WILLBROS GROUP, INC.NEW Financial Statements (2026 and earlier)
Company Profile
| Business Address |
4400 POST OAK PARKWAY, SUITE 1000 HOUSTON, TX 77027 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2018 Q1 | 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 33,472 | 31,294 | 41,249 | 36,693 | 41,420 | 42,259 | |||
| Cash and cash equivalent | 33,472 | 31,294 | 41,249 | 36,693 | 41,420 | 42,259 | |||
| Receivables | 142,192 | 156,589 | 130,109 | 111,189 | 112,037 | 128,008 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,152 | 908 | 1,086 | 1,005 | 800 | 1,259 | |||
| Inventory | 1,152 | 908 | 1,086 | 1,005 | 800 | 1,259 | |||
| Disposal group, including discontinued operation | 324 | 505 | 143 | ||||||
| Asset, held-for-sale, not part of disposal group | 1,804 | 9,050 | 16 | ||||||
| Costs in excess of billings | ✕ | 13,992 | 26,466 | 22,421 | 17,116 | 11,938 | 16,875 | ||
| Other undisclosed current assets | 20,760 | 31,335 | 28,806 | 36,892 | 18,416 | 19,488 | |||
| Total current assets: | 213,696 | 246,592 | 223,671 | 202,895 | 194,166 | 208,048 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 30,113 | 31,915 | 33,974 | 35,520 | 38,123 | 41,427 | |||
| Intangible assets, net (including goodwill) | 67,181 | 69,598 | 72,014 | 74,431 | 76,848 | 79,547 | |||
| Intangible assets, net (excluding goodwill) | 67,181 | 69,598 | 72,014 | 74,431 | 76,848 | 79,547 | |||
| Restricted cash and investments | 40,367 | 40,333 | 40,228 | 40,191 | 40,206 | 41,319 | |||
| Other noncurrent assets | 12,520 | 11,706 | 11,835 | 12,900 | 13,378 | 12,487 | |||
| Deferred tax assets, net | 315 | ||||||||
| Other undisclosed noncurrent assets | 409 | 386 | 348 | ||||||
| Total noncurrent assets: | 150,181 | 153,961 | 158,437 | 163,390 | 168,870 | 174,780 | |||
| TOTAL ASSETS: | 363,877 | 400,553 | 382,108 | 366,285 | 363,036 | 382,828 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 138,161 | 147,327 | 113,792 | 93,788 | 83,488 | 94,365 | |||
| Taxes payable | 310 | 310 | 315 | 391 | 311 | 2,465 | |||
| Employee-related liabilities | 12,185 | 17,424 | 13,974 | 13,535 | 10,377 | 13,594 | |||
| Accounts payable | 54,414 | 64,243 | 60,565 | 38,246 | 34,770 | 40,741 | |||
| Accrued liabilities | 18,715 | 23,004 | 19,094 | 21,193 | 22,501 | 22,253 | |||
| Other undisclosed accounts payable and accrued liabilities | 52,537 | 42,346 | 19,844 | 20,423 | 15,529 | 15,312 | |||
| Debt | 12,000 | 831 | |||||||
| Provision for loss on contracts | 12,200 | 4,200 | |||||||
| Disposal group, including discontinued operation | 100 | 3,792 | 1,553 | ||||||
| Other liabilities | 6,056 | 6,002 | 5,835 | 6,004 | 6,253 | 5,636 | |||
| Other undisclosed current liabilities | 141,063 | 20,443 | 20,011 | 27,347 | 11,310 | 8,954 | |||
| Total current liabilities: | 297,580 | 189,972 | 139,638 | 127,139 | 104,843 | 111,339 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 88,927 | 88,179 | 87,466 | 89,189 | 87,841 | ||||
| Long-term debt, excluding current maturities | 88,927 | 88,179 | 87,466 | 89,189 | 87,841 | ||||
| Liabilities, other than long-term debt | 33,986 | 35,359 | 35,667 | 33,066 | 33,867 | 34,674 | |||
| Deferred tax liabilities, net | 665 | ||||||||
| Disposal group, including discontinued operation, liabilities | 893 | 1,035 | 824 | 910 | 995 | 1,106 | |||
| Other liabilities | 33,093 | 34,324 | 34,843 | 32,156 | 32,872 | 32,903 | |||
| Other undisclosed noncurrent liabilities | 603 | ||||||||
| Total noncurrent liabilities: | 34,589 | 124,286 | 123,846 | 120,532 | 123,056 | 122,515 | |||
| Total liabilities: | 332,169 | 314,258 | 263,484 | 247,671 | 227,899 | 233,854 | |||
| Equity | |||||||||
| Equity, attributable to parent | 31,708 | 86,295 | 118,624 | 118,614 | 135,137 | 148,974 | |||
| Common stock | 3,271 | 3,268 | 3,267 | 3,233 | 3,226 | 3,224 | |||
| Treasury stock, value | (15,702) | (15,679) | (15,641) | (15,285) | (15,137) | (15,092) | |||
| Additional paid in capital | 752,117 | 751,382 | 750,796 | 750,202 | 749,303 | 748,447 | |||
| Accumulated other comprehensive loss | (1,862) | (1,581) | (2,908) | (3,748) | (4,234) | (3,787) | |||
| Accumulated deficit | (706,116) | (651,095) | (616,890) | (615,788) | (598,021) | (583,818) | |||
| Total equity: | 31,708 | 86,295 | 118,624 | 118,614 | 135,137 | 148,974 | |||
| TOTAL LIABILITIES AND EQUITY: | 363,877 | 400,553 | 382,108 | 366,285 | 363,036 | 382,828 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2018 Q1 | 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 217,863 | 240,773 | 227,447 | 163,900 | 164,392 | 174,821 | ||
| Cost of revenue | (249,190) | (252,961) | (210,368) | (162,871) | (162,532) | (162,806) | ||
| Cost of product and service sold | (249,190) | (252,961) | (210,368) | (162,219) | (159,067) | (162,806) | ||
| Other undisclosed gross profit | 6,210 | |||||||
| Gross profit: | (31,327) | (12,188) | 17,079 | 1,029 | 8,070 | 12,015 | ||
| Operating expenses | (15,504) | (15,601) | (16,721) | (15,882) | (14,000) | (18,334) | ||
| Other undisclosed operating loss | (2,226) | (6,210) | ||||||
| Operating income (loss): | (49,057) | (27,789) | 358 | (14,853) | (12,140) | (6,319) | ||
| Nonoperating income (expense) | (16,307) | 29 | (9) | (3,483) | (3,598) | (3,550) | ||
| Investment income, nonoperating | 8 | 7 | 8 | 12 | ||||
| Other nonoperating income (expense) | 21 | (16) | (3) | 2 | ||||
| Interest and debt expense | (5,045) | (3,817) | (3,667) | (3,488) | (3,564) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 16,017 | 3,564 | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (54,392) | (31,577) | (3,318) | (21,824) | (15,738) | (9,869) | ||
| Other undisclosed income from continuing operations before income taxes | 3,488 | |||||||
| Loss from continuing operations before income taxes: | (54,392) | (31,577) | (3,318) | (18,336) | (15,738) | (9,869) | ||
| Income tax expense (benefit) | (701) | (1,132) | 2,197 | 600 | 1,676 | (792) | ||
| Loss from continuing operations: | (55,093) | (32,709) | (1,121) | (17,736) | (14,062) | (10,661) | ||
| Loss before gain (loss) on sale of properties: | (55,021) | (32,709) | (1,121) | (17,767) | (14,203) | (11,986) | ||
| Income (loss) from discontinued operations | 72 | (31) | (141) | (1,325) | ||||
| Net loss: | (55,021) | (32,709) | (1,121) | (17,767) | (14,203) | (11,986) | ||
| Other undisclosed net income (loss) attributable to parent | (1,496) | 19 | ||||||
| Net loss available to common stockholders, diluted: | (55,021) | (34,205) | (1,102) | (17,767) | (14,203) | (11,986) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2018 Q1 | 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (55,021) | (32,709) | (1,121) | (17,767) | (14,203) | (11,986) | ||
| Other undisclosed comprehensive income | 2,372 | 1,775 | ||||||
| Comprehensive loss: | (52,649) | (32,709) | (1,121) | (17,767) | (12,428) | (11,986) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (2,653) | (169) | 859 | 486 | (2,222) | (222) | ||
| Comprehensive loss, net of tax, attributable to parent: | (55,302) | (32,878) | (262) | (17,281) | (14,650) | (12,208) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.