QR Energy LP (QRE) financial statements (2021 and earlier)

Company profile

Business Address 1401 MCKINNEY STREET
HOUSTON, TX 77010
State of Incorp. DE
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 millions)

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1332
Cash and cash equivalents1332
Receivables5742
Derivative instruments and hedges, assets2746
Prepaid expense and other current assets3
Other undisclosed current assets6 
Total current assets:104122
Noncurrent Assets
Property, plant and equipment1,6051,464
Derivative instruments and hedges6277
Other noncurrent assets45
Prepaid expense and other noncurrent assets24
Total noncurrent assets:1,7121,564
TOTAL ASSETS:1,8161,687
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Derivative instruments and hedges, liabilities119
Asset retirement obligation41
Other liabilities7946
Total current liabilities:9556
Noncurrent Liabilities
Long-term debt and lease obligation912766
Long-term debt, excluding current maturities912766
Liabilities, other than long-term debt172149
Asset retirement obligations151126
Deferred tax liabilities, net2 
Other liabilities137
Derivative instruments and hedges, liabilities617
Other undisclosed noncurrent liabilities 0
Total noncurrent liabilities:1,084916
Total liabilities:1,178972
Stockholders' equity
Stockholders' equity attributable to parent5 
Accumulated other comprehensive income5 
Total stockholders' equity:5 
Other undisclosed liabilities and equity633715
TOTAL LIABILITIES AND EQUITY:1,8161,687

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

12/31/2013
12/31/2012
Revenues
(Revenue, Net)
456372
Cost of revenue
(Cost of Goods and Services Sold)
(174)(144)
Gross profit:282228
Operating expenses(347)(302)
Other undisclosed operating income174144
Operating income:10970
Nonoperating income (expense)(48)10
Investment income, nonoperating(1)43
Interest and debt expense(48)(43)
Income from continuing operations before equity method investments, income taxes:1337
Other undisclosed income from continuing operations before income taxes4843
Income from continuing operations before income taxes:6180
Income tax expense (benefit)0(1)
Net income:6280
Net loss attributable to noncontrolling interest(1) 
Net income available to common stockholders, diluted:6180

Comprehensive Income ($ in millions)

12/31/2013
12/31/2012
Net income:6280
Other comprehensive income5 
Comprehensive income:6680
Comprehensive income, net of tax, attributable to noncontrolling interest3 
Other undisclosed comprehensive loss, net of tax, attributable to parent(5) 
Comprehensive income, net of tax, attributable to parent:6480

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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