Key Energy Services, Inc. (KEG) financial statements (2021 and earlier)

Company profile

Business Address 1301 MCKINNEY STREET
HOUSTON, TX 77010
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)

9/30/2020
TTM
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 1450739120427
Cash and cash equivalents 1450739120427
Restricted cash and investments 0 425  
Receivables 51746971116317
Inventory, net of allowances, customer advances and progress billings 141621222930
Inventory 141621222930
Prepaid expense      28
Other current assets 221819267187
Other undisclosed current assets      (55)
Total current assets: 102158187235420434
Noncurrent Assets
Property, plant and equipment 2282763274058801,235
Long-term investments and receivables      1
Long-term investments      1
Intangible assets, net (including goodwill) 00016597
Goodwill      583
Intangible assets, net (excluding goodwill) 0001615
Deposits noncurrent assets      10
Estimated insurance recoveries 131315161719
Deferred costs     1811
Other noncurrent assets 18915182156
Deferred tax assets, net    35
Other undisclosed noncurrent assets (13)(13)(15)(16)(35)(65)
Total noncurrent assets: 2462853424239071,900
TOTAL ASSETS: 3484435296581,3282,333
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 914141031315
Accounts payable 91414103178
Accrued liabilities      164
Employee-related liabilities      32
Taxes payable      26
Interest and dividends payable      15
Self insurance reserve      31
Other liabilities 918788104121164
Other undisclosed current liabilities 33333(269)
Total current liabilities: 102103104117154242
Noncurrent Liabilities
Long-term debt and lease obligation 240241243245962748
Long-term debt, excluding current maturities 240241243245962748
Liabilities, other than long-term debt 3128283045274
Accounts payable and accrued liabilities 312828303133
Asset retirement obligations      13
Deferred tax liabilities, net  014228
Other undisclosed noncurrent liabilities 262525232611
Total noncurrent liabilities: 2972942972991,0331,034
Total liabilities: 3993984004151,1881,275
Stockholders' equity
Stockholders' equity attributable to parent (51)451282421401,056
Common stock 00001615
Treasury stock, value (0)(0)(1)(0)(0)(2)
Additional paid in capital 266265259252967961
Accumulated other comprehensive income (loss)    0(44)(37)
Retained earnings (accumulated deficit) (317)(220)(131)(10)(798)119
Other undisclosed stockholders' equity 001002
Total stockholders' equity: (51)461292431401,058
TOTAL LIABILITIES AND EQUITY: 3484435296581,3282,333

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 414522436187921,427
Revenue, net436187921,427
Cost of revenue
(Cost of Goods and Services Sold)
 (333)(406)(332)(17)(715)(1,060)
Gross profit: 80115104178368
Operating expenses (148)(174)(200)(10)(1,105)(584)
Other operating expense, net
(Other Expenses)
      (1,309)
Other undisclosed operating income      1,321
Operating loss: (68)(59)(96)(9)(1,027)(204)
Nonoperating income (expense) 227(0)(9)(1)
Investment income, nonoperating 111000
Foreign currency transaction gain (loss), before tax  00(0)(4)(4)
Other nonoperating income (expense) 126(0)23
Interest and debt expense (36)(34)(32)(1)(74)(54)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (2)   
Loss from continuing operations before equity method investments, income taxes: (101)(91)(122)(10)(1,111)(259)
Income (loss) from equity method investments   (1) 00
Loss from continuing operations before income taxes: (101)(91)(123)(10)(1,111)(259)
Income tax benefit 422019380
Other undisclosed income (loss) from continuing operations   1(0)(0)(0)
Net loss available to common stockholders, diluted: (97)(89)(121)(10)(918)(179)

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss: (97)(89)(121)(10)(918)(179)
Other comprehensive income (loss)   (0)0(6)(22)
Comprehensive loss, net of tax, attributable to parent: (97)(89)(121)(10)(924)(200)

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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