Layne Christensen Co (LAYN) Financial Statements (2025 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 | 32,041 | 69,000 | 65,569 | 21,661 | |||||
| Cash and cash equivalent | 32,041 | 69,000 | 65,569 | 21,661 | |||||
| Restricted cash and investments | 3,466 | 4,145 | |||||||
| Receivables | 59,558 | 70,983 | 98,221 | 123,195 | 96,717 | 145,890 | |||
| Inventory, net of allowances, customer advances and progress billings | 20,020 | 21,123 | 19,540 | 30,144 | 46,652 | 49,913 | |||
| Inventory | 20,020 | 21,123 | 19,540 | 30,144 | 46,652 | 49,913 | |||
| 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 | 11,915 | 17,784 | 8,374 | 10,170 | 21,546 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 24,809 | ||
| Income taxes receivable | ✕ | ✕ | ✕ | ✕ | ✕ | 9,068 | 6,809 | ||
| Costs in excess of billings | 44,987 | 71,593 | 88,989 | 93,014 | 90,161 | 101,960 | |||
| Other undisclosed current assets | 376 | 49,832 | 52,442 | ||||||
| Total current assets: | 168,521 | 250,483 | 286,294 | 284,528 | 316,857 | 381,823 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 120,604 | 102,220 | 113,497 | 153,184 | 228,572 | 266,540 | |||
| Long-term investments and receivables | 63,675 | 67,293 | 78,290 | ||||||
| Long-term investments | 63,675 | 67,293 | 78,290 | ||||||
| Intangible assets, net (including goodwill) | 12,760 | 14,065 | 32,401 | ||||||
| Goodwill | 8,915 | 8,915 | 23,561 | ||||||
| Intangible assets, net (excluding goodwill) | 3,845 | 5,150 | 8,840 | ||||||
| Deposits noncurrent assets | 4,964 | 2,861 | |||||||
| Restricted cash and investments | 4,231 | ||||||||
| Deferred costs | 7,134 | 5,313 | |||||||
| Other noncurrent assets | 81,064 | 83,448 | 88,866 | 107,801 | 101,189 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 25,781 | ||
| Other undisclosed noncurrent assets | (87,800) | (91,635) | 24,530 | ||||||
| Total noncurrent assets: | 201,668 | 185,668 | 202,363 | 260,985 | 329,761 | 430,403 | |||
| TOTAL ASSETS: | 370,189 | 436,151 | 488,657 | 545,513 | 646,618 | 812,226 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 42,330 | 58,109 | 130,768 | 144,265 | 96,679 | 148,043 | |||
| Taxes payable | 8,584 | 8,112 | 7,989 | 8,063 | |||||
| Employee-related liabilities | 15,066 | 13,642 | 19,366 | 53,651 | |||||
| Accounts payable | 42,330 | 58,109 | 68,548 | 82,556 | 69,324 | 86,329 | |||
| Accrued liabilities | 38,570 | 39,955 | |||||||
| Debt | 67,293 | 88 | 142 | 14,322 | 12,789 | ||||
| Other liabilities | 53,044 | 64,139 | |||||||
| Billings in excess of cost | 10,563 | 22,690 | 24,158 | 34,109 | 31,255 | 34,869 | |||
| Deferred tax liabilities | 1,180 | ||||||||
| Other undisclosed current liabilities | 53,271 | 61,043 | |||||||
| Total current liabilities: | 173,230 | 144,938 | 155,014 | 179,696 | 195,527 | 256,744 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 98,769 | 162,346 | 158,986 | 132,137 | 1,522 | 96,539 | |||
| Long-term debt, excluding current maturities | 162,346 | 15 | 22,082 | 106,782 | |||||
| Other undisclosed long-term debt and lease obligation | 98,769 | 158,971 | 110,055 | (105,260) | 96,539 | ||||
| Liabilities, other than long-term debt | 40,637 | 46,599 | 45,951 | 52,021 | 35,201 | 26,569 | |||
| Accounts payable and accrued liabilities | 15,647 | 15,431 | 15,553 | ||||||
| Deferred tax liabilities, net | 769 | 4,199 | 5,483 | 4,945 | 10,945 | 1,553 | |||
| Other liabilities | 28,404 | 26,753 | 25,037 | 31,523 | 24,256 | 25,016 | |||
| Self insurance reserve | 11,464 | ||||||||
| Other undisclosed noncurrent liabilities | 123,665 | 17,303 | |||||||
| Total noncurrent liabilities: | 139,406 | 208,945 | 204,937 | 184,158 | 160,388 | 140,411 | |||
| Total liabilities: | 312,636 | 353,883 | 359,951 | 363,854 | 355,915 | 397,155 | |||
| Equity | |||||||||
| Equity, attributable to parent | 57,505 | 82,220 | 128,658 | 181,215 | 289,464 | 412,737 | |||
| Common stock | 199 | 198 | 212 | 201 | 199 | 198 | |||
| Additional paid in capital | 372,049 | 369,160 | 365,605 | 370,048 | 367,461 | 352,048 | |||
| 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 | 48 | 48 | 48 | 444 | 1,239 | 2,334 | |||
| Total equity: | 57,553 | 82,268 | 128,706 | 181,659 | 290,703 | 415,071 | |||
| TOTAL LIABILITIES AND EQUITY: | 370,189 | 436,151 | 488,657 | 545,513 | 646,618 | 812,226 | |||
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 | 475,517 | 601,972 | 683,010 | 797,601 | 859,283 | 1,075,624 | ||
| Cost of revenue | (374,761) | (502,050) | (570,078) | (682,559) | (711,791) | (875,439) | ||
| Gross profit: | 100,756 | 99,922 | 112,932 | 115,042 | 147,492 | 200,185 | ||
| 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) | 4,951 | 2,354 | 659 | 5,558 | 5,824 | ||
| Investment income, nonoperating | 4,151 | 1,064 | 1,790 | 74 | 143 | |||
| Loss, foreign currency transaction, before tax | (204) | (205) | (73) | (15) | (1,148) | (1,379) | ||
| Other nonoperating income (expense) | 156 | 918 | 631 | (1,189) | 254 | 3,696 | ||
| 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 | 3,431 | 2,655 | (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) | 1,635 | 3,945 | (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) | 588 | 628 | ||||
| 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.