Titan Energy, LLC (TTEN) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2017
MRQ
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 24,4461,35315,2471,82823,188
Cash and cash equivalents 24,4461,35315,2471,82823,188
Receivables 33,72863,367112,03858,82238,718
Inventory, net of allowances, customer advances and progress billings    5,300
Inventory     5,300
Prepaid expense    10,097
Derivative instruments and hedges, assets  159,460141,3661,89112,274
Prepaid expense and other current assets9,063
Other undisclosed current assets 27,92642,81258,40947,69250,057
Total current assets: 86,100266,992327,060120,330138,600
Noncurrent Assets
Property, plant and equipment 784,7231,191,6112,208,1712,120,8181,302,228
Intangible assets, net (including goodwill)  14,09514,33032,74733,104
Goodwill  13,63913,63931,78431,784
Intangible assets, net (excluding goodwill)  4566919631,320
Derivative instruments and hedges  198,262127,93327,0848,898
Deferred costs   40,63735,29214,500
Other noncurrent assets 11,01160,04450,08141,958
Prepaid expense and other noncurrent assets16,122
Other undisclosed noncurrent assets   (40,637)(34,429)(14,500)
Total noncurrent assets: 795,7341,464,0122,400,5152,223,4701,360,352
TOTAL ASSETS: 881,8341,731,0042,727,5752,343,8001,498,952
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 51,501101,105212,84097,46484,937
Interest and dividends payable 1,78929,77047,328  
Accounts payable 30,16149,249109,04969,34659,549
Accrued liabilities 19,55122,08656,46328,11825,388
Debt 694,810    
Derivative instruments and hedges, liabilities 34,799  6,353 
Due to related parties  9,9244,271  
Other undisclosed current liabilities 15,58950,971121,947139,898132,076
Total current liabilities: 796,699162,000339,058243,715217,013
Noncurrent Liabilities
Long-term debt and lease obligation  1,534,4821,394,460942,334351,425
Long-term debt, excluding current maturities  1,534,4821,394,460942,334351,425
Liabilities, other than long-term debt 92,076119,150108,56190,46066,079
Asset retirement obligations 75,347113,740106,528  
Other liabilities 2,1145,4102,03390,39365,191
Derivative instruments and hedges, liabilities 14,615  67888
Total noncurrent liabilities: 92,0761,653,6321,503,0211,032,794417,504
Total liabilities: 888,7751,815,6321,842,0791,276,509634,517
Equity
Equity, attributable to parent, including: 6,94119,375185,90925,69921,569
Common stock 6,796    
Accumulated other comprehensive income  19,375185,90925,69921,569
Other undisclosed equity, attributable to parent 145    
Total equity: 6,94119,375185,90925,69921,569
Other undisclosed liabilities and equity (13,882)(104,003)699,5871,041,592842,866
TOTAL LIABILITIES AND EQUITY: 881,8341,731,0042,727,5752,343,8001,498,952

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

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues  740,033685,560467,655267,629
Revenue, net  364,671471,473268,003104,282
Cost of revenue  (1,379,567)(562,337)(371,828)(81,353)
Cost of goods and services sold  (157,978)(259,263)(164,290)(81,353)
Other undisclosed gross profit   (597,819)  
Gross profit:  (639,534)(474,596)95,827186,276
Operating expenses  (65,968)(670,168)(151,761)(308,356)
Other undisclosed operating income   597,819 81,353
Operating loss:  (705,502)(546,945)(55,934)(40,727)
Nonoperating income
(Investment Income, Nonoperating)
  267,223   
Interest and debt expense  (107,733)(62,744)(34,324)(4,195)
Loss from continuing operations:  (546,012)(609,689)(90,258)(44,922)
Loss before gain (loss) on sale of properties:  (546,012)(609,689)(90,258)(44,922)
Net loss attributable to parent:  (546,012)(609,689)(90,258)(44,922)
Preferred stock dividends and other adjustments  (33,015)(40,143)  
Net loss available to common stockholders, diluted:  (579,027)(649,832)(90,258)(44,922)

Comprehensive Income ($ in thousands)

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:  (546,012)(609,689)(90,258)(44,922)
Other comprehensive income (loss)  (172,096)160,210  
Comprehensive loss:  (718,108)(449,479)(90,258)(44,922)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (262,804)(1,269)3,143(18,403)
Comprehensive loss, net of tax, attributable to parent:  (980,912)(450,748)(87,115)(63,325)

Statements Sources

The financial statements are based on the Company's filings with 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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