Pioneer Energy Services Corp. (PES) financial statements (2022 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 thousands)

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 investments 24,61953,56673,64010,19414,160
Cash and cash equivalents 24,61953,56673,64010,19414,160
Restricted cash and investments 9989982,008  
Receivables 123,526130,881113,00572,12379,816
Inventory, net of allowances, customer advances and progress billings 22,45318,89814,0579,6609,262
Inventory 22,45318,89814,0579,6609,262
Assets held-for-sale, not part of disposal group 3,4473,5826,62015,0934,619
Other undisclosed current assets 7,8697,1096,2296,9267,411
Total current assets: 182,912215,034215,559113,996115,268
Noncurrent Assets
Operating lease, right-of-use asset 7,264
Property, plant and equipment 471,170524,858549,623584,080702,585
Intangible assets, net (including goodwill)    4031,944
Intangible assets, net (excluding goodwill)    4031,944
Other noncurrent assets 1,0681,6581,6871,6239,961
Other undisclosed noncurrent assets 11,540   18
Total noncurrent assets: 491,042526,516551,310586,106714,508
TOTAL ASSETS: 673,954741,550766,869700,102829,776
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 109,475133,792111,65684,76183,187
Accounts payable 32,55134,13429,53819,20816,951
Accrued liabilities 57,69168,91254,47145,34546,869
Employee-related liabilities 13,78124,59821,02314,81313,859
Interest and dividends payable 5,4526,1486,6245,3955,508
Deferred revenue 1,339
Deferred revenue and credits9051,4496,222
Other undisclosed current liabilities (19,233)(29,024)(27,647)(20,208)(19,367)
Total current liabilities: 91,581104,76884,91466,00270,042
Noncurrent Liabilities
Long-term debt and lease obligation 473,399464,552461,665339,473395,000
Long-term debt, excluding current maturities 467,699464,552461,665339,473395,000
Operating lease, liability 5,700
Liabilities, other than long-term debt 4817,17210,19413,22922,091
Deferred tax liabilities, net3,6883,1518,18017,520
Other liabilities 4813,4847,0435,0494,571
Other undisclosed noncurrent liabilities 4,417    
Total noncurrent liabilities: 478,297471,724471,859352,702417,091
Total liabilities: 569,878576,492556,773418,704487,133
Stockholders' equity
Stockholders' equity attributable to parent 104,076165,058210,096281,398342,643
Common stock 8,0087,9007,8357,7666,496
Treasury stock, value (5,090)(4,965)(4,416)(3,883)(3,759)
Additional paid in capital 553,210550,548546,158541,823475,823
Accumulated deficit (452,052)(388,425)(339,481)(264,308)(135,917)
Total stockholders' equity: 104,076165,058210,096281,398342,643
TOTAL LIABILITIES AND EQUITY: 673,954741,550766,869700,102829,776

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 575,792590,097446,455277,076540,778
Cost of revenue (431,353)(429,913)(330,880)(203,949)(358,016)
Gross profit: 144,439160,184115,57573,127182,762
Operating expenses (89,339)(75,418)(67,975)(72,107)(198,711)
Other undisclosed operating loss (90,805)(93,825)(98,830)(114,468)(150,751)
Operating loss: (35,705)(9,059)(51,230)(113,448)(166,700)
Nonoperating expense (37,528)(38,044)(28,091)(25,675)(26,019)
Interest and debt expense (39,835)(38,782)(1,476)(299)(2,186)
Other undisclosed income from continuing operations before equity method investments, income taxes 39,83538,7821,4762992,186
Loss from continuing operations before income taxes: (73,233)(47,103)(79,321)(139,123)(192,719)
Income tax expense (benefit) 9,329(1,908)4,20310,73237,579
Net loss available to common stockholders, diluted: (63,904)(49,011)(75,118)(128,391)(155,140)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (63,904)(49,011)(75,118)(128,391)(155,140)
Comprehensive loss, net of tax, attributable to parent: (63,904)(49,011)(75,118)(128,391)(155,140)

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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