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)
Annual | Quarterly

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 investments273158186188564393205
Cash and cash equivalents273158172188564393196
Short-term investments  14   9
Receivables333447399399429927937
Inventory, net of allowances, customer advances and progress billings104107107103149166163
Inventory104107107103149166163
Prepaid expense494642374275 
Disposal group, including discontinued operation216  0325 
Prepaid expense and other current assets✕✕✕✕✕✕70
Costs in excess of billings✕✕    63
Deferred tax assets✕    329
Other current assets167168176    
Other undisclosed current assets(153)(153)(149)5510911229
Total current assets:9887737617821,2951,7291,476
Noncurrent Assets
Operating lease, right-of-use asset81✕✕✕✕✕✕
Property, plant and equipment6651,1091,3171,6052,1232,7343,002
Long-term investments and receivables68646057522624
Accounts and financing receivable, after allowance for credit loss68646057522624
Intangible assets, net (including goodwill)1472199259321,1402,4682,458
Goodwill1381378088041,1402,4682,458
Intangible assets, net (excluding goodwill)982117128   
Restricted cash and investments36     
Disposal group, including discontinued operation, noncurrent assets  1127  ✕
Deferred costs15131412   
Assets of disposal group, including discontinued operation✕✕✕✕✕92 
Other undisclosed noncurrent assets26322355303328451
Total noncurrent assets:1,0051,4432,3492,6893,6195,6495,935
TOTAL ASSETS:1,9932,2163,1103,4704,9147,3777,411
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities276359341314395629592
Accounts payable9313912095114225216
Accrued liabilities183219222218271364376
Taxes payable 1 1940 
Debt    302624
Asset retirement obligation44272219 27
Disposal group, including discontinued operation45    45 
Other undisclosed current liabilities  69512(4)
Total current liabilities:324363375345449712639
Noncurrent Liabilities
Long-term debt and lease obligation1,3491,2831,2801,2851,5881,6451,668
Long-term debt, excluding current maturities1,2871,2831,2801,2851,5881,6281,647
Capital lease obligations✕    1721
Operating lease, liability62✕✕✕✕✕✕
Liabilities, other than long-term debt270280323537667958994
Asset retirement obligations133127103102998856
Deferred tax liabilities, net✕ 61244383703736
Deferred income tax liabilities3✕✕✕✕✕✕
Other liabilities134153159192185167202
Total noncurrent liabilities:1,6191,5621,6031,8222,2552,6022,662
Total liabilities:1,9441,9251,9782,1662,7033,3143,301
Stockholders' equity
Stockholders' equity attributable to parent502911,1321,3042,2114,0804,131
Common stock0000000
Treasury stock, value(4)      
Additional paid in capital2,7532,7352,7132,6922,6652,6202,874
Accumulated other comprehensive loss(72)(73)(67)(80)(46)(36)(18)
Retained earnings (accumulated deficit)(2,627)(2,371)(1,513)(1,308)(408)1,4961,275
Total stockholders' equity:502911,1321,3042,2114,0804,131
Other undisclosed liabilities and equity     (17)(21)
TOTAL LIABILITIES AND EQUITY:1,9932,2163,1103,4704,9147,3777,411

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,4252,1301,8741,4502,7754,5574,612
Revenue, net✕✕1,8741,4502,7754,5574,612
Cost of revenue
(Cost of Goods and Services Sold)		(925)(1,502)(1,399)(1,123)(1,866)(2,735)(2,902)
Gross profit:5006284753279091,8221,710
Operating expenses(285)(1,029)(310)(847)(2,250)(655)(1,177)
Other undisclosed operating loss(196)(401)(439)(510)(612)(620)(502)
Operating income (loss):18(802)(273)(1,030)(1,953)54731
Nonoperating income (expense)(2)(2)(3)23(9)(15)(4)
Investment income, nonoperating      3
Foreign currency transaction loss, before tax     (7)(9)
Other nonoperating income (expense)(2)(2)(3)23(9)(8)2
Interest and debt expense     (97)(108)
Income (loss) from continuing operations before equity method investments, income taxes:16(803)(276)(1,008)(1,962)435(81)
Other undisclosed income (loss) from continuing operations before income taxes(98)(99)(101)(93)(97)79
Income (loss) from continuing operations before income taxes:(82)(903)(378)(1,100)(2,060)442(72)
Income tax expense (benefit)545191267252(161)(40)
Income (loss) from continuing operations:(78)(857)(187)(833)(1,808)281(111)
Loss from discontinued operations(178)(1)(19)(54)(47)(23) 
Net income (loss) available to common stockholders, diluted:(256)(858)(206)(887)(1,855)258(111)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(256)(858)(206)(887)(1,855)258(111)
Comprehensive income (loss):(256)(858)(206)(887)(1,855)258(111)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(6)13(35)(9)(19)2
Comprehensive income (loss), net of tax, attributable to parent:(254)(864)(193)(921)(1,864)239(110)

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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