Basic Energy Services, Inc. (BAS) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2369039 4780
Cash and cash equivalents2369039 4780
Restricted cash and investments   48   
Receivables60100146150 104250
Inventory, net of allowances, customer advances and progress billings9203636 3745
Inventory9203636 3745
Prepaid expense861722 1416
Disposal group, including discontinued operation455     
Other current assets 354 1010
Other undisclosed current assets12    1315
Total current assets:95220295300 225415
Noncurrent Assets
Operating lease, right-of-use asset1015
Property, plant and equipment211297449503 8461,008
Intangible assets, net (including goodwill)6333767149
Goodwill      78
Intangible assets, net (excluding goodwill)633376771
Deferred costs     1315
Other noncurrent assets27141213 109
Other undisclosed noncurrent assets 232   
Total noncurrent assets:25433046752179361,182
TOTAL ASSETS:34955076282071,1611,597
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities120106154132 114205
Accounts payable65589881 5551
Accrued liabilities55485652 5991
Employee-related liabilities      42
Taxes payable      3
Interest and dividends payable      19
Debt8192756 4949
Disposal group, including discontinued operation 5     
Self insurance reserve239  7 9
Other liabilities8432 76
Other undisclosed current liabilities25    (73)
Total current liabilities:1611481841917170196
Noncurrent Liabilities
Long-term debt and lease obligation, including:318308323259 838883
Finance lease, liability 17
Operating lease, liability810
Other undisclosed long-term debt and lease obligation309282323259 838883
Liabilities, other than long-term debt504335321647193
Deferred compensation liability, classified7      
Asset retirement obligations109     
Deferred tax liabilities, net 0 19148
Deferred income tax liabilities0 
Other liabilities13183532 2928
Self insurance reserve2017  16 17
Other undisclosed noncurrent liabilities210     
Total noncurrent liabilities:369361358291168851,075
Total liabilities:530509542482231,0551,271
Temporary equity, carrying amount22      
Stockholders' equity
Stockholders' equity attributable to parent(203)41219339 106343
Common stock0000 00
Treasury stock, value(5)(9)(4)(4) (12)(13)
Additional paid in capital494473464440 375370
Accumulated deficit(691)(423)(241)(97) (257)(15)
Total stockholders' equity:(203)41219339 106343
Other undisclosed liabilities and equity      (17)
TOTAL LIABILITIES AND EQUITY:349550762820231,1611,597

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 710965864 8061,491
Revenue, net864 8061,491
Cost of revenue(5)(655)(873)(779) (884)(1,220)
Cost of goods and services sold(5)(11) (666) (643)(1,011)
Other undisclosed gross profit  126112 241209
Gross profit:(5)55218198 163480
Operating expenses(135)(194)(165)(147)(20)(227)(213)
Other undisclosed operating loss  (126)(112) (241)(209)
Operating income (loss):(140)(140)(73)(61)(20)(306)58
Nonoperating income5110 11
Investment income, nonoperating5100 00
Other nonoperating income 110 11
Interest and debt expense(2)(43)(72)(37)(6)(68)(67)
Loss from continuing operations before equity method investments, income taxes:(138)(182)(144)(98)(26)(373)(8)
Other undisclosed income (loss) from continuing operations before income taxes(115)90     
Loss from continuing operations before income taxes:(253)(91)(144)(98)(26)(373)(8)
Income tax expense (benefit)4(0)(0)24131(1)
Net loss:(249)(91)(145)(97)(22)(242)(8)
Other undisclosed net loss attributable to parent(19)(90)     
Net loss available to common stockholders, diluted:(268)(182)(145)(97)(22)(242)(8)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(249)(91)(145)(97)(22)(242)(8)
Comprehensive loss, net of tax, attributable to parent:(249)(91)(145)(97)(22)(242)(8)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: