Forum Energy Technologies, Inc. (FET) financial statements (2020 and earlier)

Company profile

Business Address 10344 SAM HOUSTON PARK DRIVE
HOUSTON, TX 77064
State of Incorp. DE
Fiscal Year End December 31
SIC 3533 - Oil and Gas Field Machinery and Equipment (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
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments58471152341097740
Cash and cash equivalents58471152341097740
Receivables154206205138139287250
Inventory, net of allowances, customer advances and progress billings415479443339424462441
Inventory415479443339424462441
Contract with customer, asset510
Costs in excess of billings109121524
Other current assets  18293455 
Other undisclosed current assets3424    55
Total current assets:666766790750718895809
Noncurrent Assets
Finance lease, right-of-use asset2
Operating lease, right-of-use asset49
Property, plant and equipment155177197152187190180
Long-term investments and receivables 45 59585060
Long-term investments 45 59585060
Intangible assets, net (including goodwill)(734)8291,1988699161,0701,098
Goodwill(1,007)470755653669798802
Intangible assets, net (excluding goodwill)272359443216247272295
Regulated entity, other noncurrent assets334    
Deferred costs    41316
Deferred income tax assets1
Other noncurrent assets16933335
Deferred tax assets, net  11  
Other undisclosed noncurrent assets1,003021   
Total noncurrent assets:4941,0641,4051,0851,1681,3261,359
TOTAL ASSETS:1,1601,8302,1951,8351,8862,2222,169
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities185224204129135255197
Accounts payable991431387477128100
Accrued liabilities878167565912797
Debt1110011
Deferred revenue and credits9871116
Billings in excess of cost249166
Other undisclosed current liabilities1112     
Total current liabilities:197237216142152282220
Noncurrent Liabilities
Long-term debt and lease obligation, including:399518507397396428512
Finance lease, liability1
Operating lease, liability50
Other undisclosed long-term debt and lease obligation348518507397396428512
Liabilities, other than long-term debt2830326181116106
Deferred tax liabilities, net  26519898
Deferred income tax liabilities2
Other liabilities2630323530178
Other undisclosed noncurrent liabilities501531    
Total noncurrent liabilities:477563570458477544618
Total liabilities:674800786599629826838
Stockholders' equity
Stockholders' equity attributable to parent4861,0301,4091,2351,2571,3951,330
Common stock1111111
Treasury stock, value(134)(134)(134)(134)(133)(132)(30)
Additional paid in capital1,2321,2151,195998891864826
Accumulated other comprehensive income (loss)(109)(115)(92)(128)(82)(37)8
Retained earnings (accumulated deficit)(503)64439498580700525
Warrants and rights outstanding      1
Stockholders' equity attributable to noncontrolling interest   1011
Total stockholders' equity:4861,0301,4091,2361,2571,3961,331
TOTAL LIABILITIES AND EQUITY:1,1601,8302,1951,8351,8862,2222,169

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues9571,0648195881,0741,7381,524
Revenue, net8195881,0741,7401,525
Cost of revenue
(Cost of Goods and Services Sold)
(712)(808)(630)(488)(811)(1,180)(1,050)
Other undisclosed gross profit     11
Gross profit:245256189100263559475
Operating expenses(781)(654)(331)(231)(391)(317)(273)
Other undisclosed operating income (loss)(0)01215257
Operating income (loss):(536)(397)(142)(129)(114)268210
Nonoperating income (expense)(33)786(9)(21)(26)(23)
Investment income, nonoperating2 120    
Foreign currency transaction gain (loss), before tax(5)6(7)2194 
Interest and debt expense(2)(2)(27)(3)(30)(30)(21)
Other undisclosed income from continuing operations before equity method investments, income taxes22273303021
Income (loss) from continuing operations before equity method investments, income taxes:(569)(390)(55)(138)(134)243186
Income from equity method investments     257
Income (loss) from continuing operations before income taxes:(569)(390)(55)(138)(134)268193
Income tax expense (benefit)216(4)5615(68)(56)
Income (loss) before gain (loss) on sale of properties:(567)(374)(59)(82)(119)200137
Other undisclosed net loss     (25)(7)
Net income (loss):(567)(374)(59)(82)(119)174130
Net income (loss) attributable to noncontrolling interest   (0)0(0)(0)
Net income (loss) available to common stockholders, diluted:(567)(374)(59)(82)(119)174130

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(567)(374)(59)(82)(119)174130
Other comprehensive income (loss)(2)10(0)0  
Other undisclosed comprehensive income (loss)8(25)36(46)(45)(45)8
Comprehensive income (loss):(561)(397)(23)(128)(165)130137
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (0)0(0)(0)
Other undisclosed comprehensive income, net of tax, attributable to parent     00
Comprehensive income (loss), net of tax, attributable to parent:(561)(397)(23)(128)(164)130137

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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