U.S. Energy Corp. (USEG) financial statements (2020 and earlier)

Company profile

Business Address 675 BERING, SUITE 100
HOUSTON, TX 77057
State of Incorp. WY
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
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2233346
Cash and cash equivalents2233346
Short-term investments     00
Receivables1111137
Derivative instruments and hedges, assets    2 0
Disposal group, including discontinued operation  000  
Assets held-for-sale, not part of disposal group  11 
Prepaid expense and other current assets0
Other current assets 00100 
Other undisclosed current assets011 0  
Total current assets:34657813
Noncurrent Assets
Operating lease, right-of-use asset0
Property, plant and equipment     4112
Oil and gas property, full cost method  810238887
Other noncurrent assets002232 
Prepaid expense and other noncurrent assets2
Other undisclosed noncurrent assets22   22(87)
Total noncurrent assets:2291226116114
Other undisclosed assets89     
TOTAL ASSETS:1315151733124127
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:11   87
Accounts payable     76
Employee-related liabilities     01
Other undisclosed accounts payable and accrued liabilities11     
Debt01166  
Derivative instruments and hedges, liabilities  0   0
Asset retirement obligation   (0)0  
Due to related parties  0    
Disposal group, including discontinued operation    0  
Customer refund liability   34  
Deferred revenue and credits   00
Other liabilities    000
Other undisclosed current liabilities00126(0)(0)
Total current liabilities:122111787
Noncurrent Liabilities
Long-term debt and lease obligation0 1  69
Long-term debt, excluding current maturities  1  69
Operating lease, liability0
Liabilities, other than long-term debt1111152
Deferred revenue and credits   1 
Pension and other postretirement defined benefit plans, liabilities1
Accounts payable and accrued liabilities 00001 
Asset retirement obligations1111111
Liability, pension and other postretirement and postemployment benefits     1
Other undisclosed noncurrent liabilities0011 (2) 
Total noncurrent liabilities:11321811
Total liabilities:23513181618
Temporary equity, carrying amount22     
Stockholders' equity
Stockholders' equity attributable to parent91011415107109
Preferred stock  00   
Common stock0000000
Additional paid in capital137137137128125124124
Accumulated other comprehensive loss  (1)(0) (0)(0)
Accumulated deficit(128)(127)(125)(124)(110)(17)(15)
Total stockholders' equity:91011415107109
TOTAL LIABILITIES AND EQUITY:1315151733124127

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues7676103234
Revenue, net76103334
Cost of revenue
(Cost of Goods and Services Sold)
    (7)(14)(14)
Gross profit:767631920
Operating expenses(7)(7)(8)(18)(79)(35)(39)
Other undisclosed operating income    71414
Operating loss:(1)(1)(1)(12)(69)(2)(5)
Nonoperating income (expense)00(0)020(3)
Investment income, nonoperating  1100(0)
Other nonoperating income     00
Interest and debt expense(0)(0)(4)(0)(0)(0)(0)
Loss from continuing operations before equity method investments, income taxes:(1)(1)(6)(12)(68)(2)(8)
Loss from equity method investments      (0)
Other undisclosed income from continuing operations before income taxes 040000
Loss from continuing operations before income taxes:(1)(1)(1)(12)(67)(2)(8)
Other undisclosed loss from continuing operations(0)(0)(1)(0)   
Loss from continuing operations:(1)(1)(2)(12)(67)(2)(8)
Income (loss) from discontinued operations   (2)(26) 0
Loss before gain (loss) on sale of properties:(1)(1)(2)(14)(93)(2)(7)
Other undisclosed net income   0   
Net loss:(1)(1)(2)(14)(93)(2)(7)
Other undisclosed net income attributable to parent001    
Net loss attributable to parent:(1)(1)(1)(14)(93)(2)(7)
Preferred stock dividends and other adjustments(0)(0)(1)0   
Other undisclosed net loss available to common stockholders, basic   (0)   
Net loss available to common stockholders, diluted:(1)(1)(2)(14)(93)(2)(7)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(1)(1)(2)(14)(93)(2)(7)
Other comprehensive income     0 
Comprehensive loss:(1)(1)(2)(14)(93)(2)(7)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 0(0)(0)0(0)(0)
Comprehensive loss, net of tax, attributable to parent:(1)(1)(2)(14)(93)(2)(7)

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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