Ranger Energy Services, Inc. (RNGR) financial statements (2022 and earlier)

Company profile

Business Address 10350 RICHMOND AVENUE
HOUSTON, TX 77042
State of Incorp. TX
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6002,8006,9002,6005,300
Cash and cash equivalents6002,8006,9002,6005,300
Receivables80,80025,90041,50045,40038,100
Inventory, net of allowances, customer advances and progress billings2,5002,3003,8004,900 
Inventory2,5002,3003,8004,900 
Prepaid expense8,3003,6005,300 2,800
Assets held-for-sale, not part of disposal group    600
Other current assets    2,900
Other undisclosed current assets13,0001,1001,2008,200 
Total current assets:105,20035,70058,70061,10049,700
Noncurrent Assets
Operating lease, right-of-use asset6,8005,8006,500
Property, plant and equipment270,600189,4006,300229,800189,200
Intangible assets, net (including goodwill)7,8008,5009,30010,00019,800
Goodwill    9,000
Intangible assets, net (excluding goodwill)7,8008,5009,30010,00010,800
Other noncurrent assets2,7001,2001001,6001,000
Other undisclosed noncurrent assets  212,600  
Total noncurrent assets:287,900204,900234,800241,400210,000
TOTAL ASSETS:393,100240,600293,500302,500259,700
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities51,00019,80032,20035,70043,600
Accounts payable20,70010,50013,80017,20032,000
Accrued liabilities30,3009,30018,40018,50011,600
Debt44,10012,50020,90020,2009,300
Other liabilities5,4007002,0003,000 
Other undisclosed current liabilities2,200    
Total current liabilities:102,70033,00055,10058,90052,900
Noncurrent Liabilities
Long-term debt and lease obligation27,10021,00034,70051,3007,300
Long-term debt, excluding current maturities18,40014,50026,60044,7005,800
Finance lease, liability2,9001,3003,600
Capital lease obligations6,6001,500
Operating lease, liability5,8005,2004,500
Liabilities, other than long-term debt5,0001,8007003003,800
Other liabilities5,0001,8007003003,800
Other undisclosed noncurrent liabilities9,600    
Total noncurrent liabilities:41,70022,80035,40051,60011,100
Total liabilities:144,40055,80090,500110,50064,000
Stockholders' equity
Stockholders' equity attributable to parent, including:248,700101,900113,200101,900103,700
Preferred stock100    
Treasury stock, value(3,800)(3,800)(700)  
Additional paid in capital260,200123,900121,800111,600110,100
Accumulated deficit(8,000)(18,400)(8,100)(9,900)(6,600)
Other undisclosed stockholders' equity attributable to parent200200200200200
Stockholders' equity attributable to noncontrolling interest 82,90089,80090,10092,000
Total stockholders' equity:248,700184,800203,000192,000195,700
TOTAL LIABILITIES AND EQUITY:393,100240,600293,500302,500259,700

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues293,100187,800336,900303,100154,000
Cost of revenue(295,200)(176,500)(290,600)(266,200)(143,300)
Cost of goods and services sold(263,300)(147,900)(263,000)  
Gross profit:(2,100)11,30046,30036,90010,700
Operating expenses(38,400)(26,400)(33,900)(39,000)(31,300)
Operating income (loss):(40,500)(15,100)12,400(2,100)(20,600)
Nonoperating income (expense)32,200(3,400)(5,800)(3,700)(6,300)
Investment income, nonoperating37,200    
Interest and debt expense(200)2,100(5,800)(3,700)(6,300)
Income (loss) from continuing operations before equity method investments, income taxes:(8,500)(16,400)800(9,500)(33,200)
Other undisclosed income (loss) from continuing operations before income taxes200(2,100)5,8003,7006,300
Income (loss) from continuing operations before income taxes:(8,300)(18,500)6,600(5,800)(26,900)
Income tax expense (benefit)6,200 (2,200) (400)
Net income (loss):(2,100)(18,500)4,400(5,800)(27,300)
Net income (loss) attributable to noncontrolling interest10,7008,200(2,600)2,5005,500
Other undisclosed net income attributable to parent    15,200
Net income (loss) available to common stockholders, diluted:8,600(10,300)1,800(3,300)(6,600)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(2,100)(18,500)4,400(5,800)(27,300)
Comprehensive income (loss):(2,100)(18,500)4,400(5,800)(27,300)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest10,7008,200(2,600)2,5005,500
Comprehensive income (loss), net of tax, attributable to parent:8,600(10,300)1,800(3,300)(21,800)

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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