Titan Energy, LLC (TTEN) financial statements (2020 and earlier)

Company profile

Business Address 425 HOUSTON STREET, SUITE 300
FORT WORTH, TX 76102
State of Incorp. DE
Fiscal Year End December 31
SIC 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24115223
Cash and cash equivalents24115223
Receivables34631125939
Inventory, net of allowances, customer advances and progress billings   5
Inventory    5
Prepaid expense   10
Derivative instruments and hedges, assets 159141212
Prepaid expense and other current assets9
Other undisclosed current assets2843584850
Total current assets:86267327120139
Noncurrent Assets
Property, plant and equipment7851,1922,2082,1211,302
Intangible assets, net (including goodwill) 14143333
Goodwill 14143232
Intangible assets, net (excluding goodwill) 0111
Derivative instruments and hedges 198128279
Deferred costs  413515
Other noncurrent assets11605042
Prepaid expense and other noncurrent assets16
Other undisclosed noncurrent assets  (41)(34)(15)
Total noncurrent assets:7961,4642,4012,2231,360
TOTAL ASSETS:8821,7312,7282,3441,499
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities521012139785
Accounts payable30491096960
Accrued liabilities2022562825
Interest and dividends payable23047  
Debt695    
Derivative instruments and hedges, liabilities35  6 
Due to related parties 104  
Other undisclosed current liabilities1651122140132
Total current liabilities:797162339244217
Noncurrent Liabilities
Long-term debt and lease obligation 1,5341,394942351
Long-term debt, excluding current maturities 1,5341,394942351
Liabilities, other than long-term debt921191099066
Asset retirement obligations75114107  
Other liabilities2529065
Derivative instruments and hedges, liabilities15  01
Total noncurrent liabilities:921,6541,5031,033418
Total liabilities:8891,8161,8421,277635
Stockholders' equity
Stockholders' equity attributable to parent, including:7191862622
Common stock7    
Accumulated other comprehensive income 191862622
Other undisclosed stockholders' equity attributable to parent0    
Total stockholders' equity:7191862622
Other undisclosed liabilities and equity(14)(104)7001,042843
TOTAL LIABILITIES AND EQUITY:8821,7312,7282,3441,499

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 740686468268
Revenue, net 365471268104
Cost of revenue (1,380)(562)(372)(81)
Cost of goods and services sold (158)(259)(164)(81)
Other undisclosed gross profit  (598)  
Gross profit: (640)(475)96186
Operating expenses (66)(670)(152)(308)
Other undisclosed operating income  598 81
Operating loss: (706)(547)(56)(41)
Nonoperating income
(Investment Income, Nonoperating)
 267   
Interest and debt expense (108)(63)(34)(4)
Net loss attributable to parent: (546)(610)(90)(45)
Preferred stock dividends and other adjustments (33)(40)  
Net loss available to common stockholders, diluted: (579)(650)(90)(45)

Comprehensive Income ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss: (546)(610)(90)(45)
Other comprehensive income (loss) (172)160  
Comprehensive loss: (718)(449)(90)(45)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (263)(1)3(18)
Comprehensive loss, net of tax, attributable to parent: (981)(451)(87)(63)

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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