10-K Filing

SANDRIDGE ENERGY INC CIK: 1349436 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001349436-19-000009`
Period End Date	20181231
Filing Date	20190305
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	wfx-20181231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 45 Cash Flow Statement 16 Stockholders Equity 12

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	35.65M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.66M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	35.69M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$99.14M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	35.69M	shares	Point-in-time
Restricted cash - other	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.99M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	35.65M	shares	Point-in-time
Restricted cash - other	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$2.17M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$45.50M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$71.28M	USD	Point-in-time
Derivative contracts	`DerivativeAssetsCurrent`	$5.29M	USD	Point-in-time
Derivative contracts	`DerivativeAssetsCurrent`	$1.31M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.63M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.25M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$265.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$15.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$195.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$73.33M	USD	Point-in-time
Proved	`CapitalizedCostsProvedProperties`	$1.06B	USD	Point-in-time
Proved	`CapitalizedCostsProvedProperties`	$1.27B	USD	Point-in-time
Proved	`CapitalizedCostsProvedProperties`	$840.20M	USD	Point-in-time
Unproved	`CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative`	$74.94M	USD	Point-in-time
Unproved	`CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative`	$100.88M	USD	Point-in-time
Unproved	`CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative`	$60.15M	USD	Point-in-time
Less: accumulated depreciation, depletion and impairment	`CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities`	$580.13M	USD	Point-in-time
Less: accumulated depreciation, depletion and impairment	`CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities`	$460.43M	USD	Point-in-time
Less: accumulated depreciation, depletion and impairment	`CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities`	$353.03M	USD	Point-in-time
Net oil and natural gas properties capitalized costs	`OilAndGasPropertyFullCostMethodNet`	$697.26M	USD	Point-in-time
Net oil and natural gas properties capitalized costs	`OilAndGasPropertyFullCostMethodNet`	$749.11M	USD	Point-in-time
Net oil and natural gas properties capitalized costs	`OilAndGasPropertyFullCostMethodNet`	$562.11M	USD	Point-in-time
Other property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$225.98M	USD	Point-in-time
Other property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$200.84M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.06M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.29M	USD	Point-in-time
Total assets	`Assets`	$1.12B	USD	Point-in-time
Total assets	`Assets`	$1.02B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$139.16M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$111.80M	USD	Point-in-time
Derivative contracts	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative contracts	`DerivativeLiabilitiesCurrent`	$10.63M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationCurrent`	$25.39M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationCurrent`	$41.02M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.12M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$137.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$198.91M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$37.50M	USD	Point-in-time
Derivative contracts	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Derivative contracts	`DerivativeLiabilitiesNoncurrent`	$3.57M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$34.67M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$36.53M	USD	Point-in-time
Other long-term obligations	`OtherLiabilitiesNoncurrent`	$3.18M	USD	Point-in-time
Other long-term obligations	`OtherLiabilitiesNoncurrent`	$4.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$176.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$279.69M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 250,000 shares authorized; 35,687 issued and outstanding at December 31, 2018 and 35,650 issued and outstanding at December 31, 2017	`CommonStockValue`	$36.00K	USD	Point-in-time
Common stock, $0.001 par value; 250,000 shares authorized; 35,687 issued and outstanding at December 31, 2018 and 35,650 issued and outstanding at December 31, 2017	`CommonStockValue`	$36.00K	USD	Point-in-time
Warrants	`WarrantsAndRightsOutstanding`	$88.52M	USD	Point-in-time
Warrants	`WarrantsAndRightsOutstanding`	$88.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.06B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.04B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-286.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-296.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$839.94M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$847.72M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.12B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.02B	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Accelerated vesting of employment compensation	`EmployeeBenefitsAndShareBasedCompensation`	$6.50M	USD	1 Quarter
Proxy contest	`ProfessionalFeesExpenseIncome`	$7.20M	USD	1 Quarter
Terminated merger costs	`BusinessCombinationAcquisitionRelatedCosts`	$8.20M	USD	1 Quarter
Employee termination benefits	`PostemploymentBenefitsPeriodExpense`	$4.40M	USD	1 Quarter
Employee termination benefits	`PostemploymentBenefitsPeriodExpense`	$31.60M	USD	1 Quarter
Loss (gain) on derivative contracts	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-18.30M	USD	1 Quarter
Loss (gain) on derivative contracts	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$34.20M	USD	1 Quarter
Loss (gain) on derivative contracts	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-11.70M	USD	1 Quarter
Loss (gain) on derivative contracts	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-21.90M	USD	1 Quarter
Loss (gain) on derivative contracts	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-30.10M	USD	1 Quarter
Loss (gain) on derivative contracts	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$23.50M	USD	1 Quarter
Loss (gain) on derivative contracts	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-11.30M	USD	1 Quarter
Loss (gain) on derivative contracts	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$42.60M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$52.85M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$12.43M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-33.69M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-16.27M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$23.35M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-18.23M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$50.78M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-41.97M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$23.50M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-40.89M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-18.76M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$11.71M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-34.07M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$54.18M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-8.48M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$50.81M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.25	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.69	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-1.18	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.53	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.97	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.90	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.54	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.54	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.18	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.53	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.25	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.90	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.97	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.69	USD	1 Quarter

Cash Flow Statement 16 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$23.50M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-40.89M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-18.76M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$11.71M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-34.07M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$54.18M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-8.48M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$50.81M	USD	1 Quarter
Loss (gain) on derivative contracts	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-18.30M	USD	1 Quarter
Loss (gain) on derivative contracts	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$34.20M	USD	1 Quarter
Loss (gain) on derivative contracts	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-11.70M	USD	1 Quarter
Loss (gain) on derivative contracts	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-21.90M	USD	1 Quarter
Loss (gain) on derivative contracts	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-30.10M	USD	1 Quarter
Loss (gain) on derivative contracts	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$23.50M	USD	1 Quarter
Loss (gain) on derivative contracts	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-11.30M	USD	1 Quarter
Loss (gain) on derivative contracts	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$42.60M	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance (in shares)	`CommonStockSharesOutstanding`	35.69M	shares	Point-in-time
Beginning Balance (in shares)	`CommonStockSharesOutstanding`	35.65M	shares	Point-in-time
Net (loss) income	`ProfitLoss`	$23.50M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-40.89M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-18.76M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$11.71M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-34.07M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$54.18M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-8.48M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$50.81M	USD	1 Quarter
Ending Balance (in shares)	`CommonStockSharesOutstanding`	35.69M	shares	Point-in-time
Ending Balance (in shares)	`CommonStockSharesOutstanding`	35.65M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.