Nuverra Environmental Solutions, Inc. (NES) financial statements (2020 and earlier)

Company profile

Business Address 6720 N. SCOTTSDALE ROAD
SCOTTSDALE, AZ 85253
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments575139139
Cash and cash equivalents575139139
Restricted cash and investments  1140 
Receivables2631312442135108
Inventory, net of allowances, customer advances and progress billings3342343
Inventory3342343
Disposal group, including discontinued operation   1 2021
Assets held-for-sale, not part of disposal group3331 
Other current assets0200000
Other undisclosed current assets43923(19)19
Total current assets:4250533392155162
Noncurrent Assets
Finance lease, right-of-use asset8
Operating lease, right-of-use asset3
Property, plant and equipment2216230294406476499
Long-term investments and receivables0000444
Long-term investments0000444
Intangible assets, net (including goodwill)131281417124558
Goodwill 3027  105409
Intangible assets, net (excluding goodwill)111141720149
Regulated entity, other noncurrent assets0      
Disposal group, including discontinued operation, noncurrent assets     95
Deferred costs     1721
Other noncurrent assets0001121821
Assets of disposal group, including discontinued operation167
Deferred tax assets, net    (3)(43)
Other undisclosed noncurrent assets181 0  (14)22
Total noncurrent assets:1952462583094397171,249
TOTAL ASSETS:2362963113435318721,411
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16262223378598
Accounts payable698471933
Accrued liabilities10171419304363
Employee-related liabilities     13 
Taxes payable     11
Interest and dividends payable     9 
Debt638646650855
Due to related parties     0 
Disposal group, including discontinued operation     99
Business combination, contingent consideration, liability 11 99
Deferred tax liabilities    10
Other liabilities   46650816 
Other undisclosed current liabilities 00(462)(508)(28)12
Total current liabilities:22652849355496125
Noncurrent Liabilities
Long-term debt and lease obligation, including:302834612607569
Long-term debt, excluding current maturities  34612592550
Finance lease, liability7
Capital lease obligations  8 1519
Operating lease, liability1
Other undisclosed long-term debt and lease obligation2128 (8)   
Liabilities, other than long-term debt8761343382
Asset retirement obligations     33
Deferred tax liabilities, net  00343
Deferred income tax liabilities0
Disposal group, including discontinued operation, liabilities     2232
Other liabilities7764444
Business combination, contingent consideration, liability1  9 1
Other undisclosed noncurrent liabilities10   (18)(9)
Total noncurrent liabilities:4035401916622642
Total liabilities:6210068512570719766
Stockholders' equity
Stockholders' equity attributable to parent174196243(169)(38)153644
Common stock0000000
Treasury stock, value(0)  (20)(20)(20)(20)
Additional paid in capital3383032911,4081,3701,3661,341
Accumulated deficit(163)(107)(48)(1,557)(1,388)(1,193)(677)
Total stockholders' equity:174196243(169)(38)153644
TOTAL LIABILITIES AND EQUITY:2362963113435318721,411

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues168197 152357536526
Revenue, net 152357536526
Cost of revenue(163)(164)(5)(209)(386)(385)(464)
Cost of goods and services sold(131)(159)(5)(130)(280)(385)(464)
Other undisclosed gross profit      8
Gross profit:633(5)(57)(29)15170
Operating expenses(56)(85)(6)(61)(116)(579)(219)
Other undisclosed operating income     9 
Operating loss:(50)(52)(11)(117)(145)(418)(150)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
11 612(4)
Interest and debt expense(0)(0) (1)(2)(7) 
Loss from continuing operations before equity method investments, income taxes:(50)(52)(11)(112)(146)(423)(153)
Income (loss) from equity method investments   2(0)(0)0
Other undisclosed loss from continuing operations before income taxes(5)(7) (56)(49)(47)(54)
Loss from continuing operations before income taxes:(55)(59)(11)(167)(195)(470)(207)
Income tax expense (benefit)0(0) (1)01273
Loss from continuing operations:(55)(59)(11)(168)(195)(457)(134)
Loss from discontinued operations   (1)(0)(58)(98)
Net loss available to common stockholders, diluted:(55)(59)(11)(169)(195)(516)(232)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(55)(59)(11)(169)(195)(516)(232)
Comprehensive loss, net of tax, attributable to parent:(55)(59)(11)(169)(195)(516)(232)

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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