Integrated Drilling Equipment Holdings Corp (IRIG) financial statements (2021 and earlier)

Company profile

Business Address 25311 I-45 NORTH
SPRING, TX 77380
State of Incorp. DE
Fiscal Year End December 31
SIC 3533 - Oil and Gas Field Machinery and Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1431111
Cash and cash equivalents1431111
Restricted cash and investments  0    
Receivables20141116131214
Inventory, net of allowances, customer advances and progress billings8866778
Inventory8866778
Deferred costs(2)     3
Deferred tax assets00000 1
Other undisclosed current assets3001101
Total current assets:30262124222027
Noncurrent Assets
Property, plant and equipment2223333
Intangible assets, net (including goodwill)2223334
Intangible assets, net (excluding goodwill)2223334
Deposits noncurrent assets0000000
Deferred costs011122 
Deferred tax assets, net     03
Total noncurrent assets:45667910
TOTAL ASSETS:34312730292938
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2287991010
Accounts payable141314    
Accrued liabilities7      
Other undisclosed accounts payable and accrued liabilities (5)(7)991010
Debt38333214133333
Deferred tax liabilities 00  0 
Other liabilities101153562
Other undisclosed current liabilities 121415141521
Total current liabilities:69645942416567
Noncurrent Liabilities
Long-term debt and lease obligation, including:0000000
Long-term debt, excluding current maturities1552323  
Capital lease obligations0   0  
Other undisclosed long-term debt and lease obligation(1)(5)(5)(23)(23)00
Liabilities, other than long-term debt0  00  
Deferred tax liabilities, net0  00  
Other undisclosed noncurrent liabilities1552323  
Total noncurrent liabilities:255232300
Total liabilities:71696465646567
Stockholders' equity
Stockholders' equity attributable to parent(36)(38)(37)(35)(35)(35)(29)
Common stock0000000
Accumulated deficit(36)(38)(37)(35)(35)(35)(29)
Total stockholders' equity:(36)(38)(37)(35)(35)(35)(29)
TOTAL LIABILITIES AND EQUITY:34312730292938

Income statement (P&L) ($ in millions)

12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
Revenues
(Revenue, Net)
29181921251624
Cost of revenue
(Cost of Goods and Services Sold)
(20)(13)(13)(14)(17)(10)(17)
Gross profit:9567856
Operating expenses(6)(5)(7)(5)(7)(6)(7)
Other undisclosed operating income (loss)(0)  (0)0  
Operating income (loss):40(1)21(1)(1)
Nonoperating income (expense)000(0)(0)10
Other nonoperating income (expense)000(0)   
Interest and debt expense(1)(1)(1)(2)(2)(2)(1)
Income (loss) from continuing operations before income taxes:2(1)(3)0(1)(2)(2)
Income tax expense (benefit)0(0)(0)(0)0(4)0
Income (loss) before gain (loss) on sale of properties:2(1)(3)0(1)(6)(1)
Other undisclosed net income (loss)(12)352361
Net income (loss):(10)2322(0)(0)
Other undisclosed net income (loss) attributable to parent12(3)(5)(2)(3)(6)(1)
Net income (loss) available to common stockholders, diluted:2(1)(3)0(1)(6)(1)

Comprehensive Income ($ in millions)

12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
Net income (loss):(10)2322(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:(10)2322(0)(0)

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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