Nine Energy Service, Inc. (NINE) financial statements (2022 and earlier)

Company profile

Business Address 2001 KIRBY DRIVE
HOUSTON, TX 77019
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22699364
Cash and cash equivalents22699364
Receivables654398155
Inventory, net of allowances, customer advances and progress billings42386191
Inventory42386191
Other undisclosed current assets10161723
Total current assets:139166269333
Noncurrent Assets
Finance lease, right-of-use asset12 
Operating lease, right-of-use asset3536 
Property, plant and equipment87102129212
Intangible assets, net (including goodwill)116133445590
Goodwill  296308
Intangible assets, net (excluding goodwill)116133149282
Other noncurrent assets2386
Total noncurrent assets:242276582808
TOTAL ASSETS:3824438511,141
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities473560108
Accounts payable29183546
Accrued liabilities19172561
Taxes payable   0
Debt32 1
Other undisclosed current liabilities661 
Total current liabilities:564361108
Noncurrent Liabilities
Long-term debt and lease obligation363376394425
Long-term debt, excluding current maturities332343392425
Finance lease, liability01 
Operating lease, liability30322
Liabilities, other than long-term debt23411
Deferred tax liabilities, net6
Other liabilities2345
Other undisclosed noncurrent liabilities  22
Total noncurrent liabilities:364379400438
Total liabilities:421422461546
Stockholders' equity
Stockholders' equity attributable to parent(39)20390595
Common stock0000
Additional paid in capital773768759746
Accumulated other comprehensive loss(5)(5)(4)(5)
Accumulated deficit(808)(744)(365)(147)
Total stockholders' equity:(39)20390595
TOTAL LIABILITIES AND EQUITY:3824438511,141

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues349311833827
Cost of revenue(29)(302)(670)(639)
Cost of goods and services sold(29)(41)(56)(1)
Gross profit:3219163188
Operating expenses(62)(359)(316)(162)
Other undisclosed operating loss(308)(33)(29)(55)
Operating loss:(50)(383)(183)(28)
Nonoperating income (expense)011(22)
Investment income, nonoperating011 
Interest and debt expense1838(39)(31)
Loss from continuing operations before equity method investments, income taxes:(32)(345)(221)(82)
Other undisclosed income (loss) from continuing operations before income taxes(32)(37)(1)31
Loss from continuing operations before income taxes:(65)(381)(222)(51)
Income tax expense (benefit)024(2)
Net loss available to common stockholders, diluted:(65)(379)(218)(53)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(65)(379)(218)(53)
Comprehensive loss:(65)(379)(218)(53)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)0(1)
Comprehensive loss, net of tax, attributable to parent:(65)(379)(217)(54)

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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