PUMP FY 2018 Earnings Report — ProPetro Holding Corp. Revenue & Financial Results | Market Cap Arena

ProPetro Holding Corp.PUMP

FY 2018 Earnings

Reported February 28, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.7B	—	$982M	—	73.6%
Op. Income	$233M	—	$24M	—	864.9%
Gross Margin	20.3%	—	11.4%	—	8.8pp
Net Margin	10.2%	—	1.3%	—	8.9pp
EPS (Diluted)	$2.00	—	$0.16	—	1150.0%
Free Cash Flow	$109M	—	-$177M	—	161.6%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$346M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$54M
SG&A Expenses	$54M
Other Expenses	$0
Operating Expenses	$54M
Cost & Expenses	$1.4B
OPERATING INCOME	$233M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$225M
Income Tax Expense	$51M
Net Income from Continuing Ops	$174M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$174M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$174M
D&A	$89M
EBIT	$232M
EBITDA	$380M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$346M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$54M
SG&A Expenses	$54M
Other Expenses	$0
Operating Expenses	$54M
Cost & Expenses	$1.4B
OPERATING INCOME	$233M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$225M
Income Tax Expense	$51M
Net Income from Continuing Ops	$174M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$174M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$174M
D&A	$89M
EBIT	$232M
EBITDA	$380M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$174M
Depreciation & Amortization	$88M
Stock-Based Compensation	$5M
Deferred Income Tax	$50M
Other Non-Cash Items	$60M
Change in Working Capital	$16M
OPERATING CASH FLOW	$393M
Capital Expenditure	-$284M
Acquisitions (Net)	$4M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$281M
Net Debt Issuance	-$5M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$4M
FREE CASH FLOW	$109M
Net Change in Cash	$109M

Balance Sheet

Item	Amount
Cash & Equivalents	$133M
Short-Term Investments	$0
Net Receivables	$203M
Inventory	$6M
Other Current Assets	$638.0K
TOTAL CURRENT ASSETS	$349M
PP&E (Net)	$913M
Goodwill	$9M
Intangible Assets	$13.0K
Long-Term Investments	-$54M
Tax Assets	$54M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$925M
TOTAL ASSETS	$1.3B
Account Payables	$214M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$114M
TOTAL CURRENT LIABILITIES	$353M
Long-Term Debt	$70M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$54M
Other Non-Current Liabilities	$124.0K
TOTAL NON-CURRENT LIABILITIES	$124M
TOTAL LIABILITIES	$477M
Common Stock	$100.0K
Additional Paid-In Capital	$818M
Retained Earnings	-$20M
Treasury Stock	$0
Accum. Other Comp. Income	-$230M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$797M
Minority Interest	$0
TOTAL EQUITY	$797M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$70M
Net Debt	-$63M