Flotek Industries, Inc. (FTK) financial statements (2021 and earlier)

Company profile

Business Address 8846 N. SAM HOUSTON PARKWAY W.
HOUSTON, TX 77064
State of Incorp. DE
Fiscal Year End December 31
SIC 289 - Miscellaneous Chemical Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39101355
Cash and cash equivalents39101355
Restricted cash and investments11   
Receivables1216404960
Inventory, net of allowances, customer advances and progress billings1222277658
Inventory1222277658
Disposal group, including discontinued operation  118 44
Deferred tax assets  0
Other current assets3136922
Total current assets:66152195138189
Noncurrent Assets
Finance lease, right-of-use asset0 
Operating lease, right-of-use asset216
Property, plant and equipment 40457475
Intangible assets, net (including goodwill)8 27105107
Goodwill8  5757
Intangible assets, net (excluding goodwill)  274850
Deferred income tax assets00
Other noncurrent assets0 0  
Other undisclosed noncurrent assets923191316
Total noncurrent assets:207991191198
TOTAL ASSETS:86232286330387
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2441253742
Accounts payable616152230
Accrued liabilities1825101512
Taxes payable0    
Interest and dividends payable0 000
Debt41502841
Disposal group, including discontinued operation  9 5
Deferred tax liabilities  3
Other undisclosed current liabilities1    
Total current liabilities:2941846591
Noncurrent Liabilities
Long-term debt and lease obligation1017  8
Long-term debt, excluding current maturities2   8
Finance lease, liability00
Operating lease, liability817
Liabilities, other than long-term debt00   
Deferred revenue0 
Deferred income tax liabilities 0
Total noncurrent liabilities:1017  8
Total liabilities:3959846599
Stockholders' equity
Stockholders' equity attributable to parent47173202265287
Common stock00000
Treasury stock, value(34)(33)(33)(33)(20)
Additional paid in capital360348344336318
Accumulated other comprehensive loss(0)(1)(1)(1)(1)
Accumulated deficit(279)(140)(108)(37)(10)
Stockholders' equity attributable to noncontrolling interest   00
Total stockholders' equity:47173202265288
TOTAL LIABILITIES AND EQUITY:86232286330387

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues53119178317263
Revenue, net317263
Cost of revenue(100)(159)(156)(215)(172)
Cost of goods and services sold(88)(149)(2)(215)(172)
Gross profit:(47)(40)2210291
Operating expenses(97)(37)(92)(14)(98)
Other undisclosed operating loss   (91) 
Operating loss:(144)(77)(70)(3)(7)
Nonoperating income (expense)1(0)(11)(1)10
Other nonoperating income (expense)12(5)1(0)
Interest and debt expense(0)(2)(3)(2)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes02322
Income (loss) from continuing operations before income taxes:(143)(77)(81)(4)3
Income tax expense (benefit)607(9)(1)
Income (loss) from continuing operations:(136)(77)(73)(13)2
Income (loss) from discontinued operations 443 (0)
Income (loss) before gain (loss) on sale of properties:(136)(32)(71)(13)2
Unusual or infrequent item, or both, net (gain) loss(58)    
Net income (loss):(194)(32)(71)(13)2
Net income attributable to noncontrolling interest  0  
Other undisclosed net income (loss) attributable to parent58  (14)(51)
Net loss available to common stockholders, diluted:(136)(32)(70)(27)(49)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(194)(32)(71)(13)2
Other undisclosed comprehensive income (loss)570(0)  
Comprehensive income (loss):(137)(32)(71)(13)2
Comprehensive income, net of tax, attributable to noncontrolling interest  0  
Other undisclosed comprehensive loss, net of tax, attributable to parent   (14)(50)
Comprehensive loss, net of tax, attributable to parent:(137)(32)(71)(27)(49)

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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