$176.8 M

LGCY Mkt cap, 17-Jan-2019

$276.8 M

Legacy Reserves Revenue Q2, 2018
Legacy Reserves Net income (Q2, 2018)13.7 M
Legacy Reserves EBIT (Q2, 2018)29.3 M
Legacy Reserves Cash, 30-Jun-20185.9 M
Legacy Reserves EV955.6 M

Legacy Reserves Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

485.5m532.3m338.8m314.4m436.3m

Revenue growth, %

10%(36%)(7%)

General and administrative expense

28.9m46.5m43.6m49.4m

Operating expense total

457.8m1.1b399.4m418.2m

EBIT

27.6m(356.9m)(725.7m)(85.0m)18.1m

EBIT margin, %

6%(67%)(214%)(27%)4%

Interest expense

50.1m67.2m76.9m79.1m89.2m

Interest income

776.0k873.0k329.0k67.0k64.0k

Pre tax profit

(34.6m)(284.5m)(703.0m)(54.6m)(52.5m)

Income tax expense

(649.0k)859.0k1.5m(1.2m)(1.4m)

Net Income

(35.3m)(283.6m)(701.5m)(55.8m)(53.9m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

136.2m125.9m137.1m149.7m81.5m87.8m89.5m65.9m73.4m83.5m99.5m92.8m106.8m137.5m276.8m

General and administrative expense

7.9m7.6m14.8m8.3m8.9m10.4m16.2m9.4m11.0m9.2m10.6m8.6m10.0m24.1m46.6m

Operating expense total

95.3m95.5m106.3m122.7m314.7m94.9m213.2m82.7m87.5m88.6m97.3m98.1m103.9m95.5m247.5m

EBIT

40.9m30.4m30.8m27.0m(233.2m)(7.1m)(123.7m)(16.9m)(14.1m)(5.0m)2.3m(5.2m)2.9m41.9m29.3m

EBIT margin, %

30%24%22%18%(286%)(8%)(138%)(26%)(19%)(6%)2%(6%)3%31%11%

Interest expense

14.2m13.9m16.2m19.1m17.8m17.8m23.4m25.2m20.3m17.1m20.1m20.6m23.6m27.4m56.0m

Interest income

227.0k223.0k216.0k223.0k206.0k176.0k55.0k38.0k16.0k1.0k8.0k35.0k12.0k15.0k

Pre tax profit

(3.4m)840.0k(16.2m)64.1m(229.6m)(38.0m)(90.1m)105.7m(52.2m)(4.1m)16.8m(10.9m)(33.6m)64.9m14.3m

Income tax expense

(29.0k)(314.0k)(278.0k)(278.0k)747.0k(456.0k)(1.0k)(400.0k)(87.0k)(223.0k)(421.0k)(150.0k)(266.0k)(487.0k)(617.0k)

Net Income

(3.4m)526.0k(16.5m)63.8m(228.9m)(38.5m)(90.1m)105.3m(52.3m)(4.3m)16.4m(11.1m)(33.9m)64.4m13.7m

Legacy Reserves Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

2.6m725.0k2.0m2.6m1.2m

Accounts Receivable

5.1m

Inventories

3.7m5.4m4.3m7.4m

Current Assets

74.7m192.3m129.5m82.8m112.6m

Total Assets

1.7b1.9b1.6b1.3b1.5b

Accounts Payable

6.0m2.8m13.6m9.1m13.1m

Short-term debt

Current Liabilities

93.9m97.6m81.1m86.6m144.8m

Long-term debt

878.7m938.9m1.4b1.2b1.3b

Total Debt

878.7m1.4b1.2b1.3b

Total Liabilities

1.1b1.8b1.5b1.8b

Debt to Assets Ratio

0.9 x0.9 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

4.1m3.0m10.1m3.0m3.5m3.7m1.6m5.3m1.1m2.0m1.9m1.2m7.5m5.9m

Current Assets

80.2m85.4m109.5m126.5m173.4m127.2m147.9m125.8m81.4m96.9m93.3m103.3m97.7m109.9m118.6m

Total Assets

1.6b1.5b2.2b2.3b1.7b1.6b2.0b1.5b1.4b1.4b1.3b1.3b1.5b1.5b1.5b

Accounts Payable

6.1m8.1m13.1m1.3m3.1m1.4m3.3m2.7m3.7m5.4m4.2m9.0m5.6m3.4m6.6m

Current Liabilities

114.8m119.0m137.5m123.4m87.2m69.9m94.3m71.4m72.9m85.0m101.1m82.8m137.0m139.9m708.4m

Long-term debt

844.3m891.1m1.2b1.2b967.4m966.1m1.5b1.2b1.2b1.2b1.1b1.2b1.3b1.3b784.8m

Total Debt

844.3m891.1m1.2b1.2b967.4m966.1m1.5b1.2b1.2b1.2b1.1b1.2b1.3b1.3b784.8m

Total Liabilities

1.1b1.2b1.5b1.5b1.3b1.3b1.8b1.6b1.5b1.5b1.5b1.5b1.7b1.7b1.8b

Debt to Assets Ratio

0.5 x0.6 x0.5 x0.6 x0.8 x0.8 x0.9 x

Legacy Reserves Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(35.3m)(283.6m)(701.5m)(55.8m)(53.9m)

Accounts Receivable

Inventories

Accounts Payable

4.2m(3.2m)10.8m(4.5m)4.0m

Cash From Operating Activities

241.1m207.2m2.0m(310.0k)100.2m

Cash From Investing Activities

(209.4m)(632.4m)(377.4m)120.0m(279.2m)

Long-term Borrowings

(701.0m)(1.3b)(341.0m)(376.4m)(357.0m)

Cash From Financing Activities

(32.7m)423.3m376.7m(119.1m)177.7m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

11.6m526.0k(16.0m)63.8m(228.9m)(267.3m)(357.4m)105.3m53.1m(4.3m)16.4m5.3m(28.6m)64.4m13.7m

Accounts Payable

4.2m13.1m1.3m3.1m1.4m3.3m(10.9m)3.7m5.4m4.2m

Cash From Operating Activities

201.5m60.2m103.8m206.0k1.7m(18.0m)(14.6m)35.1m72.9m54.0m115.0m

Cash From Investing Activities

(168.0m)(37.4m)(515.9m)54.4m(404.7m)84.5m117.9m(51.4m)(231.7m)(49.6m)(94.4m)

Long-term Borrowings

(597.0m)(114.0m)(737.0m)(129.0m)(246.0m)(106.4m)(181.4m)(196.0m)(270.0m)(248.4m)(375.4m)

Cash From Financing Activities

(33.0m)(22.4m)419.7m(51.7m)403.9m(63.2m)(104.2m)14.9m163.8m(5.6m)(15.9m)

Legacy Reserves Ratios

USDY, 2018

EV/EBIT

32.7 x

EV/CFO

8.3 x
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Legacy Reserves Employee Rating

3.96 votes
Culture & Values
4.5
Work/Life Balance
4.2
Senior Management
4.1
Salary & Benefits
3.7
Career Opportunities
3.8
Source