Tellurian Inc. (TELL) financial statements (2021 and earlier)
Company profile
| Business Address |
1201 LOUISIANA STREET HOUSTON, TX 77002 |
| 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)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 6/30/2016 | 6/30/2015 | 6/30/2014 | 6/30/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 70 | 134 | 128 | 2 | 5 | 28 | 32 | ||
| Cash and cash equivalents | 65 | 134 | 128 | 2 | 1 | 16 | 32 | ||
| Short-term investments | 5 | 1 | 4 | 12 | |||||
| Receivables | 6 | 3 | 2 | 0 | 0 | 1 | 1 | ||
| Inventory, net of allowances, customer advances and progress billings | 1 | 1 | 1 | ||||||
| Inventory | 1 | 1 | 1 | ||||||
| Prepaid expense | 1 | ✕ | |||||||
| Derivative instruments and hedges, assets | 3 | ||||||||
| Disposal group, including discontinued operation | 26 | ||||||||
| Deposits current assets | 0 | ||||||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1 | ||
| Other current assets | 0 | ✕ | |||||||
| Other undisclosed current assets | 1 | 4 | 3 | 2 | 2 | 2 | 0 | ||
| Total current assets: | 82 | 140 | 134 | 30 | 9 | 32 | 35 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 13 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 162 | 131 | 116 | 0 | 0 | 0 | 37 | ||
| Oil and gas property, successful effort method | 0 | 22 | 30 | ||||||
| Intangible assets, net (including goodwill) | 1 | 1 | 2 | ||||||
| Goodwill | 1 | 1 | 2 | ||||||
| Restricted cash and investments | 4 | 50 | |||||||
| Deferred costs | 106 | 69 | 18 | ||||||
| Other noncurrent assets | 37 | 19 | 9 | 1 | 1 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 10 | ||
| Deferred tax assets, net | ✕ | 7 | |||||||
| Other undisclosed noncurrent assets | (22) | 0 | 14 | 15 | (9) | ||||
| Total noncurrent assets: | 300 | 268 | 143 | 0 | 37 | 48 | 47 | ||
| Other undisclosed assets | 1 | 1 | 1 | ||||||
| TOTAL ASSETS: | 382 | 409 | 277 | 32 | 47 | 81 | 82 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 28 | 53 | 51 | 4 | 6 | 6 | 5 | ||
| Accounts payable | 21 | 12 | 51 | 1 | 3 | 4 | 2 | ||
| Accrued liabilities | 6 | 41 | 3 | 2 | 2 | 3 | |||
| Taxes payable | 1 | 2 | |||||||
| Interest and dividends payable | 0 | ||||||||
| Debt | 79 | 1 | 0 | ||||||
| Asset retirement obligation | 0 | 0 | |||||||
| Other liabilities | 2 | ||||||||
| Other undisclosed current liabilities | 26 | 11 | (2) | 0 | |||||
| Total current liabilities: | 133 | 53 | 52 | 15 | 5 | 7 | 6 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 6 | ||||||||
| Long-term debt, excluding current maturities | 6 | ||||||||
| Liabilities, other than long-term debt | 25 | 1 | 1 | 3 | 3 | 7 | |||
| Asset retirement obligations | 1 | 1 | 3 | 2 | 6 | ||||
| Other liabilities | 25 | 0 | 0 | 0 | |||||
| Other undisclosed noncurrent liabilities | 58 | 4 | 24 | 2 | 4 | ||||
| Total noncurrent liabilities: | 83 | 5 | 1 | 24 | 8 | 4 | 11 | ||
| Other undisclosed liabilities | 26 | 25 | 24 | ||||||
| Total liabilities: | 216 | 58 | 53 | 39 | 39 | 36 | 40 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 166 | 298 | 224 | (7) | 8 | 46 | 42 | ||
| Preferred stock | 0 | 0 | 24 | ||||||
| Common stock | 2 | 2 | 2 | 0 | 0 | 1 | 1 | ||
| Treasury stock, value | (10) | (10) | (9) | (9) | |||||
| Additional paid in capital | 770 | 750 | 550 | 94 | 93 | 93 | 91 | ||
| Accumulated other comprehensive income (loss) | 5 | 5 | (2) | 11 | |||||
| Accumulated deficit | (606) | (454) | (328) | (96) | (81) | (36) | (50) | ||
| Other undisclosed stockholders' equity attributable to parent | (24) | ||||||||
| Stockholders' equity attributable to noncontrolling interest | 0 | ||||||||
| Other undisclosed stockholders' equity | 53 | ||||||||
| Total stockholders' equity: | 166 | 351 | 224 | (7) | 8 | 46 | 42 | ||
| TOTAL LIABILITIES AND EQUITY: | 382 | 409 | 277 | 32 | 47 | 81 | 82 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 6/30/2016 | 6/30/2015 | 6/30/2014 | 6/30/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 29 | 10 | 5 | 4 | 38 | 7 | ||
| Revenue, net | ✕ | ✕ | 1 | 4 | 8 | 7 | ||
| Financial services revenue | ✕ | ✕ | 30 | |||||
| Cost of revenue | (7) | (6) | (8) | (0) | ||||
| Cost of goods and services sold | (0) | |||||||
| Gross profit: | 22 | 4 | (2) | 4 | 38 | 7 | ||
| Operating expenses | (175) | (138) | (244) | (5) | (35) | (20) | (30) | |
| Other operating income, net (Noninterest Income, Other Operating Income) | 0 | |||||||
| Other undisclosed operating income (loss) | 7 | 6 | 8 | 0 | (30) | (0) | ||
| Operating loss: | (146) | (128) | (239) | (5) | (30) | (12) | (22) | |
| Nonoperating income (expense) | 10 | 0 | 7 | 2 | (15) | 0 | 1 | |
| Investment income, nonoperating | 2 | (1) | (15) | |||||
| Other nonoperating income | 10 | 0 | 5 | 0 | 0 | 0 | 1 | |
| Interest and debt expense | (0) | |||||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 2 | 2 | 1 | |||||
| Loss from continuing operations before equity method investments, income taxes: | (135) | (128) | (231) | (3) | (43) | (10) | (21) | |
| Other undisclosed income (loss) from continuing operations before income taxes | (16) | 2 | ||||||
| Loss from continuing operations before income taxes: | (152) | (126) | (231) | (3) | (43) | (10) | (21) | |
| Income tax expense (benefit) | 0 | (0) | 1 | |||||
| Loss from continuing operations: | (152) | (126) | (231) | (3) | (43) | (10) | (20) | |
| Income from discontinued operations | 1 | |||||||
| Loss before gain (loss) on sale of properties: | (152) | (126) | (231) | (3) | (43) | (9) | (20) | |
| Other undisclosed net income (loss) | (14) | 25 | ||||||
| Net income (loss): | (152) | (126) | (231) | (18) | (43) | 16 | (20) | |
| Net income attributable to noncontrolling interest | 0 | |||||||
| Other undisclosed net income attributable to parent | 14 | |||||||
| Net income (loss) attributable to parent: | (152) | (126) | (231) | (3) | (43) | 16 | (20) | |
| Preferred stock dividends and other adjustments | (2) | (2) | (2) | (1) | ||||
| Other undisclosed net loss available to common stockholders, basic | (10) | |||||||
| Net income (loss) available to common stockholders, diluted: | (152) | (126) | (231) | (15) | (45) | 14 | (20) | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 6/30/2016 | 6/30/2015 | 6/30/2014 | 6/30/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (152) | (126) | (231) | (18) | (43) | 16 | (20) | |
| Other comprehensive income (loss) | (0) | 7 | (13) | |||||
| Other undisclosed comprehensive loss | (1) | |||||||
| Comprehensive income (loss): | (152) | (126) | (231) | (18) | (36) | 3 | (20) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 0 | |||||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (0) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (152) | (126) | (231) | (18) | (36) | 3 | (20) | |
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.