$186.1 M

AREX Mkt cap, 15-Oct-2018

$59.1 M

Approach Resources Revenue Q2, 2018
Approach Resources Net income (Q2, 2018)-16.5 M
Approach Resources EBIT (Q2, 2018)-1.5 M
Approach Resources Cash, 30-Jun-201822 K

Approach Resources Income Statement

Annual

USDFY, 2016

R&D expense

3.9m

General and administrative expense

24.7m

Operating expense total

28.7m

EBIT

(44.9m)

Interest expense

27.3m

Net Income

(52.2m)

Quarterly

USDQ3, 2013Q1, 2018Q2, 2018

Revenue

59.1m

R&D expense

1.2m3.0k

General and administrative expense

6.2m6.6m12.7m

Operating expense total

34.3m30.0m60.6m

EBIT

9.9m(1.2m)(1.5m)

EBIT margin, %

(2%)

Interest expense

5.2m5.9m12.1m

Pre tax profit

765.0k

Income tax expense

270.0k(1.6m)(3.8m)

Net Income

495.0k(7.4m)(16.5m)

Approach Resources Balance Sheet

Annual

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

Cash

58.8m432.0k600.0k21.0k

Inventories

592.0k929.0k1.2m2.8m

Current Assets

90.4m61.1m20.4m12.5m

Total Assets

1.1b1.4b1.2b1.1b

Accounts Payable

38.6m33.3m10.8m9.5m

Current Liabilities

84.4m106.9m28.5m26.4m

Total Liabilities

541.6m

Additional Paid-in Capital

565.2m572.9m580.6m586.1m

Retained Earnings

144.9m201.0m26.9m

Total Equity

710.5m774.3m608.0m563.0m

Financial Leverage

1.6 x1.8 x1.9 x2 x

Quarterly

USDQ3, 2013Q1, 2018Q2, 2018

Cash

25.5m22.0k22.0k

Current Assets

42.8m12.5m13.8m

Total Assets

1.1b1.1b1.1b

Accounts Payable

40.7m10.0m8.2m

Current Liabilities

105.4m26.7m29.8m

Total Liabilities

417.4m493.5m500.4m

Additional Paid-in Capital

565.4m742.6m742.9m

Retained Earnings

80.5m(143.4m)(152.4m)

Total Equity

646.4m600.2m591.2m

Financial Leverage

1.6 x1.8 x1.8 x

Approach Resources Cash Flow

Annual

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

Net Income

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

Accounts Receivable

(10.0m)3.3m7.9m2.3m

Inventories

(45.0k)(179.0k)(325.0k)534.0k

Accounts Payable

12.5m(5.8m)964.0k358.0k

Cash From Operating Activities

125.6m180.2m102.7m26.1m

Cash From Financing Activities

135.8m147.8m114.8m

Interest Paid

12.4m20.2m23.6m26.0m

Income Taxes Paid

404.0k404.0k404.0k

Quarterly

USDQ3, 2013Q1, 2018Q2, 2018

Net Income

7.9m(7.4m)(16.5m)

Accounts Receivable

(2.6m)85.0k(1.1m)

Accounts Payable

15.3m(1.8m)(4.0m)

Cash From Operating Activities

119.0m5.4m14.3m

Cash From Financing Activities

135.9m3.0k5.2m

Interest Paid

3.0m4.2m11.6m

Approach Resources Ratios

USDY, 2018

Financial Leverage

1.8 x
Report incorrect company information