Quintana Energy Services Inc. (QES) financial statements (2022 and earlier)

Company profile

Business Address 1415 LOUISIANA STREET
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
SIC 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,73013,804
Cash and cash equivalents14,73013,804
Receivables73,222115,386
Inventory, net of allowances, customer advances and progress billings21,60123,464
Inventory21,60123,464
Other undisclosed current assets8,4107,481
Total current assets:117,963160,135
Noncurrent Assets
Operating lease, right-of-use asset10,943
Property, plant and equipment110,375153,878
Intangible assets, net (including goodwill) 9,019
Intangible assets, net (excluding goodwill) 9,019
Other noncurrent assets1,2481,517
Total noncurrent assets:122,566164,414
TOTAL ASSETS:240,529324,549
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities63,99989,101
Accounts payable34,47851,568
Accrued liabilities29,52137,533
Debt7,224422
Total current liabilities:71,22389,523
Noncurrent Liabilities
Long-term debt and lease obligation36,93132,951
Long-term debt, excluding current maturities21,00029,500
Finance lease, liability7,961
Capital lease obligations3,451
Operating lease, liability7,970
Liabilities, other than long-term debt114125
Deferred income tax liabilities112
Other liabilities2125
Other undisclosed noncurrent liabilities 130
Total noncurrent liabilities:37,04533,206
Total liabilities:108,268122,729
Stockholders' equity
Stockholders' equity attributable to parent132,261201,820
Common stock356344
Treasury stock, value(4,872)(1,821)
Additional paid in capital357,996349,080
Accumulated deficit(221,219)(145,783)
Total stockholders' equity:132,261201,820
TOTAL LIABILITIES AND EQUITY:240,529324,549

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

12/31/2019
12/31/2018
Revenues484,283604,354
Cost of revenue
(Cost of Goods and Services Sold)
(411,724)(468,502)
Gross profit:72,559135,852
Operating expenses(96,696)(97,280)
Other undisclosed operating loss(47,605)(44,308)
Operating loss:(71,742)(5,736)
Nonoperating expense
(Other Nonoperating expense)
(37) 
Interest and debt expense(3,213)(11,825)
Loss from continuing operations before income taxes:(74,992)(17,561)
Income tax expense(444)(621)
Net loss attributable to parent:(75,436)(18,182)
Other undisclosed net income available to common stockholders, basic 1,546
Net loss available to common stockholders, diluted:(75,436)(16,636)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
Net loss:(75,436)(18,182)
Comprehensive loss, net of tax, attributable to parent:(75,436)(18,182)

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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