Contango oil & gas company (MCF)
Balance Sheet / Yearly
Dec'19Sep'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'11
CURRENT ASSETS:
Cash and cash equivalents

1,624

2,044

-

-

-

0

-

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

137,508

101,485

82,606

79,487

137,784

129,983

159,902

152,090

137,448

150,007

Accounts receivable, net

39,567

11,118

10,147

11,530

11,531

10,957

10,927

13,701

13,059

11,757

11,621

11,825

16,727

10,629

12,309

13,200

20,504

21,335

23,171

21,767

25,309

35,990

37,132

41,260

60,613

29,445

36,460

27,017

48,850

28,332

39,208

33,944

47,923

41,682

43,967

Joint interest billings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,032

-

4,687

-

4,695

-

4,187

5,238

6,123

6,818

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

15,595

-

12,327

-

-

1,132

-

94

Other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,773

-

566

-

-

-

1,220

1,003

361

978

Prepaid expenses

1,191

995

1,005

468

1,303

1,191

1,540

952

1,892

1,786

2,189

796

1,787

1,510

2,407

856

1,228

8,139

3,115

4,518

1,941

2,892

3,614

-

2,031

2,330

4,146

3,872

2,479

3,086

5,762

-

-

-

2,375

Current derivative asset

3,819

2,625

2,149

1,371

4,600

43

161

736

822

440

1,233

931

-

-

-

2,696

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Held for sale

-

-

-

-

-

1,748

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,553

-

-

-

-

-

-

-

4,144

752

2,375

-

Inventory

150

-

-

-

-

-

-

-

-

-

-

540

540

540

540

540

540

540

1,087

2,147

2,166

2,166

2,166

2,147

2,147

2,147

2,147

2,516

2,757

-

260

-

-

-

-

Current deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,239

1,435

1,624

2,882

2,917

779

1,326

-

0

-

0

-

0

-

-

-

-

Other

36

14,820

391

112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,062

-

-

-

-

639

Total current assets

46,387

31,602

13,692

13,481

17,434

13,939

12,628

15,389

15,773

13,983

15,043

14,092

19,054

12,679

15,256

17,292

22,272

30,014

28,612

29,867

31,040

43,930

45,829

48,739

66,117

184,235

144,238

136,859

133,573

187,286

175,213

203,397

208,138

187,989

204,878

PROPERTY, PLANT AND EQUIPMENT:
Natural gas and oil properties, successful efforts method of accounting:
Proved properties

1,306,916

1,110,042

1,098,773

1,096,714

1,095,417

1,156,557

1,194,753

1,180,083

1,239,662

1,221,391

1,208,492

1,193,574

1,188,065

1,194,990

1,194,543

1,194,095

1,187,707

1,184,699

1,177,817

1,163,189

1,138,054

1,100,318

1,075,912

1,038,022

1,001,361

560,522

562,572

547,100

554,967

555,680

561,713

563,409

558,851

558,751

552,556

Unproved properties

27,619

42,427

44,003

35,538

34,612

34,295

27,249

36,150

35,243

38,720

40,818

45,735

38,338

32,283

11,548

12,452

16,439

23,732

32,829

42,068

35,783

40,387

41,182

32,005

49,443

39,297

24,259

36,732

22,661

16,021

12,485

7,352

7,045

7,022

7,625

Other property and equipment

1,655

1,331

1,331

1,331

1,314

1,272

1,272

1,272

1,272

1,272

1,268

1,279

1,265

1,081

1,081

1,081

1,081

1,133

1,126

1,099

1,084

1,031

981

-

900

-

-

-

-

-

-

-

-

-

-

Other property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

924

-

218

-

227

-

216

-

200

197

203

227

Other property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

229

-

227

-

213

-

-

-

-

Accumulated depreciation, depletion and amortization

1,045,070

912,098

912,347

905,437

898,169

929,416

883,321

876,972

930,220

918,768

908,243

895,946

887,286

874,827

860,074

842,854

826,022

764,789

501,286

462,975

426,298

374,099

334,016

294,677

260,681

228,607

218,122

208,066

197,874

187,246

178,081

165,389

153,838

140,472

129,702

Held for sale

-

-

-

-

-

8,248

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total property, plant and equipment, net

291,120

241,702

231,760

228,146

233,174

270,956

339,953

340,533

345,957

342,615

342,335

344,642

340,382

353,527

347,098

364,774

379,205

444,775

710,486

743,381

748,623

767,637

784,059

776,274

791,023

371,430

368,938

375,993

379,981

384,671

396,330

405,572

412,255

425,504

430,706

OTHER NON-CURRENT ASSETS:
Investments in affiliates

6,766

5,872

6,480

6,053

5,743

18,426

18,696

19,170

18,464

18,242

17,717

17,551

15,767

16,024

15,557

14,262

14,222

61,369

61,918

63,002

62,085

58,069

55,996

53,596

50,901

49,334

63,123

59,894

47,327

46,197

52,827

12,169

-

-

935

Long-term derivative asset

357

509

244

-

-

39

152

328

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset

-

-

-

-

424

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuances costs

3,311

-

-

-

357

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right of use leases

5,885

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset

-

-

-

-

-

424

424

424

424

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current assets

-

1,962

480

352

-

477

595

716

835

954

1,073

1,193

1,311

1,430

1,549

906

1,057

1,214

1,365

1,515

1,667

1,816

1,967

2,115

2,263

373

162

193

225

255

284

318

1,424

1,455

411

Total other non-current assets

16,319

8,343

7,204

6,405

6,524

19,366

19,867

20,638

19,723

19,196

18,790

18,744

17,078

17,454

17,106

15,168

15,279

62,583

63,283

64,517

63,752

59,885

57,963

-

53,164

-

-

-

-

-

-

12,487

1,424

1,455

-

Total other non-current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55,711

-

-

63,285

-

47,552

-

53,111

-

-

-

-

TOTAL ASSETS

353,826

281,647

252,656

248,032

257,132

304,261

372,448

376,560

381,453

375,794

376,168

377,478

376,514

383,660

379,460

397,234

416,756

537,372

802,381

837,765

843,415

871,452

887,851

880,724

910,304

605,372

576,461

572,939

561,106

618,409

624,654

621,456

621,817

614,948

636,930

CURRENT LIABILITIES:
Accounts payable and accrued liabilities

104,593

62,744

47,966

32,188

39,506

52,899

42,111

42,610

46,755

45,401

45,699

52,958

55,135

39,908

25,530

30,065

36,358

47,445

60,047

73,802

92,892

93,133

105,613

112,590

96,833

-

31,772

-

32,672

-

34,312

-

-

-

-

Current derivative liability

3,951

24

292

839

422

3,118

2,951

2,047

1,765

90

351

1,103

3,446

2,133

3,414

-

-

-

10

-

-

-

1,600

1,403

1,131

-

0

-

0

-

0

-

-

-

-

Current asset retirement obligations

2,003

679

826

1,373

1,329

747

1,209

1,592

2,017

4,008

5,789

4,826

4,308

4,430

4,127

4,444

4,603

6,417

4,925

4,127

4,123

4,176

2,708

1,165

1,315

-

0

-

0

-

0

-

-

-

-

Current portion of long-term debt

-

-

60,000

65,552

60,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Held for sale

-

-

-

-

-

1,440

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,199

-

8,357

-

4,488

-

3,668

2,442

4,262

11,857

Royalties and revenue payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,240

-

22,206

-

18,709

-

23,821

36,483

35,493

39,222

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,604

-

6,829

-

5,319

-

6,678

5,261

4,968

9,745

Joint interest advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,995

Accrued exploration and development

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

930

-

575

-

32,611

-

-

-

-

6,002

Taxes Payable, Current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

94

-

-

-

-

-

-

-

-

-

Accrued exploration and development

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

851

-

Income tax payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

270

72

8,497

6,942

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

619

463

461

Total current liabilities

110,547

63,447

109,084

99,952

101,257

58,204

46,271

46,249

50,537

49,499

51,839

58,887

62,889

46,471

33,071

34,509

40,961

53,862

64,982

77,929

97,015

97,309

109,921

115,158

99,279

35,067

31,772

37,967

32,672

61,127

34,312

34,437

44,893

54,534

78,224

NON-CURRENT LIABILITIES:
Long-term debt

72,768

28,100

-

-

-

81,771

80,827

78,660

85,380

79,226

71,316

59,722

54,354

62,463

110,978

112,182

115,446

114,569

111,402

104,463

63,359

54,415

65,977

63,829

90,000

-

0

-

0

-

0

-

-

-

-

Long-term derivative liability

2,020

-

-

-

-

759

915

778

300

-

-

-

-

267

518

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72,409

83,309

93,952

103,849

98,456

95,476

105,956

120,396

115,923

117,354

115,858

110,778

118,010

120,575

124,173

123,379

123,472

Asset retirement obligations

49,662

11,636

11,725

12,108

12,168

17,837

19,722

20,455

20,388

18,082

18,592

19,949

22,618

23,004

23,128

22,830

22,506

20,314

21,643

22,028

21,623

21,325

23,827

22,318

22,019

11,015

9,612

9,820

8,647

9,714

7,993

8,021

8,748

9,040

8,611

Lease liabilities

2,789

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long term liabilities

-

3,883

3,677

3,421

3,318

3,298

3,541

3,528

248

248

248

248

248

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Held for sale

-

-

-

-

-

2,155

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total non-current liabilities

127,239

43,619

15,402

15,529

15,486

105,820

105,005

103,421

106,316

97,556

90,156

79,919

77,220

85,734

134,624

135,012

137,952

134,883

205,454

209,800

178,934

179,589

188,260

181,623

217,975

-

125,535

-

124,505

-

126,003

-

-

-

-

Total liabilities

237,786

107,066

124,486

115,481

116,743

164,024

151,276

149,670

156,853

147,055

141,995

138,806

140,109

132,205

167,695

169,521

178,913

188,745

270,436

287,729

275,949

276,898

298,181

296,781

317,254

-

157,307

-

157,177

-

160,315

-

-

-

-

COMMITMENTS AND CONTINGENCIES (NOTE 14)

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

0

-

0

-

-

-

0

SHAREHOLDERS’ EQUITY:
Series C convertible preferred stock, $0.04 par value, 2,700,000 shares authorized, issued and outstanding at December 31, 2019

108

32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, $0.04 par value, 200 million shares authorized, 128,985,146 shares issued and 128,977,816 shares outstanding at December 31, 2019, 39,617,442 shares issued and 34,158,492 shares outstanding at December 31, 2018

5,148

3,423

1,587

1,585

1,573

1,229

1,235

1,231

1,223

1,224

1,226

1,211

1,211

1,200

985

975

974

974

974

973

963

963

962

962

962

805

805

805

805

805

805

805

805

805

805

Additional paid-in capital

471,778

393,723

-

-

339,981

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

-

-

341,563

340,935

-

306,293

305,523

303,943

302,527

300,986

299,502

297,895

296,439

294,325

242,365

241,025

239,524

238,276

235,846

234,409

233,278

232,099

230,876

229,730

228,644

79,024

79,024

79,024

79,025

79,024

79,024

79,024

79,278

79,278

79,278

Treasury shares at cost (7,330 shares at December 31, 2019 and 5,458,950 shares at December 31, 2018)

18

-

129,266

129,216

129,030

128,953

128,778

128,654

128,583

128,482

128,482

128,395

128,321

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury shares at cost (5,319,387 shares at December 31, 2016 and 5,255,790 shares at December 31, 2015)

-

-

-

-

-

-

-

-

-

-

-

-

-

127,990

127,990

127,988

127,760

127,596

127,533

127,532

127,525

119,184

119,180

119,180

119,180

117,162

117,162

117,162

117,163

112,207

112,207

108,788

108,788

105,320

91,788

Accumulated deficit

-360,976

-222,597

-85,714

-80,753

-72,135

-38,332

43,192

50,370

49,433

55,011

61,927

67,961

67,076

83,920

96,405

113,701

125,105

236,973

422,658

442,186

460,750

480,676

477,012

472,431

482,624

476,227

456,487

445,131

441,262

469,168

496,717

487,382

472,708

453,232

438,328

Total shareholders’ equity

116,040

174,581

128,170

132,551

140,389

140,237

221,172

226,890

224,600

228,739

234,173

238,672

236,405

251,455

211,765

227,713

237,843

348,627

531,945

550,036

567,466

594,554

589,670

583,943

593,050

438,894

419,154

407,798

403,929

436,790

464,339

458,423

444,003

427,995

426,623

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

353,826

281,647

252,656

248,032

257,132

304,261

372,448

376,560

381,453

375,794

376,168

377,478

376,514

383,660

379,460

397,234

416,756

537,372

802,381

837,765

843,415

871,452

887,851

880,724

910,304

605,372

576,461

572,939

561,106

618,409

624,654

621,456

621,817

614,948

636,930