Superior Energy Services, Inc. (SPN) financial statements (2021 and earlier)

Company profile

Business Address 1001 LOUISIANA STREET, SUITE 2900
HOUSTON, TX 77002
State of Incorp. DE
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 millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments188 158186188564
Cash and cash equivalents188 158172188564
Short-term investments   14  
Receivables193 447399399429
Inventory, net of allowances, customer advances and progress billings87 107107103149
Inventory87 107107103149
Prepaid expense37 46423742
Disposal group, including discontinued operation48   03
Other current assets  168176  
Other undisclosed current assets9 (153)(149)55109
Total current assets:561 7737617821,295
Noncurrent Assets
Operating lease, right-of-use asset50 
Property, plant and equipment542 1,1091,3171,6052,123
Long-term investments and receivables73 64605752
Accounts and financing receivable, after allowance for credit loss73 64605752
Intangible assets, net (including goodwill)146 2199259321,140
Goodwill139 1378088041,140
Intangible assets, net (excluding goodwill)7 82117128 
Restricted cash and investments80 6   
Disposal group, including discontinued operation, noncurrent assets   1127 
Deferred costs15 131412 
Other undisclosed noncurrent assets34 322355303
Total noncurrent assets:940 1,4432,3492,6893,619
TOTAL ASSETS:1,501 2,2163,1103,4704,914
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities186 359341314395
Accounts payable56 13912095114
Accrued liabilities130 219222218271
Taxes payable  1 19
Debt     30
Asset retirement obligation4 4272219
Disposal group, including discontinued operation4     
Other undisclosed current liabilities   695
Total current liabilities:194 363375345449
Noncurrent Liabilities
Long-term debt and lease obligation40 1,2831,2801,2851,588
Long-term debt, excluding current maturities  1,2831,2801,2851,588
Operating lease, liability40 
Liabilities, other than long-term debt270 280323537667
Asset retirement obligations139 12710310299
Deferred tax liabilities, net 61244383
Deferred income tax liabilities5 
Other liabilities125 153159192185
Total noncurrent liabilities:310 1,5621,6031,8222,255
Total liabilities:504 1,9251,9782,1662,703
Stockholders' equity
Stockholders' equity attributable to parent(339) 2911,1321,3042,211
Common stock0 0000
Treasury stock, value(4)     
Additional paid in capital2,757 2,7352,7132,6922,665
Accumulated other comprehensive loss(68) (73)(67)(80)(46)
Accumulated deficit(3,023) (2,371)(1,513)(1,308)(408)
Other undisclosed stockholders' equity1,336     
Total stockholders' equity:997 2911,1321,3042,211
TOTAL LIABILITIES AND EQUITY:1,501 2,2163,1103,4704,914

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues851 2,1301,8741,4502,775
Revenue, net1,8741,4502,775
Cost of revenue
(Cost of Goods and Services Sold)
(580) (1,502)(1,399)(1,123)(1,866)
Gross profit:271 628475327909
Operating expenses(296) (1,029)(310)(847)(2,250)
Other undisclosed operating loss(147) (401)(439)(510)(612)
Operating loss:(172) (802)(273)(1,030)(1,953)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(9) (2)(3)23(9)
Loss from continuing operations before equity method investments, income taxes:(181) (803)(276)(1,008)(1,962)
Other undisclosed loss from continuing operations before income taxes(114) (99)(101)(93)(97)
Loss from continuing operations before income taxes:(295) (903)(378)(1,100)(2,060)
Income tax benefit14 45191267252
Loss from continuing operations:(281) (857)(187)(833)(1,808)
Loss from discontinued operations(115) (1)(19)(54)(47)
Net loss available to common stockholders, diluted:(396) (858)(206)(887)(1,855)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(396) (858)(206)(887)(1,855)
Comprehensive loss:(396) (858)(206)(887)(1,855)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4 (6)13(35)(9)
Comprehensive loss, net of tax, attributable to parent:(392) (864)(193)(921)(1,864)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: