Core Laboratories N.V. (CLB) Financial Statements (2024 and earlier)

Company Profile

Business Address VAN HEUVEN GOEDHARTLAAN 7 B
1181 LE AMSTELVEEN, 1181 LE
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)

3/31/2023
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 investments15,42817,70313,80611,09213,11614,400
Cash and cash equivalents15,42817,70313,80611,09213,11614,400
Receivables115,103106,74192,867138,106143,150140,605
Inventory, net of allowances, customer advances and progress billings60,44545,44338,15150,16345,66433,317
Inventory60,44545,44338,15150,16345,66433,317
Prepaid expense15,66514,05914,79715,95115,35112,592
Other current assets5,0615,1096,2275,92513,6966,513
Total current assets:211,702189,055165,848221,237230,977207,427
Noncurrent Assets
Operating lease, right-of-use asset52,37961,38766,38575,697
Property, plant and equipment105,028110,952115,293123,506122,917123,098
Long-term investments and receivables      3,557
Long-term investments      3,557
Intangible assets, net (including goodwill), including:106,928107,584108,028230,875232,466188,440
Goodwill99,44599,44599,445213,425219,412179,044
Intangible assets, net (excluding goodwill)7,4838,139 17,45013,0549,396
Other undisclosed intangible assets, net (including goodwill)   8,583   
Contract with customer, asset, after allowance for credit loss    244 
Deferred income tax assets68,57070,46272,775 
Other noncurrent assets33,74741,41340,25056,04651,21555,128
Deferred tax assets, net11,252 
Other undisclosed noncurrent assets    67,068 7,162
Total noncurrent assets:366,652391,798402,731553,436417,850377,385
TOTAL ASSETS:578,354580,853568,579774,673648,827584,812
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities80,67264,74466,30078,00677,73480,636
Taxes payable6,5028,3476,3242,917825
Employee-related liabilities20,83326,52626,68922,54928,887
Accounts payable45,84729,72623,02835,61141,15541,697
Accrued liabilities34,8257,6838,3999,38211,1139,227
Deferred revenue9071,3009534,473
Debt    11,841  
Disposal group, including discontinued operation     1,633 
Deferred revenue and credits17,069
Contract with customer, liability5,963
Other undisclosed current liabilities21,55624,73822,49717,27417,2177,313
Total current liabilities:103,13590,78289,750111,594102,547105,018
Noncurrent Liabilities
Long-term debt and lease obligation, including:172,386188,636259,433305,283289,770226,989
Long-term debt, excluding current maturities172,386188,636259,433305,283289,770226,989
Other undisclosed long-term debt and lease obligation  (49,286)(56,108)(64,660)  
Liabilities, other than long-term debt113,87991,58388,00884,04195,610104,073
Deferred revenue  435293383
Contract with customer, liability1,401
Deferred compensation liability, classified31,81439,10139,14550,48549,35952,786
Deferred tax liabilities, net7,6345,323
Deferred income tax liabilities22,87724,33620,585 
Other liabilities20,88327,71127,98533,17337,21645,964
Operating lease, liability38,30549,28656,10864,660
Other undisclosed noncurrent liabilities  48,85155,81591,615  
Total noncurrent liabilities:286,265329,070403,256480,939385,380331,062
Total liabilities:389,400419,852493,006592,533487,927436,080
Equity
Equity, attributable to parent184,258156,44971,513177,865156,759144,844
Common stock1,1941,1881,1481,1481,1481,148
Treasury stock, value(1,362)(4,075)(14,075)(29,364)(52,501)(76,269)
Additional paid in capital102,254101,12041,18451,87257,43854,463
Accumulated other comprehensive loss(3,777)(10,133)(7,200)(6,330)(5,456)(8,353)
Retained earnings85,94968,34950,456160,539156,130173,855
Equity, attributable to noncontrolling interest4,6964,5524,0604,2754,1413,888
Total equity:188,954161,00175,573182,140160,900148,732
TOTAL LIABILITIES AND EQUITY:578,354580,853568,579774,673648,827584,812

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

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues489,735470,252487,267668,210700,846659,809
Revenue, net659,809
Cost of revenue
(Cost of Goods and Services Sold)
   (10,375)   
Gross profit:489,735470,252476,892668,210700,846659,809
Operating expenses(685)(762)(123,344)(1,793)(21,874)(22,021)
Other operating income (expense), net7225,595(1,826)(5,319)737(693)
Other undisclosed operating loss(448,248)(429,823)(428,527)(564,414)(561,087) 
Operating income (loss):41,52445,262(76,805)96,684118,622637,095
Nonoperating income (expense)   2,9867,0443,335(916)
Gain (loss), foreign currency transaction, before tax   1,1601,7252,598(916)
Other nonoperating income   1,8265,319737 
Interest and debt expense(11,570)(9,152)(14,372)(14,690)(13,328)(10,734)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (2,986)(7,044)(3,335)(523,739)
Income (loss) from continuing operations before income taxes:29,95436,110(91,177)81,994105,294101,706
Income tax expense (benefit)(10,296)(15,891)(5,896)12,290(25,447)(18,610)
Income (loss) from continuing operations:19,65820,219(97,073)94,28479,84783,096
Income (loss) before gain (loss) on sale of properties:20,219(97,646)104,02479,78983,096
Income (loss) from discontinued operations   (573)9,740(58) 
Other undisclosed net income (loss)   149(1,907)  
Net income (loss):19,65820,219(97,497)102,11779,78983,096
Net income (loss) attributable to noncontrolling interest(205)(492)(140)(134)(263)29
Net income (loss) available to common stockholders, diluted:19,45319,727(97,637)101,98379,52683,125

Comprehensive Income ($ in thousands)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):19,65820,219(97,497)102,11779,78983,096
Other comprehensive income (loss)6,356(2,933)(870)(874)2,897(1,475)
Other undisclosed comprehensive income      2,950
Comprehensive income (loss):26,01417,286(98,367)101,24382,68684,571
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(205)(492)(140)(134)(263)29
Comprehensive income (loss), net of tax, attributable to parent:25,80916,794(98,507)101,10982,42384,600

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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