|
BALANCE SHEETS (Unaudited) (USD $) In Thousands, unless otherwise specified
|
Mar. 31, 2015
|
Dec. 31, 2014
|
| Current assets: |
|
|
| Cash |
$ 5,547 |
$ 6,544 |
| Accounts receivable – related party |
289 |
0 |
| Income taxes receivable |
12,434 |
12,870 |
| Deferred offering costs |
450 |
15 |
| Deferred income taxes |
40,583 |
46,441 |
| Total current assets |
59,303 |
65,870 |
| Noncurrent assets: |
|
|
| Investment in Linn Energy, LLC |
1,211,478 |
1,302,152 |
| Total noncurrent assets |
1,211,478 |
1,302,152 |
| Total assets |
1,270,781 |
1,368,022 |
| Current liabilities: |
|
|
| Accounts payable |
317 |
1,415 |
| Total current liabilities |
317 |
1,415 |
| Noncurrent liabilities: |
|
|
| Income taxes liability |
7,810 |
7,716 |
| Deferred income taxes |
35,851 |
60,340 |
| Total noncurrent liabilities |
43,661 |
68,056 |
| Shareholders’ equity: |
|
|
| Voting shares; unlimited shares authorized; 1 share issued and outstanding at March 31, 2015, and December 31, 2014 |
1 |
1 |
| Common shares; unlimited shares authorized, 128,544,174 shares issued and outstanding at March 31, 2015, and December 31, 2014 |
3,868,322 |
3,868,322 |
| Additional paid-in capital |
40,704 |
39,294 |
| Accumulated deficit |
(2,682,224) |
(2,609,066) |
| Total shareholders' equity |
1,226,803 |
1,298,551 |
| Total liabilities and shareholders’ equity |
$ 1,270,781 |
$ 1,368,022 |