Parker Drilling Company (PKD) financial statements (2020 and earlier)

Company profile

Business Address 5 GREENWAY PLAZA
HOUSTON, TX 77046
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)

12/31/2019
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 investments10549142120134108149
Cash and cash equivalents10549142120134108149
Restricted cash and investments 10     
Receivables166136123113175271258
Inventory, net of allowances, customer advances and progress billings23363132354842
Inventory23363132354842
Deferred costs54311614
Prepaid expense and other current assets23
Other current assets182814131619 
Other undisclosed current assets335651834
Total current assets:321267318286367470519
Noncurrent Assets
Property, plant and equipment300534626693806896871
Intangible assets, net (including goodwill)145141720 
Goodwill  777  
Intangible assets, net (excluding goodwill)14571013  
Regulated entity, other noncurrent assets    131314
Deferred costs   9   
Deferred income tax assets4
Other noncurrent assets40733    
Prepaid expense and other noncurrent assets144
Other undisclosed noncurrent assets515 98172142(14)
Total noncurrent assets:3625626728171,0101,0511,015
TOTAL ASSETS:6838289901,1041,3771,5211,535
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:118789999130154175
Accounts payable55404243587990
Accrued liabilities58355856727685
Employee-related liabilities     35 
Taxes payable53446147
Other undisclosed accounts payable and accrued liabilities  (4)(4)(6)(49)(7)
Debt     1025
Contract with customer, liability4
Other undisclosed current liabilities 6446147
Total current liabilities:11888104103136179207
Noncurrent Liabilities
Long-term debt and lease obligation178 578576585605629
Long-term debt, excluding current maturities178 578576585605629
Liabilities, other than long-term debt33121285877166
Deferred tax liabilities, net  69695239
Deferred income tax liabilities7
Other liabilities26121216191927
Other undisclosed noncurrent liabilities 10    
Total noncurrent liabilities:21112590661672676694
Total liabilities:329101694764808854902
Stockholders' equity
Stockholders' equity attributable to parent, including:354127296339569662632
Preferred stock 11    
Common stock01 21212020
Additional paid in capital347766745675669667657
Accumulated other comprehensive income (loss)(0)(7)(4)(7)(2)(0)2
Retained earnings (accumulated deficit)7(634)(469)(350)(119)(24)(48)
Other undisclosed stockholders' equity attributable to parent  23    
Stockholders' equity attributable to noncontrolling interest     41
Other undisclosed stockholders' equity 601     
Total stockholders' equity:354728296339569666633
TOTAL LIABILITIES AND EQUITY:6838289901,1041,3771,5211,535

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
Revenues 481443427712969874
Cost of revenue (461)(449)(466)(648)(111)(70)
Cost of goods and services sold  (58)(69)(88)(83)(70)
Other undisclosed gross profit (25)(29)(36)(35)(703)(636)
Gross profit: (5)(35)(75)30154168
Operating expenses4(25)(29)(36)(35)(703)(636)
Other undisclosed operating income (loss) (84)(2) (12)669569
Operating income (loss):4(113)(66)(111)(17)120102
Nonoperating expense (44)(44)(45)(55)(72)(49)
Other nonoperating income (expense) (2)00(10)31
Interest and debt expense (10)(44)(1)(8)(74)(53)
Other undisclosed income from continuing operations before equity method investments, income taxes 1044187453
Income (loss) from continuing operations before income taxes:4(158)(110)(157)(72)4953
Income tax expense (8)(9)(74)(22)(24)(26)
Net income (loss):4(166)(119)(231)(94)2427
Net loss attributable to noncontrolling interest    (1)(1)(0)
Net income (loss) attributable to parent:4(166)(119)(231)(95)2327
Preferred stock dividends and other adjustments (3)(3)    
Net income (loss) available to common stockholders, diluted:4(168)(122)(231)(95)2327

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 income (loss):4(166)(119)(231)(94)2427
Other comprehensive income (loss)  3(5)(2)(3)2
Other undisclosed comprehensive income (loss)    5(1)0
Comprehensive income (loss):4(166)(115)(236)(91)2129
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    5(1)(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (3)  (9)1 
Comprehensive income (loss), net of tax, attributable to parent:4(169)(115)(236)(96)2229

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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