TEXAS VANGUARD OIL CO (TVOC) financial statements (2021 and earlier)

Company profile

Business Address PO BOX 202650
AUSTIN, TX 78720-2650
State of Incorp. TX
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)

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,2139,036
Cash and cash equivalents12,2139,036
Receivables8,193140
Prepaid expense101
Prepaid expense and other current assets36
Other undisclosed current assets 221
Total current assets:20,5079,434
Noncurrent Assets
Property, plant and equipment2,2904,617
Other noncurrent assets1
Prepaid expense and other noncurrent assets1
Total noncurrent assets:2,2914,618
TOTAL ASSETS:22,79814,052
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,248525
Accounts payable478488
Taxes payable77138
Debt300 
Asset retirement obligation74
Deferred tax liabilities1,758 
Other undisclosed current liabilities(150)150
Total current liabilities:3,163680
Noncurrent Liabilities
Liabilities, other than long-term debt93956
Asset retirement obligations93624
Deferred tax liabilities, net 332
Total noncurrent liabilities:93956
Total liabilities:3,2561,635
Stockholders' equity
Stockholders' equity attributable to parent19,54212,417
Common stock7171
Additional paid in capital1,8891,889
Retained earnings17,58310,457
Total stockholders' equity:19,54212,417
TOTAL LIABILITIES AND EQUITY:22,79814,052

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

12/31/2013
12/31/2012
Revenues5,7596,582
Revenue, net5,7056,421
Cost of revenue(2,592)(4,800)
Gross profit:3,1671,782
Operating expenses(4,729)(6,562)
Operating loss:(1,562)(4,780)
Nonoperating income
(Investment Income, Nonoperating)
5251
Interest and debt expense(3)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes11,5675,357
Income from continuing operations before income taxes:10,054625
Income tax expense(2,928)(238)
Net income available to common stockholders, diluted:7,126388

Comprehensive Income ($ in thousands)

12/31/2013
12/31/2012
Net income:7,126388
Comprehensive income, net of tax, attributable to parent:7,126388

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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