W&t offshore inc (WTI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues:
Total revenues

534,896

580,706

487,096

399,986

507,265

948,708

984,088

874,491

971,047

705,783

610,996

Lease operating expenses

184,281

153,262

143,738

152,399

192,765

264,751

270,839

232,260

219,206

169,670

203,922

Production taxes

2,524

1,832

1,740

1,889

3,002

7,932

7,135

5,840

4,275

1,194

1,544

Gathering and transportation

25,950

22,382

20,441

22,928

17,157

19,821

17,510

14,878

16,920

16,484

13,619

Asset retirement obligations accretion

19,460

18,431

17,172

17,571

20,703

20,633

20,918

20,055

29,771

25,685

34,461

Depreciation, depletion, amortization and accretion

129,038

131,423

138,510

194,038

373,368

490,469

430,611

336,177

299,015

268,415

308,076

Ceiling test write-down of oil and natural gas properties

-

-

-

279,063

987,238

0

0

-

-

-

218,871

General and administrative expenses

55,107

60,147

59,744

59,740

73,110

86,999

81,874

82,017

74,296

53,290

42,990

Derivative loss (gain)

-59,887

53,798

4,199

-2,926

14,375

3,965

-8,470

-13,954

1,896

-4,256

-7,372

Total costs and expenses

476,247

333,679

377,146

730,554

1,652,968

886,640

837,357

705,181

641,587

538,994

830,855

Operating income

58,649

247,027

109,950

-330,568

-1,145,703

62,068

146,731

169,310

329,460

166,789

-219,859

Incurred

-

-

-

-

104,592

86,922

85,639

63,268

52,393

-

-

Capitalized

-

-

-

-

7,256

8,526

10,058

13,274

9,877

5,395

-6,662

Interest expense, net

59,569

48,645

45,521

-84,382

-

-

-

-

-

43,101

46,749

Gain on debt transactions

-

47,109

7,811

123,923

-

-

-

-

-22,694

0

-2,926

Other expense (income), net

-188

3,871

-5,127

-1,369

-4,663

208

8,946

215

84

710

-

(Loss) income before income tax (benefit) expense

-1,108

249,362

67,113

-292,396

-1,247,702

-16,120

80,096

119,531

264,334

129,793

-262,030

Interest income

-

-

-

-

-

-

-

-

-

-

842

Income tax (benefit) expense

-75,194

535

-12,569

-43,376

-202,984

-4,459

28,774

47,547

91,517

11,901

-74,111

Net income

74,086

248,827

79,682

-249,020

-1,044,718

-11,661

51,322

71,984

172,817

117,892

-187,919

Basic and diluted earnings per common share (in dollars per share)

0.52

1.72

0.56

-2.60

-13.76

-0.16

0.68

0.95

2.29

1.58

-2.51

Weighted average common shares outstanding

-

-

-

-

-

-

-

-

74,033

73,685

-

Oil and Condensate [Member]
Total revenues

399,790

438,798

340,010

268,950

-

-

-

-

-

-

-

Natural Gas Liquids [Member]
Total revenues

22,373

37,127

32,257

26,429

-

-

-

-

-

-

-

Natural Gas, Production [Member]
Total revenues

106,347

99,629

108,923

100,405

-

-

-

-

-

-

-

Product and Service, Other [Member]
Total revenues

6,386

5,152

5,906

4,202

-

-

-

-

-

-

-