Civeo Corporation (CVEO) financial statements (2021 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)

12/31/2020
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 investments63123328263
Cash and cash equivalents63123328263
Receivables909970675661160
Inventory, net of allowances, customer advances and progress billings66473613
Inventory66473613
Prepaid expense777141512 
Disposal group, including discontinued operation48109   
Deferred tax assets    5
Other current assets684265 
Other undisclosed current assets      23
Total current assets:1191311081328391464
Noncurrent Assets
Operating lease, right-of-use asset23 
Property, plant and equipment4875906596947909321,248
Intangible assets, net (including goodwill)10822223423(15)(8)96
Goodwill9110114 (43)(43)45
Intangible assets, net (excluding goodwill)10011211923283551
Regulated entity, other noncurrent assets    4  
Other noncurrent assets4115101321
Deferred tax assets, net    2
Other undisclosed noncurrent assets 25  3943(5)
Total noncurrent assets:6228388947228289801,363
Other undisclosed assets     (0)2
TOTAL ASSETS:7419701,0028549101,0711,829
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities70594552364176
Accounts payable42372828212536
Accrued liabilities27221622141523
Employee-related liabilities      15
Taxes payable0002012
Interest and dividends payable      0
Deferred revenue7 
Debt35353317151819
Asset retirement obligation 3     
Deferred revenue and credits57819
Deferred tax liabilities    21
Other liabilities69623022
Other undisclosed current liabilities 43   (38)
Total current liabilities:11711087766066118
Noncurrent Liabilities
Long-term debt and lease obligation234322343278338384756
Long-term debt, excluding current maturities214322343278338384756
Operating lease, liability20 
Liabilities, other than long-term debt153232243657117
Asset retirement obligations 1614   22
Deferred tax liabilities, net  92556
Other liabilities15171824273239
Other undisclosed noncurrent liabilities 155   (22)
Total noncurrent liabilities:249369380302374441851
Total liabilities:365479466378434507969
Stockholders' equity
Stockholders' equity attributable to parent375490535476475563858
Preferred stock605856    
Common stock      1
Treasury stock, value(7)(5)(1)(0)(0)  
Additional paid in capital1,5781,5721,5621,3841,3111,3061,300
Accumulated other comprehensive loss(349)(363)(371)(328)(363)(366)(198)
Accumulated deficit(908)(772)(711)(579)(473)(376)(245)
Stockholders' equity attributable to noncontrolling interest11 0112
Total stockholders' equity:375491535476476564860
TOTAL LIABILITIES AND EQUITY:7419701,0028549101,0711,829

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
Revenues530528467382397518943
Revenue, net382397518943
Cost of revenue(479)(478)(457)(385)(1)(1)(545)
Cost of goods and services sold   (257)(1)(1)(545)
Gross profit:514910(3)396517398
Operating expenses(198)(98)(98)(95)(493)(663)(1,086)
Other operating expense, net(1)(0)(1)(2)  (1)
Other undisclosed operating income101211546
Operating loss:(147)(49)(88)(98)(96)(145)(143)
Nonoperating income217223511
Investment income, nonoperating0000024
Other nonoperating income21721338
Interest and debt expense(17)(27)(27)(22)(23)(24)(18)
Loss from continuing operations before equity method investments, income taxes:(143)(69)(113)(119)(116)(164)(149)
Other undisclosed loss from continuing operations before income taxes      (7)
Loss from continuing operations before income taxes:(143)(69)(113)(119)(116)(164)(156)
Income tax expense (benefit)111131132033(31)
Loss before gain (loss) on sale of properties:(133)(58)(82)(105)(96)(131)(188)
Other undisclosed net income      0
Net loss:(133)(58)(82)(105)(96)(131)(188)
Net loss attributable to noncontrolling interest(1)(0)(0)(0)(1)(1)(1)
Other undisclosed net loss attributable to parent      (0)
Net loss attributable to parent:(134)(58)(82)(106)(96)(132)(189)
Preferred stock dividends and other adjustments(2)(2)(50)    
Other undisclosed net income available to common stockholders, basic      1
Net loss available to common stockholders, diluted:(136)(60)(132)(106)(96)(132)(188)

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:(133)(58)(82)(105)(96)(131)(188)
Other comprehensive income (loss)148(43)353(168)(139)
Other undisclosed comprehensive loss      (0)
Comprehensive loss:(119)(50)(125)(70)(92)(299)(326)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(0)(0)(1)(1)(1)1
Other undisclosed comprehensive loss, net of tax, attributable to parent      (2)
Comprehensive loss, net of tax, attributable to parent:(120)(50)(125)(71)(93)(300)(328)

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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