Team, Inc. (TISI) financial statements (2020 and earlier)

Company profile

Business Address 13131 DAIRY ASHFORD
SUGAR LAND, TX 77478
State of Incorp. DE
Fiscal Year End December 31
SIC 76 - Miscellaneous Repair Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
5/31/2015
5/31/2014
5/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12182746333534
Cash and cash equivalents12182746333534
Receivables246269303263231176172
Inventory, net of allowances, customer advances and progress billings39495050262627
Inventory39495050262627
Other undisclosed current assets20191842(2)1314
Total current assets:318355397401289249247
Noncurrent Assets
Operating lease, right-of-use asset67
Property, plant and equipment192195203203989075
Intangible assets, net (including goodwill)399413445532128137129
Goodwill282282285356108114103
Intangible assets, net (excluding goodwill)117131160176202426
Disposal group, including discontinued operation, noncurrent assets    5
Deferred income tax assets5
Other noncurrent assets4765013
Assets held-for-sale, long lived55
Other undisclosed noncurrent assets 856321
Total noncurrent assets:668623659746235236213
TOTAL ASSETS:9859781,0561,147524485460
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1281391481281375858
Accounts payable42445548332222
Accrued liabilities8795928062  
Employee-related liabilities    362932
Taxes payable    774
Debt51 20   
Liability for uncertainty in income taxes2   111
Other undisclosed current liabilities15   (47)1714
Total current liabilities:151140148148917573
Noncurrent Liabilities
Long-term debt and lease obligation, including:325357388347787473
Long-term debt, excluding current maturities  388347787473
Finance lease, liability5
Operating lease, liability54
Other undisclosed long-term debt and lease obligation266357     
Liabilities, other than long-term debt182463117191922
Deferred tax liabilities, net63893161617
Deferred income tax liabilities7
Liability, pension and other postretirement and postemployment benefits9111521 
Other liabilities27103335
Other undisclosed noncurrent liabilities54      
Total noncurrent liabilities:398381451464979395
Total liabilities:549521598612188168168
Stockholders' equity
Stockholders' equity attributable to parent437457457536329311287
Common stock9999666
Treasury stock, value    (21) (1)
Additional paid in capital40940135333711610699
Accumulated other comprehensive loss(30)(34)(20)(29)(14)(3)(2)
Retained earnings4981116219242202184
Stockholders' equity attributable to noncontrolling interest    665
Total stockholders' equity:437457457536335317292
TOTAL LIABILITIES AND EQUITY:9859781,0561,147524485460

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
5/31/2015
5/31/2014
5/31/2013
Revenues1,1631,2471,2001,197842750714
Revenue, net1,2001,197842750714
Cost of revenue
(Cost of Goods and Services Sold)
(836)(919)(890)(868)(584)(528)(501)
Gross profit:328328310329258222213
Operating expenses(330)(367)(426)(329)(194)(178)(165)
Other undisclosed operating income (loss) 01(2)598
Operating income (loss):(2)(39)(115)(3)685356
Nonoperating income (expense)(1)0(1)0(2)(4)(1)
Foreign currency transaction gain (loss), before tax   0(2)(4)(1)
Other nonoperating income (expense)(1)0(1)0   
Interest and debt expense(30)(31)(23)(13)(3)(3)(3)
Income (loss) from continuing operations before equity method investments, income taxes:(33)(69)(138)(16)644652
Income from equity method investments     11
Other undisclosed income (loss) from continuing operations before income taxes (25)1 (1)(1)(1)
Income (loss) from continuing operations before income taxes:(33)(94)(138)(16)634652
Income tax expense (benefit)031333(23)(16)(19)
Income (loss) from continuing operations:(32)(63)(104)(13)403033
Loss from discontinued operations   (0)   
Net income (loss):(32)(63)(104)(13)403033
Net loss attributable to noncontrolling interest    (0)(0)(0)
Net income (loss) available to common stockholders, diluted:(32)(63)(104)(13)403032

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
5/31/2015
5/31/2014
5/31/2013
Net income (loss):(32)(63)(104)(13)403033
Other comprehensive income (loss)4(12)9(11)(11)(1)1
Comprehensive income (loss):(28)(75)(95)(23)302934
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (0)00
Other undisclosed comprehensive loss, net of tax, attributable to parent     (1)(1)
Comprehensive income (loss), net of tax, attributable to parent:(28)(75)(95)(23)292933

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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