$PTEN
PATTERSON UTI ENERGY INC

2018 Q4 Form 10-Q Financial Statement

#000156459018025401 Filed on October 29, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $795.9M $867.5M $685.0M
YoY Change 1.09% 26.64% 232.3%
Cost Of Revenue $557.7M $634.1M $493.2M
YoY Change -1.59% 28.57% 221.09%
Gross Profit $238.3M $233.4M $191.8M
YoY Change 7.97% 21.69% 265.33%
Gross Profit Margin 29.94% 26.91% 28.0%
Selling, General & Admin $32.80M $32.82M $27.60M
YoY Change -8.89% 18.91% 66.27%
% of Gross Profit 13.76% 14.06% 14.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $212.4M $281.6M $196.7M
YoY Change 0.62% 43.16% 20.31%
% of Gross Profit 89.13% 120.65% 102.55%
Operating Expenses $237.9M $32.82M $220.4M
YoY Change 1.84% -85.11% 25.3%
Operating Profit -$210.8M -$80.28M -$38.02M
YoY Change 873.76% 111.18% -69.2%
Interest Expense -$11.90M $12.38M -$9.500M
YoY Change 21.43% -230.27% -6.86%
% of Operating Profit
Other Income/Expense, Net $100.0K -$11.28M $100.0K
YoY Change 0.0% -11378.0% -100.98%
Pretax Income -$222.6M -$91.56M -$47.40M
YoY Change 608.92% 93.16% -64.51%
Income Tax -$21.40M -$16.52M -$13.65M
% Of Pretax Income
Net Earnings -$201.2M -$75.04M -$33.77M
YoY Change -202.99% 122.22% -59.87%
Net Earnings / Revenue -25.28% -8.65% -4.93%
Basic Earnings Per Share -$0.93 -$0.34 -$0.16
Diluted Earnings Per Share -$0.93 -$0.34 -$0.16
COMMON SHARES
Basic Shares Outstanding 217.4M 218.1M 211.9M
Diluted Shares Outstanding 218.1M 211.9M

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $245.0M $214.0M $37.80M
YoY Change 472.43% 466.14% 2.16%
Cash & Equivalents $245.0M $214.0M $37.84M
Short-Term Investments
Other Short-Term Assets $76.66M $75.00M $54.60M
YoY Change 43.56% 37.36% -25.82%
Inventory $65.58M $69.40M $40.70M
Prepaid Expenses
Receivables $558.8M $648.4M $544.5M
Other Receivables $4.100M $0.00 $600.0K
Total Short-Term Assets $950.2M $1.007B $678.3M
YoY Change 27.22% 48.43% 141.99%
LONG-TERM ASSETS
Property, Plant & Equipment $4.003B $4.081B $4.198B
YoY Change -5.93% -2.8% 19.55%
Goodwill $410.8M $612.5M $524.7M
YoY Change -32.83% 16.73%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.44M $50.90M $62.70M
YoY Change -45.09% -18.82% 132.22%
Total Long-Term Assets $4.520B $4.813B $4.795B
YoY Change -9.82% 0.38% 32.14%
TOTAL ASSETS
Total Short-Term Assets $950.2M $1.007B $678.3M
Total Long-Term Assets $4.520B $4.813B $4.795B
Total Assets $5.470B $5.820B $5.473B
YoY Change -5.02% 6.34% 40.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $289.0M $349.2M $303.5M
YoY Change -9.59% 15.06% 269.22%
Accrued Expenses $235.9M $256.4M $245.8M
YoY Change 4.11% 4.31% 59.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $526.3M $607.7M $549.3M
YoY Change -3.65% 10.63% 132.36%
LONG-TERM LIABILITIES
Long-Term Debt $1.119B $1.119B $742.7M
YoY Change 86.91% 50.67% 21.08%
Other Long-Term Liabilities $12.76M $12.90M $11.40M
YoY Change 2.14% 13.16% 9.62%
Total Long-Term Liabilities $1.132B $1.132B $754.1M
YoY Change 85.18% 50.1% 20.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $526.3M $607.7M $549.3M
Total Long-Term Liabilities $1.132B $1.132B $754.1M
Total Liabilities $1.964B $2.065B $1.880B
YoY Change 10.59% 9.83% 18.62%
SHAREHOLDERS EQUITY
Retained Earnings $1.754B
YoY Change -16.73%
Common Stock $2.830B
YoY Change 1.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.080B
YoY Change 17.6%
Treasury Stock Shares $53.70M $49.88M
Shareholders Equity $3.505B $3.755B $3.593B
YoY Change
Total Liabilities & Shareholders Equity $5.470B $5.820B $5.473B
YoY Change -5.02% 6.34% 40.01%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income -$201.2M -$75.04M -$33.77M
YoY Change -202.99% 122.22% -59.87%
Depreciation, Depletion And Amortization $212.4M $281.6M $196.7M
YoY Change 0.62% 43.16% 20.31%
Cash From Operating Activities $242.0M $188.5M $115.9M
YoY Change 42.86% 62.64% 63.7%
INVESTING ACTIVITIES
Capital Expenditures -$160.9M $162.8M $143.1M
YoY Change -32.17% 13.79% 398.87%
Acquisitions
YoY Change
Other Investing Activities $8.900M $7.000M $2.200M
YoY Change -119.14% 218.18% -63.93%
Cash From Investing Activities -$152.0M -$155.8M -$140.9M
YoY Change -46.42% 10.57% 526.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -58.70M -60.60M 21.70M
YoY Change -149.04% -379.26% -109.81%
NET CHANGE
Cash From Operating Activities 242.0M 188.5M 115.9M
Cash From Investing Activities -152.0M -155.8M -140.9M
Cash From Financing Activities -58.70M -60.60M 21.70M
Net Change In Cash 31.30M -27.90M -3.300M
YoY Change 479.63% 745.45% -98.09%
FREE CASH FLOW
Cash From Operating Activities $242.0M $188.5M $115.9M
Capital Expenditures -$160.9M $162.8M $143.1M
Free Cash Flow $402.9M $25.72M -$27.16M
YoY Change -0.91% -194.68% -164.48%

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Files In Submission

Name View Source Status
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0001564590-18-025401-index.html Edgar Link pending
0001564590-18-025401.txt Edgar Link pending
0001564590-18-025401-xbrl.zip Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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pten-20180930_pre.xml Edgar Link unprocessable
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