Tesco Corp (TESO) financial statements (2021 and earlier)

Company profile

Business Address WESTWAY PLAZA, 11330 CLAY ROAD
HOUSTON, TX 77041
State of Incorp.
Fiscal Year End December 31
SIC 3533 - Oil and Gas Field Machinery and Equipment (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
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9152729722
Cash and cash equivalents9152729722
Restricted cash and investments313  
Receivables3872138143131
Inventory, net of allowances, customer advances and progress billings769511597125
Inventory769511597125
Prepaid expense44108
Prepaid expense and other current assets40
Income taxes receivable74
Deferred tax assets  9  
Other undisclosed current assets71214294
Total current assets:221236361381326
Noncurrent Assets
Property, plant and equipment121178203205210
Intangible assets, net (including goodwill)  393838
Goodwill  343333
Intangible assets, net (excluding goodwill)  565
Other noncurrent assets3787
Prepaid expense and other noncurrent assets6
Other undisclosed noncurrent assets 1967
Total noncurrent assets:123185259256261
TOTAL ASSETS:344422619638587
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2838728792
Accounts payable1314364644
Accrued liabilities222273542
Employee-related liabilities6    
Taxes payable61967
Debt  000
Deferred revenue and credits44172111
Deferred tax liabilities  0 0
Other undisclosed current liabilities 1324
Total current liabilities:334392111107
Noncurrent Liabilities
Long-term debt and lease obligation, including:   00
Other undisclosed long-term debt and lease obligation   00
Liabilities, other than long-term debt24141011
Deferred tax liabilities, net021298
Other liabilities22202
Total noncurrent liabilities:24141011
Total liabilities:3547106121118
Stockholders' equity
Stockholders' equity attributable to parent310375513517470
Common stock265212209225213
Accumulated other comprehensive income3636363636
Retained earnings9127269257221
Total stockholders' equity:310375513517470
TOTAL LIABILITIES AND EQUITY:344422619638587

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
135280543525553
Cost of revenue
(Cost of Goods and Services Sold)
(178)(297)(434)(413)(433)
Gross profit:(43)(17)109112120
Operating expenses(250)(382)(496)(470)(476)
Other undisclosed operating income178297434413433
Operating income (loss):(115)(102)475677
Nonoperating expense(3)(16)(8)(4)(2)
Investment income, nonoperating10000
Foreign currency transaction loss, before tax(3)(15)(7)(5)(3)
Other nonoperating income (expense)(0)0022
Interest and debt expense(1)(2)(1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes12111
Income (loss) from continuing operations before income taxes:(118)(118)385275
Income tax expense (benefit)0(15)(17)(15)(25)
Net income (loss) available to common stockholders, diluted:(118)(134)213650

Comprehensive Income ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(118)(134)213650
Comprehensive income (loss), net of tax, attributable to parent:(118)(134)213650

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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