2022 Q4 Form 20-F Financial Statement

#000149315223046470 Filed on December 29, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q1 2022
Revenue $909.5M
YoY Change 3.74%
Cost Of Revenue $844.0M
YoY Change -3.42%
Gross Profit $65.48M
YoY Change 2254.48%
Gross Profit Margin 7.2%
Selling, General & Admin $47.53M
YoY Change 69.32%
% of Gross Profit 72.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $115.8M
YoY Change -5.14%
% of Gross Profit 176.92%
Operating Expenses $47.53M
YoY Change 69.32%
Operating Profit -$917.0K
YoY Change -97.88%
Interest Expense $34.13M
YoY Change 124.9%
% of Operating Profit
Other Income/Expense, Net $5.242M
YoY Change -352.87%
Pretax Income -$29.80M
YoY Change -50.81%
Income Tax $6.619M
% Of Pretax Income
Net Earnings -$36.42M
YoY Change -43.59%
Net Earnings / Revenue -4.0%
Basic Earnings Per Share -$0.39
Diluted Earnings Per Share -$0.39
COMMON SHARES
Basic Shares Outstanding 94.01M shares 92.96M shares
Diluted Shares Outstanding 92.96M shares

Balance Sheet

Concept 2022 Q4 2022 Q1 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $78.85M
YoY Change -61.68%
Cash & Equivalents $78.85M $78.85M
Short-Term Investments
Other Short-Term Assets $16.67M $51.27M
YoY Change 158.88% -4.31%
Inventory $110.5M $110.5M
Prepaid Expenses $337.0K
Receivables $148.7M $258.9M
Other Receivables $38.27M $38.27M
Total Short-Term Assets $537.8M $537.8M
YoY Change -14.27% -14.27%
LONG-TERM ASSETS
Property, Plant & Equipment $461.1M $491.0M
YoY Change 8.36% 15.4%
Goodwill $645.1M
YoY Change 0.0%
Intangibles $102.9M
YoY Change -15.38%
Long-Term Investments
YoY Change
Other Assets $51.47M $51.47M
YoY Change 339.68% 339.68%
Total Long-Term Assets $1.291B $1.291B
YoY Change 7.19% 7.19%
TOTAL ASSETS
Total Short-Term Assets $537.8M $537.8M
Total Long-Term Assets $1.291B $1.291B
Total Assets $1.828B $1.828B
YoY Change -0.16% -0.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $353.5M
YoY Change 12.39%
Accrued Expenses $6.263M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $89.89M $89.89M
YoY Change 14.77% 14.77%
Long-Term Debt Due $53.35M $55.62M
YoY Change 509.39% 322.81%
Total Short-Term Liabilities $544.1M $544.1M
YoY Change 25.98% 25.98%
LONG-TERM LIABILITIES
Long-Term Debt $391.9M $392.1M
YoY Change -22.98% -23.27%
Other Long-Term Liabilities $40.62M $89.86M
YoY Change 9.18% 53.51%
Total Long-Term Liabilities $432.5M $481.9M
YoY Change -20.79% -15.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $544.1M $544.1M
Total Long-Term Liabilities $432.5M $481.9M
Total Liabilities $1.026B $1.026B
YoY Change 1.56% 1.56%
SHAREHOLDERS EQUITY
Retained Earnings -$75.02M $2.800M
YoY Change 109.4%
Common Stock $877.3M
YoY Change 2.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $802.3M $802.3M
YoY Change
Total Liabilities & Shareholders Equity $1.828B $1.828B
YoY Change -0.16% -0.16%

Cashflow Statement

Concept 2022 Q4 2022 Q1 2022
OPERATING ACTIVITIES
Net Income -$36.42M
YoY Change -43.59%
Depreciation, Depletion And Amortization $115.8M
YoY Change -5.14%
Cash From Operating Activities $92.58M
YoY Change -27.53%
INVESTING ACTIVITIES
Capital Expenditures $122.4M
YoY Change 14.33%
Acquisitions
YoY Change
Other Investing Activities $7.552M
YoY Change -9.0%
Cash From Investing Activities -$146.7M
YoY Change -10.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $78.76M
YoY Change -78.12%
Cash From Financing Activities -$72.80M
YoY Change -143.45%
NET CHANGE
Cash From Operating Activities $92.58M
Cash From Investing Activities -$146.7M
Cash From Financing Activities -$72.80M
Net Change In Cash -$126.9M
YoY Change -197.06%
FREE CASH FLOW
Cash From Operating Activities $92.58M
Capital Expenditures $122.4M
Free Cash Flow -$29.84M
YoY Change -244.38%

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0
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
94012752 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
91366235 shares
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
877299000 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
856792000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-75020000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-35827000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
69000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
69000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
802348000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
821034000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
802348000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
821034000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1828327000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1831292000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
909517000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
876729000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
834152000 usd
CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
844039000 usd
CY2021 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
873948000 usd
CY2020 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
756245000 usd
CY2022 us-gaap Gross Profit
GrossProfit
65478000 usd
CY2021 us-gaap Gross Profit
GrossProfit
2781000 usd
CY2020 us-gaap Gross Profit
GrossProfit
77907000 usd
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
47530000 usd
CY2021 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
28071000 usd
CY2020 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
26812000 usd
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
18865000 usd
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
18042000 usd
CY2020 us-gaap Adjustment For Amortization
AdjustmentForAmortization
15817000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-917000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-43332000 usd
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
35278000 usd
CY2022 us-gaap Interest Expense
InterestExpense
34126000 usd
CY2021 us-gaap Interest Expense
InterestExpense
15174000 usd
CY2020 us-gaap Interest Expense
InterestExpense
15879000 usd
CY2020 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
557000 usd
CY2022 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
5242000 usd
CY2021 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-2073000 usd
CY2020 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
9139000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-29801000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-60579000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29095000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6619000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3989000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12540000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-36420000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-64568000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
16555000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-36420000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-64568000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
16555000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92962048 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91043830 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88845601 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92962048 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91043830 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89117876 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.39
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.71
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.39
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.71
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2022 us-gaap Profit Loss
ProfitLoss
-36420000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-64568000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
16555000 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
5000 usd
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
35000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-36420000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-64563000 usd
CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
16590000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-36420000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-64563000 usd
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
16590000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
821034000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
9269000 usd
CY2022 NESR Current Expected Credit Loss Accounting Standard Adoption Value
CurrentExpectedCreditLossAccountingStandardAdoptionValue
-2773000 usd
CY2022 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
11238000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-36420000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
802348000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
859943000 usd
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
9759000 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
17569000 usd
CY2021 NESR Acquisition Of Noncontrolling Interest During Period
AcquisitionOfNoncontrollingInterestDuringPeriod
-1674000 usd
CY2021 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
5000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-64568000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
821034000 usd
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
835157000 usd
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
835157000 usd
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
7832000 usd
CY2020 NESR Conversion Of Private Warrants To Public Warrants
ConversionOfPrivateWarrantsToPublicWarrants
372000 usd
CY2020 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
27000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
16555000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
859943000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
859943000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-36420000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-64568000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
16555000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
115845000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
122125000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
120724000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
9269000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
9759000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
7832000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
60000 usd
CY2021 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-333000 usd
CY2020 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-3959000 usd
CY2022 NESR Noncash Interest Expense
NoncashInterestExpense
8087000 usd
CY2021 NESR Noncash Interest Expense
NoncashInterestExpense
3041000 usd
CY2020 NESR Noncash Interest Expense
NoncashInterestExpense
-258000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-10261000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-12140000 usd
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3241000 usd
CY2022 NESR Allowance For Reversal Of Doubtful Receivables
AllowanceForReversalOfDoubtfulReceivables
8185000 usd
CY2021 NESR Allowance For Reversal Of Doubtful Receivables
AllowanceForReversalOfDoubtfulReceivables
1114000 usd
CY2020 NESR Allowance For Reversal Of Doubtful Receivables
AllowanceForReversalOfDoubtfulReceivables
261000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
100000 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
3610000 usd
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
1071000 usd
CY2021 NESR Earnouts On Business Combinations
EarnoutsOnBusinessCombinations
-1767000 usd
CY2020 NESR Earnouts On Business Combinations
EarnoutsOnBusinessCombinations
9619000 usd
CY2020 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
557000 usd
CY2022 NESR Loss Gain On Buyer Stock Adjustment
LossGainOnBuyerStockAdjustment
4236000 usd
CY2022 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
837000 usd
CY2021 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-75000 usd
CY2020 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
579000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
29252000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8289000 usd
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2621000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
1704000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-56088000 usd
CY2020 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
76464000 usd
CY2022 NESR Increase Decrease In Retention Withholdings
IncreaseDecreaseInRetentionWithholdings
-6837000 usd
CY2021 NESR Increase Decrease In Retention Withholdings
IncreaseDecreaseInRetentionWithholdings
4000000 usd
CY2020 NESR Increase Decrease In Retention Withholdings
IncreaseDecreaseInRetentionWithholdings
-6013000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
16756000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3236000 usd
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
11868000 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-6164000 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
884000 usd
CY2020 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-503000 usd
CY2022 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
13711000 usd
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
16717000 usd
CY2020 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
236000 usd
CY2022 NESR Increase Decrease In Other Long Term Assets And Liabilities
IncreaseDecreaseInOtherLongTermAssetsAndLiabilities
-6075000 usd
CY2021 NESR Increase Decrease In Other Long Term Assets And Liabilities
IncreaseDecreaseInOtherLongTermAssetsAndLiabilities
-8854000 usd
CY2020 NESR Increase Decrease In Other Long Term Assets And Liabilities
IncreaseDecreaseInOtherLongTermAssetsAndLiabilities
-1526000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
33651000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
31221000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
79343000 usd
CY2022 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
9926000 usd
CY2021 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-260000 usd
CY2020 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
951000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
92576000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
127743000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
134453000 usd
CY2022 NESR Payments Of Capital Expenditures
PaymentsOfCapitalExpenditures
122415000 usd
CY2021 NESR Payments Of Capital Expenditures
PaymentsOfCapitalExpenditures
107076000 usd
CY2020 NESR Payments Of Capital Expenditures
PaymentsOfCapitalExpenditures
82632000 usd
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
17367000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
626000 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2760000 usd
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
487000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
51921000 usd
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
13218000 usd
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
7552000 usd
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
8299000 usd
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1074000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-146708000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-164536000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-96437000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3194000 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
527488000 usd
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
15000000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
78755000 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
360000000 usd
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
25972000 usd
CY2022 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
139482000 usd
CY2021 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
123787000 usd
CY2020 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
66449000 usd
CY2022 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
119165000 usd
CY2021 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
78983000 usd
CY2020 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
68302000 usd
CY2022 NESR Payments On Capital Leases
PaymentsOnCapitalLeases
3108000 usd
CY2021 NESR Payments On Capital Leases
PaymentsOnCapitalLeases
21361000 usd
CY2020 NESR Payments On Capital Leases
PaymentsOnCapitalLeases
19581000 usd
CY2022 NESR Payments On Sellerprovided Financing For Capital Expenditures
PaymentsOnSellerprovidedFinancingForCapitalExpenditures
14443000 usd
CY2021 NESR Payments On Sellerprovided Financing For Capital Expenditures
PaymentsOnSellerprovidedFinancingForCapitalExpenditures
15333000 usd
CY2020 NESR Payments On Sellerprovided Financing For Capital Expenditures
PaymentsOnSellerprovidedFinancingForCapitalExpenditures
3834000 usd
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-8054000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-72795000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
167544000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-36240000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9000 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
35000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-126919000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
130760000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1811000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
205772000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
75012000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
73201000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
78853000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
205772000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
75012000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
19236000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
9890000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
13051000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10989000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
12777000 usd
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
15641000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_808_eus-gaap--NatureOfOperations_zbb15lJ2FmS7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 27.5pt; text-align: justify; text-indent: -27.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="ss_042"></span>1. <span id="xdx_82E_zaCqPXuj6uJ5">DESCRIPTION OF BUSINESS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 27.5pt; text-align: justify; text-indent: -27.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">National Energy Services Reunited Corp. (“NESR,” the “Company,” “we,” “our,” “us” or similar terms), a British Virgin Islands corporation headquartered in Houston, Texas, is one of the largest oilfield services providers in the Middle East North Africa (“MENA”) region.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Formed in January 2017, NESR started as a special purpose acquisition company (“SPAC”) designed to invest in the oilfield services space globally. NESR filed a registration statement for its initial public offering in May 2017. In November 2017, NESR announced the acquisition of two oilfield services companies in the MENA region: NPS Holdings Limited (“NPS”) and Gulf Energy S.A.O.C. (“GES” and, together with NPS, the “Subsidiaries,” or the “NPS/GES Business Combination”). The formation of NESR as an operating entity was completed on June 7, 2018, after the transactions were approved by the NESR shareholders. On June 1, 2020, NESR further expanded its footprint within the MENA region when its NPS subsidiary acquired Sahara Petroleum Services Company S.A.E. (“SAPESCO,” the “SAPESCO Business Combination”). On May 5, 2021, NESR again expanded its footprint within the MENA region when its NPS subsidiary acquired specific oilfield service lines of Action Energy Company W.L.L. (“Action,” the “Action Business Combination”). On July 1, 2022, NESR acquired a minority stake in W. D. Von Gonten Engineering LLC (“WDVGE” or the “WDVGE Investment”), a premier Reservoir Characterization and Geological &amp; Geophysical (“G&amp;G”) laboratory and consulting business formed from the merger of W. D. Von Gonten Laboratories LLC and W. D. Von Gonten &amp; Co. Petroleum Engineering Consulting.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">NESR’s revenues are primarily derived by providing production services (“Production Services”) such as hydraulic fracturing, coil tubing, stimulation and pumping, cementing, nitrogen services, filtration services, pipelines and industrial services, production assurance, artificial lift services, and completions. NESR also provides drilling and evaluation services (“Drilling and Evaluation Services”) such as rigs and integrated services, fishing and downhole tools, thru-tubing intervention, tubular running services, directional drilling, drilling fluids, pressure control, well testing services, wireline logging services, and slickline services. NESR has significant operations throughout the MENA region including Saudi Arabia, Oman, Kuwait, United Arab Emirates, Algeria, Egypt, Libya and Qatar.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 27.5pt; text-align: justify; text-indent: -27.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Basis Of Accounting
BasisOfAccounting
<p id="xdx_804_eus-gaap--BasisOfAccounting_zPkLON0DIZp6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 27.5pt; text-align: justify; text-indent: -27.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="ss_043"></span>2. <span id="xdx_829_z62STNbrITIe">BASIS OF PRESENTATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 27.5pt; text-align: justify; text-indent: -27.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). All amounts are shown in U.S. dollars, except as noted.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Use of estimates</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’s significant estimates include estimates made towards the purchase price allocations for the acquisitions of SAPESCO and Action, estimates made in valuing the WDVGE Investment, allowance for credit losses, evaluation for impairment of property, plant and equipment, evaluation for impairment of goodwill and intangible assets, evaluation for impairment of cost and equity method investments, estimated useful life of property, plant, and equipment and intangible assets, provision for inventories obsolescence, unrecognized tax benefits, recoverability of deferred tax assets, contingencies, and actuarial assumptions in employee benefit plans.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from the estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 27.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 NESR Change In Shares Sapesconesr Ordinary Share Consideration Issued
ChangeInSharesSAPESCONESROrdinaryShareConsiderationIssued
1650000 shares
CY2021 NESR Change In Shares Sapesconesr Ordinary Share Consideration Issued
ChangeInSharesSAPESCONESROrdinaryShareConsiderationIssued
2237000 shares
CY2021 NESR Change In Shares Sapesco Additional Earnout Shares Issued
ChangeInSharesSAPESCOAdditionalEarnoutSharesIssued
145039 shares
CY2020Q4 NESR Finance Leases Liability Current
FinanceLeasesLiabilityCurrent
2200000 usd
CY2020Q4 NESR Finance Leases Liability Noncurrent
FinanceLeasesLiabilityNoncurrent
4700000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_840_eus-gaap--ConcentrationRiskCreditRisk_zAUr1mOhJklc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_86D_z5kTnb1YF2ti">Concentration of credit risk</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s assets that are exposed to concentrations of credit risk consist primarily of cash, accounts receivable from customers, unbilled revenue from customers, and retention withholdings. The Company places its cash with financial institutions and limits the amount of credit exposure with any one of them. The Company regularly evaluates the creditworthiness of the issuers in which it invests. The Company minimizes this credit risk by entering into transactions with high-quality counterparties, limiting the exposure to each counterparty and monitoring the financial condition of its counterparties.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2800000 usd
CY2020Q4 us-gaap Assets Current
AssetsCurrent
511158000 usd
CY2022 us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0 pure
CY2021 us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0 pure
CY2020 us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0 pure
CY2022 NESR Capitalized Investments
CapitalizedInvestments
0.0 usd
CY2021 NESR Capitalized Investments
CapitalizedInvestments
0.0 usd
CY2020 NESR Capitalized Investments
CapitalizedInvestments
0.0 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
17400000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
0.0 usd
CY2020Q4 us-gaap Assets
Assets
1686541000 usd
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
435872000 usd
CY2020Q4 us-gaap Liabilities
Liabilities
826598000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
859943000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
834152000 usd
CY2020 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
756245000 usd
CY2020 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
26812000 usd
CY2020 NESR Gain Loss On Warrant Liability
GainLossOnWarrantLiability
557000 usd
CY2022 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<p id="xdx_845_eus-gaap--DerivativesReportingOfDerivativeActivity_z0tiK5w6OwSa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_86D_zJZOAE8rqdt7">Derivative financial instruments</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as an embedded derivative. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as other income (expense).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29095000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12540000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
16555000 usd
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
16590000 usd
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
28741000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
859943000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
134453000 usd
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
885671000 usd
CY2020 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
855409000 usd
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-64529000 usd
CY2020 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
15325000 usd
CY2022 NESR Business Acquisition Pro Forma Net Income Loss
BusinessAcquisitionProFormaNetIncomeLoss
6200000 usd
CY2021 NESR Business Acquisition Pro Forma Net Income Loss
BusinessAcquisitionProFormaNetIncomeLoss
3900000 usd
CY2022 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
266611 shares
CY2022 NESR Allowance For Doubtful Accounts Receivable Accounting Standard Adoption
AllowanceForDoubtfulAccountsReceivableAccountingStandardAdoption
-2773000 usd
CY2022 NESR Allowance For Doubtful Accounts Receivable Additional Allowance
AllowanceForDoubtfulAccountsReceivableAdditionalAllowance
-8185000 usd
CY2021 NESR Allowance For Doubtful Accounts Receivable Additional Allowance
AllowanceForDoubtfulAccountsReceivableAdditionalAllowance
-769000 usd
CY2020 NESR Allowance For Doubtful Accounts Receivable Additional Allowance
AllowanceForDoubtfulAccountsReceivableAdditionalAllowance
-261000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
346000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
439000 usd
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
382000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
12664000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2052000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
909517000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
876729000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
834152000 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
161373000 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
132467000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
12664000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2052000 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
148709000 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
130415000 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
161400000 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
132500000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2052000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1722000 usd
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1843000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1722000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
9400000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
110521000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
93864000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
323325000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
233609000 usd
CY2022Q4 us-gaap Land
Land
11664000 usd
CY2021Q4 us-gaap Land
Land
11664000 usd
CY2022Q4 NESR Capital Work In Progress
CapitalWorkInProgress
11324000 usd
CY2021Q4 NESR Capital Work In Progress
CapitalWorkInProgress
8935000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
461061000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
425506000 usd
CY2022 us-gaap Depreciation
Depreciation
97000000.0 usd
CY2021 us-gaap Depreciation
Depreciation
104100000 usd
CY2020 us-gaap Depreciation
Depreciation
104800000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
645095000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
645095000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P9Y8M12D
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
179440000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
76526000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
102914000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
179440000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
57824000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
121616000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
18600000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
18600000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
18600000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
16800000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
15400000 usd
CY2022 NESR Buyer Stock Adjustment Amount
BuyerStockAdjustmentAmount
0 usd
CY2022 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
14200000 usd
CY2021 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
7600000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0739 pure
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0588 pure
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6967000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3595000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
390000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
7142000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
136818000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
54000 usd
CY2022 us-gaap Lease Cost
LeaseCost
147891000 usd
CY2021 us-gaap Payments For Rent
PaymentsForRent
134100000 usd
CY2020 us-gaap Payments For Rent
PaymentsForRent
144100000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
29970000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6263000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
25051000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
7176000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2268000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
192000 usd
CY2021Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
6600000 usd
CY2021Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
4400000 usd
CY2021Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
2200000 usd
CY2022 NESR Operating Cash Flows From Operating Leases
OperatingCashFlowsFromOperatingLeases
6662000 usd
CY2022 NESR Operating Cash Flows From Finance Leases
OperatingCashFlowsFromFinanceLeases
390000 usd
CY2022 NESR Financing Cash Flows From Finance Leases
FinancingCashFlowsFromFinanceLeases
3108000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1945000 usd
CY2022 NESR Derecognition Of Prepaid Rent
DerecognitionOfPrepaidRent
683000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y3M14D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y4M6D
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
2402000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5383000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
203000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4958000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2972000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2567000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
34481000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
57328000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2605000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
26014000 usd
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
145000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
31314000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2460000 usd
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
5000000.0 usd
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
2700000 usd
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
2000000.0 usd
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
1200000 usd
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
1300000 usd
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
2800000 usd
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
4385000 usd
CY2021Q4 NESR Finance Lease Liability Inerest Payments Due Next Twelve Months
FinanceLeaseLiabilityInerestPaymentsDueNextTwelveMonths
536000 usd
CY2021Q4 NESR Finance Lease Liabilities Payments Due Next Twelve Months
FinanceLeaseLiabilitiesPaymentsDueNextTwelveMonths
4921000 usd
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
2247000 usd
CY2021Q4 NESR Finance Lease Liability Interest Payments Due Year Two
FinanceLeaseLiabilityInterestPaymentsDueYearTwo
195000 usd
CY2021Q4 NESR Finance Lease Liabilities Payments Due Year Two
FinanceLeaseLiabilitiesPaymentsDueYearTwo
2442000 usd
CY2021Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
6632000 usd
CY2021Q4 NESR Finance Lease Liability Interest Payments Due
FinanceLeaseLiabilityInterestPaymentsDue
731000 usd
CY2021Q4 NESR Finance Leases Liability
FinanceLeasesLiability
7363000 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
6727000 usd
CY2021Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
9983000 usd
CY2022Q4 NESR Long Term Debt1
LongTermDebt1
445215000 usd
CY2021Q4 NESR Long Term Debt1
LongTermDebt1
517519000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
53352000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
8755000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
391863000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
508764000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8600000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
10500000 usd
CY2022 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0764 pure
CY2021 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0296 pure
CY2022Q4 NESR Working Capital Facility
WorkingCapitalFacility
350000000.0 usd
CY2021Q4 NESR Working Capital Facility
WorkingCapitalFacility
350000000.0 usd
CY2022Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
91747000 usd
CY2021Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
78807000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1862000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
488000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
89885000 usd
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
78319000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
53345000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
66097000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
74500000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
64500000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
193500000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
451942000 usd
CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
27410000 usd
CY2020Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
24941000 usd
CY2022 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-1128000 usd
CY2021 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-69000 usd
CY2022 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
4876000 usd
CY2021 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
4545000 usd
CY2022 NESR Defined Benefit Plans Interest Cost
DefinedBenefitPlansInterestCost
675000 usd
CY2021 NESR Defined Benefit Plans Interest Cost
DefinedBenefitPlansInterestCost
482000 usd
CY2022 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
3519000 usd
CY2021 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
3021000 usd
CY2021 us-gaap Defined Benefit Plan Business Combinations And Acquisitions Benefit Obligation
DefinedBenefitPlanBusinessCombinationsAndAcquisitionsBenefitObligation
532000 usd
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
28314000 usd
CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
27410000 usd
CY2022Q4 NESR Defined Benefit Plan Benefit Obligation Current
DefinedBenefitPlanBenefitObligationCurrent
3932000 usd
CY2021Q4 NESR Defined Benefit Plan Benefit Obligation Current
DefinedBenefitPlanBenefitObligationCurrent
3876000 usd
CY2022Q4 NESR Defined Benefit Plan Benefit Obligation Non Current
DefinedBenefitPlanBenefitObligationNonCurrent
24382000 usd
CY2021Q4 NESR Defined Benefit Plan Benefit Obligation Non Current
DefinedBenefitPlanBenefitObligationNonCurrent
23534000 usd
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
28314000 usd
CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
27410000 usd
CY2022 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
3519000 usd
CY2021 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
3021000 usd
CY2022 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
3519000 usd
CY2021 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
3021000 usd
CY2022Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
28314000 usd
CY2021Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
27410000 usd
CY2022 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
4876000 usd
CY2021 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
4545000 usd
CY2020 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3487000 usd
CY2022 NESR Defined Benefit Plans Interest Cost
DefinedBenefitPlansInterestCost
675000 usd
CY2021 NESR Defined Benefit Plans Interest Cost
DefinedBenefitPlansInterestCost
482000 usd
CY2020 NESR Defined Benefit Plans Interest Cost
DefinedBenefitPlansInterestCost
583000 usd
CY2022 NESR Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost
DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCost
-1128000 usd
CY2021 NESR Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost
DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCost
-69000 usd
CY2020 NESR Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost
DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCost
2243000 usd
CY2022 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
4423000 usd
CY2021 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
4958000 usd
CY2020 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
6313000 usd
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0500 pure
CY2021Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0225 pure
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0225 pure
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0175 pure
CY2022 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Service And Interest Cost Components1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1
1720000 usd
CY2022 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents
1529000 usd
CY2022Q4 NESR Defined Benefit Plan Accumulated Benefit Obligation1
DefinedBenefitPlanAccumulatedBenefitObligation1
15800000 usd
CY2021Q4 NESR Defined Benefit Plan Accumulated Benefit Obligation1
DefinedBenefitPlanAccumulatedBenefitObligation1
15600000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
5232000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
4952000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
4704000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
4776000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
4671000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
21525000 usd
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
3800000 usd
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
3700000 usd
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
3300000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
8726000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
183000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-4151000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-21075000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-60396000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
33246000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-29801000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-60579000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29095000 usd
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
4644000 usd
CY2021Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
4252000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
26514000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
18056000 usd
CY2021Q4 NESR Temporary Differences Due To Restatement Of Deferred Tax Assets
TemporaryDifferencesDueToRestatementOfDeferredTaxAssets
5166000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
31158000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
27474000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
10042000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8582000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
21116000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
18892000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
4335000 usd
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
4086000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
15408000 usd
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
18528000 usd
CY2020Q4 NESR Temporary Differences Due To Restatement Of Deferred Tax Liablilities
TemporaryDifferencesDueToRestatementOfDeferredTaxLiablilities
-5166000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
19743000 usd
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
27780000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1373000 usd
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
8888000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
257000000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
10000000.0 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8600000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1500000 usd
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
400000 usd
CY2022 NESR Valuation Allowance Deferred Tax Asset Change In Movement Amount
ValuationAllowanceDeferredTaxAssetChangeInMovementAmount
1800000 usd
CY2022 NESR Utilization Of Valuation Allowance
UtilizationOfValuationAllowance
300000 usd
CY2021 NESR Valuation Allowance Deferred Tax Asset Change In Movement Amount
ValuationAllowanceDeferredTaxAssetChangeInMovementAmount
1500000 usd
CY2021 NESR Utilization Of Valuation Allowance
UtilizationOfValuationAllowance
1100000 usd
CY2022Q4 NESR Unrecognized Tax Benefits Disallowances
UnrecognizedTaxBenefitsDisallowances
24000000.0 usd
CY2021Q4 NESR Unrecognized Tax Benefits Disallowances
UnrecognizedTaxBenefitsDisallowances
18300000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
4300000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
4100000 usd
CY2022Q4 NESR Unrecognized Tax Benefits Property Plant And Equipment
UnrecognizedTaxBenefitsPropertyPlantAndEquipment
3600000 usd
CY2021Q4 NESR Unrecognized Tax Benefits Property Plant And Equipment
UnrecognizedTaxBenefitsPropertyPlantAndEquipment
3600000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-1498000 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-6981000 usd
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
5510000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-997000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1391000 usd
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3300000 usd
CY2022 NESR Unrecognized Tax Benefit
UnrecognizedTaxBenefit
9577000 usd
CY2021 NESR Unrecognized Tax Benefit
UnrecognizedTaxBenefit
10576000 usd
CY2020 NESR Unrecognized Tax Benefit
UnrecognizedTaxBenefit
4936000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6619000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3989000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12540000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0 pure
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
800000 usd
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
400000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
61100000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
51000000.0 usd
CY2022Q4 NESR Unrecognized Tax Benefits Excluding Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsExcludingIncomeTaxPenaltiesAndInterestAccrued
2900000 usd
CY2021Q4 NESR Unrecognized Tax Benefits Excluding Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsExcludingIncomeTaxPenaltiesAndInterestAccrued
2000000.0 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
64000000.0 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
51002000 usd
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
33336000 usd
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
24974000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
16953000 usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
26916000 usd
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
311000 usd
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
27000 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
5485000 usd
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
8512000 usd
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
762000 usd
CY2022 NESR Settlement Of Tax Positions
SettlementOfTaxPositions
1355000 usd
CY2021 NESR Settlement Of Tax Positions
SettlementOfTaxPositions
1049000 usd
CY2020 NESR Settlement Of Tax Positions
SettlementOfTaxPositions
1728000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
61115000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
51002000 usd
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
33336000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
38400000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
36700000 usd
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
26400000 usd
CY2021Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
40100000 usd
CY2022Q4 NESR Surety Bonds And Other Bank Issued Guarantees
SuretyBondsAndOtherBankIssuedGuarantees
132400000 usd
CY2021Q4 NESR Surety Bonds And Other Bank Issued Guarantees
SuretyBondsAndOtherBankIssuedGuarantees
105600000 usd
CY2022Q4 NESR Cash Margin Guarantees
CashMarginGuarantees
3600000 usd
CY2021Q4 NESR Cash Margin Guarantees
CashMarginGuarantees
4400000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
2000000.0 usd
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
2000000.0 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9269000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9759000 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7832000 usd
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
94012752 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
91366235 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 NESR Weighted Average Ordinary Shares Outstanding
WeightedAverageOrdinarySharesOutstanding
91366235 shares
CY2022 NESR Change In Shares Restricted Stock Vesting
ChangeInSharesRestrictedStockVesting
32868 shares
CY2022 NESR Weighted Average Ordinary Shares Outstanding Restricted Stock Vesting
WeightedAverageOrdinarySharesOutstandingRestrictedStockVesting
28005 shares
CY2022 NESR Change In Shares Restricted Stock Vesting One
ChangeInSharesRestrictedStockVestingOne
279493 shares
CY2022 NESR Weighted Average Ordinary Shares Outstanding Restricted Stock Vesting One
WeightedAverageOrdinarySharesOutstandingRestrictedStockVestingOne
222063 shares
CY2022 NESR Change In Shares Restricted Stock Vesting Two
ChangeInSharesRestrictedStockVestingTwo
74000 shares
CY2022 NESR Weighted Average Ordinary Shares Outstanding Restricted Stock Vesting Two
WeightedAverageOrdinarySharesOutstandingRestrictedStockVestingTwo
58592 shares
CY2022 NESR Change In Shares Restricted Stock Vesting Three
ChangeInSharesRestrictedStockVestingThree
242727 shares
CY2022 NESR Weighted Average Ordinary Shares Outstanding Restricted Stock Vesting Three
WeightedAverageOrdinarySharesOutstandingRestrictedStockVestingThree
191522 shares
CY2022 NESR Change In Shares Restricted Stock Vesting Four
ChangeInSharesRestrictedStockVestingFour
316775 shares
CY2022 NESR Weighted Average Ordinary Shares Outstanding Restricted Stock Vesting Four
WeightedAverageOrdinarySharesOutstandingRestrictedStockVestingFour
249081 shares
CY2022 NESR Change In Shares Ordinary Share Consideration One
ChangeInSharesOrdinaryShareConsiderationOne
1650000 shares
CY2022 NESR Weighted Average Ordinary Shares Outstanding Ordinary Share Consideration One
WeightedAverageOrdinarySharesOutstandingOrdinaryShareConsiderationOne
827260 shares
CY2022 NESR Change In Shares Restricted Stock Vesting Five
ChangeInSharesRestrictedStockVestingFive
50654 shares
CY2022 NESR Weighted Average Ordinary Shares Outstanding Restricted Stock Vesting Five
WeightedAverageOrdinarySharesOutstandingRestrictedStockVestingFive
19290 shares
CY2022Q4 NESR Weighted Average Ordinary Shares Outstanding
WeightedAverageOrdinarySharesOutstanding
92962048 shares
CY2020Q4 NESR Weighted Average Ordinary Shares Outstanding Beginning
WeightedAverageOrdinarySharesOutstandingBeginning
87777553 shares
CY2021 NESR Change In Shares Ordinary Share Consideration
ChangeInSharesOrdinaryShareConsideration
2237000 shares
CY2021 NESR Weighted Average Ordinary Shares Outstanding Ordinary Share Consideration
WeightedAverageOrdinarySharesOutstandingOrdinaryShareConsideration
2237000 shares
CY2021 NESR Change In Shares Additional Earn Out Shares
ChangeInSharesAdditionalEarnOutShares
145039 shares
CY2021 NESR Weighted Average Ordinary Shares Outstanding Additional Earnout Shares
WeightedAverageOrdinarySharesOutstandingAdditionalEarnoutShares
145039 shares
CY2021 NESR Change In Shares Restricted Stock Vesting
ChangeInSharesRestrictedStockVesting
87905 shares
CY2021 NESR Weighted Average Ordinary Shares Outstanding Restricted Stock Vesting
WeightedAverageOrdinarySharesOutstandingRestrictedStockVesting
74900 shares
CY2021 NESR Change In Shares Restricted Stock Vesting One
ChangeInSharesRestrictedStockVestingOne
316781 shares
CY2021 NESR Weighted Average Ordinary Shares Outstanding Restricted Stock Vesting One
WeightedAverageOrdinarySharesOutstandingRestrictedStockVestingOne
251689 shares
CY2021 NESR Change In Shares Restricted Stock Vesting Two
ChangeInSharesRestrictedStockVestingTwo
288329 shares
CY2021 NESR Weighted Average Ordinary Shares Outstanding Restricted Stock Vesting Two
WeightedAverageOrdinarySharesOutstandingRestrictedStockVestingTwo
227503 shares
CY2021 NESR Change In Shares Contingently Issuable Shares Contingency Resolved
ChangeInSharesContingentlyIssuableSharesContingencyResolved
150434 shares
CY2021 NESR Weighted Average Ordinary Shares Outstanding Contingently Issuable Shares
WeightedAverageOrdinarySharesOutstandingContingentlyIssuableShares
150434 shares
CY2021 NESR Change In Shares Contingently Issuable Shares Contingency Resolved One
ChangeInSharesContingentlyIssuableSharesContingencyResolvedOne
113215 shares
CY2021 NESR Weighted Average Ordinary Shares Outstanding Contingently Issuable Shares One
WeightedAverageOrdinarySharesOutstandingContingentlyIssuableSharesOne
85299 shares
CY2021 NESR Change In Shares Contingently Issuable Share Contingency Resolved
ChangeInSharesContingentlyIssuableShareContingencyResolved
2962 shares
CY2021 NESR Weighted Average Ordinary Shares Outstanding Contingently Issuable Share
WeightedAverageOrdinarySharesOutstandingContingentlyIssuableShare
1672 shares
CY2021 NESR Change In Shares Restricted Stock Vesting Three
ChangeInSharesRestrictedStockVestingThree
242017 shares
CY2021 NESR Weighted Average Ordinary Shares Outstanding Restricted Stock Vesting Three
WeightedAverageOrdinarySharesOutstandingRestrictedStockVestingThree
92166 shares
CY2021 NESR Change In Shares Restricted Stock Vesting Four
ChangeInSharesRestrictedStockVestingFour
5000 shares
CY2021 NESR Weighted Average Ordinary Shares Outstanding Restricted Stock Vesting Four
WeightedAverageOrdinarySharesOutstandingRestrictedStockVestingFour
575 shares
CY2021Q4 NESR Weighted Average Ordinary Shares Outstanding Ending
WeightedAverageOrdinarySharesOutstandingEnding
91043830 shares
CY2019Q4 NESR Weighted Average Ordinary Shares Outstanding Contingently Issuable Shares Value
WeightedAverageOrdinarySharesOutstandingContingentlyIssuableSharesValue
87187289 shares
CY2020 NESR Change In Shares Restricted Stock Vesting
ChangeInSharesRestrictedStockVesting
307932 shares
CY2020 NESR Weighted Average Ordinary Shares Outstanding Restricted Stock Vesting
WeightedAverageOrdinarySharesOutstandingRestrictedStockVesting
242307 shares
CY2020 NESR Change In Shares Contingently Issuable Shares Contingency Resolved
ChangeInSharesContingentlyIssuableSharesContingencyResolved
2237000 shares
CY2020 NESR Weighted Average Ordinary Shares Outstanding Shares To Be Issued In Sapesco Transaction
WeightedAverageOrdinarySharesOutstandingSharesToBeIssuedInSapescoTransaction
1307973 shares
CY2020 NESR Change In Shares Restricted Stock Vesting One
ChangeInSharesRestrictedStockVestingOne
282332 shares
CY2020 NESR Weighted Average Ordinary Shares Outstanding Restricted Stock Vesting One
WeightedAverageOrdinarySharesOutstandingRestrictedStockVestingOne
107224 shares
CY2020 NESR Change In Shares Contingently Issuable Shares Contingency Resolved One
ChangeInSharesContingentlyIssuableSharesContingencyResolvedOne
295473 shares
CY2020 NESR Weighted Average Ordinary Shares Outstanding Shares To Be Issued In Sapesco Transaction One
WeightedAverageOrdinarySharesOutstandingSharesToBeIssuedInSapescoTransactionOne
808 shares
CY2020Q4 NESR Weighted Average Ordinary Shares Outstanding Contingently Issuable Shares Value
WeightedAverageOrdinarySharesOutstandingContingentlyIssuableSharesValue
88845601 shares
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-36420000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92962048 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.39
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-64568000 usd
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91043830 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.71
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16555000 usd
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88845601 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2020 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
272275000 shares
CY2022 NESR Net Income Loss Available To Common Stockholders Antidilution Sequencing
NetIncomeLossAvailableToCommonStockholdersAntidilutionSequencing
-36420000 usd
CY2022 NESR Weighted Average Number Of Shares Outstanding Antidilution Sequencing
WeightedAverageNumberOfSharesOutstandingAntidilutionSequencing
92962048 shares
CY2022 NESR Earnings Per Share Antidilution Sequencing
EarningsPerShareAntidilutionSequencing
-0.39
CY2021 NESR Net Income Loss Available To Common Stockholders Antidilution Sequencing
NetIncomeLossAvailableToCommonStockholdersAntidilutionSequencing
-64568000 usd
CY2021 NESR Weighted Average Number Of Shares Outstanding Antidilution Sequencing
WeightedAverageNumberOfSharesOutstandingAntidilutionSequencing
91043830 shares
CY2021 NESR Earnings Per Share Antidilution Sequencing
EarningsPerShareAntidilutionSequencing
-0.71
CY2020 NESR Net Income Loss Available To Common Stockholders Antidilution Sequencing
NetIncomeLossAvailableToCommonStockholdersAntidilutionSequencing
16555000 usd
CY2020 NESR Weighted Average Number Of Shares Outstanding Antidilution Sequencing
WeightedAverageNumberOfSharesOutstandingAntidilutionSequencing
89117876 shares
CY2020 NESR Earnings Per Share Antidilution Sequencing
EarningsPerShareAntidilutionSequencing
0.19
CY2020 NESR Net Income Loss Available To Common Stockholders Decrease Increase In Fair Value Of Warrants
NetIncomeLossAvailableToCommonStockholdersDecreaseIncreaseInFairValueOfWarrants
-557000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-36420000 usd
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92962048 shares
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.39
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-64568000 usd
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91043830 shares
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.71
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
15998000 usd
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89117876 shares
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2019Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
557000 usd
CY2022 NESR Initial Accounting For Buyer Stock Adjustment Amount Derivative Liability
InitialAccountingForBuyerStockAdjustmentAmountDerivativeLiability
-4236000 usd
CY2022 NESR Change In Buyer Stock Adjustment Amount Derivative Liability
ChangeInBuyerStockAdjustmentAmountDerivativeLiability
4236000 usd
CY2020 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
557000 usd
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segments
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
909517000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
876729000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
834152000 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
461061000 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
425506000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-917000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-43332000 usd
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
35278000 usd
CY2022 us-gaap Interest Expense
InterestExpense
34126000 usd
CY2021 us-gaap Interest Expense
InterestExpense
15174000 usd
CY2020 us-gaap Interest Expense
InterestExpense
15879000 usd
CY2020 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
557000 usd
CY2022 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
5242000 usd
CY2021 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-2073000 usd
CY2020 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
9139000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-29801000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-60579000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29095000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
909517000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
876729000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
834152000 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
461061000 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
425506000 usd

Files In Submission

Name View Source Status
nesr-20221231_lab.xml Edgar Link unprocessable
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