W&t offshore inc (WTI)
Income statement / TTM
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'11Mar'11Sep'10Jun'10
Revenues:
Total revenues

534,896

526,424

547,662

562,573

580,706

566,383

523,205

496,916

487,096

473,210

470,332

446,664

399,986

388,837

407,662

457,073

507,265

599,878

708,171

822,099

948,708

996,959

1,006,993

979,382

984,088

976,306

917,697

897,827

874,491

899,244

958,669

996,078

971,047

878,723

813,019

0

0

0

Lease operating expenses

184,281

174,389

164,634

159,875

153,262

146,776

144,480

140,417

143,738

140,605

142,991

148,094

152,399

167,876

175,395

183,903

192,765

219,137

245,830

262,465

264,751

265,018

260,632

267,115

270,839

256,845

242,910

234,938

232,260

229,655

235,143

223,464

219,206

194,272

187,830

0

0

0

Production taxes

2,524

1,827

1,671

1,793

1,832

1,762

1,670

1,680

1,740

1,815

1,957

1,878

1,889

1,854

2,261

2,891

3,002

4,830

5,735

6,577

7,932

7,387

7,400

7,338

7,135

7,043

6,589

6,144

5,840

6,265

5,962

5,472

4,275

2,459

1,692

0

0

0

Gathering and transportation

25,950

26,064

25,888

23,748

22,382

20,570

18,899

19,289

20,441

21,912

22,965

24,045

22,928

20,619

19,030

17,425

17,157

19,614

20,157

19,349

19,821

18,243

17,739

18,362

17,510

16,400

15,599

15,101

14,878

14,858

16,901

16,588

16,920

17,810

16,683

0

0

0

Asset retirement obligations accretion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Depreciation, depletion, amortization and accretion

129,038

127,296

125,424

127,108

131,423

136,474

135,994

136,601

138,510

138,155

153,166

170,295

194,038

219,956

265,785

311,634

373,368

436,394

467,736

492,630

490,469

497,913

473,385

445,045

430,611

397,194

370,513

356,558

336,177

308,992

315,985

313,414

299,015

310,968

296,408

0

0

0

Ceiling test write-down of oil and natural gas properties

-

-

-

-

-

-

-

-

-

-

-

-

279,063

311,451

695,227

843,407

987,238

954,850

513,162

260,390

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expenses

55,107

52,442

58,326

59,218

60,147

59,613

59,254

61,508

59,744

59,749

56,810

56,571

59,740

61,442

65,265

68,787

73,110

79,760

84,252

84,177

86,999

85,172

84,189

84,375

81,874

80,203

78,870

73,625

82,017

82,854

82,267

85,646

74,296

67,624

63,895

0

0

0

Derivative loss (gain)

-59,887

-40,940

-53,012

0

-

0

0

-

4,199

4,700

7,167

-1,464

-2,926

7,370

6,704

0

-

0

0

-

3,965

-9,073

-38,513

-12,594

-8,470

-5,720

-14,720

22,312

-13,954

-23,340

18,642

-13,898

1,896

6,045

-3,904

0

0

0

Total costs and expenses

476,247

381,948

381,438

385,261

333,679

388,864

387,133

376,423

377,146

375,107

446,205

582,422

730,554

801,540

1,230,662

1,431,882

1,652,968

1,715,310

1,334,047

1,134,764

886,640

903,724

902,776

855,747

837,357

783,460

749,256

684,109

705,181

695,735

667,387

688,253

641,587

593,352

582,803

0

0

0

Operating income

58,649

144,476

166,224

177,312

247,027

177,519

136,072

120,493

109,950

98,103

24,127

-135,758

-330,568

-412,703

-823,000

-974,809

-1,145,703

-1,115,432

-625,876

-312,665

62,068

93,235

104,217

123,635

146,731

192,846

168,441

213,718

169,310

203,509

291,282

307,825

329,460

285,371

230,216

0

0

0

Incurred

-

-

-

-

-

-

-

-

-

-

-

-

-

108,056

113,117

109,460

104,592

100,041

93,070

88,408

86,922

86,193

85,783

85,865

85,639

84,009

77,427

70,597

63,268

0

0

0

-

-

-

-

-

-

Capitalized

-

-

-

-

-

-

-

-

-

-

-

-

-

1,766

3,894

5,816

7,256

8,114

8,102

8,237

8,526

8,942

9,324

9,697

10,058

10,912

11,722

12,516

13,274

26,431

19,885

14,480

9,877

-7,999

-6,165

0

0

0

Interest expense, net

59,569

58,104

54,386

53,965

48,645

44,712

45,539

45,189

45,521

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,382

43,575

0

0

0

Gain on debt transactions

-

-

-

-

-

-

-

-

-

-

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

Other expense (income), net

-188

3,039

3,576

3,568

3,871

-341

-282

-4,964

-5,127

-5,478

-5,446

-254

-1,369

-3,225

-4,262

-5,971

-4,663

-2,450

0

0

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

Debt issuance costs write-off and other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) income before income tax (benefit) expense

-1,108

136,520

162,523

174,024

249,362

132,221

90,006

78,151

67,113

62,738

100,690

-80,294

-292,396

-398,258

-936,485

-1,084,424

-1,247,702

-1,209,995

-712,319

-392,626

-16,120

16,065

36,704

56,413

80,096

128,824

102,951

155,852

119,531

158,014

243,410

240,702

264,334

223,450

172,647

0

0

0

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Income tax (benefit) expense

-75,194

-66,851

-11,209

598

535

-1,127

4,215

-4,872

-12,569

-10,062

-19,335

-46,082

-43,376

-81,149

-95,880

-104,292

-202,984

-183,512

-164,088

-114,681

-4,459

6,241

13,370

20,520

28,774

48,946

38,738

60,468

47,547

56,635

87,632

83,316

91,517

69,510

43,765

0

0

0

Net income

74,086

203,371

173,732

173,426

248,827

133,348

85,791

83,023

79,682

72,800

120,025

-34,212

-249,020

-317,109

-840,605

-980,132

-1,044,718

-1,026,483

-548,231

-277,945

-11,661

9,824

23,334

35,893

51,322

79,878

64,213

95,384

71,984

101,379

155,778

157,386

172,817

153,940

128,882

0

0

0

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

0.08

0.53

0.25

-0.34

0.96

0.32

0.25

0.19

0.17

-0.01

0.23

0.17

0.99

0.48

-1.58

-2.49

-0.68

-6.29

-3.43

-3.36

-0.45

0.01

0.13

0.15

-0.15

0.19

0.29

0.35

0.23

-0.02

0.70

0.04

0.61

0.70

0.73

0.25

0.36

0.37

Dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.10

0.10

0.10

-

0.09

0.09

0.08

-

0.08

0.08

0.08

-

0.04

0.04

0.04

0.04

0.03

Oil and Condensate [Member]
Total revenues

399,790

404,076

420,772

428,195

438,798

424,768

383,341

352,345

340,010

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Natural Gas Liquids [Member]
Total revenues

22,373

24,107

29,821

33,915

37,127

38,337

34,855

33,175

32,257

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Natural Gas, Production [Member]
Total revenues

106,347

93,235

92,190

95,600

99,629

97,279

98,751

105,032

108,923

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product and Service, Other [Member]
Total revenues

6,386

5,006

4,879

4,863

5,152

5,999

6,258

6,364

5,906

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-