Keane Group, Inc. (FRAC) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments157 96
Cash and cash equivalents157 96
Receivables196 238
Inventory, net of allowances, customer advances and progress billings22 33
Inventory22 33
Assets held-for-sale, not part of disposal group0  
Other undisclosed current assets6 9
Total current assets:381 376
Noncurrent Assets
Finance lease, right-of-use asset9
Operating lease, right-of-use asset41
Property, plant and equipment437 468
Intangible assets, net (including goodwill)184 192
Goodwill133 135
Intangible assets, net (excluding goodwill)51 57
Other noncurrent assets6 7
Total noncurrent assets:677 667
TOTAL ASSETS:1,059 1,043
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities185 228
Accounts payable106 92
Accrued liabilities79 135
Deferred revenue0
Debt26 4
Deferred compensation liability  4
Deferred revenue and credits5
Other liabilities2 1
Total current liabilities:213 242
Noncurrent Liabilities
Long-term debt and lease obligation364 279
Long-term debt, excluding current maturities336 274
Finance lease, liability6
Capital lease obligations 5
Operating lease, liability22
Liabilities, other than long-term debt10 9
Deferred compensation liability, classified  4
Other liabilities10 5
Total noncurrent liabilities:373 288
Total liabilities:587 530
Stockholders' equity
Stockholders' equity attributable to parent472 513
Common stock1 1
Additional paid in capital471 541
Accumulated other comprehensive loss(10) (2)
Retained earnings (accumulated deficit)10 (27)
Total stockholders' equity:472 513
TOTAL LIABILITIES AND EQUITY:1,059 1,043

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

9/30/2019
TTM
12/31/2018
12/31/2017
Revenues1,293 1,542
Cost of revenue(996) (1,439)
Cost of goods and services sold(200) (1,283)
Other undisclosed gross profit  157
Gross profit:298 260
Operating expenses(94) (94)
Other undisclosed operating loss(211) (157)
Operating income (loss):(7) 9
Nonoperating expense(16) (45)
Other nonoperating income0 14
Interest and debt expense(18) (31)
Other undisclosed income from continuing operations before equity method investments, income taxes  31
Loss from continuing operations before equity method investments, income taxes:(41) (36)
Income from equity method investments  1
Other undisclosed income (loss) from continuing operations before income taxes18 (1)
Loss from continuing operations before income taxes:(23) (36)
Income tax expense(1) (0)
Net loss available to common stockholders, diluted:(23) (36)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
Net loss:(23) (36)
Other comprehensive income  1
Comprehensive loss:(23) (35)
Other undisclosed comprehensive loss, net of tax, attributable to parent(9)  
Comprehensive loss, net of tax, attributable to parent:(32) (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.

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