Solaris Oilfield Infrastructure, Inc. (SOI) financial statements (2022 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 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 investments36,49760,36666,88225,05763,421
Cash and cash equivalents36,49760,36666,88225,05763,421
Receivables39,51318,24338,78739,97812,979
Inventory, net of allowances, customer advances and progress billings1,6549547,14410,4707,532
Inventory1,6549547,14410,4707,532
Prepaid expense720554865576389
Deposits current assets75771,245882261
Other current assets2,0541,2951,8371,232241
Other undisclosed current assets5552438222,5702,731
Total current assets:81,06881,732117,58280,76587,554
Noncurrent Assets
Inventory, Noncurrent2,6763,318   
Operating lease, right-of-use asset4,1824,7087,871
Property, plant and equipment  306,583296,538151,163
Intangible assets, net (including goodwill)15,20715,98620,99721,77622,571
Goodwill13,00413,00417,23617,23617,236
Intangible assets, net (excluding goodwill)2,2032,9823,7614,5405,335
Deferred income tax assets62,94259,80551,414
Other noncurrent assets574636251,454260
Other undisclosed noncurrent assets240,091245,884 58,07425,512
Total noncurrent assets:325,155330,164387,490377,842199,506
TOTAL ASSETS:406,223411,896505,072458,607287,060
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26,84518,84918,27121,78520,468
Accounts payable9,9276,8633,8249,1275,000
Accrued liabilities16,91811,98614,44712,65815,468
Debt31306263533
Due to related parties805574  
Contract with customer, liability12,990
Other liabilities4967574515 
Other undisclosed current liabilities1,8471,1981,342  
Total current liabilities:29,29920,20720,38735,32520,501
Noncurrent Liabilities
Long-term debt and lease obligation6,7727,5197,98513,154179
Long-term debt, excluding current maturities   13,000 
Finance lease, liability70100130
Capital lease obligations154179
Operating lease, liability6,7027,4197,855
Liabilities, other than long-term debt, including:72,27668,69167,042633145
Contract with customer, liability12,468
Due to related parties71,89268,09766,58256,14924,675
Other liabilities384594460  
Other undisclosed liabilities, other than long-term debt   (67,984)(24,530)
Other undisclosed noncurrent liabilities   68,61724,675
Total noncurrent liabilities:79,04876,21075,02782,40424,999
Total liabilities:108,34796,41795,414117,72945,500
Stockholders' equity
Stockholders' equity attributable to parent, including:203,149201,254263,847198,450125,292
Treasury stock, value  (2,526)(1,414)(261)
Additional paid in capital196,912180,415191,843164,086121,727
Retained earnings5,92520,54974,22235,5073,636
Other undisclosed stockholders' equity attributable to parent312290308271190
Stockholders' equity attributable to noncontrolling interest94,727114,225145,811142,428116,268
Total stockholders' equity:297,876315,479409,658340,878241,560
TOTAL LIABILITIES AND EQUITY:406,223411,896505,072458,607287,060

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues159,189102,976241,687197,19667,395
Revenue, net67,190
Cost of revenue(140,312)(71,546)(88,246)(70,967)(25,388)
Cost of goods and services sold(115,459)(2,565)   
Gross profit:18,87731,430153,441126,22942,007
Operating expenses(19,264)(91,330)(45,511)(26,942)(16,546)
Other operating income (expense), net2,357(5,782)(585)  
Other undisclosed operating income (loss)(2,357)5,782585  
Operating income (loss):(387)(59,900)107,93099,28725,461
Interest and debt expense(4)(176)(634)(374)(97)
Income (loss) from continuing operations before equity method investments, income taxes:(391)(60,076)107,29698,91325,364
Other undisclosed income (loss) from continuing operations before income taxes(243)14  23,022
Income (loss) from continuing operations before income taxes:(634)(60,062)107,29698,91348,386
Income tax expense (benefit)(626)8,969(16,936)(12,961)(25,899)
Net income (loss):(1,260)(51,093)90,36085,95222,487
Net income (loss) attributable to noncontrolling interest39221,752(38,353)(43,521)(15,186)
Other undisclosed net loss attributable to parent    (3,665)
Net income (loss) attributable to parent:(868)(29,341)52,00742,4313,636
Undistributed earnings (loss) allocated to participating securities, basic(365)(314)(1,120)(1,230)(248)
Net income (loss) available to common stockholders, diluted:(1,233)(29,655)50,88741,2013,388

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(1,260)(51,093)90,36085,95222,487
Comprehensive income (loss):(1,260)(51,093)90,36085,95222,487
Comprehensive income (loss), net of tax, attributable to noncontrolling interest39221,752(38,353)(43,521)(15,186)
Comprehensive income (loss), net of tax, attributable to parent:(868)(29,341)52,00742,4317,301

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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