$PTEN
PATTERSON UTI ENERGY INC

2013 Q4 Form 10-Q Financial Statement

#000119312513412386 Filed on October 28, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $658.8M $730.9M $643.6M
YoY Change 0.92% 13.56% -4.48%
Cost Of Revenue $426.1M $447.4M $397.4M
YoY Change 5.29% 12.58% -4.54%
Gross Profit $232.7M $283.5M $246.2M
YoY Change -6.21% 15.15% -4.39%
Gross Profit Margin 35.32% 38.79% 38.25%
Selling, General & Admin $18.60M $19.58M $17.22M
YoY Change 14.81% 13.69% 7.93%
% of Gross Profit 7.99% 6.91% 7.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $183.1M $140.8M $142.4M
YoY Change 37.88% -1.12% 28.64%
% of Gross Profit 78.69% 49.66% 57.84%
Operating Expenses $201.7M $19.58M $17.22M
YoY Change 35.46% 13.69% 7.93%
Operating Profit $31.00M $124.6M $88.59M
YoY Change -68.75% 40.59% -33.03%
Interest Expense -$6.900M $7.503M $7.207M
YoY Change 21.05% 4.11% 87.93%
% of Operating Profit -22.26% 6.02% 8.13%
Other Income/Expense, Net $900.0K -$6.830M -$6.434M
YoY Change 6.15% 88.51%
Pretax Income $26.10M $117.7M $82.16M
YoY Change -72.35% 43.28% -36.25%
Income Tax $9.500M $43.30M $31.35M
% Of Pretax Income 36.4% 36.78% 38.16%
Net Earnings $16.60M $74.42M $50.81M
YoY Change -71.82% 46.48% -37.99%
Net Earnings / Revenue 2.52% 10.18% 7.89%
Basic Earnings Per Share $0.51 $0.34
Diluted Earnings Per Share $115.5K $0.51 $0.33
COMMON SHARES
Basic Shares Outstanding 144.2M shares 144.4M 149.8M shares
Diluted Shares Outstanding 145.4M 150.5M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $249.5M $204.6M $83.50M
YoY Change 125.38% 145.03% 687.74%
Cash & Equivalents $249.5M $204.6M $83.47M
Short-Term Investments
Other Short-Term Assets $53.42M $45.39M $43.22M
YoY Change 21.69% 5.03% -76.37%
Inventory $21.25M $24.27M $25.71M
Prepaid Expenses
Receivables $451.5M $488.8M $470.8M
Other Receivables $0.00 $0.00 $800.0K
Total Short-Term Assets $808.7M $792.3M $695.2M
YoY Change 15.52% 13.96% 0.57%
LONG-TERM ASSETS
Property, Plant & Equipment $3.636B $3.652B $3.523B
YoY Change 0.56% 3.65% 16.44%
Goodwill $153.8M $153.8M $153.8M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $22.91M $24.26M $24.56M
YoY Change -12.9% -1.23% -73.64%
Total Long-Term Assets $3.878B $3.885B $3.775B
YoY Change 0.56% 2.93% 14.55%
TOTAL ASSETS
Total Short-Term Assets $808.7M $792.3M $695.2M
Total Long-Term Assets $3.878B $3.885B $3.775B
Total Assets $4.687B $4.678B $4.470B
YoY Change 2.86% 4.64% 12.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $173.2M $181.2M $215.5M
YoY Change -8.3% -15.93% -19.58%
Accrued Expenses $160.5M $153.7M $156.7M
YoY Change 1.15% -1.92% 7.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00M $10.00M $0.00
YoY Change 60.0% -100.0%
Total Short-Term Liabilities $354.3M $345.6M $372.2M
YoY Change -1.55% -7.16% -13.66%
LONG-TERM LIABILITIES
Long-Term Debt $682.5M $685.0M $600.0M
YoY Change -1.44% 14.17% 49.7%
Other Long-Term Liabilities $6.489M $6.437M $6.686M
YoY Change -1.52% -3.72% -26.53%
Total Long-Term Liabilities $689.0M $691.4M $6.686M
YoY Change -1.44% 10241.56% -98.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $354.3M $345.6M $372.2M
Total Long-Term Liabilities $689.0M $691.4M $6.686M
Total Liabilities $1.931B $1.934B $1.826B
YoY Change 0.78% 5.91% 17.04%
SHAREHOLDERS EQUITY
Retained Earnings $2.707B $2.698B $2.497B
YoY Change 6.23% 8.05%
Common Stock $1.865M $1.865M $1.840M
YoY Change 1.3% 1.36%
Preferred Stock
YoY Change
Treasury Stock (at cost) $880.9M $880.8M $734.9M
YoY Change 10.8% 19.84%
Treasury Stock Shares $42.27M 42.26M shares 34.70M shares
Shareholders Equity $2.756B $2.744B $2.644B
YoY Change
Total Liabilities & Shareholders Equity $4.687B $4.678B $4.470B
YoY Change 2.86% 4.64% 12.12%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $16.60M $74.42M $50.81M
YoY Change -71.82% 46.48% -37.99%
Depreciation, Depletion And Amortization $183.1M $140.8M $142.4M
YoY Change 37.88% -1.12% 28.64%
Cash From Operating Activities $232.2M $273.4M $286.9M
YoY Change 4.17% -4.71% 30.05%
INVESTING ACTIVITIES
Capital Expenditures -$179.2M -$150.7M -$232.2M
YoY Change -21.99% -35.1% -18.18%
Acquisitions
YoY Change
Other Investing Activities $2.100M $3.700M $4.800M
YoY Change -8.7% -22.92% 200.0%
Cash From Investing Activities -$177.1M -$147.0M -$227.6M
YoY Change -22.09% -35.41% -19.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.800M -71.90M -52.30M
YoY Change -130.72% 37.48% -722.62%
NET CHANGE
Cash From Operating Activities 232.2M 273.4M 286.9M
Cash From Investing Activities -177.1M -147.0M -227.6M
Cash From Financing Activities -9.800M -71.90M -52.30M
Net Change In Cash 45.30M 54.50M 7.000M
YoY Change 64.73% 678.57% -113.13%
FREE CASH FLOW
Cash From Operating Activities $232.2M $273.4M $286.9M
Capital Expenditures -$179.2M -$150.7M -$232.2M
Free Cash Flow $411.4M $424.1M $519.1M
YoY Change -9.1% -18.3% 2.91%

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dei Trading Symbol
TradingSymbol
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dei Entity Registrant Name
EntityRegistrantName
PATTERSON UTI ENERGY INC
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dei Document Type
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dei Document Period End Date
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dei Entity Central Index Key
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