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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39496080101
Cash and cash equivalents39496080101
Restricted cash and investments11111
Receivables1211152016
Inventory, net of allowances, customer advances and progress billings1214231622
Inventory1214231622
Other current assets332913
Total current assets:6679101126152
Noncurrent Assets
Finance lease, right-of-use asset00   
Operating lease, right-of-use asset222216
Property, plant and equipment   840
Intangible assets, net (including goodwill)8830  
Goodwill8818  
Intangible assets, net (excluding goodwill)  13  
Deferred income tax assets00000
Other noncurrent assets000  
Other undisclosed noncurrent assets998 23
Total noncurrent assets:2019411179
TOTAL ASSETS:8698142137232
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2419181741
Accounts payable668916
Accrued liabilities181310825
Taxes payable0000 
Interest and dividends payable00   
Debt44311
Other undisclosed current liabilities111  
Total current liabilities:2924221841
Noncurrent Liabilities
Long-term debt and lease obligation1011121017
Long-term debt, excluding current maturities223  
Finance lease, liability00000
Operating lease, liability8881017
Liabilities, other than long-term debt000 0
Deferred revenue000  
Deferred income tax liabilities 00 0
Total noncurrent liabilities:1011121017
Total liabilities:3934332859
Stockholders' equity
Stockholders' equity attributable to parent4764109109173
Common stock00000
Treasury stock, value(34)(34)(34)(34)(33)
Additional paid in capital360359358348348
Accumulated other comprehensive income (loss)(0)00(1)(1)
Accumulated deficit(279)(261)(216)(205)(140)
Total stockholders' equity:4764109109173
TOTAL LIABILITIES AND EQUITY:8698142137232

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
Revenues121391920
Cost of revenue(24)(41)(12)(80)(53)
Cost of goods and services sold(24)(29)(12)(23) 
Gross profit:(12)(28)(3)(61)(33)
Operating expenses(6)(17)(7)(9)103
Other undisclosed operating loss    (107)
Operating loss:(18)(46)(10)(70)(37)
Nonoperating income (expense)001(0)0
Other nonoperating income (expense)000(0)0
Interest and debt expense(0)(0)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes00000
Loss from continuing operations before income taxes:(18)(45)(10)(70)(36)
Income tax expense (benefit)(0)006(1)
Loss from continuing operations:(18)(45)(10)(64)(37)
Loss from discontinued operations    (2)
Net loss available to common stockholders, diluted:(18)(45)(10)(64)(40)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
Net loss:(18)(45)(10)(64)(40)
Other undisclosed comprehensive income (loss)57  (0)(0)
Comprehensive income (loss):40(45)(10)(64)(40)
Other undisclosed comprehensive loss, net of tax, attributable to parent(57)(0)(0)  
Comprehensive loss, net of tax, attributable to parent:(18)(45)(10)(64)(40)

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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