Company profile

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Calendar

6 Aug 19
17 Oct 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Mar 19 Dec 18
Revenue 156.03M 157.4M 129.15M
Net income 4.64M -90.25M -90.25M -43.07M
Diluted EPS 0.31 -9.63 -4.6
Net profit margin 2.97% -57.34% -33.35%
Operating income 16.37M -89.32M -31.66M
Net change in cash 11.25M
Cash on hand 139.1M 127.85M 48.6M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 480.82M 442.52M 427M 712.18M
Net income -165.7M -118.7M -230.81M -95.07M
Diluted EPS -18.09 -13.4 -27.89 -0.78
Net profit margin -34.46% -26.82% -54.05% -13.35%
Operating income -113.4M -65.81M -111.26M -17.34M
Net change in cash -92.95M 21.86M -14.6M 25.84M
Cash on hand 48.6M 141.55M 119.69M 134.29M

Financial data from company earnings reports

Financial report summary

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Risks
  • We recently emerged from bankruptcy, which may adversely affect our business and relationships.
  • Our actual financial results after emergence from bankruptcy may not be comparable to our historical financial information as a result of the implementation of the Plan and the transactions contemplated thereby.
  • Upon our emergence from bankruptcy, the composition of our board of directors changed significantly.
Management Discussion
  • Our business is comprised of two business lines: (1) rental tools services and (2) drilling services. We report our rental tools services business as two reportable segments: (1) U.S. rental tools and (2) International rental tools. We report our drilling services business as two reportable segments: (1) U.S. (lower 48) drilling and (2) International & Alaska drilling. We eliminate inter-segment revenues and expenses.
  • We analyze financial results for each of our reportable segments. The reportable segments presented are consistent with our reportable segments discussed in our consolidated condensed financial statements. See Note 12 - Reportable Segments in Item 1. Financial Statements for further discussion. We monitor our reporting segments based on several criteria, including operating gross margin and operating gross margin excluding depreciation and amortization. Operating gross margin excluding depreciation and amortization is computed as revenues less direct operating expenses, and excludes depreciation and amortization expense, where applicable. Operating gross margin percentages are computed as operating gross margin as a percent of revenues. The operating gross margin excluding depreciation and amortization amounts and percentages should not be used as a substitute for those amounts reported under accounting principles generally accepted in the United States (“U.S. GAAP”), but should be viewed in addition to the Company’s reported results prepared in accordance with U.S. GAAP. Management believes this information provides valuable insight into the information management considers important in managing the business.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: represent, shelf, turnover
Removed: assumed, conversion, inclusion, increased, issuable, minimal, obtained, periodic