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
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments98,90086,40094,000144,500192,500199,200
Cash and cash equivalents98,90086,40094,000144,500192,500199,200
Receivables46,80056,50026,90028,60020,80079,200
Inventory, net of allowances, customer advances and progress billings34,50031,80029,00035,60040,00043,600
Inventory34,50031,80029,00035,60040,00043,600
Prepaid expense   6,700   
Other current assets   100   
Other undisclosed current assets4,7004,50012,70020,3005,80015,000
Total current assets:184,900179,200169,400229,000259,100337,000
Noncurrent Assets
Operating lease, right-of-use asset3,2003,8004,5006,40021,10022,500
Property, plant and equipment117,900125,400132,300185,900203,700223,100
Intangible assets, net (including goodwill)7,1007,2007,40029,50029,50029,500
Intangible assets, net (excluding goodwill)7,1007,2007,40029,50029,50029,500
Other noncurrent assets1,4001,4001,4001,4003,8003,900
Total noncurrent assets:129,600137,800145,600223,200258,100279,000
TOTAL ASSETS:314,500317,000315,000452,200517,200616,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities50,50050,00039,40024,40029,80078,800
Accounts payable35,30039,10026,90014,80016,80053,600
Accrued liabilities15,20010,90012,5009,60013,00025,200
Debt     80,20013,800
Other liabilities30030030012,80012,80014,600
Other undisclosed current liabilities2,1002,6003,0004,600  
Total current liabilities:52,90052,90042,70041,800122,800107,200
Noncurrent Liabilities
Long-term debt and lease obligation2,1002,3003,3003,800377,500445,200
Long-term debt, excluding current maturities     367,800434,700
Liabilities, other than long-term debt2,1002,2002,4002,50035,00034,600
Other liabilities2,1002,2002,4002,50035,00034,600
Operating lease, liability2,1002,3003,3003,8009,70010,500
Other undisclosed noncurrent liabilities    488,100  
Total noncurrent liabilities:4,2004,5005,700494,400412,500479,800
Total liabilities:57,10057,40048,400536,200535,300587,000
Equity
Equity, attributable to parent257,400259,600266,600(84,000)(18,100)29,000
Common stock10010010036,40036,40036,400
Additional paid in capital281,200280,800279,9004,391,4004,388,6004,385,000
Accumulated deficit(23,900)(21,300)(13,400)(4,511,800)(4,443,100)(4,392,400)
Total equity:257,400259,600266,600(84,000)(18,100)29,000
TOTAL LIABILITIES AND EQUITY:314,500317,000315,000452,200517,200616,000

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

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Revenues99,80095,900(190,500)32,10029,500151,500
Cost of revenue(89,600)(92,600)238,400(67,900)(59,400)(140,300)
Cost of goods and services sold(89,000)(91,900)202,000(47,500)(48,100)(135,700)
Gross profit:10,2003,30047,900(35,800)(29,900)11,200
Operating expenses(12,600)(10,600)38,100(11,800)(13,400)(17,600)
Operating income (loss):(2,400)(7,300)86,000(47,600)(43,300)(6,400)
Interest and debt expense      2,000
Other undisclosed loss from continuing operations before equity method investments, income taxes   (2,000)   
Income (loss) from continuing operations before equity method investments, income taxes:(2,400)(7,300)84,000(47,600)(43,300)(4,400)
Other undisclosed income (loss) from continuing operations before income taxes(100)(600)33,700(21,100)(7,400)(7,300)
Income (loss) from continuing operations before income taxes:(2,500)(7,900)117,700(68,700)(50,700)(11,700)
Income tax expense(100)     
Income (loss) from continuing operations:(2,600)(7,900)117,700(68,700)(50,700)(11,700)
Income (loss) before gain (loss) on sale of properties:(2,600)(7,900)117,700(68,700)(50,700)(11,700)
Net income (loss) available to common stockholders, diluted:(2,600)(7,900)117,700(68,700)(50,700)(11,700)

Comprehensive Income ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Net income (loss):(2,600)(7,900)117,700(68,700)(50,700)(11,700)
Comprehensive income (loss), net of tax, attributable to parent:(2,600)(7,900)117,700(68,700)(50,700)(11,700)

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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