U.S. Energy Corp. (USEG) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3223334
Cash and cash equivalents3223334
Short-term investments0     0
Receivables1111113
Derivative instruments and hedges, assets     2 
Disposal group, including discontinued operation   000 
Assets held-for-sale, not part of disposal group1  11 
Other current assets  00100
Other undisclosed current assets0011 0 
Total current assets:5346578
Noncurrent Assets
Operating lease, right-of-use asset00
Property, plant and equipment      4
Oil and gas property, full cost method7  8102388
Other noncurrent assets0002232
Other undisclosed noncurrent assets022   22
Total noncurrent assets:82291226116
Other undisclosed assets 89    
TOTAL ASSETS:121315151733124
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:111   8
Accounts payable      7
Employee-related liabilities      0
Other undisclosed accounts payable and accrued liabilities111    
Debt 01166 
Derivative instruments and hedges, liabilities   0   
Asset retirement obligation    (0)0 
Due to related parties0  0   
Disposal group, including discontinued operation     0 
Customer refund liability    34 
Deferred revenue and credits   0
Other liabilities     00
Other undisclosed current liabilities000126(0)
Total current liabilities:212211178
Noncurrent Liabilities
Long-term debt and lease obligation00 1  6
Long-term debt, excluding current maturities   1  6
Operating lease, liability00
Liabilities, other than long-term debt1111115
Deferred revenue and credits   1
Accounts payable and accrued liabilities  00001
Asset retirement obligations1111111
Liability, pension and other postretirement and postemployment benefits      1
Other liabilities0      
Other undisclosed noncurrent liabilities00011 (2)
Total noncurrent liabilities:2113218
Total liabilities:4235131816
Temporary equity, carrying amount 22    
Stockholders' equity
Stockholders' equity attributable to parent991011415107
Preferred stock   00  
Common stock0000000
Additional paid in capital143137137137128125124
Accumulated other comprehensive loss   (1)(0) (0)
Accumulated deficit(134)(128)(127)(125)(124)(110)(17)
Total stockholders' equity:991011415107
TOTAL LIABILITIES AND EQUITY:121315151733124

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues276761032
Revenue, net761033
Cost of revenue
(Cost of Goods and Services Sold)
     (7)(14)
Gross profit:27676319
Operating expenses(8)(7)(7)(8)(18)(79)(35)
Other undisclosed operating income     714
Operating loss:(5)(1)(1)(1)(12)(69)(2)
Nonoperating income (expense)(1)00(0)020
Investment income, nonoperating   1100
Other nonoperating income0     0
Interest and debt expense (0)(0)(4)(0)(0)(0)
Loss from continuing operations before equity method investments, income taxes:(6)(1)(1)(6)(12)(68)(2)
Other undisclosed income from continuing operations before income taxes  04000
Loss from continuing operations before income taxes:(6)(1)(1)(1)(12)(67)(2)
Income tax benefit0      
Other undisclosed loss from continuing operations (0)(0)(1)(0)  
Loss from continuing operations:(6)(1)(1)(2)(12)(67)(2)
Loss from discontinued operations    (2)(26) 
Loss before gain (loss) on sale of properties:(6)(1)(1)(2)(14)(93)(2)
Other undisclosed net income    0  
Net loss:(6)(1)(1)(2)(14)(93)(2)
Other undisclosed net income attributable to parent 001   
Net loss attributable to parent:(6)(1)(1)(1)(14)(93)(2)
Preferred stock dividends and other adjustments (0)(0)(1)0  
Other undisclosed net income (loss) available to common stockholders, basic0   (0)  
Net loss available to common stockholders, diluted:(6)(1)(1)(2)(14)(93)(2)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(6)(1)(1)(2)(14)(93)(2)
Other comprehensive income      0
Comprehensive loss:(6)(1)(1)(2)(14)(93)(2)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  0(0)(0)0(0)
Comprehensive loss, net of tax, attributable to parent:(6)(1)(1)(2)(14)(93)(2)

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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