FTS International, Inc. (FTSI) financial statements (2023 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)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 94223178
Cash and cash equivalents 94223178
Receivables 2777158
Inventory, net of allowances, customer advances and progress billings 294667
Inventory 294667
Prepaid expense 746
Other current assets 031
Other undisclosed current assets 13  
Total current assets: 169353410
Noncurrent Assets
Operating lease, right-of-use asset 526
Property, plant and equipment 132227275
Long-term investments and receivables   23
Long-term investments   23
Intangible assets, net (including goodwill) 73030
Intangible assets, net (excluding goodwill) 73030
Other noncurrent assets 146
Total noncurrent assets: 146287334
TOTAL ASSETS: 315639744
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 3959132
Accounts payable 2736101
Accrued liabilities 132331
Debt  14 
Other liabilities 012 
Other undisclosed current liabilities 3  
Total current liabilities: 4385132
Noncurrent Liabilities
Long-term debt and lease obligation 3471503
Long-term debt, excluding current maturities  457503
Operating lease, liability 314
Liabilities, other than long-term debt 2461
Other liabilities 2461
Total noncurrent liabilities: 6516504
Total liabilities: 48602637
Stockholders' equity
Stockholders' equity attributable to parent 26738107
Common stock 03636
Additional paid in capital 2804,3824,378
Accumulated deficit (13)(4,381)(4,308)
Total stockholders' equity: 26738107
TOTAL LIABILITIES AND EQUITY: 315639744

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
Revenues 237771,543
Cost of revenue (29)(726)(1,137)
Cost of goods and services sold (29)(661)(76)
Gross profit: (7)50406
Operating expenses (5)(100)(88)
Operating income (loss): (11)(50)318
Nonoperating income
(Investment Income, Nonoperating)
  7 
Interest and debt expense  1(10)
Income (loss) from continuing operations before equity method investments, income taxes: (11)(41)309
Income from equity method investments  11
Other undisclosed loss from continuing operations before income taxes (2)(31)(49)
Income (loss) from continuing operations before income taxes: (13)(72)260
Income tax expense  (1)(2)
Net income (loss) attributable to parent: (13)(73)258
Other undisclosed net income available to common stockholders, basic   423
Net income (loss) available to common stockholders, diluted: (13)(73)682

Comprehensive Income ($ in millions)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
Net income (loss): (13)(73)258
Comprehensive income (loss), net of tax, attributable to parent: (13)(73)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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