Aris Water Solutions Inc. (ARIS) Financial Statements (2024 and earlier)

Company Profile

Business Address 9651 KATY FREEWAY
HOUSTON, TX 77024
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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,0631,12260,055
Cash and cash equivalents5,0631,12260,055
Receivables12,767132,06666,290
Prepaid expense5,494  
Other undisclosed current assets85,2265,8056,043
Total current assets:108,550138,993132,388
Noncurrent Assets
Operating lease, right-of-use asset16,7269,135 
Property, plant and equipment919,714819,103633,007
Intangible assets, net (including goodwill)266,862304,430339,515
Goodwill34,58534,58534,585
Intangible assets, net (excluding goodwill)232,277269,845304,930
Deferred income tax assets22,63430,42419,933
Other noncurrent assets5,9951,2811,850
Total noncurrent assets:1,231,9311,164,373994,305
TOTAL ASSETS:1,340,4811,303,3661,126,693
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,62836,0537,082
Accounts payable  22,9827,082
Accrued liabilities18,62813,071 
Asset retirement obligation7632,242 
Business combination, contingent consideration, liability1,221  
Other liabilities3,7053,832 
Other undisclosed current liabilities72,38149,28741,963
Total current liabilities:96,69891,41449,045
Noncurrent Liabilities
Long-term debt and lease obligation421,792428,921392,051
Long-term debt, excluding current maturities421,792428,921392,051
Liabilities, other than long-term debt101,09680,35354,586
Deferred revenue   1,200
Asset retirement obligations19,03017,5436,158
Deferred income tax liabilities 65,27252,38947,228
Other liabilities16,79410,421 
Other undisclosed noncurrent liabilities33,00245,59128,472
Total noncurrent liabilities:555,890554,865475,109
Total liabilities:652,588646,279524,154
Equity
Equity, attributable to parent, including:323,904309,508212,869
Treasury stock, value(5,133)(2,891)(135)
Additional paid in capital328,543319,545212,926
Retained earnings (accumulated deficit)(87)(7,722)(457)
Other undisclosed equity, attributable to parent581576535
Equity, attributable to noncontrolling interest363,989347,579389,670
Total equity:687,893657,087602,539
TOTAL LIABILITIES AND EQUITY:1,340,4811,303,3661,126,693

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues392,118321,001229,251
Cost of revenue
(Cost of Goods and Services Sold)
(254,605)(207,004)(151,681)
Gross profit:137,513113,99777,570
Operating expenses(53,647)(79,491)(58,428)
Operating income:83,86634,50619,142
Nonoperating expense
(Other Nonoperating expense)
(32,960)(29,185)(25,853)
Interest and debt expense(32,853)(29,185) 
Other undisclosed loss from continuing operations before equity method investments, income taxes   
Income (loss) from continuing operations before equity method investments, income taxes:18,053(23,864)(6,711)
Other undisclosed income from continuing operations before income taxes32,85329,185 
Income (loss) from continuing operations before income taxes:50,9065,321(6,711)
Income tax expense(7,494)(524)(298)
Income (loss) from continuing operations:43,4124,797(7,009)
Loss before gain (loss) on sale of properties:(7,009)
Net income (loss):43,4124,797(7,009)
Other undisclosed net income (loss) attributable to parent(24,524)(3,097)21
Net income (loss) attributable to parent:18,8881,700(6,988)
Preferred stock dividends and other adjustments(1,144)(686) 
Other undisclosed net income available to common stockholders, basic   8,100
Net income available to common stockholders, diluted:17,7441,0141,112

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net income (loss):43,4124,797(7,009)
Comprehensive income (loss), net of tax, attributable to parent:43,4124,797(7,009)

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.

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