Nine Energy Service, Inc. (NINE) financial statements (2020 and earlier)

Company profile

Business Address 2001 KIRBY DRIVE
HOUSTON, TX 77019
State of Incorp. DE
Fiscal Year End December 31
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 millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments93931731648771
Cash and cash equivalents93931731648771
Receivables98118169159155163141
Inventory, net of allowances, customer advances and progress billings616688989130(2)
Inventory616688989130(2)
Other undisclosed current assets17141628231843
Total current assets:269293291316333296253
Noncurrent Assets
Property, plant and equipment129199221221212257249
Intangible assets, net (including goodwill)445585581585590152154
Goodwill2963163083083089494
Intangible assets, net (excluding goodwill)1492682732772825860
Other noncurrent assets8566611
Total noncurrent assets:582789807812808410403
TOTAL ASSETS:8511,0821,0981,1291,141706656
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities607370931089465
Accounts payable35323948464939
Accrued liabilities25403144614526
Taxes payable 0010  
Debt 111106
Other undisclosed current liabilities1      
Total current liabilities:617471941089471
Noncurrent Liabilities
Long-term debt and lease obligation394392391405425114108
Long-term debt, excluding current maturities392392391405425114108
Operating lease, liability2   
Liabilities, other than long-term debt446111165
Deferred tax liabilities, net5665
Other liabilities4466500
Other undisclosed noncurrent liabilities256321 
Total noncurrent liabilities:400401402420438121113
Total liabilities:461475473513546216184
Stockholders' equity
Stockholders' equity attributable to parent390607624615595491472
Common stock0000000
Additional paid in capital759755752750746564560
Accumulated other comprehensive loss(4)(5)(4)(5)(5)(4)(4)
Accumulated deficit(365)(144)(124)(130)(147)(70)(83)
Total stockholders' equity:390607624615595491472
TOTAL LIABILITIES AND EQUITY:8511,0821,0981,1291,141706656

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues163202238230229218205
Cost of revenue(140)(167)(185)(1)(172)(166) 
Cost of goods and services sold(51)  (1)(1)  
Other undisclosed gross profit   (177)  (164)
Gross profit:23355351585342
Operating expenses(226)(39)(26)(25)(104)(22)(17)
Other undisclosed operating income (loss)(10)(6)(13)0(14)(14)(13)
Operating income (loss):(213)(10)1427(61)1611
Nonoperating income (expense)00 (9)(16)(2)(2)
Investment income, nonoperating00     
Interest and debt expense(9)(10)(11)(9)(25)(2)(2)
Income (loss) from continuing operations before equity method investments, income taxes:(222)(20)39(102)138
Other undisclosed income (loss) from continuing operations before income taxes(1)  92522
Income (loss) from continuing operations before income taxes:(223)(20)318(77)1510
Income tax expense (benefit)2(1)3(0)(1)(1)(1)
Net income (loss) available to common stockholders, diluted:(221)(21)617(77)149

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(221)(21)617(77)149
Comprehensive income (loss):(221)(21)617(77)149
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(0)00(1)0(0)
Comprehensive income (loss), net of tax, attributable to parent:(220)(21)618(78)149

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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