FTS International, Inc. (FTSI) financial statements (2020 and earlier)

Company profile

Business Address 777 MAIN STREET
FORT WORTH, TX 76102
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments204178
Cash and cash equivalents204178
Receivables120158
Inventory, net of allowances, customer advances and progress billings4867
Inventory4867
Prepaid expense 6
Other current assets 1
Other undisclosed current assets12 
Total current assets:384410
Noncurrent Assets
Operating lease, right-of-use asset30
Property, plant and equipment238275
Long-term investments and receivables 23
Long-term investments 23
Intangible assets, net (including goodwill)3030
Intangible assets, net (excluding goodwill)3030
Other noncurrent assets46
Total noncurrent assets:302334
TOTAL ASSETS:686744
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities92132
Accounts payable58101
Accrued liabilities3531
Debt15 
Other liabilities12 
Total current liabilities:119132
Noncurrent Liabilities
Long-term debt and lease obligation474503
Long-term debt, excluding current maturities457503
Operating lease, liability17
Liabilities, other than long-term debt461
Other liabilities461
Total noncurrent liabilities:520504
Total liabilities:639637
Stockholders' equity
Stockholders' equity attributable to parent47107
Common stock3636
Additional paid in capital4,3784,378
Accumulated deficit(4,368)(4,308)
Total stockholders' equity:47107
TOTAL LIABILITIES AND EQUITY:686744

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

9/30/2019
TTM
12/31/2018
Revenues8821,543
Cost of revenue(798)(1,137)
Cost of goods and services sold(396)(76)
Gross profit:84406
Operating expenses(96)(88)
Operating income (loss):(12)318
Nonoperating income
(Investment Income, Nonoperating)
7 
Interest and debt expense2(10)
Income (loss) from continuing operations before equity method investments, income taxes:(3)309
Income from equity method investments41
Other undisclosed loss from continuing operations before income taxes(33)(49)
Income (loss) from continuing operations before income taxes:(32)260
Income tax expense(1)(2)
Net income (loss) attributable to parent:(33)258
Other undisclosed net income available to common stockholders, basic 423
Net income (loss) available to common stockholders, diluted:(33)682

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
Net income (loss):(33)258
Comprehensive income (loss), net of tax, attributable to parent:(33)258

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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