Basic Energy Services, Inc. (BAS) financial statements (2020 and earlier)

Company profile

Business Address 801 CHERRY STREET
FORT WORTH, TX 76102
State of Incorp.
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments509039 4780112
Cash and cash equivalents509039 4780112
Restricted cash and investments  48    
Receivables124146150 104250204
Inventory, net of allowances, customer advances and progress billings283636 374534
Inventory283636 374534
Prepaid expense151722 141610
Income taxes receivable3
Other current assets954 10108
Other undisclosed current assets    131531
Total current assets:226295300 225415403
Noncurrent Assets
Operating lease, right-of-use asset17
Property, plant and equipment407449503 8461,008928
Intangible assets, net (including goodwill)333767149188
Goodwill     78111
Intangible assets, net (excluding goodwill)3337677178
Deferred costs    131516
Other noncurrent assets121213 1098
Other undisclosed noncurrent assets232    
Total noncurrent assets:44246752179361,1821,140
TOTAL ASSETS:66876282071,1611,5971,543
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities132154132 114205125
Accounts payable669881 555146
Accrued liabilities655652 599177
Employee-related liabilities     42 
Taxes payable     33
Interest and dividends payable     19 
Debt232756 494941
Self insurance reserve8  7 97
Other liabilities432 761
Other undisclosed current liabilities5    (73)(10)
Total current liabilities:1721841917170196165
Noncurrent Liabilities
Long-term debt and lease obligation, including:314323259 838883847
Finance lease, liability23
Operating lease, liability12
Other undisclosed long-term debt and lease obligation279323259 838883847
Liabilities, other than long-term debt4235321647193198
Asset retirement obligations9      
Deferred tax liabilities, net 0 19148164
Other liabilities143532 292822
Self insurance reserve19  16 1711
Other undisclosed noncurrent liabilities12      
Total noncurrent liabilities:368358291168851,0751,045
Total liabilities:540542482231,0551,2711,209
Stockholders' equity
Stockholders' equity attributable to parent128219339 106343345
Common stock000 000
Treasury stock, value(9)(4)(4) (12)(13)(12)
Additional paid in capital472464440 375370364
Accumulated deficit(335)(241)(97) (257)(15)(7)
Total stockholders' equity:128219339 106343345
Other undisclosed liabilities and equity     (17)(11)
TOTAL LIABILITIES AND EQUITY:668762820231,1611,5971,543

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues796965864 8061,4911,263
Revenue, net864 8061,4911,263
Cost of revenue(730)(873)(779) (884)(1,220)(1,066)
Cost of goods and services sold(433) (666) (643)(1,011)(868)
Other undisclosed gross profit118126112 241209198
Gross profit:184218198 163480395
Operating expenses(137)(165)(147)(20)(227)(213)(186)
Other undisclosed operating loss(118)(126)(112) (241)(209)(198)
Operating income (loss):(72)(73)(61)(20)(306)5811
Nonoperating income110 111
Investment income, nonoperating100 000
Other nonoperating income110 111
Interest and debt expense(70)(72)(37)(6)(68)(67)(67)
Loss from continuing operations before income taxes:(141)(144)(98)(26)(373)(8)(56)
Income tax expense (benefit)(0)(0)24131(1)20
Net loss available to common stockholders, diluted:(141)(145)(97)(22)(242)(8)(36)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(141)(145)(97)(22)(242)(8)(36)
Comprehensive loss, net of tax, attributable to parent:(141)(145)(97)(22)(242)(8)(36)

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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