2021 Q1 Form 10-Q Financial Statement
#000160392321000036 Filed on May 06, 2021
Income Statement
Concept | 2021 Q1 | 2020 Q1 |
---|---|---|
Revenue | $832.0M | $1.215B |
YoY Change | -31.52% | -9.73% |
Cost Of Revenue | $636.0M | $913.0M |
YoY Change | -30.34% | -15.62% |
Gross Profit | $196.0M | $302.0M |
YoY Change | -35.1% | 14.39% |
Gross Profit Margin | 23.56% | 24.86% |
Selling, General & Admin | $188.0M | $248.0M |
YoY Change | -24.19% | 7.36% |
% of Gross Profit | 95.92% | 82.12% |
Research & Development | $21.00M | $33.00M |
YoY Change | -36.36% | -8.33% |
% of Gross Profit | 10.71% | 10.93% |
Depreciation & Amortization | $111.0M | $157.0M |
YoY Change | -29.3% | 27.64% |
% of Gross Profit | 56.63% | 51.99% |
Operating Expenses | $209.0M | $281.0M |
YoY Change | -25.62% | 5.24% |
Operating Profit | -$13.00M | -$822.0M |
YoY Change | -98.42% | 173.09% |
Interest Expense | $70.00M | $58.00M |
YoY Change | 20.69% | -137.42% |
% of Operating Profit | ||
Other Income/Expense, Net | -$4.000M | -$25.00M |
YoY Change | -84.0% | 177.78% |
Pretax Income | -$87.00M | -$914.0M |
YoY Change | -90.48% | 96.56% |
Income Tax | $23.00M | $44.00M |
% Of Pretax Income | ||
Net Earnings | -$116.0M | -$966.0M |
YoY Change | -87.99% | 100.83% |
Net Earnings / Revenue | -13.94% | -79.51% |
Basic Earnings Per Share | -$1.66 | |
Diluted Earnings Per Share | -$1.66 | -$13.80M |
COMMON SHARES | ||
Basic Shares Outstanding | 70.00M shares | 70.00M shares |
Diluted Shares Outstanding | 70.00M shares |
Balance Sheet
Concept | 2021 Q1 | 2020 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.177B | $670.0M |
YoY Change | 75.67% | 12.04% |
Cash & Equivalents | $1.177B | $670.0M |
Short-Term Investments | ||
Other Short-Term Assets | $346.0M | $402.0M |
YoY Change | -13.93% | -7.37% |
Inventory | $676.0M | $1.004B |
Prepaid Expenses | ||
Receivables | $758.0M | $1.124B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $3.158B | $3.374B |
YoY Change | -6.4% | -0.94% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $1.170B | $1.554B |
YoY Change | -24.71% | -22.07% |
Goodwill | $72.00M | |
YoY Change | -85.71% | |
Intangibles | $771.0M | $928.0M |
YoY Change | -16.92% | |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $68.00M | $237.0M |
YoY Change | -71.31% | -61.46% |
Total Long-Term Assets | $2.137B | $2.791B |
YoY Change | -23.43% | -10.34% |
TOTAL ASSETS | ||
Total Short-Term Assets | $3.158B | $3.374B |
Total Long-Term Assets | $2.137B | $2.791B |
Total Assets | $5.295B | $6.165B |
YoY Change | -14.11% | -5.43% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $330.0M | $544.0M |
YoY Change | -39.34% | -27.08% |
Accrued Expenses | $320.0M | $327.0M |
YoY Change | -2.14% | 0.31% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $11.00M | $0.00 |
YoY Change | -100.0% | |
Long-Term Debt Due | $11.00M | $26.00M |
YoY Change | -57.69% | -55.17% |
Total Short-Term Liabilities | $1.364B | $1.644B |
YoY Change | -17.03% | -34.35% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $2.602B | $2.149B |
YoY Change | 21.08% | -71.75% |
Other Long-Term Liabilities | $349.0M | $509.0M |
YoY Change | -31.43% | -1.17% |
Total Long-Term Liabilities | $349.0M | $509.0M |
YoY Change | -31.43% | -1.17% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.364B | $1.644B |
Total Long-Term Liabilities | $349.0M | $509.0M |
Total Liabilities | $4.474B | $4.302B |
YoY Change | 4.0% | -59.51% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$2.063B | -$992.0M |
YoY Change | 107.96% | -89.16% |
Common Stock | $2.897B | $2.897B |
YoY Change | 0.0% | -56.89% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $787.0M | $1.819B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $5.295B | $6.165B |
YoY Change | -14.11% | -5.43% |
Cashflow Statement
Concept | 2021 Q1 | 2020 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$116.0M | -$966.0M |
YoY Change | -87.99% | 100.83% |
Depreciation, Depletion And Amortization | $111.0M | $157.0M |
YoY Change | -29.3% | 27.64% |
Cash From Operating Activities | $74.00M | $30.00M |
YoY Change | 146.67% | -112.05% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $15.00M | $38.00M |
YoY Change | -60.53% | -35.59% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$1.000M | $3.000M |
YoY Change | -133.33% | -97.0% |
Cash From Investing Activities | -$3.000M | -$35.00M |
YoY Change | -91.43% | -197.22% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$9.000M | -$20.00M |
YoY Change | -55.0% | -109.62% |
NET CHANGE | ||
Cash From Operating Activities | $74.00M | $30.00M |
Cash From Investing Activities | -$3.000M | -$35.00M |
Cash From Financing Activities | -$9.000M | -$20.00M |
Net Change In Cash | $58.00M | -$36.00M |
YoY Change | -261.11% | 800.0% |
FREE CASH FLOW | ||
Cash From Operating Activities | $74.00M | $30.00M |
Capital Expenditures | $15.00M | $38.00M |
Free Cash Flow | $59.00M | -$8.000M |
YoY Change | -837.5% | -97.4% |
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|
-2063000000 | USD |
CY2020Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1947000000 | USD |
CY2021Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-47000000 | USD |
CY2020Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-43000000 | USD |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
787000000 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
907000000 | USD |
CY2021Q1 | us-gaap |
Minority Interest
MinorityInterest
|
34000000 | USD |
CY2020Q4 | us-gaap |
Minority Interest
MinorityInterest
|
30000000 | USD |
CY2021Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
821000000 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
937000000 | USD |
CY2021Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
5295000000 | USD |
CY2020Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
5434000000 | USD |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-110000000 | USD |
CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-958000000 | USD |
CY2021Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
111000000 | USD |
CY2020Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
157000000 | USD |
CY2021Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | USD |
CY2020Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
167000000 | USD |
CY2021Q1 | us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
0 | USD |
CY2020Q1 | us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
640000000 | USD |
CY2021Q1 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
17000000 | USD |
CY2020Q1 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
2000000 | USD |
CY2021Q1 | wft |
Non Cash Other Asset Impairment Charges
NonCashOtherAssetImpairmentCharges
|
0 | USD |
CY2020Q1 | wft |
Non Cash Other Asset Impairment Charges
NonCashOtherAssetImpairmentCharges
|
6000000 | USD |
CY2021Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
2000000 | USD |
CY2020Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
23000000 | USD |
CY2021Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
4000000 | USD |
CY2020Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
0 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-33000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
3000000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-20000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
48000000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
7000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
-32000000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
10000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-76000000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
74000000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
30000000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
15000000 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
38000000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
11000000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
6000000 | USD |
CY2021Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-1000000 | USD |
CY2020Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
3000000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3000000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-35000000 | USD |
CY2021Q1 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
3000000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
58000000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-36000000 | USD |
CY2020Q1 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
2000000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-4000000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-3000000 | USD |
CY2021Q1 | us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
0 | USD |
CY2020Q1 | us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
12000000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-2000000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-3000000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-9000000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-20000000 | USD |
CY2021Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-4000000 | USD |
CY2020Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-11000000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1285000000 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
800000000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1343000000 | USD |
CY2020Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
2000000 | USD |
CY2020Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
21000000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
764000000 | USD |
CY2021Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
24000000 | USD |
CY2021Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
15000000 | USD |
CY2021Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
Summary of Significant Accounting PoliciesPlease refer to “Note 1 – Summary of Significant Accounting Policies” of our Consolidated Financial Statements from our 2020 Annual Report for the discussion on our significant accounting policies. Certain reclassifications of the financial statements and accompanying footnotes for the three months ended March 31, 2020 have been made to conform to the presentation for the three months ended March 31, 2021. | |
CY2020Q1 | wft |
Asset Write Downand Other
AssetWriteDownandOther
|
817000000 | USD |
CY2021Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | USD |
CY2020Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
640000000 | USD |
CY2021Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | USD |
CY2020Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
167000000 | USD |
CY2021Q1 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
0 | USD |
CY2020Q1 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
10000000 | USD |
CY2021Q1 | wft |
Asset Write Downand Other
AssetWriteDownandOther
|
0 | USD |
CY2021Q1 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
72000000 | USD |
CY2020Q4 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
62000000 | USD |
CY2021Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
137000000 | USD |
CY2020Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
119000000 | USD |
CY2021Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
604000000 | USD |
CY2020Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
655000000 | USD |
CY2021Q1 | us-gaap |
Inventory Net
InventoryNet
|
676000000 | USD |
CY2020Q4 | us-gaap |
Inventory Net
InventoryNet
|
717000000 | USD |
CY2020Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
640000000 | USD |
CY2020Q1 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
430000000 | USD |
CY2020Q1 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
137000000 | USD |
CY2020Q1 | wft |
Operating Lease Rightof Use Asset Impairment Charge
OperatingLeaseRightofUseAssetImpairmentCharge
|
73000000 | USD |
CY2020Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
640000000 | USD |
CY2021Q1 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
239000000 | USD |
CY2021Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
771000000 | USD |
CY2020Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
810000000 | USD |
CY2020Q1 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
137000000 | USD |
CY2021Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
39000000 | USD |
CY2020Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
46000000 | USD |
CY2021Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
11000000 | USD |
CY2021Q1 | us-gaap |
Debt Current
DebtCurrent
|
11000000 | USD |
CY2020Q4 | us-gaap |
Debt Current
DebtCurrent
|
13000000 | USD |
CY2021Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
2602000000 | USD |
CY2020Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
2601000000 | USD |
CY2021Q1 | wft |
Minimum Liquidity Covenant
MinimumLiquidityCovenant
|
175000000 | USD |
CY2021Q1 | us-gaap |
Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
|
55000000 | USD |
CY2021Q1 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
80000000 | USD |
CY2020Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
34000000 | USD |
CY2021Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
832000000 | USD |
CY2020Q4 | us-gaap |
Litigation Reserve
LitigationReserve
|
43000000 | USD |
CY2021Q1 | us-gaap |
Litigation Reserve
LitigationReserve
|
44000000 | USD |
CY2020Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
2897000000 | USD |
CY2020Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1947000000 | USD |
CY2020Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-43000000 | USD |
CY2020Q4 | us-gaap |
Minority Interest
MinorityInterest
|
30000000 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
937000000 | USD |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-110000000 | USD |
CY2021Q1 | us-gaap |
Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
|
-2000000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-4000000 | USD |
CY2021Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
821000000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2916000000 | USD |
CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-958000000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-95000000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1863000000 | USD |
CY2020Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-43000000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-4000000 | USD |
CY2021Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-47000000 | USD |
CY2019Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
9000000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-95000000 | USD |
CY2020Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-86000000 | USD |
CY2021Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
28000000 | USD |
CY2020Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
57000000 | USD |
CY2021Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
758000000 | USD |
CY2020Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
792000000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-116000000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-966000000 | USD |
CY2021Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
70000000 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
70000000 | shares |
CY2021Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.66 | |
CY2020Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-13.80 | |
CY2021Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9000000 | shares |
CY2020Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
8000000 | shares |
CY2020Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1215000000 | USD |
CY2021Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
832000000 | USD |
CY2020Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1215000000 | USD |
CY2021Q1 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
793000000 | USD |
CY2020Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
826000000 | USD |
CY2021Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
43000000 | USD |
CY2020Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
37000000 | USD |
CY2021Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
18000000 | USD |
CY2021Q1 | wft |
Operating Income Loss Before Impairment And Other Charges
OperatingIncomeLossBeforeImpairmentAndOtherCharges
|
-13000000 | USD |
CY2020Q1 | wft |
Operating Income Loss Before Impairment And Other Charges
OperatingIncomeLossBeforeImpairmentAndOtherCharges
|
21000000 | USD |
CY2021Q1 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | USD |
CY2020Q1 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
817000000 | USD |
CY2021Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
0 | USD |
CY2020Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
26000000 | USD |
CY2021Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-13000000 | USD |
CY2020Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-822000000 | USD |
CY2021Q1 | us-gaap |
Interest Expense
InterestExpense
|
70000000 | USD |
CY2020Q1 | us-gaap |
Interest Expense
InterestExpense
|
58000000 | USD |
CY2021Q1 | us-gaap |
Reorganization Items
ReorganizationItems
|
0 | USD |
CY2020Q1 | us-gaap |
Reorganization Items
ReorganizationItems
|
9000000 | USD |
CY2021Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-4000000 | USD |
CY2020Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-25000000 | USD |
CY2021Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-87000000 | USD |
CY2020Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-914000000 | USD |
CY2021Q1 | wft |
Elimination Of Intercompany Margins Associated With Transfers Of Assets And Inventory
EliminationOfIntercompanyMarginsAssociatedWithTransfersOfAssetsAndInventory
|
0 | USD |
CY2020Q1 | wft |
Elimination Of Intercompany Margins Associated With Transfers Of Assets And Inventory
EliminationOfIntercompanyMarginsAssociatedWithTransfersOfAssetsAndInventory
|
8000000 | USD |
CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
23000000 | USD |
CY2021Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-87000000 | USD |
CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
44000000 | USD |
CY2020Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-914000000 | USD |
CY2020Q1 | us-gaap |
Tax Credit Carryforward Valuation Allowance
TaxCreditCarryforwardValuationAllowance
|
20000000 | USD |
CY2021Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
233000000 | USD |
CY2021Q1 | us-gaap |
Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
|
3000000 | USD |