Nuverra Environmental Solutions, Inc. (NES) financial statements (2021 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)

12/31/2020
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 investments1357513913
Cash and cash equivalents1357513913
Restricted cash and investments   1140
Receivables202631312442135
Inventory, net of allowances, customer advances and progress billings3334234
Inventory3334234
Disposal group, including discontinued operation    1 20
Assets held-for-sale, not part of disposal group13331 
Other current assets 020000
Other undisclosed current assets143923(19)
Total current assets:384250533392155
Noncurrent Assets
Finance lease, right-of-use asset68
Operating lease, right-of-use asset23
Property, plant and equipment02216230294406476
Long-term investments and receivables0000044
Long-term investments0000044
Intangible assets, net (including goodwill)0131281417124
Goodwill  3027  105
Intangible assets, net (excluding goodwill)0111141720
Regulated entity, other noncurrent assets10     
Disposal group, including discontinued operation, noncurrent assets      95
Deferred costs      17
Other noncurrent assets000011218
Deferred tax assets, net    (3)
Other undisclosed noncurrent assets144181 0  (14)
Total noncurrent assets:153195246258309439717
TOTAL ASSETS:191236296311343531872
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15162622233785
Accounts payable56984719
Accrued liabilities10101714193043
Employee-related liabilities      13
Taxes payable      1
Interest and dividends payable      9
Debt263864665085
Due to related parties      0
Disposal group, including discontinued operation      9
Business combination, contingent consideration, liability  11 99
Deferred tax liabilities    1
Other liabilities    46650816
Other undisclosed current liabilities  00(462)(508)(28)
Total current liabilities:1722652849355496
Noncurrent Liabilities
Long-term debt and lease obligation, including:32302834612607
Long-term debt, excluding current maturities   34612592
Finance lease, liability67
Capital lease obligations  8 15
Operating lease, liability11
Other undisclosed long-term debt and lease obligation242128 (8)  
Liabilities, other than long-term debt987613433
Asset retirement obligations8     3
Deferred tax liabilities, net  003
Deferred income tax liabilities00
Disposal group, including discontinued operation, liabilities      22
Other liabilities 776444
Business combination, contingent consideration, liability11  9 1
Other undisclosed noncurrent liabilities110   (18)
Total noncurrent liabilities:424035401916622
Total liabilities:596210068512570719
Stockholders' equity
Stockholders' equity attributable to parent132174196243(169)(38)153
Common stock0000000
Treasury stock, value(0)(0)  (20)(20)(20)
Additional paid in capital3403383032911,4081,3701,366
Accumulated deficit(207)(163)(107)(48)(1,557)(1,388)(1,193)
Total stockholders' equity:132174196243(169)(38)153
TOTAL LIABILITIES AND EQUITY:191236296311343531872

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues110168197 152357536
Revenue, net 152357536
Cost of revenue(88)(163)(164)(5)(209)(386)(385)
Cost of goods and services sold(87)(131)(159)(5)(130)(280)(385)
Gross profit:22633(5)(57)(29)151
Operating expenses(62)(56)(85)(6)(61)(116)(579)
Other undisclosed operating income      9
Operating loss:(40)(50)(52)(11)(117)(145)(418)
Nonoperating income
(Other Nonoperating income)
011 612
Interest and debt expense(0)(0)(0) (1)(2)(7)
Loss from continuing operations before equity method investments, income taxes:(40)(50)(52)(11)(112)(146)(423)
Income (loss) from equity method investments    2(0)(0)
Other undisclosed loss from continuing operations before income taxes(4)(5)(7) (56)(49)(47)
Loss from continuing operations before income taxes:(44)(55)(59)(11)(167)(195)(470)
Income tax expense (benefit)(0)0(0) (1)012
Loss from continuing operations:(44)(55)(59)(11)(168)(195)(457)
Loss from discontinued operations    (1)(0)(58)
Net loss available to common stockholders, diluted:(44)(55)(59)(11)(169)(195)(516)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(44)(55)(59)(11)(169)(195)(516)
Comprehensive loss, net of tax, attributable to parent:(44)(55)(59)(11)(169)(195)(516)

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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