FTS International, Inc. (FTSI) financial statements (2021 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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments94145193199223204162
Cash and cash equivalents94145193199223204162
Receivables2729217977120142
Inventory, net of allowances, customer advances and progress billings29364044464860
Inventory29364044464860
Prepaid expense7   4  
Other current assets0   3  
Other undisclosed current assets1320615 1214
Total current assets:169229259337353384378
Noncurrent Assets
Operating lease, right-of-use asset562123263035
Property, plant and equipment132186204223227238251
Long-term investments and receivables      24
Long-term investments      24
Intangible assets, net (including goodwill)7303030303030
Intangible assets, net (excluding goodwill)7303030303030
Other noncurrent assets1144445
Total noncurrent assets:146223258279287302345
TOTAL ASSETS:315452517616639686723
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities39243079599299
Accounts payable27151754365873
Accrued liabilities13101325233526
Debt  8014141517
Other liabilities0131315121212
Other undisclosed current liabilities35     
Total current liabilities:434212310785119128
Noncurrent Liabilities
Long-term debt and lease obligation34378445471474493
Long-term debt, excluding current maturities  368435457457472
Operating lease, liability341011141721
Liabilities, other than long-term debt233535464644
Other liabilities233535464644
Other undisclosed noncurrent liabilities 488     
Total noncurrent liabilities:6494413480516520537
Total liabilities:48536535587602639665
Stockholders' equity
Stockholders' equity attributable to parent267(84)(18)29384758
Common stock0363636363636
Additional paid in capital2804,3914,3894,3854,3824,3784,379
Accumulated deficit(13)(4,512)(4,443)(4,392)(4,381)(4,368)(4,357)
Total stockholders' equity:267(84)(18)29384758
TOTAL LIABILITIES AND EQUITY:315452517616639686723

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
9/30/2019
Q3
6/30/2019
Q2
Revenues(191)3230152142186226
Cost of revenue238(68)(59)(140)(123)(171)(189)
Cost of goods and services sold202(48)(48)(136)(124)(168)(187)
Gross profit:48(36)(30)11191537
Operating expenses38(12)(13)(18)(25)(25)(23)
Operating income (loss):86(48)(43)(6)(6)(10)14
Nonoperating income
(Investment Income, Nonoperating)
     7 
Interest and debt expense   2 1(0)
Other undisclosed loss from continuing operations before equity method investments, income taxes(2)      
Income (loss) from continuing operations before equity method investments, income taxes:84(48)(43)(4)(6)(2)14
Other undisclosed income (loss) from continuing operations before income taxes34(21)(7)(7)(7)(8)(8)
Income (loss) from continuing operations before income taxes:118(69)(51)(12)(13)(10)6
Income tax expense    (0)(1)(0)
Net income (loss) available to common stockholders, diluted:118(69)(51)(12)(13)(11)6

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):118(69)(51)(12)(13)(11)6
Comprehensive income (loss), net of tax, attributable to parent:118(69)(51)(12)(13)(11)6

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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