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)Annual | Quarterly
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 investments | 59,976 | 57,559 | 48,352 | 52,853 | 60,404 | 114,256 | |||
Cash and cash equivalents | 59,976 | 57,559 | 48,352 | 52,853 | 60,404 | 114,256 | |||
Receivables | 72,798 | 71,824 | 95,122 | 119,426 | 97,264 | 101,029 | |||
Inventory, net of allowances, customer advances and progress billings | 29,105 | 39,974 | 45,168 | 47,240 | 44,400 | 57,089 | |||
Inventory | 29,105 | 39,974 | 45,168 | 47,240 | 44,400 | 57,089 | |||
Other undisclosed current assets | 7,465 | 9,818 | 13,396 | 11,026 | 12,482 | 13,239 | |||
Total current assets: | 169,344 | 179,175 | 202,038 | 230,545 | 214,550 | 285,613 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 40,878 | ✕ | |||||||
Property, plant and equipment | 665,678 | 810,906 | 825,320 | 1,044,724 | 1,042,350 | 1,031,188 | |||
Long-term investments and receivables | 38,324 | 37,173 | 35,440 | 33,560 | 39,254 | 37,354 | |||
Long-term investments | 38,324 | 37,173 | 35,440 | 33,560 | 39,254 | 37,354 | |||
Intangible assets, net (including goodwill), including: | 37,055 | 38,141 | 39,227 | 89,084 | 72,090 | 71,575 | |||
Goodwill | 35,613 | 21,881 | |||||||
Intangible assets, net (excluding goodwill) | 37,055 | 38,141 | 39,227 | 53,471 | 49,694 | ||||
Other undisclosed intangible assets, net (including goodwill) | 72,090 | ||||||||
Other noncurrent assets | 1,803 | 1,656 | 1,756 | 1,854 | 2,760 | 8,108 | |||
Other undisclosed noncurrent assets | 44,086 | 49,577 | 128,211 | 128,467 | |||||
Total noncurrent assets: | 783,738 | 931,962 | 951,320 | 1,297,433 | 1,284,921 | 1,148,225 | |||
TOTAL ASSETS: | 953,082 | 1,111,137 | 1,153,358 | 1,527,978 | 1,499,471 | 1,433,838 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 44,823 | 71,582 | 47,370 | 51,902 | 33,635 | 118,993 | |||
Interest and dividends payable | 18,188 | 18,464 | |||||||
Taxes payable | 3,915 | 10,917 | |||||||
Employee-related liabilities | 6,529 | 12,144 | |||||||
Accounts payable | 44,823 | 40,592 | 47,370 | 51,902 | 33,635 | 71,039 | |||
Accrued liabilities | 2,358 | 6,429 | |||||||
Deferred revenue | 7,074 | ✕ | |||||||
Debt | 499,635 | 2,628 | 3,964 | 1,604 | 1,147 | 2,194 | |||
Business combination, contingent consideration, liability | 400 | ||||||||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 19,940 | ||
Other liabilities | 2,950 | 2,961 | |||||||
Other undisclosed current liabilities | 33,407 | 49,267 | 86,462 | 125,214 | 105,355 | 10,422 | |||
Total current liabilities: | 584,939 | 126,827 | 137,796 | 178,720 | 140,137 | 154,510 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 76,453 | 445,339 | 445,211 | 441,637 | 442,901 | 443,283 | |||
Long-term debt, excluding current maturities | 3,494 | 445,339 | 445,211 | 441,637 | 442,901 | 443,283 | |||
Liabilities, other than long-term debt | 37,745 | 12,496 | 14,676 | 18,516 | 19,037 | 28,798 | |||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 9,845 | ||
Deferred revenue | 11,345 | ✕ | |||||||
Asset retirement obligations | 11,097 | 10,964 | 10,836 | 10,936 | 10,806 | 10,677 | |||
Deferred income tax liabilities | 13,860 | ✕ | |||||||
Other liabilities | 1,443 | 1,532 | 3,840 | 7,580 | 8,231 | 8,276 | |||
Operating lease, liability | 72,959 | ✕ | |||||||
Other undisclosed noncurrent liabilities | 125,351 | 133,475 | 200,120 | 92,754 | |||||
Total noncurrent liabilities: | 114,198 | 583,186 | 593,362 | 660,273 | 554,692 | 472,081 | |||
Total liabilities: | 699,137 | 710,013 | 731,158 | 838,993 | 694,829 | 626,591 | |||
Equity | |||||||||
Equity, attributable to parent | 253,945 | 401,124 | 422,200 | 688,985 | (2,506) | (4,230) | |||
Common stock | 1,009 | 1,007 | 1,009 | 1,006 | |||||
Additional paid in capital | 805,139 | 804,218 | 804,180 | 803,371 | |||||
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 | 807,148 | 811,477 | |||||||
Total equity: | 253,945 | 401,124 | 422,200 | 688,985 | 804,642 | 807,247 | |||
TOTAL LIABILITIES AND EQUITY: | 953,082 | 1,111,137 | 1,153,358 | 1,527,978 | 1,499,471 | 1,433,838 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 146,413 | 125,487 | 172,972 | 178,001 | 159,910 | 162,235 | ||
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: | 9,658 | 7,333 | 15,192 | 22,667 | 18,116 | 18,596 | ||
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 | 400 | 2,174 | 5,181 | 672 | 1,836 | |||
Operating income (loss): | (152,449) | (15,316) | (340,569) | 5,833 | 3,267 | (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 investments | 1,151 | 1,733 | 1,880 | 1,284 | 1,116 | 1,250 | ||
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) | 16,137 | 3,800 | 81,982 | (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)Annual | Quarterly
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) | 259 | 900 | 647 | 1,724 | |||
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.