Approach resources inc (AREX)
Income statement / TTM
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-