RES FY 2014 Earnings Report — RPC, Inc. Revenue & Financial Results | Market Cap Arena

FY 2014 Earnings

Reported February 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$2.3B	—	$1.9B	—	25.6%
Op. Income	$401M	—	$287M	—	39.8%
Gross Margin	36.1%	—	36.7%	—	-0.6pp
Net Margin	10.5%	—	9.0%	—	1.5pp
EPS (Diluted)	$1.14	—	$0.77	—	48.1%
Free Cash Flow	-$49M	—	$164M	—	-129.7%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.5B
GROSS PROFIT	$844M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$197M
Other Expenses	$246M
Operating Expenses	$443M
Cost & Expenses	$1.9B
OPERATING INCOME	$401M
Interest Income	$19.0K
Interest Expense	$1M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$399M
Income Tax Expense	$154M
Net Income from Continuing Ops	$245M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$245M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$241M
D&A	$231M
EBIT	$416M
EBITDA	$647M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.5B
GROSS PROFIT	$844M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$197M
Other Expenses	$246M
Operating Expenses	$443M
Cost & Expenses	$1.9B
OPERATING INCOME	$401M
Interest Income	$19.0K
Interest Expense	$1M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$399M
Income Tax Expense	$154M
Net Income from Continuing Ops	$245M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$245M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$241M
D&A	$231M
EBIT	$416M
EBITDA	$647M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$245M
Depreciation & Amortization	$234M
Stock-Based Compensation	$9M
Deferred Income Tax	$12M
Other Non-Cash Items	$11M
Change in Working Capital	-$189M
OPERATING CASH FLOW	$323M
Capital Expenditure	-$372M
Acquisitions (Net)	-$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$19M
NET CASH FROM INVESTING	-$355M
Net Debt Issuance	$171M
Common Stock Repurchased	-$50M
Common Dividends Paid	-$92M
Other Financing Activities	$4M
NET CASH FROM FINANCING	$34M
FREE CASH FLOW	-$49M
Net Change in Cash	$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$10M
Short-Term Investments	$0
Net Receivables	$664M
Inventory	$156M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$852M
PP&E (Net)	$849M
Goodwill	$32M
Intangible Assets	$0
Long-Term Investments	-$9M
Tax Assets	$9M
Other Non-Current Assets	$26M
TOTAL NON-CURRENT ASSETS	$908M
TOTAL ASSETS	$1.8B
Account Payables	$175M
Short-Term Debt	$0
Deferred Revenue	-$225M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$239M
Long-Term Debt	$225M
Deferred Revenue NC	$44M
Deferred Tax Liabilities	$157M
Other Non-Current Liabilities	$60M
TOTAL NON-CURRENT LIABILITIES	$442M
TOTAL LIABILITIES	$681M
Common Stock	$22M
Additional Paid-In Capital	$0
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$18M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$225M
Net Debt	$215M