Financial Snapshot

Revenue
$173.8M
TTM
Gross Margin
30.82%
TTM
Net Earnings
-$70.15M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
76.46%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$140.1M
Q3 2024
Cash
Q3 2024
P/E
-0.09651
Nov 29, 2024 EST
Free Cash Flow
$3.604M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Revenue $210.1M $186.7M $87.96M $83.42M $203.6M $142.6M $90.01M $70.06M $88.42M $70.35M $42.79M $15.12M
YoY Change 12.53% 112.28% 5.44% -59.03% 42.77% 58.44% 28.47% -20.76% 25.69% 64.42% 182.92%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Revenue $210.1M $186.7M $87.96M $83.42M $203.6M $142.6M $90.01M $70.06M $88.42M $70.35M $42.79M $15.12M
Cost Of Revenue $130.3M $123.4M $75.75M $65.40M $144.9M $95.20M $67.70M $43.30M $52.10M $42.70M $28.40M $15.40M
Gross Profit $79.85M $63.31M $12.20M $18.10M $58.70M $47.40M $22.30M $26.80M $36.30M $27.70M $14.40M -$300.0K
Gross Profit Margin 38.01% 33.91% 13.88% 21.7% 28.83% 33.24% 24.78% 38.25% 41.05% 39.38% 33.66% -1.98%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Selling, General & Admin $24.50M $24.81M $15.70M $13.48M $16.05M $15.91M $13.21M $16.14M $14.48M $12.22M $8.911M $7.813M
YoY Change -1.25% 58.03% 16.43% -15.99% 0.91% 20.39% -18.16% 11.47% 18.5% 37.16% 14.05%
% of Gross Profit 30.68% 39.19% 128.64% 74.5% 27.34% 33.56% 59.25% 60.24% 39.9% 44.12% 61.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $43.50M $40.40M $38.90M $43.90M $45.40M $30.90M $25.80M $23.80M $21.20M $13.40M $7.500M $2.100M
YoY Change 7.67% 3.86% -11.39% -3.3% 46.93% 19.77% 8.4% 12.26% 58.21% 78.67% 257.14%
% of Gross Profit 54.48% 63.81% 318.75% 242.54% 77.34% 65.19% 115.7% 88.81% 58.4% 48.38% 52.08%
Operating Expenses $24.50M $24.81M $15.70M $13.48M $16.05M $15.91M $13.21M $16.14M $14.48M $12.22M $8.911M $7.813M
YoY Change -1.25% 58.03% 16.43% -15.99% 0.91% 20.39% -18.16% 11.47% 18.5% 37.16% 14.05%
Operating Profit -$3.717M -$2.095M -$43.12M -$82.16M -$46.50M -$12.34M -$21.03M -$18.93M -$4.951M -$33.07M -$4.657M -$13.99M
YoY Change 77.42% -95.14% -47.52% 76.7% 276.78% -41.32% 11.08% 282.37% -85.03% 610.05% -66.72%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Interest Expense -$35.96M -$29.58M -$15.19M -$14.63M -$14.42M -$7.600M -$3.000M -$3.000M -$3.300M $1.500M $800.0K $3.600M
YoY Change 21.57% 94.66% 3.87% 1.47% 89.67% 153.33% 0.0% -9.09% -320.0% 87.5% -77.78%
% of Operating Profit
Other Income/Expense, Net -$585.0K -$150.0K $0.00 -$377.0K $0.00 $0.00
YoY Change -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Pretax Income -$39.67M -$71.52M -$48.18M -$96.79M -$60.91M -$19.90M -$24.01M -$21.98M -$8.205M -$31.53M -$3.879M -$10.35M
YoY Change -44.53% 48.44% -50.22% 58.9% 206.05% -17.11% 9.26% 167.84% -73.97% 712.74% -62.52%
Income Tax -$1.975M -$6.196M $18.53M -$147.0K -$122.0K $91.00K $287.0K $202.0K -$325.0K -$3.358M -$1.882M -$5.401M
% Of Pretax Income
Net Earnings -$37.70M -$65.32M -$66.71M -$96.64M -$60.79M -$19.99M -$24.30M -$22.18M -$7.880M -$28.17M -$1.997M -$4.948M
YoY Change -42.29% -2.09% -30.97% 58.98% 204.05% -17.72% 9.56% 181.45% -72.02% 1310.52% -59.64%
Net Earnings / Revenue -17.94% -34.99% -75.85% -115.85% -29.86% -14.02% -27.0% -31.65% -8.91% -40.04% -4.67% -32.72%
Basic Earnings Per Share -$2.69 -$5.01 -$8.89 -$19.69 -$16.11 -$1.65 -$0.16 -$0.49
Diluted Earnings Per Share -$2.69 -$5.01 -$8.89 -$19.69 -$16.11 -$8.333M -$12.79M -$13.06M -$6.583M -$1.65 -$0.16 -$0.49

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Cash & Short-Term Investments $5.565M $5.326M $4.140M $12.30M $5.200M $12.20M $2.500M $7.100M $5.300M $10.80M $2.700M $37.40M
YoY Change 4.49% 28.65% -66.34% 136.54% -57.38% 388.0% -64.79% 33.96% -50.93% 300.0% -92.78%
Cash & Equivalents $5.565M $5.326M $4.140M $12.30M $5.200M $12.20M $2.500M $7.100M $5.300M $10.80M $2.700M $37.40M
Short-Term Investments
Other Short-Term Assets $4.759M $5.061M $4.787M $4.100M $13.30M $28.60M $7.600M $7.000M $3.400M $4.300M $8.200M $3.600M
YoY Change -5.97% 5.72% 16.76% -69.17% -53.5% 276.32% 8.57% 105.88% -20.93% -47.56% 127.78%
Inventory $1.557M $1.508M $1.171M $1.000M $2.300M $2.700M $2.700M $2.300M $2.300M $2.100M $1.100M $900.0K
Prepaid Expenses
Receivables $31.70M $39.78M $22.21M $10.00M $35.80M $42.00M $18.10M $11.50M $18.20M $19.10M $9.100M $5.400M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $600.0K
Total Short-Term Assets $43.58M $51.67M $32.31M $27.40M $56.70M $85.60M $30.90M $27.90M $29.30M $36.30M $21.20M $47.90M
YoY Change -15.66% 59.92% 17.92% -51.68% -33.76% 177.02% 10.75% -4.78% -19.28% 71.23% -55.74%
Property, Plant & Equipment $350.4M $377.1M $363.8M $384.4M $457.5M $496.2M $272.4M $273.2M $283.4M $250.5M $129.5M $83.50M
YoY Change -7.07% 3.65% -5.36% -15.98% -7.8% 82.16% -0.29% -3.6% 13.13% 93.44% 55.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $703.0K $984.0K $1.012M $1.400M $2.700M $1.500M $1.400M $1.000M $2.100M $2.700M $1.000M $0.00
YoY Change -28.56% -2.77% -27.71% -48.15% 80.0% 7.14% 40.0% -52.38% -22.22% 170.0%
Total Long-Term Assets $351.1M $378.0M $364.8M $385.8M $460.3M $499.3M $273.7M $274.2M $285.5M $253.2M $163.8M $119.5M
YoY Change -7.13% 3.63% -5.44% -16.19% -7.81% 82.43% -0.18% -3.96% 12.76% 54.58% 37.07%
Total Assets $394.7M $429.7M $397.1M $413.2M $517.0M $584.9M $304.6M $302.1M $314.8M $289.5M $185.0M $167.4M
YoY Change
Accounts Payable $22.99M $31.95M $15.30M $4.100M $22.70M $16.30M $11.60M $10.00M $8.600M $22.00M $9.100M $10.10M
YoY Change -28.03% 108.74% 273.27% -81.94% 39.26% 40.52% 16.0% 16.28% -60.91% 141.76% -9.9%
Accrued Expenses $11.76M $11.38M $11.81M $8.200M $11.90M $20.60M $5.200M $5.700M $4.600M $4.400M $2.700M $1.200M
YoY Change 3.35% -3.66% 44.06% -31.09% -42.23% 296.15% -8.77% 23.91% 4.55% 62.96% 125.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.226M $2.485M $4.464M $7.600M $3.700M $600.0K $500.0K $400.0K $0.00 $22.50M
YoY Change -50.66% -44.33% -41.26% 105.41% 516.67% 20.0% 25.0% -100.0%
Total Short-Term Liabilities $40.59M $52.04M $38.29M $22.40M $48.60M $46.10M $19.10M $18.30M $18.80M $51.90M $13.50M $12.50M
YoY Change -22.01% 35.92% 70.92% -53.91% 5.42% 141.36% 4.37% -2.66% -63.78% 284.44% 8.0%
Long-Term Debt $154.5M $143.2M $141.7M $137.6M $134.9M $130.0M $49.30M $26.10M $62.70M $0.00 $19.80M $0.00
YoY Change 7.91% 1.05% 3.01% 2.0% 3.77% 163.69% 88.89% -58.37% -100.0%
Other Long-Term Liabilities $8.201M $7.474M $2.811M $5.600M $1.200M $16.40M $100.0K $100.0K $400.0K $600.0K $3.200M $4.200M
YoY Change 9.73% 165.88% -49.8% 366.67% -92.68% 16300.0% 0.0% -75.0% -33.33% -81.25% -23.81%
Total Long-Term Liabilities $162.8M $150.7M $144.6M $143.2M $136.1M $146.4M $49.40M $26.20M $63.10M $600.0K $23.00M $4.200M
YoY Change 8.0% 4.25% 0.94% 5.22% -7.04% 196.36% 88.55% -58.48% 10416.67% -97.39% 447.62%
Total Liabilities $213.1M $215.0M $201.9M $166.2M $185.4M $193.3M $69.20M $44.90M $82.10M $52.80M $40.10M $22.70M
YoY Change -0.89% 6.5% 21.47% -10.36% -4.09% 179.34% 54.12% -45.31% 55.49% 31.67% 76.65%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $6.77 Million

About Independence Contract Drilling, Inc.

Independence Contract Drilling, Inc. engages in the provision of land-based contract drilling services for oil and natural gas producers. The company is headquartered in Houston, Texas and currently employs 450 full-time employees. The company went IPO on 2014-04-21. The firm constructs, owns and operates a fleet of pad-optimal ShaleDriller rigs that are specifically engineered and designed to improve its clients production profiles. The firm's operations are focused on unconventional resource plays located in geographic regions that it can support from its Houston, Texas and Midland, Texas facilities. The firm's rig fleet includes approximately 26 pad-optimal, superspec AC powered (AC) rigs. Its rigs are operating in the Permian Basin and the Haynesville Shale. The firm's customers for contract drilling services in the United States include oil and natural gas companies, independent oil and natural gas companies, as well as small to mid-sized publicly-traded and privately held oil and natural gas companies.

Industry: Drilling Oil & Gas Wells Peers: GLOBAL ACQUISITIONS Corp DIAMOND OFFSHORE DRILLING, INC. Helmerich & Payne, Inc. U.S. WELL SERVICES HOLDINGS, LLC Noble Corp PARKER DRILLING CO /DE/ VANTAGE DRILLING INTERNATIONAL