Select Energy Services, Inc. (WTTR) financial statements (2021 and earlier)

Company profile

Business Address 1233 W LOOP SOUTH, SUITE 1400
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16979173
Cash and cash equivalents16979173
Receivables129272343381
Inventory, net of allowances, customer advances and progress billings33384545
Inventory33384545
Other undisclosed current assets20262718
Total current assets:352416432447
Noncurrent Assets
Operating lease, right-of-use asset5271
Property, plant and equipment350453503474
Intangible assets, net (including goodwill) 267422429
Goodwill 267274273
Intangible assets, net (excluding goodwill)  148156
Other noncurrent assets5436
Other undisclosed noncurrent assets116137  
Total noncurrent assets:524932928910
TOTAL ASSETS:8751,3481,3611,356
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5210514499
Accounts payable13365453
Accrued liabilities21486313
Employee-related liabilities16202221
Taxes payable12613
Debt01924
Other undisclosed current liabilities36273382
Total current liabilities:89152180185
Noncurrent Liabilities
Long-term debt and lease obligation61726294
Long-term debt, excluding current maturities  4575
Capital lease obligations1719
Operating lease, liability6172
Liabilities, other than long-term debt2011814
Other liabilities2011814
Total noncurrent liabilities:818370108
Total liabilities:169235250293
Stockholders' equity
Stockholders' equity attributable to parent, including:593937833657
Additional paid in capital909915814673
Accumulated other comprehensive income (loss)  (0)0
Retained earnings (accumulated deficit)(317)2119(18)
Other undisclosed stockholders' equity attributable to parent1111
Stockholders' equity attributable to noncontrolling interest113176278407
Total stockholders' equity:7061,1131,1111,063
TOTAL LIABILITIES AND EQUITY:8751,3481,3611,356

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues6051,2921,529692
Cost of revenue(634)(1,143)(1,330)(635)
Cost of goods and services sold(99)(117)(131)(102)
Gross profit:(29)14919858
Operating expenses(366)(126)(137)(88)
Operating income (loss):(395)2362(30)
Nonoperating income (expense)(3)(3)(0)1
Foreign currency transaction gain (loss), before tax00(1)0
Other nonoperating income (expense)(4)(3)10
Interest and debt expense(2)(3)(5)(7)
Income (loss) from continuing operations before equity method investments, income taxes:(400)1856(36)
Other undisclosed loss from continuing operations before income taxes(3)(12)  
Income (loss) from continuing operations before income taxes:(403)656(36)
Income tax expense (benefit)1(2)(2)1
Net income (loss):(402)454(35)
Net income (loss) attributable to noncontrolling interest63(1)(18)18
Net income (loss) available to common stockholders, basic:(339)337(17)
Other undisclosed net income available to common stockholders, diluted 00 
Net income (loss) available to common stockholders, diluted:(339)337(17)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(402)454(35)
Other undisclosed comprehensive income (loss) 0(1)0
Comprehensive income (loss):(402)554(35)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest63(1)(18)18
Comprehensive income (loss), net of tax, attributable to parent:(339)336(17)

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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