RPC, Inc. (RES) financial statements (2022 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)

12/31/2021
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 investments8284501169113265
Cash and cash equivalents8284501169113265
Receivables317245267359418226284
Inventory, net of allowances, customer advances and progress billings7983101130115108128
Inventory7983101130115108128
Prepaid expense1091010979
Assets held-for-sale, not part of disposal group145    
Other current assets3333766
Total current assets:492428437619640479492
Noncurrent Assets
Finance lease, right-of-use asset20  
Operating lease, right-of-use asset252734
Property, plant and equipment254264517518444498688
Intangible assets, net (including goodwill)32323232323232
Goodwill32323232323232
Other noncurrent assets41383431312624
Total noncurrent assets:372362616581507556745
TOTAL ASSETS:8647911,0531,2001,1471,0351,237
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1047091143145101107
Accounts payable7441531031037176
Accrued liabilities1271466115
Employee-related liabilities15182026241217
Taxes payable344812810
Debt20 11    
Other undisclosed current liabilities69     
Total current liabilities:13180101143145101107
Noncurrent Liabilities
Long-term debt and lease obligation202128    
Operating lease, liability202128
Liabilities, other than long-term debt72589310690127177
Accounts payable and accrued liabilities12121412101011
Deferred tax liabilities, net603981115
Deferred income tax liabilities181337
Liability, pension and other postretirement and postemployment benefits35333930363333
Other liabilities70245317
Total noncurrent liabilities:927912110690127177
Total liabilities:223159223249236229285
Stockholders' equity
Stockholders' equity attributable to parent642632830950912807952
Common stock22212121222222
Accumulated other comprehensive loss(21)(18)(23)(19)(17)(18)(18)
Retained earnings641628832948907803949
Total stockholders' equity:642632830950912807952
TOTAL LIABILITIES AND EQUITY:8647911,0531,2001,1471,0351,237

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8655981,2221,7211,5957291,264
Revenue, net1,5957291,264
Cost of revenue
(Cost of Goods and Services Sold)
(663)(481)(920)(1,183)(1,051)(608)(986)
Gross profit:202118303538544121278
Operating expenses(196)(421)(355)(328)(318)(360)(434)
Other undisclosed operating income (loss)11(6)(62)    
Operating income (loss):16(310)(114)210226(239)(156)
Nonoperating income21212705
Investment income, nonoperating0022100
Other nonoperating income (expense)20(0)96(0)5
Interest and debt expense(2)(0)(0)(0)(0)(1)(2)
Income (loss) from continuing operations before income taxes:16(309)(113)221233(239)(153)
Income tax expense (benefit)(9)9726(46)(70)9853
Net income (loss) attributable to parent:7(212)(87)175163(141)(100)
Other undisclosed net loss available to common stockholders, basic(0) (0)(2)(2)(0) 
Net income (loss) available to common stockholders, diluted:7(212)(87)174160(141)(100)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):7(212)(87)175163(141)(100)
Other comprehensive income (loss)(3)6(4)(2)1(0)(0)
Comprehensive income (loss):4(207)(92)173164(141)(100)
Other undisclosed comprehensive income, net of tax, attributable to parent   0   
Comprehensive income (loss), net of tax, attributable to parent:4(207)(92)173164(141)(100)

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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