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10-K Filing

W&T OFFSHORE INC CIK: 1288403 FY 2015
Filing Information
Form Type 10-K
Accession Number 0001564590-16-014291
Period End Date 20151231
Filing Date 20160309
Fiscal Year 2015
Fiscal Period FY
XBRL Instance wti-20151231.xml
Filing Contents
Balance Sheet 18 line items
Line Item Tag Value Unit Period
Oil and natural gas properties and equipment - full cost method, amount excluded from amortization ValueOfPropertiesOtherThanThatAttributableToProvedReserves $109.82M USD Point-in-time
Oil and natural gas properties and equipment - full cost method, amount excluded from amortization ValueOfPropertiesOtherThanThatAttributableToProvedReserves $18.59M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare - USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare - USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 20.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 20.00M shares Point-in-time
Preferred stock, issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, issued PreferredStockSharesIssued 0.00 shares Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare - USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare - USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 118.33M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 118.33M shares Point-in-time
Common stock, issued CommonStockSharesIssued 78.77M shares Point-in-time
Common stock, issued CommonStockSharesIssued 79.38M shares Point-in-time
Common stock, outstanding CommonStockSharesOutstanding 76.51M shares Point-in-time
Common stock, outstanding CommonStockSharesOutstanding 75.90M shares Point-in-time
Treasury stock, shares TreasuryStockShares 2.87M shares Point-in-time
Treasury stock, shares TreasuryStockShares 2.87M shares Point-in-time
Income Statement 90 line items
Line Item Tag Value Unit Period
Revenues Revenues $127.91M USD 1 Quarter
Revenues Revenues $262.99M USD 1 Quarter
Revenues Revenues $984.09M USD Annual
Revenues Revenues $126.23M USD 1 Quarter
Revenues Revenues $149.07M USD 1 Quarter
Revenues Revenues $104.06M USD 1 Quarter
Revenues Revenues $254.52M USD 1 Quarter
Revenues Revenues $948.71M USD Annual
Revenues Revenues $196.68M USD 1 Quarter
Revenues Revenues $234.52M USD 1 Quarter
Revenues Revenues $507.26M USD Annual
Lease operating expenses LeaseOperatingExpense $264.75M USD Annual
Lease operating expenses LeaseOperatingExpense $192.76M USD Annual
Lease operating expenses LeaseOperatingExpense $270.84M USD Annual
Production taxes ProductionTaxExpense $3.00M USD Annual
Production taxes ProductionTaxExpense $7.93M USD Annual
Production taxes ProductionTaxExpense $7.13M USD Annual
Gathering and transportation GasGatheringTransportationMarketingAndProcessingCosts $17.51M USD Annual
Gathering and transportation GasGatheringTransportationMarketingAndProcessingCosts $19.82M USD Annual
Gathering and transportation GasGatheringTransportationMarketingAndProcessingCosts $17.16M USD Annual
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $490.47M USD Annual
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $430.61M USD Annual
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $373.37M USD Annual
Asset retirement obligations accretion AssetRetirementObligationAccretionExpense $20.63M USD Annual
Asset retirement obligations accretion AssetRetirementObligationAccretionExpense $20.92M USD Annual
Asset retirement obligations accretion AssetRetirementObligationAccretionExpense $20.70M USD Annual
Ceiling test write-down of oil and natural gas properties ImpairmentOfOilAndGasProperties $260.40M USD 1 Quarter
Ceiling test write-down of oil and natural gas properties ImpairmentOfOilAndGasProperties $252.80M USD 1 Quarter
Ceiling test write-down of oil and natural gas properties ImpairmentOfOilAndGasProperties $32.40M USD 1 Quarter
Ceiling test write-down of oil and natural gas properties ImpairmentOfOilAndGasProperties - USD Annual
Ceiling test write-down of oil and natural gas properties ImpairmentOfOilAndGasProperties $987.24M USD Annual
Ceiling test write-down of oil and natural gas properties ImpairmentOfOilAndGasProperties $441.60M USD 1 Quarter
Ceiling test write-down of oil and natural gas properties ImpairmentOfOilAndGasProperties - USD Annual
General and administrative expenses GeneralAndAdministrativeExpense $87.00M USD Annual
General and administrative expenses GeneralAndAdministrativeExpense $73.11M USD Annual
General and administrative expenses GeneralAndAdministrativeExpense $81.87M USD Annual
Derivative (gain) loss GainLossOnDerivativeInstrumentsNetPretax $14.38M USD Annual
Derivative (gain) loss GainLossOnDerivativeInstrumentsNetPretax $3.96M USD Annual
Derivative (gain) loss GainLossOnDerivativeInstrumentsNetPretax $-8.47M USD Annual
Total costs and expenses CostsAndExpenses $837.36M USD Annual
Total costs and expenses CostsAndExpenses $1.65B USD Annual
Total costs and expenses CostsAndExpenses $886.64M USD Annual
Operating income (loss) OperatingIncomeLoss $-337.51M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-468.57M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-278.81M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $20.98M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-30.54M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-1.15B USD Annual
Operating income (loss) OperatingIncomeLoss $37.23M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $62.07M USD Annual
Operating income (loss) OperatingIncomeLoss $146.73M USD Annual
Operating income (loss) OperatingIncomeLoss $-60.82M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $34.40M USD 1 Quarter
Incurred InterestCostsIncurred $86.92M USD Annual
Incurred InterestCostsIncurred $85.64M USD Annual
Incurred InterestCostsIncurred $104.59M USD Annual
Capitalized InterestCostsCapitalizedAdjustment $10.06M USD Annual
Capitalized InterestCostsCapitalizedAdjustment $8.53M USD Annual
Capitalized InterestCostsCapitalizedAdjustment $7.26M USD Annual
Other (income) expense, net OtherNonoperatingIncomeExpense $208.00K USD Annual
Other (income) expense, net OtherNonoperatingIncomeExpense $8.95M USD Annual
Other (income) expense, net OtherNonoperatingIncomeExpense $-4.66M USD Annual
Income (loss) before income tax expense (benefit) IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $80.10M USD Annual
Income (loss) before income tax expense (benefit) IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-16.12M USD Annual
Income (loss) before income tax expense (benefit) IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-1.25B USD Annual
Income tax expense (benefit) IncomeTaxExpenseBenefit $-202.98M USD Annual
Income tax expense (benefit) IncomeTaxExpenseBenefit $-4.46M USD Annual
Income tax expense (benefit) IncomeTaxExpenseBenefit $28.77M USD Annual
Net income (loss) NetIncomeLoss $-51.61M USD 1 Quarter
Net income (loss) NetIncomeLoss $11.19M USD 1 Quarter
Net income (loss) NetIncomeLoss $-260.45M USD 1 Quarter
Net income (loss) NetIncomeLoss $-477.57M USD 1 Quarter
Net income (loss) NetIncomeLoss $-11.66M USD Annual
Net income (loss) NetIncomeLoss $51.32M USD Annual
Net income (loss) NetIncomeLoss $9.84M USD 1 Quarter
Net income (loss) NetIncomeLoss $-255.09M USD 1 Quarter
Net income (loss) NetIncomeLoss $-1.04B USD Annual
Net income (loss) NetIncomeLoss $-33.37M USD 1 Quarter
Net income (loss) NetIncomeLoss $684.00K USD 1 Quarter
Basic and diluted earnings (loss) per common share EarningsPerShareBasicAndDiluted $-3.43 USD 1 Quarter
Basic and diluted earnings (loss) per common share EarningsPerShareBasicAndDiluted $-0.68 USD 1 Quarter
Basic and diluted earnings (loss) per common share EarningsPerShareBasicAndDiluted $-0.16 USD Annual
Basic and diluted earnings (loss) per common share EarningsPerShareBasicAndDiluted $0.13 USD 1 Quarter
Basic and diluted earnings (loss) per common share EarningsPerShareBasicAndDiluted $-13.76 USD Annual
Basic and diluted earnings (loss) per common share EarningsPerShareBasicAndDiluted $0.01 USD 1 Quarter
Basic and diluted earnings (loss) per common share EarningsPerShareBasicAndDiluted $-0.44 USD 1 Quarter
Basic and diluted earnings (loss) per common share EarningsPerShareBasicAndDiluted $0.15 USD 1 Quarter
Basic and diluted earnings (loss) per common share EarningsPerShareBasicAndDiluted $-3.36 USD 1 Quarter
Basic and diluted earnings (loss) per common share EarningsPerShareBasicAndDiluted $0.68 USD Annual
Basic and diluted earnings (loss) per common share EarningsPerShareBasicAndDiluted $-6.29 USD 1 Quarter
Cash Flow Statement 101 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $-51.61M USD 1 Quarter
Net income (loss) NetIncomeLoss $11.19M USD 1 Quarter
Net income (loss) NetIncomeLoss $-260.45M USD 1 Quarter
Net income (loss) NetIncomeLoss $-477.57M USD 1 Quarter
Net income (loss) NetIncomeLoss $-11.66M USD Annual
Net income (loss) NetIncomeLoss $51.32M USD Annual
Net income (loss) NetIncomeLoss $9.84M USD 1 Quarter
Net income (loss) NetIncomeLoss $-255.09M USD 1 Quarter
Net income (loss) NetIncomeLoss $-1.04B USD Annual
Net income (loss) NetIncomeLoss $-33.37M USD 1 Quarter
Net income (loss) NetIncomeLoss $684.00K USD 1 Quarter
Depreciation, depletion, amortization and accretion DepreciationAmortizationAndAccretionNet $451.53M USD Annual
Depreciation, depletion, amortization and accretion DepreciationAmortizationAndAccretionNet $394.07M USD Annual
Depreciation, depletion, amortization and accretion DepreciationAmortizationAndAccretionNet $511.10M USD Annual
Ceiling test write-down of oil and natural gas properties ImpairmentOfOilAndGasProperties $260.40M USD 1 Quarter
Ceiling test write-down of oil and natural gas properties ImpairmentOfOilAndGasProperties $252.80M USD 1 Quarter
Ceiling test write-down of oil and natural gas properties ImpairmentOfOilAndGasProperties $32.40M USD 1 Quarter
Ceiling test write-down of oil and natural gas properties ImpairmentOfOilAndGasProperties - USD Annual
Ceiling test write-down of oil and natural gas properties ImpairmentOfOilAndGasProperties $987.24M USD Annual
Ceiling test write-down of oil and natural gas properties ImpairmentOfOilAndGasProperties $441.60M USD 1 Quarter
Ceiling test write-down of oil and natural gas properties ImpairmentOfOilAndGasProperties - USD Annual
Debt issuance costs write-down/amortization of debt items AmortizationOfFinancingCostsAndDiscounts $4.41M USD Annual
Debt issuance costs write-down/amortization of debt items AmortizationOfFinancingCostsAndDiscounts $701.00K USD Annual
Debt issuance costs write-down/amortization of debt items AmortizationOfFinancingCostsAndDiscounts $1.65M USD Annual
Share-based compensation ShareBasedCompensation $10.24M USD Annual
Share-based compensation ShareBasedCompensation $14.74M USD Annual
Share-based compensation ShareBasedCompensation $11.53M USD Annual
Derivative (gain) loss GainLossOnDerivativeInstrumentsNetPretax $14.38M USD Annual
Derivative (gain) loss GainLossOnDerivativeInstrumentsNetPretax $3.96M USD Annual
Derivative (gain) loss GainLossOnDerivativeInstrumentsNetPretax $-8.47M USD Annual
Cash receipts (payments) on derivative settlements, net CashPaymentsReceiptsOnDerivativeSettlements $5.32M USD Annual
Cash receipts (payments) on derivative settlements, net CashPaymentsReceiptsOnDerivativeSettlements $8.59M USD Annual
Cash receipts (payments) on derivative settlements, net CashPaymentsReceiptsOnDerivativeSettlements $-6.70M USD Annual
Deferred income taxes DeferredIncomeTaxExpenseBenefit $30.92M USD Annual
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-203.27M USD Annual
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-4.76M USD Annual
Oil and natural gas receivables IncreaseDecreaseInAccountsReceivable $-29.51M USD Annual
Oil and natural gas receivables IncreaseDecreaseInAccountsReceivable $-980.00K USD Annual
Oil and natural gas receivables IncreaseDecreaseInAccountsReceivable $-32.24M USD Annual
Joint interest and other receivables IncreaseDecreaseInOtherReceivables $-21.63M USD Annual
Joint interest and other receivables IncreaseDecreaseInOtherReceivables $-34.26M USD Annual
Joint interest and other receivables IncreaseDecreaseInOtherReceivables $4.25M USD Annual
Income taxes IncreaseDecreaseInIncomeTaxes $44.33M USD Annual
Income taxes IncreaseDecreaseInIncomeTaxes $-7.00K USD Annual
Income taxes IncreaseDecreaseInIncomeTaxes $3.14M USD Annual
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $10.04M USD Annual
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-15.01M USD Annual
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-17.82M USD Annual
Asset retirement obligation settlements AssetRetirementObligationCashPaidToSettle $74.31M USD Annual
Asset retirement obligation settlements AssetRetirementObligationCashPaidToSettle $32.55M USD Annual
Asset retirement obligation settlements AssetRetirementObligationCashPaidToSettle $81.54M USD Annual
Accounts payable, accrued liabilities and other IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $27.91M USD Annual
Accounts payable, accrued liabilities and other IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-46.87M USD Annual
Accounts payable, accrued liabilities and other IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $4.03M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $473.97M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $132.55M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $562.71M USD Annual
Acquisition of property interest in oil and natural gas properties PaymentsToAcquireOilAndGasPropertyAndEquipment $82.42M USD Annual
Acquisition of property interest in oil and natural gas properties PaymentsToAcquireOilAndGasPropertyAndEquipment $72.23M USD Annual
Investment in oil and natural gas properties and equipment PaymentsToExploreAndDevelopOilAndGasProperties $554.38M USD Annual
Investment in oil and natural gas properties and equipment PaymentsToExploreAndDevelopOilAndGasProperties $551.95M USD Annual
Investment in oil and natural gas properties and equipment PaymentsToExploreAndDevelopOilAndGasProperties $230.16M USD Annual
Changes in operating assets and liabilities associated with investing activities IncreaseDecreaseInOperatingCapitalAssociatedWithInvestingActivities $1.35M USD Annual
Changes in operating assets and liabilities associated with investing activities IncreaseDecreaseInOperatingCapitalAssociatedWithInvestingActivities $55.42M USD Annual
Changes in operating assets and liabilities associated with investing activities IncreaseDecreaseInOperatingCapitalAssociatedWithInvestingActivities $-37.45M USD Annual
Net proceeds from sales of assets ProceedsFromSalesOfAssetsInvestingActivities $372.94M USD Annual
Net proceeds from sales of assets ProceedsFromSalesOfAssetsInvestingActivities $21.01M USD Annual
Purchases of furniture, fixtures and other PaymentsToAcquireFurnitureAndFixtures $1.44M USD Annual
Purchases of furniture, fixtures and other PaymentsToAcquireFurnitureAndFixtures $3.34M USD Annual
Purchases of furniture, fixtures and other PaymentsToAcquireFurnitureAndFixtures $1.28M USD Annual
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-592.50M USD Annual
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $86.08M USD Annual
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-616.15M USD Annual
Borrowings of long-term debt - revolving bank credit facility ProceedsFromLongTermLinesOfCredit $563.00M USD Annual
Borrowings of long-term debt - revolving bank credit facility ProceedsFromLongTermLinesOfCredit $263.00M USD Annual
Borrowings of long-term debt - revolving bank credit facility ProceedsFromLongTermLinesOfCredit $556.00M USD Annual
Repayments of long-term debt - revolving bank credit facility RepaymentsOfLongTermLinesOfCredit $710.00M USD Annual
Repayments of long-term debt - revolving bank credit facility RepaymentsOfLongTermLinesOfCredit $443.00M USD Annual
Repayments of long-term debt - revolving bank credit facility RepaymentsOfLongTermLinesOfCredit $399.00M USD Annual
Issuance of 9.00% Term Loan ProceedsFromIssuanceOfSubordinatedLongTermDebt $297.00M USD Annual
Debt issuance costs PaymentsOfDebtIssuanceCosts $6.67M USD Annual
Debt issuance costs PaymentsOfDebtIssuanceCosts $3.89M USD Annual
Dividends to shareholders PaymentsOfDividends $58.85M USD Annual
Dividends to shareholders PaymentsOfDividends $30.26M USD Annual
Other ProceedsFromPaymentsForOtherFinancingActivities $-345.00K USD Annual
Other ProceedsFromPaymentsForOtherFinancingActivities $-212.00K USD Annual
Other ProceedsFromPaymentsForOtherFinancingActivities $-260.00K USD Annual
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $57.00M USD Annual
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $126.39M USD Annual
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-156.88M USD Annual
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $3.56M USD Annual
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $7.87M USD Annual
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $61.75M USD Annual
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $23.67M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $85.41M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $15.80M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $12.24M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $23.67M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $85.41M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $15.80M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $12.24M USD Point-in-time
Stockholders Equity 28 line items
Line Item Tag Value Unit Period
Beginning Balances StockholdersEquity $540.61M USD Point-in-time
Beginning Balances StockholdersEquity $541.19M USD Point-in-time
Beginning Balances StockholdersEquity $509.31M USD Point-in-time
Beginning Balances StockholdersEquity $-526.49M USD Point-in-time
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $10.24M USD Annual
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $14.74M USD Annual
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $11.53M USD Annual
RSUs and shares surrendered for payroll taxes, value AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $848.00K USD Annual
RSUs and shares surrendered for payroll taxes, value AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $2.37M USD Annual
RSUs and shares surrendered for payroll taxes, value AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $674.00K USD Annual
Other StockholdersEquityOther $-3.28M USD Annual
Other StockholdersEquityOther $-2.21M USD Annual
Other StockholdersEquityOther $-649.00K USD Annual
Net income (loss) NetIncomeLoss $-51.61M USD 1 Quarter
Net income (loss) NetIncomeLoss $11.19M USD 1 Quarter
Net income (loss) NetIncomeLoss $-260.45M USD 1 Quarter
Net income (loss) NetIncomeLoss $-477.57M USD 1 Quarter
Net income (loss) NetIncomeLoss $-11.66M USD Annual
Net income (loss) NetIncomeLoss $51.32M USD Annual
Net income (loss) NetIncomeLoss $9.84M USD 1 Quarter
Net income (loss) NetIncomeLoss $-255.09M USD 1 Quarter
Net income (loss) NetIncomeLoss $-1.04B USD Annual
Net income (loss) NetIncomeLoss $-33.37M USD 1 Quarter
Net income (loss) NetIncomeLoss $684.00K USD 1 Quarter
Ending Balances StockholdersEquity $540.61M USD Point-in-time
Ending Balances StockholdersEquity $541.19M USD Point-in-time
Ending Balances StockholdersEquity $509.31M USD Point-in-time
Ending Balances StockholdersEquity $-526.49M USD Point-in-time

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

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