Pioneer energy services corp. (PES)
Balance Sheet / Quarterly
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

24,619

26,955

30,132

26,855

53,566

51,468

61,517

68,726

73,640

10,852

6,894

7,290

10,194

9,703

14,578

18,669

14,160

35,679

62,468

35,678

34,924

26,439

23,711

20,810

27,385

17,085

17,576

10,508

23,733

6,291

20,380

21,401

86,197

21,857

11,502

22,011

Restricted cash

998

998

998

998

998

2,000

2,000

2,000

2,008

-

-

-

0

-

-

-

-

-

-

-

-

-

-

210,401

-

-

-

-

-

-

-

-

-

-

-

-

Receivables:
Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

12,569

Trade, net of allowance for doubtful accounts

79,135

81,039

90,288

90,816

76,924

86,372

84,591

76,438

79,592

71,634

63,170

54,340

38,764

38,185

35,810

42,227

47,577

51,963

67,663

104,649

136,161

142,096

132,215

121,790

115,908

124,836

126,620

111,316

115,070

129,496

128,950

117,274

106,084

102,228

81,287

61,345

Unbilled receivables

12,590

20,906

24,691

27,535

24,822

24,204

22,951

22,306

-

14,268

12,030

11,050

7,417

3,968

2,121

4,144

13,624

7,653

12,635

29,957

38,000

44,830

52,156

44,792

49,535

45,048

46,145

44,950

35,140

35,976

31,267

39,759

31,512

28,943

27,782

21,423

Insurance recoveries

22,873

23,186

22,902

23,427

23,656

23,605

15,014

13,964

13,874

13,491

13,131

12,713

17,003

17,298

17,611

15,196

14,556

14,947

15,782

15,576

10,900

10,539

9,717

9,657

8,607

8,774

16,323

9,321

6,518

6,302

5,693

6,464

5,470

5,842

7,183

4,035

Other receivables

8,928

7,421

7,691

6,307

5,479

5,499

4,270

3,816

3,510

3,411

2,518

2,385

8,939

2,761

3,337

3,856

4,059

7,410

7,158

21,302

5,138

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,847

6,449

6,493

2,310

3,431

-

-

2,116

-

-

-

-

-

-

-

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,503

200

-

1,761

1,583

146

2,168

2,954

3,139

2,712

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,299

5,996

8,529

10,998

38,472

32,365

11,569

13,092

12,597

12,230

12,387

11,058

16,109

14,350

16,259

15,433

12,999

11,027

9,867

Inventory

22,453

22,086

22,800

20,229

18,898

18,992

17,719

16,100

14,057

11,758

11,811

11,571

9,660

8,254

8,640

8,501

9,262

8,995

9,528

13,686

14,117

14,327

13,466

13,750

13,232

12,732

12,704

12,337

12,111

12,177

13,211

12,220

11,184

10,365

10,658

9,023

Assets held for sale

3,447

6,233

5,962

4,800

3,582

6,102

6,433

6,139

6,620

8,756

11,104

11,405

15,093

6,243

4,513

4,276

4,619

2,065

4,056

-

9,909

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,606

-

-

-

-

0

6,718

-

-

-

-

-

-

-

2,646

-

-

Prepaid expenses and other current assets

7,869

6,991

7,061

7,307

7,109

5,634

6,710

4,914

6,229

5,331

7,289

5,859

6,926

4,730

5,889

6,678

7,411

5,927

7,679

7,410

8,925

6,283

9,390

6,610

9,311

5,709

8,890

9,400

13,040

10,019

13,333

12,207

11,564

8,264

9,787

8,797

Total current assets

182,912

195,815

212,525

208,268

215,034

223,876

221,205

214,403

215,559

139,501

127,947

116,613

113,996

91,142

92,499

103,547

115,268

140,938

192,965

241,393

269,074

293,833

279,469

445,872

239,380

230,212

241,991

210,419

218,786

218,131

228,767

225,730

269,612

193,452

162,365

151,782

Property, Plant and Equipment, Gross

1,119,546

1,118,488

1,121,703

1,125,170

1,118,215

1,098,996

1,100,291

1,095,151

1,093,635

1,100,513

1,093,635

1,082,463

1,058,261

1,111,500

1,135,346

1,149,158

1,146,994

1,509,931

1,510,666

1,572,884

1,702,273

1,807,981

1,778,653

1,740,920

1,724,124

1,707,706

1,744,221

1,728,995

1,698,517

1,631,847

1,550,277

1,443,614

1,336,926

1,228,191

1,184,777

1,097,179

Less accumulated depreciation

648,376

633,233

620,860

607,403

593,357

571,736

567,014

554,863

544,012

534,012

514,605

492,239

474,181

482,336

480,552

469,890

444,409

731,235

729,575

733,377

845,732

881,590

855,213

813,991

786,467

748,214

748,784

717,956

684,177

649,123

610,832

575,126

542,970

510,861

494,857

441,671

Property, Plant and Equipment, Net

471,170

485,255

500,843

517,767

524,858

527,260

533,277

540,288

549,623

566,501

579,030

590,224

584,080

629,164

654,794

679,268

702,585

778,696

781,091

839,507

856,541

926,391

923,440

926,929

937,657

959,492

995,437

1,011,039

1,014,340

982,724

939,445

868,488

793,956

717,330

689,920

655,508

Intangible assets, net of accumulated amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

781

1,166

1,551

1,944

18,268

20,253

22,238

24,223

26,291

28,276

30,272

32,194

34,326

36,385

41,667

43,843

46,020

48,205

50,503

52,680

19,883

20,783

21,966

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

41,683

41,683

41,683

41,683

41,683

41,683

-

-

0

Deferred income taxes

11,540

-

-

-

0

-

-

-

-

-

-

-

-

-

15

22

-

0

0

2,662

2,753

3,450

4,010

4,020

1,156

1,335

1,095

1,740

5,519

373

1,242

0

735

2,399

3,133

0

Operating lease assets

7,264

7,692

8,775

9,423

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other noncurrent assets

1,068

931

1,526

1,633

1,658

1,739

2,562

3,009

1,687

1,440

1,564

1,491

2,026

1,710

2,050

2,137

2,178

11,226

10,588

18,050

18,998

14,792

16,236

19,284

19,236

19,518

16,625

17,709

15,605

14,253

12,066

12,680

14,088

11,178

12,235

12,087

Total assets

673,954

689,693

723,669

737,091

741,550

752,875

757,044

757,700

766,869

707,442

708,541

708,328

700,102

722,797

750,524

786,525

821,975

949,128

1,004,897

1,123,850

1,171,589

1,264,757

1,251,431

1,426,377

1,229,623

1,251,601

1,291,533

1,324,257

1,339,776

1,303,184

1,271,408

1,199,084

1,172,754

946,888

888,436

841,343

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable

32,551

32,127

41,019

38,163

36,766

34,747

38,014

32,788

29,538

32,008

28,379

22,793

19,208

13,014

13,077

12,966

16,951

35,072

49,302

47,973

64,305

66,168

54,735

53,969

43,718

47,642

46,703

47,847

83,823

84,919

95,189

85,117

66,440

48,031

53,642

26,929

Current portion of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

27

3,672

429

202,166

2,847

23

23

222

872

872

871

873

872

850

1,267

1,408

Deferred revenues

1,339

1,616

1,420

1,659

1,722

1,130

1,921

1,194

905

783

1,009

581

1,449

1,157

2,848

7,878

6,222

14,772

26,113

33,920

3,315

3,244

3,306

2,159

699

906

2,366

2,217

3,880

2,880

4,071

4,733

3,966

4,338

4,791

3,669

Accrued expenses:
Employee compensation and related costs

13,781

22,489

19,484

24,699

24,747

28,161

29,315

19,955

21,023

19,298

15,750

15,947

14,813

13,981

13,391

14,346

13,859

16,934

17,113

22,805

40,058

33,519

29,644

24,586

30,020

25,989

25,397

22,380

27,991

27,464

24,965

23,260

29,057

21,893

18,520

18,057

Insurance claims and settlements

22,873

22,991

22,637

22,819

23,593

23,494

14,702

13,964

13,289

13,084

12,724

12,713

13,667

13,952

14,058

15,196

14,556

14,947

15,782

15,576

10,900

10,539

9,716

9,657

8,607

8,665

16,323

9,321

6,348

6,302

5,580

6,464

5,470

5,842

7,165

4,035

Insurance premiums and deductibles

5,940

6,036

4,989

5,543

5,482

5,433

6,238

6,136

6,742

7,811

6,451

6,134

6,446

6,437

6,530

6,676

8,087

8,302

9,501

12,264

12,829

12,029

11,575

10,896

10,940

10,707

11,063

10,979

9,708

10,418

9,741

10,547

10,583

10,829

10,136

8,774

Interest

5,452

1,008

5,754

1,460

6,148

1,684

6,361

1,917

6,624

912

5,496

921

5,395

900

5,489

919

5,508

861

5,467

821

5,432

1,293

8,744

2,057

12,275

1,820

12,347

1,899

12,343

1,842

12,269

1,789

12,283

1,060

7,234

7,307

Other

9,645

12,035

10,697

10,233

6,310

9,176

7,732

6,267

6,793

5,617

5,334

4,408

5,024

5,568

3,826

4,459

4,859

6,419

7,920

9,978

10,326

11,015

12,104

10,898

11,727

10,601

8,931

8,505

11,585

12,935

14,199

11,405

11,009

10,737

9,399

5,461

Total current liabilities

91,581

98,302

106,000

104,576

104,768

103,825

104,283

82,221

84,914

79,513

75,143

63,497

66,002

55,009

59,219

62,440

70,042

97,307

131,198

143,337

147,192

141,479

130,253

316,388

120,833

106,353

123,153

103,370

156,550

147,632

166,885

144,188

139,680

103,580

112,154

75,640

Long-term Debt, Excluding Current Maturities

467,699

466,887

466,093

465,315

464,552

463,805

463,072

462,339

461,665

392,601

383,098

373,633

339,473

399,508

387,551

387,621

387,217

410,000

410,000

430,000

455,053

460,060

493,630

501,133

499,666

534,421

549,184

558,949

518,725

498,502

453,290

418,279

418,728

241,649

283,405

279,530

Noncurrent operating lease liabilities

5,700

6,189

6,495

6,929

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

4,417

4,708

4,913

4,844

3,688

3,344

3,429

4,061

3,151

8,615

8,949

8,044

8,180

13,439

15,100

16,288

17,502

48,745

54,556

62,224

69,578

117,674

102,988

84,596

84,636

85,278

89,106

105,145

108,838

107,727

105,689

100,701

94,745

88,296

81,576

80,160

Other noncurrent liabilities

481

459

1,823

4,460

3,484

3,404

3,569

8,892

7,043

5,185

3,486

5,917

5,049

3,737

3,508

5,064

4,571

4,193

3,097

5,207

4,702

4,669

4,771

6,706

6,055

6,677

6,643

8,936

7,983

6,988

7,607

9,375

9,156

10,603

11,434

9,680

Total liabilities

569,878

576,545

585,324

586,124

576,492

574,378

574,353

557,513

556,773

485,914

470,676

451,091

418,704

471,693

465,378

471,413

479,332

560,245

598,851

640,768

676,525

723,882

731,642

908,823

711,190

732,729

768,086

776,400

792,096

760,849

733,471

672,543

662,309

444,128

488,569

445,010

Commitments and contingencies (Note 13)

-

-

-

-

-

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

Shareholders' equity:
Preferred stock, 10,000,000 shares authorized; none 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

0

0

0

Common stock $.10 par value; 200,000,000 shares authorized; 79,202,216 and 78,214,550 shares outstanding at December 31, 2019 and December 31, 2018, respectively

8,008

8,008

8,000

7,933

7,900

7,900

7,900

7,845

7,835

7,835

7,835

7,786

7,766

6,559

6,559

6,517

6,496

6,496

6,494

6,465

6,414

6,411

6,342

6,301

6,275

6,266

6,264

6,234

6,217

6,216

6,215

6,201

6,188

6,170

5,477

5,425

Additional paid-in capital

553,210

552,453

551,642

551,382

550,548

549,500

548,461

547,407

546,158

545,032

544,142

543,184

541,823

476,655

476,077

476,013

475,823

473,763

473,370

472,802

472,457

470,695

462,131

458,919

456,812

454,742

453,089

451,281

449,554

447,767

445,985

444,224

442,020

440,880

345,324

339,105

Treasury stock, at cost; 877,047 and 789,532 shares at December 31, 2019 and December 31, 2018, respectively

5,090

5,090

5,090

5,085

4,965

4,965

4,965

4,512

4,416

4,416

4,416

4,246

3,883

3,883

3,883

3,802

3,759

3,759

3,741

3,389

3,030

3,027

3,027

2,328

1,895

1,892

1,892

1,539

1,264

1,261

1,261

1,197

904

613

513

161

Accumulated deficit

-452,052

-442,223

-416,207

-403,263

-388,425

-373,938

-368,705

-350,553

-339,481

-326,923

-309,696

-289,487

-264,308

-228,227

-193,607

-163,616

-135,917

-87,617

-70,077

7,204

19,223

66,796

54,343

54,662

57,241

59,756

65,986

91,881

93,173

89,613

86,998

77,313

63,141

56,323

49,579

51,964

Stockholders' Equity Attributable to Parent

104,076

113,148

138,345

150,967

165,058

178,497

182,691

200,187

210,096

221,528

237,865

257,237

281,398

251,104

285,146

315,112

342,643

388,883

406,046

483,082

495,064

540,875

519,789

517,554

518,433

518,872

523,447

547,857

547,680

542,335

537,937

526,541

510,445

502,760

399,867

396,333

Total liabilities and shareholders' equity

673,954

689,693

723,669

737,091

741,550

752,875

757,044

757,700

766,869

707,442

708,541

708,328

700,102

722,797

750,524

786,525

821,975

949,128

1,004,897

1,123,850

1,171,589

1,264,757

1,251,431

1,426,377

1,229,623

1,251,601

1,291,533

1,324,257

1,339,776

1,303,184

1,271,408

1,199,084

1,172,754

946,888

888,436

841,343