Abraxas petroleum corp (AXAS)
Balance Sheet / Quarterly
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'11Mar'11Dec'10
Current assets:
Cash and cash equivalents

7,139

-

1,325

867

0

882

5,645

1,618

819

652

1,061

0

0

1,840

483

3,540

0

957

3,869

3,772

2,686

3,742

349

5,205

4,985

2,432

154

2,061

2,615

308

-

0

-

4,151

-

Accounts receivable:
Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

14

-

99

Joint owners, net

4,556

12,522

6,296

17,110

15,948

19,399

6,816

14,218

4,548

4,542

992

677

2,038

774

507

1,552

1,639

2,963

3,419

5,648

4,536

5,299

7,710

15,493

15,506

5,647

11,835

8,883

3,119

1,801

2,051

3,354

1,241

1,538

5,145

Oil and gas production sales

17,711

17,023

22,727

21,991

30,217

13,323

17,873

17,789

11,933

6,056

8,316

11,595

9,556

6,143

5,551

6,713

7,556

11,669

8,625

15,308

24,778

22,572

19,013

16,625

21,702

16,366

16,768

10,887

9,888

8,850

11,075

8,897

7,425

9,151

6,958

Other

1,002

1,114

503

535

254

2

937

86

0

1,031

0

1,252

563

264

389

1,241

2,816

884

476

647

440

980

75

1,497

643

4,880

618

661

1,603

754

303

655

350

298

642

Total accounts receivable

23,269

30,659

29,526

39,636

46,419

32,724

25,626

32,093

16,481

11,629

9,308

13,524

12,157

7,181

6,447

9,506

12,011

15,516

12,520

21,603

29,754

28,851

26,798

33,615

37,851

26,893

29,221

20,431

14,610

11,405

13,429

12,906

9,016

10,987

12,745

Total accounts receivable

23,269

30,659

29,526

39,636

46,419

32,724

25,626

32,093

16,481

11,629

-

13,524

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,221

-

14,610

11,405

13,429

12,906

9,016

10,987

12,745

Derivative asset - short-term

4,388

517

294

9,602

470

-

7

-

1,056

4,508

2,320

54

1,962

1,029

13,091

18,902

12,881

4,082

12,564

12,214

332

113

218

85

735

1,170

92

41

18

2,535

5,091

11,416

8,727

6,964

6,941

Assets held for sale

7,876

-

-

-

-

-

-

-

0

0

0

9,685

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,800

2,746

-

22,377

-

-

-

0

0

8,457

Other current assets

921

781

792

626

739

703

719

778

740

631

597

676

757

552

699

726

696

615

721

843

738

362

529

644

652

624

555

488

543

455

483

391

530

415

396

Total current assets

43,593

31,957

31,937

50,731

47,628

34,309

31,997

34,489

19,096

17,420

13,286

23,939

14,876

10,602

20,720

32,674

25,588

21,170

29,674

38,432

33,510

33,068

27,894

39,549

44,223

65,919

32,768

23,021

40,163

14,703

19,003

24,713

18,287

22,517

28,638

Proved oil and gas properties, full cost method

1,153,672

1,135,758

1,120,788

1,091,905

1,047,913

999,295

954,762

923,237

881,325

834,566

804,863

794,634

797,673

789,189

788,037

787,683

770,415

757,031

729,684

716,922

694,071

652,158

597,615

564,755

579,365

550,407

576,311

563,317

541,722

521,919

-

490,908

-

-

-

Proved

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

513,461

-

468,385

459,705

434,858

Unproved properties excluded from depletion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,976

3,779

3,499

2,089

2,025

2,185

1,927

1,100

8,005

1,911

1,085

Other property and equipment

39,580

39,548

39,494

39,453

39,277

39,770

39,292

39,136

38,833

38,758

38,747

38,569

37,784

41,479

41,466

41,444

41,358

41,235

40,871

40,683

39,980

39,213

38,684

38,959

38,858

38,249

38,196

37,833

37,551

37,290

37,140

33,783

23,435

11,742

11,536

Total

1,193,252

1,175,306

1,160,282

1,131,358

1,087,190

1,039,065

994,054

962,373

920,158

873,324

843,610

833,203

835,457

830,668

829,503

829,127

811,773

798,266

770,555

757,605

734,051

691,371

636,299

603,714

622,199

592,435

618,006

603,239

581,298

561,394

552,528

525,791

499,825

473,358

447,479

Less accumulated depreciation, depletion, amortization and impairment

806,916

794,056

781,604

768,140

754,862

744,109

735,066

724,606

715,665

707,419

702,653

696,892

690,135

680,057

645,652

604,289

527,353

456,721

447,345

434,726

453,153

440,322

429,408

423,069

412,544

404,088

396,816

390,407

376,673

358,232

351,214

346,239

341,367

337,561

330,231

Total property and equipment, net

386,336

381,250

378,678

363,218

332,328

294,956

258,988

237,767

204,493

165,905

140,957

136,311

145,322

150,611

183,851

224,838

284,420

341,545

323,210

322,879

280,898

251,049

206,891

180,645

209,655

188,347

221,190

212,832

204,625

203,162

201,314

179,552

158,458

135,797

117,248

Operating lease ROU asset

441

518

579

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

28,249

-

26,215

-

-

-

Investment in joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,998

-

26,091

25,545

24,027

Deferred financing fees, net

822

964

1,084

1,149

1,261

1,277

1,380

1,285

1,190

1,278

691

818

1,050

1,122

1,477

1,642

1,807

1,973

2,078

2,216

2,307

2,366

1,791

2,140

2,477

2,817

3,061

3,397

3,523

3,797

3,532

3,490

3,720

3,751

3,494

Derivative asset, long-term

9,577

4,394

2,654

10,527

11

-

19

-

1,561

2,269

1,342

-

914

1,030

5,892

8,463

10,353

8,106

11,333

10,981

7

0

547

925

489

2,317

381

594

1,061

2,640

232

6,412

6,443

6,680

8,674

Other assets

255

265

265

265

265

265

265

265

265

265

340

580

580

580

255

255

255

255

255

391

391

391

391

391

391

693

761

763

756

744

773

768

796

858

828

Total assets

441,024

419,348

415,197

425,890

381,493

330,807

292,649

273,806

226,605

187,137

156,616

161,648

162,742

163,945

212,195

267,872

322,423

373,049

366,550

374,899

317,113

286,874

237,514

223,650

257,235

260,093

258,161

240,607

250,128

253,295

251,852

241,150

213,795

195,148

182,909

Current liabilities:
Accounts payable

32,542

41,092

40,070

39,571

41,607

54,519

24,257

45,570

27,017

29,683

16,169

18,397

22,068

12,316

9,651

24,825

25,619

33,810

21,038

63,549

45,011

49,003

40,904

52,793

40,750

41,971

45,109

42,387

25,111

18,491

-

21,373

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,542

-

22,147

13,549

23,589

Joint interest oil and gas production payable

19,062

17,052

24,323

23,063

30,692

10,121

14,890

11,502

8,834

6,176

8,040

8,937

7,516

6,218

6,711

7,177

6,722

9,542

8,520

14,423

20,752

16,509

16,961

23,810

27,964

14,006

14,257

6,947

3,897

7,208

7,237

5,835

5,136

6,847

3,000

Accrued interest

283

312

-

335

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

79

65

-

67

86

-

-

-

-

-

-

-

-

-

Accrued interest

-

-

367

-

251

179

187

140

90

26

9

44

53

62

107

115

99

95

117

72

2,204

2,106

1,716

31

2,161

2,139

96

75

188

151

162

209

204

29

277

Other accrued expenses

1,235

1,047

795

511

1,403

951

752

539

750

648

687

571

1,032

1,092

846

622

1,730

1,408

1,129

1,006

-

-

-

1,231

-

-

1,330

962

1,822

1,319

732

284

1,727

1,574

779

Operating lease liability - current

189

284

371

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative liability short-term

5,560

7,785

10,417

616

22,845

21,477

14,221

10,837

2,621

105

495

2,382

1,586

4,100

10

0

0

0

0

13

924

6,318

2,860

2,728

3,784

2,532

4,216

3,462

4,728

4,058

11,622

11,640

5,099

11,788

9,742

Current maturities of long-term debt

276

274

270

267

264

261

264

262

259

256

253

786

1,313

1,834

6,350

2,330

2,300

2,275

2,252

2,235

2,205

2,181

2,158

2,142

2,113

1,634

1,155

657

189

186

184

181

160

157

152

Total current liabilities

59,147

67,846

76,613

64,363

97,062

87,508

54,571

68,850

39,571

36,894

25,653

31,117

33,568

25,622

23,675

35,069

36,470

47,130

33,056

81,298

71,171

76,196

64,664

82,735

76,839

62,368

66,163

54,490

35,935

31,413

47,479

39,522

34,473

33,944

37,539

Long-term debt – less current maturities

200,883

185,953

182,022

183,091

149,159

115,226

107,287

87,354

67,421

34,487

21,551

96,616

93,680

98,743

133,804

138,402

124,991

113,574

116,152

76,554

59,290

44,850

68,404

41,790

108,495

131,023

129,556

124,101

145,616

136,664

126,711

126,258

101,888

94,860

140,940

Operating lease liabilities - long-term

224

229

208

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative liability long-term

1,754

3,529

6,837

4,434

132

132

132

132

132

132

157

157

257

257

257

257

57

57

57

57

57

57

57

57

57

57

366

367

366

-

-

0

-

-

-

Derivative liability, long-term

-

-

-

-

17,188

10,852

3,750

2,387

957

423

2,319

6,630

3,638

4,002

356

0

-

-

-

-

1,024

5,785

2,510

2,274

2,022

510

3,244

3,568

1,423

1,128

4,696

4,307

1,849

10,752

11,672

Future site restoration

7,443

7,763

7,688

7,492

7,734

9,075

9,225

8,775

8,847

8,839

8,748

8,623

8,577

9,813

9,671

9,679

9,847

9,853

9,689

9,495

9,539

9,747

9,846

9,888

10,214

10,136

11,201

11,381

8,883

8,716

8,681

8,412

8,188

8,077

7,734

Total liabilities

269,451

265,320

273,368

259,380

271,275

222,793

174,965

167,498

116,928

80,775

58,428

143,143

139,720

138,437

167,763

183,407

171,365

170,614

158,954

167,404

141,081

136,635

145,481

136,744

197,627

204,094

210,530

193,907

192,223

177,921

187,567

178,499

146,398

147,633

197,885

Commitments and contingencies (Note 9)

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

0

-

-

-

0

-

-

0

Stockholders’ Equity:
Preferred stock, par value $0.01 per share – authorized 1,000,000 shares; -0- shares issued and 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

Common stock, par value $0.01 per share, authorized 400,000,000 shares; 168,399,643 and 166,713,784 issued and outstanding at September 30, 2019 and December 31, 2018, respectively

1,684

1,684

1,671

1,667

1,666

1,667

1,659

1,659

1,659

1,638

1,638

1,351

1,351

1,351

1,064

1,063

1,064

1,062

1,062

1,062

1,054

1,053

937

929

928

928

927

927

924

923

923

923

922

917

764

Additional paid-in capital

419,626

419,122

418,614

-

417,372

416,944

416,068

415,471

414,732

410,667

409,688

343,982

343,198

342,424

314,698

313,852

313,025

312,032

310,592

309,773

309,127

308,696

253,670

253,193

252,703

252,184

251,472

250,998

250,162

249,738

-

248,480

-

-

-

Additional paid-in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

249,016

-

247,995

247,523

184,223

Accumulated deficit

-249,737

-266,778

-278,456

-253,001

-308,820

-310,597

-300,043

-310,822

-306,714

-305,943

-313,138

-326,828

-321,527

-318,267

-271,330

-230,450

-163,031

-110,659

-104,058

-103,340

-133,475

-158,871

-161,905

-166,609

-193,605

-196,796

-204,661

-205,256

-193,391

-174,748

-185,648

-186,465

-181,205

-201,290

-200,208

Accumulated other comprehensive (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-674

-639

-669

-607

-418

-317

-107

31

210

-539

-6

-287

-315

365

245

Total stockholders’ equity

171,573

154,028

141,829

166,510

110,218

108,014

117,684

106,308

109,677

106,362

98,188

18,505

23,022

25,508

44,432

84,465

151,058

202,435

207,596

207,495

176,032

150,239

92,033

86,906

59,608

55,999

47,631

46,700

57,905

75,374

64,285

62,651

67,397

47,515

-14,976

Total liabilities and stockholders’ equity

441,024

419,348

415,197

425,890

381,493

330,807

292,649

273,806

226,605

187,137

156,616

161,648

162,742

163,945

212,195

267,872

322,423

373,049

366,550

374,899

317,113

286,874

237,514

223,650

257,235

260,093

258,161

240,607

250,128

253,295

251,852

241,150

213,795

195,148

182,909