Keane Group, Inc. (FRAC) financial statements (2021 and earlier)

Company profile

Business Address 3990 ROGERDALE RD.
HOUSTON, TX 77042
State of Incorp. DE
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments281255 96
Cash and cash equivalents276255 96
Short-term investments5   
Receivables123351 238
Inventory, net of allowances, customer advances and progress billings3062 33
Inventory3062 33
Assets held-for-sale, not part of disposal group00  
Other undisclosed current assets5320 9
Total current assets:487688 376
Noncurrent Assets
Finance lease, right-of-use asset110
Operating lease, right-of-use asset3755
Property, plant and equipment471709 468
Intangible assets, net (including goodwill)155192 192
Goodwill104137 135
Intangible assets, net (excluding goodwill)5155 57
Other noncurrent assets711 7
Total noncurrent assets:671977 667
TOTAL ASSETS:1,1581,665 1,043
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities195350 228
Accounts payable61115 92
Accrued liabilities134235 135
Deferred revenue0 
Debt330 4
Deferred compensation liability   4
Deferred revenue and credits5
Other liabilities36 1
Other undisclosed current liabilities19   
Total current liabilities:220386 242
Noncurrent Liabilities
Long-term debt and lease obligation358375 279
Long-term debt, excluding current maturities333335 274
Finance lease, liability15
Capital lease obligations 5
Operating lease, liability2435
Liabilities, other than long-term debt2217 9
Deferred compensation liability, classified   4
Other liabilities2217 5
Total noncurrent liabilities:380392 288
Total liabilities:601778 530
Stockholders' equity
Stockholders' equity attributable to parent557887 513
Common stock22 1
Additional paid in capital990967 541
Accumulated other comprehensive loss(13)(9) (2)
Accumulated deficit(422)(73) (27)
Total stockholders' equity:557887 513
TOTAL LIABILITIES AND EQUITY:1,1581,665 1,043

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,2031,822 1,542
Cost of revenue(1,033)(1,404) (1,439)
Cost of goods and services sold(286)(278) (1,283)
Other undisclosed gross profit20  157
Gross profit:190418 260
Operating expenses(501)(501) (94)
Other undisclosed operating loss(20)  (157)
Operating income (loss):(331)(84) 9
Nonoperating expense(14)(21) (45)
Other nonoperating income70 14
Interest and debt expense(21)(1) (31)
Other undisclosed income from continuing operations before equity method investments, income taxes211 31
Loss from continuing operations before equity method investments, income taxes:(345)(105) (36)
Income from equity method investments   1
Other undisclosed loss from continuing operations before income taxes   (1)
Loss from continuing operations before income taxes:(345)(105) (36)
Income tax expense(1)(1) (0)
Net loss available to common stockholders, diluted:(347)(106) (36)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(347)(106) (36)
Other comprehensive income (loss)(4)(8) 1
Comprehensive loss:(351)(114) (35)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)0  
Comprehensive loss, net of tax, attributable to parent:(354)(114) (35)

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: