Flotek industries inc/cn/ (FTK)
Balance Sheet / TTM
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

100,575

107,000

97,500

96,800

3,044

1,829

3,096

2,865

4,584

4,942

3,422

1,826

4,823

3,474

3,840

2,480

2,208

2,998

2,475

2,499

1,266

5,257

2,226

1,664

2,730

4,369

5,503

248

2,700

21,909

10,725

13,342

46,682

25,495

15,137

19,863

Restricted cash

663

663

661

660

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

801

-

-

-

0

0

0

150

150

150

150

150

150

150

150

Accounts receivable, net of allowance for doubtful accounts of $1,527 and $1,190 at December 31, 2019 and 2018, respectively

15,638

15,014

30,694

37,178

37,047

55,473

43,218

45,331

34,897

56,008

60,089

62,934

47,152

53,652

45,528

45,631

35,511

52,069

56,466

56,011

78,624

69,253

65,906

65,882

65,016

62,244

58,264

46,167

42,259

44,035

42,392

47,736

44,567

46,456

38,358

27,310

Inventories, net

21,697

24,333

26,442

34,358

27,289

93,161

90,844

82,085

32,460

70,716

78,410

64,677

58,283

73,986

78,253

81,084

50,870

84,421

84,601

98,162

85,958

81,439

82,231

72,009

63,132

70,857

74,467

44,836

45,177

42,175

40,977

40,222

37,888

36,315

36,274

27,845

Deferred tax assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

2,352

3,502

4,139

2,649

1,835

2,602

1,799

2,696

2,840

2,578

2,500

2,522

1,591

1,602

1,280

1,274

771

827

817

841

644

667

575

Income taxes receivable

631

313

3,467

3,351

3,161

2,441

2,659

2,809

2,826

2,649

3,872

12,271

12,752

18,192

15,874

14,948

4,700

1,704

947

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

635

2,973

Assets held for sale

0

0

0

0

118,470

-

2,250

-

54,508

4,135

7,197

27,891

43,900

-

-

-

48,855

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

13,191

19,181

20,406

20,373

5,771

7,797

5,797

7,972

8,649

10,881

6,079

6,694

21,708

9,099

6,602

6,148

6,949

9,417

6,011

9,275

11,055

9,622

9,989

3,679

4,261

4,953

3,123

2,839

4,654

4,725

5,012

2,638

1,933

2,218

2,847

1,041

Total current assets

152,395

166,498

179,179

192,673

194,782

160,701

147,864

141,062

137,924

149,331

159,069

176,293

188,618

160,755

153,599

154,430

151,742

152,444

153,102

167,746

179,599

169,212

162,930

145,734

137,661

144,014

142,959

95,370

96,214

113,765

100,083

104,905

132,061

111,278

94,068

79,757

Property and equipment, net

39,829

41,180

41,760

42,989

45,485

65,094

66,143

73,108

52,786

73,711

74,396

74,327

74,691

89,154

80,759

78,337

60,006

85,835

86,996

88,239

86,111

83,270

82,392

81,677

79,114

77,269

79,167

57,158

56,499

52,423

48,918

45,790

43,914

42,624

41,757

42,524

Operating lease right-of-use assets

16,388

17,625

17,982

18,202

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

-

-

-

-

-

19,480

19,480

56,660

37,180

56,660

56,660

56,660

56,660

73,682

72,820

72,820

55,798

72,820

72,820

72,820

71,131

71,131

72,150

71,583

66,271

66,271

66,271

26,943

26,943

26,943

26,943

26,943

26,943

26,943

26,943

26,943

Deferred tax assets, net

152

476

605

599

18,663

0

0

20,373

12,713

21,190

19,972

20,044

12,894

0

0

3

17,229

19,392

18,871

13,486

12,907

14,090

15,050

15,100

15,012

14,763

14,999

15,381

16,045

-

-

-

0

42

65

117

Other intangible assets, net

23,083

23,578

24,290

24,978

26,827

47,538

47,025

47,619

22,048

48,851

49,080

49,726

50,352

58,949

58,166

58,992

51,198

70,454

71,604

72,716

73,528

74,715

75,699

76,422

77,523

78,662

79,714

23,631

24,166

25,004

25,734

26,554

29,094

30,141

30,850

35,466

Other long-term assets

0

0

0

3,351

126

489

531

-

527

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

0

0

-

66,710

-

-

-

-

-

-

-

67,117

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL ASSETS

231,847

249,357

263,816

282,792

285,883

293,302

281,043

338,822

329,888

349,743

359,177

377,050

383,215

382,540

365,344

364,582

403,090

400,945

403,393

415,007

423,276

412,418

408,221

390,516

375,581

380,979

383,110

218,483

219,867

218,135

201,678

204,192

232,012

211,028

193,683

184,807

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable

16,231

10,578

10,858

13,798

15,011

30,428

25,646

23,233

10,394

21,725

28,554

35,635

29,960

26,072

23,795

25,244

17,221

22,046

27,140

28,427

33,185

32,656

30,775

26,356

19,899

23,884

31,570

18,565

22,373

19,370

16,570

19,762

18,562

16,360

14,774

13,520

Accrued liabilities

24,552

7,797

11,141

12,518

10,335

14,004

9,071

8,629

13,793

12,323

8,488

7,841

12,170

11,826

9,278

9,676

10,480

12,611

11,276

7,651

12,314

13,468

11,690

9,574

12,778

13,613

10,230

6,664

6,503

9,489

8,995

6,897

8,397

8,646

7,578

11,956

Income taxes payable

-

276

862

2,054

-

-

-

-

-

-

-

-

-

0

0

197

2,263

0

0

1,755

1,307

1,018

1,528

6,384

3,361

3,379

1,559

3,038

3,479

883

1,479

727

3,876

1,214

-

-

Interest payable

0

0

0

0

8

6

24

6

43

30

21

49

24

156

185

141

111

93

106

106

93

76

89

99

111

132

209

100

114

364

1,093

463

2,097

699

2,097

2,185

Liabilities held for sale

0

0

0

0

9,174

-

-

-

12,450

1,586

2,416

4,638

4,961

-

-

-

4,637

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of lease liabilities

541

762

714

713

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, classified as current

0

0

0

0

49,731

53,402

49,126

39,741

27,950

40,589

42,716

42,603

40,566

34,562

50,228

44,765

32,291

27,727

30,332

24,417

18,643

11,367

24,939

24,068

26,415

-

-

-

5,133

-

-

-

-

-

-

-

Deferred tax liabilities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42

65

117

Current portion of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,529

45,770

5,432

4,329

1,002

968

940

767

723

510

6,454

Convertible senior notes, net of discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

54,062

53,231

66,601

0

-

-

-

Total current liabilities and total liabilities

41,324

19,413

23,575

29,083

84,259

97,840

83,867

71,609

64,630

76,253

82,195

90,766

87,681

72,616

83,486

80,023

67,003

62,477

68,854

62,356

65,542

58,585

69,021

66,481

62,564

76,537

89,338

33,799

41,931

85,170

82,336

95,390

33,699

27,684

25,024

34,232

Long-term operating lease liabilities

16,973

17,945

18,256

18,416

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term finance lease liabilities

158

172

193

130

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities, net

116

116

116

116

0

2,646

2,876

-

-

-

-

-

-

1,205

526

1,755

23,823

22,910

22,537

23,297

25,982

26,048

27,223

27,351

27,575

25,491

25,631

394

751

3,149

2,994

2,991

2,780

1,393

856

1,153

Long-term debt, less current portion

-

-

-

-

-

-

-

-

-

0

0

7,083

7,833

8,000

14,684

16,470

18,255

20,041

21,827

23,613

25,398

30,184

31,970

30,905

35,690

41,110

42,991

21,673

22,455

888

1,022

1,107

875

926

565

28,127

Convertible senior notes, net of discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

53,231

-

99,738

98,407

97,100

98,555

Warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

20,497

16,622

7,584

15,386

26,193

TOTAL LIABILITIES

58,571

37,646

42,140

47,745

84,259

100,486

86,743

-

-

76,253

82,195

97,849

95,514

81,821

98,696

98,248

109,081

105,428

113,218

109,266

116,922

114,817

128,214

124,737

125,829

143,138

157,960

55,866

65,137

89,207

86,352

119,985

153,714

135,994

138,931

188,260

Commitments and contingencies (Note16)

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ Equity:
Preferred stock, $0.0001 par value, 100,000 shares authorized; no shares issued and outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

7,280

Common stock, $0.0001 par value, 80,000,000 shares authorized; 63,656,897 shares issued and 57,882,396 shares outstanding at December 31, 2019; 62,162,875 shares issued and 57,342,279 shares outstanding at December 31, 2018

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

5

6

6

6

6

6

6

5

5

5

5

5

5

5

5

4

Additional paid-in capital

347,564

346,392

345,217

344,004

343,536

343,048

340,618

338,137

336,067

334,490

331,126

321,980

318,392

316,091

278,840

275,797

273,451

269,807

265,997

259,139

254,233

283,571

280,256

275,330

266,122

261,887

257,121

200,642

195,485

191,367

187,576

169,320

166,814

163,950

161,484

103,408

Accumulated other comprehensive income (loss)

-966

-962

-998

-1,022

-1,116

-960

-1,045

-1,063

-884

-822

-970

-964

-956

-981

-913

-919

-1,237

-1,033

-666

-742

-502

-397

-330

-508

-359

-201

-184

-60

-40

-60

-72

-31

-44

-23

72

97

Retained earnings (accumulated deficit)

-139,844

-100,281

-89,171

-74,573

-107,565

-116,124

-112,192

-37,158

-37,225

-28,736

-25,633

-21,808

-9,830

4,089

6,835

9,115

39,300

40,675

38,700

51,247

52,762

36,489

22,217

11,177

-841

-11,846

-20,814

-29,254

-37,019

-60,220

-70,026

-83,204

-86,810

-87,801

-105,718

-113,350

Treasury stock, at cost; 4,145,481 and 3,770,224 shares at December 31, 2019 and 2018, respectively

33,484

33,444

33,378

33,368

33,237

33,155

33,088

33,067

33,064

31,806

27,905

20,371

20,269

18,844

18,478

18,023

17,869

14,296

14,220

4,267

495

22,419

22,142

20,226

15,176

12,005

10,979

8,716

3,701

2,164

2,157

1,883

1,667

1,097

1,091

892

Flotek Industries, Inc. stockholders’ equity

-

-

-

-

-

192,815

194,299

266,855

264,900

273,132

276,624

278,843

287,343

300,361

266,290

265,976

293,651

295,159

289,817

305,383

306,003

297,250

280,007

265,779

249,752

237,841

225,150

162,617

154,730

128,928

115,326

84,207

78,298

75,034

54,752

-3,453

Noncontrolling interests

-

-

-

-

-

1

1

358

358

358

358

358

358

358

358

358

358

358

358

358

351

351

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Total stockholders’ equity

173,276

211,711

221,676

235,047

201,624

192,816

194,300

267,213

265,258

273,490

276,982

279,201

287,701

300,719

266,648

266,334

294,009

295,517

290,175

305,741

306,354

297,601

-

-

249,752

-

-

-

-

-

-

-

-

-

-

-

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

231,847

249,357

263,816

282,792

285,883

293,302

281,043

338,822

329,888

349,743

359,177

377,050

383,215

382,540

365,344

364,582

403,090

400,945

403,393

415,007

423,276

412,418

408,221

390,516

375,581

380,979

383,110

218,483

219,867

218,135

201,678

204,192

232,012

211,028

193,683

184,807