Financial Statements for Approach Resources Inc.

Search Images Maps Play YouTube News Gmail Drive More »

Help | Sign in

Recent Quotes (30 days)

You have no recent quotes

chg | %

Approach Resources Inc. financials

Watch this stock

Income Statement

Balance Sheet

Cash Flow

View: Quarterly Data | Annual Data

Hide charts

In Millions of USD (except for per share items)	3 months ending 2013-03-31	3 months ending 2012-12-31	9 months ending 2012-09-30	3 months ending 2012-06-30	3 months ending 2012-03-31
Revenue	36.27	35.31	93.58	29.93	30.62
Other Revenue, Total	-	-	-	-	-
Total Revenue	36.27	35.31	93.58	29.93	30.62
Cost of Revenue, Total	5.38	5.72	13.29	5.01	3.58
Gross Profit	30.89	29.59	80.30	24.92	27.04
Selling/General/Admin. Expenses, Total	8.97	8.46	16.45	5.05	7.98
Research & Development	0.26	2.13	2.42	-0.04	1.29
Depreciation/Amortization	17.06	18.03	42.35	14.60	11.03
Interest Expense(Income) - Net Operating	-	-	-	-	-
Unusual Expense (Income)	-	2.45	6.81	1.48	-
Other Operating Expenses, Total	-	-	-	-	-
Total Operating Expense	31.66	36.78	81.31	26.09	23.88
Operating Income	4.60	-1.47	12.27	3.83	6.74
Interest Income(Expense), Net Non-Operating	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	0.00	0.00	0.00	-
Other, Net	-	-	-	-	-
Income Before Tax	-0.53	-1.62	11.34	12.25	2.70
Income After Tax	-0.35	-0.84	7.22	7.86	1.71
Minority Interest	-	-	-	-	-
Equity In Affiliates	-	-	-	-	-
Net Income Before Extra. Items	-0.35	-0.84	7.22	7.86	1.71
Accounting Change	-	-	-	-	-
Discontinued Operations	-	-	-	-	-
Extraordinary Item	-	-	-	-	-
Net Income	-0.35	-0.84	7.22	7.86	1.71
Preferred Dividends	-	-	-	-	-
Income Available to Common Excl. Extra Items	-0.35	-0.84	7.22	7.86	1.71
Income Available to Common Incl. Extra Items	-0.35	-0.84	7.22	7.86	1.71
Basic Weighted Average Shares	-	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-	-
Dilution Adjustment	0.00	0.00	-	-	-1.71
Diluted Weighted Average Shares	38.92	38.86	31.20	33.55	33.44
Diluted EPS Excluding Extraordinary Items	-0.01	-0.02	0.23	0.23	0.00
Diluted EPS Including Extraordinary Items	-	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.00	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	-	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-	-
Depreciation, Supplemental	-	-	-	-	-
Total Special Items	-	-	-	-	-
Normalized Income Before Taxes	-	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-	-
Normalized Income After Taxes	-	-	-	-	-
Normalized Income Avail to Common	-	-	-	-	-
Basic Normalized EPS	-	-	-	-	-
Diluted Normalized EPS	-0.01	0.02	0.37	0.26	0.00

In Millions of USD (except for per share items)	12 months ending 2012-12-31	12 months ending 2011-12-31	12 months ending 2010-12-31	12 months ending 2009-12-31
Revenue	128.89	108.39	57.58	40.65
Other Revenue, Total	-	-	-	-
Total Revenue	128.89	108.39	57.58	40.65
Cost of Revenue, Total	19.00	10.69	6.62	7.78
Gross Profit	109.89	97.70	50.96	32.87
Selling/General/Admin. Expenses, Total	24.90	17.90	11.42	10.62
Research & Development	4.55	9.55	2.59	1.62
Depreciation/Amortization	60.38	32.48	22.22	24.66
Interest Expense(Income) - Net Operating	-	-	-	-
Unusual Expense (Income)	9.26	26.92	7.55	4.96
Other Operating Expenses, Total	-	-	-	-
Total Operating Expense	118.09	97.53	50.40	49.63
Operating Income	10.80	10.86	7.18	-8.99
Interest Income(Expense), Net Non-Operating	-	-	-	-
Gain (Loss) on Sale of Assets	0.00	0.25	0.00	0.00
Other, Net	-	-	-	-
Income Before Tax	9.72	10.73	11.56	-6.01
Income After Tax	6.38	7.24	7.46	-5.23
Minority Interest	-	-	-	-
Equity In Affiliates	-	-	-	-
Net Income Before Extra. Items	6.38	7.24	7.46	-5.23
Accounting Change	-	-	-	-
Discontinued Operations	-	-	-	-
Extraordinary Item	-	-	-	-
Net Income	6.38	7.24	7.46	-5.23
Preferred Dividends	-	-	-	-
Income Available to Common Excl. Extra Items	6.38	7.24	7.46	-5.23
Income Available to Common Incl. Extra Items	6.38	7.24	7.46	-5.23
Basic Weighted Average Shares	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-
Dilution Adjustment	-	-	-	0.00
Diluted Weighted Average Shares	35.03	29.16	22.21	20.87
Diluted EPS Excluding Extraordinary Items	0.18	0.25	0.34	-0.25
Diluted EPS Including Extraordinary Items	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-
Depreciation, Supplemental	-	-	-	-
Total Special Items	-	-	-	-
Normalized Income Before Taxes	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-
Normalized Income After Taxes	-	-	-	-
Normalized Income Avail to Common	-	-	-	-
Basic Normalized EPS	-	-	-	-
Diluted Normalized EPS	0.36	0.87	0.56	-0.10

In Millions of USD (except for per share items)	As of 2013-03-31	As of 2012-12-31	As of 2012-09-30	As of 2012-06-30	As of 2012-03-31
Cash & Equivalents	0.59	0.77	0.84	0.40	0.47
Short Term Investments	-	-	-	-	-
Cash and Short Term Investments	0.59	0.77	0.84	0.40	0.47
Accounts Receivable - Trade, Net	10.24	12.79	12.21	9.97	10.84
Receivables - Other	-	-	-	-	-
Total Receivables, Net	10.24	12.79	12.21	9.97	10.84
Total Inventory	-	-	-	-	-
Prepaid Expenses	0.99	0.55	0.30	0.53	0.75
Other Current Assets, Total	0.79	1.55	1.37	2.91	1.14
Total Current Assets	12.61	15.66	14.71	13.82	13.20
Property/Plant/Equipment, Total - Gross	1,097.07	1,027.55	957.58	881.52	810.77
Accumulated Depreciation, Total	-216.06	-199.08	-181.13	-164.47	-149.95
Goodwill, Net	-	-	-	-	-
Intangibles, Net	-	-	-	-	-
Long Term Investments	16.06	9.89	-	-	-
Other Long Term Assets, Total	1.41	1.72	2.25	3.47	1.16
Total Assets	911.08	855.74	793.41	734.34	675.18
Accounts Payable	35.88	29.88	34.40	31.14	15.37
Accrued Expenses	28.14	29.84	28.39	19.24	43.56
Notes Payable/Short Term Debt	0.00	0.00	0.00	0.00	0.00
Current Port. of LT Debt/Capital Leases	-	-	-	-	-
Other Current liabilities, Total	2.27	0.53	1.22	1.00	3.27
Total Current Liabilities	66.29	60.25	64.01	51.38	62.20
Long Term Debt	152.25	106.00	47.60	145.40	85.40
Capital Lease Obligations	-	-	-	-	-
Total Long Term Debt	152.25	106.00	47.60	145.40	85.40
Total Debt	152.25	106.00	47.60	145.40	85.40
Deferred Income Tax	49.73	48.59	49.83	50.16	47.90
Minority Interest	-	-	-	-	-
Other Liabilities, Total	7.61	7.43	7.63	7.07	7.76
Total Liabilities	275.87	222.27	169.07	254.00	203.26
Redeemable Preferred Stock, Total	-	-	-	-	-
Preferred Stock - Non Redeemable, Net	0.00	0.00	0.00	0.00	-
Common Stock, Total	0.39	0.39	0.39	0.34	0.34
Additional Paid-In Capital	562.56	560.47	550.51	404.19	403.64
Retained Earnings (Accumulated Deficit)	72.27	72.61	73.45	75.80	67.94
Treasury Stock - Common	-	-	-	-	-
Other Equity, Total	-	-	-	-	-
Total Equity	635.21	633.47	624.34	480.33	471.92
Total Liabilities & Shareholders' Equity	911.08	855.74	793.41	734.34	675.18
Shares Outs - Common Stock Primary Issue	-	-	-	-	-
Total Common Shares Outstanding	39.02	33.09	38.54	33.54	33.52

In Millions of USD (except for per share items)	As of 2012-12-31	As of 2011-12-31	As of 2010-12-31	As of 2009-12-31
Cash & Equivalents	0.77	0.30	23.46	2.69
Short Term Investments	-	-	-	-
Cash and Short Term Investments	0.77	0.30	23.46	2.69
Accounts Receivable - Trade, Net	12.79	10.24	14.36	7.70
Receivables - Other	-	-	-	-
Total Receivables, Net	12.79	10.24	14.36	7.70
Total Inventory	-	-	-	-
Prepaid Expenses	0.55	0.34	0.32	0.58
Other Current Assets, Total	1.55	0.50	3.18	1.04
Total Current Assets	15.66	11.39	41.33	12.00
Property/Plant/Equipment, Total - Gross	1,027.55	734.28	475.99	389.33
Accumulated Depreciation, Total	-199.08	-139.00	-106.78	-84.85
Goodwill, Net	-	-	-	-
Intangibles, Net	-	-	-	-
Long Term Investments	9.89	0.00	-	-
Other Long Term Assets, Total	1.72	1.22	2.55	2.44
Total Assets	855.74	607.89	413.09	318.93
Accounts Payable	29.88	17.35	16.96	6.85
Accrued Expenses	29.84	24.84	10.69	10.94
Notes Payable/Short Term Debt	0.00	0.00	0.51	2.69
Current Port. of LT Debt/Capital Leases	-	-	-	-
Other Current liabilities, Total	0.53	1.44	1.08	1.52
Total Current Liabilities	60.25	43.62	29.24	22.00
Long Term Debt	106.00	43.80	0.00	32.32
Capital Lease Obligations	-	-	-	-
Total Long Term Debt	106.00	43.80	0.00	32.32
Total Debt	106.00	43.80	0.51	35.01
Deferred Income Tax	48.59	46.29	44.62	38.37
Minority Interest	-	-	-	-
Other Liabilities, Total	7.43	6.73	6.29	5.74
Total Liabilities	222.27	140.44	80.14	98.43
Redeemable Preferred Stock, Total	-	-	-	-
Preferred Stock - Non Redeemable, Net	0.00	0.00	0.00	0.00
Common Stock, Total	0.39	0.33	0.28	0.21
Additional Paid-In Capital	560.47	400.89	273.91	168.99
Retained Earnings (Accumulated Deficit)	72.61	66.23	58.99	51.52
Treasury Stock - Common	-	-	-	-
Other Equity, Total	-	0.00	-0.23	-0.23
Total Equity	633.47	467.45	332.95	220.50
Total Liabilities & Shareholders' Equity	855.74	607.89	413.09	318.93
Shares Outs - Common Stock Primary Issue	-	-	-	-
Total Common Shares Outstanding	33.09	33.09	28.23	20.96

In Millions of USD (except for per share items)	3 months ending 2013-03-31	12 months ending 2012-12-31	9 months ending 2012-09-30	6 months ending 2012-06-30	3 months ending 2012-03-31
Net Income/Starting Line	-0.35	6.38	7.22	9.58	1.71
Depreciation/Depletion	17.06	60.38	42.35	25.63	11.03
Amortization	-	-	-	-	-
Deferred Taxes	-0.19	3.34	4.12	5.37	0.98
Non-Cash Items	6.73	8.25	4.83	-1.98	6.19
Changes in Working Capital	6.38	12.23	17.94	7.53	15.57
Cash from Operating Activities	29.64	90.58	76.46	46.12	35.49
Capital Expenditures	-69.71	-297.41	-225.44	-148.30	-77.67
Other Investing Cash Flow Items, Total	-6.28	-10.00	0.00	0.00	0.00
Cash from Investing Activities	-75.99	-307.41	-225.44	-148.30	-77.67
Financing Cash Flow Items	-	-0.12	-	-	-
Total Cash Dividends Paid	-	-	-	-	-
Issuance (Retirement) of Stock, Net	0.00	155.22	145.79	0.80	0.80
Issuance (Retirement) of Debt, Net	46.17	62.20	3.73	101.48	41.55
Cash from Financing Activities	46.17	217.29	149.51	102.28	42.35
Foreign Exchange Effects	-	0.00	0.00	0.00	0.00
Net Change in Cash	-0.17	0.47	0.54	0.10	0.17
Cash Interest Paid, Supplemental	-	4.19	3.34	1.46	0.64
Cash Taxes Paid, Supplemental	-	-	-	-	-

In Millions of USD (except for per share items)	12 months ending 2012-12-31	12 months ending 2011-12-31	12 months ending 2010-12-31	12 months ending 2009-12-31
Net Income/Starting Line	6.38	7.24	7.46	-5.23
Depreciation/Depletion	60.38	32.48	22.22	24.66
Amortization	-	-	-	-
Deferred Taxes	3.34	3.49	4.10	-0.79
Non-Cash Items	8.25	32.80	7.05	16.31
Changes in Working Capital	12.23	19.76	1.54	4.80
Cash from Operating Activities	90.58	95.77	42.38	39.76
Capital Expenditures	-297.41	-285.12	-91.35	-29.55
Other Investing Cash Flow Items, Total	-10.00	0.36	0.00	0.00
Cash from Investing Activities	-307.41	-284.76	-91.35	-29.55
Financing Cash Flow Items	-0.12	-1.12	-0.45	-0.40
Total Cash Dividends Paid	-	-	-	-
Issuance (Retirement) of Stock, Net	155.22	123.16	102.52	0.00
Issuance (Retirement) of Debt, Net	62.20	43.80	-32.32	-11.22
Cash from Financing Activities	217.29	165.84	69.75	-11.62
Foreign Exchange Effects	0.00	-0.02	0.00	0.02
Net Change in Cash	0.47	-23.16	20.78	-1.39
Cash Interest Paid, Supplemental	4.19	2.86	1.92	1.79
Cash Taxes Paid, Supplemental	-	-	0.00	0.00