$PTEN
PATTERSON UTI ENERGY INC

2021 Q1 Form 10-Q Financial Statement

#000156459021023326 Filed on May 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $240.9M $445.9M
YoY Change -45.97% -36.67%
Cost Of Revenue $182.8M $326.6M
YoY Change -44.03% -33.25%
Gross Profit $58.20M $119.3M
YoY Change -51.22% -44.46%
Gross Profit Margin 24.16% 26.75%
Selling, General & Admin $22.56M $30.35M
YoY Change -25.66% -6.79%
% of Gross Profit 38.76% 25.44%
Research & Development $600.0K
YoY Change
% of Gross Profit 1.03%
Depreciation & Amortization $152.9M $186.8M
YoY Change -18.15% -12.87%
% of Gross Profit 262.71% 156.58%
Operating Expenses $22.56M $30.35M
YoY Change -25.66% -6.79%
Operating Profit -$117.5M -$494.4M
YoY Change -76.23% 2014.4%
Interest Expense $10.01M $11.22M
YoY Change -10.83% -13.56%
% of Operating Profit
Other Income/Expense, Net -$9.856M $85.00K
YoY Change -11695.29% -100.72%
Pretax Income -$127.4M -$504.9M
YoY Change -74.77% 1333.62%
Income Tax -$20.97M -$70.20M
% Of Pretax Income
Net Earnings -$106.4M -$434.7M
YoY Change -75.52% 1419.26%
Net Earnings / Revenue -44.17% -97.49%
Basic Earnings Per Share -$0.57 -$2.28
Diluted Earnings Per Share -$0.57 -$2.28
COMMON SHARES
Basic Shares Outstanding 187.7M 190.7M
Diluted Shares Outstanding 187.7M 190.7M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $214.1M $152.2M
YoY Change 40.67% -38.85%
Cash & Equivalents $214.1M $152.2M
Short-Term Investments
Other Short-Term Assets $57.80M $70.90M
YoY Change -18.48% 16.42%
Inventory $34.37M $34.14M
Prepaid Expenses
Receivables $181.1M $319.1M
Other Receivables $200.0K $8.300M
Total Short-Term Assets $487.6M $584.7M
YoY Change -16.61% -36.97%
LONG-TERM ASSETS
Property, Plant & Equipment $2.628B $3.187B
YoY Change -17.55% -18.84%
Goodwill $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.40M $25.20M
YoY Change -46.83% -31.89%
Total Long-Term Assets $2.684B $3.286B
YoY Change -18.3% -26.0%
TOTAL ASSETS
Total Short-Term Assets $487.6M $584.7M
Total Long-Term Assets $2.684B $3.286B
Total Assets $3.172B $3.870B
YoY Change -18.05% -27.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.1M $140.1M
YoY Change -28.55% -46.2%
Accrued Expenses $164.2M $204.3M
YoY Change -19.66% -18.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $272.3M $354.3M
YoY Change -23.14% -30.7%
LONG-TERM LIABILITIES
Long-Term Debt $901.7M $966.8M
YoY Change -6.73% -13.64%
Other Long-Term Liabilities $29.00M $10.06M
YoY Change 188.16% -70.57%
Total Long-Term Liabilities $901.7M $976.8M
YoY Change -7.69% -15.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $272.3M $354.3M
Total Long-Term Liabilities $901.7M $976.8M
Total Liabilities $1.260B $1.491B
YoY Change -15.54% -24.08%
SHAREHOLDERS EQUITY
Retained Earnings $852.4M
YoY Change
Common Stock $2.888B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.365B
YoY Change
Treasury Stock Shares $83.17M
Shareholders Equity $1.912B $2.379B
YoY Change
Total Liabilities & Shareholders Equity $3.172B $3.870B
YoY Change -18.05% -27.9%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$106.4M -$434.7M
YoY Change -75.52% 1419.26%
Depreciation, Depletion And Amortization $152.9M $186.8M
YoY Change -18.15% -12.87%
Cash From Operating Activities $8.622M $73.29M
YoY Change -88.24% -60.13%
INVESTING ACTIVITIES
Capital Expenditures $18.52M $71.93M
YoY Change -74.25% -39.22%
Acquisitions
YoY Change
Other Investing Activities $2.600M $4.300M
YoY Change -39.53% -80.45%
Cash From Investing Activities -$15.92M -$67.65M
YoY Change -76.47% -29.75%
FINANCING ACTIVITIES
Cash Dividend Paid $3.754M
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $20.03M
YoY Change -100.0% -73.34%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.754M -27.65M
YoY Change -86.43% -66.93%
NET CHANGE
Cash From Operating Activities 8.622M 73.29M
Cash From Investing Activities -15.92M -67.65M
Cash From Financing Activities -3.754M -27.65M
Net Change In Cash -10.77M -21.99M
YoY Change -51.01% -667.79%
FREE CASH FLOW
Cash From Operating Activities $8.622M $73.29M
Capital Expenditures $18.52M $71.93M
Free Cash Flow -$9.901M $1.363M
YoY Change -826.41% -97.92%

Facts In Submission

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Files In Submission

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0001564590-21-023326-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
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pten-20210331_def.xml Edgar Link unprocessable
pten-20210331_lab.xml Edgar Link unprocessable
pten-20210331_pre.xml Edgar Link unprocessable
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