RPC, Inc. (RES) financial statements (2020 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)

12/31/2019
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 investments501169113265109
Cash and cash equivalents501169113265109
Receivables267359418226284792518
Inventory, net of allowances, customer advances and progress billings101130115108128156127
Inventory101130115108128156127
Prepaid expense101097999
Assets held-for-sale, not part of disposal group5    
Income taxes receivable6
Other current assets3376643
Other undisclosed current assets     (119)(67)
Total current assets:437619640479492852605
Noncurrent Assets
Operating lease, right-of-use asset34
Property, plant and equipment517518444498688849726
Intangible assets, net (including goodwill)32323232323232
Goodwill32323232323232
Other noncurrent assets34313126242621
Total noncurrent assets:616581507556745908779
TOTAL ASSETS:1,0531,2001,1471,0351,2371,7591,384
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities91143145101107239161
Accounts payable531031037176175119
Accrued liabilities14661156 
Employee-related liabilities20262412175037
Taxes payable481281085
Debt11      
Other undisclosed current liabilities      7
Total current liabilities:101143145101107239168
Noncurrent Liabilities
Long-term debt and lease obligation28    22553
Long-term debt, excluding current maturities     22553
Operating lease, liability28
Liabilities, other than long-term debt9310690127177217184
Pension and other postretirement defined benefit plans, liabilities22
Accounts payable and accrued liabilities141210101110 
Deferred tax liabilities, net603981115157153
Deferred income tax liabilities37
Liability, pension and other postretirement and postemployment benefits393036333334
Other liabilities245317168
Other undisclosed noncurrent liabilities      10
Total noncurrent liabilities:12110690127177442247
Total liabilities:223249236229285681415
Stockholders' equity
Stockholders' equity attributable to parent8309509128079521,078969
Common stock21212222222222
Accumulated other comprehensive loss(23)(19)(17)(18)(18)(18)(10)
Retained earnings8329489078039491,075957
Total stockholders' equity:8309509128079521,078969
TOTAL LIABILITIES AND EQUITY:1,0531,2001,1471,0351,2371,7591,384

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
Revenues1,2221,7211,5957291,2642,3371,861
Revenue, net1,5957291,2642,3371,861
Cost of revenue
(Cost of Goods and Services Sold)
(920)(1,183)(1,051)(608)(986)(1,493)(1,178)
Gross profit:303538544121278844683
Operating expenses(355)(328)(318)(360)(434)(447)(416)
Other undisclosed operating income (loss)(62)    29
Operating income (loss):(114)210226(239)(156)400275
Nonoperating income21270513
Investment income, nonoperating2210000
Other nonoperating income (expense)(0)96(0)512
Interest and debt expense(0)(0)(0)(1)(2)(1)(2)
Income (loss) from continuing operations before income taxes:(113)221233(239)(153)399276
Income tax expense (benefit)26(46)(70)9853(154)(109)
Net income (loss) attributable to parent:(87)175163(141)(100)245167
Other undisclosed net loss available to common stockholders, basic(0)(2)(2)(0)   
Net income (loss) available to common stockholders, diluted:(87)174160(141)(100)245167

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):(87)175163(141)(100)245167
Other comprehensive income (loss)(4)(2)1(0)(0)(8)4
Comprehensive income (loss):(92)173164(141)(100)237171
Other undisclosed comprehensive income, net of tax, attributable to parent 0     
Comprehensive income (loss), net of tax, attributable to parent:(92)173164(141)(100)237171

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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