Archrock, Inc. (AROC) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5661,5691,0973,6855,61010,536
Cash and cash equivalents1,5661,5691,0973,6855,61010,536
Receivables137,544104,931104,425144,865147,985113,416
Inventory, net of allowances, customer advances and progress billings84,62272,86963,67074,46776,33390,691
Inventory84,62272,86963,67074,46776,33390,691
Disposal group, including discontinued operation     300300
Other current assets8,2287,20112,8199,18610,7066,220
Other undisclosed current assets     15,262 
Total current assets:231,960186,570182,011232,203256,196221,163
Noncurrent Assets
Operating lease, right-of-use asset16,70617,49119,23617,901
Property, plant and equipment2,199,2532,226,5262,389,6742,559,3982,171,0382,076,927
Intangible assets, net (including goodwill)37,07747,88761,531178,06952,37068,872
Goodwill    100,598  
Intangible assets, net (excluding goodwill)37,07747,88761,53177,47152,37068,872
Capitalized contract cost, net34,73625,41829,21642,92739,020
Disposal group, including discontinued operation, noncurrent assets8,5869,81111,03612,9017,06313,263
Deferred income tax assets33,35347,87956,93436,642
Other noncurrent assets37,07928,38430,08429,93426,82827,782
Total noncurrent assets:2,366,7902,403,3962,597,7112,877,7722,296,3192,186,844
TOTAL ASSETS:2,598,7502,589,9662,779,7223,109,9752,552,5152,408,007
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities141,239121,437107,812128,060133,936125,701
Accounts payable64,32438,92030,81960,21554,93954,585
Accrued liabilities76,91582,51776,99367,84578,99771,116
Deferred revenue7,3323,8173,88010,683
Disposal group, including discontinued operation     297297
Deferred revenue and credits4,858
Contract with customer, liability16,509
Total current liabilities:148,571125,254111,692138,743150,742130,856
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,548,3341,546,7651,688,8671,842,5491,529,5011,417,053
Long-term debt, excluding current maturities1,548,3341,530,825    
Other undisclosed long-term debt and lease obligation   1,671,9421,826,4551,529,5011,417,053
Liabilities, other than long-term debt41,15226,50926,68126,62627,856124,480
Deferred tax liabilities, net 97,943
Deferred income tax liabilities8541,1367251,289
Disposal group, including discontinued operation, liabilities7,8687,8687,8688,5087,0636,421
Other liabilities17,56917,50518,08816,82920,79320,116
Operating lease, liability14,86115,94016,92516,094
Other undisclosed noncurrent liabilities   16,92516,0942,842 
Total noncurrent liabilities:1,589,4861,573,2741,732,4731,885,2691,560,1991,541,533
Total liabilities:1,738,0571,698,5281,844,1652,024,0121,710,9411,672,389
Equity
Equity, attributable to parent860,693891,438935,5571,085,963841,574777,049
Common stock1,6341,6151,6001,5871,358769
Treasury stock, value(88,585)(86,138)(83,673)(81,869)(79,862)(76,732)
Additional paid in capital3,456,7773,440,0593,424,6243,412,5093,177,9823,093,058
Accumulated other comprehensive income (loss)  (984)(5,006)(1,387)5,7731,197
Accumulated deficit(2,509,133)(2,463,114)(2,401,988)(2,244,877)(2,263,677)(2,241,243)
Equity, attributable to noncontrolling interest      (41,431)
Total equity:860,693891,438935,5571,085,963841,574735,618
TOTAL LIABILITIES AND EQUITY:2,598,7502,589,9662,779,7223,109,9752,552,5152,408,007

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues845,568781,461874,970965,485904,441794,655
Revenue, net794,655
Cost of revenue
(Cost of Goods and Services Sold)
(419,484)(358,917)(377,193)(456,238)(1,614)(2,397)
Gross profit:426,084422,544497,777509,247902,827792,258
Operating expenses(76,690)(79,812)(202,737)(154,587)(139,852)(142,011)
Operating income:349,394342,732295,040354,660762,975650,247
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1,845)4,7071,3596615,8315,643
Interest and debt expense(101,259)(108,135)(109,687)(108,334)(95,778)(88,760)
Income from continuing operations before equity method investments, income taxes:246,290239,304186,712246,987673,028567,130
Other undisclosed loss from continuing operations before income taxes(185,701)(200,343)(272,694)(188,529)(637,718)(609,749)
Income (loss) from continuing operations before income taxes:60,58938,961(85,982)58,45835,310(42,619)
Income tax expense (benefit)(16,293)(10,744)17,53739,145(6,150)61,083
Income (loss) from continuing operations:44,29628,217(68,445)97,60329,16018,464
Income (loss) before gain (loss) on sale of properties:28,217(68,445)97,33029,16018,410
Loss from discontinued operations    (273) (54)
Net income (loss):44,29628,217(68,445)97,33029,16018,410
Net income (loss) attributable to noncontrolling interest     (8,097)543
Net income (loss) attributable to parent:44,29628,217(68,445)97,33021,06318,953
Other undisclosed net loss available to common stockholders, basic(1,429)(1,172)(1,338)(1,348)(815)(681)
Net income (loss) available to common stockholders, diluted:42,86727,045(69,783)95,98220,24818,272

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):44,29628,217(68,445)97,33029,16018,410
Other comprehensive income (loss)   (3,619)(7,160)8,5817,498
Comprehensive income (loss):44,29628,217(72,064)90,17037,74125,908
Comprehensive loss, net of tax, attributable to noncontrolling interest     (12,360)(4,080)
Other undisclosed comprehensive income, net of tax, attributable to parent 9844,022    
Comprehensive income (loss), net of tax, attributable to parent:45,28032,239(72,064)90,17025,38121,828

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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