APPROACH RESOURCES INC AREX Income Statement

Approach resources inc (AREX)

Income statement / TTM

Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
REVENUES:
Revenues
71,754	88,900	104,506	114,035	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil, NGLs and gas sales
-	-	-	-	-	-	-	-	-	-	99,042	-	89,289	99,481	115,653	131,336	160,914	195,097	229,900	258,529	262,024	238,096	206,960	181,302	158,046	146,888	134,543	128,892	124,706	119,626	118,822	108,387	92,180	77,377	0	0	0
EXPENSES:
Lease operating
18,020	19,878	20,732	21,129	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease operating
-	-	-	-	-	-	-	-	-	-	17,064	-	22,712	26,499	28,182	28,972	30,983	30,967	31,996	32,701	28,868	25,573	21,620	19,152	0	0	0	-	-	-	-	-	-	-	-	-	-
Production and ad valorem taxes
6,920	7,328	8,358	8,923	9,408	9,104	8,787	8,644	9,110	9,307	8,910	8,217	8,115	8,802	9,921	11,085	12,007	12,642	14,593	15,934	15,596	15,329	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Lease operating
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,153	12,249	11,620	10,687	11,815	10,454	0	0	0
Production and ad valorem taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-
Exploration
1,461	1,457	0	-	0	0	-	3,657	3,936	4,883	4,397	3,923	3,466	4,375	3,918	4,439	4,447	3,382	4,183	3,831	3,823	4,125	2,716	2,238	0	0	0	-	-	-	-	-	-	-	-	-	-
Severance and production taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Exploration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	7,445	5,663	0	0	0
General and administrative
15,510	16,346	18,117	20,922	23,720	24,510	24,972	24,333	25,868	25,327	24,611	24,734	23,167	24,612	26,290	28,341	31,374	31,779	31,671	32,104	32,326	30,822	28,649	26,524	26,265	25,727	25,549	24,903	22,470	20,622	20,164	17,900	15,090	13,486	0	0	0
Restructuring expenses
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Termination costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of oil and gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depletion, depreciation and amortization
54,185	55,577	59,358	61,432	63,202	65,545	68,239	70,521	73,750	76,329	76,777	79,044	82,815	94,615	103,028	109,319	114,810	109,547	109,716	106,802	100,143	93,597	83,506	76,956	72,978	70,293	66,407	60,381	52,435	44,062	37,453	32,475	28,226	24,881	0	0	0
Impairment
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of assets
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
111,848	107,651	113,510	112,826	117,937	119,462	123,612	125,057	129,256	131,914	131,759	135,168	140,275	380,536	392,972	403,789	410,643	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	134,085	131,111	125,877	118,091	123,653	111,405	103,480	97,531	67,542	58,641	0	0	0
OPERATING (LOSS) INCOME
-40,094	-18,751	-9,004	1,209	2,140	-6,339	-15,846	-19,708	-25,819	-30,336	-32,717	-44,866	-50,986	-281,055	-277,319	-272,453	-254,340	6,780	37,741	67,157	80,386	67,669	56,016	43,592	23,961	15,777	8,666	10,801	1,053	8,221	15,342	10,856	24,638	18,736	0	0	0
OTHER:
Interest expense, net
28,413	27,232	26,004	25,117	23,892	22,744	21,476	21,053	22,769	24,532	26,424	27,259	26,609	26,007	25,442	25,066	24,345	23,322	22,436	21,651	21,161	20,898	17,992	14,084	0	0	0	-	-	-	-	-	-	-	-	-	-
Gain on debt extinguishment
-	-	-	-	-	-	-	5,053	0	0	0	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-off of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commodity derivative gain (loss)
7,602	4,000	-1,239	-321	-11,445	-11,749	-5,634	-262	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in losses of investee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	156	0	0	0	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,821	4,293	3,776	3,402	3,007	2,541	0	0	0
Realized (loss) gain on commodity derivatives
-	-	-	-	-	-	-	-	-	-	-	-	20,242	32,216	40,088	-	45,719	32,200	19,599	2,359	-5,224	-5,300	-2,694	-1,048	-1,655	-392	683	-108	0	0	0	-	-	-	-	-	-
Unrealized (loss) gain on commodity derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-18,558	-19,022	-24,850	-	13,978	32,492	38,718	42,113	3,858	-18,390	-6,422	-4,596	0	0	0	-	-	-	-	-	-	-	-	-	-
Other expense
-	-	-	-29	-30	17	30	32	32	-7	1,410	1,511	1,736	1,655	250	172	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Realized gain on commodity derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Unrealized (loss) gain on commodity derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,586	-4,338	2,870	347	-3,509	131	0	0	0
Gain on sale of oil and gas properties, net of foreign currency transaction loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	248	0	0	0	-	-
LOSS BEFORE INCOME TAX BENEFIT
-60,904	-42,000	-36,277	-24,258	-33,227	-40,815	-42,926	-35,938	-45,289	-46,507	-57,824	-76,661	-65,658	-282,213	-276,710	-267,509	-217,377	48,369	73,534	89,864	148,303	113,865	119,923	114,763	10,617	6,244	6,492	9,722	-3,577	11,012	11,150	10,730	28,901	20,201	0	0	0
INCOME TAX BENEFIT
0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	10,287	7,109	0	0	0
NET LOSS
-48,708	-33,786	-29,261	-19,911	25,038	20,787	20,963	-112,359	-171,651	-172,212	-179,351	-52,243	-44,527	-184,241	-180,056	-174,104	-145,898	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
NET (LOSS) INCOME
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	7,098	4,248	4,323	6,384	14,294	0	0	-	0	-	-	-	-
LOSS PER SHARE:
Basic
-0.20	-0.15	-0.18	0.02	-0.05	-0.10	-0.08	0.85	-0.10	-0.10	-2.00	-0.32	-0.22	-0.39	-0.33	-0.15	-3.67	-0.29	-0.19	0.68	0.57	0.10	0.08	1.65	0.01	0.20	-0.01	-0.03	-0.07	0.23	0.05	-0.33	0.25	0.28	0.05	0.10	0.07
Diluted
-0.20	-0.15	-0.18	0.02	-0.05	-0.10	-0.08	0.85	-0.10	-0.10	-2.00	-0.32	-0.22	-0.39	-0.33	-0.15	-3.67	-0.29	-0.19	0.67	0.57	0.10	0.08	1.65	0.01	0.20	-0.01	-0.03	-0.07	0.23	0.05	-0.33	0.25	0.28	0.05	0.10	0.07
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic
93,666	93,693	94,757	94,851	94,486	94,470	94,516	90,365	86,501	86,340	70,409	41,709	41,610	41,564	41,069	40,603	40,541	40,554	40,157	39,655	39,363	39,368	39,243	39,048	39,011	39,007	38,924	38,896	34,190	33,524	33,249	30,530	28,440	28,458	28,293	21,357	21,059
Diluted
93,666	93,693	94,757	94,851	94,486	94,470	94,516	90,365	86,501	86,340	70,409	41,709	41,610	41,564	41,069	40,603	40,541	40,554	40,157	39,655	39,379	39,384	39,259	39,090	39,032	39,029	38,924	38,943	34,190	33,550	33,437	30,751	28,652	28,687	28,542	21,484	21,184
Includes non-cash share-based compensation expense as follows:
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-