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)

12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34301
Cash and cash equivalents34301
Receivables8060 
Inventory, net of allowances, customer advances and progress billings99 
Inventory99 
Prepaid expense1160
Other current assets13 
Other undisclosed current assets860
Total current assets:1431141
Noncurrent Assets
Property, plant and equipment442331 
Intangible assets, net (including goodwill)2733 
Goodwill55 
Intangible assets, net (excluding goodwill)2228 
Assets held-in-trust  326
Other undisclosed noncurrent assets12 
Total noncurrent assets:469366326
TOTAL ASSETS:613480327
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:92980
Accounts payable7089 
Accrued liabilities32 
Employee-related liabilities97 
Taxes payable10 0
Other undisclosed accounts payable and accrued liabilities  0
Debt2230 
Due to related parties  0
Other undisclosed current liabilities26130
Total current liabilities:1411400
Noncurrent Liabilities
Long-term debt and lease obligation, including:28599 
Long-term debt, excluding current maturities27491 
Other undisclosed long-term debt and lease obligation118 
Liabilities, other than long-term debt0  
Deferred rent credit0 
Other undisclosed noncurrent liabilities  10
Total noncurrent liabilities:2859910
Total liabilities:42624010
Temporary equity, carrying amount  312
Stockholders' equity
Stockholders' equity attributable to parent, including:1371885
Additional paid in capital2482054
Retained earnings (accumulated deficit)(111)(17)1
Other undisclosed stockholders' equity attributable to parent000
Stockholders' equity attributable to noncontrolling interest1153 
Total stockholders' equity:1482405
Other undisclosed liabilities and equity39  
TOTAL LIABILITIES AND EQUITY:613480327

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

12/31/2019
12/31/2018
12/31/2017
Revenues515649 
Cost of revenue
(Cost of Goods and Services Sold)
(0)(0) 
Gross profit:514649 
Operating expenses(52)(45)(1)
Other undisclosed operating loss(538)(641) 
Operating loss:(75)(38)(1)
Nonoperating income202
Investment income, nonoperating  2
Other nonoperating income20 
Interest and debt expense(13)(0) 
Income (loss) from continuing operations before equity method investments, income taxes:(86)(38)2
Other undisclosed loss from continuing operations before income taxes(30)(33) 
Income (loss) from continuing operations before income taxes:(116)(70)2
Income tax expense (benefit)0(0)(1)
Net income (loss):(116)(71)1
Net income attributable to noncontrolling interest225 
Net income (loss) attributable to parent:(94)(66)1
Other undisclosed net income (loss) available to common stockholders, basic(15)2 
Net income (loss) available to common stockholders, diluted:(109)(64)1

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
Net income (loss):(116)(71)1
Comprehensive income (loss):(116)(71)1
Comprehensive income, net of tax, attributable to noncontrolling interest225 
Comprehensive income (loss), net of tax, attributable to parent:(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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