Integrated Drilling Equipment Holdings Corp (IRIG) financial statements (2022 and earlier)

Company profile

Business Address 25311 I-45 NORTH
SPRING, TX 77380
State of Incorp. DE
Fiscal Year End December 31
SIC 3533 - Oil and Gas Field Machinery and Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2639811,602
Cash and cash equivalents1,2639811,602
Restricted cash and investments  503
Receivables20,17013,33327,393
Inventory, net of allowances, customer advances and progress billings7,9507,03912,339
Inventory7,9507,03912,339
Deferred costs(2,100)  
Prepaid expense and other current assets1,041
Deferred tax assets501331,036
Other undisclosed current assets2,978865 
Total current assets:30,31122,35143,914
Noncurrent Assets
Property, plant and equipment2,2172,6863,349
Intangible assets, net (including goodwill)1,5082,7984,429
Intangible assets, net (excluding goodwill)1,5082,7984,429
Deposits noncurrent assets919191
Deferred costs3641,5173,012
Deferred tax assets, net  2,837
Total noncurrent assets:4,1807,09213,718
TOTAL ASSETS:34,49129,44357,632
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:21,6268,65411,555
Accounts payable14,201  
Accrued liabilities7,425  
Other undisclosed accounts payable and accrued liabilities 8,65411,555
Debt37,90413,038640
Other liabilities9,8925,14813,320
Other undisclosed current liabilities 14,48223,712
Total current liabilities:69,42241,32249,227
Noncurrent Liabilities
Long-term debt and lease obligation, including:1249833
Long-term debt, excluding current maturities1,34622,74636,810
Capital lease obligations1249833
Other undisclosed long-term debt and lease obligation(1,346)(22,746)(36,810)
Liabilities, other than long-term debt50133 
Deferred tax liabilities, net50133 
Other undisclosed noncurrent liabilities1,34622,74636,810
Total noncurrent liabilities:1,52022,97736,843
Total liabilities:70,94264,29986,070
Stockholders' equity
Stockholders' equity attributable to parent(36,451)(34,856)(28,438)
Common stock111
Accumulated deficit(36,452)(34,857)(28,439)
Total stockholders' equity:(36,451)(34,856)(28,438)
TOTAL LIABILITIES AND EQUITY:34,49129,44357,632

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

12/31/2014
12/31/2013
12/31/2012
Revenues87,294103,748284,244
Revenue, net87,294103,748284,244
Financial services revenue44,30077,400252,000
Cost of revenue
(Cost of Goods and Services Sold)
(59,686)(74,665)(246,724)
Gross profit:27,60829,08337,520
Operating expenses(22,784)(28,403)(37,462)
Other undisclosed operating income (loss)(287)344484
Operating income:4,5371,024542
Nonoperating income
(Other Nonoperating income)
584820186
Interest and debt expense(5,922)(5,561)(1,224)
Loss from continuing operations before income taxes:(801)(3,717)(496)
Income tax expense(65)(3,943)(772)
Loss before gain (loss) on sale of properties:(866)(7,660)(1,268)
Other undisclosed net income 11,7043,774
Net income (loss):(866)4,0442,506
Other undisclosed net loss attributable to parent (11,704)(3,774)
Net loss available to common stockholders, diluted:(866)(7,660)(1,268)

Comprehensive Income ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Net income (loss):(866)4,0442,506
Comprehensive income (loss), net of tax, attributable to parent:(866)4,0442,506

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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