Natural Gas Services Group, Inc. (NGS) Financial Statements (2024 and earlier)

Company Profile

Business Address 404 VETERANS AIRPARK LANE
MIDLAND, TX 79705
State of Incorp.
Fiscal Year End December 31
Industry (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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,37222,94228,92511,59252,62869,208
Cash and cash equivalents3,37222,94228,92511,59252,62869,208
Receivables26,20621,92723,4229,1067,2198,534
Inventory, net of allowances, customer advances and progress billings23,41419,32919,92621,08030,97426,224
Inventory23,41419,32919,92621,08030,97426,224
Prepaid expense 105166403,1483,443
Other undisclosed current assets1,1458543795972,430817
Total current assets:54,14765,10372,71842,41596,399108,226
Noncurrent Assets
Inventory, Noncurrent1,5571,5821,0651,0683,9802,829
Operating lease, right-of-use asset349285483604
Property, plant and equipment22,17620,82821,74921,86916,5877,652
Intangible assets, net (including goodwill)9001,0251,1511,27611,44011,565
Goodwill     10,03910,039
Intangible assets, net (excluding goodwill)9001,0251,1511,2761,4011,526
Other noncurrent assets2,6672,6982,0501,6031,109939
Other undisclosed noncurrent assets246,450206,985207,585217,742175,886167,099
Total noncurrent assets:274,099233,403234,083244,162209,002190,084
TOTAL ASSETS:328,246298,506306,801286,577305,401298,310
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30,20718,8989,1434,26210,8657,268
Accounts payable6,4814,7952,3731,9752,1224,162
Accrued liabilities23,72614,1036,7702,2878,7433,106
Deferred revenue 371,3121,103640
Debt   417606  
Deferred revenue and credits185
Contract with customer, liability81
Other undisclosed current liabilities15568198   
Total current liabilities:30,39920,27810,8615,50810,9467,453
Noncurrent Liabilities
Long-term debt and lease obligation25,000217285415417417
Long-term debt, excluding current maturities25,000   417417
Liabilities, other than long-term debt42,77142,10144,11132,9611,69933,121
Deferred tax liabilities, net 32,163
Deferred income tax liabilities39,79839,28841,89031,243
Other liabilities2,7792,8132,2211,7181,699958
Operating lease, liability194217285415
Other undisclosed noncurrent liabilities     32,158 
Total noncurrent liabilities:67,77142,31844,39633,37634,27433,538
Total liabilities:98,17062,59655,25738,88445,22040,991
Equity
Equity, attributable to parent230,076235,910251,544247,693260,181257,319
Common stock135134133132130129
Treasury stock, value(15,004)(8,344)(490)(490)  
Additional paid in capital115,411114,017112,615110,573107,760105,325
Retained earnings129,534130,103139,286137,478152,291151,865
Total equity:230,076235,910251,544247,693260,181257,319
TOTAL LIABILITIES AND EQUITY:328,246298,506306,801286,577305,401298,310

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues84,82572,42068,05578,44465,47867,693
Revenue, net67,693
Cost of revenue(70,877)(74,058)(60,934)(72,114)(55,873)(55,917)
Cost of goods and services sold(38,790)(37,744)(29,404)(4,388)(385)(18,730)
Other cost of operating revenue(7,650)(7,829)(6,211)(16,097)(12,564)(16,286)
Gross profit:13,948(1,638)7,1216,3309,60511,776
Operating expenses(13,517)(10,770)(10,720)(21,483)(8,967)(10,209)
Operating income (loss):431(12,408)(3,599)(15,153)6381,567
Nonoperating income (expense)(472)62261559611336
Other nonoperating income (expense)(108)68762961118250
Interest and debt expense(364)(65)(14)(15)(69)(14)
Income (loss) from continuing operations before equity method investments, income taxes:(405)(11,851)(2,998)(14,572)6821,589
Other undisclosed income from continuing operations before income taxes3646514156914
Income (loss) from continuing operations before income taxes:(41)(11,786)(2,984)(14,557)7511,603
Income tax expense (benefit)(528)2,6034,792693(325)18,248
Income (loss) from continuing operations:(569)(9,183)1,808(13,864)42619,851
Income (loss) before gain (loss) on sale of properties:(9,183)1,808(13,864)42619,851
Net income (loss) available to common stockholders, diluted:(569)(9,183)1,808(13,864)42619,851

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(569)(9,183)1,808(13,864)42619,851
Comprehensive income (loss), net of tax, attributable to parent:(569)(9,183)1,808(13,864)42619,851

Statements Sources

The financial statements are based on the Company's filings with 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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