Solaris Oilfield Infrastructure Inc. (SOI) Financial Statements (2025 and earlier)

Company Profile

Business Address 9651 KATY FREEWAY
HOUSTON, TX 77024
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3533 - Oil and Gas Field Machinery and Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,0593,4245,8333,4519,3712,175
Cash and cash equivalents5,0593,4245,8333,4519,3712,175
Restricted cash and investments      
Receivables  13,523  71,964
Inventory, net of allowances, customer advances and progress billings8,8586,9246,6727,4478,5207,621
Inventory8,8586,9246,6727,4478,5207,621
Prepaid expense   1,166   
Asset, held-for-sale, not part of disposal group   3,0003,000  
Deposits current assets   123   
Other current assets   2,095   
Other undisclosed current assets60,83052,53734,72960,99368,5624,245
Total current assets:74,74762,88567,14174,89186,45386,005
Noncurrent Assets
Inventory, Noncurrent1,1861,5661,5931,8562,0971,730
Finance lease, right-of-use asset, after accumulated amortization      
Operating lease, right-of-use asset10,06110,39410,72112,7734,8443,850
Intangible assets, net (including goodwill)13,34313,52513,70613,88814,07014,251
Goodwill13,00413,00413,00413,00413,00413,004
Intangible assets, net (excluding goodwill)3395217028841,0661,247
Deferred income tax assets44,78945,86148,01049,39851,09953,624
Other noncurrent assets492291342275326239
Accounts receivable, excluding accrued interest, after allowance for credit loss1,6631,663   
Other undisclosed noncurrent assets313,146320,885325,121327,427325,441313,299
Total noncurrent assets:383,017394,185401,156405,617397,877386,993
TOTAL ASSETS:457,764457,070468,297480,508484,330472,998
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34,15228,75532,94638,05546,23352,187
Accounts payable15,84512,26612,65420,05329,20929,817
Accrued liabilities18,30716,48920,29218,00217,02422,370
Deferred revenue      
Debt21,1915,1792,4622,4292,3732,191
Other liabilities2,976 4088221,237 
Other undisclosed current liabilities1,3781,3811,3851,5991,106923
Total current liabilities:59,69735,31537,20142,90550,94955,301
Noncurrent Liabilities
Long-term debt and lease obligation1,212100,61232,401111,559118,11229,359
Long-term debt, excluding current maturities 98,84630,000108,530114,53026,000
Finance lease, liability1,2121,7662,4013,0293,5823,359
Liabilities, other than long-term debt10,82611,29511,58513,3176,81377,928
Due to related parties71,530
Other liabilities444444120126364
Operating lease, liability10,78211,25111,54113,1976,6876,034
Other undisclosed noncurrent liabilities68,846 71,530   
Total noncurrent liabilities:80,884111,907115,516124,876124,925107,287
Total liabilities:140,581147,222152,717167,781175,874162,588
Equity
Equity, attributable to parent, including:204,601200,131205,983204,802202,170207,848
Additional paid in capital184,626182,723188,379187,700186,647194,463
Retained earnings19,69217,12517,31416,81115,23313,081
Other undisclosed equity, attributable to parent283283290291290304
Equity, attributable to noncontrolling interest112,582109,717109,597107,925106,286102,562
Total equity:317,183309,848315,580312,727308,456310,410
TOTAL LIABILITIES AND EQUITY:457,764457,070468,297480,508484,330472,998

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues73,88667,89063,34769,67677,20282,722
Cost of revenue(56,456)(49,944)(46,877)(51,894)(54,598)(61,302)
Cost of goods and services sold(46,131)(39,887)(36,870)(42,102)(45,652)(53,223)
Gross profit:17,43017,94616,47017,78222,60421,420
Operating expenses(5,576)(7,990)(7,229)(7,782)(6,825)(6,538)
Other operating income (expense), net(560)(123)(489)(613)125338
Other undisclosed operating income (loss)560123489613(125)(338)
Operating income:11,8549,9569,24110,00015,77914,882
Interest and debt expense  (27)(100)  
Income from continuing operations before equity method investments, income taxes:11,8549,9569,2149,90015,77914,882
Other undisclosed loss from continuing operations before income taxes(685)(799)(885)(957)(879)(459)
Income (loss) from continuing operations before income taxes:11,1699,1578,3298,94314,90014,423
Income tax expense(1,345)(1,857)(1,370)(1,305)(2,659)(2,486)
Net income (loss):9,8247,3006,9597,63812,24111,937
Net income (loss) attributable to noncontrolling interest(3,616)(2,983)(2,658)(2,704)(4,709)(4,368)
Net income (loss) attributable to parent:6,2084,3174,3014,9347,5327,569
Undistributed earnings (loss) allocated to participating securities, basic(410)(277)(269)(200)(400)(400)
Other undisclosed net income (loss) available to common stockholders, basic   35(34)(32)31
Net income (loss) available to common stockholders, diluted:5,7984,0404,0674,7007,1007,200

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income (loss):9,8247,3006,9597,63812,24111,937
Comprehensive income (loss):9,8247,3006,9597,63812,24111,937
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3,616)(2,983)(2,658)(2,704)(4,709)(4,368)
Comprehensive income (loss), net of tax, attributable to parent:6,2084,3174,3014,9347,5327,569

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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