Keane Group, Inc. (FRAC) financial statements (2020 and earlier)

Company profile

Business Address 3990 ROGERDALE RD.
HOUSTON, TX 77042
State of Incorp. DE
Fiscal Year End December 31
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 millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments255157  80
Cash and cash equivalents255157  80
Receivables351196  210
Inventory, net of allowances, customer advances and progress billings6222  36
Inventory6222  36
Assets held-for-sale, not part of disposal group00  0
Other undisclosed current assets206  6
Total current assets:688381  332
Noncurrent Assets
Finance lease, right-of-use asset109  
Operating lease, right-of-use asset5541  
Property, plant and equipment709437  531
Intangible assets, net (including goodwill)192184  184
Goodwill137133  133
Intangible assets, net (excluding goodwill)5551  52
Other noncurrent assets116  7
Total noncurrent assets:977677  722
TOTAL ASSETS:1,6651,059  1,055
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities350185  208
Accounts payable115106  107
Accrued liabilities23579  102
Deferred revenue 0  
Debt3026  8
Deferred compensation liability    4
Contract with customer, liability0
Other liabilities62  0
Total current liabilities:386213  221
Noncurrent Liabilities
Long-term debt and lease obligation375364  344
Long-term debt, excluding current maturities335336  338
Finance lease, liability56  
Capital lease obligations6
Operating lease, liability3522  
Liabilities, other than long-term debt1710  3
Other liabilities1710  3
Total noncurrent liabilities:392373  347
Total liabilities:778587  567
Stockholders' equity
Stockholders' equity attributable to parent887472  487
Common stock21  1
Additional paid in capital967471  455
Accumulated other comprehensive loss(9)(10)  (1)
Retained earnings (accumulated deficit)(73)10  31
Total stockholders' equity:887472  487
TOTAL LIABILITIES AND EQUITY:1,6651,059  1,055

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
Revenues528444  487
Cost of revenue(408)(333)  (180)
Cost of goods and services sold(78)(65)  (68)
Other undisclosed gross profit    (193)
Gross profit:120111  114
Operating expenses(197)(33)  (288)
Other undisclosed operating income (loss) (69)  188
Operating income (loss):(77)8  14
Nonoperating expense(6)(5)  (9)
Other nonoperating income (expense)(0)0  (2)
Interest and debt expense16(5)  (0)
Other undisclosed income from continuing operations before equity method investments, income taxes1   8
Income (loss) from continuing operations before equity method investments, income taxes:(67)(2)  13
Other undisclosed income (loss) from continuing operations before income taxes(16)5  (8)
Income (loss) from continuing operations before income taxes:(83)3  6
Income tax expense (benefit)(0)1  1
Net income (loss) available to common stockholders, diluted:(83)4  6

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
Net income (loss):(83)4  6
Other comprehensive loss    (1)
Other undisclosed comprehensive loss(8)    
Comprehensive income (loss):(91)4  5
Other undisclosed comprehensive income (loss), net of tax, attributable to parent9(2)  (3)
Comprehensive income (loss), net of tax, attributable to parent:(82)1  2

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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