Oil States International, Inc. (OIS) Financial Statements (2024 and earlier)

Company Profile

Business Address THREE ALLEN CENTER
HOUSTON, TX 77002
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)

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 investments42,01852,85272,0118,49319,31653,459
Cash and cash equivalents42,01852,85272,0118,49319,31653,459
Receivables218,769186,080163,135233,487293,136222,066
Inventory, net of allowances, customer advances and progress billings182,658168,573170,376221,342209,393168,285
Inventory182,658168,573170,376221,342209,393168,285
Prepaid expense     6,0027,969
Other undisclosed current assets19,31719,22218,07120,1076,1844,158
Total current assets:462,762426,727423,593483,429534,031455,937
Noncurrent Assets
Operating lease, right-of-use asset23,02825,38833,14043,616
Property, plant and equipment303,835338,583383,562459,724540,427498,890
Intangible assets, net (including goodwill)249,080262,161282,238712,397902,319318,274
Goodwill79,28276,41276,489482,306647,018268,009
Intangible assets, net (excluding goodwill)169,798185,749205,749230,091255,30150,265
Other noncurrent assets25,68732,88929,72728,70127,04428,410
Total noncurrent assets:601,630659,021728,6671,244,4381,469,790845,574
TOTAL ASSETS:1,064,3921,085,7481,152,2601,727,8672,003,8211,301,511
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities122,308109,30893,350131,382141,31396,625
Taxes payable2,5642,4134,1743,0721,647
Accounts payable73,25163,34346,43378,36877,51149,089
Accrued liabilities49,05743,40144,50448,84060,73045,889
Deferred revenue44,79043,23643,38417,761
Debt17,83118,26217,77833,92825,561411
Deferred revenue and credits18,234
Other undisclosed current liabilities8,7476,4817,620 14,160 
Total current liabilities:193,676177,287162,132183,071181,034115,270
Noncurrent Liabilities
Long-term debt and lease obligation, including:135,066160,488194,925258,329306,1774,870
Long-term debt, excluding current maturities   165,759222,552306,177 
Other undisclosed long-term debt and lease obligation135,066137,036   4,870
Liabilities, other than long-term debt46,09228,69537,57262,50043,61145,140
Deferred compensation liability, classified     20,60021,200
Deferred income tax liabilities6,6523,63714,26338,079
Other liabilities18,78225,05823,30924,42123,01123,940
Operating lease, liability20,65823,45229,16635,777
Other undisclosed noncurrent liabilities  23,452  33,2313,518
Total noncurrent liabilities:181,158212,635232,497320,829383,01953,528
Total liabilities:374,834389,922394,629503,900564,053168,798
Equity
Equity, attributable to parent689,558695,826757,6311,223,9671,439,7681,132,713
Common stock766739733726718627
Treasury stock, value(626,586)(625,584)(623,989)(621,244)(616,829)(612,651)
Additional paid in capital1,122,2921,105,1351,122,9451,114,5211,097,758754,607
Accumulated other comprehensive loss(78,941)(66,031)(71,385)(67,746)(71,397)(58,493)
Retained earnings272,027281,567329,327797,7101,029,5181,048,623
Total equity:689,558695,826757,6311,223,9671,439,7681,132,713
TOTAL LIABILITIES AND EQUITY:1,064,3921,085,7481,152,2601,727,8672,003,8211,301,511

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
Revenues737,706573,161638,0751,017,3541,088,133670,627
Revenue, net670,627
Cost of revenue(578,556)(470,396)(561,805)(802,589) (219,466)
Cost of goods and services sold(578,556)(470,396)(561,805)(802,589) (219,466)
Gross profit:159,150102,76576,270214,7651,088,133451,161
Operating expenses(163,372)(168,599)(611,148)(1,245,534)(1,094,009)(744,499)
Other operating income, net7,1271,042538   
Other undisclosed operating income   802,589 219,466
Operating income (loss):2,905(64,792)(534,340)(228,180)(5,876)(73,872)
Nonoperating income3,6061,78614,2705,3513,4581,134
Investment income, nonoperating 291158390262319359
Other nonoperating income3,3151,62813,8805,0893,139775
Interest and debt expense(10,571)(10,328)(14,259)(17,898)(19,314)(4,674)
Income (loss) from continuing operations before equity method investments, income taxes:(4,060)(73,334)(534,329)(240,727)(21,732)(77,412)
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(4,060)(73,334)(534,329)(240,727)(21,732)(77,412)
Income tax expense (benefit)(5,480)9,34165,9468,9192,627(7,438)
Income (loss) from continuing operations:(9,540)(63,993)(468,383)(231,808)(19,105)(84,850)
Loss before gain (loss) on sale of properties:(63,993)(468,383)(231,808)(19,105)(84,850)
Net income (loss) attributable to parent:(9,540)(63,993)(468,383)(231,808)(19,105)(84,850)
Other undisclosed net loss available to common stockholders, basic      
Net income (loss) available to common stockholders, basic:(9,540)(63,993)(468,383)(231,808)(19,105)(84,850)
Dilutive securities, effect on basic earnings per share      
Net income (loss) available to common stockholders, diluted:(9,540)(63,993)(468,383)(231,808)(19,105)(84,850)

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):(9,540)(63,993)(468,383)(231,808)(19,105)(84,850)
Other comprehensive income (loss)   (3,639)3,651(12,904) 
Other undisclosed comprehensive income      11,807
Comprehensive income (loss):(9,540)(63,993)(472,022)(228,157)(32,009)(73,043)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(12,910)5,354    
Comprehensive income (loss), net of tax, attributable to parent:(22,450)(58,639)(472,022)(228,157)(32,009)(73,043)

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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