$WFRD
Weatherford International plc

2024 Q4 Form 10-Q Financial Statement

#000160392324000145 Filed on October 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $1.409B
YoY Change 7.31%
Cost Of Revenue $917.0M
YoY Change 6.75%
Gross Profit $492.0M
YoY Change 8.37%
Gross Profit Margin 34.92%
Selling, General & Admin $203.0M
YoY Change -3.79%
% of Gross Profit 41.26%
Research & Development $33.00M
YoY Change 10.0%
% of Gross Profit 6.71%
Depreciation & Amortization $89.00M
YoY Change 7.23%
% of Gross Profit 18.09%
Operating Expenses $236.0M
YoY Change -2.07%
Operating Profit $243.0M
YoY Change 11.47%
Interest Expense -$24.00M
YoY Change -20.0%
% of Operating Profit -9.88%
Other Income/Expense, Net -$41.00M
YoY Change 70.83%
Pretax Income $178.0M
YoY Change 8.54%
Income Tax $12.00M
% Of Pretax Income 6.74%
Net Earnings $157.0M
YoY Change 27.64%
Net Earnings / Revenue 11.14%
Basic Earnings Per Share $2.14
Diluted Earnings Per Share $2.06
COMMON SHARES
Basic Shares Outstanding 72.65M shares 73.16M shares
Diluted Shares Outstanding 75.20M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $920.0M
YoY Change 9.65%
Cash & Equivalents $920.0M
Short-Term Investments
Other Short-Term Assets $272.0M
YoY Change 14.77%
Inventory $919.0M
Prepaid Expenses
Receivables $1.231B
Other Receivables $0.00
Total Short-Term Assets $3.400B
YoY Change 5.59%
LONG-TERM ASSETS
Property, Plant & Equipment $1.050B
YoY Change 13.88%
Goodwill
YoY Change
Intangibles $356.0M
YoY Change -11.88%
Long-Term Investments
YoY Change
Other Assets $249.0M
YoY Change 14.75%
Total Long-Term Assets $1.788B
YoY Change 6.75%
TOTAL ASSETS
Total Short-Term Assets $3.400B
Total Long-Term Assets $1.788B
Total Assets $5.188B
YoY Change 5.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $723.0M
YoY Change 16.61%
Accrued Expenses $374.0M
YoY Change -2.09%
Deferred Revenue $32.00M
YoY Change -30.43%
Short-Term Debt $0.00
YoY Change -100.0%
Long-Term Debt Due $21.00M
YoY Change -76.92%
Total Short-Term Liabilities $1.667B
YoY Change -3.7%
LONG-TERM LIABILITIES
Long-Term Debt $1.627B
YoY Change -12.71%
Other Long-Term Liabilities $151.0M
YoY Change 3.42%
Total Long-Term Liabilities $151.0M
YoY Change 3.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.667B
Total Long-Term Liabilities $151.0M
Total Liabilities $3.832B
YoY Change -7.26%
SHAREHOLDERS EQUITY
Retained Earnings -$1.579B
YoY Change -24.59%
Common Stock $2.956B
YoY Change 1.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.345B
YoY Change
Total Liabilities & Shareholders Equity $5.188B
YoY Change 5.99%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $157.0M
YoY Change 27.64%
Depreciation, Depletion And Amortization $89.00M
YoY Change 7.23%
Cash From Operating Activities $262.0M
YoY Change 52.33%
INVESTING ACTIVITIES
Capital Expenditures $78.00M
YoY Change 85.71%
Acquisitions
YoY Change
Other Investing Activities -$14.00M
YoY Change -333.33%
Cash From Investing Activities -$92.00M
YoY Change 155.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -89.00M
YoY Change -2.2%
NET CHANGE
Cash From Operating Activities 262.0M
Cash From Investing Activities -92.00M
Cash From Financing Activities -89.00M
Net Change In Cash 81.00M
YoY Change 80.0%
FREE CASH FLOW
Cash From Operating Activities $262.0M
Capital Expenditures $78.00M
Free Cash Flow $184.0M
YoY Change 41.54%

Facts In Submission

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CY2024Q3 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
6000000 usd
CY2023Q4 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
140000000 usd
CY2024Q1 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
142000000 usd
CY2024Q1 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
142000000 usd
CY2024Q2 wfrd Derivative Percentage Higher Than Official Exchange Rate
DerivativePercentageHigherThanOfficialExchangeRate
0.26
CY2023Q2 wfrd Derivative Percentage Higher Than Official Exchange Rate
DerivativePercentageHigherThanOfficialExchangeRate
1.06
CY2024Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-10000000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-57000000 usd

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0001603923-24-000145.txt Edgar Link pending
0001603923-24-000145-xbrl.zip Edgar Link pending
a2024-q3ex311ceo302cert.htm Edgar Link pending
a2024-q3ex312cfo302cert.htm Edgar Link pending
a2024-q3ex321ceo906cert.htm Edgar Link pending
a2024-q3ex322cfo906cert.htm Edgar Link pending
exhibit101-weatherfordxmod.htm Edgar Link pending
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wfrd-20240930.htm Edgar Link pending
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wfrd-20240930_htm.xml Edgar Link completed