Independence Contract Drilling, Inc. ICD Balance Sheet

Independence contract drilling, inc. (ICD)

Balance Sheet / 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	Dec'13
Assets
Cash and cash equivalents
9,753	5,206	9,146	10,278	12,549	12,247	2,965	2,554	2,503	2,533	2,652	5,465	7,288	7,071	7,912	7,086	7,410	5,344	5,388	12,254	11,043	10,757	13,173	2,873	2,730
Accounts receivable, net
26,893	35,834	32,765	35,862	42,137	41,987	23,728	19,702	16,244	18,056	15,811	12,946	12,275	11,468	8,965	6,872	14,433	18,240	15,328	13,418	17,999	19,127	12,622	10,134	9,089
Inventories
1,181	2,325	2,618	2,443	2,738	2,693	3,087	2,875	2,795	2,710	2,627	2,407	2,458	2,336	2,537	2,491	2,408	2,317	2,396	2,292	2,191	2,124	1,871	1,826	1,128
Assets held for sale
5,014	8,740	3,153	13,796	19,369	19,711	3,898	1,920	1,920	4,637	5,739	6,388	3,915	3,915	-	-	-	0	-	-	-	-	-	-	-
Vendor advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	7,736	6,168
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	222	402	364	323	-	-	0
Prepaid expenses and other current assets
4,803	4,640	2,469	3,321	5,667	8,930	4,188	3,986	3,381	2,957	3,978	3,737	4,090	3,102	3,043	3,075	3,485	3,436	4,636	4,503	3,535	3,969	2,937	3,983	2,042
Total current assets
47,644	56,745	50,151	65,700	82,460	85,568	37,866	31,037	26,843	30,893	30,807	30,943	30,026	27,892	22,457	19,524	27,736	29,337	27,970	32,869	35,132	36,300	30,603	26,552	21,157
Property, plant and equipment, net
437,505	457,530	485,869	489,074	488,472	496,197	277,978	279,082	274,046	272,388	272,003	271,725	274,553	273,188	281,494	280,121	281,202	283,378	287,271	282,667	273,924	250,498	222,832	173,808	129,488
Goodwill
-	-	0	1,627	1,627	1,627	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	11,007	11,007	11,007
Deferred tax assets
-	-	-	-	1,766	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other intangible assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,304	20,988	22,357
Other long-term assets, net
2,754	2,726	2,525	2,212	2,582	1,470	1,763	1,316	1,236	1,364	1,503	865	870	1,027	1,178	1,339	1,821	2,074	2,600	2,461	2,580	2,749	1,701	1,871	959
Total assets
487,903	517,001	538,545	558,613	576,907	584,862	317,607	311,435	302,125	304,645	304,313	303,533	305,449	302,107	305,129	300,984	310,759	314,789	317,841	317,997	311,636	289,547	286,447	234,226	184,968
Liabilities and Stockholders’ Equity
Liabilities
Current portion of long-term debt
3,268	3,685	1,012	1,161	905	587	575	541	511	533	510	468	516	441	439	373	366	0	0	0	0	22,519	-	-	-
Accounts payable
14,981	22,674	19,313	19,606	16,174	16,312	12,573	14,661	10,500	11,627	8,365	10,825	10,595	10,031	7,975	3,886	5,562	8,584	10,460	7,988	30,013	21,993	15,668	16,483	9,061
Accrued liabilities
12,958	16,368	14,199	16,057	21,095	29,219	8,912	7,070	5,018	6,969	6,477	5,867	5,272	7,821	6,214	6,461	7,778	10,206	8,897	8,070	5,386	6,970	6,210	5,241	4,167
Merger consideration payable to an affiliate
2,932	3,022	3,078	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of contingent consideration
2,814	2,814	3,153	13,950	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	149	149	149
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	213	253	408	0	0	157
Total current liabilities
36,953	48,563	40,755	50,774	38,174	46,118	22,060	22,272	16,029	19,129	15,352	17,160	16,383	18,293	14,628	10,720	13,706	18,790	19,357	16,271	35,652	51,890	22,027	21,873	13,534
Long-term debt
145,291	134,941	128,560	128,654	132,610	130,012	68,631	59,490	53,886	49,278	47,630	39,527	37,078	26,078	23,362	16,700	63,100	62,708	60,464	61,361	35,940	0	0	64,210	19,780
Contingent consideration
-	-	0	0	-	15,748	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration
-	-	-	-	15,558	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes, net
610	652	1,364	1,132	0	774	563	613	634	683	506	476	442	396	-	-	-	193	-	-	-	-	-	-	-
Other long-term liabilities
1,198	1,249	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	261	229	197	-	351	402	364	323	2,022	2,375	3,593
Warrant derivative liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,420	1,809	3,189
Other long-term liabilities
-	-	1,231	1,125	1,195	677	632	120	41	73	105	1	30	88	100	149	233	361	702	347	415	598	-	-	0
Total liabilities
184,052	185,405	171,910	181,685	187,537	193,329	91,886	82,495	70,590	69,163	63,593	57,164	53,933	44,855	38,351	27,759	77,281	82,052	80,874	78,381	72,371	52,811	26,469	90,267	40,096
Commitments and contingencies (Note 13)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stockholders’ equity
Common stock, $0.01 par value, 50,000,000 shares authorized; 3,888,137 and 3,876,196 shares issued, respectively, and 3,809,548 and 3,812,050 shares outstanding, respectively
38	38	767	769	771	771	383	383	383	380	380	378	378	376	376	376	244	244	244	245	246	245	246	124	124
Additional paid-in capital
506,375	505,831	504,656	504,074	503,656	503,446	328,598	327,880	327,162	326,616	326,097	325,630	324,473	323,918	323,005	322,092	278,103	276,948	275,876	274,908	273,904	272,751	271,386	153,851	152,615
Accumulated deficit
-198,649	-170,426	-135,416	-124,869	-112,011	-109,638	-101,041	-97,104	-93,791	-89,645	-83,900	-77,920	-71,616	-65,347	-54,972	-47,774	-43,583	-43,169	-37,943	-34,566	-33,914	-35,289	-10,683	-9,270	-7,121
Treasury stock, at cost, 78,589 shares and 64,146 shares, respectively
3,913	3,847	3,372	3,046	3,046	3,046	2,219	2,219	2,219	1,869	1,857	1,719	1,719	1,695	1,631	1,469	1,286	1,286	1,210	971	971	971	971	746	746
Total stockholders’ equity
303,851	331,596	366,635	376,928	389,370	391,533	225,721	228,940	231,535	235,482	240,720	246,369	251,516	257,252	266,778	273,225	233,478	232,737	236,967	239,616	239,265	236,736	259,978	143,959	144,872
Total liabilities and stockholders’ equity
487,903	517,001	538,545	558,613	576,907	584,862	317,607	311,435	302,125	304,645	304,313	303,533	305,449	302,107	305,129	300,984	310,759	314,789	317,841	317,997	311,636	289,547	286,447	234,226	184,968