Civeo Corporation (CVEO) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3123328263
Cash and cash equivalents3123328263
Receivables9970675661160
Inventory, net of allowances, customer advances and progress billings6473613
Inventory6473613
Prepaid expense77141512 
Disposal group, including discontinued operation8109   
Deferred tax assets    5
Other current assets84265 
Other undisclosed current assets     23
Total current assets:1311081328391464
Noncurrent Assets
Property, plant and equipment5906596947909321,248
Intangible assets, net (including goodwill)22223423(15)(8)96
Goodwill110114 (43)(43)45
Intangible assets, net (excluding goodwill)11211923283551
Regulated entity, other noncurrent assets   4  
Other noncurrent assets115101321
Deferred tax assets, net    2
Other undisclosed noncurrent assets25  3943(5)
Total noncurrent assets:8388947228289801,363
Other undisclosed assets    (0)2
TOTAL ASSETS:9701,0028549101,0711,829
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities594552364176
Accounts payable372828212536
Accrued liabilities221622141523
Employee-related liabilities     15
Taxes payable002012
Interest and dividends payable     0
Debt353317151819
Asset retirement obligation3     
Deferred revenue and credits57819
Deferred tax liabilities    21
Other liabilities9623022
Other undisclosed current liabilities43   (38)
Total current liabilities:11087766066118
Noncurrent Liabilities
Long-term debt and lease obligation322343278338384756
Long-term debt, excluding current maturities322343278338384756
Liabilities, other than long-term debt3232243657117
Asset retirement obligations1614   22
Deferred tax liabilities, net  92556
Other liabilities171824273239
Other undisclosed noncurrent liabilities155   (22)
Total noncurrent liabilities:369380302374441851
Total liabilities:479466378434507969
Stockholders' equity
Stockholders' equity attributable to parent490535476475563858
Preferred stock5856    
Common stock     1
Treasury stock, value(5)(1)(0)(0)  
Additional paid in capital1,5721,5621,3841,3111,3061,300
Accumulated other comprehensive loss(363)(371)(328)(363)(366)(198)
Accumulated deficit(772)(711)(579)(473)(376)(245)
Stockholders' equity attributable to noncontrolling interest1 0112
Total stockholders' equity:491535476476564860
TOTAL LIABILITIES AND EQUITY:9701,0028549101,0711,829

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues528467382397518943
Revenue, net382397518943
Cost of revenue(478)(457)(385)(1)(1)(545)
Cost of goods and services sold  (257)(1)(1)(545)
Gross profit:4910(3)396517398
Operating expenses(98)(98)(95)(493)(663)(1,086)
Other operating expense, net(0)(1)(2)  (1)
Other undisclosed operating income01211546
Operating loss:(49)(88)(98)(96)(145)(143)
Nonoperating income7223511
Investment income, nonoperating000024
Other nonoperating income721338
Interest and debt expense(27)(27)(22)(23)(24)(18)
Loss from continuing operations before equity method investments, income taxes:(69)(113)(119)(116)(164)(149)
Other undisclosed loss from continuing operations before income taxes     (7)
Loss from continuing operations before income taxes:(69)(113)(119)(116)(164)(156)
Income tax expense (benefit)1131132033(31)
Loss before gain (loss) on sale of properties:(58)(82)(105)(96)(131)(188)
Other undisclosed net income     0
Net loss:(58)(82)(105)(96)(131)(188)
Net loss attributable to noncontrolling interest(0)(0)(0)(1)(1)(1)
Other undisclosed net loss attributable to parent     (0)
Net loss attributable to parent:(58)(82)(106)(96)(132)(189)
Preferred stock dividends and other adjustments(2)(50)    
Other undisclosed net income available to common stockholders, basic     1
Net loss available to common stockholders, diluted:(60)(132)(106)(96)(132)(188)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(58)(82)(105)(96)(131)(188)
Other comprehensive income (loss)8(43)353(168)(139)
Other undisclosed comprehensive loss     (0)
Comprehensive loss:(50)(125)(70)(92)(299)(326)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(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:(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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