Patterson-UTI Energy, Inc. (PTEN) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 245433511343
Cash and cash equivalents 245433511343
Receivables 563582150253745
Inventory, net of allowances, customer advances and progress billings 6669201532
Inventory 6669201532
Deferred tax assets  366537
Other current assets 7753414052
Total current assets: 950747283487909
Noncurrent Assets
Property, plant and equipment 4,0034,2553,4093,9214,131
Oil and gas property, successful effort method     196
Intangible assets, net (including goodwill), including: 4786878993221
Goodwill 4116118686211
Intangible assets, net (excluding goodwill) 6776   
Other undisclosed intangible assets, net (including goodwill)   3610
Deposits noncurrent assets 12161622112
Other noncurrent assets 275071121
Deferred tax assets, net    (936)
Other undisclosed noncurrent assets  4  739
Total noncurrent assets: 4,5205,0123,5214,0474,485
TOTAL ASSETS: 5,4705,7593,8054,5335,394
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 525546265244652
Accounts payable 28932012683382
Accrued liabilities 236227139162173
Employee-related liabilities     77
Taxes payable     12
Interest and dividends payable     7
Debt    6413
Other undisclosed current liabilities 1   (96)
Total current liabilities: 526546265308568
Noncurrent Liabilities
Long-term debt and lease obligation 1,119599598791973
Long-term debt, excluding current maturities 1,119599598791973
Liabilities, other than long-term debt 3193636938731,014
Deferred tax liabilities, net3063516838641,003
Other liabilities 131210911
Other undisclosed noncurrent liabilities  268  (67)
Total noncurrent liabilities: 1,4381,2301,2911,6641,920
Total liabilities: 1,9641,7761,5561,9722,488
Stockholders' equity
Stockholders' equity attributable to parent 3,5053,9822,2492,5612,906
Common stock 33222
Treasury stock, value (1,080)(919)(911)(907)(899)
Additional paid in capital 2,8272,7861,0431,012985
Accumulated other comprehensive income (loss) 27(1)(4)6
Retained earnings 1,7542,1062,1162,4592,812
Total stockholders' equity: 3,5053,9822,2492,5612,906
TOTAL LIABILITIES AND EQUITY: 5,4705,7593,8054,5335,394

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 3,3272,3579161,8913,182
Revenue, net2,3579161,8913,182
Cost of revenue (3,301)(2,417)(1,291)(1,975)(2,810)
Gross profit: 26(61)(375)(83)373
Operating expenses (348)(232)(81)(324)(89)
Other operating income, net 183214  
Other undisclosed operating loss (18)(32)(14)  
Operating income (loss): (322)(293)(456)(407)283
Nonoperating expense (45)(35)(40)(35)(29)
Interest and debt expense (52)(37)(40)(36)(30)
Other undisclosed income from continuing operations before equity method investments, income taxes     30
Income (loss) from continuing operations before equity method investments, income taxes: (419)(365)(537)(479)254
Other undisclosed income from continuing operations before income taxes 52374036 
Income (loss) from continuing operations before income taxes: (367)(328)(496)(442)254
Income tax expense (benefit) 46334178148(92)
Net income (loss) attributable to parent: (321)6(319)(294)163
Other undisclosed net income (loss) available to common stockholders, basic  (0) 3(2)
Net income (loss) available to common stockholders, diluted: (321)6(319)(291)161

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (321)6(319)(294)163
Comprehensive income (loss): (321)6(319)(294)163
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (4)83(11)(8)
Comprehensive income (loss), net of tax, attributable to parent: (326)14(316)(305)155

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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