RPC, Inc. (RES) financial statements (2021 and earlier)

Company profile

Business Address 2801 BUFORD HIGHWAY NE, SUITE 300
ATLANTA, GA 30329
State of Incorp.
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 millions)

12/31/2020
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 investments8450116911326510
Cash and cash equivalents8450116911326510
Receivables245267359418226284792
Inventory, net of allowances, customer advances and progress billings83101130115108128156
Inventory83101130115108128156
Prepaid expense910109799
Assets held-for-sale, not part of disposal group45    
Other current assets3337664
Other undisclosed current assets      (119)
Total current assets:428437619640479492852
Noncurrent Assets
Operating lease, right-of-use asset2734
Property, plant and equipment264517518444498688849
Intangible assets, net (including goodwill)32323232323232
Goodwill32323232323232
Other noncurrent assets38343131262426
Total noncurrent assets:362616581507556745908
TOTAL ASSETS:7911,0531,2001,1471,0351,2371,759
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7091143145101107239
Accounts payable41531031037176175
Accrued liabilities714661156
Employee-related liabilities18202624121750
Taxes payable448128108
Debt 11     
Other undisclosed current liabilities9      
Total current liabilities:80101143145101107239
Noncurrent Liabilities
Long-term debt and lease obligation2128    225
Long-term debt, excluding current maturities      225
Operating lease, liability2128
Liabilities, other than long-term debt589310690127177217
Accounts payable and accrued liabilities12141210101110
Deferred tax liabilities, net603981115157
Deferred income tax liabilities1337
Liability, pension and other postretirement and postemployment benefits33393036333334
Other liabilities024531716
Total noncurrent liabilities:7912110690127177442
Total liabilities:159223249236229285681
Stockholders' equity
Stockholders' equity attributable to parent6328309509128079521,078
Common stock21212122222222
Accumulated other comprehensive loss(18)(23)(19)(17)(18)(18)(18)
Retained earnings6288329489078039491,075
Total stockholders' equity:6328309509128079521,078
TOTAL LIABILITIES AND EQUITY:7911,0531,2001,1471,0351,2371,759

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5981,2221,7211,5957291,2642,337
Revenue, net1,5957291,2642,337
Cost of revenue
(Cost of Goods and Services Sold)
(481)(920)(1,183)(1,051)(608)(986)(1,493)
Gross profit:118303538544121278844
Operating expenses(421)(355)(328)(318)(360)(434)(447)
Other undisclosed operating income (loss)(6)(62)    2
Operating income (loss):(310)(114)210226(239)(156)400
Nonoperating income12127051
Investment income, nonoperating0221000
Other nonoperating income (expense)0(0)96(0)51
Interest and debt expense(0)(0)(0)(0)(1)(2)(1)
Income (loss) from continuing operations before income taxes:(309)(113)221233(239)(153)399
Income tax expense (benefit)9726(46)(70)9853(154)
Net income (loss) attributable to parent:(212)(87)175163(141)(100)245
Other undisclosed net loss available to common stockholders, basic (0)(2)(2)(0)  
Net income (loss) available to common stockholders, diluted:(212)(87)174160(141)(100)245

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(212)(87)175163(141)(100)245
Other comprehensive income (loss)6(4)(2)1(0)(0)(8)
Comprehensive income (loss):(207)(92)173164(141)(100)237
Other undisclosed comprehensive income, net of tax, attributable to parent  0    
Comprehensive income (loss), net of tax, attributable to parent:(207)(92)173164(141)(100)237

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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