WILLBROS GROUP, INC.NEW (WGRP) financial statements (2021 and earlier)

Company profile

Business Address 4400 POST OAK PARKWAY, SUITE 1000
HOUSTON, TX 77027
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)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments334159234354
Cash and cash equivalents334159234354
Receivables142112150347383394
Inventory, net of allowances, customer advances and progress billings111449
Inventory111449
Disposal group, including discontinued operation011   
Assets held-for-sale, not part of disposal group294
Prepaid expense and other current assets32
Assets held-for-sale75963
Costs in excess of billings141220405790
Other undisclosed current assets211823323510
Total current assets:214194258453582653
Noncurrent Assets
Property, plant and equipment30385094112128
Intangible assets, net (including goodwill)677787116143158
Intangible assets, net (excluding goodwill)677787116143158
Restricted cash and investments404035   
Other noncurrent assets1313142834
Prepaid expense and other noncurrent assets39
Deferred tax assets, net 0    
Other undisclosed noncurrent assets  11 0
Total noncurrent assets:150169187239289325
TOTAL ASSETS:364363446692871978
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:13883108207259305
Accounts payable543549   
Accrued liabilities192327   
Employee-related liabilities121015445751
Taxes payable0032109
Other undisclosed accounts payable and accrued liabilities531614160192245
Debt  3877
Provision for loss on contracts12     
Disposal group, including discontinued operation04  375
Other liabilities668768
Other undisclosed current liabilities1411117244660
Total current liabilities:298105135247355386
Noncurrent Liabilities
Long-term debt and lease obligation 8993281270297
Long-term debt, excluding current maturities 8993280268294
Capital lease obligations   012
Liabilities, other than long-term debt343440505384
Deferred tax liabilities, net  3799
Disposal group, including discontinued operation, liabilities111  37
Other liabilities333336444439
Other undisclosed noncurrent liabilities1  055
Total noncurrent liabilities:35123133331327386
Total liabilities:332228268578682772
Stockholders' equity
Stockholders' equity attributable to parent32135177114188206
Common stock333333
Treasury stock, value(16)(15)(15)(14)(12)(11)
Additional paid in capital752749745704691687
Accumulated other comprehensive income (loss)(2)(4)(6)3914
Accumulated deficit(706)(598)(550)(582)(502)(486)
Stockholders' equity attributable to noncontrolling interest   001
Total stockholders' equity:32135177114189206
TOTAL LIABILITIES AND EQUITY:364363446692871978

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
8507329092,0272,0192,005
Cost of revenue(875)(692)(887)(1,855)(1,802)(1,807)
Cost of goods and services sold(875)(685)(870)(1,855)(1,802)(1,807)
Other undisclosed gross profit 6182  
Gross profit:(25)4641174216199
Operating expenses(64)(71)(74)(176)(185)(182)
Other undisclosed operating income (loss)(2)(6)(18)(1)34
Operating income (loss):(91)(31)(52)(3)3421
Nonoperating expense(16)(14)(66)(46)(43)(33)
Interest and debt expense(16)(0)(39)(46)(42)(33)
Other undisclosed income from continuing operations before equity method investments, income taxes16039464233
Loss from continuing operations before income taxes:(108)(44)(119)(49)(9)(12)
Income tax expense (benefit)1154(7)(15)(6)
Loss from continuing operations:(107)(44)(65)(55)(23)(18)
Income (loss) from discontinued operations(1)(4)96(25)8(11)
Net income (loss):(108)(48)31(80)(16)(29)
Net loss attributable to noncontrolling interest     (1)
Net income (loss) available to common stockholders, diluted:(108)(48)31(80)(16)(30)

Comprehensive Income ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(108)(48)31(80)(16)(29)
Other comprehensive income (loss)22(9)(6)(5)(1)
Comprehensive income (loss):(106)(46)23(86)(21)(30)
Comprehensive income, net of tax, attributable to noncontrolling interest     1
Other undisclosed comprehensive loss, net of tax, attributable to parent     (2)
Comprehensive income (loss), net of tax, attributable to parent:(106)(46)23(86)(21)(31)

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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