Mammoth Energy Services, Inc. (TUSK) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
14201 CALIBER DRIVE OKLAHOMA CITY, OK 73134 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (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)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 17,282 | 11,661 | 16,572 | 5,872 | 67,625 | 5,637 | |||
| Cash and cash equivalents | 17,282 | 9,899 | 14,822 | 5,872 | 67,625 | 5,637 | |||
| Short-term investments | 1,762 | 1,750 | |||||||
| Restricted cash and investments | |||||||||
| Receivables | 456,688 | 407,638 | 421,573 | 370,576 | 348,624 | 277,534 | |||
| Inventory, net of allowances, customer advances and progress billings | 8,883 | 8,366 | 12,020 | 17,483 | 21,302 | 17,814 | |||
| Inventory | 8,883 | 8,366 | 12,020 | 17,483 | 21,302 | 17,814 | |||
| Prepaid expense | 13,219 | 12,381 | 13,825 | 12,354 | 11,317 | 12,552 | |||
| Other current assets | 620 | 737 | 758 | 695 | 688 | 886 | |||
| Other undisclosed current assets | |||||||||
| Total current assets: | 496,692 | 440,783 | 464,748 | 406,980 | 449,556 | 314,423 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 7,267 | 6,065 | ✕ | ✕ | |||||
| Operating lease, right-of-use asset | 10,656 | 12,168 | 20,179 | 43,446 | ✕ | ✕ | |||
| Property, plant and equipment | 251,262 | 352,772 | 436,699 | 351,017 | |||||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 61,830 | 64,641 | 65,876 | 68,351 | 71,708 | 74,769 | |||
| Intangible assets, net (including goodwill) | 13,499 | 14,278 | 17,382 | 67,581 | 109,001 | 115,950 | |||
| Goodwill | 11,717 | 11,717 | 12,608 | 67,581 | 101,245 | 99,811 | |||
| Intangible assets, net (excluding goodwill) | 1,782 | 2,561 | 4,774 | 7,756 | 16,139 | ||||
| Deferred income tax assets | 8,094 | ✕ | ✕ | ||||||
| Other noncurrent assets | 3,935 | 4,342 | 5,115 | 7,467 | 6,127 | 4,345 | |||
| Other undisclosed noncurrent assets | 130,799 | 170,521 | 5,788 | 6,739 | |||||
| Total noncurrent assets: | 227,986 | 280,109 | 359,814 | 545,405 | 623,535 | 552,820 | |||
| TOTAL ASSETS: | 724,678 | 720,892 | 824,562 | 952,385 | 1,073,091 | 867,243 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 71,074 | 68,463 | 69,897 | 40,754 | 59,652 | 40,895 | |||
| Taxes payable | ✕ | ✕ | 13,772 | 13,838 | 15,288 | 18,687 | 2,126 | ||
| Employee-related liabilities | ✕ | ✕ | 5,133 | 3,710 | 5,938 | 20,898 | 11,552 | ||
| Accounts payable | 47,391 | 37,560 | 40,316 | 39,220 | |||||
| Accrued liabilities | 23,683 | 11,998 | 12,033 | 9,378 | 11,085 | 9,065 | |||
| Other undisclosed accounts payable and accrued liabilities | (29,070) | 8,982 | 18,152 | ||||||
| Deferred revenue | 7,550 | 3,250 | 8,281 | 7,244 | ✕ | ✕ | |||
| Debt | 87,523 | 3,302 | 2,664 | 17,797 | |||||
| Self insurance reserve | 1,500 | 1,413 | 1,941 | 2,906 | |||||
| Due to related parties | ✕ | 3 | 526 | 370 | 1,378 | ||||
| Other undisclosed current liabilities | 69,565 | 73,806 | 45,812 | 61,170 | 173,801 | 177,715 | |||
| Total current liabilities: | 237,212 | 150,234 | 128,598 | 130,397 | 233,823 | 219,988 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 91,158 | 92,715 | 107,102 | 99,900 | |||||
| Long-term debt, excluding current maturities | 85,240 | 81,338 | 80,000 | 99,900 | |||||
| Liabilities, other than long-term debt | 24,850 | 16,278 | 39,922 | 46,145 | 5,907 | 5,412 | |||
| Asset retirement obligations | 3,981 | 3,720 | 4,746 | 4,241 | 3,164 | 2,123 | |||
| Deferred income tax liabilities | 471 | 865 | 24,741 | 36,873 | ✕ | ✕ | |||
| Other liabilities | 15,485 | 11,693 | 10,435 | 5,031 | 2,743 | 3,289 | |||
| Operating lease, liability | 4,913 | 5,918 | 11,377 | 27,102 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 79,309 | 34,147 | |||||||
| Total noncurrent liabilities: | 24,850 | 107,436 | 132,637 | 153,247 | 85,216 | 139,459 | |||
| Total liabilities: | 262,062 | 257,670 | 261,235 | 283,644 | 319,039 | 359,447 | |||
| Equity | |||||||||
| Equity, attributable to parent | 462,616 | 463,222 | 563,327 | 668,741 | 754,052 | 507,796 | |||
| Common stock | 473 | 467 | 458 | 451 | 449 | 446 | |||
| Additional paid in capital | 539,138 | 538,221 | 537,039 | 535,094 | 530,919 | 508,010 | |||
| Accumulated other comprehensive loss | (3,841) | (2,931) | (3,065) | (3,306) | (4,081) | (2,661) | |||
| Retained earnings (accumulated deficit) | (73,154) | (72,535) | 28,895 | 136,502 | 226,765 | 2,001 | |||
| Total equity: | 462,616 | 463,222 | 563,327 | 668,741 | 754,052 | 507,796 | |||
| TOTAL LIABILITIES AND EQUITY: | 724,678 | 720,892 | 824,562 | 952,385 | 1,073,091 | 867,243 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 362,086 | 228,962 | 313,076 | 625,012 | 1,690,084 | 691,496 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 691,496 | |
| Revenue from related parties | ✕ | 50,591 | 130,313 | 143,233 | ✕ | |||
| Cost of revenue | (278,587) | (198,326) | (232,021) | (543,788) | (1,093,804) | (482,569) | ||
| Cost of goods and services sold | (1,349) | (481,161) | ||||||
| Gross profit: | 83,499 | 30,636 | 81,055 | 81,224 | 596,280 | 208,927 | ||
| Operating expenses | (39,372) | (82,346) | (123,384) | (88,813) | (73,446) | (48,405) | ||
| Other undisclosed operating loss | (60,545) | (76,478) | (106,988) | (120,794) | (128,383) | (97,751) | ||
| Operating income (loss): | (16,418) | (128,188) | (149,317) | (128,383) | 394,451 | 62,771 | ||
| Nonoperating income (expense) | 29,406 | 3,895 | 29,541 | 37,258 | (5,223) | (975) | ||
| Investment income, nonoperating | 4,012 | |||||||
| Other nonoperating income (expense) | 40,912 | 10,816 | 33,048 | 42,216 | (2,036) | (677) | ||
| Interest and debt expense | (11,506) | (6,406) | (5,397) | (4,958) | (3,187) | (4,310) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,482 | (130,699) | (125,173) | (96,083) | 386,041 | 57,486 | ||
| Other undisclosed income from continuing operations before income taxes | 11,506 | 6,406 | 5,397 | 4,958 | 3,187 | 4,310 | ||
| Income (loss) from continuing operations before income taxes: | 12,988 | (124,293) | (119,776) | (91,125) | 389,228 | 61,796 | ||
| Income tax expense (benefit) | (13,607) | 22,863 | 12,169 | 12,081 | (153,263) | (2,832) | ||
| Income (loss) from continuing operations: | (619) | (101,430) | (107,607) | (79,044) | 235,965 | 58,964 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (101,430) | (107,607) | (79,044) | 235,965 | 58,964 | |
| Net income (loss) available to common stockholders, diluted: | (619) | (101,430) | (107,607) | (79,044) | 235,965 | 58,964 | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (619) | (101,430) | (107,607) | (79,044) | 235,965 | 58,964 | ||
| Other comprehensive income (loss) | (910) | 134 | 241 | 775 | (1,420) | 555 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,529) | (101,296) | (107,366) | (78,269) | 234,545 | 59,519 | ||
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.