Patterson-uti energy, inc. (PTEN)
Balance Sheet / Quarterly
Mar'20Dec'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'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Dec'08
ASSETS
Current assets:
Cash and cash equivalents

152

174

164

255

248

245

214

241

304

42

37

40

466

35

36

209

186

113

76

76

86

43

38

120

257

249

204

148

144

110

83

75

17

23

10

64

37

27

73

95

63

49

119

167

81

Accounts receivable, net of allowance for credit losses of $7,571 and $6,516 at March 31, 2020 and December 31, 2019, respectively

319

339

411

501

547

558

648

602

596

580

544

433

210

148

146

128

182

219

301

331

484

663

593

507

485

451

488

501

491

465

470

528

559

518

472

406

383

337

251

200

178

164

120

118

414

Federal and state income taxes receivable

8

6

5

5

4

4

-

1

1

1

0

3

1

2

3

36

37

33

30

-

-

81

-

2

-

-

-

2

-

-

0

1

-

-

-

1

72

75

4

5

122

118

10

6

10

Inventory

34

36

37

68

65

65

69

81

72

69

40

36

20

20

19

11

13

14

17

22

28

32

29

28

22

21

24

23

22

26

25

27

28

31

25

23

18

17

9

9

9

6

34

40

41

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

23

0

0

0

42

-

-

0

Other

70

75

58

66

60

76

74

80

64

53

54

58

30

41

38

40

39

40

41

50

47

51

54

70

51

53

45

60

40

43

43

45

44

48

59

58

48

50

49

50

40

40

52

56

57

Total current assets

584

631

677

897

927

950

1,006

1,007

1,038

746

678

571

729

246

280

455

494

486

505

515

687

909

748

758

851

808

792

773

741

699

695

760

767

764

691

630

613

557

451

383

442

455

435

449

641

Property and equipment, net

3,187

3,306

3,433

3,769

3,898

4,002

4,080

4,208

4,217

4,254

4,198

4,232

3,328

3,408

3,511

3,640

3,786

3,920

4,023

4,246

4,222

4,131

3,907

3,873

3,716

3,635

3,651

3,665

3,682

3,615

3,522

3,402

3,308

3,167

3,025

2,890

2,706

2,620

2,397

2,289

2,189

2,110

2,115

2,093

1,937

Right of use asset

29

31

23

26

28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and intangible assets

43

444

449

472

476

477

681

684

689

687

533

540

88

88

89

90

91

92

93

218

219

220

180

177

166

167

168

169

170

171

172

173

174

175

176

177

178

179

86

86

86

86

86

86

86

Deposits on equipment purchases

6

8

7

7

10

12

19

21

18

16

15

12

19

16

17

17

18

22

35

47

80

112

112

78

57

52

41

29

35

43

54

88

97

99

80

66

71

51

49

32

17

0

0

13

43

Deferred tax assets, net

-

-

-

-

-

-

2

1

1

3

2

1

4

4

34

28

35

65

37

33

39

37

32

27

33

32

29

35

42

52

71

81

116

142

123

75

52

26

62

21

28

32

98

59

35

Other

18

17

17

18

26

27

29

29

50

49

45

45

7

7

9

6

7

7

19

20

20

20

20

20

21

22

24

25

26

26

24

17

15

14

12

12

13

13

12

7

6

8

7

8

4

Total assets

3,870

4,439

4,609

5,191

5,367

5,469

5,819

5,953

6,015

5,758

5,472

5,404

4,178

3,772

3,908

4,211

4,398

4,529

4,678

5,049

5,230

5,394

4,968

4,908

4,812

4,687

4,677

4,663

4,657

4,556

4,469

4,442

4,363

4,221

3,986

3,777

3,582

3,423

2,997

2,799

2,743

2,662

2,644

2,651

2,712

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable

140

170

208

242

260

288

349

371

359

319

303

255

158

125

82

66

81

82

165

223

315

382

370

319

263

173

181

198

233

188

215

224

274

241

267

230

193

162

181

172

164

83

89

111

169

Federal and state income taxes payable

0

0

0

0

1

1

2

-

-

0

-

-

-

-

-

-

-

-

-

11

30

-

24

-

24

10

0

-

7

6

-

-

8

2

0

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

204

219

220

218

240

235

256

229

241

226

245

217

135

139

154

139

154

161

180

171

178

173

182

172

159

160

153

146

141

158

156

153

152

164

152

158

141

147

125

123

105

108

108

108

132

Lease liability

9

9

8

8

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt, net of debt issuance cost of $483 at December 31, 2015

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

85

76

63

50

42

35

12

10

10

10

10

10

8

7

6

-

-

10

10

10

8

7

6

5

-

-

0

-

-

-

Total current liabilities

354

400

438

470

511

526

607

601

601

546

549

472

294

264

236

291

313

307

396

448

560

568

587

501

457

354

345

352

389

359

372

378

445

418

431

397

341

315

312

296

269

192

198

219

302

Long-term lease liability

25

26

20

22

23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under revolving credit facility

-

-

-

-

-

-

-

-

-

268

144

115

-

-

15

-

-

-

-

-

-

303

-

-

-

-

-

-

-

-

-

-

108

110

15

-

-

-

-

-

-

-

-

-

0

Long-term debt, net of debt discount and issuance costs of $8,232 and $8,460 at March 31, 2020 and December 31, 2019, respectively

966

966

969

1,119

1,119

1,119

1,119

1,118

1,118

598

598

598

598

598

598

741

764

787

815

830

845

670

675

677

680

682

685

687

690

692

600

600

380

382

385

387

390

392

95

-

-

0

-

-

-

Deferred tax liabilities, net

134

202

226

291

299

306

324

340

348

350

576

588

614

650

724

768

822

863

826

892

-914

935

-836

-873

-878

-887

-896

-885

-871

-857

-846

-828

-808

-786

718

630

576

-511

448

388

380

381

339

305

277

Other

10

9

10

10

10

12

12

12

12

12

11

11

9

9

10

7

8

8

9

11

12

11

10

8

6

6

6

6

6

6

6

6

6

7

9

10

16

15

7

6

5

6

5

5

5

Total liabilities

1,491

1,605

1,666

1,913

1,964

1,964

2,064

2,073

2,081

1,776

1,879

1,786

1,517

1,523

1,584

1,809

1,908

1,968

2,047

2,181

2,332

2,488

2,108

2,060

2,023

1,931

1,933

1,932

1,957

1,916

1,825

1,813

1,749

1,705

1,559

1,426

1,324

1,235

863

691

656

580

543

530

585

Commitments and contingencies (see Note 9)

-

-

-

-

-

-

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, par value $.01; authorized 1,000,000 shares, no shares issued

-

-

-

-

-

-

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

0

0

Common stock, par value $.01; authorized 400,000,000 shares with 269,523,313 and 269,372,257 issued and 186,357,521 and 192,035,870 outstanding at March 31, 2020 and December 31, 2019, respectively

2

2

2

2

2

2

2

2

2

2

2

2

2

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

Additional paid-in capital

2,884

2,875

2,866

2,856

2,836

2,827

2,814

2,805

2,795

2,785

2,588

2,575

1,521

1,042

1,034

1,023

1,018

1,011

1,006

999

991

984

977

961

930

913

906

899

890

863

856

850

846

840

831

824

801

796

791

788

785

781

777

773

765

Retained earnings

852

1,294

1,388

1,658

1,716

1,753

1,963

2,047

2,067

2,105

1,914

1,953

2,049

2,116

2,197

2,284

2,373

2,458

2,531

2,772

2,806

2,811

2,768

2,767

2,727

2,707

2,698

2,630

2,597

2,548

2,497

2,453

2,368

2,279

2,199

2,125

2,051

1,987

1,941

1,920

1,898

1,901

1,927

1,953

1,970

Accumulated other comprehensive income

4

5

5

4

3

2

4

3

4

6

5

1

-0

-1

0

3

2

-4

-1

0

-2

6

10

15

10

14

18

15

19

21

23

18

22

19

18

23

24

21

19

18

20

14

12

9

5

Treasury stock, at cost, 83,165,792 and 77,336,387 shares at March 31, 2020 and December 31, 2019, respectively

1,365

1,345

1,319

1,243

1,155

1,080

1,030

978

935

918

918

915

911

911

910

910

907

907

907

907

899

899

899

899

880

880

880

817

810

795

734

696

624

624

624

624

620

620

620

620

618

618

618

618

616

Total stockholders' equity

2,378

2,833

2,942

3,278

3,403

3,505

3,755

3,880

3,934

3,982

3,593

3,617

2,661

2,248

2,324

2,401

2,489

2,561

2,631

2,868

2,898

2,905

2,859

2,847

2,789

2,755

2,743

2,730

2,699

2,640

2,644

2,629

2,614

2,516

2,426

2,351

2,258

2,187

2,134

2,108

2,087

2,081

2,101

2,120

2,126

Total liabilities and stockholders' equity

3,870

4,439

4,609

5,191

5,367

5,469

5,819

5,953

6,015

5,758

5,472

5,404

4,178

3,772

3,908

4,211

4,398

4,529

4,678

5,049

5,230

5,394

4,968

4,908

4,812

4,687

4,677

4,663

4,657

4,556

4,469

4,442

4,363

4,221

3,986

3,777

3,582

3,423

2,997

2,799

2,743

2,662

2,644

2,651

2,712