U.S. Well Services, Inc. (USWS) financial statements (2021 and earlier)

Company profile

Business Address 1360 POST OAK BOULEVARD, SUITE 1800
HOUSTON, TX 77056
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments434301
Cash and cash equivalents434301
Receivables468060 
Inventory, net of allowances, customer advances and progress billings899 
Inventory899 
Prepaid expense31160
Other current assets113 
Other undisclosed current assets6860
Total current assets:681431141
Noncurrent Assets
Property, plant and equipment235442331 
Intangible assets, net (including goodwill)182733 
Goodwill555 
Intangible assets, net (excluding goodwill)132228 
Assets held-in-trust   326
Other undisclosed noncurrent assets112 
Total noncurrent assets:255469366326
TOTAL ASSETS:323613480327
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5192980
Accounts payable367089 
Accrued liabilities232 
Employee-related liabilities797 
Taxes payable510 0
Other undisclosed accounts payable and accrued liabilities   0
Debt142230 
Due to related parties   0
Other undisclosed current liabilities126130
Total current liabilities:661411400
Noncurrent Liabilities
Long-term debt and lease obligation, including:28428599 
Long-term debt, excluding current maturities27527491 
Other undisclosed long-term debt and lease obligation9118 
Liabilities, other than long-term debt40  
Deferred rent credit 0 
Other liabilities4   
Other undisclosed noncurrent liabilities   10
Total noncurrent liabilities:2872859910
Total liabilities:35342624010
Temporary equity, carrying amount   312
Stockholders' equity
Stockholders' equity attributable to parent, including:(105)1371885
Additional paid in capital2412482054
Retained earnings (accumulated deficit)(347)(111)(17)1
Other undisclosed stockholders' equity attributable to parent0000
Stockholders' equity attributable to noncontrolling interest 1153 
Total stockholders' equity:(105)1482405
Other undisclosed liabilities and equity7539  
TOTAL LIABILITIES AND EQUITY:323613480327

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues244515649 
Cost of revenue
(Cost of Goods and Services Sold)
(1)(0)(0) 
Gross profit:243514649 
Operating expenses(198)(52)(45)(1)
Other undisclosed operating loss(268)(538)(641) 
Operating loss:(222)(75)(38)(1)
Nonoperating income0202
Investment income, nonoperating   2
Other nonoperating income020 
Interest and debt expense(1)(13)(0) 
Income (loss) from continuing operations before equity method investments, income taxes:(224)(86)(38)2
Other undisclosed loss from continuing operations before income taxes(24)(30)(33) 
Income (loss) from continuing operations before income taxes:(248)(116)(70)2
Income tax expense (benefit)10(0)(1)
Net income (loss):(247)(116)(71)1
Net income attributable to noncontrolling interest11225 
Net income (loss) attributable to parent:(236)(94)(66)1
Other undisclosed net income (loss) available to common stockholders, basic(21)(15)2 
Net income (loss) available to common stockholders, diluted:(257)(109)(64)1

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(247)(116)(71)1
Comprehensive income (loss):(247)(116)(71)1
Comprehensive income, net of tax, attributable to noncontrolling interest11225 
Comprehensive income (loss), net of tax, attributable to parent:(236)(94)(66)1

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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