Archrock Inc. (AROC) Financial Statements (2025 and earlier)

Company Profile

Business Address 9807 KATY FREEWAY
HOUSTON, TX 77024
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 4922 - Natural Gas Transmission (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3381,5661,5691,0973,6855,610
Cash and cash equivalents1,3381,5661,5691,0973,6855,610
Receivables124,069137,544104,931104,425144,865147,985
Inventory, net of allowances, customer advances and progress billings81,76184,62272,86963,67074,46776,333
Inventory81,76184,62272,86963,67074,46776,333
Disposal group, including discontinued operation      300
Other current assets5,9898,2287,20112,8199,18610,706
Other undisclosed current assets      15,262
Total current assets:213,157231,960186,570182,011232,203256,196
Noncurrent Assets
Operating lease, right-of-use asset14,09716,70617,49119,23617,901
Property, plant and equipment2,301,9822,199,2532,226,5262,389,6742,559,3982,171,038
Intangible assets, net (including goodwill)30,18237,07747,88761,531178,06952,370
Goodwill    100,598 
Intangible assets, net (excluding goodwill)30,18237,07747,88761,53177,47152,370
Capitalized contract cost, net37,73934,73625,41829,21642,92739,020
Disposal group, including discontinued operation, noncurrent assets7,8688,5869,81111,03612,9017,063
Deferred income tax assets3,19233,35347,87956,93436,642
Other noncurrent assets47,73337,07928,38430,08429,93426,828
Total noncurrent assets:2,442,7932,366,7902,403,3962,597,7112,877,7722,296,319
TOTAL ASSETS:2,655,9502,598,7502,589,9662,779,7223,109,9752,552,515
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities146,407141,239121,437107,812128,060133,936
Accounts payable61,02664,32438,92030,81960,21554,939
Accrued liabilities85,38176,91582,51776,99367,84578,997
Deferred revenue5,7367,3323,8173,88010,683
Disposal group, including discontinued operation      297
Contract with customer, liability16,509
Total current liabilities:152,143148,571125,254111,692138,743150,742
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,584,8691,548,3341,546,7651,688,8671,842,5491,529,501
Long-term debt, excluding current maturities1,584,8691,548,3341,530,825   
Other undisclosed long-term debt and lease obligation    1,671,9421,826,4551,529,501
Liabilities, other than long-term debt47,91741,15226,50926,68126,62627,856
Deferred income tax liabilities4,9218541,1367251,289
Disposal group, including discontinued operation, liabilities7,8687,8687,8687,8688,5087,063
Other liabilities22,85717,56917,50518,08816,82920,793
Operating lease, liability12,27114,86115,94016,92516,094
Other undisclosed noncurrent liabilities    16,92516,0942,842
Total noncurrent liabilities:1,632,7861,589,4861,573,2741,732,4731,885,2691,560,199
Total liabilities:1,784,9291,738,0571,698,5281,844,1652,024,0121,710,941
Equity
Equity, attributable to parent871,021860,693891,438935,5571,085,963841,574
Common stock1,6501,6341,6151,6001,5871,358
Treasury stock, value(101,274)(88,585)(86,138)(83,673)(81,869)(79,862)
Additional paid in capital3,470,5763,456,7773,440,0593,424,6243,412,5093,177,982
Accumulated other comprehensive income (loss)   (984)(5,006)(1,387)5,773
Accumulated deficit(2,499,931)(2,509,133)(2,463,114)(2,401,988)(2,244,877)(2,263,677)
Total equity:871,021860,693891,438935,5571,085,963841,574
TOTAL LIABILITIES AND EQUITY:2,655,9502,598,7502,589,9662,779,7223,109,9752,552,515

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues990,337845,568781,461874,970965,485904,441
Cost of revenue
(Cost of Goods and Services Sold)
(449,019)(419,484)(358,917)(377,193)(456,238)(1,614)
Gross profit:541,318426,084422,544497,777509,247902,827
Operating expenses(108,215)(76,690)(79,812)(202,737)(154,587)(139,852)
Operating income:433,103349,394342,732295,040354,660762,975
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1,086)(1,845)4,7071,3596615,831
Interest and debt expense(111,488)(101,259)(108,135)(109,687)(108,334)(95,778)
Income from continuing operations before equity method investments, income taxes:320,529246,290239,304186,712246,987673,028
Other undisclosed loss from continuing operations before income taxes(178,282)(185,701)(200,343)(272,694)(188,529)(637,718)
Income (loss) from continuing operations before income taxes:142,24760,58938,961(85,982)58,45835,310
Income tax expense (benefit)(37,249)(16,293)(10,744)17,53739,145(6,150)
Income (loss) from continuing operations:104,99844,29628,217(68,445)97,60329,160
Income (loss) before gain (loss) on sale of properties:28,217(68,445)97,33029,160
Loss from discontinued operations     (273) 
Net income (loss):104,99844,29628,217(68,445)97,33029,160
Net loss attributable to noncontrolling interest      (8,097)
Net income (loss) attributable to parent:104,99844,29628,217(68,445)97,33021,063
Other undisclosed net loss available to common stockholders, basic(1,878)(1,429)(1,172)(1,338)(1,348)(815)
Net income (loss) available to common stockholders, basic:103,12042,86727,045(69,783)95,98220,248
Other undisclosed net loss available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:103,12042,86727,045(69,783)95,98220,248

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):104,99844,29628,217(68,445)97,33029,160
Other comprehensive income (loss)    (3,619)(7,160)8,581
Comprehensive income (loss):104,99844,29628,217(72,064)90,17037,741
Comprehensive loss, net of tax, attributable to noncontrolling interest      (12,360)
Other undisclosed comprehensive income, net of tax, attributable to parent  9844,022   
Comprehensive income (loss), net of tax, attributable to parent:104,99845,28032,239(72,064)90,17025,381

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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