APPROACH RESOURCES INC: 10-Q filed 2014-11-06
What APPROACH RESOURCES INC reported in its quarterly report filed 2014-11-06 (fiscal Q3 2014): 28 published measures, 78 facts as tagged in accession 0001193125-14-401104.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2014-11-06
- Fiscal period
- fiscal Q3 2014
- Accession
- 0001193125-14-401104 on SEC EDGAR
Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All APPROACH RESOURCES INC filings.
Reported measures
Total assets
Resources recognized on the balance sheet. Book assets are not the market value of the business.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 1,302,168,000 | USD | |
| At 2013-12-31 | 1,145,484,000 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 557,082,000 | USD | |
| At 2013-12-31 | 434,989,000 | USD |
Cash and cash equivalents
Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 1,634,000 | USD | |
| At 2013-12-31 | 58,761,000 | USD | |
| At 2013-09-30 | 25,489,000 | USD | |
| At 2012-12-31 | 767,000 | USD |
Retained earnings or deficit
Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 174,053,000 | USD | |
| At 2013-12-31 | 144,868,000 | USD |
Basic weighted-average shares
Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 39,363,441 | shares | 92 |
| 2014-01-01 to 2014-09-30 | 39,325,552 | shares | 273 |
| 2013-07-01 to 2013-09-30 | 39,011,555 | shares | 92 |
| 2013-01-01 to 2013-09-30 | 38,980,971 | shares | 273 |
Diluted weighted-average shares
Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 39,379,779 | shares | 92 |
| 2014-01-01 to 2014-09-30 | 39,340,961 | shares | 273 |
| 2013-07-01 to 2013-09-30 | 39,032,813 | shares | 92 |
| 2013-01-01 to 2013-09-30 | 39,002,731 | shares | 273 |
Basic earnings per share
Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 0.57 | USD/shares | 92 |
| 2014-01-01 to 2014-09-30 | 0.74 | USD/shares | 273 |
| 2013-07-01 to 2013-09-30 | 0.01 | USD/shares | 92 |
| 2013-01-01 to 2013-09-30 | 0.2 | USD/shares | 273 |
Diluted earnings per share
Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 0.57 | USD/shares | 92 |
| 2014-01-01 to 2014-09-30 | 0.74 | USD/shares | 273 |
| 2013-07-01 to 2013-09-30 | 0.01 | USD/shares | 92 |
| 2013-01-01 to 2013-09-30 | 0.2 | USD/shares | 273 |
Income tax expense or benefit
Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 12,756,000 | USD | 92 |
| 2014-01-01 to 2014-09-30 | 16,590,000 | USD | 273 |
| 2013-07-01 to 2013-09-30 | 270,000 | USD | 92 |
| 2013-01-01 to 2013-09-30 | 4,300,000 | USD | 273 |
Operating income or loss
Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 22,599,000 | USD | 92 |
| 2014-01-01 to 2014-09-30 | 62,223,000 | USD | 273 |
| 2013-07-01 to 2013-09-30 | 9,882,000 | USD | 92 |
| 2013-01-01 to 2013-09-30 | 25,429,000 | USD | 273 |
Current assets
Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 25,658,000 | USD | |
| At 2013-12-31 | 90,413,000 | USD |
Interest expense
Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 5,442,000 | USD | 92 |
| 2014-01-01 to 2014-09-30 | 15,936,000 | USD | 273 |
| 2013-07-01 to 2013-09-30 | 5,179,000 | USD | 92 |
| 2013-01-01 to 2013-09-30 | 8,859,000 | USD | 273 |
Current liabilities
Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 101,903,000 | USD | |
| At 2013-12-31 | 84,441,000 | USD |
Current accounts payable
Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 33,102,000 | USD | |
| At 2013-12-31 | 38,575,000 | USD |
Net current accounts receivable
Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 20,868,000 | USD | |
| At 2013-12-31 | 22,871,000 | USD |
Common shares outstanding
Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 39,337,147 | shares | |
| At 2013-12-31 | 39,047,699 | shares |
Total equity including noncontrolling interests
Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 745,086,000 | USD | |
| At 2013-12-31 | 710,495,000 | USD |
Long-term debt
Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 339,500,000 | USD | |
| At 2013-12-31 | 250,000,000 | USD |
Accumulated depreciation on property, plant and equipment
Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 353,565,000 | USD | |
| At 2013-12-31 | 275,702,000 | USD |
Other noncurrent assets
Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 9,188,000 | USD | |
| At 2013-12-31 | 8,041,000 | USD |
Accrued current liabilities
Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 57,557,000 | USD | |
| At 2013-12-31 | 37,918,000 | USD |
Prepaid expenses and other current assets
Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-09-30 | 690,000 | USD | |
| At 2013-12-31 | 592,000 | USD |
Profit or loss including noncontrolling interests
Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 22,447,000 | USD | 92 |
| 2014-01-01 to 2014-09-30 | 29,185,000 | USD | 273 |
| 2013-07-01 to 2013-09-30 | 495,000 | USD | 92 |
| 2013-01-01 to 2013-09-30 | 7,935,000 | USD | 273 |
General and administrative expense
General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 7,675,000 | USD | 92 |
| 2014-01-01 to 2014-09-30 | 23,612,000 | USD | 273 |
| 2013-07-01 to 2013-09-30 | 6,171,000 | USD | 92 |
| 2013-01-01 to 2013-09-30 | 17,810,000 | USD | 273 |
Depreciation, depletion and amortization
Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2014-07-01 to 2014-09-30 | 25,959,000 | USD | 92 |
| 2014-01-01 to 2014-09-30 | 78,138,000 | USD | 273 |
| 2013-07-01 to 2013-09-30 | 19,413,000 | USD | 92 |
| 2013-01-01 to 2013-09-30 | 54,951,000 | USD | 273 |
Deferred income tax expense or benefit
The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2014-01-01 to 2014-09-30 | 16,590,000 | USD | 273 |
| 2013-01-01 to 2013-09-30 | 4,300,000 | USD | 273 |
Interest paid, net
Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2014-01-01 to 2014-09-30 | 10,529,000 | USD | 273 |
| 2013-01-01 to 2013-09-30 | 3,045,000 | USD | 273 |
Change in accounts payable
The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2014-01-01 to 2014-09-30 | -5,793,000 | USD | 273 |
| 2013-01-01 to 2013-09-30 | 15,300,000 | USD | 273 |
Inspect the source
- Entity
- APPROACH RESOURCES INC / CIK 0001405073
- Captured
- SEC response SHA-256
bf9c158ddc00f5f3946e173e077bb9b9f725c9053fbaac13b7a5241228ec82fb
Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON
Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.
Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.
Use this in research
A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.
These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.
Research methodology · Execution and cost assumptions · Check backtest overfitting
Build with the open-source tools
Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.
- Get an API key and run your first validation
- Connect the MCP server to your coding assistant
- Inspect the ALPHAC engine on GitHub
- Read the MCP server source and integration examples
Read the published dataset with Python
import json
from urllib.request import urlopen
with urlopen("https://canlicapital.com/company-data/0001405073.json") as response:
record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
print(concept["tag"], next(iter(concept["observations"])))