: | 1 | 1 | 2 | 4 | 7 | 8 | 5 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 8 | 8 | 8 | 9 | 9 | 13 | 13 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Treasury stock, value | (0) | (0) | (0) | (0) | (0) | (0) | (0) | ||
| Additional paid in capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | ||
| Retained earnings | 0 | 0 | 0 | 1 | 1 | 5 | 6 | ||
| Total stockholders' equity: | 8 | 8 | 8 | 9 | 9 | 13 | 13 | ||
| TOTAL LIABILITIES AND EQUITY: | 10 | 9 | 10 | 13 | 16 | 21 | 18 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 TTM | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | 3/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3 | 3 | 3 | 3 | 2 | 3 | 4 | |
| Revenue, net | ✕ | ✕ | 3 | 2 | 3 | 4 | ||
| Cost of revenue | (0) | (2) | (2) | (2) | (3) | (3) | (2) | |
| Cost of goods and services sold | (1) | (1) | (1) | (1) | ||||
| Gross profit: | 2 | 1 | 1 | 0 | (0) | 1 | 2 | |
| Operating expenses | (2) | (1) | (1) | (1) | (4) | (1) | (1) | |
| Operating income (loss): | (0) | 0 | (0) | (1) | (4) | (1) | 0 | |
| Nonoperating income (expense) | (0) | (0) | (0) | (0) | (0) | 0 | (0) | |
| Investment income, nonoperating | 0 | (0) | ||||||
| Interest and debt expense | (0) | (0) | (0) | (0) | (0) | (0) | (0) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Income (loss) from continuing operations before income taxes: | (0) | (0) | (0) | (1) | (5) | (1) | 0 | |
| Income tax expense (benefit) | 1 | 0 | (0) | |||||
| Net income (loss) available to common stockholders, diluted: | (0) | (0) | (0) | (1) | (4) | (0) | 0 | |
Comprehensive Income ($ in millions)
| 12/31/2019 TTM | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | 3/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (0) | (0) | (0) | (1) | (4) | (0) | 0 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (0) | (0) | (0) | (1) | (4) | (0) | 0 | |
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.