Flotek Industries, Inc. (FTK) financial statements (2020 and earlier)

Company profile

Business Address 10603 W. SAM HOUSTON PARKWAY N
HOUSTON, TX 77064
State of Incorp. DE
Fiscal Year End December 31
SIC 289 - Miscellaneous Chemical Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments10135521
Cash and cash equivalents10135521
Restricted cash and investments1     
Receivables164049605479
Inventory, net of allowances, customer advances and progress billings222776588586
Inventory222776588586
Disposal group, including discontinued operation 118 44  
Deferred tax assets  033
Other current assets136922711
Total current assets:152195138189152180
Noncurrent Assets
Operating lease, right-of-use asset16
Property, plant and equipment404574759286
Intangible assets, net (including goodwill) 27105107142145
Goodwill  57577371
Intangible assets, net (excluding goodwill) 2748506974
Deferred income tax assets0
Other noncurrent assets 0    
Deferred tax assets, net   1713
Other undisclosed noncurrent assets23191316  
Total noncurrent assets:7991191198251244
TOTAL ASSETS:232286330387403423
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities412537423547
Accounts payable161522301933
Accrued liabilities251015121312
Taxes payable    21
Interest and dividends payable 00000
Debt15028413219
Disposal group, including discontinued operation 9 5  
Deferred tax liabilities  3  
Total current liabilities:418465916766
Noncurrent Liabilities
Long-term debt and lease obligation17  81825
Long-term debt, excluding current maturities   81825
Finance lease, liability0
Operating lease, liability17
Liabilities, other than long-term debt0   2426
Deferred tax liabilities, net   2426
Deferred income tax liabilities0
Total noncurrent liabilities:17  84251
Total liabilities:59846599109117
Stockholders' equity
Stockholders' equity attributable to parent173202265287294306
Common stock000000
Treasury stock, value(33)(33)(33)(20)(18)(0)
Additional paid in capital348344336318273254
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(1)
Retained earnings (accumulated deficit)(140)(108)(37)(10)3953
Stockholders' equity attributable to noncontrolling interest  0000
Total stockholders' equity:173202265288294306
TOTAL LIABILITIES AND EQUITY:232286330387403423

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues119178317263334449
Revenue, net317263299384
Cost of revenue(159)(156)(215)(172)(219)(266)
Cost of goods and services sold(149)(2)(215)(172)(203)(235)
Gross profit:(40)2210291115183
Operating expenses(37)(92)(14)(98)(134)(102)
Other undisclosed operating loss  (91)   
Operating income (loss):(77)(70)(3)(7)(19)81
Nonoperating income (expense)(0)(11)(1)10(2)(2)
Other nonoperating income (expense)2(5)1(0)(0)(0)
Interest and debt expense(2)(3)(2)(2)(2)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes232222
Income (loss) from continuing operations before income taxes:(77)(81)(4)3(21)79
Income tax expense (benefit)07(9)(1)8(25)
Income (loss) from continuing operations:(77)(73)(13)2(13)54
Income (loss) from discontinued operations443 (0)  
Net income (loss):(32)(71)(13)2(13)54
Net income attributable to noncontrolling interest 0    
Other undisclosed net loss attributable to parent  (14)(51)  
Net income (loss) available to common stockholders, diluted:(32)(70)(27)(49)(13)54

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(32)(71)(13)2(13)54
Other undisclosed comprehensive income (loss)0(0)    
Comprehensive income (loss):(32)(71)(13)2(13)54
Comprehensive income, net of tax, attributable to noncontrolling interest 0    
Other undisclosed comprehensive loss, net of tax, attributable to parent  (14)(50)(1)(0)
Comprehensive income (loss), net of tax, attributable to parent:(32)(71)(27)(49)(14)53

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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