Panhandle Royalty Company (PHX) financial statements (2021 and earlier)
Company profile
| Business Address |
1601 NW EXPRESSWAY OKLAHOMA CITY, OK 73118 |
| State of Incorp. | OK |
| Fiscal Year End | September 30 |
| SIC | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1 | 11 | 6 | 1 | 1 | 0 | 1 | ||
| Cash and cash equivalents | 1 | 11 | 6 | 1 | 1 | 0 | 1 | ||
| Receivables | 8 | 7 | 6 | 7 | 8 | 5 | 8 | ||
| Derivative instruments and hedges, assets | 2 | 1 | 4 | ||||||
| Assets held-for-sale, not part of disposal group | 1 | ||||||||
| Other current assets | 1 | 0 | 0 | 1 | 0 | 0 | 0 | ||
| Other undisclosed current assets | 0 | 0 | |||||||
| Total current assets: | 10 | 18 | 14 | 8 | 10 | 7 | 14 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1 | 1 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 1 | ||||||||
| Oil and gas property, successful effort method | 87 | 81 | 112 | 198 | 197 | 191 | 223 | ||
| Long-term investments and receivables | 0 | 0 | 0 | 0 | 0 | 2 | |||
| Long-term investments | 0 | 0 | 0 | 0 | 0 | 2 | |||
| Derivative instruments and hedges | 0 | ||||||||
| Other noncurrent assets | 1 | 1 | |||||||
| Other undisclosed noncurrent assets | (1) | ||||||||
| Total noncurrent assets: | 88 | 82 | 112 | 199 | 197 | 192 | 225 | ||
| TOTAL ASSETS: | 98 | 100 | 127 | 207 | 207 | 198 | 239 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1 | 2 | 2 | 1 | 2 | 2 | 2 | ||
| Accounts payable | 1 | 1 | 1 | 1 | 2 | 2 | 2 | ||
| Accrued liabilities | 0 | 0 | |||||||
| Employee-related liabilities | 0 | 1 | |||||||
| Deferred revenue | 0 | ✕ | ✕ | ✕ | ✕ | ||||
| Debt | 2 | ||||||||
| Derivative instruments and hedges, liabilities | 1 | 0 | 3 | 0 | |||||
| Deferred tax liabilities | ✕ | ✕ | ✕ | 2 | |||||
| Other undisclosed current liabilities | 1 | 0 | 1 | 2 | 2 | 2 | 1 | ||
| Total current liabilities: | 3 | 4 | 3 | 6 | 4 | 4 | 5 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 28 | 28 | 35 | 51 | 52 | 45 | 65 | ||
| Long-term debt, excluding current maturities | 27 | 27 | 35 | 51 | 52 | 45 | 65 | ||
| Operating lease, liability | 1 | 1 | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 5 | 5 | 9 | 21 | 34 | 34 | 42 | ||
| Asset retirement obligations | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||
| Deferred tax liabilities, net | ✕ | ✕ | 6 | 18 | 31 | 31 | 39 | ||
| Deferred income tax liabilities | 1 | 1 | ✕ | ✕ | ✕ | ✕ | |||
| Derivative instruments and hedges, liabilities | 0 | 0 | 0 | 0 | 0 | ||||
| Total noncurrent liabilities: | 32 | 33 | 44 | 72 | 86 | 78 | 107 | ||
| Total liabilities: | 36 | 37 | 47 | 78 | 90 | 83 | 112 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 62 | 63 | 79 | 129 | 117 | 115 | 127 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (6) | (6) | (8) | (3) | (3) | (4) | (5) | ||
| Additional paid in capital | 11 | 11 | 3 | 3 | 3 | 3 | 3 | ||
| Retained earnings | 55 | 56 | 82 | 125 | 113 | 112 | 125 | ||
| Other undisclosed stockholders' equity attributable to parent | 2 | 2 | 3 | 3 | 3 | 3 | 3 | ||
| Total stockholders' equity: | 62 | 63 | 79 | 129 | 117 | 115 | 127 | ||
| TOTAL LIABILITIES AND EQUITY: | 98 | 100 | 127 | 207 | 207 | 198 | 239 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 25 | 29 | 66 | 45 | 46 | 39 | 71 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 40 | 31 | 55 | |
| Loss on disposition of assets for financial service operations | (6) | (3) | ✕ | ✕ | ✕ | |||
| Cost of revenue | (22) | (23) | (35) | (36) | (34) | (38) | (44) | |
| Cost of goods and services sold | (13) | (14) | (17) | |||||
| Gross profit: | 3 | 6 | 31 | 9 | 12 | 1 | 27 | |
| Operating expenses | (37) | (38) | (85) | (7) | (8) | (19) | (13) | |
| Other operating income, net | 0 | 0 | ||||||
| Operating income (loss): | (34) | (32) | (54) | 2 | 4 | (18) | 14 | |
| Nonoperating income (Investment Income, Nonoperating) | 14 | |||||||
| Interest and debt expense | (1) | (1) | (2) | (2) | (1) | (1) | (2) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (12) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (36) | (34) | (56) | 0 | 3 | (19) | 14 | |
| Other undisclosed income from continuing operations before income taxes | 1 | 1 | 2 | 2 | 1 | 1 | ||
| Income (loss) from continuing operations before income taxes: | (34) | (32) | (54) | 2 | 4 | (18) | 14 | |
| Income tax expense (benefit) | 8 | 8 | 13 | 13 | (1) | 8 | (5) | |
| Net income (loss) available to common stockholders, diluted: | (26) | (24) | (41) | 15 | 4 | (10) | 9 | |
Comprehensive Income ($ in millions)
| 12/31/2020 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (26) | (24) | (41) | 15 | 4 | (10) | 9 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (26) | (24) | (41) | 15 | 4 | (10) | 9 | |
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.