SEVENTY SEVEN ENERGY INC. (SSEI) financial statements (2021 and earlier)

Company profile

Business Address 777 N.W. 63RD STREET
OKLAHOMA CITY, OK 73116
State of Incorp. OK
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)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 13112
Cash and cash equivalents 13112
Receivables 16574863
Inventory, net of allowances, customer advances and progress billings 192545
Inventory 192545
Other undisclosed current assets 19(300)338
Total current assets: 333474448
Noncurrent Assets
Property, plant and equipment  1,7671,497
Long-term investments and receivables  813
Long-term investments  813
Intangible assets, net (including goodwill)  3350
Goodwill  2742
Intangible assets, net (excluding goodwill)  57
Deferred costs 12414
Other noncurrent assets 3874
Assets held-for-sale, long lived29
Other undisclosed noncurrent assets  (1,767)(1,527)
Total noncurrent assets: 407182
Other undisclosed assets 1,5301,7671,497
TOTAL ASSETS: 1,9032,3132,027
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 5422149
Accounts payable 544631
Accrued liabilities  89 
Employee-related liabilities  48 
Taxes payable  1418
Interest and dividends payable  25 
Debt 598
Self insurance reserve  1527
Other liabilities 98216210
Other undisclosed current liabilities  (194)(19)
Total current liabilities: 157265275
Noncurrent Liabilities
Long-term debt and lease obligation 1,5651,595650
Long-term debt, excluding current maturities 1,5651,595650
Liabilities, other than long-term debt 62162150
Deferred tax liabilities, net 61159146
Other liabilities 124
Other undisclosed noncurrent liabilities   405
Total noncurrent liabilities: 1,6271,7561,205
Total liabilities: 1,7842,0221,480
Stockholders' equity
Stockholders' equity attributable to parent 119291 
Common stock 11 
Additional paid in capital 351302 
Accumulated deficit (233)(11) 
Total stockholders' equity: 119291 
Other undisclosed liabilities and equity   547
TOTAL LIABILITIES AND EQUITY: 1,9032,3132,027

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 1,1312,0812,188
Revenue, net   1,960
Cost of revenue (340)(321)(364)
Gross profit: 7911,7601,824
Operating expenses (1,019)(1,685)(1,796)
Operating income (loss): (228)7528
Nonoperating expense (86)(85)(56)
Interest and debt expense 18(82)(57)
Loss from continuing operations before equity method investments, income taxes: (296)(92)(84)
Loss from equity method investments  (6)(1)
Other undisclosed income (loss) from continuing operations before income taxes (18)8858
Loss from continuing operations before income taxes: (314)(10)(28)
Income tax benefit 9328
Net loss available to common stockholders, diluted: (221)(8)(20)

Comprehensive Income ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss: (221)(8)(20)
Comprehensive loss, net of tax, attributable to parent: (221)(8)(20)

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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