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. TX
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25547410143527
Cash and cash equivalents25547410143527
Restricted cash and investments112    
Receivables1241311137280190176
Inventory, net of allowances, customer advances and progress billings2219141091413
Inventory2219141091413
Disposal group, including discontinued operation     10 
Assets held-for-sale, not part of disposal group347155
Costs in excess of billings   11
Other undisclosed current assets876771922
Total current assets:183215216114115269239
Noncurrent Assets
Operating lease, right-of-use asset7
Property, plant and equipment471525550584703857938
Intangible assets, net (including goodwill)   022432
Intangible assets, net (excluding goodwill)   022432
Estimated insurance recoveries     11
Other noncurrent assets1222101919
Costs in excess of billings    1
Other undisclosed noncurrent assets12   0(8)1
Total noncurrent assets:491527551586715903990
TOTAL ASSETS:6747427677008301,1721,230
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1091341128583189147
Accounts payable33343019176444
Accrued liabilities58695445478074
Employee-related liabilities14252115144030
Interest and dividends payable567565 
Deferred revenue1
Debt     03
Deferred revenue and credits11631
Other undisclosed current liabilities(19)(29)(28)(20)(19)(45)(30)
Total current liabilities:92105856670147121
Noncurrent Liabilities
Long-term debt and lease obligation473465462339395455500
Long-term debt, excluding current maturities468465462339395455500
Operating lease, liability6
Liabilities, other than long-term debt071013227491
Deferred revenue and credits    0
Deferred tax liabilities, net438187085
Other liabilities0375556
Other undisclosed noncurrent liabilities4     (0)
Total noncurrent liabilities:478472472353417529590
Total liabilities:570576557419487677711
Stockholders' equity
Stockholders' equity attributable to parent104165210281343495518
Common stock8888666
Treasury stock, value(5)(5)(4)(4)(4)(3)(2)
Additional paid in capital553551546542476472457
Retained earnings (accumulated deficit)(452)(388)(339)(264)(136)1957
Total stockholders' equity:104165210281343495518
TOTAL LIABILITIES AND EQUITY:6747427677008301,1721,230

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues5765904462775411,055960
Cost of revenue(431)(430)(331)(204)(358)(686)(628)
Gross profit:14416011673183369332
Operating expenses(89)(75)(68)(72)(199)(179)(159)
Other undisclosed operating loss(91)(94)(99)(114)(151)(166)(179)
Operating income (loss):(36)(9)(51)(113)(167)24(6)
Nonoperating expense(38)(38)(28)(26)(26)(73)(50)
Interest and debt expense(40)(39)(1)(0)(2)(70)(48)
Other undisclosed income from continuing operations before equity method investments, income taxes40391027048
Loss from continuing operations before income taxes:(73)(47)(79)(139)(193)(49)(56)
Income tax expense (benefit)9(2)411381120
Net loss available to common stockholders, diluted:(64)(49)(75)(128)(155)(38)(36)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(64)(49)(75)(128)(155)(38)(36)
Comprehensive loss, net of tax, attributable to parent:(64)(49)(75)(128)(155)(38)(36)

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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