Hi-Crush Inc. (HCR) Financial Statements (2024 and earlier)

Company Profile

Business Address 1330 POST OAK BLVD.
HOUSTON, TX 77056
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2020
MRQ
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 investments 57,559114,2565,6624,31410,4144,646
Cash and cash equivalents 57,559114,2565,6624,31410,4144,646
Receivables 71,824101,029139,44852,83441,47782,117
Inventory, net of allowances, customer advances and progress billings 39,97457,08944,27224,33827,97123,684
Inventory 39,97457,08944,27224,33827,97123,684
Other undisclosed current assets 9,81813,2392,8322,7144,5044,772
Total current assets: 179,175285,613192,21484,20084,366115,219
Noncurrent Assets
Property, plant and equipment 810,9061,031,188899,158416,950276,455241,325
Long-term investments and receivables 37,17337,35417,47510,232  
Long-term investments 37,17337,35417,47510,232  
Intangible assets, net (including goodwill) 38,14171,5758,41610,09745,52466,750
Goodwill  21,881  33,74533,745
Intangible assets, net (excluding goodwill) 38,14149,6948,41610,09711,77933,005
Deferred costs      12,826
Other noncurrent assets 1,6568,1085,8777,83113,284 
Other undisclosed noncurrent assets 44,086     
Total noncurrent assets: 931,9621,148,225930,926445,110335,263320,901
TOTAL ASSETS: 1,111,1371,433,8381,123,140529,310419,629436,120
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 71,582118,99368,35118,22311,05937,126
Interest and dividends payable 18,18818,464505   
Taxes payable 3,91510,9175,139   
Employee-related liabilities 6,52912,1447,150   
Accounts payable 40,59271,03946,79418,22311,05924,878
Accrued liabilities 2,3586,4298,763  12,248
Debt 2,6282,1942,9572,9623,2582,000
Business combination, contingent consideration, liability 400     
Deferred revenue and credits19,9404,399   
Due to related parties   12,3991,1001,32513,459
Other liabilities 2,9502,9612,496   
Other undisclosed current liabilities 49,26710,4225,8787,8776,340 
Total current liabilities: 126,827154,51096,48030,16221,98252,585
Noncurrent Liabilities
Long-term debt and lease obligation 445,339443,283194,462193,458251,137198,364
Long-term debt, excluding current maturities 445,339443,283194,462193,458251,137198,364
Liabilities, other than long-term debt 12,49628,79836,56312,8087,0666,730
Deferred revenue and credits9,8457,384   
Asset retirement obligations 10,96410,67710,1797,8087,0666,730
Other liabilities 1,5328,27619,0005,000  
Other undisclosed noncurrent liabilities 125,351     
Total noncurrent liabilities: 583,186472,081231,025206,266258,203205,094
Total liabilities: 710,013626,591327,505236,428280,185257,679
Equity
Equity, attributable to parent 401,124(4,230)    
Common stock 1,007     
Additional paid in capital 804,218     
Accumulated other comprehensive loss (700)(4,230)    
Accumulated deficit (403,401)     
Other undisclosed equity  811,477795,635292,882139,444178,441
Total equity: 401,124807,247795,635292,882139,444178,441
TOTAL LIABILITIES AND EQUITY: 1,111,1371,433,8381,123,140529,310419,629436,120

Income Statement (P&L) ($ in thousands)

6/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 636,370842,840602,623204,430339,640386,547
Cost of revenue
(Cost of Goods and Services Sold)
 (51,316)(38,284)(29,449)(15,437)(261,371)(226,476)
Other undisclosed gross profit (521,746)(577,974)(438,348)(189,193) 492
Gross profit: 63,308226,582134,826(200)78,269160,563
Operating expenses (416,327)(62,591)(40,331)(67,592)(48,360)(31,778)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
 (1,793)     
Other undisclosed operating income 8,027 3,554 12,3105,186
Operating income (loss): (346,785)163,99198,049(67,792)42,219133,971
Interest and debt expense (45,774)(31,580)(15,590)(13,341)(13,809)(9,946)
Income (loss) from continuing operations before equity method investments, income taxes: (392,559)132,41182,459(81,133)28,410124,025
Income from equity method investments 6,0135,18475   
Other undisclosed income from continuing operations before income taxes 3,612     
Income (loss) from continuing operations before income taxes: (382,934)137,59582,534(81,133)28,410124,025
Income tax expense (30,625)     
Income (loss) from continuing operations: (413,559)137,59582,534(81,133)28,410124,025
Income (loss) before gain (loss) on sale of properties: (413,559)137,59582,534(81,133)28,410124,025
Net income (loss): (413,559)137,59582,534(81,133)28,410124,025
Net loss attributable to noncontrolling interest      (955)
Other undisclosed net income (loss) attributable to parent    99(145) 
Net income (loss) attributable to parent: (413,559)137,59582,534(81,034)28,265123,070
Undistributed earnings (loss) allocated to participating securities, basic  (20,095)(51,077)
Net income (loss) available to common stockholders, diluted: (413,559)117,50031,457(81,034)28,265123,070

Comprehensive Income ($ in thousands)

6/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (413,559)137,59582,534(81,133)28,410124,025
Other comprehensive income (loss) 3,530(4,230)    
Comprehensive income (loss): (410,029)133,36582,534(81,133)28,410124,025
Comprehensive loss, net of tax, attributable to noncontrolling interest      (955)
Comprehensive income (loss), net of tax, attributable to parent: (410,029)133,36582,534(81,133)28,410123,070

Statements Sources

The financial statements are based on the Company's filings with 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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