Frank's International N.V. (FI) financial statements (2020 and earlier)

Company profile

Business Address MASTENMAKERSWEG 1
DEN HELDER, 1786 PB
State of Incorp.
Fiscal Year End December 31
SIC 1389 - Oil and Gas Field Services, Not Elsewhere Classified (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 investments195213294320602489405
Cash and cash equivalents195186213320602489405
Short-term investments 2781    
Receivables167189127167246459477
Inventory, net of allowances, customer advances and progress billings796976139161204186
Inventory796976139161204186
Assets held-for-sale, not part of disposal group1484  
Other current assets10131014142316
Other undisclosed current assets1    (68)(112)
Total current assets:4664925126401,0241,107971
Noncurrent Assets
Operating lease, right-of-use asset33
Property, plant and equipment328416470567625580511
Intangible assets, net (including goodwill), including:117242245256251415
Goodwill100211211 251415
Intangible assets, net (excluding goodwill)17313445   
Other undisclosed intangible assets, net (including goodwill)   211  
Assets held-in-trust     4542
Deferred income tax assets17
Other noncurrent assets332935125535764
Deferred tax assets, net    27
Other undisclosed noncurrent assets 15   (47)(50)
Total noncurrent assets:528702750948703651590
TOTAL ASSETS:9941,1941,2621,5881,7271,7591,561
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:12012410981125163136
Accounts payable17323416131622
Accrued liabilities  756511211490
Employee-related liabilities2431     
Taxes payable3928   3223
Other undisclosed accounts payable and accrued liabilities4033     
Deferred revenue1
Debt8650700
Deferred revenue and credits518587663
Contract with customer, liability0
Other undisclosed current liabilities     (32)(23)
Total current liabilities:12913011899190207176
Noncurrent Liabilities
Long-term debt and lease obligation25      
Operating lease, liability25
Liabilities, other than long-term debt302927177857851
Deferred tax liabilities, net  21403513
Deferred income tax liabilities3
Other liabilities272927156454338
Other undisclosed noncurrent liabilities 00    
Total noncurrent liabilities:552928177857851
Total liabilities:184159146277275285227
Temporary equity, carrying amount    1  
Stockholders' equity
Stockholders' equity attributable to parent, including:8101,0351,1161,3111,2111,4731,333
Treasury stock, value(17)(15)(14)(13)(9)(5) 
Additional paid in capital1,0761,0631,0511,037712684642
Accumulated other comprehensive loss(30)(32)(31)(33)(26)(14)(2)
Retained earnings (accumulated deficit)(221)17107317532545456
Other undisclosed stockholders' equity attributable to parent33332263238
Stockholders' equity attributable to noncontrolling interest    240261236
Other undisclosed stockholders' equity     (521)(472)
Total stockholders' equity:8101,0351,1161,3111,4511,2121,097
Other undisclosed liabilities and equity     261237
TOTAL LIABILITIES AND EQUITY:9941,1941,2621,5881,7271,7591,561

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
Revenues5805224554889751,1531,078
Revenue, net45590208183175
Cost of revenue
(Cost of Goods and Services Sold)
(4) (362)(59)(114)(110)(124)
Other undisclosed gross profit(494)(448)(56)    
Gross profit:8175374288611,043954
Operating expenses(279)(159)(237)(230)(305)(265)(237)
Other undisclosed operating loss(16)(9)(15)(362)(412)(463)(376)
Operating income (loss):(213)(93)(215)(163)144315341
Nonoperating income (expense)1(1)128(18)(0)(10)6
Foreign currency transaction gain (loss), before tax(2)(6)2(11)(6)(17)(3)
Other nonoperating income1224679
Interest and debt expense(0)(0)(0)(0)(0)  
Other undisclosed income from continuing operations before equity method investments, income taxes00000  
Income (loss) from continuing operations before income taxes:(212)(94)(87)(182)143305347
Income tax expense (benefit)(24)3(73)26(37)(75)(39)
Income (loss) from continuing operations:(235)(91)(159)(156)106229308
Income from discontinued operations      32
Income (loss) before gain (loss) on sale of properties:(235)(91)(159)(156)106229340
Other undisclosed net income      11
Net income (loss):(235)(91)(159)(156)106229351
Net income (loss) attributable to noncontrolling interest   21(27)(70)(95)
Net income (loss) attributable to parent:(235)(91)(159)(135)79159255
Preferred stock dividends and other adjustments   (0)(0)(0) 
Net income (loss) available to common stockholders, basic:(235)(91)(159)(135)79159255
Other undisclosed net income available to common stockholders, diluted    255588
Net income (loss) available to common stockholders, diluted:(235)(91)(159)(135)104214344

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):(235)(91)(159)(156)106229351
Other comprehensive income (loss) (1)21(15)(16)(8)
Comprehensive income (loss):(235)(92)(157)(155)91213343
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   20(23)6693
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0  (8) (132)(187)
Comprehensive income (loss), net of tax, attributable to parent:(235)(92)(157)(143)68147250

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: