Layne Christensen Co (LAYN) Financial Statements (2024 and earlier)

Company Profile

Business Address 1800 HUGHES LANDING BLVD., STE. 700
THE WOODLANDS, TX 77380
State of Incorp. DE
Fiscal Year End January 31
Industry (SIC) 17 - Construction Special Trade Contractors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

4/30/2018
MRQ
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
1/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 32,04169,00065,56921,661  
Cash and cash equivalents 32,04169,00065,56921,661  
Restricted cash and investments   3,4664,145  
Receivables 59,55870,98398,221123,19596,717145,890
Inventory, net of allowances, customer advances and progress billings 20,02021,12319,54030,14446,65249,913
Inventory 20,02021,12319,54030,14446,65249,913
Disposal group, including discontinued operation    1,823  
Asset, held-for-sale, not part of disposal group   2,135
Deposits current assets     2,881 
Other current assets 11,91517,7848,37410,17021,546
Prepaid expense and other current assets24,809
Income taxes receivable9,0686,809
Costs in excess of billings 44,98771,59388,98993,01490,161101,960
Other undisclosed current assets    37649,83252,442
Total current assets: 168,521250,483286,294284,528316,857381,823
Noncurrent Assets
Property, plant and equipment 120,604102,220113,497153,184228,572266,540
Long-term investments and receivables    63,67567,29378,290
Long-term investments    63,67567,29378,290
Intangible assets, net (including goodwill)    12,76014,06532,401
Goodwill    8,9158,91523,561
Intangible assets, net (excluding goodwill)    3,8455,1508,840
Deposits noncurrent assets     4,9642,861
Restricted cash and investments    4,231  
Deferred costs    7,1345,313 
Other noncurrent assets 81,06483,44888,866107,801101,189
Prepaid expense and other noncurrent assets25,781
Other undisclosed noncurrent assets    (87,800)(91,635)24,530
Total noncurrent assets: 201,668185,668202,363260,985329,761430,403
TOTAL ASSETS: 370,189436,151488,657545,513646,618812,226
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 42,33058,109130,768144,26596,679148,043
Taxes payable   8,5848,1127,9898,063
Employee-related liabilities   15,06613,64219,36653,651
Accounts payable 42,33058,10968,54882,55669,32486,329
Accrued liabilities   38,57039,955  
Debt 67,293 8814214,32212,789
Other liabilities 53,04464,139    
Billings in excess of cost 10,56322,69024,15834,10931,25534,869
Deferred tax liabilities    1,180  
Other undisclosed current liabilities     53,27161,043
Total current liabilities: 173,230144,938155,014179,696195,527256,744
Noncurrent Liabilities
Long-term debt and lease obligation, including: 98,769162,346158,986132,1371,52296,539
Long-term debt, excluding current maturities  162,3461522,082106,782 
Other undisclosed long-term debt and lease obligation 98,769 158,971110,055(105,260)96,539
Liabilities, other than long-term debt 40,63746,59945,95152,02135,20126,569
Accounts payable and accrued liabilities  15,64715,43115,553  
Deferred tax liabilities, net 7694,1995,4834,94510,9451,553
Other liabilities 28,40426,75325,03731,52324,25625,016
Self insurance reserve 11,464     
Other undisclosed noncurrent liabilities     123,66517,303
Total noncurrent liabilities: 139,406208,945204,937184,158160,388140,411
Total liabilities: 312,636353,883359,951363,854355,915397,155
Equity
Equity, attributable to parent 57,50582,220128,658181,215289,464412,737
Common stock 199198212201199198
Additional paid in capital 372,049369,160365,605370,048367,461352,048
Accumulated other comprehensive loss (18,612)(18,318)(20,575)(17,227)(16,540)(6,492)
Retained earnings (accumulated deficit) (296,131)(268,820)(216,584)(171,807)(61,656)66,983
Equity, attributable to noncontrolling interest 4848484441,2392,334
Total equity: 57,55382,268128,706181,659290,703415,071
TOTAL LIABILITIES AND EQUITY: 370,189436,151488,657545,513646,618812,226

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

4/30/2018
TTM
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
1/31/2013
Revenues 475,517601,972683,010797,601859,2831,075,624
Cost of revenue (374,761)(502,050)(570,078)(682,559)(711,791)(875,439)
Gross profit: 100,75699,922112,932115,042147,492200,185
Operating expenses (106,032)(141,461)(155,396)(127,188)(156,293)(176,205)
Operating income (loss): (5,276)(41,539)(42,464)(12,146)(8,801)23,980
Nonoperating income (expense) (15)4,9512,3546595,5585,824
Investment income, nonoperating  4,1511,0641,79074143
Loss, foreign currency transaction, before tax (204)(205)(73)(15)(1,148)(1,379)
Other nonoperating income (expense) 156918631(1,189)2543,696
Interest and debt expense (17,120)(16,883)(13,775)(13,707)(8,879)(4,309)
Income (loss) from continuing operations before equity method investments, income taxes: (22,411)(53,471)(53,885)(25,194)(12,122)25,495
Income (loss) from equity method investments 3,4312,655(612)1,388(2,974)20,572
Other undisclosed income (loss) from continuing operations before income taxes 3,741  (47,033)(65,790)(65,290)
Loss from continuing operations before income taxes: (15,239)(50,816)(54,497)(70,839)(80,886)(19,223)
Income tax expense (benefit) 10,375(1,420)1,6353,945(52,963)8,276
Loss from continuing operations: (4,864)(52,236)(52,862)(66,894)(133,849)(10,947)
Loss before gain (loss) on sale of properties: (27,311)(52,236)(44,805)(109,327)(128,051)(36,023)
Income (loss) from discontinued operations (22,447) 8,057(42,433)5,798(25,076)
Net loss: (27,311)(52,236)(44,805)(109,327)(128,051)(36,023)
Net income (loss) attributable to noncontrolling interest   28(824)(588)(628)
Net loss available to common stockholders, diluted: (27,311)(52,236)(44,777)(110,151)(128,639)(36,651)

Comprehensive Income ($ in thousands)

4/30/2018
TTM
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
1/31/2013
Net loss: (27,311)(52,236)(44,805)(109,327)(128,051)(36,023)
Other comprehensive income (loss) (294)2,257(3,348)(687)(10,048)(269)
Comprehensive loss: (27,605)(49,979)(48,153)(110,014)(138,099)(36,292)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   28(824)588628
Other undisclosed comprehensive loss, net of tax, attributable to parent     (1,176)(1,256)
Comprehensive loss, net of tax, attributable to parent: (27,605)(49,979)(48,125)(110,838)(138,687)(36,920)

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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