2018 Q3 Form 10-Q Financial Statement

#000169402818000027 Filed on November 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $558.8M $441.9M
YoY Change 26.46% 334.04%
Cost Of Revenue $418.9M $328.4M
YoY Change 27.53% 248.29%
Gross Profit $139.9M $113.4M
YoY Change 23.36% 1432.69%
Gross Profit Margin 25.04% 25.67%
Selling, General & Admin $24.70M $22.20M
YoY Change 11.26% 74.8%
% of Gross Profit 17.65% 19.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.31M $24.16M
YoY Change 33.69% 121.69%
% of Gross Profit 23.09% 21.31%
Operating Expenses $56.90M $46.50M
YoY Change 22.37% 97.03%
Operating Profit $82.25M $66.99M
YoY Change 22.77% -513.51%
Interest Expense $3.648M $3.326M
YoY Change 9.68% -337.57%
% of Operating Profit 4.44% 4.96%
Other Income/Expense, Net
YoY Change
Pretax Income $78.60M $63.70M
YoY Change 23.39% -464.0%
Income Tax $12.23M $0.00
% Of Pretax Income 15.56% 0.0%
Net Earnings $34.09M $63.66M
YoY Change -46.45% -463.79%
Net Earnings / Revenue 6.1% 14.41%
Basic Earnings Per Share $0.50
Diluted Earnings Per Share $0.49 $548.2K
COMMON SHARES
Basic Shares Outstanding 68.55M shares
Diluted Shares Outstanding 118.5M shares

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $87.10M $21.10M
YoY Change 312.8% 1072.22%
Cash & Equivalents $87.08M $21.15M
Short-Term Investments
Other Short-Term Assets $33.40M $23.20M
YoY Change 43.97% 700.0%
Inventory $55.84M $41.80M
Prepaid Expenses
Receivables $241.3M $260.0M
Other Receivables $4.200M $7.800M
Total Short-Term Assets $502.1M $354.0M
YoY Change 41.83% 203.86%
LONG-TERM ASSETS
Property, Plant & Equipment $583.9M $461.0M
YoY Change 26.67% 82.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.03M $6.100M
YoY Change 146.39% 2950.0%
Total Long-Term Assets $599.0M $467.1M
YoY Change 28.23% 85.06%
TOTAL ASSETS
Total Short-Term Assets $502.1M $354.0M
Total Long-Term Assets $599.0M $467.1M
Total Assets $1.101B $821.1M
YoY Change 34.09% 122.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $95.62M $92.50M
YoY Change 3.38% 237.59%
Accrued Expenses $107.6M $119.7M
YoY Change -10.11% 194.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $817.0K $0.00
YoY Change -100.0%
Total Short-Term Liabilities $204.8M $222.3M
YoY Change -7.86% 176.49%
LONG-TERM LIABILITIES
Long-Term Debt $106.3M $221.1M
YoY Change -51.94% 132.74%
Other Long-Term Liabilities $2.300M
YoY Change
Total Long-Term Liabilities $106.3M $221.1M
YoY Change -51.94% 132.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $204.8M $222.3M
Total Long-Term Liabilities $106.3M $221.1M
Total Liabilities $357.4M $443.4M
YoY Change -19.39% 152.79%
SHAREHOLDERS EQUITY
Retained Earnings $103.8M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $416.7M $377.7M
YoY Change
Total Liabilities & Shareholders Equity $1.101B $821.1M
YoY Change 34.09% 122.58%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $34.09M $63.66M
YoY Change -46.45% -463.79%
Depreciation, Depletion And Amortization $32.31M $24.16M
YoY Change 33.69% 121.69%
Cash From Operating Activities $114.4M $69.50M
YoY Change 64.6% -709.65%
INVESTING ACTIVITIES
Capital Expenditures -$46.20M -$47.20M
YoY Change -2.12% -224.54%
Acquisitions
YoY Change
Other Investing Activities $100.0K $800.0K
YoY Change -87.5% -101.49%
Cash From Investing Activities -$46.10M -$46.40M
YoY Change -0.65% 191.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -64.60M -2.600M
YoY Change 2384.62% -128.57%
NET CHANGE
Cash From Operating Activities 114.4M 69.50M
Cash From Investing Activities -46.10M -46.40M
Cash From Financing Activities -64.60M -2.600M
Net Change In Cash 3.700M 20.50M
YoY Change -81.95% -212.64%
FREE CASH FLOW
Cash From Operating Activities $114.4M $69.50M
Capital Expenditures -$46.20M -$47.20M
Free Cash Flow $160.6M $116.7M
YoY Change 37.62% -336.71%

Facts In Submission

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dei Document Period End Date
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2018-09-30
dei Document Type
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dei Entity Central Index Key
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dei Entity Filer Category
EntityFilerCategory
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dei Entity Registrant Name
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Liberty Oilfield Services Inc.
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0 USD
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106903000 USD
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1750000 USD
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1750000 USD
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145851000 USD
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31070000 USD
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223627000 USD
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0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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0 USD
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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181606000 USD
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0 USD
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53922000 USD
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62739000 USD
CY2017Q4 us-gaap Preferred Stock Value
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0 USD
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0 USD
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RevenueFromRelatedParties
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275700000 USD
us-gaap Proceeds From Issuance Of Common Stock
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0 USD
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230174000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
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171500000 USD
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0 USD
us-gaap Proceeds From Long Term Lines Of Credit
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110559000 USD
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0 USD
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60000000 USD
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1054000 USD
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3138000 USD
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649834000 USD
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CY2018Q3 us-gaap Purchase Obligation Due In Third Year
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119000 USD
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0 USD
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104000000 USD
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30000000 USD
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57000000 USD
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CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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0 USD
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CY2017Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
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436333000 USD
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1020291000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2017Q3 us-gaap Revenue From Related Parties
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5520000 USD
us-gaap Revenues
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1000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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0 USD
us-gaap Stock Redeemed Or Called During Period Value
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25897000 USD
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53922000 USD
CY2017Q4 us-gaap Stockholders Equity
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0 USD
CY2018Q3 us-gaap Stockholders Equity
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CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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392766000 USD
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401322000 USD
CY2017Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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42486000 USD
CY2018Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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0 USD
CY2017Q4 us-gaap Unbilled Receivables Current
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58784000 USD
CY2018Q3 us-gaap Unbilled Receivables Current
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80233000 USD
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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118470000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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118426000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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68548000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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68823000 shares

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