RPC Inc. (RES) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2801 BUFORD HIGHWAY NE, SUITE 300 ATLANTA, GA 30329 |
| 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)
| 9/30/2024 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 investments | 223,310 | 126,424 | 82,433 | 84,496 | 50,023 | 116,262 | |||
| Cash and cash equivalents | 223,310 | 126,424 | 82,433 | 84,496 | 50,023 | 116,262 | |||
| Receivables | 377,184 | 458,971 | 317,139 | 244,714 | 266,719 | 359,365 | |||
| Inventory, net of allowances, customer advances and progress billings | 110,904 | 97,107 | 78,983 | 82,918 | 100,947 | 130,083 | |||
| Inventory | 110,904 | 97,107 | 78,983 | 82,918 | 100,947 | 130,083 | |||
| Prepaid expense | 12,907 | 17,753 | 9,773 | 9,124 | 10,459 | 9,766 | |||
| Asset, held-for-sale, not part of disposal group | 692 | 4,032 | 5,385 | ||||||
| Other current assets | 2,768 | 3,086 | 2,990 | 3,075 | 3,325 | 3,462 | |||
| Total current assets: | 727,073 | 703,341 | 492,010 | 428,359 | 436,858 | 618,938 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 1,036 | 20,327 | ✕ | ||||||
| Operating lease, right-of-use asset | 24,537 | 28,864 | 24,572 | 27,270 | 33,850 | ✕ | |||
| Property, plant and equipment | 435,139 | 333,093 | 254,408 | 264,411 | 516,727 | 517,982 | |||
| Intangible assets, net (including goodwill) | 63,649 | 32,150 | 32,150 | 32,150 | 32,150 | 32,150 | |||
| Goodwill | 50,824 | 32,150 | 32,150 | 32,150 | 32,150 | 32,150 | |||
| Intangible assets, net (excluding goodwill) | 12,825 | ||||||||
| Other noncurrent assets | 35,411 | 31,565 | 40,898 | 38,315 | 33,633 | 30,510 | |||
| Other undisclosed noncurrent assets | |||||||||
| Total noncurrent assets: | 559,772 | 425,672 | 372,355 | 362,146 | 616,360 | 580,642 | |||
| TOTAL ASSETS: | 1,286,845 | 1,129,013 | 864,365 | 790,505 | 1,053,218 | 1,199,580 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 128,372 | 167,875 | 104,268 | 70,373 | 90,777 | 143,237 | |||
| Taxes payable | ✕ | ✕ | ✕ | 2,561 | 3,903 | 3,961 | 7,787 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 15,350 | 18,428 | 19,641 | 25,715 | ||
| Accounts payable | 85,036 | 115,213 | 74,404 | 41,080 | 53,147 | 103,401 | |||
| Accrued liabilities | 43,336 | 52,662 | 11,953 | 6,962 | 14,028 | 6,334 | |||
| Debt | 20,194 | 10,625 | |||||||
| Other undisclosed current liabilities | 23,485 | 10,728 | 6,387 | 9,192 | |||||
| Total current liabilities: | 151,857 | 178,603 | 130,849 | 79,565 | 101,402 | 143,237 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 819 | 19,719 | 21,090 | 28,378 | |||||
| Finance lease, liability | 819 | ✕ | |||||||
| Liabilities, other than long-term debt | 111,656 | 92,675 | 72,006 | 58,283 | 93,105 | 105,924 | |||
| Accounts payable and accrued liabilities | 10,202 | 7,149 | 11,770 | 11,822 | 14,040 | 12,072 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 60,375 | ||
| Deferred income tax liabilities | 51,290 | 37,473 | 17,749 | 13,332 | 37,319 | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 23,724 | 23,106 | 35,376 | 33,080 | 39,254 | 29,638 | |||
| Other liabilities | 7,840 | 5,430 | 7,111 | 49 | 2,492 | 3,839 | |||
| Operating lease, liability | 18,600 | 19,517 | 19,719 | 21,090 | 28,378 | ✕ | |||
| Total noncurrent liabilities: | 112,475 | 92,675 | 91,725 | 79,373 | 121,483 | 105,924 | |||
| Total liabilities: | 264,332 | 271,278 | 222,574 | 158,938 | 222,885 | 249,161 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,022,513 | 857,735 | 641,791 | 631,567 | 830,333 | 950,419 | |||
| Common stock | 21,502 | 21,661 | 21,563 | 21,495 | 21,443 | 21,454 | |||
| Accumulated other comprehensive loss | (2,369) | (19,939) | (20,708) | (17,706) | (23,223) | (18,746) | |||
| Retained earnings | 1,003,380 | 856,013 | 640,936 | 627,778 | 832,113 | 947,711 | |||
| Total equity: | 1,022,513 | 857,735 | 641,791 | 631,567 | 830,333 | 950,419 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,286,845 | 1,129,013 | 864,365 | 790,505 | 1,053,218 | 1,199,580 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,617,474 | 1,601,762 | 864,929 | 598,302 | 1,222,409 | 1,721,005 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,089,519) | (1,088,115) | (663,262) | (480,739) | (919,595) | (1,183,048) | ||
| Gross profit: | 527,955 | 513,647 | 201,667 | 117,563 | 302,814 | 537,957 | ||
| Operating expenses | (274,063) | (234,511) | (196,258) | (421,204) | (354,903) | (327,927) | ||
| Other undisclosed operating income (loss) | (8,942) | 8,804 | 10,882 | (5,994) | (62,199) | |||
| Operating income (loss): | 244,950 | 287,940 | 16,291 | (309,635) | (114,288) | 210,030 | ||
| Nonoperating income | 11,634 | 2,306 | 2,086 | 577 | 1,521 | 11,739 | ||
| Investment income, nonoperating | 8,599 | 1,171 | 59 | 496 | 1,906 | 2,426 | ||
| Other nonoperating income (expense) | 3,035 | 1,135 | 2,027 | 81 | (385) | 9,313 | ||
| Interest and debt expense | (341) | (614) | (1,929) | (373) | (334) | (489) | ||
| Income (loss) from continuing operations before income taxes: | 256,243 | 289,632 | 16,448 | (309,431) | (113,101) | 221,280 | ||
| Income tax expense (benefit) | (61,130) | (71,269) | (9,231) | 97,239 | 25,990 | (45,878) | ||
| Income (loss) from continuing operations: | 195,113 | 218,363 | 7,217 | (212,192) | (87,111) | 175,402 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 7,217 | (212,192) | (87,111) | 175,402 | |
| Net income (loss) attributable to parent: | 195,113 | 218,363 | 7,217 | (212,192) | (87,111) | 175,402 | ||
| Other undisclosed net loss available to common stockholders, basic | (3,099) | (3,197) | (89) | (334) | (1,839) | |||
| Net income (loss) available to common stockholders, diluted: | 192,014 | 215,166 | 7,128 | (212,192) | (87,445) | 173,563 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 195,113 | 218,363 | 7,217 | (212,192) | (87,111) | 175,402 | ||
| Other comprehensive income (loss) | 17,570 | 769 | (3,002) | 5,517 | (4,477) | (2,044) | ||
| Comprehensive income (loss): | 212,683 | 219,132 | 4,215 | (206,675) | (91,588) | 173,358 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 15 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 212,683 | 219,132 | 4,215 | (206,675) | (91,588) | 173,373 | ||
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.