Team, Inc. (TISI) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
5/31/2015
5/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25121827463335
Cash and cash equivalents25121827463335
Receivables196246269303263231176
Inventory, net of allowances, customer advances and progress billings37394950502626
Inventory37394950502626
Other undisclosed current assets2720191842(2)13
Total current assets:284318355397401289249
Noncurrent Assets
Finance lease, right-of-use asset5 
Operating lease, right-of-use asset6467
Property, plant and equipment 1921952032039890
Intangible assets, net (including goodwill)195399413445532128137
Goodwill91282282285356108114
Intangible assets, net (excluding goodwill)1031171311601762024
Disposal group, including discontinued operation, noncurrent assets     5
Deferred income tax assets75
Other noncurrent assets12476501
Assets held-for-sale, long lived5
Other undisclosed noncurrent assets166 85632
Total noncurrent assets:447668623659746235236
TOTAL ASSETS:7319859781,0561,147524485
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11512813914812813758
Accounts payable42424455483322
Accrued liabilities738795928062 
Employee-related liabilities     3629
Taxes payable     77
Debt051 20  
Liability for uncertainty in income taxes12   11
Other undisclosed current liabilities1615   (47)17
Total current liabilities:1331511401481489175
Noncurrent Liabilities
Long-term debt and lease obligation, including:3123253573883477874
Long-term debt, excluding current maturities   3883477874
Finance lease, liability55
Operating lease, liability5254
Other undisclosed long-term debt and lease obligation255266357    
Liabilities, other than long-term debt191824631171919
Deferred tax liabilities, net638931616
Deferred income tax liabilities47
Liability, pension and other postretirement and postemployment benefits59111521 
Other liabilities92710333
Other undisclosed noncurrent liabilities5254     
Total noncurrent liabilities:3833983814514649793
Total liabilities:516549521598612188168
Stockholders' equity
Stockholders' equity attributable to parent215437457457536329311
Common stock9999966
Treasury stock, value     (21) 
Additional paid in capital423409401353337116106
Accumulated other comprehensive loss(28)(30)(34)(20)(29)(14)(3)
Retained earnings (accumulated deficit)(190)4981116219242202
Stockholders' equity attributable to noncontrolling interest     66
Total stockholders' equity:215437457457536335317
TOTAL LIABILITIES AND EQUITY:7319859781,0561,147524485

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
5/31/2015
5/31/2014
Revenues8531,1631,2471,2001,197842750
Revenue, net1,2001,197842750
Cost of revenue
(Cost of Goods and Services Sold)
(614)(836)(919)(890)(868)(584)(528)
Gross profit:239328328310329258222
Operating expenses(456)(330)(367)(426)(329)(194)(178)
Other undisclosed operating income (loss)  01(2)59
Operating income (loss):(217)(2)(39)(115)(3)6853
Nonoperating income (expense)(3)(1)0(1)0(2)(4)
Foreign currency transaction gain (loss), before tax    0(2)(4)
Other nonoperating income (expense)(3)(1)0(1)0  
Interest and debt expense(32)(30)(31)(23)(13)(3)(3)
Income (loss) from continuing operations before equity method investments, income taxes:(252)(33)(69)(138)(16)6446
Income from equity method investments      1
Other undisclosed income (loss) from continuing operations before income taxes  (25)1 (1)(1)
Income (loss) from continuing operations before income taxes:(252)(33)(94)(138)(16)6346
Income tax expense (benefit)15031333(23)(16)
Income (loss) from continuing operations:(237)(32)(63)(104)(13)4030
Loss from discontinued operations    (0)  
Net income (loss):(237)(32)(63)(104)(13)4030
Net loss attributable to noncontrolling interest     (0)(0)
Net income (loss) available to common stockholders, diluted:(237)(32)(63)(104)(13)4030

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
5/31/2015
5/31/2014
Net income (loss):(237)(32)(63)(104)(13)4030
Other comprehensive income (loss)34(12)9(11)(11)(1)
Comprehensive income (loss):(235)(28)(75)(95)(23)3029
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     (0)0
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income (loss), net of tax, attributable to parent:(235)(28)(75)(95)(23)2929

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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