ATP Oil & Gas Corp.

(ATPG:NASDAQ)LAST $17.94 USDCHANGE TODAY -0.94 -4.98%VOLUME 556.5KATPG On Other Exchanges As of 10:16 AM 10/28/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).Snapshot News Charts Financials Earnings People Ownership Transaction s Options Financial Statements Ratios Pensions & Options SEC Filings  

Financial Statements for ATP Oil & Gas Corp. (ATPG)

Year over year, ATP Oil & Gas Corp. has seen revenues remain relatively flat ($599.3M to $584.8M), though the company was able to grow net income from $48.6M to $121.7M. A reduction in the percentage of sales devoted to selling, general and administrative costs from 7.64% to 7.13% was a key component in the bottom line growth in the face of flat revenues.

Currency inMillions of U.S. Dollars

As of: Jan 022006

Jan 022007Reclassified

Jan 022008Reclassified

Jan 022009

4-YearTrend

Revenues146.7

414.2 599.3584.8

TOTAL REVENUES146.7

414.2 599.3584.8

Cost of Goods Sold 23.6 72.4 91.7 91.2

GROSS PROFIT123.0

341.7 507.6493.6

Selling General & Admin Expenses, Total

30.5 35.2 45.8 41.7

Depreciation & Amortization, Total

63.3 198.8 300.4384.8

Other Operating Expenses 3.2 8.1 8.4 15.5OTHER OPERATING EXPENSES, TOTAL

97.1 242.1 354.6442.0

OPERATING INCOME 25.9 99.6 153.1 51.7Interest Expense -35.7 -58.0 -121.3 -

100.

7Interest and Investment Income

4.1 4.5 7.6 3.5

NET INTEREST EXPENSE -31.7 -53.5 -113.7 -97.3Currency Exchange Gains (Loss)

0.4 -- -- --

Other Non-Operating Income (Expenses)

-- -- -- 89.0

EBT, EXCLUDING UNUSUAL ITEMS

-5.3 46.1 39.4 43.5

Gain (Loss) on Sale of Assets

2.7 -- --119.2

Other Unusual Items, Total -- -22.5 8.6 9.0Insurance Settlements -- 5.6 8.6 33.2Other Unusual Items -- -28.1 -- -24.2EBT, INCLUDING UNUSUAL ITEMS

-2.6 23.7 48.0171.7

Income Tax Expense 0.2 16.8 -0.6 50.0Earnings from Continuing Operations

-2.7 6.9 48.6121.7

NET INCOME -2.7 6.9 48.6121.7

NET INCOME TO COMMON INCLUDING EXTRA ITEMS

-12.6 -39.3 48.6121.7

NET INCOME TO COMMON EXCLUDING EXTRA ITEMS

-12.6 -39.3 48.6121.7

Financial Statements for ATP Oil & Gas Corp. (ATPG)

ATP Oil & Gas Corp. may have more financial risk than other companies in the Oil, Gas and Consumable Fuels industry as it is one of the most highly leveraged. Its Debt to Total Capital ratio stands at 81.20%. Additionally, an examination of near-term assets and liabilities shows that there are not enough liquid assets to satisfy current obligations. Cash Collection is a strong suit as the company is more effective than most in the industry. As of the end of 2008, its uncollected receivables totaled $93.9M, which, at the current sales rate provides a Days Receivables Outstanding of 69.41.

Currency inMillions of U.S. Dollars

As of: Jan 022006

Jan 022007Reclassified

Jan 022008Reclassified

Jan 022009

4-YearTrend

Assets        Cash and Equivalents 65.6 182.6 199.4 215.0TOTAL CASH AND SHORT TERM INVESTMENTS

65.6 182.6 199.4 215.0

Accounts Receivable 83.6 105.0 127.9 93.9TOTAL RECEIVABLES 83.6 105.0 127.9 93.9Deferred Tax Assets, Current

-- 1.1 84.1 39.2

Restricted Cash 12.2 27.5 14.0 --Other Current Assets 4.5 11.1 17.2 27.3

TOTAL CURRENT ASSETS165.8

327.3 442.7 375.4

Gross Property Plant and Equipment

900.5

1,540.4 2,557.82,817.5

Accumulated Depreciation-271.9

-443.7 -726.4 -944.8

NET PROPERTY PLANT AND EQUIPMENT

628.6

1,096.7 1,831.41,872.7

Deferred Tax Assets, Long Term

4.0 -- -- --

Deferred Charges, Long Term

17.9 13.3 19.9 13.5

Other Long-Term Assets 7.4 9.7 13.2 14.1

TOTAL ASSETS823.8

1,447.1 2,307.12,275.6

       LIABILITIES & EQUITY        

Accounts Payable144.7

195.8 270.6 277.9

Current Portion of Long-Term Debt/Capital Lease

12.2 32.7 12.2 10.5

Current Portion of Capital Lease Obligations

8.7 23.7 -- --

Other Current Liabilities, Total

8.4 21.3 63.0 50.5

TOTAL CURRENT LIABILITIES

165.2

249.8 345.8 338.9

Long-Term Debt337.5

1,062.5 1,391.81,356.1

Capital Leases 34.4 -- -- --Unearned Revenue, Non-Current

-- -- -- 59.2

Deferred Tax Liability Non-Current

-- 11.8 85.3 102.0

Other Non-Current Liabilities

69.1 87.1 174.4 103.0

TOTAL LIABILITIES606.3

1,411.1 1,997.31,959.3

TOTAL PREFERRED EQUITY

184.9

-- -- --

Common Stock 0.0 0.0 0.0 0.0

Additional Paid in Capital149.3

151.5 388.3 400.3

Retained Earnings-101.3

-140.7 -92.1 29.6

Treasury Stock -0.9 -0.9 -0.9 -0.9Comprehensive Income and Other

-14.4 26.0 14.6 -112.8

TOTAL COMMON EQUITY 32.7 35.9 309.9 316.3

TOTAL EQUITY217.5

35.9 309.9 316.3

TOTAL LIABILITIES AND EQUITY

823.8

1,447.1 2,307.12,275.6

Financial Statements for ATP Oil & Gas Corp. (ATPG)

Currency inMillions of U.S. Dollars

As of: Jan 022006

Jan 022007Reclassified

Jan 022008Reclassified

Jan 022009

4-YearTrend

NET INCOME -2.7 6.9 48.6 121.7Depreciation & Amortization

64.1 169.7 247.4 246.4

Amortization of Goodwill and Intangible Assets

3.2 8.1 12.1 15.6

Impairment of Oil, Gas, & Mineral Properties

-- 19.5 34.3 125.1

DEPRECIATION & AMORTIZATION, TOTAL

67.3 197.3 293.8 387.1

Amortization of Deferred Charges

4.2 -- -- --

(Gain) Loss from Sale of Asset

-2.7 -- -- -119.2

Other Operating Activities1.9 50.7 34.3 65.3Change in Accounts Receivable

-43.1 -24.9 -42.8 32.5

Change in Accounts Payable

23.2 20.4 -2.2 49.7

Change in Other Working Capital

-4.5 -3.3 -9.5 -2.0

CASH FROM OPERATIONS 43.6 258.5 329.4 547.0Capital Expenditure -

421.-577.4 -849.8 -917.7

4Sale of Property, Plant, and Equipment

19.8 -- 0.7 471.8

CASH FROM INVESTING-414.1

-590.7 -835.1 -432.0

Long-Term Debt Issued176.9

728.5 574.51,639.8

TOTAL DEBT ISSUED176.9

728.5 574.51,639.8

Long Term Debt Repaid -4.8 -25.3 -268.2-1,680.2

TOTAL DEBT REPAID -4.8 -25.3 -268.2-1,680.2

Issuance of Common Stock

4.5 5.0 229.7 0.0

Other Financing Activities -10.5 -24.6 -14.1 -28.9

CASH FROM FINANCING335.5

448.0 521.8 -69.3

Foreign Exchange Rate Adjustments

-2.2 1.2 0.8 -30.1

NET CHANGE IN CASH -37.2 117.0 16.9 15.5