NCS Multistage Holdings, Inc. (NCSM) financial statements (2023 and earlier)

Company profile

Business Address 19350 STATE HIGHWAY 249
HOUSTON, TX 77070
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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22,16815,54511,24325,13133,809
Cash and cash equivalents22,16815,54511,24325,13133,809
Receivables29,11830,28346,98854,66949,249
Inventory, net of allowances, customer advances and progress billings33,91734,87139,92132,75333,135
Inventory33,91734,87139,92132,75333,135
Other undisclosed current assets3,2902,9752,4442,0371,616
Total current assets:88,49383,674100,596114,590117,809
Noncurrent Assets
Operating lease, right-of-use asset4,8095,170 
Property, plant and equipment24,70824,43532,97432,29623,651
Intangible assets, net (including goodwill)20,96621,63560,47072,097320,890
Goodwill15,22215,22215,22223,112184,478
Intangible assets, net (excluding goodwill)5,7446,41345,24848,985136,412
Deferred income tax assets2362056
Other noncurrent assets3,1133,5598,5311,3921,563
Deferred tax assets, net9,326 
Total noncurrent assets:53,83255,004101,981115,111346,104
TOTAL ASSETS:142,325138,678202,577229,701463,913
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14,1198,94313,88311,43524,682
Accounts payable7,5024,9438,5497,1677,448
Accrued liabilities6,3233,3473,4514,0846,673
Taxes payable2946531,88318410,561
Deferred revenue7151 
Debt1,4831,3471,4812,2365,334
Business combination, contingent consideration, liability   9,963 
Other liabilities2,6602,7684,4161,9911,673
Other undisclosed current liabilities1,4851,775   
Total current liabilities:19,81814,88419,78025,62531,689
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,3354,44211,43623,45521,702
Long-term debt, excluding current maturities6,3354,44211,43623,45521,702
Finance lease, liability6,3354,4421,436
Operating lease, liability3,7793,9893,487
Other undisclosed long-term debt and lease obligation(10,114)(8,431)(4,923)  
Liabilities, other than long-term debt1,7261,8777,8164,39041,531
Deferred tax liabilities, net3,13224,183
Deferred income tax liabilities114132,956
Other liabilities1,6121,8644,8601,2584,513
Business combination, contingent consideration, liability    12,835
Other undisclosed noncurrent liabilities3,7793,989   
Total noncurrent liabilities:11,84010,30819,25227,84563,233
Total liabilities:31,65825,19239,03253,47094,922
Stockholders' equity
Stockholders' equity attributable to parent92,58493,608144,610161,301356,847
Common stock2424469451439
Treasury stock, value(1,006)(809)(652)(337)(175)
Additional paid in capital437,022432,801424,633411,423399,426
Accumulated other comprehensive loss(82,094)(81,780)(80,811)(84,030)(66,707)
Retained earnings (accumulated deficit)(261,362)(256,628)(199,029)(166,206)23,864
Stockholders' equity attributable to noncontrolling interest18,08319,87818,93514,93012,144
Total stockholders' equity:110,667113,486163,545176,231368,991
TOTAL LIABILITIES AND EQUITY:142,325138,678202,577229,701463,913

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues118,502106,977205,485226,963201,634
Revenue, net201,634
Cost of revenue
(Cost of Goods and Services Sold)
(70,027)(62,907)(108,030)(108,306)(98,792)
Gross profit:48,47544,07097,455118,657102,842
Operating expenses(49,763)(111,084)(101,032)(323,446)(89,165)
Other undisclosed operating loss(3,832)(4,426)(5,914)(1,875)(8,718)
Operating income (loss):(5,120)(71,440)(9,491)(206,664)4,959
Nonoperating income (expense)1,60424,551(2,575)(1,619)(2,997)
Foreign currency transaction gain (loss), before tax283(1,060)(958)162224
Other nonoperating income2,0541,7293081821,085
Interest and debt expense(327)(606)(312)(334)(444)
Income (loss) from continuing operations before equity method investments, income taxes:(3,843)(47,495)(12,378)(208,617)1,518
Other undisclosed income from continuing operations before income taxes327606312334444
Income (loss) from continuing operations before income taxes:(3,516)(46,889)(12,066)(208,283)1,962
Income tax expense (benefit)(263)7,783(10,752)23,052(670)
Net income (loss):(3,779)(39,106)(22,818)(185,231)1,292
Net income (loss) attributable to noncontrolling interest(955)(18,493)(10,005)(5,086)810
Net income (loss) attributable to parent:(4,734)(57,599)(32,823)(190,317)2,102
Undistributed earnings (loss) allocated to participating securities, basic    (55)
Net income (loss) available to common stockholders, diluted:(4,734)(57,599)(32,823)(190,317)2,047

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(3,779)(39,106)(22,818)(185,231)1,292
Other undisclosed comprehensive income (loss)(314)(969)3,219(17,323)15,308
Comprehensive income (loss):(4,093)(40,075)(19,599)(202,554)16,600
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(955)(18,493)(10,005)(5,086)810
Comprehensive income (loss), net of tax, attributable to parent:(5,048)(58,568)(29,604)(207,640)17,410

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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