Erin Energy Corp. company info

CIK 1402281
IRS Number 300349798
State of incorporation DE
Business address 1330 POST OAK BLVD
SUITE 2250
HOUSTON
TX
77056
Mail address 1330 POST OAK BLVD
SUITE 2250
HOUSTON
TX
77056

Short summary

Erin Energy Corp. is a Texas company, with head office located at 1330 Post Oak Blvd Houston, Texas 77056. In 2017 the company owned a total of 251.13 million USD worth of assets, including 51.33 million USD worth of current assets. 2014 was the year when the company amassed the most assets.

Erin Energy Corp. Income Statement

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Cost of Goods and Services Sold 0.4412.07
Selling, General and Administrative Expense 13.3411.0014.4614.3215.9113.7711.05
Operating Income (Loss) -11.63-230.38-20.66-32.12-43.53-93.33-416.43-136.99-130.54
Interest expense 0.000.120.120.104.3817.9921.9227.66
Other Nonoperating Income (Expense) -0.33-0.44-0.09-0.3600
Income Tax Expense (Benefit) 0.000.4200000
Net income -11.49-230.47-24.91-6.09-43.53-96.06-430.94-142.40-151.89

Erin Energy Corp. Balance Sheet

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Cash and cash equivalents 10.5221.9211.233.401.9939.741.048.7610.6522.13
Accounts Receivable, Net, Current 28.2311.415.400.141.12
Inventories 0.0214.38
Property, Plant and Equipment, Gross 0.781.34
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 0.60-0.59
Goodwill 17.58
Other Assets, Noncurrent 0.240.350.050.051.270.080.040.04
Total assets 245.97213.28195.39529.02746.01348.96190.93251.13
Current assets 41.0816.668.3265.7037.6618.4944.4751.33
Accounts payable 1.2315.7714.6930.94180.70242.03249.85190.17
Total current liabilities 35.2725.1220.5364.29225.77275.66325.15398.32
Long-term Debt, Excluding Current Maturities 154.2083.4461.7861.35
Long-term Debt 87.24103.72139.53
Total liabilities 60.2732.0621.46129.97444.70508.14540.16613.91
Common Stock, Value, Issued 0.150.160.161.260.210.210.210.22
Retained Earnings (Accumulated Deficit) -273.43-281.11-290.14-375.68-487.18-951.43-1,143.36-1,170.18
Accumulated Other Comprehensive Income (Loss), Net of Tax -0.15-0.120.220

Erin Energy Corp. Cash Flow

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Net income -11.49-230.47-24.91-6.09-43.53-96.06-430.94-142.40-151.89
Depreciation and amortization 13.5310.764.53
Depreciation and amortization 0.134.2213.4810.7514.6421.5997.1858.0555.34
Accounts receivable 0.07-3.5111.69-12.843.05-0.560.80-0.633.49
Inventories 0.07-5.530.071.4814.00-14.512.501.47-2.09
Accounts payable 0.15-0.11-37.03-20.770.44
Net Cash Provided by (Used in) Operating Activities -6.878.57-14.65-5.90-7.392.156.3626.06
Payments to Acquire Productive Assets 0.4739.917.163.580.60128.5184.0419.2961.02
Payments to Acquire Businesses, Net of Cash Acquired 017000
Net Cash Provided by (Used in) Investing Activities -0.05-38.46-6.861.22-0.60-84.04-19.29-61.02
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -6.861.22-0.60-298.51-84.04-19.29
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 2.480.742.01
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 2.480.742.01
Proceeds from Issuance of Common Stock 027000
Net Cash Provided by (Used in) Financing Activities 0.0155.206.18-5.134.3563.896.0749.92
Cash and Cash Equivalents, Period Increase (Decrease) -6.9125.32-15.29-9.82-3.6424.98-16.78-1.1914.96