Core Laboratories N.V. (CLB) Financial Statements (2023 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)
Annual | Quarterly

12/31/2021
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 investments17,70313,80611,09213,11614,40014,76422,494
Cash and cash equivalents17,70313,80611,09213,11614,40014,76422,494
Receivables106,74192,867138,106143,150140,605120,755152,898
Inventory, net of allowances, customer advances and progress billings45,44338,15150,16345,66433,31733,72040,906
Inventory45,44338,15150,16345,66433,31733,72040,906
Prepaid expense14,05914,79715,95115,35112,59210,71112,053
Other current assets5,1096,2275,92513,6966,5136,51110,196
Total current assets:189,055165,848221,237230,977207,427186,461238,547
Noncurrent Assets
Operating lease, right-of-use asset61,38766,38575,697✕✕✕✕
Property, plant and equipment110,952115,293123,506122,917123,098129,882143,211
Long-term investments and receivables    3,5573,2242,719
Long-term investments    3,5573,2242,719
Intangible assets, net (including goodwill), including:107,584108,028230,875232,466188,440188,980188,200
Goodwill99,44599,445213,425219,412179,044179,044178,159
Intangible assets, net (excluding goodwill)8,139 17,45013,0549,3969,93610,041
Other undisclosed intangible assets, net (including goodwill) 8,583     
Contract with customer, asset, net  244 ✕✕✕
Deferred income tax assets70,46272,775 ✕✕✕✕
Other noncurrent assets41,41340,25056,04651,21555,12847,12443,607
Deferred tax assets, net✕✕✕11,252   
Other undisclosed noncurrent assets  67,068 7,16217,3818,974
Total noncurrent assets:391,798402,731553,436417,850377,385386,591386,711
TOTAL ASSETS:580,853568,579774,673648,827584,812573,052625,258
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities64,74466,30078,00677,73480,63682,51797,162
Accounts payable29,72623,02835,61141,15541,69733,72033,474
Accrued liabilities7,6838,3999,38211,1139,22713,66825,480
Employee-related liabilities20,83326,52626,68922,54928,88719,41136,475
Taxes payable6,5028,3476,3242,91782515,7181,733
Deferred revenue1,3009534,473✕✕✕✕
Debt  11,841    
Disposal group, including discontinued operation   1,633   
Deferred revenue and credits✕✕✕✕17,06915,69014,101
Deferred tax liabilities✕✕✕   (9,731)
Contract with customer, liability✕✕✕5,963✕✕✕
Other undisclosed current liabilities24,73822,49717,27417,2177,3135,81619,226
Total current liabilities:90,78289,750111,594102,547105,018104,023120,758
Noncurrent Liabilities
Long-term debt and lease obligation, including:188,636259,433305,283289,770226,989216,488430,987
Long-term debt, excluding current maturities188,636259,433305,283289,770226,989216,488430,987
Operating lease, liability49,28656,10864,660✕✕✕✕
Other undisclosed long-term debt and lease obligation(49,286)(56,108)(64,660)    
Liabilities, other than long-term debt91,58388,00884,04195,610104,07397,24497,212
Deferred revenue435293383✕✕✕✕
Contract with customer, liability✕✕✕1,401✕✕✕
Deferred compensation liability, classified39,10139,14550,48549,35952,78646,25143,478
Deferred tax liabilities, net✕✕✕7,6345,3236,2774,881
Deferred income tax liabilities24,33620,585 ✕✕✕✕
Other liabilities27,71127,98533,17337,21645,96444,71648,853
Other undisclosed noncurrent liabilities48,85155,81591,615    
Total noncurrent liabilities:329,070403,256480,939385,380331,062313,732528,199
Total liabilities:419,852493,006592,533487,927436,080417,755648,957
Stockholders' equity
Stockholders' equity attributable to parent156,44971,513177,865156,759144,844151,354(29,064)
Common stock1,1881,1481,1481,1481,1481,1481,142
Treasury stock, value(4,075)(14,075)(29,364)(52,501)(76,269)(80,773)(238,875)
Additional paid in capital101,12041,18451,87257,43854,46352,850 
Accumulated other comprehensive loss(10,133)(7,200)(6,330)(5,456)(8,353)(9,828)(10,538)
Retained earnings68,34950,456160,539156,130173,855187,957219,207
Stockholders' equity attributable to noncontrolling interest4,5524,0604,2754,1413,8883,9435,365
Total stockholders' equity:161,00175,573182,140160,900148,732155,297(23,699)
TOTAL LIABILITIES AND EQUITY:580,853568,579774,673648,827584,812573,052625,258

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues470,252487,267668,210700,846659,809594,741797,520
Revenue, net✕✕✕✕659,809594,741797,520
Cost of revenue
(Cost of Goods and Services Sold)		 (10,375)     
Gross profit:470,252476,892668,210700,846659,809594,741797,520
Operating expenses(762)(123,344)(1,793)(21,874)(22,021)(21,125)(39,503)
Other operating income (expense), net5,595(1,826)(5,319)737(693)344(3,669)
Other undisclosed operating loss(429,823)(428,527)(564,414)(561,087)   
Operating income (loss):45,262(76,805)96,684118,622637,095573,960754,348
Nonoperating income (expense) 2,9867,0443,335(916)1,4908,176
Foreign currency transaction gain (loss), before tax 1,1601,7252,598(916)1,8324,507
Other nonoperating income (expense) 1,8265,319737 (342)3,669
Interest and debt expense(9,152)(14,372)(14,690)(13,328)(10,734)(11,572)(12,380)
Other undisclosed loss from continuing operations before equity method investments, income taxes (2,986)(7,044)(3,335)(523,739)(489,271)(601,454)
Income (loss) from continuing operations before income taxes:36,110(91,177)81,994105,294101,70674,607148,690
Income tax expense (benefit)(15,891)(5,896)12,290(25,447)(18,610)(10,748)(33,758)
Income (loss) from continuing operations:20,219(97,073)94,28479,84783,09663,859114,932
Income (loss) from discontinued operations (573)9,740(58)   
Income (loss) before gain (loss) on sale of properties:20,219(97,646)104,02479,78983,09663,859114,932
Other undisclosed net income (loss) 149(1,907)    
Net income (loss):20,219(97,497)102,11779,78983,09663,859114,932
Net income (loss) attributable to noncontrolling interest(492)(140)(134)(263)2936(85)
Net income (loss) available to common stockholders, diluted:19,727(97,637)101,98379,52683,12563,895114,847

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):20,219(97,497)102,11779,78983,09663,859114,932
Other comprehensive income (loss)(2,933)(870)(874)2,897(1,475)(710)(1,356)
Other undisclosed comprehensive income    2,9501,4202,712
Comprehensive income (loss):17,286(98,367)101,24382,68684,57164,569116,288
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(492)(140)(134)(263)2936(85)
Comprehensive income (loss), net of tax, attributable to parent:16,794(98,507)101,10982,42384,60064,605116,203

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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