Approach Resources (AREX) stock price, revenue, and financials

Approach Resources market cap is $7.4 m, and annual revenue was $114.04 m in FY 2018

$7.4 M

AREX Mkt cap, 11-Nov-2019

$15.4 M

Approach Resources Revenue Q3, 2019
Approach Resources Net income (Q3, 2019)-19.2 M
Approach Resources EBIT (Q3, 2019)-16.8 M
Approach Resources Cash, 30-Sept-20197 M
Approach Resources EV326.4 M

Approach Resources Income Statement

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

29.1m28.0m30.6m29.9m33.0m36.3m42.3m44.2m61.9m73.4m68.1m33.3m38.6m33.9m17.6m22.4m23.7m26.4m25.0m25.6m28.8m30.3m32.6m19.2m14.7m15.4m

R&D expense

738.0k2.0m891.0k1.1m1.2m2.0m569.0k1.6m1.0m1.0m2.1m100.0k3.0k6.0k9.0k1.4m7.0k

General and administrative expense

4.6m3.8m5.8m5.1m5.6m6.4m5.2m6.2m8.5m7.4m7.7m8.1m7.5m7.3m6.1m5.8m5.8m5.9m6.5m6.4m6.6m6.1m5.6m3.8m4.3m4.7m

Operating expense total

4.6m3.8m5.8m5.1m5.6m6.4m5.2m6.2m9.3m9.4m8.6m9.2m8.7m9.2m6.6m7.5m6.9m7.0m8.7m6.5m6.6m6.1m5.6m10.1m5.9m13.3m

Depreciation and amortization

19.4m

EBIT

11.0m8.9m6.7m3.8m1.7m4.6m10.9m9.9m17.0m22.6m22.6m(12.4m)(8.4m)(238.5m)(17.3m)(12.1m)(8.5m)(5.1m)(9.7m)(3.9m)(1.2m)(213.0k)4.5m(11.5m)(10.0m)(16.8m)

EBIT margin, %

38%32%22%13%5%13%26%22%27%31%33%(37%)(22%)(703%)(98%)(54%)(36%)(19%)(39%)(15%)(4%)(1%)14%(60%)(68%)(109%)

Interest expense

643.0k806.0k5.1m5.4m5.4m5.9m6.2m6.5m6.3m6.8m7.1m5.5m4.9m5.3m5.9m6.2m6.5m6.8m7.4m7.6m

Investment income

(186.0k)

Pre tax profit

12.4m11.0m2.7m12.3m(3.6m)(534.0k)12.0m765.0k4.6m5.9m35.2m(11.7m)(19.2m)(230.5m)(20.9m)(24.7m)(14.0m)(2.1m)(13.4m)(12.8m)(9.1m)(11.3m)(5.2m)(21.1m)(17.0m)(24.1m)

Income tax expense

4.4m3.9m982.0k4.4m(1.3m)(187.0k)4.2m270.0k1.7m2.2m12.8m(4.0m)(7.4m)(81.8m)(7.2m)(8.7m)(4.9m)138.7m(4.5m)(4.3m)(1.6m)(2.2m)(921.0k)(4.3m)(3.4m)(4.9m)

Net Income

8.0m7.1m1.7m7.9m(2.4m)(347.0k)7.8m495.0k2.9m3.8m22.4m(7.7m)(11.8m)(148.8m)(13.7m)(16.0m)(9.1m)(140.8m)(8.9m)(8.5m)(7.4m)(9.1m)(4.3m)(16.8m)(13.6m)(19.2m)

Approach Resources Balance Sheet

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

301.0k767.0k58.8m432.0k600.0k21.0k21.0k22.0k

Accounts Receivable

10.1m12.6m22.9m19.6m11.7m9.7m6.7m

Prepaid Expenses

592.0k929.0k1.2m5.5m3.5m

Inventories

2.8m

Current Assets

11.4m15.7m90.4m61.1m20.4m12.5m16.7m16.2m

PP&E

5.6m5.7m5.7m

Total Assets

607.9m855.7m1.1b1.4b1.2b1.1b1.1b1.1b

Accounts Payable

33.3m10.8m9.5m9.5m9.8m

Short-term debt

Current Liabilities

43.6m60.2m84.4m106.9m28.5m26.4m25.1m21.1m

Long-term debt

43.8m106.0m250.0m150.0m270.7m289.3m300.5m

Total Debt

43.8m106.0m150.0m289.3m300.5m

Total Liabilities

140.4m222.3m435.0m627.1m567.0m541.6m492.2m495.4m

Common Stock

331.0k388.0k390.0k399.0k408.0k945.0k950.0k

Additional Paid-in Capital

400.9m560.5m565.2m572.9m580.6m586.1m742.4m744.1m

Retained Earnings

66.2m72.6m144.9m201.0m26.9m(135.9m)(155.8m)

Total Equity

467.4m633.5m710.5m774.3m608.0m563.0m607.4m589.2m

Financial Leverage

1.3 x1.4 x1.6 x1.8 x1.9 x2 x1.8 x1.8 x

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

831.0k736.0k475.0k402.0k841.0k594.0k55.3m25.5m4.3m444.0k1.6m294.0k752.0k319.0k840.0k893.0k2.7m79.0k178.0k21.0k22.0k22.0k22.0k15.7m7.2m7.0m

Accounts Receivable

9.0m10.0m10.7m9.7m12.0m10.0m13.7m15.2m21.1m24.6m20.9m17.4m17.3m14.8m7.4m7.9m8.1m8.7m8.3m8.6m9.5m10.8m10.7m7.2m4.3m5.3m

Prepaid Expenses

357.0k1.2m1.0m690.0k1.5m1.2m1.1m1.6m1.5m1.1m1.0m4.3m3.1m1.6m2.5m3.6m2.9m4.6m2.1m

Current Assets

13.8m15.4m13.2m13.8m14.7m12.6m71.5m42.8m39.8m30.7m25.7m50.0m36.1m32.6m16.2m12.2m13.1m10.7m13.9m12.0m12.5m13.8m14.5m28.7m18.7m15.4m

PP&E

22.0m5.6m5.6m5.6m5.7m5.7m5.7m5.7m5.7m5.7m3.9m3.9m3.9m

Total Assets

530.6m576.5m675.2m734.3m793.4m911.1m1.0b1.1b1.2b1.2b1.3b1.4b1.4b1.2b1.2b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b

Accounts Payable

33.1m23.8m16.5m13.6m13.8m10.2m9.1m7.0m12.9m10.4m10.0m8.2m13.0m4.9m3.1m10.2m

Short-term debt

321.2m321.4m321.6m

Current Liabilities

36.3m42.4m62.2m51.4m64.0m66.3m55.0m105.4m103.3m99.7m101.9m88.9m67.5m45.2m27.9m28.3m26.5m26.2m34.5m29.1m26.7m29.8m41.3m347.5m341.1m433.9m

Long-term debt

93.6m122.0m85.4m145.4m47.6m152.3m250.0m250.0m250.0m89.5m210.0m254.4m275.6m269.9m273.4m273.6m273.8m286.0m291.1m290.4m296.1m294.3m7.4m5.9m4.4m

Total Debt

93.6m122.0m85.4m145.4m47.6m152.3m250.0m250.0m250.0m89.5m210.0m254.4m275.6m269.9m273.4m273.6m273.8m286.0m291.1m290.4m296.1m294.3m328.6m327.3m326.0m

Total Liabilities

185.8m223.7m203.3m254.0m169.1m275.9m365.7m417.4m462.0m507.1m557.1m668.8m684.2m597.0m559.2m555.3m549.1m539.5m555.9m551.8m493.5m500.4m509.5m524.6m513.5m515.3m

Common Stock

284.0k284.0k335.0k335.0k385.0k390.0k390.0k390.0k390.0k391.0k391.0k399.0k399.0k400.0k410.0k410.0k410.0k851.0k851.0k851.0k946.0k945.0k945.0k937.0k937.0k937.0k

Preferred Stock

Additional Paid-in Capital

276.3m277.3m403.6m404.2m550.5m562.6m563.8m565.4m567.7m568.8m570.6m575.1m577.1m578.8m582.2m583.5m584.9m722.0m722.7m724.0m742.6m742.9m743.5m743.6m743.9m744.1m

Retained Earnings

68.4m75.5m67.9m75.8m73.4m72.3m80.1m80.5m147.8m151.6m174.1m193.3m181.5m32.7m13.3m(2.8m)(11.8m)(164.3m)(173.2m)(181.7m)(143.4m)(152.4m)(156.7m)(172.6m)(186.2m)(205.4m)

Total Equity

344.8m352.8m471.9m480.3m624.3m635.2m644.3m646.4m715.9m720.8m745.1m768.8m759.0m611.9m595.9m581.2m573.5m558.5m550.3m543.1m600.2m591.2m587.8m571.9m558.6m539.6m

Financial Leverage

1.5 x1.6 x1.4 x1.5 x1.3 x1.4 x1.6 x1.6 x1.6 x1.7 x1.7 x1.9 x1.9 x2 x1.9 x2 x2 x2 x2 x2 x1.8 x1.8 x1.9 x1.9 x1.9 x2 x

Approach Resources Cash Flow

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

9.5m16.5m1.7m9.6m7.2m(347.0k)7.4m7.9m2.9m6.7m29.2m(7.7m)(19.6m)(168.3m)(13.7m)(29.7m)(38.8m)(140.8m)(149.7m)(158.2m)(7.4m)(16.5m)(20.8m)(16.8m)(30.4m)(49.6m)

Depreciation and Amortization

14.0m22.4m11.0m25.6m42.4m17.1m35.5m55.0m23.6m52.2m78.1m26.5m54.9m86.1m20.2m40.2m59.6m18.0m37.5m54.3m15.7m32.5m47.0m13.6m26.7m39.8m

Accounts Receivable

4.9m6.2m(599.0k)265.0k(2.0m)2.5m(1.5m)(2.6m)1.9m(1.7m)2.1m2.2m2.4m4.9m4.4m3.9m3.7m863.0k1.1m980.0k85.0k(1.1m)(966.0k)(456.0k)2.4m1.4m

Accounts Payable

(1.2m)342.0k(11.4m)(5.8m)1.7m(3.4m)(216.0k)535.0k(3.9m)(1.1m)(4.0m)(4.3m)(1.1m)(1.8m)(4.0m)(1.4m)(2.4m)(4.8m)2.9m

Cash From Operating Activities

46.1m74.2m35.5m46.1m76.5m29.6m44.8m119.0m49.0m85.7m148.2m27.1m50.0m82.5m5.3m8.6m19.9m5.7m16.2m29.5m5.4m14.3m29.4m(1.2m)(7.2m)(9.1m)

Capital Expenditures

(430.0k)(524.0k)(57.0k)(431.0k)(464.0k)(251.0k)(317.0k)(394.0k)(1.9m)(2.1m)(2.7m)(52.0k)(53.0k)(74.0k)(3.0k)(15.0k)(15.0k)(6.0k)(14.0k)(14.0k)(31.0k)(31.0k)(31.0k)(185.0k)(185.0k)(185.0k)

Cash From Investing Activities

(161.9m)(218.5m)(77.7m)(148.3m)(225.4m)(76.0m)(126.2m)(230.2m)(103.4m)(187.8m)(292.6m)(87.3m)(156.7m)(207.2m)(3.3m)(9.4m)(18.8m)(6.9m)(28.5m)(46.7m)(5.4m)(19.5m)(32.0m)(1.8m)(2.2m)(2.7m)

Long-term Borrowings

(26.0m)(47.2m)(19.1m)(39.7m)(210.3m)(33.8m)(235.9m)(235.9m)(17.5m)(68.4m)(141.9m)(39.5m)(75.5m)(113.5m)(13.6m)(31.6m)(38.6m)(19.5m)(40.2m)(57.7m)(28.5m)(54.3m)(85.6m)(3.0m)(3.0m)(3.0m)

Cash From Financing Activities

93.2m121.6m42.3m102.3m149.5m46.2m135.9m135.9m43.8m87.3m60.0m107.0m124.6m(1.7m)1.1m1.1m1.3m12.5m17.2m3.0k5.2m2.7m18.7m16.6m18.8m

Net Change in Cash

(22.6m)(22.7m)174.0k101.0k540.0k(173.0k)54.5m24.7m(54.4m)(58.3m)(57.1m)(138.0k)320.0k(113.0k)240.0k293.0k2.1m58.0k157.0k1.0k1.0k1.0k15.7m7.2m7.0m

Interest Paid

1.4m2.3m643.0k1.5m3.3m806.0k2.1m3.0m429.0k10.0m10.5m1.2m11.4m13.2m1.9m12.5m15.2m4.2m10.4m14.0m4.2m11.6m16.3m4.4m13.1m13.1m

Free Cash Flow

45.6m73.7m35.4m45.7m76.0m29.4m44.5m118.6m47.0m83.6m145.6m27.1m49.9m82.4m5.3m8.6m19.9m5.7m16.2m29.5m5.4m14.2m29.3m(1.4m)(7.3m)(9.3m)

Approach Resources Ratios

USDQ2, 2011

Financial Leverage

1.5 x