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

Company profile

Business Address 3990 ROGERDALE RD.
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)

Current Assets
Cash, cash equivalents, and short-term investments255 96
Cash and cash equivalents255 96
Receivables351 238
Inventory, net of allowances, customer advances and progress billings62 33
Inventory62 33
Assets held-for-sale, not part of disposal group0  
Other undisclosed current assets20 9
Total current assets:688 376
Noncurrent Assets
Finance lease, right-of-use asset10
Operating lease, right-of-use asset55
Property, plant and equipment709 468
Intangible assets, net (including goodwill)192 192
Goodwill137 135
Intangible assets, net (excluding goodwill)55 57
Other noncurrent assets11 7
Total noncurrent assets:977 667
TOTAL ASSETS:1,665 1,043
Current Liabilities
Accounts payable and accrued liabilities350 228
Accounts payable115 92
Accrued liabilities235 135
Debt30 4
Deferred compensation liability  4
Deferred revenue and credits5
Other liabilities6 1
Total current liabilities:386 242
Noncurrent Liabilities
Long-term debt and lease obligation375 279
Long-term debt, excluding current maturities335 274
Finance lease, liability5
Capital lease obligations 5
Operating lease, liability35
Liabilities, other than long-term debt17 9
Deferred compensation liability, classified  4
Other liabilities17 5
Total noncurrent liabilities:392 288
Total liabilities:778 530
Stockholders' equity
Stockholders' equity attributable to parent887 513
Common stock2 1
Additional paid in capital967 541
Accumulated other comprehensive loss(9) (2)
Accumulated deficit(73) (27)
Total stockholders' equity:887 513

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

Revenues1,822 1,542
Cost of revenue(1,404) (1,439)
Cost of goods and services sold(278) (1,283)
Other undisclosed gross profit  157
Gross profit:418 260
Operating expenses(501) (94)
Other undisclosed operating loss  (157)
Operating income (loss):(84) 9
Nonoperating expense(21) (45)
Other nonoperating income0 14
Interest and debt expense(1) (31)
Other undisclosed income from continuing operations before equity method investments, income taxes1 31
Loss from continuing operations before equity method investments, income taxes:(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:(105) (36)
Income tax expense(1) (0)
Net loss available to common stockholders, diluted:(106) (36)

Comprehensive Income ($ in millions)

Net loss:(106) (36)
Other comprehensive income (loss)(8) 1
Comprehensive loss:(114) (35)
Other undisclosed comprehensive income, net of tax, attributable to parent0  
Comprehensive loss, net of tax, attributable to parent:(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.

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