Viking Energy Group, Inc. (SBAT) financial statements (2020 and earlier)

Company profile

Business Address 15915 KATY FREEWAY
HOUSTON, TX 77094
State of Incorp. NV
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6460 0
Cash and cash equivalents6460 0
Restricted cash and investments4     
Receivables3010  
Prepaid expense00 00 
Other undisclosed current assets(4)     
Total current assets:947000
Noncurrent Assets
Oil and gas property, full cost method12013239310
Long-term investments and receivables   0 0
Long-term investments   0 0
Derivative instruments and hedges11    
Other undisclosed noncurrent assets200   
Total noncurrent assets:12313339310
TOTAL ASSETS:13213746310
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5430 0
Accounts payable4330  
Accrued liabilities22    
Other undisclosed accounts payable and accrued liabilities     0
Debt19(12)(4)(1)0 
Deferred compensation liability  (0)(0)  
Due to related parties 01110
Other undisclosed current liabilities1027104  
Total current liabilities:342010410
Noncurrent Liabilities
Long-term debt and lease obligation    0 
Long-term debt, excluding current maturities    0 
Liabilities, other than long-term debt, including: 92102  
Other undisclosed liabilities, other than long-term debt 92102  
Other undisclosed noncurrent liabilities89441  
Total noncurrent liabilities:89961420 
Other undisclosed liabilities     0
Total liabilities:12311624610
Stockholders' equity
Stockholders' equity attributable to parent, including:92123(3)(1)(0)
Preferred stock0000 0
Common stock0000 0
Additional paid in capital3932191287
Accumulated other comprehensive loss   (0) (0)
Retained earnings (accumulated deficit)(30)(11)3(14) (7)
Other undisclosed stockholders' equity attributable to parent  (0)(0)(9)0
Total stockholders' equity:92123(3)(1)(0)
TOTAL LIABILITIES AND EQUITY:132137463(1)0

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues35820  
Revenue, net20  
Cost of revenue
(Cost of Goods and Services Sold)
  (2)(0)  
Gross profit:358(0)(0)  
Operating expenses(30)(15)(9)(4)(0)(1)
Other undisclosed operating income   0  
Operating income (loss):5(7)(9)(3)(0)(1)
Nonoperating income (expense)(24)(9)27(2)  
Investment income, nonoperating  27   
Interest and debt expense13(0)(0)(1) 0
Income (loss) from continuing operations before income taxes:(6)(16)18(7)(0)(1)
Income tax expense (benefit)41(1)   
Income (loss) before gain (loss) on sale of properties:(2)(15)17(7)(0)(1)
Other undisclosed net loss(17)     
Net income (loss):(19)(15)17(7)(0)(1)
Other undisclosed net income (loss) attributable to parent 011(2)(0)
Net income (loss) available to common stockholders, diluted:(19)(15)18(5)(2)(1)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(19)(15)17(7)(0)(1)
Comprehensive income (loss):(19)(15)17(7)(0)(1)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 011 (0)
Comprehensive income (loss), net of tax, attributable to parent:(19)(15)18(5)(0)(1)

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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