Forum Energy Technologies, Inc. (FET) financial statements (2021 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)

12/31/2020
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 investments129584711523410977
Cash and cash equivalents129584711523410977
Receivables81154206205138139287
Inventory, net of allowances, customer advances and progress billings252415479443339424462
Inventory252415479443339424462
Contract with customer, asset10510
Costs in excess of billings1091215
Other current assets   18293455
Other undisclosed current assets193424    
Total current assets:490666766790750718895
Noncurrent Assets
Finance lease, right-of-use asset 2
Operating lease, right-of-use asset3249
Property, plant and equipment310155177197152187190
Long-term investments and receivables  45 595850
Long-term investments  45 595850
Intangible assets, net (including goodwill)240(734)8291,1988699161,070
Goodwill (1,007)470755653669798
Intangible assets, net (excluding goodwill)240272359443216247272
Regulated entity, other noncurrent assets 334   
Deferred costs     413
Deferred income tax assets01
Other noncurrent assets141693333
Deferred tax assets, net  11 
Other undisclosed noncurrent assets(196)1,003021  
Total noncurrent assets:4004941,0641,4051,0851,1681,326
TOTAL ASSETS:8901,1601,8302,1951,8351,8862,222
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities114185224204129135255
Accounts payable46991431387477128
Accrued liabilities688781675659127
Debt1111001
Deferred revenue and credits98711
Billings in excess of cost24916
Other undisclosed current liabilities101112    
Total current liabilities:125197237216142152282
Noncurrent Liabilities
Long-term debt and lease obligation, including:293399518507397396428
Finance lease, liability11
Operating lease, liability4550
Other undisclosed long-term debt and lease obligation248348518507397396428
Liabilities, other than long-term debt212830326181116
Deferred tax liabilities, net  265198
Deferred income tax liabilities22
Other liabilities19263032353017
Other undisclosed noncurrent liabilities45501531   
Total noncurrent liabilities:359477563570458477544
Total liabilities:484674800786599629826
Stockholders' equity
Stockholders' equity attributable to parent4064861,0301,4091,2351,2571,395
Common stock0111111
Treasury stock, value(134)(134)(134)(134)(134)(133)(132)
Additional paid in capital1,2431,2321,2151,195998891864
Accumulated other comprehensive loss(100)(109)(115)(92)(128)(82)(37)
Retained earnings (accumulated deficit)(602)(503)64439498580700
Stockholders' equity attributable to noncontrolling interest    101
Total stockholders' equity:4064861,0301,4091,2361,2571,396
TOTAL LIABILITIES AND EQUITY:8901,1601,8302,1951,8351,8862,222

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
Revenues5129571,0648195881,0741,738
Revenue, net8195881,0741,740
Cost of revenue
(Cost of Goods and Services Sold)
(523)(712)(808)(630)(488)(811)(1,180)
Other undisclosed gross profit      1
Gross profit:(11)245256189100263559
Operating expenses(221)(781)(654)(331)(231)(391)(317)
Other undisclosed operating income (loss) (0)0121525
Operating income (loss):(232)(536)(397)(142)(129)(114)268
Nonoperating income (expense)122(33)786(9)(21)(26)
Investment income, nonoperating 2 120   
Foreign currency transaction gain (loss), before tax(6)(5)6(7)2194
Interest and debt expense(2)(2)(2)(27)(3)(30)(30)
Other undisclosed income from continuing operations before equity method investments, income taxes2222733030
Income (loss) from continuing operations before equity method investments, income taxes:(110)(569)(390)(55)(138)(134)243
Income from equity method investments      25
Income (loss) from continuing operations before income taxes:(110)(569)(390)(55)(138)(134)268
Income tax expense (benefit)13216(4)5615(68)
Income (loss) before gain (loss) on sale of properties:(97)(567)(374)(59)(82)(119)200
Other undisclosed net loss      (25)
Net income (loss):(97)(567)(374)(59)(82)(119)174
Net income (loss) attributable to noncontrolling interest    (0)0(0)
Net income (loss) available to common stockholders, diluted:(97)(567)(374)(59)(82)(119)174

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 income (loss):(97)(567)(374)(59)(82)(119)174
Other comprehensive income (loss)(1)(2)10(0)0 
Other undisclosed comprehensive income (loss) 8(25)36(46)(45)(45)
Comprehensive income (loss):(98)(561)(397)(23)(128)(165)130
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (0)0(0)
Other undisclosed comprehensive income, net of tax, attributable to parent9     0
Comprehensive income (loss), net of tax, attributable to parent:(88)(561)(397)(23)(128)(164)130

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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