Pioneer Energy Services Corp. (PES) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1250 N.E. LOOP 410 SAN ANTONIO, TX 78209 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1381 - Drilling Oil and Gas Wells (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 31,181 | 24,619 | 53,566 | 73,640 | 10,194 | 14,160 | |||
| Cash and cash equivalent | 31,181 | 24,619 | 53,566 | 73,640 | 10,194 | 14,160 | |||
| Restricted cash and investments | 1,148 | 998 | 998 | 2,008 | |||||
| Receivables | 32,519 | 123,526 | 130,881 | 113,005 | 72,123 | 79,816 | |||
| Inventory, net of allowances, customer advances and progress billings | 12,641 | 22,453 | 18,898 | 14,057 | 9,660 | 9,262 | |||
| Inventory | 12,641 | 22,453 | 18,898 | 14,057 | 9,660 | 9,262 | |||
| Asset, held-for-sale, not part of disposal group | 3,608 | 3,447 | 3,582 | 6,620 | 15,093 | 4,619 | |||
| Other undisclosed current assets | 32,036 | 7,869 | 7,109 | 6,229 | 6,926 | 7,411 | |||
| Total current assets: | 113,133 | 182,912 | 215,034 | 215,559 | 113,996 | 115,268 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 4,383 | 7,264 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 161,769 | 471,170 | 524,858 | 549,623 | 584,080 | 702,585 | |||
| Intangible assets, net (including goodwill) | 8,942 | 403 | 1,944 | ||||||
| Intangible assets, net (excluding goodwill) | 8,942 | 403 | 1,944 | ||||||
| Deferred income tax assets | 12,746 | ✕ | ✕ | ✕ | ✕ | ||||
| Other noncurrent assets | 13,457 | 1,068 | 1,658 | 1,687 | 1,623 | 9,961 | |||
| Other undisclosed noncurrent assets | 11,540 | 18 | |||||||
| Total noncurrent assets: | 201,297 | 491,042 | 526,516 | 551,310 | 586,106 | 714,508 | |||
| TOTAL ASSETS: | 314,430 | 673,954 | 741,550 | 766,869 | 700,102 | 829,776 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 35,743 | 109,475 | 133,792 | 111,656 | 84,761 | 83,187 | |||
| Interest and dividends payable | 2,015 | 5,452 | 6,148 | 6,624 | 5,395 | 5,508 | |||
| Employee-related liabilities | 7,325 | 13,781 | 24,598 | 21,023 | 14,813 | 13,859 | |||
| Accounts payable | 17,516 | 32,551 | 34,134 | 29,538 | 19,208 | 16,951 | |||
| Accrued liabilities | 8,887 | 57,691 | 68,912 | 54,471 | 45,345 | 46,869 | |||
| Deferred revenue | 1,019 | 1,339 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 150 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 905 | 1,449 | 6,222 | ||
| Other undisclosed current liabilities | 22,106 | (19,233) | (29,024) | (27,647) | (20,208) | (19,367) | |||
| Total current liabilities: | 59,018 | 91,581 | 104,768 | 84,914 | 66,002 | 70,042 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 150,789 | 473,399 | 464,552 | 461,665 | 339,473 | 395,000 | |||
| Long-term debt, excluding current maturities | 147,167 | 467,699 | 464,552 | 461,665 | 339,473 | 395,000 | |||
| Liabilities, other than long-term debt | 2,726 | 481 | 7,172 | 10,194 | 13,229 | 22,091 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 3,688 | 3,151 | 8,180 | 17,520 | ||
| Deferred income tax liabilities | 947 | ✕ | ✕ | ✕ | ✕ | ||||
| Other liabilities | 1,779 | 481 | 3,484 | 7,043 | 5,049 | 4,571 | |||
| Operating lease, liability | 3,622 | 5,700 | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 4,417 | ||||||||
| Total noncurrent liabilities: | 153,515 | 478,297 | 471,724 | 471,859 | 352,702 | 417,091 | |||
| Total liabilities: | 212,533 | 569,878 | 576,492 | 556,773 | 418,704 | 487,133 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 101,897 | 104,076 | 165,058 | 210,096 | 281,398 | 342,643 | |||
| Common stock | 8,008 | 7,900 | 7,835 | 7,766 | 6,496 | ||||
| Treasury stock, value | (5,090) | (4,965) | (4,416) | (3,883) | (3,759) | ||||
| Additional paid in capital | 142,119 | 553,210 | 550,548 | 546,158 | 541,823 | 475,823 | |||
| Accumulated deficit | (40,224) | (452,052) | (388,425) | (339,481) | (264,308) | (135,917) | |||
| Other undisclosed equity, attributable to parent | 2 | ||||||||
| Total equity: | 101,897 | 104,076 | 165,058 | 210,096 | 281,398 | 342,643 | |||
| TOTAL LIABILITIES AND EQUITY: | 314,430 | 673,954 | 741,550 | 766,869 | 700,102 | 829,776 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 575,792 | 590,097 | 446,455 | 277,076 | 540,778 | |||
| Cost of revenue | (431,353) | (429,913) | (330,880) | (203,949) | (358,016) | |||
| Gross profit: | 144,439 | 160,184 | 115,575 | 73,127 | 182,762 | |||
| Operating expenses | (89,339) | (75,418) | (67,975) | (72,107) | (198,711) | |||
| Other undisclosed operating loss | (90,805) | (93,825) | (98,830) | (114,468) | (150,751) | |||
| Operating loss: | (35,705) | (9,059) | (51,230) | (113,448) | (166,700) | |||
| Nonoperating expense | (37,528) | (38,044) | (28,091) | (25,675) | (26,019) | |||
| Interest and debt expense | (39,835) | (38,782) | (1,476) | (299) | (2,186) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 39,835 | 38,782 | 1,476 | 299 | 2,186 | |||
| Loss from continuing operations before income taxes: | (73,233) | (47,103) | (79,321) | (139,123) | (192,719) | |||
| Income tax expense (benefit) | 9,329 | (1,908) | 4,203 | 10,732 | 37,579 | |||
| Loss from continuing operations: | (63,904) | (49,011) | (75,118) | (128,391) | (155,140) | |||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (63,904) | (49,011) | (75,118) | (128,391) | (155,140) | |
| Net loss available to common stockholders, diluted: | (63,904) | (49,011) | (75,118) | (128,391) | (155,140) | |||
Comprehensive Income ($ in thousands)
| 6/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (63,904) | (49,011) | (75,118) | (128,391) | (155,140) | |||
| Comprehensive loss, net of tax, attributable to parent: | (63,904) | (49,011) | (75,118) | (128,391) | (155,140) | |||
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.