RES FY 2017 Earnings Report — RPC, Inc. Revenue & Financial Results | Market Cap Arena

FY 2017 Earnings

Reported February 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.6B	—	$729M	—	118.8%
Op. Income	$226M	—	-$239M	—	194.7%
Gross Margin	34.1%	—	16.6%	—	17.5pp
Net Margin	10.2%	—	-19.4%	—	29.6pp
EPS (Diluted)	$0.75	—	$-0.66	—	213.6%
Free Cash Flow	$16M	—	$68M	—	-76.1%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$544M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$159M
Other Expenses	$159M
Operating Expenses	$318M
Cost & Expenses	$1.4B
OPERATING INCOME	$226M
Interest Income	$1M
Interest Expense	$426.0K
Other Income/Expenses	$7M
INCOME BEFORE TAX	$233M
Income Tax Expense	$70M
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	$160M
D&A	$164M
EBIT	$222M
EBITDA	$385M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$544M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$159M
Other Expenses	$159M
Operating Expenses	$318M
Cost & Expenses	$1.4B
OPERATING INCOME	$226M
Interest Income	$1M
Interest Expense	$426.0K
Other Income/Expenses	$7M
INCOME BEFORE TAX	$233M
Income Tax Expense	$70M
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	$160M
D&A	$164M
EBIT	$222M
EBITDA	$385M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$163M
Depreciation & Amortization	$167M
Stock-Based Compensation	$11M
Deferred Income Tax	-$43M
Other Non-Cash Items	-$5M
Change in Working Capital	-$159M
OPERATING CASH FLOW	$134M
Capital Expenditure	-$118M
Acquisitions (Net)	$13M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$13M
NET CASH FROM INVESTING	-$104M
Net Debt Issuance	$0
Common Stock Repurchased	-$27M
Common Dividends Paid	-$43M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$70M
FREE CASH FLOW	$16M
Net Change in Cash	-$41M

Balance Sheet

Item	Amount
Cash & Equivalents	$91M
Short-Term Investments	$0
Net Receivables	$418M
Inventory	$115M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$640M
PP&E (Net)	$444M
Goodwill	$32M
Intangible Assets	$0
Long-Term Investments	-$39M
Tax Assets	$39M
Other Non-Current Assets	$31M
TOTAL NON-CURRENT ASSETS	$507M
TOTAL ASSETS	$1.1B
Account Payables	$103M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$9M
TOTAL CURRENT LIABILITIES	$145M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$39M
Other Non-Current Liabilities	$51M
TOTAL NON-CURRENT LIABILITIES	$90M
TOTAL LIABILITIES	$236M
Common Stock	$22M
Additional Paid-In Capital	$0
Retained Earnings	$907M
Treasury Stock	$0
Accum. Other Comp. Income	-$17M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$912M
Minority Interest	$0
TOTAL EQUITY	$912M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$0
Net Debt	-$91M