Approach Resources (AREX) Financials

$283.9 M

Mkt cap, 23-May-2018
Net income (Q1, 2018)-7.4 M
EBIT (Q1, 2018)-1.2 M
Cash, 31-Mar-201822 K

Revenue/Financials

Income Statement

Annual

USDFY, 2016

R&D expense

3.9 m

General and administrative expense

24.7 m

Operating expense total

28.7 m

EBIT

(44.9 m)

Interest expense

27.3 m

Net Income

(52.2 m)

Quarterly

USDQ3, 2013Q1, 2018

R&D expense

1.2 m

General and administrative expense

6.2 m6.6 m

Operating expense total

34.3 m30 m

EBIT

9.9 m(1.2 m)

Interest expense

5.2 m5.9 m

Pre tax profit

765 k

Income tax expense

270 k(1.6 m)

Net Income

495 k(7.4 m)

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

58.8 m432 k600 k21 k

Inventories

592 k929 k1.2 m2.8 m

Current Assets

90.4 m61.1 m20.4 m12.5 m

Total Assets

1.1 b1.4 b1.2 b1.1 b

Accounts Payable

38.6 m33.3 m10.8 m9.5 m

Current Liabilities

84.4 m106.9 m28.5 m26.4 m

Total Liabilities

541.6 m

Additional Paid-in Capital

565.2 m572.9 m580.6 m586.1 m

Retained Earnings

144.9 m201 m26.9 m

Total Equity

710.5 m774.3 m608 m563 m

Financial Leverage

1.6 x1.8 x1.9 x2 x

Quarterly

USDQ3, 2013Q1, 2018

Cash

25.5 m22 k

Current Assets

42.8 m12.5 m

Total Assets

1.1 b1.1 b

Accounts Payable

40.7 m10 m

Current Liabilities

105.4 m26.7 m

Total Liabilities

417.4 m493.5 m

Additional Paid-in Capital

565.4 m742.6 m

Retained Earnings

80.5 m(143.4 m)

Total Equity

646.4 m600.2 m

Financial Leverage

1.6 x1.8 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

72.3 m56.2 m(174.1 m)(52.2 m)

Accounts Receivable

(10 m)3.3 m7.9 m2.3 m

Inventories

(45 k)(179 k)(325 k)534 k

Accounts Payable

12.5 m(5.8 m)964 k358 k

Cash From Operating Activities

125.6 m180.2 m102.7 m26.1 m

Cash From Financing Activities

135.8 m147.8 m114.8 m

Interest Paid

12.4 m20.2 m23.6 m26 m

Income Taxes Paid

404 k404 k404 k

Quarterly

USDQ3, 2013Q1, 2018

Net Income

7.9 m(7.4 m)

Accounts Receivable

(2.6 m)85 k

Accounts Payable

15.3 m(1.8 m)

Cash From Operating Activities

119 m5.4 m

Cash From Financing Activities

135.9 m3 k

Interest Paid

3 m4.2 m

Ratios

USDY, 2018

Financial Leverage

1.8 x
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