$CVEO
Civeo Corp

2017 Q3 Form 10-Q Financial Statement

#000143774917017638 Filed on October 26, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $97.49M $104.2M
YoY Change -6.47% -2.16%
Cost Of Revenue $62.67M $61.53M
YoY Change 1.84% -3.45%
Gross Profit $31.96M $36.27M
YoY Change -11.89% -1.41%
Gross Profit Margin 32.79% 34.8%
Selling, General & Admin $15.87M $13.64M
YoY Change 16.32% -18.26%
% of Gross Profit 49.66% 37.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.70M $33.72M
YoY Change -3.03% -6.78%
% of Gross Profit 102.31% 92.96%
Operating Expenses $118.8M $153.2M
YoY Change -22.43% -33.21%
Operating Profit -$21.34M -$48.96M
YoY Change -56.4% -60.14%
Interest Expense $5.441M $6.072M
YoY Change -10.39% 0.83%
% of Operating Profit
Other Income/Expense, Net $517.0K $1.338M
YoY Change -61.36% 412.64%
Pretax Income -$26.22M -$53.67M
YoY Change -51.14% -58.69%
Income Tax -$4.000M -$11.70M
% Of Pretax Income
Net Earnings -$22.33M -$42.13M
YoY Change -47.0% -60.88%
Net Earnings / Revenue -22.91% -40.42%
Basic Earnings Per Share -$0.17 -$0.39
Diluted Earnings Per Share -$0.17 -$0.39
COMMON SHARES
Basic Shares Outstanding 130.9M shares 107.1M
Diluted Shares Outstanding 130.9M shares 107.1M

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.00M $2.500M
YoY Change 2060.0% -80.16%
Cash & Equivalents $54.00M $2.530M
Short-Term Investments
Other Short-Term Assets $5.948M $6.334M
YoY Change -6.09% -12.03%
Inventory $4.857M $3.564M
Prepaid Expenses $10.28M $9.487M
Receivables $63.11M $68.48M
Other Receivables $0.00 $0.00
Total Short-Term Assets $138.2M $90.39M
YoY Change 52.89% -23.69%
LONG-TERM ASSETS
Property, Plant & Equipment $756.1M $844.8M
YoY Change -10.5% -11.13%
Goodwill
YoY Change
Intangibles $24.70M $31.50M
YoY Change -21.59% -11.89%
Long-Term Investments
YoY Change
Other Assets $10.71M $11.35M
YoY Change -5.66% -12.34%
Total Long-Term Assets $791.5M $887.7M
YoY Change -10.83% -11.18%
TOTAL ASSETS
Total Short-Term Assets $138.2M $90.39M
Total Long-Term Assets $791.5M $887.7M
Total Assets $929.8M $978.1M
YoY Change -4.94% -12.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.89M $27.76M
YoY Change -13.91% -9.16%
Accrued Expenses $19.43M $16.16M
YoY Change 20.22% -5.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $16.67M $15.82M
YoY Change 5.39% -13.11%
Total Short-Term Liabilities $66.04M $70.27M
YoY Change -6.02% -16.27%
LONG-TERM LIABILITIES
Long-Term Debt $307.5M $358.0M
YoY Change -14.11% -10.01%
Other Long-Term Liabilities $30.36M $32.40M
YoY Change -6.31% -4.22%
Total Long-Term Liabilities $337.9M $390.4M
YoY Change -13.46% -9.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.04M $70.27M
Total Long-Term Liabilities $337.9M $390.4M
Total Liabilities $403.9M $463.3M
YoY Change -12.82% -15.49%
SHAREHOLDERS EQUITY
Retained Earnings -$531.5M -$456.8M
YoY Change 16.36% 24.89%
Common Stock $1.382B $1.310B
YoY Change 5.47% 0.42%
Preferred Stock
YoY Change
Treasury Stock (at cost) $358.0K
YoY Change
Treasury Stock Shares $165.5K
Shareholders Equity $525.7M $513.8M
YoY Change
Total Liabilities & Shareholders Equity $929.8M $978.1M
YoY Change -4.94% -12.5%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$22.33M -$42.13M
YoY Change -47.0% -60.88%
Depreciation, Depletion And Amortization $32.70M $33.72M
YoY Change -3.03% -6.78%
Cash From Operating Activities $31.10M $13.70M
YoY Change 127.01% -83.0%
INVESTING ACTIVITIES
Capital Expenditures $1.983M $5.353M
YoY Change -62.96% -72.69%
Acquisitions
YoY Change
Other Investing Activities $700.0K $3.100M
YoY Change -77.42% 520.0%
Cash From Investing Activities -$1.300M -$2.200M
YoY Change -40.91% -88.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.200M -15.40M
YoY Change -72.73% -95.57%
NET CHANGE
Cash From Operating Activities 31.10M 13.70M
Cash From Investing Activities -1.300M -2.200M
Cash From Financing Activities -4.200M -15.40M
Net Change In Cash 25.60M -3.900M
YoY Change -756.41% -98.64%
FREE CASH FLOW
Cash From Operating Activities $31.10M $13.70M
Capital Expenditures $1.983M $5.353M
Free Cash Flow $29.12M $8.347M
YoY Change 248.83% -86.32%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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SalesRevenueNet
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2017Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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CY2016Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130889000
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WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106989000

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