Legacy reserves inc. (LGCY)
Balance Sheet / TTM
Dec'19Dec'19Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Dec'17
ASSETS
Current assets:
Cash

4

16

7

13

1

1

1

3

1

Restricted cash

24

27

3

-

-

-

0

-

-

Accounts receivable, net:
Oil and natural gas

62

63

63

49

50

63

56

61

62

Joint interest owners

15

13

13

13

13

16

15

14

27

Other

0

0

0

0

0

0

0

0

-

Fair value of derivatives (Notes 11 and 12)

0

0

0

3

0

9

66

19

13

Prepaid expenses and other current assets

9

10

10

14

15

13

11

10

7

Total current assets

117

131

97

93

81

104

151

108

112

Oil and natural gas properties, at cost:
Proved properties

650

646

3,565

3,554

3,517

3,507

3,471

3,497

3,529

Unproved properties

280

280

20

20

19

19

19

28

28

Accumulated depletion, depreciation, amortization and impairment

4

0

2,424

2,394

2,261

2,221

2,177

2,192

2,204

Total oil and natural gas properties, net

925

926

1,161

1,179

1,275

1,305

1,314

1,333

1,353

Other property and equipment, net of accumulated depreciation and amortization of $— and $12,323, respectively

5

6

5

6

6

6

2

2

2

Operating rights, net of amortization of $0 and $6,123, respectively

0

0

0

-

-

-

0

0

1

Fair value of derivatives (Notes 11 and 12)

0

0

0

0

0

0

3

3

14

Other assets

0

0

0

1

2

3

3

3

8

Total assets

1,048

1,064

1,266

1,281

1,365

1,420

1,474

1,451

1,493

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Current debt, net

0

0

596

563

569

883

856

527

0

Accounts payable

12

8

5

8

2

28

11

7

13

Accrued oil and natural gas liabilities (Note 3)

61

63

63

74

58

76

98

83

81

Fair value of derivatives (Notes 11 and 12)

10

4

4

0

0

2

0

39

18

Asset retirement obligation (Note 14)

4

4

3

3

3

3

3

3

3

Other

28

45

50

36

8

18

13

43

29

Total current liabilities

116

126

724

686

643

1,012

984

703

144

Long-term debt (Note 5)

369

379

0

0

0

416

432

755

1,346

Asset retirement obligation (Note 14)

147

147

257

255

253

250

248

261

271

Fair value of derivatives (Notes 11 and 12)

3

2

2

0

0

0

0

12

1

Other long-term liabilities

2

2

2

2

3

3

0

0

0

Total long-term liabilities

-

-

-

257

256

-

-

-

-

Liabilities subject to compromise

-

-

-

790

787

-

-

-

-

Total liabilities

639

658

1,776

1,734

1,687

1,683

1,667

1,733

1,764

Commitments and contingencies (Notes 5 and 12)

-

-

-

-

-

-

-

0

-

Stockholders' equity (deficit):
Limited partners' deficit - 72,594,620 units issued and outstanding at December 31, 2017

-

-

-

-

-

-

-

-

-531

General partner’s deficit (approximately 0.02%)

-

-

-

-

-

-

-

-

-0

Common stock, $0.01 par value; 945,000,000 shares authorized, 109,442,278 shares outstanding at December 31, 2018 (Predecessor)

0

0

1

1

1

1

1

1

0

Additional paid-in capital

405

405

43

40

36

32

24

13

0

Retained earnings (accumulated deficit)

3

0

-554

-495

-359

-296

-218

-296

0

Total stockholders’ deficit

409

406

-510

-453

-321

-262

-192

-281

-

Total partners' deficit

-

-

-

-

-

-

-

-

-271

Total liabilities and stockholders' equity (deficit)

1,048

1,064

1,266

1,281

1,365

1,420

1,474

1,451

1,493

Preferred Unit Series A [Member]
Preferred equity

-

-

-

-

-

-

-

-

55

Preferred Unit Series B [Member]
Preferred equity

-

-

-

-

-

-

-

-

174

Incentive Distribution Equity [Member]
Incentive distribution equity - 100,000 units issued and outstanding at December 31, 2017

-

-

-

-

-

-

-

-

30

Partners' Capital

-

-

-

-

-

-

-

-

30