Basic Energy Services, Inc. (BASXQ) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
801 CHERRY STREET FORT WORTH, TX 76102 |
| State of Incorp. | |
| 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)
| 3/31/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,902 | 36,217 | 90,300 | 38,520 | 46,732 | ||||
| Cash and cash equivalents | 1,902 | 36,217 | 90,300 | 38,520 | 46,732 | ||||
| Restricted cash and investments | 47,703 | ||||||||
| Receivables | 60,351 | 99,626 | 146,341 | 150,344 | 103,990 | ||||
| Inventory, net of allowances, customer advances and progress billings | 8,716 | 20,262 | 36,449 | 36,403 | 36,944 | ||||
| Inventory | 8,716 | 20,262 | 36,449 | 36,403 | 36,944 | ||||
| Prepaid expense | 8,240 | 6,407 | 17,479 | 22,353 | 13,851 | ||||
| Disposal group, including discontinued operation | 4,383 | 55,149 | |||||||
| Other current assets | 2,727 | 4,640 | 4,292 | 9,968 | |||||
| Other undisclosed current assets | 11,853 | 13,484 | |||||||
| Total current assets: | 95,445 | 220,388 | 295,209 | 299,615 | 224,969 | ||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 9,614 | 14,540 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 210,563 | 297,113 | 448,801 | 502,579 | 846,290 | ||||
| Intangible assets, net (including goodwill) | 6,178 | 2,603 | 2,984 | 3,221 | 6,858 | 66,745 | |||
| Intangible assets, net (excluding goodwill) | 6,178 | 2,603 | 2,984 | 3,221 | 6,858 | 66,745 | |||
| Deferred costs | 13,124 | ||||||||
| Other noncurrent assets | 27,273 | 13,632 | 12,036 | 12,568 | 10,241 | ||||
| Other undisclosed noncurrent assets | 2,198 | 2,747 | 2,497 | ||||||
| Total noncurrent assets: | 253,628 | 330,086 | 466,568 | 520,865 | 6,858 | 936,400 | |||
| TOTAL ASSETS: | 349,073 | 550,474 | 761,777 | 820,480 | 6,858 | 1,161,369 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 120,208 | 106,138 | 154,149 | 132,491 | 113,901 | ||||
| Accounts payable | 64,944 | 58,022 | 98,323 | 80,518 | 54,521 | ||||
| Accrued liabilities | 55,264 | 48,116 | 55,826 | 51,973 | 59,380 | ||||
| Debt | 7,520 | 18,738 | 27,039 | 55,997 | 48,651 | ||||
| Disposal group, including discontinued operation | 5,248 | ||||||||
| Self insurance reserve | 22,587 | 8,848 | 7,000 | ||||||
| Other liabilities | 8,371 | 4,306 | 3,123 | 2,469 | 7,003 | ||||
| Other undisclosed current liabilities | 1,936 | 4,906 | |||||||
| Total current liabilities: | 160,622 | 148,184 | 184,311 | 190,957 | 7,000 | 169,555 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 317,763 | 308,365 | 322,701 | 259,242 | 838,368 | ||||
| Finance lease, liability | 17,160 | ✕ | ✕ | ✕ | ✕ | ||||
| Other undisclosed long-term debt and lease obligation | 309,275 | 281,571 | 322,701 | 259,242 | 838,368 | ||||
| Liabilities, other than long-term debt | 49,789 | 43,168 | 35,337 | 31,628 | 15,600 | 47,108 | |||
| Deferred compensation liability, classified | 6,533 | ||||||||
| Asset retirement obligations | 9,697 | 9,044 | |||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 78 | 18,550 | ||||
| Deferred income tax liabilities | 424 | ✕ | ✕ | ✕ | ✕ | ||||
| Other liabilities | 13,499 | 17,542 | 35,337 | 31,550 | 28,558 | ||||
| Operating lease, liability | 8,488 | 9,634 | ✕ | ✕ | ✕ | ✕ | |||
| Self insurance reserve | 19,636 | 16,582 | 15,600 | ||||||
| Other undisclosed noncurrent liabilities | 1,531 | 9,634 | |||||||
| Total noncurrent liabilities: | 369,083 | 361,167 | 358,038 | 290,870 | 15,600 | 885,476 | |||
| Total liabilities: | 529,705 | 509,351 | 542,349 | 481,827 | 22,600 | 1,055,031 | |||
| Temporary equity, carrying amount | 22,000 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent | (202,632) | 41,123 | 219,428 | 338,653 | 106,338 | ||||
| Common stock | 279 | 279 | 270 | 264 | 435 | ||||
| Treasury stock, value | (5,334) | (8,581) | (3,835) | (4,454) | (12,014) | ||||
| Additional paid in capital | 493,767 | 472,594 | 464,264 | 439,517 | 374,729 | ||||
| Accumulated deficit | (691,344) | (423,169) | (241,271) | (96,674) | (256,812) | ||||
| Total equity: | (202,632) | 41,123 | 219,428 | 338,653 | 106,338 | ||||
| TOTAL LIABILITIES AND EQUITY: | 349,073 | 550,474 | 761,777 | 820,480 | 22,600 | 1,161,369 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 710,135 | 964,720 | 864,041 | 805,599 | ||||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 864,041 | 805,599 | ||
| Cost of revenue | (5,281) | (655,458) | (872,833) | (778,659) | (884,327) | |||
| Cost of goods and services sold | (5,281) | (10,607) | (666,450) | (642,856) | ||||
| Other undisclosed gross profit | 126,417 | 112,209 | 241,471 | |||||
| Gross profit: | (5,281) | 54,677 | 218,304 | 197,591 | 162,743 | |||
| Operating expenses | (134,996) | (194,274) | (164,917) | (146,732) | (20,200) | (226,937) | ||
| Other undisclosed operating loss | (126,417) | (112,209) | (241,471) | |||||
| Operating loss: | (140,277) | (139,597) | (73,030) | (61,350) | (20,200) | (305,665) | ||
| Nonoperating income | 4,866 | 1,190 | 942 | 470 | 554 | |||
| Investment income, nonoperating | 4,866 | 509 | 364 | 51 | 26 | |||
| Other nonoperating income | 681 | 578 | 419 | 528 | ||||
| Interest and debt expense | (2,281) | (43,470) | (72,282) | (37,472) | (6,000) | (67,964) | ||
| Loss from continuing operations before equity method investments, income taxes: | (137,692) | (181,877) | (144,370) | (98,352) | (26,200) | (373,075) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (115,348) | 90,497 | ||||||
| Loss from continuing operations before income taxes: | (253,040) | (91,380) | (144,370) | (98,352) | (26,200) | (373,075) | ||
| Income tax expense (benefit) | 3,832 | (21) | (227) | 1,678 | 3,883 | 131,330 | ||
| Loss from continuing operations: | (249,208) | (91,401) | (144,597) | (96,674) | (22,317) | (241,745) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (249,208) | (91,401) | (144,597) | (96,674) | (22,317) | (241,745) | |
| Net loss: | (249,208) | (91,401) | (144,597) | (96,674) | (22,317) | (241,745) | ||
| Other undisclosed net loss attributable to parent | (18,967) | (90,497) | ||||||
| Net loss available to common stockholders, diluted: | (268,175) | (181,898) | (144,597) | (96,674) | (22,317) | (241,745) | ||
Comprehensive Income ($ in thousands)
| 3/31/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (249,208) | (91,401) | (144,597) | (96,674) | (22,317) | (241,745) | ||
| Comprehensive loss, net of tax, attributable to parent: | (249,208) | (91,401) | (144,597) | (96,674) | (22,317) | (241,745) | ||
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.