Hi-Crush Inc. (HCR) Financial Statements (2024 and earlier)

Company Profile

Business Address 1330 POST OAK BLVD.
HOUSTON, TX 77056
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments59,97657,55948,35252,85360,404114,256
Cash and cash equivalents59,97657,55948,35252,85360,404114,256
Receivables72,79871,82495,122119,42697,264101,029
Inventory, net of allowances, customer advances and progress billings29,10539,97445,16847,24044,40057,089
Inventory29,10539,97445,16847,24044,40057,089
Other undisclosed current assets7,4659,81813,39611,02612,48213,239
Total current assets:169,344179,175202,038230,545214,550285,613
Noncurrent Assets
Operating lease, right-of-use asset40,878    
Property, plant and equipment665,678810,906825,3201,044,7241,042,3501,031,188
Long-term investments and receivables38,32437,17335,44033,56039,25437,354
Long-term investments38,32437,17335,44033,56039,25437,354
Intangible assets, net (including goodwill), including:37,05538,14139,22789,08472,09071,575
Goodwill    35,613 21,881
Intangible assets, net (excluding goodwill)37,05538,14139,22753,471 49,694
Other undisclosed intangible assets, net (including goodwill)     72,090 
Other noncurrent assets1,8031,6561,7561,8542,7608,108
Other undisclosed noncurrent assets  44,08649,577128,211128,467 
Total noncurrent assets:783,738931,962951,3201,297,4331,284,9211,148,225
TOTAL ASSETS:953,0821,111,1371,153,3581,527,9781,499,4711,433,838
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities44,82371,58247,37051,90233,635118,993
Interest and dividends payable  18,188   18,464
Taxes payable  3,915   10,917
Employee-related liabilities  6,529   12,144
Accounts payable44,82340,59247,37051,90233,63571,039
Accrued liabilities  2,358   6,429
Deferred revenue7,074    
Debt499,6352,6283,9641,6041,1472,194
Business combination, contingent consideration, liability  400    
Deferred revenue and credits19,940
Other liabilities  2,950   2,961
Other undisclosed current liabilities33,40749,26786,462125,214105,35510,422
Total current liabilities:584,939126,827137,796178,720140,137154,510
Noncurrent Liabilities
Long-term debt and lease obligation76,453445,339445,211441,637442,901443,283
Long-term debt, excluding current maturities3,494445,339445,211441,637442,901443,283
Liabilities, other than long-term debt37,74512,49614,67618,51619,03728,798
Deferred revenue and credits9,845
Deferred revenue11,345    
Asset retirement obligations11,09710,96410,83610,93610,80610,677
Deferred income tax liabilities13,860    
Other liabilities1,4431,5323,8407,5808,2318,276
Operating lease, liability72,959    
Other undisclosed noncurrent liabilities  125,351133,475200,12092,754 
Total noncurrent liabilities:114,198583,186593,362660,273554,692472,081
Total liabilities:699,137710,013731,158838,993694,829626,591
Equity
Equity, attributable to parent253,945401,124422,200688,985(2,506)(4,230)
Common stock1,0091,0071,0091,006  
Additional paid in capital805,139804,218804,180803,371  
Accumulated other comprehensive loss(1,880)(700)(959)(1,859)(2,506)(4,230)
Accumulated deficit(550,323)(403,401)(382,030)(113,533)  
Other undisclosed equity     807,148811,477
Total equity:253,945401,124422,200688,985804,642807,247
TOTAL LIABILITIES AND EQUITY:953,0821,111,1371,153,3581,527,9781,499,4711,433,838

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

6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
Revenues146,413125,487172,972178,001159,910162,235
Cost of revenue
(Cost of Goods and Services Sold)
(136,755)(11,662)(14,320)(14,062)(11,272)(9,762)
Other undisclosed gross profit  (106,492)(143,460)(141,272)(130,522)(133,877)
Gross profit:9,6587,33315,19222,66718,11618,596
Operating expenses(160,165)(24,588)(360,284)(17,037)(14,418)(22,396)
Other operating income (expense), net
(Other Nonrecurring (Income) Expense)
(2,342)(235)(658)(469)(431) 
Other undisclosed operating income 4002,1745,181672 1,836
Operating income (loss):(152,449)(15,316)(340,569)5,8333,267(1,964)
Interest and debt expense(11,761)(11,588)(11,790)(11,806)(10,590)(10,193)
Loss from continuing operations before equity method investments, income taxes:(164,210)(26,904)(352,359)(5,973)(7,323)(12,157)
Income from equity method investments1,1511,7331,8801,2841,1161,250
Other undisclosed income from continuing operations before income taxes    3,612  
Loss from continuing operations before income taxes:(163,059)(25,171)(350,479)(1,077)(6,207)(10,907)
Income tax expense (benefit)16,1373,80081,982(116,407)  
Loss from continuing operations:(146,922)(21,371)(268,497)(117,484)(6,207)(10,907)
Loss before gain (loss) on sale of properties:(146,922)(21,371)(268,497)(117,484)(6,207)(10,907)
Net loss attributable to parent:(146,922)(21,371)(268,497)(117,484)(6,207)(10,907)
Undistributed earnings (loss) allocated to participating securities, basic      10,907
Net loss available to common stockholders, diluted:(146,922)(21,371)(268,497)(117,484)(6,207) 

Comprehensive Income ($ in thousands)

6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
Net loss:(146,922)(21,371)(268,497)(117,484)(6,207)(10,907)
Other comprehensive income (loss)(1,180)2599006471,724 
Other undisclosed comprehensive loss      (4,230)
Comprehensive loss, net of tax, attributable to parent:(148,102)(21,112)(267,597)(116,837)(4,483)(15,137)

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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