Cactus, Inc. (WHD) financial statements (2021 and earlier)
Company profile
| Business Address |
920 MEMORIAL CITY WAY HOUSTON, TX 77024 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| SIC | 3533 - Oil and Gas Field Machinery and Equipment (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 289 | 203 | 71 | ||
| Cash and cash equivalents | 289 | 203 | 71 | ||
| Receivables | 53 | 88 | 92 | ||
| Inventory, net of allowances, customer advances and progress billings | 73 | 113 | 100 | ||
| Inventory | 73 | 113 | 100 | ||
| Other undisclosed current assets | 11 | 11 | 12 | ||
| Total current assets: | 425 | 415 | 275 | ||
| Noncurrent Assets | |||||
| Operating lease, right-of-use asset | 22 | 27 | ✕ | ||
| Property, plant and equipment | 143 | 162 | 142 | ||
| Intangible assets, net (including goodwill) | 8 | 8 | 8 | ||
| Goodwill | 8 | 8 | 8 | ||
| Deferred income tax assets | 217 | 223 | ✕ | ||
| Other noncurrent assets | 1 | 1 | 1 | ||
| Other undisclosed noncurrent assets | 159 | ||||
| Total noncurrent assets: | 390 | 420 | 310 | ||
| TOTAL ASSETS: | 816 | 835 | 585 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 32 | 63 | 58 | ||
| Accounts payable | 20 | 41 | 42 | ||
| Accrued liabilities | 11 | 22 | 16 | ||
| Deferred revenue | 1 | ✕ | |||
| Debt | 4 | 13 | 7 | ||
| Other undisclosed current liabilities | 12 | 15 | 10 | ||
| Total current liabilities: | 49 | 91 | 75 | ||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 20 | 24 | 9 | ||
| Finance lease, liability | 2 | 4 | ✕ | ||
| Capital lease obligations | ✕ | ✕ | 9 | ||
| Operating lease, liability | 18 | 20 | ✕ | ||
| Liabilities, other than long-term debt | 1 | 1 | 1 | ||
| Deferred tax liabilities, net | ✕ | ✕ | 1 | ||
| Deferred income tax liabilities | 1 | 1 | ✕ | ||
| Other undisclosed noncurrent liabilities | 195 | 202 | 138 | ||
| Total noncurrent liabilities: | 216 | 227 | 148 | ||
| Total liabilities: | 265 | 319 | 222 | ||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent, including: | 353 | 327 | 178 | ||
| Additional paid in capital | 202 | 194 | 126 | ||
| Accumulated other comprehensive income (loss) | 0 | (0) | (1) | ||
| Retained earnings | 150 | 133 | 52 | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | ||
| Stockholders' equity attributable to noncontrolling interest | 198 | 189 | 185 | ||
| Total stockholders' equity: | 551 | 516 | 362 | ||
| TOTAL LIABILITIES AND EQUITY: | 816 | 835 | 585 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|
| Revenues | 349 | 628 | 544 | |
| Cost of revenue (Cost of Goods and Services Sold) | (5) | (3) | (1) | |
| Gross profit: | 344 | 626 | 543 | |
| Operating expenses | (279) | (445) | (366) | |
| Other undisclosed operating income | 5 | 3 | 1 | |
| Operating income: | 70 | 183 | 178 | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (1) | 4 | (4) | |
| Interest and debt expense | (0) | (0) | (4) | |
| Income from continuing operations before equity method investments, income taxes: | 69 | 187 | 170 | |
| Other undisclosed income from continuing operations before income taxes | 1 | 1 | ||
| Income from continuing operations before income taxes: | 70 | 188 | 170 | |
| Income tax expense | (11) | (32) | (20) | |
| Other undisclosed loss from continuing operations | (14) | |||
| Net income: | 59 | 156 | 137 | |
| Net loss attributable to noncontrolling interest | (25) | (71) | (85) | |
| Net income available to common stockholders, diluted: | 34 | 86 | 52 | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|
| Net income: | 59 | 156 | 137 | |
| Other undisclosed comprehensive income | 1 | 0 | 13 | |
| Comprehensive income: | 61 | 157 | 149 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (25) | (71) | (84) | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (14) | |||
| Comprehensive income, net of tax, attributable to parent: | 35 | 86 | 51 | |
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.