Civeo Corporation (CVEO) financial statements (2021 and earlier)

Company profile

Business Address THREE ALLEN CENTER
HOUSTON, TX 77002
State of Incorp. BC
Fiscal Year End December 31
SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments67763813
Cash and cash equivalents67763813
Receivables909386929910791
Inventory, net of allowances, customer advances and progress billings6686674
Inventory6686674
Prepaid expense79757810
Disposal group, including discontinued operation4  6888
Other current assets681011864
Total current assets:119123118126131144131
Noncurrent Assets
Operating lease, right-of-use asset232021    
Property, plant and equipment487481487465590600636
Intangible assets, net (including goodwill)108107108106222240231
Goodwill9887110128122
Intangible assets, net (excluding goodwill)1009910099112112109
Other noncurrent assets4211121
Other undisclosed noncurrent assets   22252522
Total noncurrent assets:622610617593838867890
TOTAL ASSETS:7417337357209701,0111,020
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities70605360595646
Accounts payable42373543373531
Accrued liabilities27221716221915
Taxes payable0010011
Deferred revenue788    
Debt35333432353435
Asset retirement obligation    3  
Contract with customer, liability843
Other liabilities6656999
Other undisclosed current liabilities    4  
Total current liabilities:1171079910611010393
Noncurrent Liabilities
Long-term debt and lease obligation234255283281322357368
Long-term debt, excluding current maturities214237265281322357368
Operating lease, liability201819    
Liabilities, other than long-term debt15181817321821
Asset retirement obligations    16  
Other liabilities15181817171821
Other undisclosed noncurrent liabilities   19152729
Total noncurrent liabilities:249272301317369402418
Total liabilities:365379400423479505510
Stockholders' equity
Stockholders' equity attributable to parent375353334296490506510
Preferred stock60605959585857
Treasury stock, value(7)(7)(7)(7)(5)(5)(5)
Additional paid in capital1,5781,5771,5761,5741,5721,5701,567
Accumulated other comprehensive loss(349)(371)(382)(412)(363)(377)(365)
Accumulated deficit(908)(905)(912)(918)(772)(740)(744)
Stockholders' equity attributable to noncontrolling interest11111  
Total stockholders' equity:375354334297491506510
TOTAL LIABILITIES AND EQUITY:7417337357209701,0111,020

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues133143115139149148122
Cost of revenue(122)(122)(105)(130)(121)(131)(116)
Gross profit:112110928176
Operating expenses(15)(13)(11)(158)(50)(14)(18)
Other operating income (expense), net0(0)0(1)(0)(0)0
Other undisclosed operating income (loss)(0)0(0)100(0)
Operating income (loss):(3)7(2)(149)(22)3(12)
Nonoperating income45130031
Investment income, nonoperating  00000
Other nonoperating income45130031
Interest and debt expense(4)(4)(4)(6)(7)(7)(7)
Income (loss) from continuing operations before income taxes:(3)87(155)(28)(2)(18)
Income tax expense (benefit)2(0)(0)9(3)73
Net income (loss):(1)77(146)(32)5(15)
Net loss attributable to noncontrolling interest(1)(0)(0)(0)(0)(0) 
Net income (loss) attributable to parent:(2)77(146)(32)5(15)
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)(0)
Undistributed earnings (loss) allocated to participating securities, basic (1)(1)  (1) 
Net income (loss) available to common stockholders, basic:(2)65(147)(32)4(15)
Other undisclosed net income available to common stockholders, diluted 00    
Net income (loss) available to common stockholders, diluted:(2)65(147)(32)4(15)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(1)77(146)(32)5(15)
Other comprehensive income (loss)221129(49)14(12)1
Comprehensive income (loss):211936(194)(18)(7)(14)
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(0)(0)(0)(0)(0) 
Comprehensive income (loss), net of tax, attributable to parent:201836(195)(18)(7)(14)

Statements sources

The financial statements are based on the company's filings with the 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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