Superior Energy Services, Inc. (SPN) financial statements (2021 and earlier)
Company profile
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
| 12/31/2013
|
|
ASSETS |
|
Current Assets |
|
Cash, cash equivalents, and short-term investments | 273 | 158 | 186 | 188 | 564 | 393 | 205 |
|
Cash and cash equivalents | 273 | 158 | 172 | 188 | 564 | 393 | 196 |
|
Short-term investments | | | 14 | | | | 9 |
|
Receivables | 333 | 447 | 399 | 399 | 429 | 927 | 937 |
|
Inventory, net of allowances, customer advances and progress billings | 104 | 107 | 107 | 103 | 149 | 166 | 163 |
|
Inventory | 104 | 107 | 107 | 103 | 149 | 166 | 163 |
|
Prepaid expense | 49 | 46 | 42 | 37 | 42 | 75 | |
|
Disposal group, including discontinued operation | 216 | | | 0 | 3 | 25 | |
|
Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 70 |
|
Costs in excess of billings | ✕ | ✕ | | | | | 63 |
|
Deferred tax assets | ✕ | | | | | 32 | 9 |
|
Other current assets | 167 | 168 | 176 | | | | |
|
Other undisclosed current assets | (153) | (153) | (149) | 55 | 109 | 112 | 29 |
|
Total current assets: | 988 | 773 | 761 | 782 | 1,295 | 1,729 | 1,476 |
|
Noncurrent Assets |
|
Operating lease, right-of-use asset | 81 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
|
Property, plant and equipment | 665 | 1,109 | 1,317 | 1,605 | 2,123 | 2,734 | 3,002 |
|
Long-term investments and receivables | 68 | 64 | 60 | 57 | 52 | 26 | 24 |
|
Accounts and financing receivable, after allowance for credit loss | 68 | 64 | 60 | 57 | 52 | 26 | 24 |
|
Intangible assets, net (including goodwill) | 147 | 219 | 925 | 932 | 1,140 | 2,468 | 2,458 |
|
Goodwill | 138 | 137 | 808 | 804 | 1,140 | 2,468 | 2,458 |
|
Intangible assets, net (excluding goodwill) | 9 | 82 | 117 | 128 | | | |
|
Restricted cash and investments | 3 | 6 | | | | | |
|
Disposal group, including discontinued operation, noncurrent assets | | | 11 | 27 | | | ✕ |
|
Deferred costs | 15 | 13 | 14 | 12 | | | |
|
Assets of disposal group, including discontinued operation | ✕ | ✕ | ✕ | ✕ | ✕ | 92 | |
|
Other undisclosed noncurrent assets | 26 | 32 | 23 | 55 | 303 | 328 | 451 |
|
Total noncurrent assets: | 1,005 | 1,443 | 2,349 | 2,689 | 3,619 | 5,649 | 5,935 |
|
TOTAL ASSETS: | 1,993 | 2,216 | 3,110 | 3,470 | 4,914 | 7,377 | 7,411 |
|
LIABILITIES AND EQUITY |
|
Liabilities |
|
Current Liabilities |
|
Accounts payable and accrued liabilities | 276 | 359 | 341 | 314 | 395 | 629 | 592 |
|
Accounts payable | 93 | 139 | 120 | 95 | 114 | 225 | 216 |
|
Accrued liabilities | 183 | 219 | 222 | 218 | 271 | 364 | 376 |
|
Taxes payable | | 1 | | 1 | 9 | 40 | |
|
Debt | | | | | 30 | 26 | 24 |
|
Asset retirement obligation | 4 | 4 | 27 | 22 | 19 | | 27 |
|
Disposal group, including discontinued operation | 45 | | | | | 45 | |
|
Other undisclosed current liabilities | | | 6 | 9 | 5 | 12 | (4) |
|
Total current liabilities: | 324 | 363 | 375 | 345 | 449 | 712 | 639 |
|
Noncurrent Liabilities |
|
Long-term debt and lease obligation | 1,349 | 1,283 | 1,280 | 1,285 | 1,588 | 1,645 | 1,668 |
|
Long-term debt, excluding current maturities | 1,287 | 1,283 | 1,280 | 1,285 | 1,588 | 1,628 | 1,647 |
|
Capital lease obligations | ✕ | | | | | 17 | 21 |
|
Operating lease, liability | 62 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
|
Liabilities, other than long-term debt | 270 | 280 | 323 | 537 | 667 | 958 | 994 |
|
Asset retirement obligations | 133 | 127 | 103 | 102 | 99 | 88 | 56 |
|
Deferred tax liabilities, net | ✕ | | 61 | 244 | 383 | 703 | 736 |
|
Deferred income tax liabilities | 3 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
|
Other liabilities | 134 | 153 | 159 | 192 | 185 | 167 | 202 |
|
Total noncurrent liabilities: | 1,619 | 1,562 | 1,603 | 1,822 | 2,255 | 2,602 | 2,662 |
|
Total liabilities: | 1,944 | 1,925 | 1,978 | 2,166 | 2,703 | 3,314 | 3,301 |
|
Stockholders' equity |
|
Stockholders' equity attributable to parent | 50 | 291 | 1,132 | 1,304 | 2,211 | 4,080 | 4,131 |
|
Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Treasury stock, value | (4) | | | | | | |
|
Additional paid in capital | 2,753 | 2,735 | 2,713 | 2,692 | 2,665 | 2,620 | 2,874 |
|
Accumulated other comprehensive loss | (72) | (73) | (67) | (80) | (46) | (36) | (18) |
|
Retained earnings (accumulated deficit) | (2,627) | (2,371) | (1,513) | (1,308) | (408) | 1,496 | 1,275 |
|
Total stockholders' equity: | 50 | 291 | 1,132 | 1,304 | 2,211 | 4,080 | 4,131 |
|
Other undisclosed liabilities and equity | | | | | | (17) | (21) |
|
TOTAL LIABILITIES AND EQUITY: | 1,993 | 2,216 | 3,110 | 3,470 | 4,914 | 7,377 | 7,411 |
Income statement (P&L) ($ in millions)
Comprehensive Income ($ in millions)
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.