Nine Energy Service, Inc. (NINE) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments699364
Cash and cash equivalents699364
Receivables4398155
Inventory, net of allowances, customer advances and progress billings386191
Inventory386191
Other undisclosed current assets161723
Total current assets:166269333
Noncurrent Assets
Finance lease, right-of-use asset2 
Operating lease, right-of-use asset36 
Property, plant and equipment102129212
Intangible assets, net (including goodwill)133445590
Goodwill 296308
Intangible assets, net (excluding goodwill)133149282
Other noncurrent assets386
Total noncurrent assets:276582808
TOTAL ASSETS:4438511,141
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3560108
Accounts payable183546
Accrued liabilities172561
Taxes payable  0
Debt2 1
Other undisclosed current liabilities61 
Total current liabilities:4361108
Noncurrent Liabilities
Long-term debt and lease obligation376394425
Long-term debt, excluding current maturities343392425
Finance lease, liability1 
Operating lease, liability322
Liabilities, other than long-term debt3411
Deferred tax liabilities, net6
Other liabilities345
Other undisclosed noncurrent liabilities 22
Total noncurrent liabilities:379400438
Total liabilities:422461546
Stockholders' equity
Stockholders' equity attributable to parent20390595
Common stock000
Additional paid in capital768759746
Accumulated other comprehensive loss(5)(4)(5)
Accumulated deficit(744)(365)(147)
Total stockholders' equity:20390595
TOTAL LIABILITIES AND EQUITY:4438511,141

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

12/31/2020
12/31/2019
12/31/2018
Revenues311833827
Cost of revenue(302)(670)(639)
Gross profit:9163188
Operating expenses(359)(316)(162)
Other undisclosed operating loss(33)(29)(55)
Operating loss:(383)(183)(28)
Nonoperating income (expense)11(22)
Investment income, nonoperating11 
Interest and debt expense38(39)(31)
Loss from continuing operations before equity method investments, income taxes:(345)(221)(82)
Other undisclosed income (loss) from continuing operations before income taxes(37)(1)31
Loss from continuing operations before income taxes:(381)(222)(51)
Income tax expense (benefit)24(2)
Net loss available to common stockholders, diluted:(379)(218)(53)

Comprehensive Income ($ in millions)

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