Tesco Corp (TESO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
WESTWAY PLAZA, 11330 CLAY ROAD HOUSTON, TX 77041 |
| State of Incorp. | |
| 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)Annual | Quarterly
| 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | 3/31/2016 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 72,489 | 83,143 | 91,489 | 90,127 | 97,469 | 53,892 | |||
| Cash and cash equivalents | 72,489 | 83,143 | 91,489 | 90,127 | 97,469 | 53,892 | |||
| Restricted cash and investments | 2,758 | 2,694 | 3,493 | 2,721 | 997 | 946 | |||
| Receivables | 49,200 | 44,754 | 38,226 | 45,163 | 45,350 | 55,925 | |||
| Inventory, net of allowances, customer advances and progress billings | 74,846 | 73,592 | 76,226 | 80,540 | 88,721 | 93,308 | |||
| Inventory | 74,846 | 73,592 | 76,226 | 80,540 | 88,721 | 93,308 | |||
| Prepaid expense | 4,035 | 3,644 | 4,298 | 5,188 | 4,493 | 3,728 | |||
| Other undisclosed current assets | 7,217 | 6,237 | 7,243 | 8,246 | 7,851 | 10,603 | |||
| Total current assets: | 210,545 | 214,064 | 220,975 | 231,985 | 244,881 | 218,402 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 111,277 | 115,429 | 120,743 | 125,556 | 129,899 | 136,137 | |||
| Other noncurrent assets | 2,620 | 2,415 | 2,561 | 4,542 | 4,829 | 5,391 | |||
| Other undisclosed noncurrent assets | 186 | 598 | |||||||
| Total noncurrent assets: | 113,897 | 117,844 | 123,304 | 130,098 | 134,914 | 142,126 | |||
| TOTAL ASSETS: | 324,442 | 331,908 | 344,279 | 362,083 | 379,795 | 360,528 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 32,182 | 29,240 | 28,341 | 27,470 | 25,555 | 32,008 | |||
| Taxes payable | 5,569 | 6,534 | 6,421 | 5,688 | 4,974 | 5,611 | |||
| Employee-related liabilities | 5,768 | 6,768 | 6,293 | 6,464 | 6,287 | 9,568 | |||
| Accounts payable | 17,213 | 12,923 | 13,492 | 11,808 | 10,617 | 13,823 | |||
| Accrued liabilities | 3,632 | 3,015 | 2,135 | 3,510 | 3,677 | 3,006 | |||
| Deferred revenue and credits | 3,756 | 3,657 | 4,369 | 3,837 | 3,202 | 5,471 | |||
| Total current liabilities: | 35,938 | 32,897 | 32,710 | 31,307 | 28,757 | 37,479 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 2,066 | 1,875 | 1,986 | 2,800 | 3,042 | 3,792 | |||
| Deferred tax liabilities, net | 326 | 371 | 406 | 1,141 | 902 | 1,588 | |||
| Other liabilities | 1,740 | 1,504 | 1,580 | 1,659 | 2,140 | 2,204 | |||
| Total noncurrent liabilities: | 2,066 | 1,875 | 1,986 | 2,800 | 3,042 | 3,792 | |||
| Total liabilities: | 38,004 | 34,772 | 34,696 | 34,107 | 31,799 | 41,271 | |||
| Equity | |||||||||
| Equity, attributable to parent | 286,438 | 297,136 | 309,583 | 327,976 | 347,996 | 319,257 | |||
| Common stock | 267,595 | 266,187 | 264,940 | 263,184 | 261,135 | 213,525 | |||
| Accumulated other comprehensive income | 35,501 | 35,501 | 35,501 | 35,501 | 35,501 | 35,501 | |||
| Retained earnings (accumulated deficit) | (16,658) | (4,552) | 9,142 | 29,291 | 51,360 | 70,231 | |||
| Total equity: | 286,438 | 297,136 | 309,583 | 327,976 | 347,996 | 319,257 | |||
| TOTAL LIABILITIES AND EQUITY: | 324,442 | 331,908 | 344,279 | 362,083 | 379,795 | 360,528 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | 3/31/2016 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 40,142 | 36,745 | 35,283 | 30,415 | 33,586 | 35,453 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (44,845) | (42,485) | (43,193) | (44,328) | (43,664) | (46,859) | ||
| Gross profit: | (4,703) | (5,740) | (7,910) | (13,913) | (10,078) | (11,406) | ||
| Operating expenses | (51,667) | (49,630) | (54,206) | (52,301) | (52,803) | (90,210) | ||
| Other undisclosed operating income | 44,845 | 42,485 | 43,193 | 44,328 | 43,664 | 46,859 | ||
| Operating loss: | (11,525) | (12,885) | (18,923) | (21,886) | (19,217) | (54,757) | ||
| Nonoperating income (expense) | (242) | 237 | (1,054) | (739) | 122 | (1,559) | ||
| Investment income, nonoperating | 60 | 44 | 42 | 42 | 347 | 82 | ||
| Gain (loss), foreign currency transaction, before tax | (461) | 148 | (1,141) | (352) | (17) | (1,168) | ||
| Other nonoperating income (expense) | 203 | 123 | 2 | (233) | (17) | (10) | ||
| Interest and debt expense | (44) | (78) | 43 | (196) | (191) | (463) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 44 | 78 | (43) | 196 | 191 | 463 | ||
| Loss from continuing operations before income taxes: | (11,767) | (12,648) | (19,977) | (22,625) | (19,095) | (56,316) | ||
| Income tax expense (benefit) | (339) | (1,046) | (172) | 556 | 224 | (523) | ||
| Loss from continuing operations: | (12,106) | (13,694) | (20,149) | (22,069) | (18,871) | (56,839) | ||
| Loss before gain (loss) on sale of properties: | (12,106) | (13,694) | (20,149) | (22,069) | (18,871) | (56,839) | ||
| Net loss available to common stockholders, diluted: | (12,106) | (13,694) | (20,149) | (22,069) | (18,871) | (56,839) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | 3/31/2016 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (12,106) | (13,694) | (20,149) | (22,069) | (18,871) | (56,839) | ||
| Comprehensive loss, net of tax, attributable to parent: | (12,106) | (13,694) | (20,149) | (22,069) | (18,871) | (56,839) | ||
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.