W&T OFFSHORE INC WTI Balance Sheet

W&t offshore inc (WTI)

Balance Sheet / Quarterly

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	Dec'10
Current assets:
Cash and cash equivalents
32	41	65	86	33	339	129	130	99	106	72	126	70	73	171	370	85	7	5	8	23	17	23	20	15	15	9	12	12	6	8	8	4	7	8	28
Receivables:
Oil and natural gas sales
57	51	41	41	47	49	52	44	45	39	39	44	43	35	34	27	35	43	51	46	67	97	94	93	96	85	80	97	97	68	72	89	98	82	91	79
Joint interest, net
19	30	38	17	14	16	19	17	19	21	19	16	21	17	20	17	22	42	32	29	43	32	26	27	31	31	22	35	56	21	21	27	25	18	11	25
Insurance reimbursement
-	-	-	-	-	-	-	-	-	-	-	-	30	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	6	1
Income taxes
1	36	54	54	54	65	65	65	13	11	12	11	11	-	5	-	-	-	-	-	-	0	0	3	-	-	39	45	47	14	12	-	-	-	-	-
Total receivables
78	119	134	113	116	131	136	127	78	72	71	73	107	53	60	44	57	86	84	75	110	130	121	124	127	116	143	178	202	103	105	116	124	102	109	106
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	6	3	-	-	-	-	0	-	-	1	-	-	-	11	2	-	-	5
Restricted cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	-	-	-	24	30	-	-	-	-	-
Deposit for acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	-	-	-	-	-	-
Prepaid expenses and other assets (Note 1)
30	40	53	34	76	19	20	20	13	15	21	17	14	16	18	23	26	25	27	18	36	32	38	27	29	32	37	22	25	32	54	22	30	45	44	23
Total current assets
141	200	253	233	226	489	286	278	190	193	165	216	191	142	250	438	169	123	124	105	170	180	183	172	173	181	189	214	240	189	199	158	161	155	162	164
Oil and natural gas properties and equipment (full cost method, of which $0 at December 31, 2016 and $18,595 at December 31, 2015 were excluded from amortization)
-	-	-	-	-	-	-	-	-	-	-	-	-	7,937	7,901	7,895	7,902	8,257	8,207	8,133	8,045	7,865	7,628	7,443	7,339	7,120	7,009	6,836	6,694	6,229	6,090	6,018	5,959	5,858	5,707	5,225
Furniture, fixtures and other
-	-	-	-	-	-	-	-	-	-	-	-	-	20	20	20	20	21	23	23	23	22	21	21	21	21	20	21	21	20	20	20	19	16	16	15
Total property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	7,958	7,922	7,916	7,923	8,278	8,231	8,156	8,068	7,887	7,649	7,465	7,360	7,141	7,030	6,858	6,716	6,250	6,110	6,038	5,978	5,874	5,723	5,241
Less accumulated depreciation, depletion and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	7,371	7,266	7,108	6,933	6,838	6,306	5,955	5,575	5,449	5,326	5,202	5,084	4,950	4,851	4,759	4,655	4,556	4,484	4,403	4,320	4,240	4,163	4,021
Oil and natural gas properties and other, net – at cost: (Note 1)
748	720	524	514	515	522	576	573	579	555	550	538	547	586	655	807	990	1,440	1,925	2,201	2,493	2,438	2,323	2,262	2,275	2,190	2,178	2,099	2,060	1,693	1,625	1,634	1,658	1,634	1,560	1,220
Restricted deposits for asset retirement obligations
15	16	16	15	15	20	26	25	25	25	28	28	27	26	26	16	15	15	15	15	15	15	23	39	37	34	33	29	28	28	28	35	33	34	33	30
Deferred income taxes
63	55	-	-	-	-	-	-	-	-	-	-	-	12	8	32	27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2
Income tax receivables
-	-	-	-	-	-	-	-	52	52	68	59	52	52	52	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets (Note 1)
33	32	73	79	91	69	69	64	60	60	60	11	11	11	4	4	5	20	20	16	9	17	18	20	20	16	18	18	19	14	19	13	16	15	15	6
Total assets
1,003	1,027	867	842	848	1,102	958	942	907	887	874	854	829	832	998	1,298	1,208	1,599	2,084	2,339	2,689	2,652	2,549	2,494	2,507	2,423	2,420	2,362	2,348	1,926	1,872	1,842	1,868	1,841	1,772	1,424
Current liabilities:
Accounts payable
102	105	97	71	82	95	46	77	79	72	58	81	81	83	92	92	109	107	135	128	194	159	140	115	145	129	123	112	123	104	86	64	75	80	65	80
Undistributed oil and natural gas proceeds
29	25	27	22	28	34	22	22	20	20	21	22	26	21	20	20	21	28	29	29	37	37	39	38	42	41	42	41	37	34	35	35	33	34	36	25
Advances from joint interest partners
5	36	39	65	20	31	-	-	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset retirement obligations
21	23	26	24	24	30	27	25	23	29	52	66	78	90	91	83	84	84	41	16	36	115	69	68	77	95	74	69	92	83	99	105	138	128	105	92
Principal
-	-	-	-	-	189	189	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Carrying value adjustments
-	-	-	-	-	34	34	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt
-	-	-	-	-	224	224	22	22	11	11	8	8	8	-	138	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43	-
Accrued liabilities (Note 1)
30	37	19	35	29	31	20	23	17	26	13	20	9	19	12	39	11	39	13	28	17	39	31	43	28	51	13	39	21	32	15	55	29	30	23	25
Deferred income tax current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	-	-	2	13	-	-	5	2	-
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10	1	2	17
Total current liabilities
189	228	209	218	186	446	342	171	168	159	156	198	203	223	216	374	227	260	219	202	284	352	280	266	293	317	259	262	274	258	250	260	287	281	279	241
Long-term debt: (Note 2)
Principal
730	-	-	-	646	713	713	889	889	873	873	873	873	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Carrying value adjustments
10	-	-	-	12	45	47	77	79	108	110	137	138	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt – carrying value
719	718	634	634	633	759	760	967	969	982	984	1,010	1,012	1,014	1,345	1,345	1,196	1,473	1,468	1,426	1,352	1,260	1,224	1,193	1,205	1,052	1,099	1,060	1,087	719	680	684	717	694	675	450
Asset retirement obligations, less current portion
333	321	296	289	285	283	289	280	276	275	265	260	256	256	252	275	293	315	348	364	354	288	287	285	276	267	309	308	291	250	249	263	255	265	287	298
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	34	74	175	187	189	188	178	177	162	158	145	98	91	70	58	45	24	-
Other liabilities (Note 1)
9	16	61	73	68	73	73	66	66	67	66	17	17	16	16	16	16	14	14	13	13	13	13	13	13	15	5	8	8	9	5	19	4	8	12	11
Commitments and contingencies (Note 18)
-	-	-	-	-	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:
Preferred stock, $0.00001 par value; 20,000 shares authorized; 0 issued at December 31, 2019 and December 31, 2018
-	-	-	-	-	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, $0.00001 par value; 200,000 shares authorized; 144,538 issued and 141,669 outstanding at December 31, 2019 and 143,513 issued and 140,644 outstanding at December 31, 2018
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
Additional paid-in capital
547	548	546	545	545	549	548	547	545	545	543	541	539	537	428	426	423	422	420	417	414	414	410	406	403	404	401	398	396	396	393	389	386	383	381	377
Retained deficit
-772	-781	-857	-894	-846	-985	-1,031	-1,067	-1,095	-1,118	-1,117	-1,150	-1,174	-1,191	-1,237	-1,116	-925	-874	-396	-136	118	159	166	164	161	212	205	189	169	218	226	178	181	186	136	68
Treasury stock, at cost; 2,869 shares at December 31, 2019 and December 31, 2018
24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24
Total shareholders’ deficit
-249	-257	-334	-372	-324	-459	-507	-544	-573	-597	-597	-632	-659	-677	-832	-714	-526	-475	-0	256	509	550	553	547	540	593	582	563	541	590	595	544	544	545	493	421
Total liabilities and shareholders’ deficit
1,003	1,027	867	842	848	1,102	958	942	907	887	874	854	829	832	998	1,298	1,208	1,599	2,084	2,339	2,689	2,652	2,549	2,494	2,507	2,423	2,420	2,362	2,348	1,926	1,872	1,842	1,868	1,841	1,772	1,424