Transcoastal Corp (TCEC) financial statements (2021 and earlier)

Company profile

Business Address 17304 PRESTON ROAD
DALLAS, TX 75252
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 thousands)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12843241
Cash and cash equivalents12843241
Receivables225436314
Derivative instruments and hedges, assets556  
Prepaid expense and other current assets31
Other current assets 20
Total current assets:909888386
Noncurrent Assets
Property, plant and equipment23,80824,070 
Oil and gas property, full cost method23,41023,600 
Intangible assets, net (including goodwill)485485
Goodwill485485 
Other noncurrent assets223387
Other undisclosed noncurrent assets(23,410)(23,600) 
Total noncurrent assets:24,51624,942 
TOTAL ASSETS:25,42525,830386
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:9441,620461
Accounts payable  332
Employee-related liabilities  129
Interest and dividends payable47  
Other undisclosed accounts payable and accrued liabilities8971,620 
Debt15,75017,51260
Derivative instruments and hedges, liabilities 125 
Asset retirement obligation113107 
Due to related parties  1,285
Deferred revenue and credits  10
Other undisclosed current liabilities126 140
Total current liabilities:16,93319,3641,956
Noncurrent Liabilities
Long-term debt and lease obligation1,47756 
Long-term debt, excluding current maturities1,47756 
Liabilities, other than long-term debt8778706
Deferred revenue and credits  3
Asset retirement obligations877852 
Other liabilities  3
Derivative instruments and hedges, liabilities 18 
Other undisclosed noncurrent liabilities8452,496(3)
Total noncurrent liabilities:3,1993,4223
Total liabilities:20,13222,7861,959
Stockholders' equity
Stockholders' equity attributable to parent, including:5,2933,044(1,573)
Common stock292336
Additional paid in capital49,68045,59244,895
Accumulated deficit(44,417)(42,572)(46,504)
Other undisclosed stockholders' equity attributable to parent11 
Total stockholders' equity:5,2933,044(1,573)
TOTAL LIABILITIES AND EQUITY:25,42525,830386

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

12/31/2014
12/31/2013
12/31/2012
Revenues4,5553,6222,511
Revenue, net3,8353,891 
Financial services revenue821  
Cost of revenue(1,425)(2,615)(1,928)
Cost of goods and services sold(1,425)(2,615) 
Gross profit:3,1301,007583
Operating expenses(5,570)(7,025)(759)
Other operating income (expense), net
(Other Expenses)
(681)650 
Other undisclosed operating income2,1061,965 
Operating loss:(1,015)(3,403)(176)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
9359(23)
Interest and debt expense(774)(709)(23)
Net loss:(1,696)(4,053)(222)
Other undisclosed net income attributable to parent1 23
Net loss available to common stockholders, diluted:(1,695)(4,053)(199)

Comprehensive Income ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Net loss:(1,696)(4,053)(222)
Comprehensive loss, net of tax, attributable to parent:(1,696)(4,053)(222)

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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