$PTEN
PATTERSON UTI ENERGY INC

2018 Q2 Form 10-Q Financial Statement

#000156459018017886 Filed on July 30, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $854.4M $579.2M
YoY Change 47.52% 198.69%
Cost Of Revenue $621.8M $427.2M
YoY Change 45.55% 216.44%
Gross Profit $232.7M $152.0M
YoY Change 53.09% 158.06%
Gross Profit Margin 27.23% 26.24%
Selling, General & Admin $35.66M $23.50M
YoY Change 51.76% 37.43%
% of Gross Profit 15.33% 15.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $212.4M $219.3M
YoY Change -3.15% 28.32%
% of Gross Profit 91.28% 144.28%
Operating Expenses $35.66M $241.0M
YoY Change -85.2% 31.55%
Operating Profit -$9.004M -$140.2M
YoY Change -93.58% 12.79%
Interest Expense $12.67M $9.075M
YoY Change 39.58% -185.61%
% of Operating Profit
Other Income/Expense, Net -$10.09M -$8.302M
YoY Change 21.55%
Pretax Income -$19.10M -$148.5M
YoY Change -87.14% 10.11%
Income Tax -$8.382M -$56.40M
% Of Pretax Income
Net Earnings -$10.71M -$92.18M
YoY Change -88.38% 7.36%
Net Earnings / Revenue -1.25% -15.92%
Basic Earnings Per Share -$0.05 -$0.46
Diluted Earnings Per Share -$0.05 -$0.46
COMMON SHARES
Basic Shares Outstanding 220.1M
Diluted Shares Outstanding 220.1M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $241.9M $40.10M
YoY Change 503.24% -80.87%
Cash & Equivalents $241.9M $40.13M
Short-Term Investments
Other Short-Term Assets $81.00M $58.50M
YoY Change 38.46% -15.58%
Inventory $81.20M $36.10M
Prepaid Expenses
Receivables $602.7M $433.4M
Other Receivables $1.200M $3.600M
Total Short-Term Assets $1.008B $571.7M
YoY Change 76.32% 25.46%
LONG-TERM ASSETS
Property, Plant & Equipment $4.209B $4.232B
YoY Change -0.56% 16.24%
Goodwill $611.5M $524.7M
YoY Change 16.54%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $52.80M $59.80M
YoY Change -11.71% 148.13%
Total Long-Term Assets $4.946B $4.832B
YoY Change 2.35% 28.66%
TOTAL ASSETS
Total Short-Term Assets $1.008B $571.7M
Total Long-Term Assets $4.946B $4.832B
Total Assets $5.954B $5.404B
YoY Change 10.18% 28.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $371.5M $255.3M
YoY Change 45.52% 285.07%
Accrued Expenses $229.9M $217.5M
YoY Change 5.7% 55.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $601.4M $472.8M
YoY Change 27.2% 61.92%
LONG-TERM LIABILITIES
Long-Term Debt $1.119B $713.6M
YoY Change 56.8% -3.72%
Other Long-Term Liabilities $12.60M $11.20M
YoY Change 12.5% 41.77%
Total Long-Term Liabilities $1.132B $724.8M
YoY Change 56.11% -3.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $601.4M $472.8M
Total Long-Term Liabilities $1.132B $724.8M
Total Liabilities $2.074B $1.786B
YoY Change 16.09% -1.29%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.880B $3.618B
YoY Change
Total Liabilities & Shareholders Equity $5.954B $5.404B
YoY Change 10.18% 28.32%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$10.71M -$92.18M
YoY Change -88.38% 7.36%
Depreciation, Depletion And Amortization $212.4M $219.3M
YoY Change -3.15% 28.32%
Cash From Operating Activities $150.2M $9.800M
YoY Change 1432.65% -85.63%
INVESTING ACTIVITIES
Capital Expenditures $194.9M $118.4M
YoY Change 64.65% 287.61%
Acquisitions
YoY Change
Other Investing Activities $34.50M -$425.1M
YoY Change -108.12% -5923.29%
Cash From Investing Activities -$160.4M -$543.4M
YoY Change -70.48% 2232.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -51.90M 107.0M
YoY Change -148.5% -595.37%
NET CHANGE
Cash From Operating Activities 150.2M 9.800M
Cash From Investing Activities -160.4M -543.4M
Cash From Financing Activities -51.90M 107.0M
Net Change In Cash -62.10M -426.6M
YoY Change -85.44% -1930.9%
FREE CASH FLOW
Cash From Operating Activities $150.2M $9.800M
Capital Expenditures $194.9M $118.4M
Free Cash Flow -$44.66M -$108.6M
YoY Change -58.86% -388.18%

Facts In Submission

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Files In Submission

Name View Source Status
0001564590-18-017886-index-headers.html Edgar Link pending
0001564590-18-017886-index.html Edgar Link pending
0001564590-18-017886.txt Edgar Link pending
0001564590-18-017886-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
pten-10q_20180630.htm Edgar Link pending
pten-20180630.xml Edgar Link completed
pten-20180630.xsd Edgar Link pending
pten-20180630_cal.xml Edgar Link unprocessable
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