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 investments | 25,930 | 8,027 | 22,415 | 3,463 | 917 | 659 | 1,138 | ||
| Cash and cash equivalents | 25,930 | 8,027 | 22,415 | 3,463 | 917 | 659 | 1,138 | ||
| Receivables | 25 | 406 | |||||||
| Other undisclosed current assets | 2,108 | 726 | 4,675 | 3,362 | 477 | 612 | 3,369 | ||
| Total current assets: | 28,038 | 8,753 | 27,090 | 6,825 | 1,394 | 1,296 | 4,913 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 173 | 270 | 360 | ✕ | ✕ | ✕ | ✕ | ||
| 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 method | 66,467 | 66,998 | 91,848 | 34,922 | 57,395 | 58,767 | |||
| Long-term investments and receivables | 4 | 4 | |||||||
| Long-term investments | 4 | 4 | |||||||
| Regulated entity, other noncurrent assets | 287 | ||||||||
| Other noncurrent assets | 3,543 | 3,543 | 3,598 | 238 | 85 | 85 | 85 | ||
| Other undisclosed noncurrent assets | 87,932 | 81,064 | 31,759 | 33,644 | 11,074 | 6,909 | |||
| Total noncurrent assets: | 70,183 | 70,811 | 95,806 | 60,700 | 35,007 | 57,484 | 59,740 | ||
| TOTAL ASSETS: | 98,221 | 79,564 | 122,896 | 67,525 | 36,401 | 58,780 | 64,653 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,080 | 515 | 14,071 | 7,900 | 2,227 | 1,905 | 5,558 | ||
| Accounts payable | 2,626 | 212 | 12,099 | 4,509 | 101 | 103 | 3,380 | ||
| Accrued liabilities | 1,454 | 303 | 1,972 | 3,391 | 2,126 | 1,802 | 2,178 | ||
| Debt | 288 | 97 | |||||||
| Asset retirement obligation | 49 | 234 | 225 | 119 | |||||
| Due to related parties | 187 | ||||||||
| Other undisclosed current liabilities | 1,052 | 941 | 827 | 831 | 1,145 | 1,405 | 1,822 | ||
| Total current liabilities: | 5,181 | 1,978 | 15,220 | 8,850 | 3,372 | 3,310 | 7,567 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 81 | 277 | 300 | 34,159 | 27,497 | 23,160 | |||
| Long-term debt, excluding current maturities | 82 | 34,159 | 27,497 | 23,160 | |||||
| Operating lease, liability | 81 | 195 | 300 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 1,476 | 1,673 | 1,874 | 10,265 | 477 | 246 | 189 | ||
| Asset retirement obligations | 1,476 | 1,673 | 1,874 | 2,571 | 477 | 246 | 189 | ||
| Due to related parties | 7,694 | ||||||||
| Other undisclosed noncurrent liabilities | 31,438 | 35,533 | 29,683 | 18,700 | |||||
| Total noncurrent liabilities: | 1,557 | 1,950 | 2,174 | 41,703 | 70,169 | 57,426 | 42,049 | ||
| Total liabilities: | 6,738 | 3,928 | 17,394 | 50,553 | 73,541 | 60,736 | 49,616 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 91,483 | 75,636 | 105,502 | 16,972 | (37,140) | (1,956) | 15,037 | ||
| Common stock | 84 | 72 | 71 | 16 | 7 | 55 | 45 | ||
| Additional paid in capital | 220,984 | 203,850 | 201,027 | 101,450 | 100,954 | 99,720 | 97,163 | ||
| 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: | 91,483 | 75,636 | 105,502 | 16,972 | (37,140) | (1,956) | 15,037 | ||
| TOTAL LIABILITIES AND EQUITY: | 98,221 | 79,564 | 122,896 | 67,525 | 36,401 | 58,780 | 64,653 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 15,860 | 8,059 | 12,972 | 4,523 | 3,015 | 3,968 | 5,892 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 3,015 | 3,968 | 5,326 | |
| Cost of revenue (Cost of Goods and Services Sold) | (1,348) | (1,687) | (1,830) | |||||
| Gross profit: | 15,860 | 8,059 | 12,972 | 4,523 | 1,667 | 2,281 | 4,062 | |
| Operating expenses | (19,532) | (41,881) | (24,239) | (13,527) | (26,583) | (9,628) | (15,975) | |
| Other undisclosed operating income | 1,805 | 1,040 | 1,344 | 1,687 | 2,265 | |||
| Operating loss: | (1,867) | (33,822) | (10,227) | (9,004) | (23,572) | (5,660) | (9,648) | |
| Nonoperating income (expense) | 568 | 1,132 | (875) | 62,611 | (12,798) | (13,959) | (11,672) | |
| Other nonoperating income | 180 | 1,094 | ||||||
| Interest and debt expense | 373 | (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) | 94,627 | 2 | 824 | (70,309) | 5,576 | 7,832 | 4,873 | |
| 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, diluted | 1,299 | |||||||
| 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.