Laredo Petroleum, Inc. LPI Income Statement

Laredo petroleum, inc. (LPI)

Income statement / TTM

Mar'20	Dec'19	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
Revenues:
Oil, NGL and natural gas sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	373,928	363,730	386,758	431,734	529,906	624,789	682,107	737,203	708,907	680,257	674,433	664,844	662,762	635,682	598,243	583,569	570,516	558,283	549,437	506,255	0	0	0
Total revenues
833,326	837,281	834,446	920,623	1,055,026	1,105,775	1,130,825	1,056,897	892,852	822,162	766,139	720,055	679,827	597,378	536,339	526,945	562,503	606,640	720,655	770,556	771,269	793,885	710,011	680,610	674,862	665,257	663,173	636,168	598,587	583,894	567,611	556,236	548,248	506,347	0	0	0
Costs and expenses:
Lease operating expenses
90,217	90,786	91,661	92,937	91,947	91,289	86,825	82,546	80,008	75,049	74,097	72,680	71,801	75,327	79,563	86,498	96,479	108,341	116,072	116,125	107,098	96,503	82,073	76,473	78,479	79,136	84,308	81,308	74,783	67,325	61,257	55,838	50,372	43,306	0	0	0
Production and ad valorem taxes
42,737	40,712	40,857	43,787	44,864	49,457	49,223	44,766	40,833	37,802	33,914	31,422	30,932	28,586	27,894	28,723	30,241	32,892	38,633	43,288	46,948	50,312	47,666	46,839	43,401	42,396	42,198	42,567	40,163	37,637	36,981	33,220	33,799	31,982	0	0	0
Minimum volume commitments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,008	6,683	3,692	2,552	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Natural gas volume commitment - affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Drilling and production
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	2,884	3,468	3,596	2,675	0	0	0
General and administrative
45,772	54,729	62,609	77,154	92,932	96,138	98,663	100,266	95,440	96,312	98,303	99,408	97,902	91,756	88,507	85,315	88,021	90,425	89,736	93,901	100,245	106,044	109,446	106,773	97,716	89,696	80,478	70,294	64,209	62,106	59,311	63,554	59,666	51,064	0	0	0
Restructuring Charges
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	6,042	6,042	6,042	6,042	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Accretion of asset retirement obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,279	2,122	1,951	1,787	1,600	1,508	1,496	1,475	1,483	1,448	1,330	1,200	1,031	868	731	616	0	0	0
Depletion, depreciation and amortization
263,950	265,746	258,299	245,163	230,222	212,677	197,340	182,589	169,830	158,389	150,853	144,799	140,973	148,339	177,706	209,325	247,260	277,724	290,700	287,865	268,809	246,474	213,830	205,870	219,048	233,944	253,553	260,837	254,666	241,072	233,381	209,174	192,550	174,119	0	0	0
Impairment expense
0	-	0	-	0	-	0	-	-	-	-	-	-	162,027	1,139,588	2,046,438	2,535,074	2,374,888	1,401,231	494,381	4,782	3,904	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0
Other operating expenses
4,172	4,118	4,208	4,317	4,418	4,472	4,366	4,695	5,011	4,931	5,429	6,451	5,874	5,692	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
1,317,837	1,245,872	1,016,537	647,865	745,329	757,283	752,623	722,653	601,314	572,490	556,840	545,716	539,675	685,340	1,685,438	2,629,395	3,184,307	3,078,154	2,143,869	1,196,747	631,419	567,499	461,236	443,579	444,978	450,906	465,934	459,143	437,287	411,954	393,287	364,515	339,745	303,827	0	0	0
Operating income (loss)
-484,511	-408,591	-182,091	272,758	309,697	348,492	378,202	334,244	291,538	249,672	209,299	174,339	140,152	-87,962	-1,149,099	-2,102,450	-2,621,804	-2,471,514	-1,423,214	-426,191	139,850	226,386	248,775	237,031	229,884	214,351	197,239	177,025	161,300	171,940	174,324	191,721	208,503	202,520	0	0	0
Non-operating income (expense):
Commodity derivative financial instruments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Gain (loss) on derivatives, net
425,352	79,151	248,908	119,979	-14,391	42,984	-106,988	-102,184	-27,311	350	-5,515	28,776	-68,639	-87,425	28,672	164,402	169,021	214,291	471,203	421,413	422,187	327,920	-11,277	-80,092	0	-	0	0	-	-	-	0	0	-	0	0	0
Interest expense
70,970	61,547	61,620	61,274	59,933	57,904	62,574	71,426	80,175	89,377	92,594	91,974	92,313	93,298	93,781	94,052	94,510	103,219	110,713	117,914	124,601	121,173	114,298	108,678	103,964	100,327	101,012	100,506	96,237	85,572	76,299	64,686	54,748	50,580	0	0	0
Litigation settlement
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commodity derivatives, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	-
Interest rate derivatives, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-24	-109	0	0	-	0	-	-	-	-	-	-
Income from equity method investee (see Note 4.d)
-	-	-	-	-	-	-	-	-	8,485	11,054	8,948	10,173	9,403	8,473	10,312	9,530	6,799	4,479	2,314	-641	-192	8	117	109	29	-65	-113	-64	0	0	0	0	-	-	-	-
Interest and other income
-	-	-	-	-	-	-	-	-	-	-	0	0	-	181	240	402	426	372	313	334	294	387	413	231	163	101	55	58	59	63	81	88	108	0	0	0
Gain (Loss) on Extinguishment of Debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of assets, net
89	-248	-1,522	-3,432	-4,120	-5,798	-5,497	-5,872	-3,709	-1,306	-811	102	-844	-790	-569	-585	-1,525	-2,127	-2,771	-4,869	-3,993	-3,252	-4,474	-1,675	-1,529	-1,508	547	-68	0	-	0	0	-	-1	0	0	0
Write off of Deferred Debt Issuance Cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	124	124	1,626	1,626	1,502	1,502	0	0	-	0	-	-	6,195	0	0	0
Other income, net
3,847	4,623	4,710	3,887	1,484	1,070	962	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-operating income (expense), net
386,563	63,544	232,976	101,660	-76,960	-19,648	208,568	207,116	277,480	301,102	-87,307	-53,889	-152,244	-172,777	-57,866	79,475	51,381	84,633	331,033	269,720	293,286	203,473	-37,338	-132,914	-41,153	-23,267	-100,974	-113,986	-105,037	-77,176	-93,351	-8,299	-9,434	-36,932	0	0	0
Income (loss) before income taxes
-97,948	-345,047	50,885	374,418	232,737	328,844	586,770	541,360	569,018	550,774	121,992	120,450	-12,092	-260,739	-1,206,965	-2,022,975	-2,570,423	-2,386,881	-1,092,181	-156,471	433,136	429,859	211,437	104,117	188,731	191,084	96,265	63,039	56,263	94,764	80,973	183,422	199,069	165,588	0	0	0
Income tax (expense) benefit:
Current
-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred
-75	-2,588	2,476	6,711	4,960	5,056	1,768	0	0	0	0	0	0	0	0	41,258	-180,588	-176,945	-48,170	-43,650	167,822	164,286	78,813	43,083	73,504	74,507	36,145	22,007	19,444	33,003	29,096	66,028	71,684	59,612	0	0	0
Total income tax (expense) benefit
-75	-2,588	2,050	5,904	4,153	4,249	3,187	1,800	1,800	1,800	0	0	0	0	0	41,258	-180,588	-176,945	-48,170	-43,650	167,822	164,286	78,813	43,083	73,504	74,507	36,145	22,007	19,444	33,003	29,096	66,028	71,684	59,612	0	0	0
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	116,577	60,120	41,032	36,819	61,761	0	0	0	-	-	-	-
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,423	1,472	633	9	-107	0	0	0	-	-	-	-
Net Income (Loss) Attributable to Parent
-97,873	-342,459	48,835	368,514	228,584	324,595	583,583	539,560	567,218	548,974	121,992	120,450	-12,092	-260,739	-1,206,965	-2,064,233	-2,389,835	-2,209,936	-1,044,011	-112,821	265,314	265,573	132,531	61,667	116,378	118,000	61,592	41,665	36,828	61,654	51,392	117,022	127,119	105,554	0	0	0
Net income (loss) per common share:
Earnings Per Share [Abstract]
Basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.50	0.09	0.28	0.01	0.10	-0.06	0.24	0.21	-	-	-	-
Income from discontinued operations, net of tax (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-
Basic (USD per share)
1.01	-1.05	-1.14	0.75	-0.04	0.66	0.24	0.14	0.36	1.70	0.05	0.26	0.29	-0.02	0.04	-0.33	-0.85	-	-4.01	-1.88	0.00	1.42	0.59	-0.13	0.00	0.51	0.09	0.28	0.01	0.10	-0.06	0.24	0.21	-	-	-	-
Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.50	0.09	0.27	0.01	0.10	-0.06	0.24	0.20	-	-	-	-
Income from discontinued operations, net of tax (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-
Diluted (USD per share)
1.01	-1.05	-1.14	0.75	-0.04	0.65	0.24	0.14	0.36	1.71	0.05	0.25	0.28	-0.02	0.04	-0.33	-0.85	-	-4.01	-1.88	0.00	1.40	0.58	-0.13	0.00	0.51	0.09	0.27	0.01	0.10	-0.06	0.24	0.20	-	-	-	-
Weighted-average common shares outstanding:
Weighted-average common shares outstanding:
Basic (shares)
232,351	231,736	231,562	231,406	230,476	229,590	230,605	230,933	238,228	239,342	239,306	239,231	238,505	238,285	234,639	217,564	211,560	211,924	211,204	211,078	162,426	141,470	141,413	141,298	141,067	140,937	134,461	127,362	127,200	127,103	127,001	126,921	126,803	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
233,458	231,585	231,562	231,557	230,476	230,024	231,639	231,706	239,319	226,805	244,887	244,417	244,379	234,816	238,108	217,564	211,560	211,924	211,204	211,078	162,426	148,038	143,813	141,298	141,067	142,817	136,460	129,384	128,851	129,480	127,001	128,222	127,981	-	-	-	-
Oil sales
Total revenues
563,725	572,918	566,135	584,433	583,454	605,197	601,109	551,296	496,459	445,012	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NGL sales
Total revenues
79,653	100,330	108,818	139,110	153,718	149,843	149,088	125,974	108,970	101,438	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural gas sales
Total revenues
25,679	33,300	28,708	36,231	47,300	53,490	65,038	69,659	74,776	75,057	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Midstream service revenues
Total revenues
11,728	11,928	10,969	10,145	9,511	8,987	8,959	9,150	9,877	10,517	10,569	10,611	9,540	8,342	7,561	6,946	7,040	6,548	6,134	5,012	3,458	2,245	1,104	353	429	413	411	486	344	325	-2,905	-2,047	-1,189	92	0	0	0
Cost of goods and services sold
4,053	4,486	4,449	3,986	3,782	2,872	2,937	3,383	3,876	4,099	4,237	4,102	4,384	4,077	4,409	4,462	4,881	5,846	6,096	6,229	6,158	5,429	4,686	4,158	0	-	0	0	-	-	-	-	-	-	-	-	-
Sales of purchased oil
Total revenues
152,541	118,805	119,816	150,704	261,043	288,258	306,631	300,818	202,770	190,138	181,427	178,054	178,208	162,551	154,850	156,269	168,705	168,358	184,615	140,755	85,704	54,437	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods and services sold
169,244	122,638	119,826	150,295	260,701	288,674	306,699	302,874	206,316	195,908	190,007	186,854	186,846	169,536	162,950	165,679	176,084	174,338	186,545	139,584	85,167	53,967	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Transportation and marketing expenses
Cost of goods and services sold
34,182	25,397	20,367	19,820	16,463	11,704	6,570	1,534	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-996	-1,045	-444	65	0	0	0