PUMP FY 2019 Earnings Report — ProPetro Holding Corp. Revenue & Financial Results | Market Cap Arena

ProPetro Holding Corp.PUMP

FY 2019 Earnings

Reported June 19, 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	$2.1B	—	$1.7B	—	20.4%
Op. Income	$221M	—	$233M	—	-4.9%
Gross Margin	21.3%	—	20.3%	—	1.0pp
Net Margin	7.9%	—	10.2%	—	-2.3pp
EPS (Diluted)	$1.57	—	$2.00	—	-21.5%
Free Cash Flow	-$48M	—	$109M	—	-143.7%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.6B
GROSS PROFIT	$437M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$105M
SG&A Expenses	$105M
Other Expenses	$110M
Operating Expenses	$215M
Cost & Expenses	$1.8B
OPERATING INCOME	$221M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$214M
Income Tax Expense	$50M
Net Income from Continuing Ops	$163M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$163M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$163M
D&A	$145M
EBIT	$221M
EBITDA	$366M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.6B
GROSS PROFIT	$437M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$105M
SG&A Expenses	$105M
Other Expenses	$110M
Operating Expenses	$215M
Cost & Expenses	$1.8B
OPERATING INCOME	$221M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$214M
Income Tax Expense	$50M
Net Income from Continuing Ops	$163M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$163M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$163M
D&A	$145M
EBIT	$221M
EBITDA	$366M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$163M
Depreciation & Amortization	$145M
Stock-Based Compensation	$0
Deferred Income Tax	$49M
Other Non-Cash Items	$119M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$455M
Capital Expenditure	-$503M
Acquisitions (Net)	$8M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$495M
Net Debt Issuance	$60M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$5M
NET CASH FROM FINANCING	$56M
FREE CASH FLOW	-$48M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$149M
Short-Term Investments	$0
Net Receivables	$212M
Inventory	$2M
Other Current Assets	$1M
TOTAL CURRENT ASSETS	$376M
PP&E (Net)	$1.0B
Goodwill	$9M
Intangible Assets	$0
Long-Term Investments	-$103M
Tax Assets	$103M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.4B
Account Payables	$193M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$233M
Long-Term Debt	$130M
Deferred Revenue NC	-$799.0K
Deferred Tax Liabilities	$103M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$234M
TOTAL LIABILITIES	$467M
Common Stock	$101.0K
Additional Paid-In Capital	$827M
Retained Earnings	$143M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$969M
Minority Interest	$0
TOTAL EQUITY	$969M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$134M
Net Debt	-$15M