FTS International, Inc. (FTSI) financial statements (2020 and earlier)

Company profile

Business Address 777 MAIN STREET
FORT WORTH, TX 76102
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
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments223204162172178167126
Cash and cash equivalents223204162172178167126
Receivables77120142151158222308
Inventory, net of allowances, customer advances and progress billings46486068676862
Inventory46486068676862
Prepaid expense4   6  
Other current assets3   1  
Other undisclosed current assets 12146 89
Total current assets:353384378396410465505
Noncurrent Assets
Operating lease, right-of-use asset263035 
Property, plant and equipment227238251261275285285
Long-term investments and receivables  2424232020
Long-term investments  2424232020
Intangible assets, net (including goodwill)30303030303030
Intangible assets, net (excluding goodwill)30303030303030
Other noncurrent assets4456678
Other undisclosed noncurrent assets   33   
Total noncurrent assets:287302345354334341342
TOTAL ASSETS:639686723750744806848
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities599299114132171196
Accounts payable36587376101120153
Accrued liabilities23352638315143
Debt141517    
Other liabilities12121228   
Other undisclosed current liabilities   22   
Total current liabilities:85119128164132171196
Noncurrent Liabilities
Long-term debt and lease obligation471474493477503560629
Long-term debt, excluding current maturities457457472477503560629
Operating lease, liability141721 
Liabilities, other than long-term debt46464444111
Other liabilities46464444111
Other undisclosed noncurrent liabilities   12   
Total noncurrent liabilities:516520537533504561630
Total liabilities:602639665697637731826
Stockholders' equity
Stockholders' equity attributable to parent384758531077522
Common stock36363636363636
Additional paid in capital4,3824,3784,3794,3804,3784,3734,369
Accumulated deficit(4,381)(4,368)(4,357)(4,363)(4,308)(4,334)(4,384)
Total stockholders' equity:384758531077522
TOTAL LIABILITIES AND EQUITY:639686723750744806848

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
Revenues142186226223248334493
Cost of revenue(123)(171)(189)(244)(195)(253)(354)
Cost of goods and services sold(124)(168)(187)(22)(20)(19)(19)
Gross profit:191537(21)5381139
Operating expenses(25)(25)(23)(27)(21)(20)(21)
Operating income (loss):(6)(10)14(48)3262119
Nonoperating income
(Investment Income, Nonoperating)
 7     
Interest and debt expense 1(0)11(1)(1)
Income (loss) from continuing operations before equity method investments, income taxes:(6)(2)14(47)3361118
Income (loss) from equity method investments   13(1)(1)
Other undisclosed loss from continuing operations before income taxes(7)(8)(8)(8)(9)(10)(12)
Income (loss) from continuing operations before income taxes:(13)(10)6(55)2650105
Income tax expense (benefit)(0)(1)(0)(0)0(0)(1)
Net income (loss) available to common stockholders, diluted:(13)(11)6(55)2750104

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 income (loss):(13)(11)6(55)2750104
Comprehensive income (loss), net of tax, attributable to parent:(13)(11)6(55)2750104

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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