Civeo Corporation (Canada) (CVEO) financial statements (2022 and earlier)
Company profile
| Business Address |
THREE ALLEN CENTER HOUSTON, TX 77002 |
| State of Incorp. | BC |
| Fiscal Year End | December 31 |
| SIC | 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places (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 investments | 6 | 6 | 3 | 12 | 33 | 2 | 8 | ||
| Cash and cash equivalents | 6 | 6 | 3 | 12 | 33 | 2 | 8 | ||
| Receivables | 115 | 90 | 99 | 70 | 67 | 56 | 61 | ||
| Inventory, net of allowances, customer advances and progress billings | 6 | 6 | 6 | 4 | 7 | 3 | 6 | ||
| Inventory | 6 | 6 | 6 | 4 | 7 | 3 | 6 | ||
| Prepaid expense | 7 | 7 | 7 | 7 | 14 | 15 | 12 | ||
| Disposal group, including discontinued operation | 12 | 4 | 8 | 10 | 9 | ||||
| Other current assets | 11 | 6 | 8 | 4 | 2 | 6 | 5 | ||
| Total current assets: | 157 | 119 | 131 | 108 | 132 | 83 | 91 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 18 | 23 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 390 | 487 | 590 | 659 | 694 | 790 | 932 | ||
| Intangible assets, net (including goodwill) | 102 | 108 | 222 | 234 | 23 | (15) | (8) | ||
| Goodwill | 8 | 9 | 110 | 114 | (43) | (43) | |||
| Intangible assets, net (excluding goodwill) | 94 | 100 | 112 | 119 | 23 | 28 | 35 | ||
| Regulated entity, other noncurrent assets | 4 | ||||||||
| Other noncurrent assets | 5 | 4 | 1 | 1 | 5 | 10 | 13 | ||
| Other undisclosed noncurrent assets | 25 | 39 | 43 | ||||||
| Total noncurrent assets: | 516 | 622 | 838 | 894 | 722 | 828 | 980 | ||
| Other undisclosed assets | (0) | ||||||||
| TOTAL ASSETS: | 673 | 741 | 970 | 1,002 | 854 | 910 | 1,071 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 83 | 70 | 59 | 45 | 52 | 36 | 41 | ||
| Accounts payable | 49 | 42 | 37 | 28 | 28 | 21 | 25 | ||
| Accrued liabilities | 34 | 27 | 22 | 16 | 22 | 14 | 15 | ||
| Taxes payable | 0 | 0 | 0 | 0 | 2 | 0 | 1 | ||
| Deferred revenue | 18 | 7 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 31 | 35 | 35 | 33 | 17 | 15 | 18 | ||
| Asset retirement obligation | 3 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 5 | 7 | 8 | ||
| Other liabilities | 5 | 6 | 9 | 6 | 2 | 3 | 0 | ||
| Other undisclosed current liabilities | 4 | 3 | |||||||
| Total current liabilities: | 137 | 117 | 110 | 87 | 76 | 60 | 66 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 158 | 234 | 322 | 343 | 278 | 338 | 384 | ||
| Long-term debt, excluding current maturities | 143 | 214 | 322 | 343 | 278 | 338 | 384 | ||
| Operating lease, liability | 15 | 20 | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 15 | 15 | 32 | 32 | 24 | 36 | 57 | ||
| Asset retirement obligations | 16 | 14 | |||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 9 | 25 | ||||
| Deferred income tax liabilities | 1 | ✕ | ✕ | ✕ | ✕ | ||||
| Other liabilities | 14 | 15 | 17 | 18 | 24 | 27 | 32 | ||
| Other undisclosed noncurrent liabilities | 15 | 5 | |||||||
| Total noncurrent liabilities: | 173 | 249 | 369 | 380 | 302 | 374 | 441 | ||
| Total liabilities: | 310 | 365 | 479 | 466 | 378 | 434 | 507 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 361 | 375 | 490 | 535 | 476 | 475 | 563 | ||
| Preferred stock | 62 | 60 | 58 | 56 | |||||
| Treasury stock, value | (8) | (7) | (5) | (1) | (0) | (0) | |||
| Additional paid in capital | 1,582 | 1,578 | 1,572 | 1,562 | 1,384 | 1,311 | 1,306 | ||
| Accumulated other comprehensive loss | (362) | (349) | (363) | (371) | (328) | (363) | (366) | ||
| Accumulated deficit | (913) | (908) | (772) | (711) | (579) | (473) | (376) | ||
| Stockholders' equity attributable to noncontrolling interest | 2 | 1 | 1 | 0 | 1 | 1 | |||
| Total stockholders' equity: | 363 | 375 | 491 | 535 | 476 | 476 | 564 | ||
| TOTAL LIABILITIES AND EQUITY: | 673 | 741 | 970 | 1,002 | 854 | 910 | 1,071 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 594 | 530 | 528 | 467 | 382 | 397 | 518 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 382 | 397 | 518 | |
| Cost of revenue | (520) | (479) | (478) | (457) | (385) | (1) | (1) | |
| Cost of goods and services sold | (257) | (1) | (1) | |||||
| Gross profit: | 75 | 51 | 49 | 10 | (3) | 396 | 517 | |
| Operating expenses | (69) | (198) | (98) | (98) | (95) | (493) | (663) | |
| Other operating expense, net | (0) | (1) | (0) | (1) | (2) | |||
| Other undisclosed operating income | 0 | 1 | 0 | 1 | 2 | 1 | 1 | |
| Operating income (loss): | 6 | (147) | (49) | (88) | (98) | (96) | (145) | |
| Nonoperating income | 13 | 21 | 7 | 2 | 2 | 3 | 5 | |
| Investment income, nonoperating | 0 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Other nonoperating income | 13 | 21 | 7 | 2 | 1 | 3 | 3 | |
| Interest and debt expense | (13) | (17) | (27) | (27) | (22) | (23) | (24) | |
| Income (loss) from continuing operations before income taxes: | 6 | (143) | (69) | (113) | (119) | (116) | (164) | |
| Income tax expense (benefit) | (3) | 11 | 11 | 31 | 13 | 20 | 33 | |
| Net income (loss): | 2 | (133) | (58) | (82) | (105) | (96) | (131) | |
| Net loss attributable to noncontrolling interest | (1) | (1) | (0) | (0) | (0) | (1) | (1) | |
| Net income (loss) attributable to parent: | 1 | (134) | (58) | (82) | (106) | (96) | (132) | |
| Preferred stock dividends and other adjustments | (2) | (2) | (2) | (50) | ||||
| Net loss available to common stockholders, diluted: | (1) | (136) | (60) | (132) | (106) | (96) | (132) | |
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): | 2 | (133) | (58) | (82) | (105) | (96) | (131) | |
| Other comprehensive income (loss) | (13) | 14 | 8 | (43) | 35 | 3 | (168) | |
| Comprehensive loss: | (10) | (119) | (50) | (125) | (70) | (92) | (299) | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1) | (2) | (0) | (0) | (1) | (1) | (1) | |
| Comprehensive loss, net of tax, attributable to parent: | (12) | (120) | (50) | (125) | (71) | (93) | (300) | |
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.