$WFRD
Weatherford International plc Stock $wfrd

$wfrd Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000160392323000124 Filed on July 26, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$1.313B	$1.274B
YoY Change	17.23%	19.74%
Cost Of Revenue	$859.0M	$847.0M
YoY Change	10.84%	12.04%
Gross Profit	$454.0M	$427.0M
YoY Change	31.59%	38.64%
Gross Profit Margin	34.58%	33.52%
Selling, General & Admin	$211.0M	$158.0M
YoY Change	4.98%	-19.39%
% of Gross Profit	46.48%	37.0%
Research & Development	$30.00M	$27.00M
YoY Change	30.43%	22.73%
% of Gross Profit	6.61%	6.32%
Depreciation & Amortization	$83.00M	$81.00M
YoY Change	-5.68%	-10.0%
% of Gross Profit	18.28%	18.97%
Operating Expenses	$241.0M	$225.0M
YoY Change	7.59%	3.21%
Operating Profit	$218.0M	$202.0M
YoY Change	80.17%	94.23%
Interest Expense	-$30.00M	-$88.00M
YoY Change	-31.82%	83.33%
% of Operating Profit	-13.76%	-43.56%
Other Income/Expense, Net	-$24.00M	-$39.00M
YoY Change	100.0%	21.88%
Pretax Income	$164.0M	$74.00M
YoY Change	160.32%	208.33%
Income Tax	$33.00M	-$16.00M
% Of Pretax Income	20.12%	-21.62%
Net Earnings	$123.0M	$82.00M
YoY Change	339.29%	1266.67%
Net Earnings / Revenue	9.37%	6.44%
Basic Earnings Per Share	$1.70	$1.14
Diluted Earnings Per Share	$1.66	$1.12
COMMON SHARES
Basic Shares Outstanding	72.07M shares	72.06M shares
Diluted Shares Outstanding	74.00M shares	73.00M shares

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$839.0M	$787.0M
YoY Change	-10.08%	-10.47%
Cash & Equivalents	$839.0M	$787.0M
Short-Term Investments
Other Short-Term Assets	$237.0M	$313.0M
YoY Change	-12.22%	14.23%
Inventory	$776.0M	$751.0M
Prepaid Expenses
Receivables	$1.261B	$1.120B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$3.220B	$2.971B
YoY Change	5.13%	-1.3%
LONG-TERM ASSETS
Property, Plant & Equipment	$922.0M	$1.033B
YoY Change	1.54%	10.01%
Goodwill
YoY Change
Intangibles	$404.0M	$440.0M
YoY Change	-25.19%	-24.01%
Long-Term Investments
YoY Change
Other Assets	$217.0M	$177.0M
YoY Change	155.29%	92.39%
Total Long-Term Assets	$1.675B	$1.677B
YoY Change	1.89%	-2.78%
TOTAL ASSETS
Total Short-Term Assets	$3.220B	$2.971B
Total Long-Term Assets	$1.675B	$1.677B
Total Assets	$4.895B	$4.648B
YoY Change	3.99%	-1.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$620.0M	$502.0M
YoY Change	45.88%	12.05%
Accrued Expenses	$382.0M	$335.0M
YoY Change	-0.26%	-2.62%
Deferred Revenue	$46.00M	$36.00M
YoY Change
Short-Term Debt	$91.00M	$0.00
YoY Change	550.0%	-100.0%
Long-Term Debt Due	$91.00M	$33.00M
YoY Change	550.0%	135.71%
Total Short-Term Liabilities	$1.731B	$1.464B
YoY Change	25.07%	5.86%
LONG-TERM LIABILITIES
Long-Term Debt	$1.864B	$1.993B
YoY Change	-21.22%	-15.77%
Other Long-Term Liabilities	$146.0M	$519.0M
YoY Change	2.1%	284.44%
Total Long-Term Liabilities	$146.0M	$2.512B
YoY Change	2.1%	1760.74%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.731B	$1.464B
Total Long-Term Liabilities	$146.0M	$2.512B
Total Liabilities	$4.132B	$4.003B
YoY Change	-2.43%	-5.68%
SHAREHOLDERS EQUITY
Retained Earnings	-$2.094B	-$2.217B
YoY Change	-14.29%	-10.28%
Common Stock	$2.900B	$2.891B
YoY Change	-0.79%	-0.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$742.0M	$645.0M
YoY Change
Total Liabilities & Shareholders Equity	$4.895B	$4.648B
YoY Change	3.99%	-1.84%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	$123.0M	$82.00M
YoY Change	339.29%	1266.67%
Depreciation, Depletion And Amortization	$83.00M	$81.00M
YoY Change	-5.68%	-10.0%
Cash From Operating Activities	$172.0M	$201.0M
YoY Change	7.5%	235.0%
INVESTING ACTIVITIES
Capital Expenditures	$42.00M	$36.00M
YoY Change	-207.69%	-250.0%
Acquisitions
YoY Change
Other Investing Activities	$6.000M	-$22.00M
YoY Change	-40.0%	-200.0%
Cash From Investing Activities	-$36.00M	-$58.00M
YoY Change	24.14%	2800.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-91.00M	-170.0M
YoY Change	42.19%	750.0%
NET CHANGE
Cash From Operating Activities	172.0M	201.0M
Cash From Investing Activities	-36.00M	-58.00M
Cash From Financing Activities	-91.00M	-170.0M
Net Change In Cash	45.00M	-27.00M
YoY Change	-32.84%	-171.05%
FREE CASH FLOW
Cash From Operating Activities	$172.0M	$201.0M
Capital Expenditures	$42.00M	$36.00M
Free Cash Flow	$130.0M	$165.0M
YoY Change	-34.67%	96.43%

Facts In Submission

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CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	71000000	shares
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	72000000	shares
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	72000000	shares
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	551000000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	81000000	usd
CY2023Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	6000000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	-43000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	3000000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	586000000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	90000000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	6000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-10000000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	672000000	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	496000000	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-74000000	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	4000000	usd
CY2022Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	11000000	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	5000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	59000000	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	491000000	usd
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-7000000	usd
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	59000000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	82000000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	6000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	154000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-74000000	usd
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	72000000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	71000000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	72000000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	71000000	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1000000	shares
CY2022Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2000000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1000000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	73000000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	73000000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	73000000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	71000000	shares
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	9000000	shares
CY2022Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	8000000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	9000000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	11000000	shares
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.14
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.08
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.14
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.04
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.12
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.08
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.11
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.04
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-16000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	22000000	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	12000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	40000000	usd
CY2023Q2	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	67000000	usd
	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	67000000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	20000000	usd
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-57000000	usd
CY2022Q2	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	27000000	usd
	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	27000000	usd
CY2023Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	257000000	usd
CY2023Q2	us-gaap	Decrease In Unrecognized Tax Benefits Is Reasonably Possible DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible	5000000	usd
CY2023Q2	wfrd	Derivative Percentage Higher Than Official Exchange Rate DerivativePercentageHigherThanOfficialExchangeRate	1.06
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-57000000	usd

Files In Submission

Name	View Source	Status
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0001603923-23-000124-index.html	Edgar Link	pending
0001603923-23-000124.txt	Edgar Link	pending
0001603923-23-000124-xbrl.zip	Edgar Link	pending
a2023-q2ex311ceo302cert.htm	Edgar Link	pending
a2023-q2ex312cfo302cert.htm	Edgar Link	pending
a2023-q2ex321ceo906cert.htm	Edgar Link	pending
a2023-q2ex322cfo906cert.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
wfrd-20230630.htm	Edgar Link	pending
wfrd-20230630.xsd	Edgar Link	pending
wfrd-20230630_pre.xml	Edgar Link	unprocessable
wfrd-20230630_htm.xml	Edgar Link	completed
wfrd-20230630_def.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
wfrd-20230630_cal.xml	Edgar Link	unprocessable
wfrd-20230630_lab.xml	Edgar Link	unprocessable

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$WFRD
Weatherford International plc Stock $wfrd

2023 Q3 Form 10-Q Financial Statement

#000160392323000124 Filed on July 26, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WFRD Weatherford International plc Stock $wfrd

2023 Q3 Form 10-Q Financial Statement

#000160392323000124 Filed on July 26, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WFRD
Weatherford International plc Stock $wfrd