Natural Gas Services Group, Inc. (NGS) financial statements (2022 and earlier)

Company profile

Business Address 404 VETERANS AIRPARK LANE
MIDLAND, TX 79705
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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22,94228,92511,59252,62869,20864,09435,532
Cash and cash equivalents22,94228,92511,59252,62869,20864,09435,532
Receivables21,92723,4229,1067,2198,5347,3789,107
Inventory, net of allowances, customer advances and progress billings19,32919,92621,08030,97426,22425,83327,722
Inventory19,32919,92621,08030,97426,22425,83327,722
Prepaid expense5166403,1483,4431,48281
Other undisclosed current assets8543795972,430817972762
Total current assets:65,10372,71842,41596,399108,22699,75973,204
Noncurrent Assets
Inventory, Noncurrent1,5821,0651,0683,9802,829  
Operating lease, right-of-use asset285483604
Property, plant and equipment20,82821,74921,86916,5877,6527,7538,527
Intangible assets, net (including goodwill)1,0251,1511,27611,44011,56511,69011,816
Goodwill   10,03910,03910,03910,039
Intangible assets, net (excluding goodwill)1,0251,1511,2761,4011,5261,6511,777
Other noncurrent assets2,6982,0501,6031,10993926273
Other undisclosed noncurrent assets206,985207,585217,742175,886167,099174,060191,933
Total noncurrent assets:233,403234,083244,162209,002190,084193,765212,349
TOTAL ASSETS:298,506306,801286,577305,401298,310293,524285,553
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,8989,1434,26210,8657,2683,8584,297
Accounts payable4,7952,3731,9752,1224,1629711,226
Accrued liabilities14,1036,7702,2878,7433,1062,8873,071
Deferred revenue1,3121,103640
Debt 417606  417 
Deferred revenue and credits1852,225271
Contract with customer, liability81
Other undisclosed current liabilities68198     
Total current liabilities:20,27810,8615,50810,9467,4536,5004,568
Noncurrent Liabilities
Long-term debt and lease obligation217285415417417 417
Long-term debt, excluding current maturities   417417 417
Operating lease, liability217285415
Liabilities, other than long-term debt42,10144,11132,9611,69933,12154,07056,587
Deferred tax liabilities, net 32,16353,74556,458
Deferred income tax liabilities39,28841,89031,243
Other liabilities2,8132,2211,7181,699958325129
Other undisclosed noncurrent liabilities   32,158   
Total noncurrent liabilities:42,31844,39633,37634,27433,53854,07057,004
Total liabilities:62,59655,25738,88445,22040,99160,57061,572
Stockholders' equity
Stockholders' equity attributable to parent235,910251,544247,693260,181257,319232,954223,981
Common stock134133132130129128126
Treasury stock, value(8,344)(490)(490)    
Additional paid in capital114,017112,615110,573107,760105,325100,81298,310
Retained earnings130,103139,286137,478152,291151,865132,014125,545
Total stockholders' equity:235,910251,544247,693260,181257,319232,954223,981
TOTAL LIABILITIES AND EQUITY:298,506306,801286,577305,401298,310293,524285,553

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues72,42068,05578,44465,47867,69371,65495,919
Revenue, net67,69371,65495,919
Cost of revenue(74,058)(60,934)(72,114)(55,873)(55,917)(54,113)(69,360)
Cost of goods and services sold(37,744)(29,404)(4,388)(385)(18,730)(21,314)(29,227)
Other cost of operating revenue(7,829)(6,211)(16,097)(12,564)(16,286)(11,124)(13,633)
Gross profit:(1,638)7,1216,3309,60511,77617,54126,559
Operating expenses(10,770)(10,720)(21,483)(8,967)(10,209)(9,111)(11,412)
Operating income (loss):(12,408)(3,599)(15,153)6381,5678,43015,147
Nonoperating income6226155961133635117
Other nonoperating income6876296111825043132
Interest and debt expense(65)(14)(15)(69)(14)(8)(15)
Income (loss) from continuing operations before equity method investments, income taxes:(11,851)(2,998)(14,572)6821,5898,45715,249
Other undisclosed income from continuing operations before income taxes6514156914815
Income (loss) from continuing operations before income taxes:(11,786)(2,984)(14,557)7511,6038,46515,264
Income tax expense (benefit)2,6034,792693(325)18,248(1,996)(5,117)
Net income (loss) available to common stockholders, diluted:(9,183)1,808(13,864)42619,8516,46910,147

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(9,183)1,808(13,864)42619,8516,46910,147
Comprehensive income (loss), net of tax, attributable to parent:(9,183)1,808(13,864)42619,8516,46910,147

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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