FORUM ENERGY TECHNOLOGIES, INC. FET Income Statement

Forum energy technologies, inc. (FET)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Revenue
867,323	956,533	1,029,704	1,057,475	1,085,830	1,064,219	1,038,971	970,643	897,755	818,620	718,123	657,682	599,290	587,635	636,580	743,305	884,997	1,073,652	1,316,182	1,540,011	1,683,875	1,739,717	1,694,772	1,616,142	1,555,750	1,524,811	1,461,243	1,418,818	1,424,443	1,414,933	1,421,487	1,404,626	1,288,568	1,128,131	0	0	0
Cost of sales
670,479	711,681	791,909	807,773	826,647	807,847	771,479	730,133	680,659	629,832	551,717	509,551	495,133	487,900	564,552	634,799	696,889	810,975	914,928	1,052,481	1,143,235	1,180,265	1,156,038	1,104,275	1,067,393	1,049,586	1,009,465	975,717	973,023	951,876	941,867	928,909	858,461	765,670	0	0	0
Gross profit
196,844	244,852	237,795	249,702	259,183	256,372	267,492	240,510	217,096	188,788	166,406	148,131	104,157	99,735	72,028	108,506	188,108	262,677	401,254	487,530	540,640	559,452	538,734	511,867	488,357	475,225	451,778	443,101	451,420	463,057	479,620	475,717	430,107	362,461	0	0	0
Operating expenses
Selling, general and administrative expenses
242,929	251,736	266,931	275,250	283,857	286,980	283,322	274,723	265,130	253,713	241,130	231,301	227,669	227,008	239,524	243,397	251,359	264,906	279,754	303,835	315,341	312,821	297,059	287,337	275,260	269,669	261,085	245,312	235,863	225,268	224,028	218,953	205,435	186,774	0	0	0
Impairments of goodwill, intangible assets, property and equipment
549,656	532,336	532,336	14,477	0	-	0	0	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-
Transaction expenses
603	1,159	2,254	2,769	2,703	3,446	6,920	7,033	7,219	6,511	2,049	1,508	1,327	865	618	470	429	480	433	1,756	2,415	2,326	2,835	1,695	2,819	2,700	3,060	2,769	1,405	1,751	1,056	1,789	3,688	3,608	0	0	0
Contingent consideration benefit
0	-4,629	-4,629	-4,629	-4,629	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,568	21,300	21,800	11,100	12,100	0	0	0
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on disposal of assets and other
-37	-78	-986	-1,298	21	438	915	992	-1,946	-2,097	-1,922	-4,011	-2,424	-2,638	-3,243	-1,037	-1,026	-746	-847	-751	-430	-1,431	-705	-999	-1,168	-614	-333	1,492	1,321	1,435	1,653	137	310	634	0	0	0
Total operating expenses
793,225	780,680	1,146,923	623,733	645,432	653,510	304,224	296,299	343,357	331,383	313,743	304,824	231,420	230,511	368,477	369,996	377,906	391,224	281,034	306,342	318,186	316,578	300,599	290,031	279,247	272,983	264,510	245,921	231,540	222,177	226,092	224,166	221,913	201,848	0	0	0
Loss from equity investment
531	-318	-224	474	254	140	-6,345	-3,643	-1,425	1,000	8,008	5,061	2,709	1,824	3,750	7,206	10,830	14,824	19,448	22,327	24,427	25,164	22,363	18,560	12,620	7,312	2,946	0	0	-	0	-	-	-	-	-	-
Operating income (loss)
-595,850	-536,146	-909,352	-373,557	-385,995	-396,998	-43,077	-59,432	-127,686	-141,595	-139,329	-151,632	-124,554	-128,952	-292,699	-254,284	-178,968	-113,723	139,668	203,515	246,881	268,038	260,498	240,396	221,730	209,554	190,214	197,180	219,880	240,880	253,528	251,551	208,194	160,613	0	0	0
Other expense (income)
Interest expense
-30,161	-31,618	-32,831	-32,988	-32,626	-32,532	-44,508	-42,951	-41,475	-26,808	-54,245	-41,133	-27,963	-27,410	27,922	28,629	29,451	29,945	29,360	29,606	29,724	29,847	30,697	27,371	22,757	18,370	14,218	13,437	13,949	16,372	18,810	21,252	22,078	19,532	0	0	0
Foreign exchange and other losses (gains), net
2,262	-5,022	5,705	3,830	7,544	6,270	2,874	-811	-9,273	-7,268	287	5,799	18,415	21,341	18,380	18,138	4,069	9,345	9,226	11,538	12,464	4,331	-474	-8,007	-5,897	-2,953	-2,446	-899	-215	-1,713	-247	7	-345	-378	0	0	0
Gain on extinguishment of debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred loan costs written off
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Equity Investments
-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on contribution of subsea rentals business
-	-	0	0	-	33,506	33,506	33,506	33,506	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred loan costs written off
-	-	-	-	-	-	-	-	-	-	-	-	-	2,978	2,588	2,588	2,588	0	0	0	0	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-
Total other expense (income), net
-18,354	-32,725	-25,559	-29,158	-25,082	7,244	125,424	123,296	116,310	86,316	-26,180	-21,048	-8,832	-9,047	-12,130	-13,079	-27,970	-20,600	-20,134	-18,068	-17,260	-25,516	-31,171	-37,527	-30,803	-23,472	-18,813	-14,336	-14,164	-18,085	-19,057	-21,245	-22,423	-19,910	0	0	0
Loss before income taxes
-614,204	-568,871	-934,911	-402,715	-411,077	-389,754	82,347	63,864	-11,376	-55,279	-165,509	-172,680	-133,386	-137,999	-304,829	-267,363	-206,938	-134,323	119,534	185,447	229,621	242,522	229,327	202,869	190,927	186,082	171,401	182,844	205,716	222,795	234,471	230,306	185,771	140,703	0	0	0
Income tax expense (benefit)
-17,891	-1,814	3,441	5,704	-1,043	-15,674	23,615	16,906	4,190	4,121	-44,537	-48,541	-58,618	-56,051	-71,761	-59,008	-35,950	-14,939	29,198	49,598	63,094	68,145	66,502	59,094	56,755	56,478	52,404	56,085	64,759	71,265	75,166	76,354	62,065	47,110	0	0	0
Net loss
-596,313	-567,057	-938,352	-408,419	-410,034	-374,080	58,732	46,958	-15,566	-59,400	-120,972	-124,139	-74,768	-81,948	-233,068	-208,355	-170,988	-119,384	90,336	135,849	166,527	174,377	162,825	143,775	134,172	129,604	118,997	126,759	140,957	151,530	163,182	136,131	0	-	0	0	-
Less: Income attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	30	20	24	-20	-31	-17	-10	20	12	8	43	43	65	67	47	43	74	50	110	251	251	0	0	0
Net loss attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-81,978	-233,088	-208,379	-170,968	-119,353	90,353	135,859	166,507	174,365	162,817	143,732	134,129	129,539	118,930	126,712	140,914	151,456	159,226	153,813	123,426	93,342	0	0	0
Weighted average shares outstanding
Net income attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Basic (in shares)
111,173	110,464	110,295	109,987	109,643	109,082	108,856	108,714	108,423	106,451	96,275	96,170	95,860	92,860	90,860	90,707	90,477	90,325	90,058	89,767	89,482	92,403	93,331	92,649	92,129	91,780	91,443	91,032	88,533	84,996	84,993	82,495	67,960	67,632	67,655	59,471	58,322
Diluted (in shares)
111,173	110,464	110,295	109,987	109,643	109,082	108,856	108,714	110,857	106,451	96,275	96,170	95,860	92,860	90,860	90,707	90,477	84,592	91,687	91,884	91,469	94,148	96,198	95,695	95,191	94,720	94,734	94,606	94,356	90,874	92,339	89,794	74,741	72,410	73,635	62,660	61,247
Loss per share
Basic (in USD per share)
-0.33	-0.11	-4.83	-0.12	-0.07	-3.52	-0.03	-0.14	0.26	0.52	-0.15	-0.81	-0.16	-0.14	-0.20	-0.31	-0.25	-1.82	0.07	0.10	0.32	0.49	0.56	0.43	0.40	0.38	0.36	0.33	0.36	0.25	0.48	0.53	0.63	0.52	0.52	0.23	0.21
Diluted (in USD per share)
-0.33	-0.11	-4.83	-0.12	-0.07	-3.52	-0.03	-0.14	0.25	0.52	-0.15	-0.81	-0.16	-0.14	-0.20	-0.31	-0.25	-1.81	0.07	0.10	0.31	0.50	0.54	0.41	0.38	0.36	0.35	0.32	0.34	0.24	0.44	0.49	0.57	0.48	0.48	0.22	0.20
Other comprehensive income (loss), net of tax:
Net loss
-596,313	-567,057	-938,352	-408,419	-410,034	-374,080	58,732	46,958	-15,566	-59,400	-120,972	-124,139	-74,768	-81,948	-233,068	-208,355	-170,988	-119,384	90,336	135,849	166,527	174,377	162,825	143,775	134,172	129,604	118,997	126,759	140,957	151,530	163,182	136,131	0	-	0	0	-
Change in foreign currency translation, net of tax of $0
-5,722	7,958	-13,701	-8,977	-26,205	-24,752	-11,815	1,268	35,228	36,163	13,990	-3,800	-41,972	-45,722	-40,335	-52,839	-4,501	-45,270	-52,493	-68,220	-82,021	-43,694	-13,440	45,148	31,304	7,525	890	-12,783	-17,369	15,887	14,533	-9,100	-906	-5,094	0	0	0
Gain (loss) on pension liability
-1,636	-1,666	1,390	1,414	1,464	1,489	318	275	138	107	-435	-413	-307	-335	-55	-43	-96	46	-1,044	-1,042	-1,013	-1,110	225	225	225	223	0	0	0	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Gain on derivative instruments, net of tax of $768
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,426	0	0	0
Comprehensive loss
-603,671	-560,765	-950,663	-415,982	-434,775	-397,343	47,235	48,501	19,800	-23,130	-107,417	-128,352	-117,047	-128,005	-273,458	-261,237	-175,585	-164,608	36,799	66,587	83,493	129,573	149,610	189,148	165,701	137,352	119,887	113,976	123,588	167,417	174,040	145,461	123,900	89,925	0	0	0
Less: comprehensive loss attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	162	106	15	-32	-168	-184	-88	-62	-46	-2	-2	-37	-72	-53	-74	-82	44	31	-25	129	85	0	0	0
Comprehensive loss attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-128,167	-273,564	-261,252	-175,553	-164,440	36,983	66,675	83,555	129,619	149,612	189,150	165,738	137,424	119,940	114,050	123,670	167,373	174,009	145,486	123,771	89,840	0	0	0