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)

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 investments107355213
Cash and cash equivalents107355213
Restricted cash and investments1      
Receivables15404960547965
Inventory, net of allowances, customer advances and progress billings24277658858663
Inventory24277658858663
Disposal group, including discontinued operation 118 44   
Prepaid expense and other current assets4
Deferred tax assets  0333
Other current assets196922711 
Total current assets:166195138189152180138
Noncurrent Assets
Operating lease, right-of-use asset18
Property, plant and equipment41457475928679
Intangible assets, net (including goodwill) 27105107142145144
Goodwill  5757737166
Intangible assets, net (excluding goodwill) 274850697478
Deferred income tax assets0
Other noncurrent assets 0     
Deferred tax assets, net   171315
Other undisclosed noncurrent assets24191316   
Total noncurrent assets:8391191198251244238
TOTAL ASSETS:249286330387403423376
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19253742354736
Accounts payable11152230193320
Accrued liabilities8101512131213
Taxes payable0   213
Interest and dividends payable 00000 
Debt1502841321926
Disposal group, including discontinued operation 9 5   
Deferred tax liabilities  3   
Other undisclosed current liabilities0     0
Total current liabilities:19846591676663
Noncurrent Liabilities
Long-term debt and lease obligation, including:18  8182536
Long-term debt, excluding current maturities   81825 
Finance lease, liability0
Operating lease, liability18
Other undisclosed long-term debt and lease obligation      36
Liabilities, other than long-term debt0   242628
Deferred tax liabilities, net   242628
Deferred income tax liabilities0
Total noncurrent liabilities:18  8425163
Total liabilities:38846599109117126
Stockholders' equity
Stockholders' equity attributable to parent212202265287294306250
Common stock0000000
Treasury stock, value(33)(33)(33)(20)(18)(0)(15)
Additional paid in capital346344336318273254266
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(1)(0)
Retained earnings (accumulated deficit)(100)(108)(37)(10)3953(1)
Stockholders' equity attributable to noncontrolling interest  0000 
Total stockholders' equity:212202265288294306250
TOTAL LIABILITIES AND EQUITY:249286330387403423376

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues87178317263334449371
Revenue, net317263299384309
Cost of revenue(116)(156)(215)(172)(219)(266)(224)
Cost of goods and services sold(107)(2)(215)(172)(203)(235)(192)
Gross profit:(29)2210291115183148
Operating expenses16(92)(14)(98)(134)(102)(89)
Other undisclosed operating loss(40) (91)    
Operating income (loss):(53)(70)(3)(7)(19)8159
Nonoperating income (expense)(4)(11)(1)10(2)(2)(2)
Other nonoperating income (expense)(1)(5)1(0)(0)(0)0
Interest and debt expense(3)(3)(2)(2)(2)(2)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes3322222
Income (loss) from continuing operations before income taxes:(58)(81)(4)3(21)7957
Income tax expense (benefit)247(9)(1)8(25)(21)
Income (loss) from continuing operations:(34)(73)(13)2(13)5436
Income (loss) from discontinued operations473 (0)   
Other undisclosed income before gain (loss) on sale of properties3      
Net income (loss):16(71)(13)2(13)5436
Net income attributable to noncontrolling interest00     
Other undisclosed net loss attributable to parent  (14)(51)   
Net income (loss) available to common stockholders, diluted:16(70)(27)(49)(13)5436

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):16(71)(13)2(13)5436
Other undisclosed comprehensive loss(0)(0)     
Comprehensive income (loss):16(71)(13)2(13)5436
Comprehensive income, net of tax, attributable to noncontrolling interest00     
Other undisclosed comprehensive loss, net of tax, attributable to parent  (14)(50)(1)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:16(71)(27)(49)(14)5336

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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