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 | |||
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ASSETS | ||||||||
Current Assets | ||||||||
Cash, cash equivalents, and short-term investments | 24,446 | 1,353 | 15,247 | 1,828 | 23,188 | |||
Cash and cash equivalents | 24,446 | 1,353 | 15,247 | 1,828 | 23,188 | |||
Receivables | 33,728 | 63,367 | 112,038 | 58,822 | 38,718 | |||
Inventory, net of allowances, customer advances and progress billings | ✕ | 5,300 | ||||||
Inventory | 5,300 | |||||||
Prepaid expense | 10,097 | ✕ | ||||||
Derivative instruments and hedges, assets | 159,460 | 141,366 | 1,891 | 12,274 | ||||
Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | 9,063 | ||
Other undisclosed current assets | 27,926 | 42,812 | 58,409 | 47,692 | 50,057 | |||
Total current assets: | 86,100 | 266,992 | 327,060 | 120,330 | 138,600 | |||
Noncurrent Assets | ||||||||
Property, plant and equipment | 784,723 | 1,191,611 | 2,208,171 | 2,120,818 | 1,302,228 | |||
Intangible assets, net (including goodwill) | 14,095 | 14,330 | 32,747 | 33,104 | ||||
Goodwill | 13,639 | 13,639 | 31,784 | 31,784 | ||||
Intangible assets, net (excluding goodwill) | 456 | 691 | 963 | 1,320 | ||||
Derivative instruments and hedges | 198,262 | 127,933 | 27,084 | 8,898 | ||||
Deferred costs | 40,637 | 35,292 | 14,500 | |||||
Other noncurrent assets | 11,011 | 60,044 | 50,081 | 41,958 | ✕ | |||
Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | 16,122 | ||
Other undisclosed noncurrent assets | (40,637) | (34,429) | (14,500) | |||||
Total noncurrent assets: | 795,734 | 1,464,012 | 2,400,515 | 2,223,470 | 1,360,352 | |||
TOTAL ASSETS: | 881,834 | 1,731,004 | 2,727,575 | 2,343,800 | 1,498,952 | |||
LIABILITIES AND EQUITY | ||||||||
Liabilities | ||||||||
Current Liabilities | ||||||||
Accounts payable and accrued liabilities | 51,501 | 101,105 | 212,840 | 97,464 | 84,937 | |||
Interest and dividends payable | 1,789 | 29,770 | 47,328 | |||||
Accounts payable | 30,161 | 49,249 | 109,049 | 69,346 | 59,549 | |||
Accrued liabilities | 19,551 | 22,086 | 56,463 | 28,118 | 25,388 | |||
Debt | 694,810 | |||||||
Derivative instruments and hedges, liabilities | 34,799 | 6,353 | ||||||
Due to related parties | 9,924 | 4,271 | ||||||
Other undisclosed current liabilities | 15,589 | 50,971 | 121,947 | 139,898 | 132,076 | |||
Total current liabilities: | 796,699 | 162,000 | 339,058 | 243,715 | 217,013 | |||
Noncurrent Liabilities | ||||||||
Long-term debt and lease obligation | 1,534,482 | 1,394,460 | 942,334 | 351,425 | ||||
Long-term debt, excluding current maturities | 1,534,482 | 1,394,460 | 942,334 | 351,425 | ||||
Liabilities, other than long-term debt | 92,076 | 119,150 | 108,561 | 90,460 | 66,079 | |||
Asset retirement obligations | 75,347 | 113,740 | 106,528 | |||||
Other liabilities | 2,114 | 5,410 | 2,033 | 90,393 | 65,191 | |||
Derivative instruments and hedges, liabilities | 14,615 | 67 | 888 | |||||
Total noncurrent liabilities: | 92,076 | 1,653,632 | 1,503,021 | 1,032,794 | 417,504 | |||
Total liabilities: | 888,775 | 1,815,632 | 1,842,079 | 1,276,509 | 634,517 | |||
Equity | ||||||||
Equity, attributable to parent, including: | 6,941 | 19,375 | 185,909 | 25,699 | 21,569 | |||
Common stock | 6,796 | |||||||
Accumulated other comprehensive income | 19,375 | 185,909 | 25,699 | 21,569 | ||||
Other undisclosed equity, attributable to parent | 145 | |||||||
Total equity: | 6,941 | 19,375 | 185,909 | 25,699 | 21,569 | |||
Other undisclosed liabilities and equity | (13,882) | (104,003) | 699,587 | 1,041,592 | 842,866 | |||
TOTAL LIABILITIES AND EQUITY: | 881,834 | 1,731,004 | 2,727,575 | 2,343,800 | 1,498,952 |
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 | 740,033 | 685,560 | 467,655 | 267,629 | |||
Revenue, net | 364,671 | 471,473 | 268,003 | 104,282 | |||
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) | 95,827 | 186,276 | |||
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.