Expro Group Holdings N.V. (XPRO) Financial Statements (2024 and earlier)

Company Profile

Business Address 1311 BROADFIELD BLVD.
HOUSTON, TX 77084
State of Incorp.
Fiscal Year End December 31
Industry (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 thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments151,741214,788235,390211,827195,383212,815
Cash and cash equivalents151,741214,788235,390209,575195,383186,212
Short-term investments    2,252 26,603
Receivables496,700446,175339,847110,607166,694189,414
Inventory, net of allowances, customer advances and progress billings143,325153,718125,11681,71878,82969,382
Inventory143,325153,718125,11681,71878,82969,382
Asset, held-for-sale, not part of disposal group  2,1796,3862,93913,7957,828
Other current assets58,40944,97552,9387,74410,36012,651
Other undisclosed current assets1,4253,6724,4571,6721,357 
Total current assets:851,600865,507764,134416,507466,418492,090
Noncurrent Assets
Operating lease, right-of-use asset72,31074,85683,37228,11632,585
Property, plant and equipment513,222462,316478,580272,707328,432416,490
Long-term investments and receivables76,17075,72611,531   
Long-term investments66,40266,038    
Accounts and financing receivable, after allowance for credit loss9,7689,68811,531   
Intangible assets, net (including goodwill)487,403450,484432,95650,682116,903242,109
Goodwill247,687220,980179,90342,78599,932211,040
Intangible assets, net (excluding goodwill)239,716229,504253,0537,89716,97131,069
Deferred income tax assets   57,60418,03016,590
Other noncurrent assets12,3028,26326,46130,85933,23728,619
Other undisclosed noncurrent assets      14,621
Total noncurrent assets:1,161,4071,071,6451,090,504400,394527,747701,839
TOTAL ASSETS:2,013,0071,937,1521,854,638816,901994,1651,193,929
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:326,125272,704213,15299,986120,321123,981
Taxes payable 30,44939,26528,376
Employee-related liabilities42,67123,21223,98830,822
Accounts payable169,680133,053103,61822,27716,79331,960
Accrued liabilities156,445139,65166,863   
Other undisclosed accounts payable and accrued liabilities    24,04840,27532,823
Deferred revenue    586657
Debt1,9671,0471,147 7,9255,627
Other liabilities98,144107,75074,2131,674  
Contract with customer, liability116
Other undisclosed current liabilities62,61556,20842,6947,832  
Total current liabilities:488,851437,709331,206110,078128,903129,724
Noncurrent Liabilities
Long-term debt and lease obligation16,41013,77389,46021,20824,969 
Finance lease, liability16,41013,77315,772  
Liabilities, other than long-term debt191,873199,775136,40124,36629,99929,212
Deferred income tax liabilities22,70630,41931,7441,5482,923
Liability for uncertainty in income taxes59,544     
Liability, pension and other postretirement and postemployment benefits10,44511,34429,120   
Other liabilities44,20297,16575,53722,81827,07629,212
Operating lease, liability54,97660,84773,68821,20824,969
Other undisclosed noncurrent liabilities20,000    221
Total noncurrent liabilities:228,283213,548225,86145,57454,96829,433
Total liabilities:717,134651,257557,067155,652183,871159,157
Equity
Equity, attributable to parent, including:1,295,8731,285,8951,297,571661,249810,2941,034,772
Treasury stock, value(64,697)(40,870)(22,785)(20,038)(17,258)(15,373)
Additional paid in capital1,909,3231,847,0781,827,7821,087,7331,075,8091,062,794
Accumulated other comprehensive income (loss)22,31827,54920,358(31,966)(30,298)(32,338)
Retained earnings (accumulated deficit)(579,133)(555,773)(535,628)(377,346)(220,805)16,860
Other undisclosed equity, attributable to parent8,0627,9117,8442,8662,8462,829
Total equity:1,295,8731,285,8951,297,571661,249810,2941,034,772
TOTAL LIABILITIES AND EQUITY:2,013,0071,937,1521,854,638816,901994,1651,193,929

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,512,7641,279,418825,762390,358579,920522,493
Cost of revenue(1,370,674)(1,154,800)(795,563)(367)(4,471) 
Cost of goods and services sold(1,241,295)(1,057,356)(701,165)(367)(4,471) 
Other undisclosed gross profit    (375,924)(494,103)(447,751)
Gross profit:142,090124,61830,19914,06781,34674,742
Operating expenses(131,287)(122,155)(157,767)(170,635)(278,548)(158,827)
Other undisclosed operating loss    (6,324)(15,688)(8,796)
Operating income (loss):10,8032,463(127,568)(162,892)(212,890)(92,881)
Nonoperating income (expense)1,2343,1493,9922,5911,355(802)
Loss, foreign currency transaction, before tax    (211)(2,233)(5,675)
Other nonoperating income1,2343,1493,9922,0901,1032,047
Interest and debt expense (1,969)(2,006)(2,246)(388)(371)(58)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(1,974)1,765(6,549)38837158
Income (loss) from continuing operations before equity method investments, income taxes:8,0945,371(132,371)(160,301)(211,535)(93,683)
Income from equity method investments12,85315,73116,747   
Income (loss) from continuing operations before income taxes:20,94721,102(115,624)(160,301)(211,535)(93,683)
Income tax expense (benefit)(44,307)(41,247)(16,267)4,081(23,794)2,950
Loss from continuing operations:(23,360)(20,145)(131,891)(156,220)(235,329)(90,733)
Loss before gain (loss) on sale of properties:(131,891)(156,220)(235,329)(90,733)
Net loss available to common stockholders, diluted:(23,360)(20,145)(131,891)(156,220)(235,329)(90,733)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(23,360)(20,145)(131,891)(156,220)(235,329)(90,733)
Other comprehensive income (loss)(5,231)7,19121,852  (1,366)
Comprehensive loss:(28,591)(12,954)(110,039)(156,220)(235,329)(92,099)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (1,668)404 
Comprehensive loss, net of tax, attributable to parent:(28,591)(12,954)(110,039)(157,888)(234,925)(92,099)

Statements Sources

The financial statements are based on the Company's filings with 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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