FTS International, Inc. (FTSI) Financial Statements (2024 and earlier)

Company Profile

Business Address 777 MAIN STREET
FORT WORTH, TX 76102
State of Incorp. DE
Fiscal Year End December 31
Industry (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 thousands)

9/30/2021
MRQ
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 94,000223,000177,800
Cash and cash equivalents 94,000223,000177,800
Receivables 26,90077,000158,300
Inventory, net of allowances, customer advances and progress billings 29,00045,50066,600
Inventory 29,00045,50066,600
Prepaid expense 6,7004,4005,800
Other current assets 1002,6001,200
Other undisclosed current assets 12,700  
Total current assets: 169,400352,500409,700
Noncurrent Assets
Operating lease, right-of-use asset 4,50026,300
Property, plant and equipment 132,300227,000275,300
Long-term investments and receivables   23,200
Long-term investments   23,200
Intangible assets, net (including goodwill) 7,40029,50029,500
Intangible assets, net (excluding goodwill) 7,40029,50029,500
Other noncurrent assets 1,4004,0006,000
Total noncurrent assets: 145,600286,800334,000
TOTAL ASSETS: 315,000639,300743,700
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 39,40059,300132,400
Accounts payable 26,90036,400101,100
Accrued liabilities 12,50022,90031,300
Debt  14,300 
Other liabilities 30011,600 
Other undisclosed current liabilities 3,000  
Total current liabilities: 42,70085,200132,400
Noncurrent Liabilities
Long-term debt and lease obligation 3,300470,800503,200
Long-term debt, excluding current maturities  456,900503,200
Liabilities, other than long-term debt 2,40045,6001,200
Other liabilities 2,40045,6001,200
Operating lease, liability 3,30013,900
Total noncurrent liabilities: 5,700516,400504,400
Total liabilities: 48,400601,600636,800
Equity
Equity, attributable to parent 266,60037,700106,900
Common stock 10036,40036,400
Additional paid in capital 279,9004,382,0004,378,400
Accumulated deficit (13,400)(4,380,700)(4,307,900)
Total equity: 266,60037,700106,900
TOTAL LIABILITIES AND EQUITY: 315,000639,300743,700

Income Statement (P&L) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
Revenues 22,600776,6001,543,300
Cost of revenue (29,200)(726,400)(1,137,100)
Cost of goods and services sold (28,700)(661,400)(75,900)
Gross profit: (6,600)50,200406,200
Operating expenses (4,700)(99,800)(87,800)
Operating income (loss): (11,300)(49,600)318,400
Nonoperating income
(Investment Income, Nonoperating)
  7,000 
Interest and debt expense  1,200(9,800)
Income (loss) from continuing operations before equity method investments, income taxes: (11,300)(41,400)308,600
Income from equity method investments  6001,100
Other undisclosed loss from continuing operations before income taxes (2,100)(30,700)(49,300)
Income (loss) from continuing operations before income taxes: (13,400)(71,500)260,400
Income tax expense  (1,400)(2,000)
Income (loss) from continuing operations: (13,400)(72,900)258,400
Income (loss) before gain (loss) on sale of properties:(13,400)(72,900)258,400
Net income (loss) attributable to parent: (13,400)(72,900)258,400
Other undisclosed net income available to common stockholders, basic   423,200
Net income (loss) available to common stockholders, diluted: (13,400)(72,900)681,600

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
Net income (loss): (13,400)(72,900)258,400
Comprehensive income (loss), net of tax, attributable to parent: (13,400)(72,900)258,400

Statements Sources

The financial statements are based on the Company's filings with 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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