C&J Energy Services, Inc (CJ) Financial Statements (2024 and earlier)

Company Profile

Business Address 3990 ROGERDALE RD
HOUSTON, TX 77042
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)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments88,830135,74675,903110,04287,977113,887
Cash and cash equivalents88,830135,74675,903110,04287,977113,887
Receivables355,745309,104422,220411,165391,149367,906
Inventory, net of allowances, customer advances and progress billings61,32862,63373,19483,09283,92077,793
Inventory61,32862,63373,19483,09283,92077,793
Other undisclosed current assets16,74922,35724,27332,50323,16933,011
Total current assets:522,652529,840595,590636,802586,215592,597
Noncurrent Assets
Operating lease, right-of-use asset27,413
Property, plant and equipment738,590737,292772,616746,814723,780703,029
Intangible assets, net (including goodwill)112,885115,072263,273265,460269,147271,352
Goodwill   146,015146,015147,515147,515
Intangible assets, net (excluding goodwill)112,885115,072117,258119,445121,632123,837
Other noncurrent assets18,58337,67638,42828,96723,88038,500
Other undisclosed noncurrent assets4,3334,5744,8054,6673,3153,379
Total noncurrent assets:901,804894,6141,079,1221,045,9081,020,1221,016,260
TOTAL ASSETS:1,424,4561,424,4541,674,7121,682,7101,606,3371,608,857
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities239,093244,412286,640287,290242,346257,983
Employee-related liabilities40,34448,87346,42041,01435,83052,812
Accounts payable146,525140,109183,287187,166157,059138,624
Accrued liabilities52,22455,43056,93359,11049,45766,547
Debt6,834     
Other liabilities     939867
Total current liabilities:245,927244,412286,640287,290243,285258,850
Noncurrent Liabilities
Long-term debt and lease obligation:17,527     
Liabilities, other than long-term debt26,32026,71327,34429,02430,22528,585
Deferred tax liabilities, net5377932,5604,2803,917
Other liabilities26,32026,17626,55126,46425,94524,668
Operating lease, liability17,527
Total noncurrent liabilities:43,84726,71327,34429,02430,22528,585
Total liabilities:289,774271,125313,984316,314273,510287,435
Equity
Equity, attributable to parent1,134,6821,153,3291,360,7281,366,3961,332,8271,321,422
Common stock661661674684684686
Additional paid in capital1,278,4931,273,5241,291,5921,307,5851,303,2021,298,859
Accumulated other comprehensive loss(191)(148)(357)(260)(950)(580)
Retained earnings (accumulated deficit)(144,281)(120,708)68,81958,38729,89122,457
Total equity:1,134,6821,153,3291,360,7281,366,3961,332,8271,321,422
TOTAL LIABILITIES AND EQUITY:1,424,4561,424,4541,674,7121,682,7101,606,3371,608,857

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

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
Revenues510,769490,644567,924610,521553,000491,750
Revenue, net491,750
Cost of revenue
(Cost of Goods and Services Sold)
(416,339)(396,642)(445,466)(463,602)(418,997)(375,895)
Gross profit:94,43094,002122,458146,919134,003115,855
Operating expenses(57,445)(222,197)(52,334)(61,638)(67,807)(69,399)
Other undisclosed operating loss(59,756)(63,389)(60,748)(54,387)(45,854)(18,995)
Operating income (loss):(22,771)(191,584)9,37630,89420,34227,461
Nonoperating income (expense)1182,100(447)(3,291)192(1,469)
Other nonoperating income (expense)4652,717222(1,106)620(1,218)
Interest and debt expense (262)(238)  (147)(178)
Other undisclosed income from continuing operations before equity method investments, income taxes 262238  147178
Income (loss) from continuing operations before income taxes:(22,653)(189,484)8,92927,60320,53425,992
Income tax expense (benefit)(920)(43)1,5048936031,004
Income (loss) from continuing operations:(23,573)(189,527)10,43328,49620,59456,996
Income (loss) before gain (loss) on sale of properties:(23,573)(189,527)10,43328,49620,59456,996
Net income (loss) available to common stockholders, diluted:(23,573)(189,527)10,43328,49620,59456,996

Comprehensive Income ($ in thousands)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
Net income (loss):(23,573)(189,527)10,43328,49620,59456,996
Other undisclosed comprehensive income (loss)  (23)   777
Comprehensive income (loss):(23,573)(189,550)10,43328,49620,59457,773
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(43)232(97)690(370)(199)
Comprehensive income (loss), net of tax, attributable to parent:(23,616)(189,318)10,33629,18620,22457,574

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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