Isramco inc (ISRL)
Balance Sheet / TTM
Jun'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'11Dec'10
ASSETS
Current Assets:
Cash and cash equivalents

12,742

9,033

13,857

10,591

6,984

11,886

30,009

31,482

30,815

26,596

26,090

25,826

23,773

22,952

22,078

25,443

16,793

3,927

2,027

7,226

6,180

3,296

4,149

2,526

1,718

674

615

2,138

1,473

1,137

2,122

4,788

1,707

862

5,657

Accounts receivable, net of allowances for doubtful accounts of $2,419 and $2,553

15,727

20,314

18,920

20,531

19,237

14,037

12,549

14,059

12,868

11,432

9,902

9,378

9,445

10,015

12,460

11,925

12,895

13,163

17,266

19,516

19,127

17,554

14,755

16,346

14,512

11,351

11,856

10,441

8,556

7,025

6,459

5,672

5,726

5,910

6,110

Restricted and designated cash

832

831

830

704

703

703

802

702

702

701

701

762

686

186

185

161

161

61

61

61

61

61

1,561

1,561

1,561

1,561

61

61

61

290

290

2,889

2,889

2,889

889

Inventories

605

559

563

502

421

419

475

537

554

574

697

718

781

770

871

1,045

1,205

1,202

829

897

588

496

428

259

104

104

122

-

-

83

86

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

709

329

3,160

-

6,561

7,465

6,872

-

5,858

5,277

4,710

-

2,875

2,749

2,094

2,539

2,158

3,144

3,821

3,368

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,539

-

-

-

4,160

-

-

-

-

-

-

-

-

Derivative asset

16

257

293

260

178

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,562

-

961

4,481

1,664

135

2,156

Prepaid expenses and other

1,733

1,897

2,956

1,574

1,528

2,115

2,711

2,128

1,742

1,934

2,295

1,718

2,919

2,268

2,679

2,999

1,186

1,542

2,517

2,228

397

1,015

911

463

487

495

572

331

307

376

620

4,539

415

-

715

Prepaid expenses and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

592

-

Total Current Assets

31,655

32,891

37,419

34,162

29,051

29,160

46,546

48,908

46,681

41,237

39,685

38,402

37,604

36,191

38,273

42,282

32,569

23,055

22,700

36,489

33,818

29,294

28,343

27,013

23,659

18,895

17,386

15,846

14,708

11,005

13,077

24,527

15,545

14,209

18,895

Oil and Gas properties

244,666

244,507

244,450

244,277

244,114

243,974

243,812

243,732

243,582

244,218

244,158

244,067

243,990

243,915

243,855

243,724

245,372

246,625

245,022

241,355

238,881

237,663

236,399

234,465

234,054

232,602

231,327

230,060

228,823

226,911

225,108

224,266

223,427

222,752

222,122

Advanced payment for equipment

662

662

569

462

462

452

564

440

440

440

440

440

440

440

440

440

440

489

489

738

550

660

330

694

111

87

98

300

300

200

650

-

-

-

-

Production service equipment and other equipment and property

68,447

68,280

66,929

66,982

63,911

62,109

59,108

59,426

57,675

57,426

57,292

56,695

56,817

56,654

56,490

-

-

-

53,935

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Property and Equipment

313,775

313,449

311,948

311,721

308,487

306,535

303,484

303,598

301,697

302,084

301,890

301,202

301,247

301,009

300,785

300,691

302,213

301,972

299,446

294,572

286,337

281,298

273,565

265,061

257,846

254,033

250,412

246,711

241,924

237,221

232,618

229,247

224,746

223,862

223,044

Accumulated depreciation, depletion, amortization and impairment

-

-

-

-

-

-

251,355

-

-

-

246,390

-

-

-

235,194

-

-

-

183,513

-

-

-

153,147

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated depreciation, depletion, amortization and impairment

260,492

259,080

257,706

255,446

254,031

252,594

-

250,049

248,601

247,894

-

240,261

238,712

237,256

-

-213,614

-188,687

-185,768

-

-161,446

-158,405

-155,660

-

-125,192

-122,733

-120,302

-117,799

-113,890

-110,698

-107,717

-105,224

-100,146

-97,128

-

-91,208

Accumulated depreciation, depletion and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

94,205

-

Net Property and Equipment

53,283

54,369

54,242

56,275

54,456

53,941

52,129

53,549

53,096

54,190

55,500

60,941

62,535

63,753

65,591

87,077

113,526

116,204

115,933

133,126

127,932

125,638

120,418

139,869

135,113

133,731

132,613

132,821

131,226

129,504

127,394

129,101

127,618

129,657

131,836

Marketable securities, at market

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

4,554

3,623

20,943

15,880

16,099

Debt cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70

Derivative asset

0

53

388

1,102

1,019

-

187

-

-

-

-

-

-

-

-

-

347

-

-

-

-

-

-

-

-

-

-

-

1,807

318

1,421

3,673

558

-

343

Derivative asset

-

-

-

-

-

837

-

37,941

37,957

38,731

38,735

37,249

37,187

36,832

35,496

27,627

20,611

17,996

20,231

9,092

6,697

8,010

9,152

2,519

2,604

-

3,959

-

-

-

-

-

-

-

-

Derivative asset

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

56,527

56,401

54,858

-

52,479

46,906

42,975

36,836

29,902

23,681

21,344

18,987

16,351

12,801

10,110

6,860

4,981

1,319

1,110

922

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

329

359

389

419

448

513

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash – long term

21,543

23,366

19,304

23,045

25,448

26,519

9,674

7,072

7,018

7,070

7,122

7,174

7,227

7,628

7,080

6,525

4,680

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments

261

261

261

261

261

261

261

261

230

230

230

218

183

98

98

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,684

-

4,793

4,294

6,291

5,461

3,847

4,769

6,565

4,635

Total Assets

106,742

110,940

111,614

114,845

110,235

110,718

108,797

147,731

144,982

141,458

141,272

144,313

145,095

144,891

146,957

163,959

172,246

157,255

158,864

178,707

168,447

162,942

158,864

169,401

161,376

156,310

153,958

153,460

152,035

147,118

151,907

164,771

169,433

166,311

171,878

LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current Liabilities:
Accounts payable and accrued expenses

13,865

14,794

13,976

14,879

13,523

13,329

13,515

13,435

12,678

11,624

11,840

11,271

11,622

11,862

13,122

14,345

15,277

16,595

20,293

15,883

13,849

13,603

13,906

13,658

12,554

11,199

13,208

12,320

11,684

10,922

9,360

9,302

8,788

7,933

9,316

Bank overdraft

-

-

-

-

-

-

-

-

-

17

-

1

300

68

350

350

111

215

22

40

0

0

791

901

1,063

2,356

773

-

-

-

823

1,843

502

418

335

Short term debt and current maturities of long-term debt, net of discount of $632 and $724

19,548

21,237

21,739

21,437

21,601

21,639

18,517

15,620

11,874

8,934

9,147

8,801

9,481

9,675

9,602

9,538

6,711

-

1,284

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short term debt, accrued interest, and payables due to related party

-

-

-

2,800

-

-

60

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

804

-

1,763

214

804

-

-

-

-

-

-

-

-

-

-

-

-

-

Short term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

601

-

-

-

0

-

-

10,000

20,000

20,000

25,875

27,375

14,350

Payables due to related party

4,573

4,502

3,836

50

50

50

-

114

102

72

90

84

114

63

63

60

0

26,987

26,471

26,346

28,902

15,533

15,275

4,550

4,304

22,662

21,749

61,941

60,299

32,443

25,518

31,818

36,023

24,119

9,371

Accrued interest

924

1,012

1,057

1,096

1,146

1,079

1,027

1,032

1,017

989

974

1,000

962

947

950

921

88

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative liability

-

-

-

0

0

47

457

667

737

810

916

853

1,085

1,107

1,171

1,287

1,019

-

0

-

-

-

-

-

-

-

-

-

-

312

-

-

-

405

1,133

Total Current Liabilities

38,910

41,545

40,608

40,262

36,320

36,144

33,576

30,868

26,408

22,446

22,967

22,010

23,564

23,722

25,258

26,501

23,206

44,601

48,070

44,032

42,965

29,940

30,573

19,109

17,921

36,217

35,730

74,261

71,983

53,677

55,701

62,963

71,188

60,250

34,505

Due to related party and accrued interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

72,628

72,628

84,848

84,956

96,723

96,035

105,075

103,658

83,693

81,505

42,075

42,075

58,213

60,408

62,501

62,616

74,954

77,132

Long term debt, net of discount of $1,117 and $1,407

47,183

50,951

56,193

61,426

66,651

71,866

77,369

82,863

88,052

93,232

95,441

97,648

99,852

102,053

104,252

106,449

108,643

-

0

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

22,725

Derivative liability

326

-

0

-

-

-

-

404

329

73

100

1,973

2,218

1,811

431

1,087

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

283

2,402

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,517

57

-

-

1,195

-

-

-

-

-

-

-

-

-

-

-

Asset retirement obligations

22,348

22,179

22,172

22,045

22,045

21,872

21,670

21,436

21,204

20,970

20,748

20,540

20,313

20,104

19,884

19,674

19,701

20,281

20,046

19,791

19,269

19,018

18,814

18,545

18,319

18,094

17,908

17,746

17,549

17,392

17,250

17,061

16,925

16,713

16,577

Total liabilities

-

-

-

-

-

-

132,615

-

-

-

139,256

-

-

-

149,825

-

-

-

140,744

-

-

-

145,422

-

18,319

18,094

17,908

-

-

17,392

17,250

17,061

16,925

-

18,979

Total Liabilities

108,767

114,675

118,973

123,733

125,016

129,882

-

135,571

135,993

136,721

-

142,171

145,947

147,690

-

153,711

151,550

137,510

-

151,188

147,247

145,681

-

143,924

-

-

-

-

-

-

-

-

-

-

-

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

0

-

0

Shareholders’ Deficit:
Total other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,996

-

Common stock $0.01 par value; authorized 7,500,000 shares; issued 2,746,915 shares; outstanding 2,717,648 shares

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

Additional paid-in capital

23,853

23,853

23,853

23,853

23,853

23,853

23,853

23,853

23,853

23,853

23,853

23,853

23,853

23,853

23,853

23,853

23,853

23,853

23,853

23,853

23,853

23,853

23,268

23,268

23,268

23,268

23,268

23,268

23,194

23,194

23,194

23,194

23,194

23,194

23,194

Accumulated deficit

-16,738

-19,005

-23,036

-25,049

-31,227

-35,935

-40,970

-5,380

-8,856

-13,492

-16,660

-17,089

-20,462

-22,894

-23,405

-12,974

-2,985

-4,289

-6,095

3,024

-3,219

-7,180

-11,257

1,875

-1,948

-5,055

-4,547

-3,895

-2,736

-5,226

-6,768

-2,460

-17,154

-18,455

-14,149

Accumulated other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,254

1,649

12,801

9,509

9,629

Treasury stock, 29,267 shares at cost

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

164

Total Isramco, Inc. Shareholders’ Deficit

6,978

4,711

680

-1,333

-7,511

-12,219

-17,254

18,336

14,860

10,224

7,056

6,627

3,254

822

311

10,742

20,731

19,427

17,621

26,740

20,497

16,536

11,874

25,006

21,183

18,076

18,584

19,236

20,321

17,831

18,543

22,246

18,704

14,111

18,537

Non-controlling interest

-9,003

-8,446

-8,039

-7,555

-7,270

-6,945

-6,564

-6,176

-5,871

-5,487

-5,040

-4,485

-4,106

-3,621

-3,179

-494

-35

318

499

779

703

725

617

471

295

230

231

142

107

5

5

-

-

-

-

Total Deficit

-2,025

-3,735

-7,359

-8,888

-14,781

-19,164

-23,818

12,160

8,989

4,737

2,016

2,142

-852

-2,799

-2,868

10,248

20,696

19,745

18,120

27,519

21,200

17,261

12,491

25,477

21,478

18,306

18,815

19,378

20,428

17,836

18,548

-

-

-

18,537

Total Liabilities and Shareholders’ Deficit

106,742

110,940

111,614

114,845

110,235

110,718

108,797

147,731

144,982

141,458

141,272

144,313

145,095

144,891

146,957

163,959

172,246

157,255

158,864

178,707

168,447

162,942

157,913

169,401

161,376

156,310

153,958

153,460

152,035

147,118

151,907

164,771

169,433

166,311

171,878