Archrock, Inc. (AROC) financial statements (2023 and earlier)

Company profile

Business Address 9807 KATY FREEWAY
HOUSTON, TX 77024
State of Incorp.
Fiscal Year End December 31
SIC 4922 - Natural Gas Transmission (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21461132
Cash and cash equivalents21461132
Receivables105104145148113112148
Inventory, net of allowances, customer advances and progress billings736474769194129
Inventory736474769194129
Disposal group, including discontinued operation   0010
Other current assets713911666
Other undisclosed current assets   15   
Total current assets:187182232256221216285
Noncurrent Assets
Operating lease, right-of-use asset171918
Property, plant and equipment2,2272,3902,5592,1712,0772,0792,268
Intangible assets, net (including goodwill)4862178526987101
Goodwill  101    
Intangible assets, net (excluding goodwill)486277526987101
Capitalized contract cost, net25294339
Disposal group, including discontinued operation, noncurrent assets1011137132021
Deferred income tax assets485737
Other noncurrent assets2830302728611
Other undisclosed noncurrent assets     721
Total noncurrent assets:2,4032,5982,8782,2962,1872,1992,421
TOTAL ASSETS:2,5902,7803,1102,5532,4082,4152,707
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities121108128134126102132
Accounts payable39316055553352
Accrued liabilities83776879717080
Deferred revenue4411
Disposal group, including discontinued operation   0010
Deferred revenue and credits532
Contract with customer, liability17
Total current liabilities:125112139151131107135
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,5471,6891,8431,5301,4171,4421,588
Long-term debt, excluding current maturities1,531      
Operating lease, liability161716
Other undisclosed long-term debt and lease obligation 1,6721,8261,5301,4171,4421,588
Liabilities, other than long-term debt27272728124182196
Deferred tax liabilities, net 98167179
Deferred income tax liabilities111
Disposal group, including discontinued operation, liabilities8897676
Other liabilities1818172120812
Other undisclosed noncurrent liabilities 17163   
Total noncurrent liabilities:1,5731,7321,8851,5601,5421,6231,784
Total liabilities:1,6991,8442,0241,7111,6721,7301,920
Stockholders' equity
Stockholders' equity attributable to parent8919361,086842777719734
Common stock2221111
Treasury stock, value(86)(84)(82)(80)(77)(74)(72)
Additional paid in capital3,4403,4253,4133,1783,0933,0212,821
Accumulated other comprehensive income (loss)(1)(5)(1)61(2)(2)
Accumulated deficit(2,463)(2,402)(2,245)(2,264)(2,241)(2,227)(2,014)
Stockholders' equity attributable to noncontrolling interest    (41)(34)53
Total stockholders' equity:8919361,086842736685787
TOTAL LIABILITIES AND EQUITY:2,5902,7803,1102,5532,4082,4152,707

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues781875965904795807998
Revenue, net795807998
Cost of revenue
(Cost of Goods and Services Sold)
(359)(377)(456)(2)(2)(3)(4)
Gross profit:423498509903792804994
Operating expenses(80)(203)(155)(140)(142)(202) 
Operating income:343295355763650602994
Nonoperating income
(Other Nonoperating income)
511669 
Interest and debt expense(108)(110)(108)(96)(89)(84)(9)
Income from continuing operations before equity method investments, income taxes:239187247673567527985
Other undisclosed loss from continuing operations before income taxes(200)(273)(189)(638)(610)(616)(1,091)
Income (loss) from continuing operations before income taxes:39(86)5835(43)(89)(106)
Income tax expense (benefit)(11)1839(6)6125(53)
Income (loss) from continuing operations:28(68)982918(65)(159)
Income (loss) from discontinued operations  (0) (0)(0)60
Net income (loss):28(68)972918(65)(99)
Net income (loss) attributable to noncontrolling interest   (8)111(7)
Net income (loss) attributable to parent:28(68)972119(55)(106)
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)(1)(1)(1)(1)
Net income (loss) available to common stockholders, diluted:27(70)962018(55)(106)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):28(68)972918(65)(99)
Other comprehensive income (loss) (4)(7)971(18)
Comprehensive income (loss):28(72)903826(64)(117)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (12)(4)10(6)
Other undisclosed comprehensive income, net of tax, attributable to parent4      
Comprehensive income (loss), net of tax, attributable to parent:32(72)902522(55)(123)

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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