Patterson-UTI Energy, Inc. (PTEN) financial statements (2021 and earlier)

Company profile

Business Address 10713 WEST SAM HOUSTON PARKWAY NORTH
HOUSTON, TX 77064
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments225 2454335113
Cash and cash equivalents225 2454335113
Receivables165 563582150253
Inventory, net of allowances, customer advances and progress billings33 66692015
Inventory33 66692015
Deferred tax assets  3665
Other current assets55 77534140
Total current assets:478 950747283487
Noncurrent Assets
Operating lease, right-of-use asset17 
Property, plant and equipment2,761 4,0034,2553,4093,921
Intangible assets, net (including goodwill), including:30 4786878993
Goodwill  4116118686
Intangible assets, net (excluding goodwill)30 6776  
Other undisclosed intangible assets, net (including goodwill)    36
Deposits noncurrent assets2 12161622
Other noncurrent assets11 2750711
Other undisclosed noncurrent assets   4  
Total noncurrent assets:2,821 4,5205,0123,5214,047
TOTAL ASSETS:3,299 5,4705,7593,8054,533
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities267 525546265244
Accounts payable92 28932012683
Accrued liabilities175 236227139162
Debt     64
Other undisclosed current liabilities7 1   
Total current liabilities:274 526546265308
Noncurrent Liabilities
Long-term debt and lease obligation921 1,119599598791
Long-term debt, excluding current maturities901 1,119599598791
Operating lease, liability19 
Liabilities, other than long-term debt89 319363693873
Deferred tax liabilities, net306351683864
Deferred income tax liabilities78 
Other liabilities11 1312109
Other undisclosed noncurrent liabilities   268  
Total noncurrent liabilities:1,009 1,4381,2301,2911,664
Total liabilities:1,283 1,9641,7761,5561,972
Stockholders' equity
Stockholders' equity attributable to parent2,016 3,5053,9822,2492,561
Common stock3 3322
Treasury stock, value(1,366) (1,080)(919)(911)(907)
Additional paid in capital2,902 2,8272,7861,0431,012
Accumulated other comprehensive income (loss)5 27(1)(4)
Retained earnings472 1,7542,1062,1162,459
Total stockholders' equity:2,016 3,5053,9822,2492,561
TOTAL LIABILITIES AND EQUITY:3,299 5,4705,7593,8054,533

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,124 3,3272,3579161,891
Revenue, net2,3579161,891
Cost of revenue(1,518) (3,301)(2,417)(1,291)(1,975)
Gross profit:(394) 26(61)(375)(83)
Operating expenses(498) (348)(232)(81)(324)
Other operating income (expense), net(7) 183214 
Other undisclosed operating income (loss)7 (18)(32)(14) 
Operating loss:(892) (322)(293)(456)(407)
Nonoperating expense(39) (45)(35)(40)(35)
Interest and debt expense4 (52)(37)(40)(36)
Loss from continuing operations before equity method investments, income taxes:(927) (419)(365)(537)(479)
Other undisclosed income (loss) from continuing operations before income taxes(4) 52374036
Loss from continuing operations before income taxes:(931) (367)(328)(496)(442)
Income tax benefit127 46334178148
Net income (loss) attributable to parent:(804) (321)6(319)(294)
Other undisclosed net income (loss) available to common stockholders, basic   (0) 3
Net income (loss) available to common stockholders, diluted:(804) (321)6(319)(291)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(804) (321)6(319)(294)
Comprehensive income (loss):(804) (321)6(319)(294)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0) (4)83(11)
Comprehensive income (loss), net of tax, attributable to parent:(804) (326)14(316)(305)

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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