Pedevco Corp. (PED) financial statements (2022 and earlier)

Company profile

Business Address 575 N. DAIRY ASHFORD
HOUSTON, TX 77079
State of Incorp. TX
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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25,9308,02722,4153,4639176591,138
Cash and cash equivalents25,9308,02722,4153,4639176591,138
Receivables     25406
Other undisclosed current assets2,1087264,6753,3624776123,369
Total current assets:28,0388,75327,0906,8251,3941,2964,913
Noncurrent Assets
Operating lease, right-of-use asset173270360
Oil and gas property, successful effort method(88,219)(81,064)(31,759)60,462(33,644)(11,074)(6,025)
Oil and gas property, full cost method66,46766,99891,848 34,92257,39558,767
Long-term investments and receivables     44
Long-term investments     44
Regulated entity, other noncurrent assets287      
Other noncurrent assets3,5433,5433,598238858585
Other undisclosed noncurrent assets87,93281,06431,759 33,64411,0746,909
Total noncurrent assets:70,18370,81195,80660,70035,00757,48459,740
TOTAL ASSETS:98,22179,564122,89667,52536,40158,78064,653
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,08051514,0717,9002,2271,9055,558
Accounts payable2,62621212,0994,5091011033,380
Accrued liabilities1,4543031,9723,3912,1261,8022,178
Debt 28897    
Asset retirement obligation49234225119   
Due to related parties      187
Other undisclosed current liabilities1,0529418278311,1451,4051,822
Total current liabilities:5,1811,97815,2208,8503,3723,3107,567
Noncurrent Liabilities
Long-term debt and lease obligation81277300 34,15927,49723,160
Long-term debt, excluding current maturities 82  34,15927,49723,160
Operating lease, liability81195300
Liabilities, other than long-term debt1,4761,6731,87410,265477246189
Asset retirement obligations1,4761,6731,8742,571477246189
Due to related parties   7,694   
Other undisclosed noncurrent liabilities   31,43835,53329,68318,700
Total noncurrent liabilities:1,5571,9502,17441,70370,16957,42642,049
Total liabilities:6,7383,92817,39450,55373,54160,73649,616
Stockholders' equity
Stockholders' equity attributable to parent, including:91,48375,636105,50216,972(37,140)(1,956)15,037
Common stock8472711675545
Additional paid in capital220,984203,850201,027101,450100,95499,72097,163
Accumulated deficit(129,585)(128,286)(95,596)(84,494)(138,101)(101,731)(82,112)
Other undisclosed stockholders' equity attributable to parent      (59)
Total stockholders' equity:91,48375,636105,50216,972(37,140)(1,956)15,037
TOTAL LIABILITIES AND EQUITY:98,22179,564122,89667,52536,40158,78064,653

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues15,8608,05912,9724,5233,0153,9685,892
Revenue, net3,0153,9685,326
Cost of revenue
(Cost of Goods and Services Sold)
    (1,348)(1,687)(1,830)
Gross profit:15,8608,05912,9724,5231,6672,2814,062
Operating expenses(19,532)(41,881)(24,239)(13,527)(26,583)(9,628)(15,975)
Other undisclosed operating income1,805 1,040 1,3441,6872,265
Operating loss:(1,867)(33,822)(10,227)(9,004)(23,572)(5,660)(9,648)
Nonoperating income (expense)5681,132(875)62,611(12,798)(13,959)(11,672)
Other nonoperating income1801,094     
Interest and debt expense373(2)(824)70,309(5,576)(7,832)(4,869)
Income (loss) from continuing operations before income taxes:(926)(32,692)(11,926)123,916(41,946)(27,451)(26,189)
Income tax expense(95,000)      
Income (loss) before gain (loss) on sale of properties:(95,926)(32,692)(11,926)123,916(41,946)(27,451)(26,189)
Other undisclosed net income (loss)94,6272824(70,309)5,5767,8324,873
Net income (loss):(1,299)(32,690)(11,102)53,607(36,370)(19,619)(21,316)
Net income attributable to noncontrolling interest      4
Other undisclosed net loss attributable to parent      (8)
Net income (loss) attributable to parent:(1,299)(32,690)(11,102)53,607(36,370)(19,619)(21,320)
Other undisclosed net income available to common stockholders, basic   6,000  4
Net income (loss) available to common stockholders, basic:(1,299)(32,690)(11,102)59,607(36,370)(19,619)(21,316)
Other undisclosed net income available to common stockholders, diluted1,299      
Net income (loss) available to common stockholders, diluted:(0)(32,690)(11,102)59,607(36,370)(19,619)(21,316)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(1,299)(32,690)(11,102)53,607(36,370)(19,619)(21,316)
Comprehensive income (loss):(1,299)(32,690)(11,102)53,607(36,370)(19,619)(21,316)
Comprehensive income, net of tax, attributable to noncontrolling interest      4
Comprehensive income (loss), net of tax, attributable to parent:(1,299)(32,690)(11,102)53,607(36,370)(19,619)(21,312)

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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