SEVENTY SEVEN ENERGY INC. (SSEI) financial statements (2021 and earlier)

Company profile

Business Address 777 N.W. 63RD STREET
OKLAHOMA CITY, OK 73116
State of Incorp. OK
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)

12/31/2016
Q4
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 8181131 118
Cash and cash equivalents 8075131 118
Short-term investments 26   
Receivables 92128165 261
Inventory, net of allowances, customer advances and progress billings 151919 23
Inventory 151919 23
Other undisclosed current assets 291619 17
Total current assets: 218243333 420
Noncurrent Assets
Property, plant and equipment     1,590
Long-term investments and receivables     9
Long-term investments     9
Intangible assets, net (including goodwill)     27
Goodwill     27
Deferred costs   1 28
Other noncurrent assets 393938 34
Other undisclosed noncurrent assets  1  (1,590)
Total noncurrent assets: 394040 98
Other undisclosed assets 1,4551,5111,530 1,590
TOTAL ASSETS: 1,7131,7941,903 2,107
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 102854 103
Accounts payable 102854 37
Employee-related liabilities     35
Taxes payable     8
Interest and dividends payable     23
Debt 555 5
Self insurance reserve     15
Other liabilities 157798 156
Other undisclosed current liabilities     (80)
Total current liabilities: 30110157 199
Noncurrent Liabilities
Long-term debt and lease obligation 4761,5641,565 1,601
Long-term debt, excluding current maturities 4761,5641,565 1,601
Liabilities, other than long-term debt 425462 101
Deferred tax liabilities, net 415361 99
Other liabilities 121 2
Other undisclosed noncurrent liabilities 1,179    
Total noncurrent liabilities: 1,6971,6191,627 1,702
Total liabilities: 1,7271,7291,784 1,900
Stockholders' equity
Stockholders' equity attributable to parent (15)65119 207
Common stock 111 1
Additional paid in capital 361356351 330
Accumulated deficit (377)(292)(233) (123)
Total stockholders' equity: (15)65119 207
TOTAL LIABILITIES AND EQUITY: 1,7131,7941,903 2,107

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

12/31/2016
Q4
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
Revenues(938)138155193214295
Cost of revenue (76)(69)(99) (82)
Gross profit: 628694214213
Operating expenses (137)(130)(140)(3)(318)
Operating income (loss): (74)(43)(46)210(105)
Nonoperating income (expense) (33)(24)(33)1(11)
Other nonoperating income 11111
Interest and debt expense (20)(25)74(21)(12)
Income (loss) from continuing operations before equity method investments, income taxes: (128)(93)(5)191(127)
Income (loss) from equity method investments   (1)(0)0
Other undisclosed income (loss) from continuing operations before income taxes 2025(73)(256)12
Loss from continuing operations before income taxes: (107)(68)(79)(66)(115)
Income tax benefit 23818 41
Net loss available to common stockholders, diluted: (85)(60)(61)(66)(75)

Comprehensive Income ($ in millions)

12/31/2016
Q4
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
Net loss: (85)(60)(61)(66)(75)
Comprehensive loss, net of tax, attributable to parent: (85)(60)(61)(66)(75)

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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