Pioneer Energy Services Corp. (PES) financial statements (2021 and earlier)

Company profile

Business Address 1250 N.E. LOOP 410
SAN ANTONIO, TX 78209
State of Incorp. DE
Fiscal Year End December 31
SIC 1381 - Drilling Oil and Gas Wells (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
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31255474101435
Cash and cash equivalents31255474101435
Restricted cash and investments1112   
Receivables331241311137280190
Inventory, net of allowances, customer advances and progress billings1322191410914
Inventory1322191410914
Disposal group, including discontinued operation      10
Assets held-for-sale, not part of disposal group4347155
Costs in excess of billings   1
Other undisclosed current assets328767719
Total current assets:113183215216114115269
Noncurrent Assets
Operating lease, right-of-use asset47
Property, plant and equipment162471525550584703857
Intangible assets, net (including goodwill)9   0224
Intangible assets, net (excluding goodwill)9   0224
Estimated insurance recoveries      11
Deferred income tax assets13 
Other noncurrent assets1312221019
Other undisclosed noncurrent assets 12   0(8)
Total noncurrent assets:201491527551586715903
TOTAL ASSETS:3146747427677008301,172
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities361091341128583189
Accounts payable18333430191764
Accrued liabilities9586954454780
Employee-related liabilities7142521151440
Interest and dividends payable2567565
Deferred revenue11
Debt0     0
Deferred revenue and credits1163
Other undisclosed current liabilities22(19)(29)(28)(20)(19)(45)
Total current liabilities:5992105856670147
Noncurrent Liabilities
Long-term debt and lease obligation151473465462339395455
Long-term debt, excluding current maturities147468465462339395455
Operating lease, liability46
Liabilities, other than long-term debt30710132274
Deferred tax liabilities, net4381870
Deferred income tax liabilities1 
Other liabilities2037555
Other undisclosed noncurrent liabilities 4     
Total noncurrent liabilities:154478472472353417529
Total liabilities:213570576557419487677
Stockholders' equity
Stockholders' equity attributable to parent, including:102104165210281343495
Common stock 888866
Treasury stock, value (5)(5)(4)(4)(4)(3)
Additional paid in capital142553551546542476472
Retained earnings (accumulated deficit)(40)(452)(388)(339)(264)(136)19
Other undisclosed stockholders' equity attributable to parent0      
Total stockholders' equity:102104165210281343495
TOTAL LIABILITIES AND EQUITY:3146747427677008301,172

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 5765904462775411,055
Cost of revenue (431)(430)(331)(204)(358)(686)
Gross profit: 14416011673183369
Operating expenses (89)(75)(68)(72)(199)(179)
Other undisclosed operating loss (91)(94)(99)(114)(151)(166)
Operating income (loss): (36)(9)(51)(113)(167)24
Nonoperating expense (38)(38)(28)(26)(26)(73)
Interest and debt expense (40)(39)(1)(0)(2)(70)
Other undisclosed income from continuing operations before equity method investments, income taxes 403910270
Loss from continuing operations before income taxes: (73)(47)(79)(139)(193)(49)
Income tax expense (benefit) 9(2)4113811
Net loss available to common stockholders, diluted: (64)(49)(75)(128)(155)(38)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss: (64)(49)(75)(128)(155)(38)
Comprehensive loss, net of tax, attributable to parent: (64)(49)(75)(128)(155)(38)

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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