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 investments | 880 | 58 | 34 | 128 | 493 | 73 | 34 | ||
| Cash and cash equivalents | 880 | 58 | 34 | 128 | 493 | 73 | 34 | ||
| Receivables | 751 | 652 | 285 | 380 | 832 | 395 | 278 | ||
| Prepaid expense | 21 | 48 | 50 | 54 | 48 | 36 | 43 | ||
| Total current assets: | 1,652 | 757 | 369 | 562 | 1,372 | 505 | 355 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 143 | 21 | 76 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 10,013 | 9,769 | 9,473 | 8,765 | 8,879 | 12,175 | 16,077 | ||
| Long-term investments and receivables | 250 | 200 | 150 | ||||||
| Long-term investments | 250 | 200 | 150 | ||||||
| Other noncurrent assets | 16 | 83 | 2 | 122 | 149 | 28 | 34 | ||
| Total noncurrent assets: | 10,421 | 10,073 | 9,701 | 8,888 | 9,029 | 12,203 | 16,112 | ||
| TOTAL ASSETS: | 12,073 | 10,831 | 10,071 | 9,450 | 10,401 | 12,708 | 16,467 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 155 | 117 | 117 | 166 | 447 | 137 | 332 | ||
| Other undisclosed accounts payable and accrued liabilities | 155 | 117 | 117 | 166 | 447 | 137 | 332 | ||
| Asset retirement obligation | 15 | 15 | 8 | ||||||
| Other undisclosed current liabilities | 39 | 7 | 58 | ||||||
| Total current liabilities: | 208 | 139 | 182 | 166 | 447 | 137 | 332 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 89 | 11 | 2,900 | 5,580 | |||||
| Long-term debt, excluding current maturities | 2,900 | 5,580 | |||||||
| Operating lease, liability | 89 | 11 | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 737 | 714 | 755 | 854 | 853 | 968 | 1,211 | ||
| Asset retirement obligations | 737 | 714 | 755 | 854 | 853 | 968 | 1,211 | ||
| Other undisclosed noncurrent liabilities | 1,155 | 757 | 700 | ||||||
| Total noncurrent liabilities: | 827 | 1,869 | 1,524 | 854 | 1,553 | 3,868 | 6,791 | ||
| Total liabilities: | 1,035 | 2,007 | 1,706 | 1,020 | 1,999 | 4,006 | 7,123 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 11,038 | 8,823 | 8,364 | 8,430 | 8,402 | 8,702 | 9,344 | ||
| Common stock | 1,094 | 1,072 | 1,054 | 1,054 | 1,052 | 1,052 | 1,052 | ||
| Treasury stock, value | (346) | (346) | (346) | (346) | (346) | (346) | (346) | ||
| Additional paid in capital | 7,959 | 7,624 | 7,339 | 7,305 | 7,266 | 7,245 | 7,192 | ||
| Retained earnings | 2,330 | 473 | 317 | 417 | 430 | 751 | 1,446 | ||
| Total stockholders' equity: | 11,038 | 8,823 | 8,364 | 8,430 | 8,402 | 8,702 | 9,344 | ||
| TOTAL LIABILITIES AND EQUITY: | 12,073 | 10,831 | 10,071 | 9,450 | 10,401 | 12,708 | 16,467 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,117 | 2,799 | 2,739 | 2,687 | 2,705 | 2,525 | 2,422 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 2,525 | 2,422 | ||
| Cost of revenue | (1,739) | (1,951) | (2,056) | (2,717) | ||||
| Cost of goods and services sold | (878) | (1,144) | ||||||
| Gross profit: | 5,117 | 2,799 | 2,739 | 948 | 754 | 469 | (295) | |
| Operating expenses | (3,000) | (2,640) | (2,802) | (940) | (987) | (1,012) | (4,175) | |
| Operating income (loss): | 2,117 | 159 | (64) | 8 | (232) | (543) | (4,470) | |
| Nonoperating expense | (2) | (3) | (36) | (21) | (89) | (152) | (171) | |
| Investment income, nonoperating | 0 | (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) | 22 | 90 | 152 | 171 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 2,038 | 103 | (114) | (13) | (321) | (695) | (4,641) | |
| Other undisclosed income from continuing operations before income taxes | 77 | 53 | 14 | |||||
| Income (loss) from continuing operations before income taxes: | 2,115 | 156 | (99) | (13) | (321) | (695) | (4,641) | |
| Income tax benefit | 661 | |||||||
| Net income (loss) available to common stockholders, basic: | 2,115 | 156 | (99) | (13) | (321) | (695) | (3,980) | |
| Dilutive securities, effect on basic earnings per share | 151 | 11 | ||||||
| Other undisclosed net income available to common stockholders, diluted | 11 | |||||||
| Net income (loss) available to common stockholders, diluted: | 2,277 | 167 | (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): | 2,115 | 156 | (99) | (13) | (321) | (695) | (3,980) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 2,115 | 156 | (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.