Spindletop Oil & Gas Co (SPND) financial statements (2022 and earlier)

Company profile

Business Address 12850 SPURLING RD.
DALLAS, TX 75230-1279
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)

9/30/2021
TTM
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 7,48015,22914,03611,70711,02113,245
Cash and cash equivalents 7,48015,22914,03611,70711,02112,845
Short-term investments      400
Restricted cash and investments 295795363363363 
Receivables 2,6133,1902,6153,1781,9281,835
Prepaid expense 27483235259927754
Total current assets: 10,66219,29717,24915,50714,23915,834
Noncurrent Assets
Property, plant and equipment 1,7092,1163,4594,5796,1497,384
Long-term investments and receivables, including: 8,8251,1502,3582,6661,5501,200
Long-term investments 8,8251,1501,7132,666  
Other undisclosed long-term investments and receivables   645 1,5501,200
Deferred income tax assets  56
Other noncurrent assets 9,034     
Other undisclosed noncurrent assets (7,560)(3,319)(5,808)(7,236)(7,690)1,471
Total noncurrent assets: 12,008399910,055
Other undisclosed assets  4,5987,1408,6169,117 
TOTAL ASSETS: 22,67023,89824,39824,13223,36525,889
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 5,7146,0055,8575,6085,2915,809
Accounts payable 2,4272,2712,1662,1391,6191,609
Other undisclosed accounts payable and accrued liabilities 3,2873,7343,6913,4693,6724,200
Total current liabilities: 5,7146,0055,8575,6085,2915,809
Noncurrent Liabilities
Liabilities, other than long-term debt 1,4341,4081,3241,1809161,121
Asset retirement obligations 1,4341,4081,3241,1809161,121
Total noncurrent liabilities: 1,4341,4081,3241,1809161,121
Other undisclosed liabilities   8620718490
Total liabilities: 7,1487,4137,2676,9956,2257,420
Stockholders' equity
Stockholders' equity attributable to parent, including: 15,52216,48517,13117,13717,14018,469
Treasury stock, value (1,874)(1,806)(1,806)(1,536)(1,536)(1,536)
Additional paid in capital 943943943943943943
Retained earnings 16,37617,27117,91717,65317,65618,985
Other undisclosed stockholders' equity attributable to parent 777777777777
Total stockholders' equity: 15,52216,48517,13117,13717,14018,469
TOTAL LIABILITIES AND EQUITY: 22,67023,89824,39824,13223,36525,889

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 4,1795,5876,7345,6044,5155,944
Revenue, net4,4953,3204,841
Cost of revenue
(Cost of Goods and Services Sold)
 (6)(29)(47)(38)(12)(21)
Gross profit: 4,1735,5586,6875,5664,5035,923
Operating expenses (5,413)(6,336)(6,367)(5,374)(6,489)(13,987)
Operating income (loss): (1,240)(778)320192(1,986)(8,064)
Interest and debt expense 403     
Income (loss) from continuing operations before income taxes: (837)(778)320192(1,986)(8,064)
Income tax expense (benefit) 340103(103)(233)6452,266
Net income (loss): (497)(675)217(41)(1,341)(5,798)
Other undisclosed net income attributable to parent    382,67021
Net income (loss) attributable to parent: (497)(675)217(3)1,329(5,777)
Other undisclosed net income (loss) available to common stockholders, basic (397)2947 (2,658) 
Net income (loss) available to common stockholders, diluted: (894)(646)264(3)(1,329)(5,777)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (497)(675)217(41)(1,341)(5,798)
Comprehensive income (loss), net of tax, attributable to parent: (497)(675)217(41)(1,341)(5,798)

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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