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 investments663123328
Cash and cash equivalents663123328
Receivables115909970675661
Inventory, net of allowances, customer advances and progress billings6664736
Inventory6664736
Prepaid expense7777141512
Disposal group, including discontinued operation1248109  
Other current assets11684265
Total current assets:1571191311081328391
Noncurrent Assets
Operating lease, right-of-use asset1823 
Property, plant and equipment390487590659694790932
Intangible assets, net (including goodwill)10210822223423(15)(8)
Goodwill89110114 (43)(43)
Intangible assets, net (excluding goodwill)94100112119232835
Regulated entity, other noncurrent assets     4 
Other noncurrent assets541151013
Other undisclosed noncurrent assets  25  3943
Total noncurrent assets:516622838894722828980
Other undisclosed assets      (0)
TOTAL ASSETS:6737419701,0028549101,071
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities83705945523641
Accounts payable49423728282125
Accrued liabilities34272216221415
Taxes payable0000201
Deferred revenue187 
Debt31353533171518
Asset retirement obligation  3    
Deferred revenue and credits578
Other liabilities5696230
Other undisclosed current liabilities  43   
Total current liabilities:13711711087766066
Noncurrent Liabilities
Long-term debt and lease obligation158234322343278338384
Long-term debt, excluding current maturities143214322343278338384
Operating lease, liability1520 
Liabilities, other than long-term debt15153232243657
Asset retirement obligations  1614   
Deferred tax liabilities, net  925
Deferred income tax liabilities1  
Other liabilities14151718242732
Other undisclosed noncurrent liabilities  155   
Total noncurrent liabilities:173249369380302374441
Total liabilities:310365479466378434507
Stockholders' equity
Stockholders' equity attributable to parent361375490535476475563
Preferred stock62605856   
Treasury stock, value(8)(7)(5)(1)(0)(0) 
Additional paid in capital1,5821,5781,5721,5621,3841,3111,306
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 interest211 011
Total stockholders' equity:363375491535476476564
TOTAL LIABILITIES AND EQUITY:6737419701,0028549101,071

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
Revenues594530528467382397518
Revenue, net382397518
Cost of revenue(520)(479)(478)(457)(385)(1)(1)
Cost of goods and services sold    (257)(1)(1)
Gross profit:75514910(3)396517
Operating expenses(69)(198)(98)(98)(95)(493)(663)
Other operating expense, net(0)(1)(0)(1)(2)  
Other undisclosed operating income0101211
Operating income (loss):6(147)(49)(88)(98)(96)(145)
Nonoperating income132172235
Investment income, nonoperating0000002
Other nonoperating income132172133
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)111131132033
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)148(43)353(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.

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