Forum Energy Technologies, Inc. (FET) financial statements (2020 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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments58293730472739
Cash and cash equivalents58293730472739
Receivables154183181204206215211
Inventory, net of allowances, customer advances and progress billings415443469472479503486
Inventory415443469472479503486
Contract with customer, asset5699101211
Other undisclosed current assets34323229242818
Total current assets:666693728743766785765
Noncurrent Assets
Finance lease, right-of-use asset22  
Operating lease, right-of-use asset495154 
Property, plant and equipment155160172173177180182
Long-term investments and receivables  4545454141
Long-term investments  4545454141
Intangible assets, net (including goodwill)(734)(727)8138218291,1431,151
Goodwill(1,007)(1,007)471471470752751
Intangible assets, net (excluding goodwill)272279342350359390399
Regulated entity, other noncurrent assets32 3334
Deferred income tax assets1   
Other noncurrent assets1615999109
Other undisclosed noncurrent assets1,0031,004256076
Total noncurrent assets:4945071,0941,1071,0641,3841,392
TOTAL ASSETS:1,1601,1991,8221,8501,8302,1702,157
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities185211213225224212216
Accounts payable99124138152143143153
Accrued liabilities87877573817063
Debt1110111
Other undisclosed current liabilities1112108121312
Total current liabilities:197224224234237226229
Noncurrent Liabilities
Long-term debt and lease obligation, including:399400478488518466466
Finance lease, liability111 
Operating lease, liability505253 
Other undisclosed long-term debt and lease obligation348347424488518466466
Liabilities, other than long-term debt28384627303532
Deferred income tax liabilities21320 
Other liabilities26252627303532
Other undisclosed noncurrent liabilities50525371152212
Total noncurrent liabilities:477490577585563523510
Total liabilities:674714802819800749739
Stockholders' equity
Stockholders' equity attributable to parent4864851,0201,0311,0301,4211,418
Common stock1111111
Treasury stock, value(134)(134)(134)(134)(134)(134)(134)
Additional paid in capital1,2321,2281,2231,2191,2151,2121,205
Accumulated other comprehensive loss(109)(118)(112)(110)(115)(106)(104)
Retained earnings (accumulated deficit)(503)(491)425664447450
Total stockholders' equity:4864851,0201,0311,0301,4211,418
TOTAL LIABILITIES AND EQUITY:1,1601,1991,8221,8501,8302,1702,157

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues200239246272273267274
Cost of revenue
(Cost of Goods and Services Sold)
(151)(177)(182)(202)(231)(192)(201)
Gross profit:49636370427573
Operating expenses(57)(596)(63)(65)(423)(73)(85)
Other undisclosed operating income (loss) (0)1(1)010
Operating income (loss):(8)(533)14(381)2(12)
Nonoperating expense(13)(3)(6)(10)(6)(7)(2)
Investment income, nonoperating 2     
Foreign currency transaction gain (loss), before tax(8)32(2)316
Interest and debt expense(2)(0)(0)    
Other undisclosed income from continuing operations before equity method investments, income taxes200    
Loss from continuing operations before income taxes:(21)(536)(5)(6)(387)(4)(14)
Income tax expense (benefit)93(8)(2)31(2)
Net loss available to common stockholders, diluted:(12)(533)(14)(8)(384)(3)(15)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net loss:(12)(533)(14)(8)(384)(3)(15)
Other comprehensive income (loss)(2)(0)0(0)100
Other undisclosed comprehensive income (loss)11(6)(1)5(11)(2)(19)
Comprehensive loss, net of tax, attributable to parent:(3)(539)(15)(3)(393)(5)(34)

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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