Liberty Oilfield Services Inc. (LBRT) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments69113103
Cash and cash equivalents69113103
Receivables339253248
Inventory, net of allowances, customer advances and progress billings1198960
Inventory1198960
Other undisclosed current assets413550
Total current assets:567489461
Noncurrent Assets
Finance lease, right-of-use asset3955
Operating lease, right-of-use asset7653
Property, plant and equipment1,121652627
Deferred income tax assets5 
Other noncurrent assets823428
Total noncurrent assets:1,323794655
TOTAL ASSETS:1,8901,2831,117
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities222157113
Accounts payable19311880
Employee-related liabilities282923
Interest and dividends payable 1110
Debt21400
Due to related parties 12
Other undisclosed current liabilities11468104
Total current liabilities:356266220
Noncurrent Liabilities
Long-term debt and lease obligation167167106
Long-term debt, excluding current maturities105106106
Finance lease, liability1125
Operating lease, liability5037
Liabilities, other than long-term debt576833
Accounts payable and accrued liabilities5748 
Deferred tax liabilities, net33
Deferred income tax liabilities 20
Other undisclosed noncurrent liabilities  17
Total noncurrent liabilities:224235156
Total liabilities:580502376
Stockholders' equity
Stockholders' equity attributable to parent, including:1,151555433
Additional paid in capital1,126411313
Retained earnings23143119
Other undisclosed stockholders' equity attributable to parent211
Stockholders' equity attributable to noncontrolling interest159227308
Total stockholders' equity:1,310781741
TOTAL LIABILITIES AND EQUITY:1,8901,2831,117

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

12/31/2020
12/31/2019
12/31/2018
Revenues9661,9902,155
Cost of revenue(1,046)(1,775)(1,754)
Cost of goods and services sold(858)(1,621)(1,629)
Gross profit:(80)215401
Operating expenses(97)(111)(95)
Operating income (loss):(177)104307
Nonoperating income
(Investment Income, Nonoperating)
0  
Interest and debt expense(15)(15)(17)
Income (loss) from continuing operations before income taxes:(191)89289
Income tax expense (benefit)31(14)(40)
Income (loss) before gain (loss) on sale of properties:(160)75249
Other undisclosed net loss(0)  
Net income (loss):(161)75249
Net income (loss) attributable to noncontrolling interest45(36)(114)
Other undisclosed net loss attributable to parent  (9)
Net income (loss) available to common stockholders, basic:(116)39126
Dilutive securities, effect on basic earnings per share 1787
Net income (loss) available to common stockholders, diluted:(116)56213

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income (loss):(161)75249
Comprehensive income (loss):(161)75249
Comprehensive income (loss), net of tax, attributable to noncontrolling interest45(36)(114)
Comprehensive income (loss), net of tax, attributable to parent:(116)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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