NESR FY 2019 Earnings Report — National Energy Services Reunited Corp. Revenue & Financial Results | Market Cap Arena

National Energy Services Reunited Corp.NESR

FY 2019 Earnings

Reported March 17, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$658M	—	—	—	—
Op. Income	$72M	—	—	—	—
Gross Margin	20.6%	—	—	—	—
Net Margin	6.0%	—	—	—	—
EPS (Diluted)	$0.45	—	—	—	—
Free Cash Flow	-$19M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$658M
Cost of Revenue	$523M
GROSS PROFIT	$136M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$64M
Other Expenses	$0
Operating Expenses	$64M
Cost & Expenses	$587M
OPERATING INCOME	$72M
Interest Income	$0
Interest Expense	$19M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$52M
Income Tax Expense	$13M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$88M
EBIT	$71M
EBITDA	$160M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$658M
Cost of Revenue	$523M
GROSS PROFIT	$136M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$64M
Other Expenses	$0
Operating Expenses	$64M
Cost & Expenses	$587M
OPERATING INCOME	$72M
Interest Income	$0
Interest Expense	$19M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$52M
Income Tax Expense	$13M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$88M
EBIT	$71M
EBITDA	$160M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$39M
Depreciation & Amortization	$88M
Stock-Based Compensation	$6M
Deferred Income Tax	-$4M
Other Non-Cash Items	$3M
Change in Working Capital	-$43M
OPERATING CASH FLOW	$89M
Capital Expenditure	-$108M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$600.0K
NET CASH FROM INVESTING	-$107M
Net Debt Issuance	$72M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$6M
NET CASH FROM FINANCING	$67M
FREE CASH FLOW	-$19M
Net Change in Cash	$48M

Balance Sheet

Item	Amount
Cash & Equivalents	$73M
Short-Term Investments	$0
Net Receivables	$189M
Inventory	$79M
Other Current Assets	$52M
TOTAL CURRENT ASSETS	$403M
PP&E (Net)	$419M
Goodwill	$575M
Intangible Assets	$123M
Long-Term Investments	$0
Tax Assets	$4M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.5B
Account Payables	$66M
Short-Term Debt	$53M
Deferred Revenue	$0
Other Current Liabilities	$102M
TOTAL CURRENT LIABILITIES	$228M
Long-Term Debt	$331M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$30M
Other Non-Current Liabilities	$51M
TOTAL NON-CURRENT LIABILITIES	$411M
TOTAL LIABILITIES	$640M
Common Stock	$802M
Additional Paid-In Capital	$17M
Retained Earnings	$68M
Treasury Stock	$0
Accum. Other Comp. Income	$29.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$886M
Minority Interest	$0
TOTAL EQUITY	$886M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$384M
Net Debt	$310M