Natural Gas Services Group Inc. (NGS) Financial Statements (2024 and earlier)

Company Profile

Business Address 404 VETERANS AIRPARK LANE
MIDLAND, TX 79705
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7463,37222,94228,92511,59252,628
Cash and cash equivalents2,7463,37222,94228,92511,59252,628
Receivables50,72426,20621,92723,4229,1067,219
Inventory, net of allowances, customer advances and progress billings21,63923,41419,32919,92621,08030,974
Inventory21,63923,41419,32919,92621,08030,974
Prepaid expense  105166403,148
Other undisclosed current assets1,1621,1458543795972,430
Total current assets:76,27154,14765,10372,71842,41596,399
Noncurrent Assets
Inventory, Noncurrent7011,5571,5821,0651,0683,980
Finance lease, right-of-use asset, after accumulated amortization 1,045    
Operating lease, right-of-use asset 210349285483604
Property, plant and equipment20,55022,17620,82821,74921,86916,587
Intangible assets, net (including goodwill)7759001,0251,1511,27611,440
Goodwill      10,039
Intangible assets, net (excluding goodwill)7759001,0251,1511,2761,401
Other noncurrent assets6,7832,6672,6982,0501,6031,109
Other undisclosed noncurrent assets372,394246,450206,985207,585217,742175,886
Total noncurrent assets:402,458274,099233,403234,083244,162209,002
TOTAL ASSETS:478,729328,246298,506306,801286,577305,401
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities32,71330,20718,8989,1434,26210,865
Accounts payable17,6286,4814,7952,3731,9752,122
Accrued liabilities15,08523,72614,1036,7702,2878,743
Deferred revenue  371,3121,103640
Debt    417606 
Contract with customer, liability81
Other undisclosed current liabilities  15568198  
Total current liabilities:32,71330,39920,27810,8615,50810,946
Noncurrent Liabilities
Long-term debt and lease obligation164,00025,000217285415417
Long-term debt, excluding current maturities164,00025,000   417
Liabilities, other than long-term debt46,12242,77142,10144,11132,9611,699
Deferred income tax liabilities41,63639,79839,28841,89031,243
Other liabilities4,4862,7792,8132,2211,7181,699
Operating lease, liability  194217285415
Other undisclosed noncurrent liabilities      32,158
Total noncurrent liabilities:210,12267,77142,31844,39633,37634,274
Total liabilities:242,83598,17062,59655,25738,88445,220
Equity
Equity, attributable to parent235,894230,076235,910251,544247,693260,181
Common stock137135134133132130
Treasury stock, value(15,004)(15,004)(8,344)(490)(490) 
Additional paid in capital116,480115,411114,017112,615110,573107,760
Retained earnings134,281129,534130,103139,286137,478152,291
Total equity:235,894230,076235,910251,544247,693260,181
TOTAL LIABILITIES AND EQUITY:478,729328,246298,506306,801286,577305,401

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues121,16784,82572,42068,05578,44465,478
Cost of revenue(93,855)(70,877)(74,058)(60,934)(72,114)(55,873)
Cost of goods and services sold(57,500)(38,790)(37,744)(29,404)(4,388)(385)
Other cost of operating revenue(8,919)(7,650)(7,829)(6,211)(16,097)(12,564)
Gross profit:27,31213,948(1,638)7,1216,3309,605
Operating expenses(16,855)(13,517)(10,770)(10,720)(21,483)(8,967)
Operating income (loss):10,457431(12,408)(3,599)(15,153)638
Nonoperating income (expense)(3,837)(472)622615596113
Other nonoperating income (expense)245(108)687629611182
Interest and debt expense(4,082)(364)(65)(14)(15)(69)
Income (loss) from continuing operations before equity method investments, income taxes:2,538(405)(11,851)(2,998)(14,572)682
Other undisclosed income from continuing operations before income taxes4,08236465141569
Income (loss) from continuing operations before income taxes:6,620(41)(11,786)(2,984)(14,557)751
Income tax expense (benefit)(1,873)(528)2,6034,792693(325)
Income (loss) from continuing operations:4,747(569)(9,183)1,808(13,864)426
Income (loss) before gain (loss) on sale of properties:(9,183)1,808(13,864)426
Net income (loss) available to common stockholders, diluted:4,747(569)(9,183)1,808(13,864)426

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):4,747(569)(9,183)1,808(13,864)426
Comprehensive income (loss), net of tax, attributable to parent:4,747(569)(9,183)1,808(13,864)426

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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