Forum Energy Technologies, Inc. (FET) financial statements (2022 and earlier)

Company profile

Business Address 10344 SAM HOUSTON PARK DRIVE
HOUSTON, TX 77064
State of Incorp. DE
Fiscal Year End December 31
SIC 3533 - Oil and Gas Field Machinery and Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47506010112920110
Cash and cash equivalents47506010112920110
Receivables12411710789818089
Inventory, net of allowances, customer advances and progress billings242234228236252365378
Inventory242234228236252365378
Contract with customer, asset111410111086
Other undisclosed current assets24352219193347
Total current assets:447449427456490505630
Noncurrent Assets
Finance lease, right-of-use asset2      
Operating lease, right-of-use asset25262930323435
Property, plant and equipment 96105109310120131
Intangible assets, net (including goodwill)217221228234240247253
Intangible assets, net (excluding goodwill)217221228234240247253
Regulated entity, other noncurrent assets5      
Deferred income tax assets0000000
Other noncurrent assets661616141716
Other undisclosed noncurrent assets892 0(196)01
Total noncurrent assets:345351377388400419437
TOTAL ASSETS:7918008048448909241,067
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities158151138122114130141
Accounts payable99867254466070
Accrued liabilities58656668687071
Debt2111111
Other undisclosed current liabilities161412111066
Total current liabilities:176166151134125137148
Noncurrent Liabilities
Long-term debt and lease obligation, including:267268271309293290412
Long-term debt, excluding current maturities232231232267   
Finance lease, liability    1  
Operating lease, liability35363942454644
Other undisclosed long-term debt and lease obligation    248244368
Liabilities, other than long-term debt19212020212321
Deferred income tax liabilities1222222
Other liabilities19191918192119
Other undisclosed noncurrent liabilities    454644
Total noncurrent liabilities:287288291329359360478
Total liabilities:462454442462484497626
Stockholders' equity
Stockholders' equity attributable to parent329346362382406427441
Common stock0000011
Treasury stock, value(136)(135)(134)(134)(134)(134)(134)
Additional paid in capital1,2501,2481,2461,2441,2431,2401,238
Accumulated other comprehensive loss(101)(103)(97)(97)(100)(110)(116)
Accumulated deficit(684)(665)(653)(631)(602)(569)(547)
Total stockholders' equity:329346362382406427441
TOTAL LIABILITIES AND EQUITY:7918008048448909241,067

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues148141137115113104113
Cost of revenue
(Cost of Goods and Services Sold)
(118)(106)(105)(88)(172)(90)(100)
Gross profit:30353226(59)1313
Operating expenses(43)(42)(42)(41)(45)(50)(48)
Operating loss:(13)(7)(10)(14)(104)(37)(35)
Nonoperating income (expense)(10)(3)(11)(14)721729
Foreign currency transaction gain (loss), before tax(2)41(3)(7)(3)(1)
Interest and debt expense5(0)(4)(1)(74)2936
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  4174(29)(36)
Loss from continuing operations before equity method investments, income taxes:(18)(11)(21)(28)(32)(21)(6)
Other undisclosed income (loss) from continuing operations before income taxes(5)0     
Loss from continuing operations before income taxes:(23)(11)(21)(28)(32)(21)(6)
Income tax expense (benefit)3(1)(1)(2)(1)(1)0
Net loss available to common stockholders, diluted:(20)(12)(22)(30)(33)(22)(5)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net loss:(20)(12)(22)(30)(33)(22)(5)
Other comprehensive income (loss)10(0)0(1)(0)(0)
Other undisclosed comprehensive income (loss)3(6)03162
Comprehensive loss:(16)(17)(22)(26)(32)(16)(4)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)   9  
Comprehensive loss, net of tax, attributable to parent:(18)(17)(22)(26)(23)(16)(4)

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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