Frontier Oilfield Services Inc (FOSI) financial statements (2020 and earlier)

Company profile

Business Address 3030 LBJ FREEWAY
DALLAS, TX 75234
State of Incorp. TX
Fiscal Year End December 31
SIC 1382 - Oil and Gas Field Exploration Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2019
TTM
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 investments152617202211552
Cash and cash equivalents152617202211552
Receivables5275992065589311,823
Inventory, net of allowances, customer advances and progress billings    1198215
Inventory    1198215
Deferred costs    195 289
Disposal group, including discontinued operation     242126
Other undisclosed current assets    78871,442
Total current assets:671011172268541,5723,947
Noncurrent Assets
Property, plant and equipment     11,02013,190
Intangible assets, net (including goodwill) 2623354094823,0853,491
Intangible assets, net (excluding goodwill) 2623354094823,0853,491
Deposits noncurrent assets  22273213
Deferred costs    188383625
Other noncurrent assets801      
Assets held-for-sale, long lived1,947
Other undisclosed noncurrent assets 2    11
Total noncurrent assets:80126433841169714,52019,278
Other undisclosed assets 2,8063,3084,1165,276  
TOTAL ASSETS:8683,1723,7624,7536,82716,09223,225
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3681,0341,5222,4312,7183,4033,397
Accrued liabilities2,0431,7111,2742,1721,5358581,037
Other undisclosed accounts payable and accrued liabilities(1,674)(678)2482591,1842,5452,360
Debt8,0477,9517,9617,7738,58510,3638,756
Disposal group, including discontinued operation      1,476
Other undisclosed current liabilities2,0431,7111,2742,1721,5358583,752
Total current liabilities:10,45810,69610,75712,37612,83814,62417,381
Noncurrent Liabilities
Long-term debt and lease obligation703   601,5951,656
Long-term debt, excluding current maturities    601,5951,656
Operating lease, liability703
Total noncurrent liabilities:703   601,5951,656
Total liabilities:11,16110,69610,75712,37612,89816,21919,038
Stockholders' equity
Stockholders' equity attributable to parent(10,293)(7,525)(6,995)(7,623)(6,071)(127)4,187
Preferred stock     2918
Preferred stock, shares subscribed but unissued, subscriptions receivable     450 
Common stock1481481391191155556
Additional paid in capital35,26635,26634,91932,92532,69332,14331,659
Deferred compensation equity      (74)
Accumulated deficit(45,707)(42,938)(42,052)(40,666)(38,879)(32,803)(27,471)
Total stockholders' equity:(10,293)(7,525)(6,995)(7,623)(6,071)(127)4,187
TOTAL LIABILITIES AND EQUITY:8683,1723,7624,7536,82716,09223,225

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues8971,1351,1371,2793,81616,08130,209
Cost of revenue
(Cost of Goods and Services Sold)
   (663)(2,034)(11,312)(22,576)
Gross profit:8971,1351,1376161,7824,7697,633
Operating expenses(4,150)(2,021)(2,177)(2,051)(11,498)(18,718)(36,415)
Other undisclosed operating income   6632,03411,31222,576
Operating loss:(3,252)(886)(1,040)(773)(7,682)(2,637)(6,206)
Nonoperating income (expense)0(1)(346)    
Investment income, nonoperating0      
Other nonoperating expense (1)     
Interest and debt expense1,133439526(1,113)963(1,828)(1,841)
Other undisclosed loss from continuing operations before equity method investments, income taxes(1)      
Loss from continuing operations before equity method investments, income taxes:(2,120)(448)(860)(1,886)(6,719)(4,464)(8,047)
Other undisclosed income (loss) from continuing operations before income taxes(439)(439)(526)103693(797)2,284
Loss from continuing operations before income taxes:(2,559)(886)(1,386)(1,783)(6,026)(5,262)(5,763)
Income tax expense   (5)(1)(24)(72)
Loss from continuing operations:(2,559)(886)(1,386)(1,788)(6,027)(5,285)(5,836)
Loss from discontinued operations      (2,899)
Net loss:(2,559)(886)(1,386)(1,788)(6,027)(5,285)(8,735)
Other undisclosed net loss attributable to parent(38)      
Net loss attributable to parent:(2,596)(886)(1,386)(1,788)(6,027)(5,285)(8,735)
Preferred stock dividends and other adjustments    (49)(46) 
Net loss available to common stockholders, diluted:(2,596)(886)(1,386)(1,788)(6,076)(5,332)(8,735)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(2,559)(886)(1,386)(1,788)(6,027)(5,285)(8,735)
Comprehensive loss, net of tax, attributable to parent:(2,559)(886)(1,386)(1,788)(6,027)(5,285)(8,735)

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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