Team, Inc. (TISI) financial statements (2021 and earlier)

Company profile

Business Address 13131 DAIRY ASHFORD
SUGAR LAND, TX 77478
State of Incorp. DE
Fiscal Year End December 31
SIC 76 - Miscellaneous Repair Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12101315181615
Cash and cash equivalents12101315181615
Receivables246267269244269302323
Inventory, net of allowances, customer advances and progress billings39434650495252
Inventory39434650495252
Other undisclosed current assets20222425192530
Total current assets:318343352333355395421
Noncurrent Assets
Finance lease, right-of-use asset 55 
Operating lease, right-of-use asset676567 
Property, plant and equipment192193193193195193196
Intangible assets, net (including goodwill)399401406409413422429
Goodwill282281282282282283283
Intangible assets, net (excluding goodwill)117120124128131139146
Deferred income tax assets5   
Other noncurrent assets4767787
Other undisclosed noncurrent assets 1276855
Total noncurrent assets:668672680685623628637
TOTAL ASSETS:9851,0151,0321,0189781,0231,058
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities128145130135139151147
Accounts payable42505049444852
Accrued liabilities879580869510095
Taxes payable     21
Debt54001  
Liability for uncertainty in income taxes2      
Other undisclosed current liabilities15171718   
Total current liabilities:151166147153140151147
Noncurrent Liabilities
Long-term debt and lease obligation, including:325342363355357377390
Long-term debt, excluding current maturities     377390
Finance lease, liability555 
Operating lease, liability545254 
Other undisclosed long-term debt and lease obligation266284304355357  
Liabilities, other than long-term debt18161220245864
Deferred tax liabilities, net663742
Deferred income tax liabilities75  
Liability, pension and other postretirement and postemployment benefits991011111213
Other liabilities2223799
Other undisclosed noncurrent liabilities54526255   
Total noncurrent liabilities:398410437429381435455
Total liabilities:549576585582521586602
Stockholders' equity
Stockholders' equity attributable to parent437440447436457436456
Common stock9999999
Additional paid in capital409409407403401399397
Accumulated other comprehensive loss(30)(34)(32)(32)(34)(23)(24)
Retained earnings49566356815174
Total stockholders' equity:437440447436457436456
TOTAL LIABILITIES AND EQUITY:9851,0151,0321,0189781,0231,058

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues288290316270310291344
Cost of revenue
(Cost of Goods and Services Sold)
(204)(207)(221)(204)(224)(221)(247)
Gross profit:84839566857097
Operating expenses(81)(85)(82)(82)(92)(90)(96)
Other undisclosed operating income      0
Operating income (loss):3(2)13(17)(7)(20)2
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(0)(0)(0)01(0)(0)
Interest and debt expense(7)(8)(8)(7)(8)(8)(8)
Income (loss) from continuing operations before equity method investments, income taxes:(4)(10)5(24)(14)(28)(6)
Other undisclosed loss from continuing operations before income taxes      (29)
Income (loss) from continuing operations before income taxes:(4)(10)5(24)(14)(28)(35)
Income tax expense (benefit)(3)31(0)2453
Net income (loss) available to common stockholders, diluted:(7)(7)6(24)10(23)(32)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(7)(7)6(24)10(23)(32)
Other comprehensive income (loss)4(3)12(9)1(3)
Comprehensive income (loss), net of tax, attributable to parent:(3)(10)7(22)1(22)(36)

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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