Superior Drilling Products, Inc. (SDPI) financial statements (2021 and earlier)

Company profile

Business Address 1583 SOUTH 1700 EAST
VERNAL, UT 84078
State of Incorp. UT
Fiscal Year End December 31
SIC 3533 - Oil and Gas Field Machinery and Equipment (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments142216
Cash and cash equivalents142216
Receivables4231213
Inventory, net of allowances, customer advances and progress billings111111
Inventory111111
Prepaid expense000000
Assets held-for-sale, not part of disposal group0  2 
Other current assets0  0 0
Other undisclosed current assets     (8)
Total current assets:7867512
Noncurrent Assets
Property, plant and equipment88991516
Intangible assets, net (including goodwill)24691121
Goodwill     8
Intangible assets, net (excluding goodwill)24691113
Other noncurrent assets000000
Deferred tax assets, net   60
Other undisclosed noncurrent assets  7828
Total noncurrent assets:101222263446
TOTAL ASSETS:172029333958
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities212213
Accounts payable111111
Accrued liabilities111012
Taxes payable    00
Deferred revenue0
Debt4563311
Due to related parties   010
Total current liabilities:6685514
Noncurrent Liabilities
Long-term debt and lease obligation467131611
Long-term debt, excluding current maturities467131611
Capital lease obligations   01
Liabilities, other than long-term debt   112
Deferred tax liabilities, net    1
Due to related parties    01
Other liabilities   11 
Total noncurrent liabilities:467141813
Total liabilities:101214192327
Stockholders' equity
Stockholders' equity attributable to parent7714141630
Common stock000000
Additional paid in capital403939383131
Accumulated deficit(33)(32)(25)(24)(15)(1)
Total stockholders' equity:7714141630
TOTAL LIABILITIES AND EQUITY:172029333958

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues19181671320
Revenue, net1671320
Cost of revenue
(Cost of Goods and Services Sold)
(8)(7)(6)(4)(7)(7)
Gross profit:1111103613
Operating expenses(20)(18)(15)(15)(26)(18)
Other undisclosed operating income876477
Operating income (loss):(1)00(8)(14)2
Nonoperating expense(0)(0)(1)(1)(1)(2)
Investment income, nonoperating0 0000
Other nonoperating income  0000
Interest and debt expense(1)(1)(1)(2)(2)(2)
Loss from continuing operations before equity method investments, income taxes:(2)(1)(1)(11)(17)(2)
Other undisclosed income from continuing operations before income taxes111222
Loss from continuing operations before income taxes:(1)(0)(0)(9)(15)(0)
Income tax expense (benefit)(0)(0) 00(0)
Net loss available to common stockholders, diluted:(1)(0)(0)(9)(14)(1)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(1)(0)(0)(9)(14)(1)
Comprehensive loss, net of tax, attributable to parent:(1)(0)(0)(9)(14)(1)

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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