FAR EAST ENERGY CORP
Energy · Crude Petroleum & Natural Gas · NV · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY13 | FY12 | FY11 | FY10 | |
|---|---|---|---|---|
| Revenue | $1.6M | $1.6M | $858,000 | — |
| Operating income | −$21.4M | −$22.4M | −$19.7M | −$14.7M |
| Net income | −$34.0M | −$27.2M | −$21.2M | −$16.2M |
| Total assets | $125.1M | $75.1M | $95.8M | $79.3M |
| Total liabilities | $129.5M | $49.0M | — | — |
| Equity | −$4.4M | $26.1M | $52.2M | $49.1M |
| EPS (diluted) | — | — | — | — |
| Shares out. | 346.4M | 344.6M | 34.1M | 291.2M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2013- Operating margin
- −1351.1%
- Net margin
- −2144.4%
- Return on equity
- 778.6%
- Return on assets
- −27.2%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 103.5%
- Debt / equity
- —
- Book value / share
- $-0.01
- Revenue growth (YoY)
- −3.5%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2013- Altman Z″ (distress)
- -11.64distress
- Accruals / assets
- −10.5%clean
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 5 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Apr 1, 2015
- NT 10-Kmissed a reporting deadline ↗Mar 17, 2014
- NT 10-Kmissed a reporting deadline ↗Mar 16, 2009
- NT 10-Qmissed a reporting deadline ↗Nov 9, 2004
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2004
- NT 10-Qmissed a reporting deadline ↗Nov 17, 2003
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Huff Bruce NOfficer — Chief Financial Officer | Apr 25, 2013 | Tax withholding | 18,803 | $0.06 |
| Mcelwrath Michael ROfficer — President and CEO | Mar 4, 2013 | Buy | 477,300 | $0.08 |
| Mihm John CDirector | Feb 5, 2013 | Buy | 500,000 | $0.11 |
| Williams Thomas EDirector | Jan 31, 2013 | Grant | 100,000 | $0.00 |
| Mihm John CDirector | Jan 31, 2013 | Grant | 100,000 | $0.00 |
| Anderson William AlbionDirector | Jan 31, 2013 | Grant | 100,000 | $0.00 |
| Morrison Lucian LDirector | Jan 31, 2013 | Grant | 100,000 | $0.00 |
| Juckett DonaldDirector | Jan 31, 2013 | Grant | 100,000 | $0.00 |
| Chiang C.P.Director | Jan 31, 2013 | Grant | 100,000 | $0.00 |
| Mcelwrath Michael ROfficer — President and CEO | Jan 31, 2013 | Grant | 400,000 | $0.00 |
| Huff Bruce NOfficer — Chief Financial Officer | Feb 1, 2013 | Buy | 177,500 | $0.10 |
| Mcelwrath Michael ROfficer — President and CEO | Feb 1, 2013 | Buy | 400,000 | $0.12 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Bankruptcy or receivership · Debt acceleration / triggering event · Director / officer changeNov 10, 2015
- Entered a material agreementOct 7, 2015
- Entered a material agreement · New financial obligationSep 30, 2015
- Entered a material agreementSep 11, 2015
- Entered a material agreementJul 20, 2015
- Entered a material agreementJul 2, 2015
- Entered a material agreement · New financial obligationJun 29, 2015
- Entered a material agreementJun 2, 2015
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- REVOKEDFeb 6, 2017
- 8-KFORM 8-KNov 10, 2015
- 8-KFORM 8-KOct 7, 2015
- 8-KCURRENT REPORTSep 30, 2015
- 8-KFORM 8-KSep 11, 2015
- 8-KFORM 8-KJul 20, 2015
- 8-KFORM 8-KJul 2, 2015
- 8-KFORM 8-KJun 29, 2015
- 8-KFORM 8-KJun 2, 2015
- 8-KFORM 8-KMay 28, 2015
- 8-KFORM 8-KMay 1, 2015
- 8-KFORM 8-KApr 9, 2015
- NT 10-KFORM NT 10-KApr 1, 2015
- 8-KApr 1, 2015
- 8-KFORM 8-KMar 18, 2015
Event-driven situations (1)
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