Nextier oilfield solutions inc. (FRAC)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16
Assets
Current assets:
Cash and cash equivalents

489,400

255,000

157,000

117,100

83,748

80,200

82,848

109,525

95,488

96,120

71,729

75,552

85,796

48,920

Trade and other accounts receivable, net

341,739

350,765

196,222

199,099

195,563

210,428

246,345

246,812

244,875

238,018

219,166

142,677

126,431

66,277

Inventories, net

50,955

61,641

21,585

26,620

30,959

35,669

28,772

40,561

37,787

33,437

39,381

30,501

21,101

15,891

Assets held for sale

0

141

264

582

358

176

-

1,200

-

0

9,148

-

-

-

Prepaid and other current assets

47,571

20,492

6,309

5,940

3,693

5,784

9,982

11,256

11,656

8,519

19,415

10,799

9,704

14,618

Total current assets

929,687

688,054

381,405

349,333

314,321

332,263

367,947

409,354

389,806

376,094

358,839

259,529

243,032

145,706

Operating lease right-of-use assets

48,477

54,503

41,429

46,411

51,386

0

-

-

-

-

-

-

-

-

Finance lease right-of-use assets

6,953

9,511

8,971

8,876

11,841

0

-

-

-

-

-

-

-

-

Property and equipment (net of accumulated depreciation of $795,049 and $723,060)

635,279

709,404

437,262

470,266

492,978

531,319

550,273

493,406

458,391

468,000

440,602

285,569

285,315

294,209

Goodwill

104,198

137,458

132,524

132,524

132,524

132,524

132,524

132,524

134,536

134,967

144,875

50,624

50,624

50,478

Intangible assets (net of accumulated amortization of $38,152 and $35,333)

54,801

55,021

51,080

50,941

51,271

51,904

53,253

54,141

55,630

57,280

59,314

41,322

42,507

44,015

Other noncurrent assets

7,464

10,956

6,156

6,486

6,246

6,569

10,332

9,580

8,446

6,775

5,597

5,573

5,873

2,532

Assets

1,786,859

1,664,907

1,058,827

1,064,837

1,060,567

1,054,579

1,114,329

1,099,005

1,046,809

1,043,116

1,009,227

642,617

627,351

536,940

Liabilities and Stockholders' Equity
Liabilities
Current liabilities:
Accounts payable

166,697

115,251

106,118

119,914

106,964

106,702

125,524

123,426

134,994

92,348

110,299

83,321

69,065

48,484

Accrued expenses

209,799

234,895

79,249

74,391

74,238

101,539

113,877

107,356

104,494

135,175

124,066

65,564

52,654

42,892

Customer contract liabilities

3,000

60

471

471

60

-

1,280

2,540

3,850

5,000

-

-

-

-

Current maturities of long-term operating lease liabilities

20,214

23,473

19,378

20,453

20,776

-

-

-

-

-

-

-

-

-

Current maturities of long-term finance lease liabilities

3,104

4,594

4,175

4,359

7,756

4,928

4,173

3,771

3,353

3,097

2,575

2,642

2,617

2,633

Long-term Debt, Current Maturities

177,302

2,311

2,352

2,561

2,701

2,776

2,116

2,133

1,310

1,339

1,396

342

349

2,512

Stock-based compensation

-

-

0

0

0

4,281

4,281

4,281

4,281

4,281

4,281

4,281

4,281

0

Deferred revenue

-

-

-

-

-

-

-

-

-

-

10,009

-

-

0

Other current liabilities

2,730

5,610

1,626

1,309

407

354

217

634

876

914

1,525

1,750

4,086

3,171

Total current liabilities

582,846

386,194

213,369

223,458

212,902

220,580

251,468

244,141

253,158

242,154

254,151

157,900

133,052

99,692

Long-term operating lease liabilities, less current maturities

31,642

35,123

22,061

25,750

30,312

-

-

-

-

-

-

-

-

-

Long-term finance lease liabilities, less current maturities

4,057

4,844

5,550

5,709

5,590

5,581

6,522

5,641

4,565

4,796

5,063

4,210

4,744

5,442

Long-term Debt, Excluding Current Maturities

334,804

335,312

335,965

336,417

337,140

337,954

338,915

339,144

273,400

273,715

274,172

144,535

144,718

267,238

Stock-based compensation - noncurrent

-

-

-

-

-

-

0

0

0

4,281

4,281

4,281

4,281

0

Other noncurrent liabilities

15,803

16,662

9,878

8,247

5,639

3,283

4,849

4,698

4,716

5,078

6,607

4,242

4,173

2,316

Total noncurrent liabilities

386,306

391,941

373,454

376,123

378,681

346,818

350,286

349,483

282,681

287,870

290,123

157,268

157,916

274,996

Total liabilities

969,152

778,135

586,823

599,581

591,583

567,398

601,754

593,624

535,839

530,024

544,274

315,168

290,968

374,688

Stockholders' equity
Members' equity

-

-

-

-

-

-

-

-

-

-

0

0

0

453,810

Common stock, par value $0.01 per share (authorized 500,000 shares, issued and outstanding 213,333 and 212,410 shares, respectively)

2,133

2,124

1,039

1,039

1,040

1,038

1,072

1,096

1,119

1,118

1,118

1,031

1,031

0

Paid-in capital in excess of par value

972,482

966,762

471,361

465,995

460,863

455,447

485,754

510,300

545,088

541,074

537,827

404,361

401,428

0

Retained earnings

-146,614

-73,333

9,595

6,037

11,018

31,494

24,558

-6,221

-35,615

-27,372

-71,319

-75,384

-63,486

-288,771

Accumulated other comprehensive loss

-10,294

-8,781

-9,991

-7,815

-3,937

-798

1,191

206

378

-1,728

-2,673

-2,559

-2,590

-2,787

Stockholders' Equity Attributable to Parent

817,707

886,772

472,004

465,256

468,984

487,181

512,575

505,381

510,970

513,092

464,953

327,449

336,383

162,252

Total liabilities and stockholders' equity

1,786,859

1,664,907

1,058,827

1,064,837

1,060,567

1,054,579

1,114,329

1,099,005

1,046,809

1,043,116

1,009,227

642,617

627,351

536,940