Integrated Drilling Equipment Holdings Corp (IRIG) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
25311 I-45 NORTH SPRING, TX 77380 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3533 - Oil and Gas Field Machinery and Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 981 | 1,602 | |||
| Cash and cash equivalent | 981 | 1,602 | |||
| Restricted cash and investments | 503 | ||||
| Receivables | 13,333 | 27,393 | |||
| Inventory, net of allowances, customer advances and progress billings | 7,039 | 12,339 | |||
| Inventory | 7,039 | 12,339 | |||
| Deferred costs | |||||
| Prepaid expense and other current assets | ✕ | ✕ | 1,041 | ||
| Deferred tax assets | 133 | 1,036 | |||
| Other undisclosed current assets | 865 | ||||
| Total current assets: | 22,351 | 43,914 | |||
| Noncurrent Assets | |||||
| Property, plant and equipment | 2,686 | 3,349 | |||
| Intangible assets, net (including goodwill) | 2,798 | 4,429 | |||
| Intangible assets, net (excluding goodwill) | 2,798 | 4,429 | |||
| Deposits noncurrent assets | 91 | 91 | |||
| Deferred costs | 1,517 | 3,012 | |||
| Deferred tax assets, net | 2,837 | ||||
| Total noncurrent assets: | 7,092 | 13,718 | |||
| TOTAL ASSETS: | 29,443 | 57,632 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 8,654 | 11,555 | |||
| Accounts payable | |||||
| Accrued liabilities | |||||
| Other undisclosed accounts payable and accrued liabilities | 8,654 | 11,555 | |||
| Debt | 13,038 | 640 | |||
| Other liabilities | 5,148 | 13,320 | |||
| Other undisclosed current liabilities | 14,482 | 23,712 | |||
| Total current liabilities: | 41,322 | 49,227 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation, including: | 98 | 33 | |||
| Long-term debt, excluding current maturities | 22,746 | 36,810 | |||
| Capital lease obligations | 98 | 33 | |||
| Other undisclosed long-term debt and lease obligation | (22,746) | (36,810) | |||
| Liabilities, other than long-term debt | 133 | ||||
| Deferred tax liabilities, net | 133 | ||||
| Other undisclosed noncurrent liabilities | 22,746 | 36,810 | |||
| Total noncurrent liabilities: | 22,977 | 36,843 | |||
| Total liabilities: | 64,299 | 86,070 | |||
| Equity | |||||
| Equity, attributable to parent | (34,856) | (28,438) | |||
| Common stock | 1 | 1 | |||
| Accumulated deficit | (34,857) | (28,439) | |||
| Total equity: | (34,856) | (28,438) | |||
| TOTAL LIABILITIES AND EQUITY: | 29,443 | 57,632 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Revenues | 103,748 | 284,244 | ||
| Revenue, net | 103,748 | 284,244 | ||
| Financial services revenue | 77,400 | 252,000 | ||
| Cost of revenue (Cost of Product and Service Sold) | (74,665) | (246,724) | ||
| Gross profit: | 29,083 | 37,520 | ||
| Operating expenses | (28,403) | (37,462) | ||
| Other undisclosed operating income (loss) | 344 | 484 | ||
| Operating income: | 1,024 | 542 | ||
| Nonoperating income (Other Nonoperating income) | 820 | 186 | ||
| Interest and debt expense | (5,561) | (1,224) | ||
| Loss from continuing operations before income taxes: | (3,717) | (496) | ||
| Income tax expense | (3,943) | (772) | ||
| Loss from continuing operations: | (7,660) | (1,268) | ||
| Loss before gain (loss) on sale of properties: | (7,660) | (1,268) | ||
| Other undisclosed net income | 11,704 | 3,774 | ||
| Net income (loss): | 4,044 | 2,506 | ||
| Other undisclosed net loss attributable to parent | (11,704) | (3,774) | ||
| Net loss available to common stockholders, diluted: | (7,660) | (1,268) | ||
Comprehensive Income ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Net income (loss): | 4,044 | 2,506 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 4,044 | 2,506 | ||
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.