Par pacific holdings, inc. (PARR)
Balance Sheet / Quarterly
Mar'20Dec'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'11Dec'10
Assets [Abstract]
Current assets
Cash and cash equivalents

62,080

126,015

110,688

106,190

60,297

75,076

87,734

82,703

64,957

118,333

78,300

54,164

46,212

47,772

56,254

164,137

121,758

167,788

101,841

78,203

124,305

89,210

97,436

17,851

20,678

38,061

69,044

43,018

14,681

6,185

6,535

4,356

8,542

12,862

2,101

3,894

14,190

Restricted cash

2,413

2,413

2,447

2,447

743

743

743

743

743

744

744

1,245

1,245

1,246

11,246

747

747

748

748

748

749

749

750

750

751

802

1,750

318

15,360

23,970

-

-

-

-

-

-

-

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

64,493

128,428

113,135

108,637

61,040

75,819

88,477

83,446

65,700

119,077

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term restricted deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100,000

100,000

100,000

Accounts Receivable, after Allowance for Credit Loss, Current

191,800

228,700

232,413

254,684

264,402

160,338

133,026

133,549

128,123

121,831

89,665

80,536

96,214

102,384

81,989

62,788

57,876

68,342

79,427

68,879

64,780

111,953

138,574

97,579

96,981

117,493

93,625

10,204

20,524

17,730

581

1,028

1,768

5,606

7,598

7,510

7,373

Acquisition deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,000

-

-

-

-

-

-

-

-

-

Prepaid reorganization costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,296

1,301

1,301

-

-

0

Inventory, Net

319,540

615,872

671,743

573,879

499,519

322,065

358,581

333,693

296,267

345,357

319,864

307,202

293,069

198,326

196,951

238,498

146,489

219,437

231,969

273,630

185,074

243,853

393,182

409,370

416,796

380,623

395,798

10,275

13,341

10,466

-

-

173

180

153

642

3,446

Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49,453

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid Expense and Other Assets, Current

36,694

59,156

10,495

13,833

83,670

28,370

10,239

86,941

98,137

17,279

8,939

13,569

24,646

53,380

43,160

59,695

27,589

75,437

17,568

15,423

15,609

15,024

7,140

8,307

8,228

7,522

7,415

1,474

1,306

1,575

190

3,416

3,377

3,399

1,790

2,617

1,720

Total current assets

612,515

1,032,174

1,027,786

951,033

908,631

586,592

590,323

637,629

588,227

603,544

497,512

456,716

461,386

403,108

389,600

525,865

354,459

531,752

431,553

436,883

390,517

460,789

637,082

583,310

543,434

544,501

567,632

105,289

65,212

59,926

7,306

10,096

15,161

23,348

185,268

184,203

239,768

Property, plant, and equipment
Land

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,800

-

-

-

-

4,000

4,000

4,000

-

-

6,106

Pipeline and gathering systems

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63,842

92,461

-

Property, Plant and Equipment, Other, Gross

-

-

-

-

-

-

588,255

574,262

566,257

529,238

520,464

509,796

504,453

499,867

497,212

233,951

224,826

220,863

216,193

207,054

127,794

123,323

116,755

115,396

110,160

107,623

66,144

-

-

1,415

4,239

71,582

71,581

71,567

11,713

13,815

101,008

Furniture and fixtures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,853

-

-

-

-

-

-

-

-

-

-

Software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,646

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,400

1,439

1,400

-

-

-

-

-

1,344

2,836

4,821

Unproved

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,273

72,081

72,078

72,081

72,190

229,623

229,943

Proved Oil and Gas Property, Successful Effort Method

-

-

-

-

-

-

400

400

400

400

1,122

1,122

1,122

1,122

1,122

1,122

1,122

1,122

1,122

1,122

1,122

1,122

5,261

5,257

5,000

4,949

4,909

4,873

4,791

4,804

3,592

688,759

688,648

688,521

684,539

695,189

671,041

Derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,463

-

-

Property, plant, and equipment

1,163,822

1,146,983

1,127,639

1,106,419

1,083,300

649,768

588,655

574,662

566,657

529,638

521,586

510,918

505,575

500,989

498,334

235,073

225,948

221,985

217,315

208,176

128,916

124,445

122,016

120,653

115,160

112,572

116,752

6,312

6,191

6,219

9,104

836,422

836,307

836,169

832,284

1,031,088

1,008,098

Less accumulated depreciation, depletion, and amortization

204,724

185,040

165,416

146,251

126,959

111,507

105,888

97,080

87,691

79,622

72,965

65,250

57,557

49,727

41,741

34,474

30,595

26,845

21,031

17,905

14,109

11,510

11,113

8,373

6,017

3,968

1,728

1,110

621

373

113

485,736

480,881

475,609

469,762

247,438

232,493

Property, plant, and equipment, net

959,098

961,943

962,223

960,168

956,341

538,261

482,767

477,582

478,966

450,016

448,621

445,668

448,018

451,262

456,593

200,599

195,353

195,140

196,284

190,271

114,807

112,935

110,903

112,280

109,143

108,604

115,024

5,202

5,570

5,846

8,991

350,686

355,426

360,560

362,522

783,650

775,605

Long-term assets
Operating Lease, Right-of-Use Asset

396,013

420,073

373,269

389,047

405,942

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in Laramie Energy, LLC

1,874

46,905

51,815

137,448

136,957

136,656

131,466

130,416

132,768

127,192

120,474

119,921

117,569

108,823

116,044

112,385

129,332

76,203

126,055

127,410

116,595

104,657

103,182

102,335

101,575

101,796

102,923

103,815

102,292

104,434

95,006

3,657

3,650

3,649

3,599

3,590

3,376

Intangible assets, net

20,886

21,549

22,214

22,617

23,282

23,947

24,611

28,270

25,940

26,604

27,431

28,258

29,084

29,912

30,739

31,903

33,135

34,368

35,589

39,529

6,893

7,506

8,421

9,369

10,270

11,170

12,085

7,805

8,307

8,809

-

-

-

-

-

-

-

Goodwill

127,997

195,919

193,812

194,705

199,925

153,397

153,397

150,849

152,884

107,187

107,187

107,187

105,732

105,732

104,004

40,738

40,738

41,327

41,977

50,101

20,786

20,786

22,021

19,715

20,603

20,603

13,309

8,290

7,756

7,756

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

2,800

-

-

-

-

70,819

66,704

108,218

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,299

1,432

1,832

Other long-term assets

22,538

21,997

21,766

17,392

17,026

21,881

23,919

26,568

29,340

32,864

33,957

36,965

41,913

46,596

47,530

25,731

12,767

13,471

17,841

20,050

37,991

28,563

36,207

34,282

25,210

26,539

17,141

7

5

11

54

313

290

340

1,583

2,970

3,531

Total long-term assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

145,458

119,917

118,360

-

95,060

3,970

3,940

3,989

6,481

7,992

8,739

Total assets

2,140,921

2,700,560

2,652,885

2,672,410

2,648,104

1,460,734

1,406,483

1,451,314

1,408,125

1,347,407

1,235,182

1,194,715

1,203,702

1,145,433

1,144,510

937,221

765,784

892,261

849,299

864,244

687,589

735,236

917,816

861,291

810,235

813,213

828,114

230,408

189,142

189,582

111,357

364,752

374,527

387,897

554,271

975,845

1,024,112

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities, Current [Abstract]
Debtor in possession financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51,742

45,723

45,047

-

-

0

Long-term Debt, Current Maturities

12,318

12,297

12,292

12,295

12,441

33

-

-

-

0

27,140

27,024

20,286

20,286

23,486

11,000

11,000

11,000

43,373

43,373

40,485

29,100

37,950

2,600

2,600

3,250

0

0

36,764

35,000

-

-

-

-

-

-

-

Obligations under inventory financing agreements

399,718

656,162

731,400

636,489

629,086

373,882

351,188

416,280

383,806

363,756

310,176

291,740

299,738

225,135

237,944

265,618

144,028

237,709

215,088

267,707

181,899

197,394

388,379

438,197

394,490

385,519

333,599

-

-

0

-

-

-

-

-

-

-

Credit facility - Delta

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,000

15,000

-

Installments payable on property acquisition current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

99,785

99,144

97,874

Accounts payable

96,561

162,402

142,399

146,264

89,235

54,787

68,592

52,729

61,096

52,543

51,442

47,673

47,888

65,190

52,860

30,176

28,805

27,428

22,252

22,830

21,891

33,064

42,269

39,479

35,683

28,870

65,795

21,508

15,533

25,329

531

3,405

3,465

2,582

18,152

21,030

27,616

Deferred revenue

7,900

7,905

7,300

8,079

5,827

6,700

8,493

11,085

10,021

9,522

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances from customers

-

-

-

-

-

-

-

-

-

-

26,928

-

-

23,774

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued taxes

27,343

30,813

26,889

32,211

25,453

17,256

14,409

18,182

19,286

17,687

14,504

21,457

-

13,194

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Lease, Liability, Current

67,508

79,999

54,476

59,707

64,868

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

1,042

15,726

19,880

18,826

15,506

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities related to assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78,829

76,112

82,852

Other accrued liabilities

116,543

84,744

76,819

79,148

121,162

54,562

45,905

33,651

34,971

27,444

28,083

40,062

54,597

35,186

70,887

53,389

63,236

69,023

58,502

40,883

36,539

51,248

40,281

36,164

37,084

31,956

25,499

4,434

2,872

981

-

1,492

706

149

12,662

8,281

11,066

Accrued settlement claims

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,772

3,772

3,772

3,793

6,475

7,234

5,920

8,667

-

-

-

-

-

-

-

Accrued reorganization and trustee expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,131

2,491

851

-

-

0

Derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,123

574

7% Senior unsecured notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

115,000

115,000

115,000

-

-

0

3 3/4% Senior convertible notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

150,000

150,000

150,000

112,167

110,953

0

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,627

10,505

13,597

-

-

0

Other accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,990

5,346

6,939

-

-

0

Total current liabilities

727,875

1,034,322

1,051,596

974,193

948,072

507,201

488,587

531,927

509,180

470,952

458,273

427,956

422,509

382,765

385,194

361,225

262,795

365,040

358,041

390,299

280,814

310,806

512,651

520,212

473,629

453,388

431,368

33,176

61,089

69,977

531

338,387

333,236

334,165

342,595

332,643

219,982

Liabilities, Noncurrent [Abstract]
Long-term debt, net of current maturities

597,571

599,634

630,129

631,801

664,388

392,607

389,598

388,039

386,500

384,812

303,061

313,532

338,120

350,110

357,300

230,850

152,006

154,212

126,252

128,034

72,014

101,739

120,763

119,514

88,901

94,030

67,448

91,549

16,329

7,391

7,146

-

-

-

-

-

-

Warrants and Rights Outstanding

0

8,206

8,072

7,246

6,289

5,007

7,204

6,137

6,063

6,808

7,345

6,370

5,823

5,134

4,619

5,276

6,452

8,096

7,164

13,832

17,145

12,123

13,218

15,619

15,759

17,336

17,590

-

13,185

10,945

6,100

-

-

-

319

3,482

2,419

Finance Lease, Liability, Noncurrent

7,251

6,227

5,976

6,501

6,366

6,123

5,682

6,393

6,387

1,220

1,171

1,391

1,509

1,780

1,498

1,914

2,134

1,175

1,234

1,272

1,234

1,295

1,471

1,471

1,471

1,526

17,132

-

-

0

-

-

-

-

-

-

-

7% Senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

149,741

149,722

149,684

33/ 4% Senior convertible notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

108,593

Credit facility--Delta

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

29,130

Contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4,594

7,701

8,984

8,049

14,060

9,131

6,222

7,218

9,515

11,980

-

-

-

0

-

-

-

-

-

-

-

Operating Lease, Liability, Noncurrent

331,926

340,909

320,553

332,465

344,620

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

137

181

-

-

-

-

0

-

-

-

-

-

-

-

Other liabilities

45,910

63,020

57,049

60,641

67,167

37,467

38,006

37,198

36,196

35,896

37,848

37,958

36,637

36,735

43,806

12,321

13,866

15,426

17,107

15,690

8,257

7,983

8,472

6,779

6,742

6,689

19,408

-

-

512

-

-

-

-

-

-

-

Derivative liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,200

-

-

-

-

-

-

-

-

-

Asset retirement obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

540

524

-

487

3,620

3,512

3,507

3,354

3,299

2,709

Total liabilities

1,710,533

2,052,318

2,073,375

2,012,847

2,036,902

948,405

929,077

969,694

944,326

899,688

807,698

787,207

804,598

776,524

792,417

611,586

441,847

551,650

518,782

557,176

393,524

443,077

662,822

670,950

596,198

584,949

552,946

141,465

91,127

88,825

14,264

342,007

336,748

337,672

-

-

-

Total long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

153,414

156,503

292,535

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

0

0

0

0

0

Stockholders’ equity
Preferred stock, $0.01 par value: 3,000,000 shares authorized, none issued

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

0

0

0

0

0

0

0

Common stock, $0.01 par value; 500,000,000 shares authorized at March 31, 2020 and December 31, 2019, 53,837,321 shares and 53,254,151 shares issued at March 31, 2020 and December 31, 2019, respectively

538

533

512

510

496

470

460

460

459

458

458

458

458

455

455

411

411

410

375

371

371

371

365

302

302

301

2,991

1,527

1,518

150

1,477

288

288

288

289

291

285

Additional paid-in capital

719,547

715,069

679,706

675,870

655,692

617,937

597,439

595,831

594,189

593,295

592,013

590,861

589,462

587,057

586,124

531,951

517,165

515,165

438,716

430,011

428,732

427,287

421,343

317,583

316,602

315,975

309,666

110,284

110,152

109,446

97,618

1,643,285

1,642,407

1,641,390

1,640,591

1,640,295

1,635,783

Accumulated deficit

-290,279

-67,942

-103,381

-19,490

-47,659

-108,751

-122,637

-116,815

-132,993

-148,178

-167,183

-186,007

-193,012

-220,799

-234,486

-206,727

-193,639

-174,964

-108,128

-446

-446

-135,053

-166,713

-127,257

-102,580

-88,012

37,489

-22,868

-13,655

-8,839

-2,002

-1,620,828

-1,604,916

-1,591,453

-1,579,578

-1,150,145

-1,121,342

Accumulated other comprehensive income

582

582

2,673

2,673

2,673

2,673

2,144

2,144

2,144

2,144

2,196

2,196

2,196

2,196

-

-

-

0

-446

-122,868

-134,592

-446

-1

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Treasury stock, at cost (12,657 shares and no shares at June 30, 2014 and December 31, 2013, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

287

287

-

-

-

-

-

-

-

-

-

0

0

279

Stockholders' Equity Attributable to Parent

430,388

648,242

579,510

659,563

611,202

512,329

477,406

481,620

463,799

447,719

427,484

407,508

399,104

368,909

352,093

325,635

323,937

340,611

330,517

307,068

294,065

292,159

254,994

190,341

214,037

228,264

275,168

88,943

98,015

100,757

97,093

22,745

37,779

50,225

61,302

490,441

514,447

Non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,040

-3,742

-2,852

Total equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58,262

486,699

511,595

Total liabilities and stockholders’ equity

2,140,921

2,700,560

2,652,885

2,672,410

2,648,104

1,460,734

1,406,483

1,451,314

1,408,125

1,347,407

1,235,182

1,194,715

1,203,702

1,145,433

1,144,510

937,221

765,784

892,261

849,299

864,244

687,589

735,236

917,816

861,291

810,235

813,213

828,114

230,408

189,142

189,582

111,357

364,752

374,527

387,897

554,271

975,845

1,024,112