U.S. Well Services, Inc. (USWS) financial statements (2021 and earlier)

Company profile

Business Address 1360 POST OAK BOULEVARD, SUITE 1800
HOUSTON, TX 77056
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 millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4139342135
Cash and cash equivalents4139342135
Receivables4638409180109109
Inventory, net of allowances, customer advances and progress billings8781091010
Inventory8781091010
Prepaid expense346911112
Other current assets1522124
Other undisclosed current assets611181322
Total current assets:685560121143166182
Noncurrent Assets
Property, plant and equipment235243259274442462490
Intangible assets, net (including goodwill)18191919272729
Goodwill5555555
Intangible assets, net (excluding goodwill)13141414222224
Other undisclosed noncurrent assets1111111
Total noncurrent assets:255263279294469490520
TOTAL ASSETS:323318339416613656702
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities514861939297125
Accounts payable363648757079114
Accrued liabilities2222323
Employee-related liabilities75510997
Taxes payable5556107 
Debt14101112222630
Other undisclosed current liabilities1246261812
Total current liabilities:665977111141141167
Noncurrent Liabilities
Long-term debt and lease obligation, including:284261250298285288292
Long-term debt, excluding current maturities275251239286274275276
Capital lease obligations3
Other undisclosed long-term debt and lease obligation9101112111313
Liabilities, other than long-term debt4211000
Deferred rent credit    000
Other liabilities4211   
Other undisclosed noncurrent liabilities     2 
Total noncurrent liabilities:287263252299285290292
Total liabilities:353322328410426432459
Temporary equity, carrying amount   47   
Stockholders' equity
Stockholders' equity attributable to parent, including:(105)(77)(64)(41)137154175
Additional paid in capital241241238242248232236
Accumulated deficit(347)(318)(302)(284)(111)(78)(61)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest    113842
Total stockholders' equity:(105)(77)(64)(41)148192217
Other undisclosed liabilities and equity757375 393226
TOTAL LIABILITIES AND EQUITY:323318339416613656702

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues48444011293131151
Cost of revenue
(Cost of Goods and Services Sold)
(0)  (0)   
Other undisclosed gross profit    (0)  
Gross profit:48444011292131151
Operating expenses(15)(7)(6)(171)(12)(13)(12)
Other undisclosed operating loss(57)(48)(46)(117)(112)(131)(148)
Operating loss:(23)(10)(13)(176)(31)(13)(8)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
0000(0)02
Interest and debt expense(0)  (0)  (13)
Loss from continuing operations before equity method investments, income taxes:(24)(10)(13)(176)(31)(13)(19)
Other undisclosed loss from continuing operations before income taxes(6)(6)(6)(8)(9)(8)(8)
Loss from continuing operations before income taxes:(29)(16)(18)(184)(40)(21)(27)
Income tax expense (benefit) 0(0)11(0)(0)
Net loss:(29)(16)(18)(183)(39)(21)(27)
Net income attributable to noncontrolling interest00011645
Net loss attributable to parent:(29)(16)(18)(172)(33)(17)(21)
Other undisclosed net loss available to common stockholders, basic(3)(3)(7)(8)(7)(6)(2)
Net loss available to common stockholders, diluted:(33)(19)(25)(180)(40)(23)(24)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net loss:(29)(16)(18)(183)(39)(21)(27)
Comprehensive loss:(29)(16)(18)(183)(39)(21)(27)
Comprehensive income, net of tax, attributable to noncontrolling interest00011645
Comprehensive loss, net of tax, attributable to parent:(29)(16)(18)(172)(33)(17)(21)

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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