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)

12/31/2019
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 investments369039 4780112
Cash and cash equivalents369039 4780112
Restricted cash and investments  48    
Receivables100146150 104250204
Inventory, net of allowances, customer advances and progress billings203636 374534
Inventory203636 374534
Prepaid expense61722 141610
Disposal group, including discontinued operation55      
Income taxes receivable3
Other current assets354 10108
Other undisclosed current assets    131531
Total current assets:220295300 225415403
Noncurrent Assets
Operating lease, right-of-use asset15
Property, plant and equipment297449503 8461,008928
Intangible assets, net (including goodwill)333767149188
Goodwill     78111
Intangible assets, net (excluding goodwill)3337677178
Deferred costs    131516
Other noncurrent assets141213 1098
Other undisclosed noncurrent assets232    
Total noncurrent assets:33046752179361,1821,140
TOTAL ASSETS:55076282071,1611,5971,543
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities106154132 114205125
Accounts payable589881 555146
Accrued liabilities485652 599177
Employee-related liabilities     42 
Taxes payable     33
Interest and dividends payable     19 
Debt192756 494941
Disposal group, including discontinued operation5      
Self insurance reserve9  7 97
Other liabilities432 761
Other undisclosed current liabilities5    (73)(10)
Total current liabilities:1481841917170196165
Noncurrent Liabilities
Long-term debt and lease obligation, including:308323259 838883847
Finance lease, liability17
Operating lease, liability10
Other undisclosed long-term debt and lease obligation282323259 838883847
Liabilities, other than long-term debt4335321647193198
Asset retirement obligations9      
Deferred tax liabilities, net 0 19148164
Other liabilities183532 292822
Self insurance reserve17  16 1711
Other undisclosed noncurrent liabilities10      
Total noncurrent liabilities:361358291168851,0751,045
Total liabilities:509542482231,0551,2711,209
Stockholders' equity
Stockholders' equity attributable to parent41219339 106343345
Common stock000 000
Treasury stock, value(9)(4)(4) (12)(13)(12)
Additional paid in capital473464440 375370364
Accumulated deficit(423)(241)(97) (257)(15)(7)
Total stockholders' equity:41219339 106343345
Other undisclosed liabilities and equity     (17)(11)
TOTAL LIABILITIES AND EQUITY:550762820231,1611,5971,543

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues710965864 8061,4911,263
Revenue, net864 8061,4911,263
Cost of revenue(655)(873)(779) (884)(1,220)(1,066)
Cost of goods and services sold(11) (666) (643)(1,011)(868)
Other undisclosed gross profit 126112 241209198
Gross profit:55218198 163480395
Operating expenses(194)(165)(147)(20)(227)(213)(186)
Other undisclosed operating loss (126)(112) (241)(209)(198)
Operating income (loss):(140)(73)(61)(20)(306)5811
Nonoperating income110 111
Investment income, nonoperating100 000
Other nonoperating income110 111
Interest and debt expense(43)(72)(37)(6)(68)(67)(67)
Loss from continuing operations before equity method investments, income taxes:(182)(144)(98)(26)(373)(8)(56)
Other undisclosed income from continuing operations before income taxes90      
Loss from continuing operations before income taxes:(91)(144)(98)(26)(373)(8)(56)
Income tax expense (benefit)(0)(0)24131(1)20
Net loss:(91)(145)(97)(22)(242)(8)(36)
Other undisclosed net loss attributable to parent(90)      
Net loss available to common stockholders, diluted:(182)(145)(97)(22)(242)(8)(36)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(91)(145)(97)(22)(242)(8)(36)
Comprehensive loss, net of tax, attributable to parent:(91)(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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