← National Energy Services Reunited Corp.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||
| Current assets: | ||||||||||
| Cash and Cash Equivalents, at Carrying Value | $741k | $24.9m | $73.2m | $75.0m | $205.8m | $78.9m | $67.8m | $108.0m | $124.8m | |
| Accounts Receivable | — | $95.1m | $76.3m | $158.5m | $108.5m | $148.7m | $171.3m | $137.3m | $178.0m | |
| Allowance For Doubtful Accounts Receivable | — | — | — | — | — | ($12.7m) | ($9.7m) | ($15.2m) | ($13.8m) | |
| Cash And Cash Equivalents | — | — | — | — | — | $78.9m | $67.8m | $108.0m | $124.8m | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | — | $78.9m | $67.8m | $108.0m | $124.8m | |
| Gross Accounts Receivable | — | — | — | — | — | $161.4m | $181.0m | $152.5m | $191.8m | |
| Other Current Assets | — | — | — | — | — | $16.7m | $10.8m | $7.1m | $10.7m | |
| Other Inventories | — | — | — | — | — | $46.5m | $31.8m | $32.9m | $35.4m | |
| Other Receivables | — | — | — | — | — | $148.5m | $135.8m | $150.2m | $175.7m | |
| Prepaid Assets | — | — | — | — | — | $337k | $9.2m | $10.1m | $13.2m | |
| Taxes Receivable | — | — | — | — | — | $34.3m | $48.4m | $31.1m | $33.1m | |
| Cash and Cash Equivalents | — | $24.9m | $73.2m | $75.0m | $205.8m | $78.9m | $67.8m | $108.0m | $124.8m | |
| Prepaid Expenses | — | $6.9m | $9.6m | $11.5m | $6.0m | $337k | $9.2m | $10.1m | — | |
| Inventory, Net | $32.3m | $58.2m | $78.8m | $94.3m | $93.9m | $110.5m | $98.4m | $96.8m | $94.8m | |
| Accounts Receivable, after Allowance for Credit Loss | — | $62.6m | $98.8m | $116.8m | $130.4m | $148.7m | $171.3m | — | — | |
| Assets, Current | $869k | $299.6m | $403.2m | $515.2m | $627.4m | $537.8m | $541.7m | $540.5m | $630.4m | |
| Total current assets | — | $299.6m | $403.2m | $515.2m | $627.4m | $537.8m | $541.7m | $540.5m | — | |
| Property, Plant and Equipment, Net | — | $328.7m | $419.3m | $437.7m | $425.5m | $461.1m | $442.7m | $438.1m | $465.5m | |
| Goodwill | — | $570.5m | $574.8m | $620.9m | $645.1m | $645.1m | $645.1m | $645.1m | $645.1m | |
| Intangible Assets, Net (Excluding Goodwill) | — | $138.1m | $122.7m | $110.4m | $121.6m | $102.9m | $84.3m | $65.7m | $47.1m | |
| Goodwill And Other Intangible Assets | — | — | — | — | — | $748.0m | $729.4m | $710.8m | $692.2m | |
| Other Intangible Assets | — | — | — | — | — | $102.9m | $84.3m | $65.7m | $47.1m | |
| Intangible Assets | — | $138.1m | $122.7m | $110.4m | $121.6m | $102.9m | $84.3m | $65.7m | — | |
| Operating Lease, Right-of-Use Asset | — | — | — | — | — | $30.0m | $31.6m | $26.0m | $20.3m | |
| Other Assets, Noncurrent | — | $6.3m | $2.4m | $2.8m | $11.7m | $51.5m | $52.3m | $58.2m | $43.2m | |
| Additional Financial Items | ||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | — | $62.6m | $98.8m | $116.8m | $130.4m | $148.7m | $171.3m | $137.3m | $178.0m | |
| Accumulated Depreciation | — | — | — | — | — | ($323.3m) | ($420.8m) | ($443.4m) | ($522.1m) | |
| Buildings And Improvements | — | — | — | — | — | $52.4m | $57.0m | $55.3m | $56.9m | |
| Capital Lease Obligations | — | — | — | — | — | $31.3m | $32.6m | $26.3m | $21.4m | |
| Construction In Progress | — | — | — | — | — | $11.3m | $14.1m | $40.3m | $76.6m | |
| Current Capital Lease Obligation | — | — | — | — | — | $6.3m | $7.4m | $5.4m | $2.9m | |
| Current Debt | — | — | — | — | — | $143.2m | $120.6m | $128.5m | $118.8m | |
| Current Debt And Capital Lease Obligation | — | — | — | — | — | $149.5m | $128.0m | $133.9m | $121.7m | |
| Employee Benefits | — | — | — | — | — | $24.4m | $28.9m | $31.8m | $36.3m | |
| Gross PPE | — | — | — | — | — | $814.4m | $474.3m | $907.6m | $1.0b | |
| Income Tax Payable | — | — | — | — | — | $7.3m | $8.4m | $7.7m | $25.1m | |
| Invested Capital | — | — | — | — | — | $1.3b | $1.3b | $1.3b | $1.3b | |
| Land And Improvements | — | — | — | — | — | $11.7m | $11.7m | $11.7m | $11.7m | |
| Line Of Credit | — | — | — | — | — | $89.9m | $48.9m | $59.7m | $54.2m | |
| Long Term Capital Lease Obligation | — | — | — | — | — | $25.1m | $25.1m | $20.8m | $18.4m | |
| Machinery Furniture Equipment | — | — | — | — | — | $31.7m | $31.2m | $26.4m | $24.1m | |
| Net Debt | — | — | — | — | — | $456.2m | $384.4m | $274.9m | $185.3m | |
| Net PPE | — | — | — | — | — | $491.0m | $474.3m | $464.2m | $485.8m | |
| Net Tangible Assets | — | — | — | — | — | $54.3m | $92.1m | $197.4m | $275.7m | |
| Non Current Deferred Liabilities | — | — | — | — | — | $0 | $0 | $5.6m | $1.7m | |
| Ordinary Shares Number | — | — | — | — | — | $94.0m | $95.0m | $96.0m | $100.8m | |
| Other Current Borrowings | — | — | — | — | — | $53.4m | $71.7m | $68.7m | $64.5m | |
| Other Current Liabilities | — | — | — | — | — | $26.2m | $31.1m | $29.1m | $24.7m | |
| Other Equity Adjustments | — | — | — | — | — | $69k | $69k | $69k | $69k | |
| Other Non Current Assets | — | — | — | — | — | $51.5m | $52.3m | $58.2m | $43.2m | |
| Other Non Current Liabilities | — | — | — | — | — | $40.6m | $57.2m | $49.3m | $30.8m | |
| Other Properties | — | — | — | — | — | $30.0m | $474.3m | $26.0m | $20.3m | |
| Properties | — | — | — | — | — | $677.3m | $749.5m | $747.9m | $818.1m | |
| Raw Materials | — | — | — | — | — | $64.0m | $66.6m | $63.8m | $59.5m | |
| Share Issued | — | — | — | — | — | $94.0m | $95.0m | $96.0m | $100.8m | |
| Tangible Book Value | — | — | — | — | — | $54.3m | $92.1m | $197.4m | $275.7m | |
| Working Capital | — | — | — | — | — | ($6.3m) | $8.3m | $37.0m | $25.5m | |
| Retention withholdings | — | $22.0m | $41.0m | $36.8m | $41.1m | $34.3m | $48.4m | $31.1m | — | |
| Other Non-Operating Current Assets | — | $6.3m | $11.4m | $3.9m | $6.4m | $16.7m | $10.8m | $7.1m | — | |
| Other Non-Operating Non-Current Assets | — | $6.3m | $2.4m | $2.8m | $11.7m | $51.5m | $52.3m | $58.2m | — | |
| Other taxes payable | — | $5.8m | $7.2m | $11.3m | $5.2m | $7.6m | $14.7m | $27.5m | — | |
| Other Non-Operating Current Liabilities | — | $33.3m | $25.6m | $30.4m | $17.8m | $26.2m | $31.1m | $29.1m | — | |
| Employee benefit liabilities (Note 11) | — | $13.8m | $16.7m | $21.5m | $23.5m | $24.4m | $28.9m | $31.8m | — | |
| Other Non-Operating Non-Current Liabilities | — | $19.5m | $34.2m | $32.1m | $37.2m | $40.6m | $57.2m | $49.3m | — | |
| Accrued Liabilities, Current | — | $39.0m | $69.1m | $73.8m | — | — | — | — | — | |
| Total Capitalization | — | — | — | — | — | $1.2b | $1.2b | $1.2b | $1.2b | |
| Total Debt | — | — | — | — | — | $566.4m | $484.7m | $409.1m | $331.5m | |
| Total Non Current Assets | — | — | — | — | — | $1.3b | $1.3b | $1.2b | $1.2b | |
| Total Tax Payable | — | — | — | — | — | $14.9m | $23.1m | $35.2m | $37.4m | |
| Total long-lived assets | $264.3m | $328.7m | $419.3m | $437.7m | $425.5m | $461.1m | $442.7m | $438.1m | — | |
| Total equity | $389.4m | $831.0m | $886.5m | $944.4m | $821.0m | $802.3m | $821.5m | $908.2m | — | |
| Assets | $231.4m | $1.3b | $1.5b | $1.7b | $1.8b | $1.8b | $1.8b | $1.8b | $1.9b | |
| Total Assets | — | $1.3b | $1.5b | $1.7b | $1.8b | $1.8b | $1.8b | $1.8b | $1.9b | |
| Total assets | — | $1.3b | $1.5b | $1.7b | $1.8b | $1.8b | $1.8b | $1.8b | $1.9b | |
| LIABILITIES AND EQUITY | ||||||||||
| Current liabilities: | ||||||||||
| Operating Lease, Liability, Current | — | — | — | — | — | $6.3m | $7.4m | $5.4m | $2.9m | |
| Accounts Payable, Current | — | $66.3m | $65.7m | $144.6m | $314.6m | $353.5m | $351.2m | $305.3m | $421.1m | |
| Long-term Debt, Current Maturities | — | $45.1m | $15.0m | $47.5m | $8.8m | $53.4m | $71.7m | $68.7m | $64.5m | |
| Operating Lease, Liability, Noncurrent | — | — | — | — | — | $25.1m | $25.1m | $20.8m | $18.4m | |
| Long-term Debt, Excluding Current Maturities | — | $225.2m | $330.6m | $308.6m | $508.8m | $391.9m | $331.6m | $254.4m | $191.4m | |
| Deferred Revenue, Noncurrent | $9.0m | — | — | — | — | — | — | — | — | |
| Payables And Accrued Expenses | — | — | — | — | — | $368.4m | $374.3m | $340.5m | $458.5m | |
| Current Portion of Long-Term Debt | — | $45.1m | $15.0m | $47.5m | $8.8m | $53.4m | $71.7m | $68.7m | — | |
| Accrued Income Taxes | — | $11.0m | $7.5m | $9.4m | $7.2m | $7.3m | $8.4m | $7.7m | — | |
| Liabilities, Current | $3.5m | $223.1m | $228.1m | $359.4m | $431.9m | $544.1m | $533.4m | $503.5m | $604.9m | |
| Total current liabilities | — | $223.1m | $228.1m | $359.4m | $431.9m | $544.1m | $533.4m | $503.5m | — | |
| Other Liabilities, Noncurrent | — | $19.5m | $34.2m | $32.1m | $37.2m | $40.6m | $57.2m | $49.3m | $30.8m | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | — | $416.9m | $356.7m | $275.2m | $209.8m | |
| Non Current Deferred Taxes Liabilities | — | — | — | — | — | $0 | $0 | $5.6m | $1.7m | |
| Deferred Tax Liabilities, Current | — | $30.8m | $26.2m | $21.1m | $8.9m | — | — | $5.6m | — | |
| Deferred Tax Liabilities, Net | — | $33.9m | $29.9m | $25.2m | $8.9m | $19.7m | $17.9m | $13.1m | $9.3m | |
| Liabilities | $12.5m | $512.3m | $635.9m | $742.6m | $1.0b | $1.0b | $976.2m | $865.4m | $883.6m | |
| Total Liabilities Net Minority Interest | $230.1m | $515.5m | $635.9m | $742.6m | $1.0b | $1.0b | $976.2m | $865.4m | $883.6m | |
| Total liabilities | $230.1m | $515.5m | $635.9m | $742.6m | $1.0b | $1.0b | $976.2m | $865.4m | $883.6m | |
| Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount | $164.3m | — | — | — | — | — | — | — | — | |
| Stockholders’ equity: | ||||||||||
| Common Stock, Value, Issued | $57.5m | $801.5m | $801.5m | $826.6m | $856.8m | $877.3m | $883.9m | $894.3m | $902.8m | |
| Additional Paid in Capital | — | $1.0m | $17.2m | — | — | $877.3m | $883.9m | $894.3m | $902.8m | |
| Retained Earnings (Accumulated Deficit) | ($2.9m) | $28.3m | $67.7m | $117.7m | ($35.8m) | ($75.0m) | ($62.4m) | $13.9m | $65.0m | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | $48k | $29k | $64k | $69k | $69k | $69k | $69k | $69k | |
| Common Stock Equity | — | — | — | — | — | $802.3m | $821.5m | $908.2m | $967.9m | |
| Capital Stock | — | — | — | — | — | $877.3m | $883.9m | $894.3m | $902.8m | |
| Gains Losses Not Affecting Retained Earnings | — | — | — | — | — | $69k | $69k | $69k | $69k | |
| Preferred Stock | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Accumulated Other Comprehensive Income | — | $48k | $29k | $64k | $69k | $69k | $69k | $69k | — | |
| Stockholders' Equity Attributable to Parent | $54.6m | $830.9m | $886.5m | $944.4m | $821.0m | $802.3m | — | — | — | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | $67k | — | ($8k) | — | — | — | — | — | |
| Minority Interest | — | — | — | — | $0 | $0 | — | — | — | |
| Total Equity Gross Minority Interest | — | — | — | — | — | $802.3m | $821.5m | $908.2m | $967.9m | |
| Total Non Current Liabilities Net Minority Interest | — | — | — | — | — | $481.9m | $442.8m | $361.9m | $278.7m | |
| Total Stockholders' Equity | — | $801.5m | $801.5m | $826.6m | $856.8m | $877.3m | $883.9m | $894.3m | — | |
| Liabilities and Equity | $231.4m | $1.3b | $1.5b | $1.7b | $1.8b | $1.8b | $1.8b | $1.8b | $1.9b | |
| Total liabilities and equity | — | $1.3b | $1.5b | $1.7b | $1.8b | $1.8b | $1.8b | $1.8b | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.