Approach resources inc (AREX)
Balance Sheet / TTM
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
CURRENT ASSETS:
Cash and cash equivalents

7

7

15

0

0

0

0

0

0

0

0

0

2

0

0

0

0

0

0

0

0

4

58

25

55

0

0

0

0

0

0

0

0

23

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

7

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable:
Joint interest owners

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

8

Oil, NGLs and gas sales

5

4

7

6

10

10

9

9

8

8

8

9

8

7

7

11

14

17

17

19

24

21

22

15

13

10

12

12

9

10

10

9

8

6

Derivative instruments

0

1

1

5

0

0

1

1

0

0

0

-

1

1

6

6

16

16

30

39

-

2

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on commodity derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

-

1

1

2

-

-

2

1

0

Prepaid expenses and other current assets

2

4

2

3

3

2

1

5

3

4

1

2

1

1

1

1

1

1

1

0

1

1

0

0

-

-

0

-

-

-

-

-

-

-

Assets held for sale

-

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes - current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

2

0

0

-

0

-

-

0

1

0

1

1

2

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

Total current assets

15

18

28

16

14

13

12

16

12

13

10

12

13

12

16

20

32

36

49

61

30

39

90

42

71

12

15

14

13

13

11

15

13

41

PROPERTIES AND EQUIPMENT:
Oil and gas properties, at cost, using the successful efforts method of accounting

1,977

-

-

1,976

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Oil and gas properties, at cost, using the successful efforts method of accounting

-

1,976

1,976

-

1,976

1,957

1,944

1,930

1,912

1,904

1,882

1,869

1,867

1,863

1,858

1,853

1,852

1,838

1,782

1,708

1,510

1,421

1,320

-

-

-

-

-

-

-

-

-

-

-

Furniture, fixtures and equipment

3

3

3

5

5

5

5

5

5

5

5

5

5

5

5

5

-

-

-

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Furniture, fixtures and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Furniture, fixtures and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

5

-

4

4

2

2

2

2

2

2

2

1

1

1

1

1

Total oil and gas properties and equipment

1,981

1,980

1,980

1,982

1,982

1,963

1,950

1,936

1,917

1,910

1,887

1,875

1,873

1,869

1,863

1,859

1,858

1,843

1,787

1,713

1,515

1,425

1,322

1,245

1,144

1,094

1,025

955

879

809

732

687

632

474

Less accumulated depletion, depreciation and amortization

952

-

-

913

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less accumulated depletion, depreciation and amortization

-

939

926

-

899

885

868

853

837

820

801

783

764

744

724

704

682

436

408

382

327

299

275

-

-

-

-

-

-

149

-

128

120

106

Net oil and gas properties and equipment

1,028

1,040

1,053

1,068

1,082

1,077

1,081

1,082

1,080

1,089

1,086

1,092

1,109

1,124

1,138

1,154

1,175

1,407

1,379

1,331

1,187

1,126

1,047

-

-

-

-

-

-

-

-

-

-

-

Right of use operating lease assets

10

12

13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on commodity derivatives

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total properties and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,247

1,146

1,097

1,027

957

881

810

734

689

634

475

Less accumulated depletion, depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

253

234

216

199

181

164

-

138

-

-

-

Net properties and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

994

912

881

828

776

717

660

595

560

513

369

Equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

15

16

9

-

-

-

-

-

-

-

Unrealized gain on commodity derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

3

-

0

-

-

0

-

-

-

-

-

-

-

Unrealized gain on commodity derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

-

-

-

-

-

-

-

-

Unrealized gain on commodity derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1

2

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

2

2

-

-

-

-

-

-

-

-

8

-

9

7

8

8

8

0

0

0

1

1

1

1

3

2

Total assets

1,054

1,072

1,096

1,084

1,097

1,091

1,093

1,099

1,094

1,106

1,098

1,104

1,122

1,136

1,155

1,174

1,208

1,443

1,437

1,392

1,227

1,177

1,145

1,063

1,009

911

855

793

734

675

607

576

530

413

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable

10

3

4

9

12

8

10

9

10

12

6

9

9

10

13

10

13

16

23

33

-

-

38

-

-

-

-

-

-

-

-

-

-

-

Advances from non-operators

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

39

-

40

21

31

24

29

26

11

12

22

17

11

Oil, NGLs and gas sales payable

4

4

4

4

6

5

5

5

4

4

4

4

4

4

3

4

4

4

4

8

9

8

6

-

-

-

-

-

-

-

-

-

4

-

Operating lease liabilities

6

6

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative liabilities

-

-

-

-

4

4

2

2

2

0

2

4

2

3

-

-

-

-

-

-

12

10

1

2

-

2

-

1

0

3

1

0

0

1

Oil, NGL and gas sales payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

5

4

4

4

4

4

4

3

-

5

Deferred income taxes - current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

5

10

14

-

-

-

-

0

-

0

0

1

-

-

-

-

-

Accrued liabilities

6

5

10

6

18

10

8

8

11

16

12

7

10

10

10

13

21

40

49

50

50

45

37

57

27

28

29

28

19

43

24

15

14

10

Senior notes, net

84

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior secured credit facility, net

321

321

321

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

433

341

347

21

41

29

26

25

29

34

26

26

26

28

27

28

45

67

88

106

99

103

84

105

55

66

60

64

51

62

43

42

36

29

NON-CURRENT LIABILITIES:
Senior secured credit facility, net

-

-

-

300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

152

-

47

145

85

43

122

93

0

Senior secured credit facility, net

-

-

-

-

294

296

290

289

291

285

273

271

273

273

269

270

275

254

210

147

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Senior secured credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46

0

-

-

-

-

106

-

-

-

-

-

-

-

Senior notes, net

-

84

84

84

84

84

84

84

84

84

83

226

226

226

226

225

240

244

250

244

250

250

250

250

250

-

-

-

-

-

-

-

-

-

Derivative instruments

-

-

-

-

0

-

-

-

0

-

-

-

0

0

0

-

-

-

-

-

3

4

0

0

-

0

-

0

-

0

-

0

0

0

Deferred income taxes

65

70

73

77

77

-

-

82

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

78

80

-

135

139

144

5

10

15

24

31

26

107

110

110

99

95

91

53

52

49

48

49

50

47

46

52

49

44

Asset retirement obligations

11

11

11

11

11

11

11

11

10

10

10

10

10

10

10

10

10

9

9

9

8

8

8

8

7

7

7

7

7

6

6

6

6

5

Operating lease liabilities

4

5

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current liabilities

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

515

513

524

495

509

500

493

492

551

555

539

541

549

555

559

567

596

684

668

618

507

462

434

417

365

275

222

169

254

203

140

223

185

80

COMMITMENTS AND CONTINGENCIES

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

STOCKHOLDERS’ EQUITY:
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none outstanding

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value, 180,000,000 shares authorized, 93,655,524 and 95,030,569 issued and outstanding, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

744

743

743

744

743

742

742

742

724

722

721

586

584

583

582

580

578

577

575

572

568

567

565

565

563

562

560

550

404

403

400

277

276

273

Accumulated other comprehensive income

-

-

-

-

0

-0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

-0

-0

Accumulated deficit

-205

-186

-172

-155

-156

-152

-143

-135

-181

-173

-164

-23

-11

-2

13

26

32

181

193

201

151

147

144

80

80

72

72

73

75

67

66

75

68

58

Total stockholders’ equity

539

558

571

589

587

591

600

607

543

550

558

562

573

581

595

607

611

-

-

774

-

-

-

-

-

-

-

-

480

471

-

352

344

332

Total stockholders' equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

758

768

-

720

715

710

646

644

635

633

624

-

-

467

-

-

-

Total liabilities and stockholders’ equity

1,054

1,072

1,096

1,084

1,097

1,091

1,093

1,099

1,094

1,106

1,098

1,104

1,122

1,136

1,155

1,174

1,208

1,443

1,437

1,392

1,227

1,177

1,145

1,063

1,009

911

855

793

734

675

607

576

530

413