SARATOGA RESOURCES INC /TX (SARA) financial statements (2021 and earlier)

Company profile

Business Address 9225 KATY FREEWAY
HOUSTON, TX 77024
State of Incorp. TX
Fiscal Year End December 31
SIC 1382 - Oil and Gas Field Exploration Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments113332
Cash and cash equivalents113332
Receivables4712
Prepaid expense and other current assets1
Other current assets00
Other undisclosed current assets110
Total current assets:164146
Noncurrent Assets
Property, plant and equipment76186180
Oil and gas property, successful effort method76186180
Regulated entity, other noncurrent assets466
Other noncurrent assets2022
Prepaid expense and other noncurrent assets20
Other undisclosed noncurrent assets(80)(192)(177)
Total noncurrent assets:96208208
TOTAL ASSETS:112248255
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities201518
Accounts payable757
Accrued liabilities131011
Debt17900
Derivative instruments and hedges, liabilities010
Estimated litigation liability3  
Asset retirement obligation  0
Other undisclosed current liabilities(1)46
Total current liabilities:2022025
Noncurrent Liabilities
Long-term debt and lease obligation180178150
Long-term debt, excluding current maturities180178150
Liabilities, other than long-term debt161317
Asset retirement obligations161317
Derivative instruments and hedges, liabilities 0 
Other undisclosed noncurrent liabilities(180)  
Total noncurrent liabilities:16191167
Total liabilities:218211192
Stockholders' equity
Stockholders' equity attributable to parent(106)3762
Common stock000
Additional paid in capital797877
Accumulated other comprehensive loss  (0)
Accumulated deficit(185)(41)(15)
Total stockholders' equity:(106)3762
TOTAL LIABILITIES AND EQUITY:112248255

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

12/31/2014
12/31/2013
12/31/2012
Revenues546784
Revenue, net536984
Cost of revenue
(Cost of Goods and Services Sold)
(29)(24)(23)
Gross profit:254361
Operating expenses(174)(64)(72)
Other operating expense, net
(Other Expenses)
 (21)(18)
Other undisclosed operating income294641
Operating income (loss):(119)412
Nonoperating expense(24)(0)(0)
Investment income, nonoperating (0)(0)
Other nonoperating expense(24)  
Interest and debt expense(24)2118
Income (loss) from continuing operations before equity method investments, income taxes:(168)2530
Other undisclosed income from continuing operations before income taxes24  
Income (loss) from continuing operations before income taxes:(144)2530
Income tax expense (benefit)(0)(9)2
Net income (loss):(144)1732
Other undisclosed net loss attributable to parent (43)(35)
Net loss available to common stockholders, diluted:(144)(26)(4)

Comprehensive Income ($ in millions)

12/31/2014
12/31/2013
12/31/2012
Net income (loss):(144)1732
Other comprehensive loss (26)(4)
Comprehensive income (loss), net of tax, attributable to parent:(144)(10)28

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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