Liberty Oilfield Services Inc. (LBRT) financial statements (2020 and earlier)

Company profile

Business Address 950 17TH STREET
DENVER, CO 80202
State of Incorp.
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)

Current Assets
Cash, cash equivalents, and short-term investments113103
Cash and cash equivalents113103
Inventory, net of allowances, customer advances and progress billings8960
Other undisclosed current assets3550
Total current assets:489461
Noncurrent Assets
Finance lease, right-of-use asset55
Operating lease, right-of-use asset53
Property, plant and equipment652627
Other noncurrent assets3428
Total noncurrent assets:794655
TOTAL ASSETS:1,2831,117
Current Liabilities
Accounts payable and accrued liabilities157113
Accounts payable11880
Employee-related liabilities2923
Interest and dividends payable1110
Due to related parties12
Other undisclosed current liabilities68104
Total current liabilities:266220
Noncurrent Liabilities
Long-term debt and lease obligation167106
Long-term debt, excluding current maturities106106
Finance lease, liability25
Operating lease, liability37
Liabilities, other than long-term debt6833
Accounts payable and accrued liabilities48 
Deferred tax liabilities, net33
Deferred income tax liabilities20
Other undisclosed noncurrent liabilities 17
Total noncurrent liabilities:235156
Total liabilities:502376
Stockholders' equity
Stockholders' equity attributable to parent, including:555433
Additional paid in capital411313
Retained earnings143119
Other undisclosed stockholders' equity attributable to parent11
Stockholders' equity attributable to noncontrolling interest227308
Total stockholders' equity:781741

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

Cost of revenue(1,775)(1,754)
Cost of goods and services sold(1,621)(1,629)
Gross profit:215401
Operating expenses(111)(95)
Operating income:104307
Interest and debt expense(15)(17)
Income from continuing operations before income taxes:89289
Income tax expense(14)(40)
Net income:75249
Net loss attributable to noncontrolling interest(36)(114)
Other undisclosed net loss attributable to parent (9)
Net income available to common stockholders, basic:39126
Dilutive securities, effect on basic earnings per share1787
Net income available to common stockholders, diluted:56213

Comprehensive Income ($ in millions)

Net income:75249
Comprehensive income:75249
Comprehensive loss, net of tax, attributable to noncontrolling interest(36)(114)
Comprehensive income, net of tax, attributable to parent:39135

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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