Superior Energy Services, Inc. (SPN) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments315188 158186188
Cash and cash equivalents315188 158172188
Short-term investments    14 
Receivables188193 447399399
Inventory, net of allowances, customer advances and progress billings6187 107107103
Inventory6187 107107103
Prepaid expense1637 464237
Disposal group, including discontinued operation3848   0
Other current assets7  168176 
Other undisclosed current assets269 (153)(149)55
Total current assets:649561 773761782
Noncurrent Assets
Operating lease, right-of-use asset2550 
Property, plant and equipment356542 1,1091,3171,605
Long-term investments and receivables6173 646057
Accounts and financing receivable, after allowance for credit loss6173 646057
Intangible assets, net (including goodwill)9146 219925932
Goodwill 139 137808804
Intangible assets, net (excluding goodwill)97 82117128
Restricted cash and investments8080 6  
Disposal group, including discontinued operation, noncurrent assets    1127
Deferred costs 15 131412
Other undisclosed noncurrent assets2034 322355
Total noncurrent assets:551940 1,4432,3492,689
TOTAL ASSETS:1,2001,501 2,2163,1103,470
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities160186 359341314
Accounts payable4356 13912095
Accrued liabilities117130 219222218
Taxes payable   1 1
Asset retirement obligation 4 42722
Disposal group, including discontinued operation 4    
Other undisclosed current liabilities6   69
Total current liabilities:166194 363375345
Noncurrent Liabilities
Long-term debt and lease obligation1940 1,2831,2801,285
Long-term debt, excluding current maturities   1,2831,2801,285
Operating lease, liability1940 
Liabilities, other than long-term debt273270 280323537
Asset retirement obligations190139 127103102
Deferred tax liabilities, net 61244
Deferred income tax liabilities125 
Other liabilities70125 153159192
Total noncurrent liabilities:292310 1,5621,6031,822
Total liabilities:458504 1,9251,9782,166
Stockholders' equity
Stockholders' equity attributable to parent, including:742(339) 2911,1321,304
Common stock 0 000
Treasury stock, value (4)    
Additional paid in capital 2,757 2,7352,7132,692
Accumulated other comprehensive loss (68) (73)(67)(80)
Accumulated deficit(162)(3,023) (2,371)(1,513)(1,308)
Other undisclosed stockholders' equity attributable to parent904     
Other undisclosed stockholders' equity 1,336    
Total stockholders' equity:742997 2911,1321,304
TOTAL LIABILITIES AND EQUITY:1,2001,501 2,2163,1103,470

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues649851 2,1301,8741,450
Revenue, net1,8741,450
Cost of revenue
(Cost of Goods and Services Sold)
(422)(580) (1,502)(1,399)(1,123)
Gross profit:227271 628475327
Operating expenses(141)(296) (1,029)(310)(847)
Other operating expense, net
(Other Expenses)
(17)     
Other undisclosed operating loss(220)(147) (401)(439)(510)
Operating loss:(151)(172) (802)(273)(1,030)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(7)(9) (2)(3)23
Loss from continuing operations before equity method investments, income taxes:(158)(181) (803)(276)(1,008)
Other undisclosed income (loss) from continuing operations before income taxes2(114) (99)(101)(93)
Loss from continuing operations before income taxes:(155)(295) (903)(378)(1,100)
Income tax benefit3314 45191267
Loss from continuing operations:(122)(281) (857)(187)(833)
Loss from discontinued operations(40)(115) (1)(19)(54)
Net loss available to common stockholders, basic:(162)(396) (858)(206)(887)
Dilutive securities, effect on basic earnings per share0     
Net loss available to common stockholders, diluted:(162)(396) (858)(206)(887)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(162)(396) (858)(206)(887)
Comprehensive loss:(162)(396) (858)(206)(887)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 4 (6)13(35)
Comprehensive loss, net of tax, attributable to parent:(162)(392) (864)(193)(921)

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: