Newpark Resources, Inc. (NR) Financial Statements (2023 and Earlier)

Company Profile

Business Address 9320 LAKESIDE BOULEVARD
THE WOODLANDS, TX 77381
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3533 - Oil and Gas Field Machinery and Equipment (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 investments24,08824,19748,67256,11856,35287,878107,138
Cash and cash equivalents24,08824,19748,67256,11856,35287,878107,138
Restricted cash and investments    7,6006,53915,500
Receivables194,296145,445222,914260,694265,866214,307206,364
Inventory, net of allowances, customer advances and progress billings155,341147,857196,897196,896165,336143,612163,657
Inventory155,341147,857196,897196,896165,336143,612163,657
Other undisclosed current assets14,78710,68110,3269,6049,88310,60413,719
Total current assets:388,512328,180478,809523,312505,037462,940506,378
Noncurrent Assets
Finance lease, right-of-use asset1,7099421,135
Operating lease, right-of-use asset27,56930,96932,009
Property, plant and equipment   316,293315,320303,654307,632
Intangible assets, net (including goodwill)72,24267,87272,00968,99273,62426,06230,060
Goodwill47,28342,44442,33243,83243,62019,99519,009
Intangible assets, net (excluding goodwill)24,95925,42829,67725,16030,0046,06711,051
Deferred income tax assets2,3161,7063,600
Other noncurrent assets1,9912,7693,2432,7413,9823,7803,002
Deferred tax assets, net 4,7531,7471,821
Other undisclosed noncurrent assets258,547276,754309,2744,516   
Total noncurrent assets:364,374381,012421,270392,542397,679335,243342,515
TOTAL ASSETS:752,886709,192900,079915,854902,716798,183848,893
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities131,18286,186122,527139,404156,89696,433118,046
Accounts payable84,58549,25279,77790,60788,64865,28172,211
Accrued liabilities46,59736,93442,75048,79768,24831,15245,835
Debt19,21067,4726,3352,5221,51883,3687,382
Total current liabilities:150,392153,658128,862141,926158,414179,801125,428
Noncurrent Liabilities
Long-term debt and lease obligation, including:95,59344,758180,484159,225158,95772,900171,211
Long-term debt, excluding current maturities95,59319,690153,538159,225158,95772,900171,211
Finance lease, liability1,041  
Operating lease, liability22,35225,06826,946
Other undisclosed long-term debt and lease obligation(23,393)      
Liabilities, other than long-term debt22,16322,74442,0887,53637,86544,93931,995
Deferred tax liabilities, net 31,58038,74326,368
Deferred income tax liabilities11,81913,36834,247
Other liabilities10,3449,3767,8417,5366,2856,1965,627
Other undisclosed noncurrent liabilities22,352  37,486   
Total noncurrent liabilities:140,10867,502222,572204,247196,822117,839203,206
Total liabilities:290,500221,160351,434346,173355,236297,640328,634
Stockholders' equity
Stockholders' equity attributable to parent462,386488,032548,645569,681547,480500,543520,259
Common stock1,0931,0761,0671,0641,046998994
Treasury stock, value(136,501)(136,840)(139,220)(129,788)(127,571)(126,086)(127,993)
Additional paid in capital634,929627,031620,626617,276603,849558,966533,746
Accumulated other comprehensive loss(61,480)(54,172)(67,947)(67,673)(53,219)(63,208)(58,276)
Retained earnings24,34550,937134,119148,802123,375129,873171,788
Total stockholders' equity:462,386488,032548,645569,681547,480500,543520,259
TOTAL LIABILITIES AND EQUITY:752,886709,192900,079915,854902,716798,183848,893

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
Revenues614,781492,625820,119946,548747,763471,496676,865
Revenue, net747,763471,496676,865
Cost of revenue(529,552)(473,258)(684,738)(766,975)(607,899)(437,836)(599,013)
Cost of goods and services sold(529,552)(473,258)(684,738)(766,975)(539,243)(437,836)(599,013)
Gross profit:85,22919,367135,381179,573139,86433,66077,852
Operating expenses(94,445)(101,331)(124,816)(115,127)(108,838)(88,473)(101,032)
Other operating income (expense), net3913,330(170)(888)4104,3452,426
Other undisclosed operating loss     (6,745)(78,345)
Operating income (loss):(8,825)(78,634)10,39563,55831,436(57,213)(99,099)
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
397(3,378)816(1,416)(2,051)710(4,016)
Interest and debt expense(1,000)419(14,400)(14,900)(13,300)1,615(9,100)
Income (loss) from continuing operations before equity method investments, income taxes:(9,428)(81,593)(3,189)47,24216,085(54,888)(112,215)
Other undisclosed income (loss) from continuing operations before income taxes(8,805)(10,986)313627(9,866)(11)
Income (loss) from continuing operations before income taxes:(18,233)(92,579)(3,158)47,27816,112(64,754)(112,226)
Income tax expense (benefit)(7,293)11,883(9,788)(14,997)(4,893)24,04221,398
Net income (loss):(25,526)(80,696)(12,946)32,28111,219(40,712)(90,828)
Other undisclosed net loss attributable to parent    (17,367)  
Net income (loss) available to common stockholders, basic:(25,526)(80,696)(12,946)32,281(6,148)(40,712)(90,828)
Other undisclosed net income available to common stockholders, diluted    17,367  
Net income (loss) available to common stockholders, diluted:(25,526)(80,696)(12,946)32,28111,219(40,712)(90,828)

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):(25,526)(80,696)(12,946)32,28111,219(40,712)(90,828)
Other comprehensive loss  (373)(413)   
Comprehensive income (loss):(25,526)(80,696)(13,319)31,86811,219(40,712)(90,828)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(7,308)13,77599(14,041)(7,378)(4,932)(26,284)
Comprehensive income (loss), net of tax, attributable to parent:(32,834)(66,921)(13,220)17,8273,841(45,644)(117,112)

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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