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)

12/31/2019
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 investments342135193000
Cash and cash equivalents342135193000
Receivables801091098560  
Inventory, net of allowances, customer advances and progress billings91010129  
Inventory91010129  
Prepaid expense111124600
Other current assets12453  
Other undisclosed current assets8132236 0
Total current assets:14316618212811400
Noncurrent Assets
Property, plant and equipment442462490447331  
Intangible assets, net (including goodwill)2727293133  
Goodwill55555  
Intangible assets, net (excluding goodwill)2222242628  
Assets held-in-trust     330328
Other undisclosed noncurrent assets11122  
Total noncurrent assets:469490520480366330328
TOTAL ASSETS:613656702608480330329
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:92971251739820
Accounts payable707911415889  
Accrued liabilities32342  
Employee-related liabilities997107  
Taxes payable107   0 
Other undisclosed accounts payable and accrued liabilities     20
Debt2226303130  
Due to related parties     00
Other undisclosed current liabilities26181213130 
Total current liabilities:14114116721814020
Noncurrent Liabilities
Long-term debt and lease obligation, including:28528829217799  
Long-term debt, excluding current maturities27427527613591  
Capital lease obligations34   
Other undisclosed long-term debt and lease obligation111313388  
Liabilities, other than long-term debt000    
Deferred rent credit000    
Other undisclosed noncurrent liabilities 2   1010
Total noncurrent liabilities:285290292177991010
Total liabilities:4264324593952401211
Temporary equity, carrying amount     313313
Stockholders' equity
Stockholders' equity attributable to parent, including:13715417516618855
Additional paid in capital24823223620620533
Retained earnings (accumulated deficit)(111)(78)(61)(40)(17)22
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest1138424753  
Total stockholders' equity:14819221721324055
Other undisclosed liabilities and equity393226    
TOTAL LIABILITIES AND EQUITY:613656702608480330329

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
Revenues93131151140649  
Cost of revenue
(Cost of Goods and Services Sold)
   (0)   
Other undisclosed gross profit(0)      
Gross profit:92131151140   
Operating expenses(12)(13)(12)(16)(43)(2)(0)
Other undisclosed operating income (loss)(112)(131)(148)(148)7  
Operating loss:(31)(13)(8)(23)(36)(2)(0)
Nonoperating income (expense)(0)020(4)21
Investment income, nonoperating     21
Other nonoperating income (expense)(0)020   
Interest and debt expense  (13)(0)   
Other undisclosed loss from continuing operations before equity method investments, income taxes    (0)  
Income (loss) from continuing operations before equity method investments, income taxes:(31)(13)(19)(24)(40)(0)1
Other undisclosed loss from continuing operations before income taxes(9)(8)(8)(5)(33)  
Income (loss) from continuing operations before income taxes:(40)(21)(27)(28)(72)(0)1
Income tax expense (benefit)1(0)(0)(0)0(0)(0)
Net income (loss):(39)(21)(27)(28)(72)(0)1
Net income attributable to noncontrolling interest6456   
Other undisclosed net income attributable to parent    5  
Net income (loss) attributable to parent:(33)(17)(21)(22)(67)(0)1
Other undisclosed net income (loss) available to common stockholders, basic(7)(6)(2)12  
Net income (loss) available to common stockholders, diluted:(40)(23)(24)(22)(65)(0)1

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):(39)(21)(27)(28)(72)(0)1
Comprehensive income (loss):(39)(21)(27)(28)(72)(0)1
Comprehensive income, net of tax, attributable to noncontrolling interest6456   
Other undisclosed comprehensive income, net of tax, attributable to parent    5  
Comprehensive income (loss), net of tax, attributable to parent:(33)(17)(21)(22)(67)(0)1

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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