APPROACH RESOURCES INC: 10-Q filed 2017-08-03
What APPROACH RESOURCES INC reported in its quarterly report filed 2017-08-03 (fiscal Q2 2017): 33 published measures, 92 facts as tagged in accession 0001564590-17-015364.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2017-08-03
- Fiscal period
- fiscal Q2 2017
- Accession
- 0001564590-17-015364 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 2017-06-30 | 1,106,267,000 | USD | |
| At 2016-12-31 | 1,104,555,000 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2017-06-30 | 555,945,000 | USD | |
| At 2016-12-31 | 541,603,000 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2017-06-30 | 550,322,000 | USD | |
| At 2016-12-31 | 562,952,000 | 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 2017-06-30 | 178,000 | USD | |
| At 2016-12-31 | 21,000 | USD | |
| At 2016-06-30 | 893,000 | USD | |
| At 2015-12-31 | 600,000 | USD |
Net income or loss
Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2017-04-01 to 2017-06-30 | -8,896,000 | USD | 91 |
| 2017-01-01 to 2017-06-30 | -149,664,000 | USD | 181 |
| 2016-04-01 to 2016-06-30 | -16,035,000 | USD | 91 |
| 2016-01-01 to 2016-06-30 | -29,695,000 | USD | 182 |
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 2017-06-30 | -173,225,000 | USD | |
| At 2016-12-31 | -23,561,000 | 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 |
|---|---|---|---|
| 2017-04-01 to 2017-06-30 | 86,340,634 | shares | 91 |
| 2017-01-01 to 2017-06-30 | 78,418,977 | shares | 181 |
| 2016-04-01 to 2016-06-30 | 41,564,482 | shares | 91 |
| 2016-01-01 to 2016-06-30 | 41,316,777 | shares | 182 |
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 |
|---|---|---|---|
| 2017-04-01 to 2017-06-30 | 86,340,634 | shares | 91 |
| 2017-01-01 to 2017-06-30 | 78,418,977 | shares | 181 |
| 2016-04-01 to 2016-06-30 | 41,564,482 | shares | 91 |
| 2016-01-01 to 2016-06-30 | 41,316,777 | shares | 182 |
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 |
|---|---|---|---|
| 2017-04-01 to 2017-06-30 | -0.1 | USD/shares | 91 |
| 2017-01-01 to 2017-06-30 | -1.91 | USD/shares | 181 |
| 2016-04-01 to 2016-06-30 | -0.39 | USD/shares | 91 |
| 2016-01-01 to 2016-06-30 | -0.72 | USD/shares | 182 |
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 |
|---|---|---|---|
| 2017-04-01 to 2017-06-30 | -0.1 | USD/shares | 91 |
| 2017-01-01 to 2017-06-30 | -1.91 | USD/shares | 181 |
| 2016-04-01 to 2016-06-30 | -0.39 | USD/shares | 91 |
| 2016-01-01 to 2016-06-30 | -0.72 | USD/shares | 182 |
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 |
|---|---|---|---|
| 2017-04-01 to 2017-06-30 | -4,509,000 | USD | 91 |
| 2017-01-01 to 2017-06-30 | 134,191,000 | USD | 181 |
| 2016-04-01 to 2016-06-30 | -8,687,000 | USD | 91 |
| 2016-01-01 to 2016-06-30 | -15,932,000 | USD | 182 |
Share-based compensation expense
Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2017-04-01 to 2017-06-30 | 1,029,000 | USD | 91 |
| 2017-01-01 to 2017-06-30 | 2,188,000 | USD | 181 |
| 2016-04-01 to 2016-06-30 | 1,374,000 | USD | 91 |
| 2016-01-01 to 2016-06-30 | 2,924,000 | USD | 182 |
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 |
|---|---|---|---|
| 2017-04-01 to 2017-06-30 | -9,720,000 | USD | 91 |
| 2017-01-01 to 2017-06-30 | -14,825,000 | USD | 181 |
| 2016-04-01 to 2016-06-30 | -12,101,000 | USD | 91 |
| 2016-01-01 to 2016-06-30 | -29,355,000 | USD | 182 |
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 2017-06-30 | 13,915,000 | USD | |
| At 2016-12-31 | 12,494,000 | 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 |
|---|---|---|---|
| 2017-04-01 to 2017-06-30 | 4,916,000 | USD | 91 |
| 2017-01-01 to 2017-06-30 | 10,379,000 | USD | 181 |
| 2016-04-01 to 2016-06-30 | 6,808,000 | USD | 91 |
| 2016-01-01 to 2016-06-30 | 13,106,000 | USD | 182 |
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 2017-06-30 | 34,536,000 | USD | |
| At 2016-12-31 | 26,369,000 | 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 2017-06-30 | 12,873,000 | USD | |
| At 2016-12-31 | 9,482,000 | 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 2017-06-30 | 8,326,000 | USD | |
| At 2016-12-31 | 9,547,000 | USD |
Operating expenses
Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2017-04-01 to 2017-06-30 | 34,689,000 | USD | 91 |
| 2017-01-01 to 2017-06-30 | 66,149,000 | USD | 181 |
| 2016-04-01 to 2016-06-30 | 34,534,000 | USD | 91 |
| 2016-01-01 to 2016-06-30 | 69,403,000 | USD | 182 |
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 2017-06-30 | 86,480,629 | shares | |
| At 2016-12-31 | 41,764,770 | shares |
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 2017-06-30 | 370,000,000 | USD | |
| At 2016-12-31 | 498,349,000 | USD |
Gross property, plant and equipment
Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2017-06-30 | 5,658,000 | USD | |
| At 2016-12-31 | 5,644,000 | 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 2017-06-30 | 820,653,000 | USD | |
| At 2016-12-31 | 783,357,000 | 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 2017-06-30 | 2,404,000 | USD |
Other noncurrent liabilities
Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2017-06-30 | 828,000 | USD | |
| At 2016-12-31 | 663,000 | 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 2017-06-30 | 16,471,000 | USD | |
| At 2016-12-31 | 7,817,000 | 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 2017-06-30 | 4,335,000 | USD | |
| At 2016-12-31 | 2,834,000 | USD |
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 |
|---|---|---|---|
| 2017-04-01 to 2017-06-30 | 6,548,000 | USD | 91 |
| 2017-01-01 to 2017-06-30 | 12,476,000 | USD | 181 |
| 2016-04-01 to 2016-06-30 | 5,832,000 | USD | 91 |
| 2016-01-01 to 2016-06-30 | 11,883,000 | USD | 182 |
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 |
|---|---|---|---|
| 2017-04-01 to 2017-06-30 | 19,543,000 | USD | 91 |
| 2017-01-01 to 2017-06-30 | 37,505,000 | USD | 181 |
| 2016-04-01 to 2016-06-30 | 19,991,000 | USD | 91 |
| 2016-01-01 to 2016-06-30 | 40,220,000 | USD | 182 |
Other nonoperating income or expense
Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2017-01-01 to 2017-06-30 | 3,000 | USD | 181 |
| 2016-04-01 to 2016-06-30 | 1,417,000 | USD | 91 |
| 2016-01-01 to 2016-06-30 | 1,521,000 | USD | 182 |
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 |
|---|---|---|---|
| 2017-01-01 to 2017-06-30 | 134,191,000 | USD | 181 |
| 2016-01-01 to 2016-06-30 | -15,932,000 | USD | 182 |
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 |
|---|---|---|---|
| 2017-01-01 to 2017-06-30 | 10,410,000 | USD | 181 |
| 2016-01-01 to 2016-06-30 | 12,500,000 | USD | 182 |
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 |
|---|---|---|---|
| 2017-01-01 to 2017-06-30 | -4,258,000 | USD | 181 |
| 2016-01-01 to 2016-06-30 | -3,871,000 | USD | 182 |
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
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