Solaris Oilfield Infrastructure, Inc. (SOI) financial statements (2021 and earlier)

Company profile

Business Address 9811 KATY FREEWAY
HOUSTON, TX 77024
State of Incorp. DE
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments60672563
Cash and cash equivalents60672563
Receivables18394013
Inventory, net of allowances, customer advances and progress billings17108
Inventory17108
Prepaid expense1110
Deposits current assets0110
Other current assets1210
Other undisclosed current assets0133
Total current assets:821188188
Noncurrent Assets
Inventory, Noncurrent3   
Operating lease, right-of-use asset58
Property, plant and equipment 307297151
Intangible assets, net (including goodwill)16212223
Goodwill13171717
Intangible assets, net (excluding goodwill)3455
Deferred income tax assets6051
Other noncurrent assets0110
Other undisclosed noncurrent assets246 5826
Total noncurrent assets:330387378200
TOTAL ASSETS:412505459287
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19182220
Accounts payable7495
Accrued liabilities12141315
Debt0100
Due to related parties00  
Contract with customer, liability13
Other liabilities001 
Other undisclosed current liabilities11  
Total current liabilities:20203521
Noncurrent Liabilities
Long-term debt and lease obligation88130
Long-term debt, excluding current maturities  13 
Finance lease, liability00
Capital lease obligations00
Operating lease, liability78
Liabilities, other than long-term debt, including:696710
Contract with customer, liability12
Due to related parties68675625
Other liabilities10  
Other undisclosed liabilities, other than long-term debt  (68)(25)
Other undisclosed noncurrent liabilities  6925
Total noncurrent liabilities:76758225
Total liabilities:969511846
Stockholders' equity
Stockholders' equity attributable to parent, including:201264198125
Treasury stock, value (3)(1)(0)
Additional paid in capital180192164122
Retained earnings2174364
Other undisclosed stockholders' equity attributable to parent0000
Stockholders' equity attributable to noncontrolling interest114146142116
Total stockholders' equity:315410341242
TOTAL LIABILITIES AND EQUITY:412505459287

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues10324219767
Revenue, net67
Cost of revenue(72)(88)(71)(25)
Gross profit:3115312642
Operating expenses(91)(46)(27)(17)
Other operating expense, net(6)(1)  
Other undisclosed operating income61  
Operating income (loss):(60)1089925
Interest and debt expense(0)(1)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(60)1079925
Other undisclosed income from continuing operations before income taxes0  23
Income (loss) from continuing operations before income taxes:(60)1079948
Income tax expense (benefit)9(17)(13)(26)
Net income (loss):(51)908622
Net income (loss) attributable to noncontrolling interest22(38)(44)(15)
Other undisclosed net loss attributable to parent   (4)
Net income (loss) attributable to parent:(29)52424
Undistributed earnings (loss) allocated to participating securities, basic(0)(1)(1)(0)
Net income (loss) available to common stockholders, diluted:(30)51413

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(51)908622
Comprehensive income (loss):(51)908622
Comprehensive income (loss), net of tax, attributable to noncontrolling interest22(38)(44)(15)
Comprehensive income (loss), net of tax, attributable to parent:(29)52427

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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