Frank's International N.V. (FI) financial statements (2021 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)

12/31/2020
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 investments212195213294320602489
Cash and cash equivalents210195186213320602489
Short-term investments2 2781   
Receivables111167189127167246459
Inventory, net of allowances, customer advances and progress billings82796976139161204
Inventory82796976139161204
Assets held-for-sale, not part of disposal group31484  
Other current assets8101310141423
Other undisclosed current assets21    (68)
Total current assets:4174664925126401,0241,107
Noncurrent Assets
Operating lease, right-of-use asset2833
Property, plant and equipment273328416470567625580
Intangible assets, net (including goodwill), including:511172422452562514
Goodwill43100211211 2514
Intangible assets, net (excluding goodwill)817313445  
Other undisclosed intangible assets, net (including goodwill)    211  
Assets held-in-trust      45
Deferred income tax assets1817
Other noncurrent assets313329351255357
Deferred tax assets, net    2
Other undisclosed noncurrent assets  15   (47)
Total noncurrent assets:400528702750948703651
TOTAL ASSETS:8179941,1941,2621,5881,7271,759
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:10012012410981125163
Accounts payable22173234161316
Accrued liabilities   7565112114
Employee-related liabilities232431    
Taxes payable303928   32
Other undisclosed accounts payable and accrued liabilities244033    
Deferred revenue11
Debt 865070
Deferred revenue and credits5185876
Contract with customer, liability0
Other liabilities2      
Other undisclosed current liabilities8     (32)
Total current liabilities:11012913011899190207
Noncurrent Liabilities
Long-term debt and lease obligation2125     
Operating lease, liability2125
Liabilities, other than long-term debt243029271778578
Deferred tax liabilities, net  214035
Deferred income tax liabilities23
Other liabilities232729271564543
Other undisclosed noncurrent liabilities  00   
Total noncurrent liabilities:465529281778578
Total liabilities:156184159146277275285
Temporary equity, carrying amount     1 
Stockholders' equity
Stockholders' equity attributable to parent, including:6618101,0351,1161,3111,2111,473
Treasury stock, value(20)(17)(15)(14)(13)(9)(5)
Additional paid in capital1,0881,0761,0631,0511,037712684
Accumulated other comprehensive loss(32)(30)(32)(31)(33)(26)(14)
Retained earnings (accumulated deficit)(377)(221)17107317532545
Other undisclosed stockholders' equity attributable to parent333332263
Stockholders' equity attributable to noncontrolling interest     240261
Other undisclosed stockholders' equity      (521)
Total stockholders' equity:6618101,0351,1161,3111,4511,212
Other undisclosed liabilities and equity      261
TOTAL LIABILITIES AND EQUITY:8179941,1941,2621,5881,7271,759

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
Revenues3905805224554889751,153
Revenue, net45590208183
Cost of revenue
(Cost of Goods and Services Sold)
(0)(4) (362)(59)(114)(110)
Other undisclosed gross profit(376)(494)(448)(56)   
Gross profit:148175374288611,043
Operating expenses(171)(279)(159)(237)(230)(305)(265)
Other undisclosed operating loss(6)(16)(9)(15)(362)(412)(463)
Operating income (loss):(163)(213)(93)(215)(163)144315
Nonoperating income (expense)31(1)128(18)(0)(10)
Foreign currency transaction gain (loss), before tax(0)(2)(6)2(11)(6)(17)
Other nonoperating income2122467
Interest and debt expense(0)(0)(0)(0)(0)(0) 
Other undisclosed income from continuing operations before equity method investments, income taxes000000 
Income (loss) from continuing operations before income taxes:(160)(212)(94)(87)(182)143305
Income tax expense (benefit)4(24)3(73)26(37)(75)
Net income (loss):(156)(235)(91)(159)(156)106229
Net income (loss) attributable to noncontrolling interest    21(27)(70)
Net income (loss) attributable to parent:(156)(235)(91)(159)(135)79159
Preferred stock dividends and other adjustments    (0)(0)(0)
Net income (loss) available to common stockholders, basic:(156)(235)(91)(159)(135)79159
Other undisclosed net income available to common stockholders, diluted     2555
Net income (loss) available to common stockholders, diluted:(156)(235)(91)(159)(135)104214

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):(156)(235)(91)(159)(156)106229
Other comprehensive income (loss)  (1)21(15)(16)
Comprehensive income (loss):(156)(235)(92)(157)(155)91213
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    20(23)66
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)0  (8) (132)
Comprehensive income (loss), net of tax, attributable to parent:(158)(235)(92)(157)(143)68147

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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