| Address:
|
700 MILAM STREET
SUITE 3100 |
| City: |
HOUSTON |
|
State: |
TX |
|
Zip Code: |
77002 |
| Telephone: |
713-579-6000 |
|
Description of Business
|
Primary SIC Code:
1311 |
| (As filed with the SEC)
|
|
|
Plains Exploration & Production Company, a Delaware corporation formed in 2002,
is an independent energy company engaged in the upstream oil and gas business.
The upstream business acquires, develops, explores for and produces oil and gas.
Our upstream activities are located in the United States. We own oil and gas
properties with principal operations in:
. Onshore California;
. Offshore California;
. the Gulf Coast Region;
. the Mid-Continent Region; and
. the Rocky Mountains.
Assets in our principal focus areas include mature properties with long-lived
reserves and significant development opportunities, as well as newer properties
with development and exploration potential. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.61 | NA | 37.23 | | 06/2011 | 1.37 | NA | 27.82 | | 03/2011 | 0.81 | NA | 44.73 | | 12/2010 | 0.73 | NA | 44.03 | | 09/2010 | 1.23 | NA | 21.68 | | 06/2010 | 1.39 | NA | 14.83 | | 03/2010 | 1.45 | NA | 20.68 | | 12/2009 | 1.09 | NA | 25.38 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.03 | Total Liab/Total Assets | 0.62 | | Net Inc/Total Assets | 0.01 | Total Liab/Inv Cap | 0.66 | | Net Inc/Inv Cap | 0.01 | Total Liab/Comm Equity | 1.70 | | Pretax Inc/Net Sales | 0.13 | Interest Coverage Ratio | 2.91 | | Net Inc/Net Sales | 0.07 | Curr Debt/Equity | 0.02 | | Cash Flow/Net Sales | 0.59 | LTD/Equity | 0.99 | | SG&A/NetSales | 0.10 | Total Debt/Equity | 1.00 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 5.13 | Quick Ratio | 0.71 | | Inventory Turnover | 19.06 | Current Ratio | 0.75 | | Inventory Day Sales | 0.05 | Net Rec/Curr Assets | 0.85 | | Net Sales/Work Cap | -11.81 | Inv/Curr Assets | 0.06 | | Net Sales/PP&E | 0.21 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
501.85
|
514.79
|
430.31
|
408.13
|
|
Cost of Goods Sold
|
122.35
|
126.22
|
110.48
|
113.70
|
|
Selling & Admin Exps
|
38.74
|
47.40
|
47.25
|
43.41
|
|
Operating Income
|
168.55
|
186.10
|
133.79
|
92.55
|
|
Interest Exp
|
43.50
|
37.24
|
32.40
|
31.11
|
|
Pretax Income
|
-143.48
|
212.07
|
118.20
|
-22.34
|
|
Other Income
|
-268.54
|
63.22
|
16.81
|
-83.79
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-88.30
|
124.89
|
70.98
|
-19.49
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
11.46
|
5.33
|
3.64
|
6.43
|
|
Receivables - Total
|
299.79
|
316.42
|
344.58
|
343.11
|
|
Inventories - Total
|
26.06
|
27.17
|
22.10
|
24.41
|
|
Total Current Assets
|
405.07
|
376.32
|
392.85
|
402.89
|
|
Net Property, Plant & Equipment
|
8,175.07
|
7,821.89
|
7,488.12
|
7,220.75
|
|
Total Assets
|
9,583.99
|
9,584.44
|
9,224.03
|
8,894.94
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
535.07
|
456.51
|
443.01
|
404.75
|
|
Debt in Current Liabilities
|
4.23
|
59.79
|
81.42
|
52.97
|
|
Total Current Liabilities
|
617.07
|
590.63
|
608.56
|
533.69
|
|
Long-Term Debt
|
3,783.94
|
3,637.45
|
3,451.13
|
3,344.72
|
|
Total Liabilities
|
6,067.20
|
5,991.58
|
5,768.30
|
5,511.97
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
1.44
|
1.44
|
1.44
|
1.44
|
|
Retained Earnings
|
240.29
|
328.62
|
204.28
|
148.62
|
|
Treasury Stock
|
-148.00
|
-148.06
|
-149.68
|
-194.96
|
|
Total Stockholders' Equity
|
3,516.78
|
3,592.86
|
3,455.73
|
3,382.97
|
|
Total Liabilities and Stockholders' Equity
|
9,583.99
|
9,584.44
|
9,224.03
|
8,894.94
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
345.23
|
287.46
|
289.96
|
235.30
|
|
Net Cash Provided by Investing Activities
|
-484.10
|
-468.52
|
-388.69
|
-780.60
|
|
Net Cash Provided by Financing Activities
|
145.01
|
182.75
|
95.94
|
540.03
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 1,018.50 | 597.53 | 7.67 | | 12/2007 | 1,272.84 | 158.75 | 1.99 | | 12/2008 | 2,403.47 | -709.09 | -6.52 | | 12/2009 | 1,187.13 | 136.30 | 1.09 | | 12/2010 | 1,544.60 | 103.26 | 0.73 | | Growth Rates | 10.97 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 346 | 121,336 | 86.05 |
|
Report Date :
2/6/2012
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