Steel Excel Inc (SXCL) financial statements (2022 and earlier)

Company profile

Business Address 2603 CAMINO RAMON, SUITE 200
SAN RAMON, CA 94583
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 thousands)

12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments127,896196,381213,003188,461190,367216,312226,695
Cash and cash equivalents31,70769,74663,90764,07651,91046,67769,432
Short-term investments96,189126,635149,096124,385138,457169,635157,263
Restricted cash and investments21,639   21,311  
Receivables10,61414,11315,18617,78828,01629,93029,821
Disposal group, including discontinued operation     3131
Other undisclosed current assets27,16627,46736,65230,4075,92425,41228,234
Total current assets:187,315237,961264,841236,656245,618271,685284,781
Noncurrent Assets
Property, plant and equipment95,79399,676101,908104,305107,187108,337109,335
Long-term investments and receivables3,55539,59047,72067,29158,58561,26866,111
Long-term investments3,55539,59047,72067,29158,58561,26866,111
Intangible assets, net (including goodwill)32,81360,41762,40964,48466,646105,547109,029
Goodwill12,59430,86430,86430,86430,86467,53068,742
Intangible assets, net (excluding goodwill)20,21929,55331,54533,62035,78238,01740,287
Other noncurrent assets5311,0141,0751,1411,2381,4401,516
Other undisclosed noncurrent assets24,815447280221803,7323,732
Total noncurrent assets:157,507201,144213,392237,442233,736280,324289,723
TOTAL ASSETS:344,822439,105478,233474,098479,354552,009574,504
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,23913,71023,85720,87912,85215,40218,121
Accounts payable2,7812,7362,9953,1603,9364,4604,225
Accrued liabilities8,45810,97420,86217,7198,91610,94213,896
Debt 13,21413,58713,62613,62613,62613,626
Derivative instruments and hedges, liabilities21,63920,17121,38521,30821,31120,26420,010
Disposal group, including discontinued operation450450450450450987987
Deferred tax liabilities 858585853,8383,838
Other undisclosed current liabilities      10,023
Total current liabilities:33,32847,63059,36456,34848,32454,11766,605
Noncurrent Liabilities
Long-term debt and lease obligation42,66656,16159,46462,83866,24869,65873,065
Long-term debt, excluding current maturities42,66656,16159,46462,76866,07169,37572,679
Capital lease obligations   70177283386
Liabilities, other than long-term debt9733,7673,5493,5557,2646,0885,988
Deferred tax liabilities, net7373,5493,5493,5493,5492,3732,169
Other liabilities236218 63,7153,7153,819
Total noncurrent liabilities:43,63959,92863,01366,39373,51275,74679,053
Total liabilities:76,967107,558122,377122,741121,836129,863145,658
Stockholders' equity
Stockholders' equity attributable to parent268,246331,641356,161351,735357,533422,304429,242
Common stock14141414141414
Treasury stock, value(85,967)(85,967)(81,623)(81,355)(81,355)(81,355)(76,682)
Additional paid in capital270,516269,750269,009267,965267,444267,047266,473
Accumulated other comprehensive income (loss)(5,546)(6,532)(89)(14,275)(18,730)10,68012,336
Retained earnings89,229154,376168,850179,386190,160225,918227,101
Stockholders' equity attributable to noncontrolling interest(391)(94)(305)(378)(15)(158)(396)
Total stockholders' equity:267,855331,547355,856351,357357,518422,146428,846
TOTAL LIABILITIES AND EQUITY:344,822439,105478,233474,098479,354552,009574,504

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

12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
Revenues24,64533,48035,61038,88554,48258,58351,924
Revenue, net24,64533,48035,61038,88554,48258,58351,924
Financial services revenue6,677  135(466)1,3321,310
Cost of revenue(19,953)(26,489)(27,375)(32,188)(39,884)(40,599)(36,186)
Gross profit:4,6926,9918,2356,69714,59817,98415,738
Operating expenses(36,903)(10,100)(10,078)(10,201)(48,150)(11,804)(11,715)
Operating income (loss):(32,211)(3,109)(1,843)(3,504)(33,552)6,1804,023
Nonoperating income (expense)27,1017,9053,001(1,729)19,461(1,299)654
Investment income, nonoperating 3,1543,1672,074 554488
Foreign currency transaction gain (loss), before tax (295)91(288) (223) 
Other nonoperating income (expense) 7,9053,001(1,729) (1,299)654
Interest and debt expense(572)(627)(614)(642)(709)(778)(822)
Other undisclosed loss from continuing operations before equity method investments, income taxes(97,262)   (20,756)  
Income (loss) from continuing operations before equity method investments, income taxes:(102,944)4,169544(5,875)(35,556)4,1033,855
Income (loss) from equity method investments(11,284)(8,153)5,445(2,110)(2,668)(4,843)2,874
Other undisclosed income from continuing operations before income taxes32,204   12,140  
Income (loss) from continuing operations before income taxes:(82,024)(3,984)5,989(7,985)(26,084)(740)6,729
Income tax expense (benefit)2,056(2,393)6,288372264(1,537)693
Other undisclosed income (loss) from continuing operations14,524(7,886)(22,740) (10,301)1,3321,310
Income (loss) from continuing operations:(65,444)(14,263)(10,463)(7,613)(36,121)(945)8,732
Other undisclosed income before gain (loss) on sale of properties    227  
Income (loss) before gain (loss) on sale of properties:(65,444)(14,263)(10,463)(7,613)(35,894)(945)8,732
Other undisclosed net income    279  
Net income (loss):(65,444)(14,263)(10,463)(7,613)(35,615)(945)8,732
Net income (loss) attributable to noncontrolling interest79  (363)143  
Other undisclosed net income (loss) attributable to parent218(211)(73)726(286)(238)11
Net income (loss) available to common stockholders, diluted:(65,147)(14,474)(10,536)(7,250)(35,758)(1,183)8,743

Comprehensive Income ($ in thousands)

12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
Net income (loss):(65,444)(14,263)(10,463)(7,613)(35,615)(945)8,732
Other comprehensive income (loss)986  931(29,410)  
Other undisclosed comprehensive income (loss) (6,443)14,186  (1,656)1,829
Comprehensive income (loss):(64,458)(20,706)3,723(6,682)(65,025)(2,601)10,561
Comprehensive income (loss), net of tax, attributable to noncontrolling interest297(211)(73)36355238(11)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (198)(476)22
Comprehensive income (loss), net of tax, attributable to parent:(64,161)(20,917)3,650(6,319)(65,168)(2,839)10,572

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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