← PATTERSON UTI ENERGY INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($318.6m) | $5.9m | ($321.4m) | ($425.7m) | ($803.7m) | ($654.5m) | $154.7m | $246.3m | ($968.0m) | ($93.6m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($318.6m) | $5.7m | ($321.4m) | ($425.7m) | ($803.7m) | ($654.5m) | $154.7m | $246.3m | ($968.0m) | ($93.6m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $246.0m | ($966.4m) | ($93.1m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | ($657.1m) | $154.7m | $246.0m | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | ($340k) | $1.6m | $581k | |
| Amortization of Debt Issuance Costs | $4.1m | $2.6m | $2.0m | $2.0m | $1.1m | $1.0m | $1.0m | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | $2.3m | $346k | $830k | $937k | $912k | $839k | $835k | — | — | — | |
| Amortization of Intangible Assets | $3.6m | $24.3m | $18.3m | $17.9m | $19.3m | $24.0m | $1.3m | $41.5m | $124.0m | $126.0m | |
| Deferred Income Tax Expense (Benefit) | ($152.2m) | ($330.3m) | ($41.2m) | ($103.2m) | ($125.3m) | ($63.0m) | $7.0m | $51.9m | ($1.8m) | ($21.7m) | |
| Share-based Payment Arrangement, Noncash Expense | $28.3m | $44.5m | $37.9m | $39.3m | $26.6m | $21.6m | $21.1m | $46.8m | $46.4m | $39.3m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | $750k | — | — | — | $40.7m | |
| Goodwill, Impairment Loss | — | — | $211.1m | $17.8m | $395.1m | $0 | $0 | — | $885.2m | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | $0 | $0 | $0 | $0 | $11.4m | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($24.0m) | $3.6m | $0 | $2.5m | $1.1m | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $14.8m | $33.5m | $29.0m | $13.9m | $3.1m | $1.4m | $12.1m | $1.8m | $3.7m | $693k | |
| Income Tax Expense (Benefit) | ($177.6m) | ($333.7m) | ($46.0m) | ($104.7m) | ($127.3m) | ($62.7m) | $13.2m | $61.2m | $9.5m | ($9.9m) | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $72.0m | $70.5m | |
| Other Nonoperating Income (Expense) | $69k | $343k | $750k | $389k | $756k | ($275k) | ($3.3m) | $1.9m | ($975k) | $1.7m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($72.3m) | $239.5m | ($23.5m) | ($213.6m) | ($173.9m) | $147.4m | $209.2m | ($84.5m) | ($203.7m) | ($40.6m) | |
| Increase (Decrease) in Inventories | — | — | — | — | — | — | — | $30.8m | $11.5m | $1.8m | |
| Increase (Decrease) in Accounts Payable | $12.0m | $104.1m | ($69.5m) | ($77.7m) | ($48.6m) | $50.9m | $39.0m | ($69.7m) | ($112.9m) | $71.3m | |
| Asset Retirement Obligation, Accretion Expense | $166k | — | — | — | — | — | — | — | — | — | |
| Goodwill | $86.2m | $611.5m | $410.8m | $395.1m | — | $0 | $0 | $1.4b | $487.4m | $487.4m | |
| Inventory Write-down | — | — | — | — | — | $4.0m | $0 | — | — | — | |
| Investment Income, Interest | $327k | $1.9m | $5.6m | $6.0m | $1.3m | $222k | $360k | $6.1m | $5.7m | $6.6m | |
| Nonoperating Income (Expense) | ($40.0m) | ($35.3m) | ($45.2m) | ($68.8m) | ($38.8m) | ($42.0m) | ($43.2m) | ($44.9m) | ($67.2m) | ($62.2m) | |
| Proceeds from Stock Options Exercised | $268k | $123k | $485k | — | — | — | — | — | — | — | |
| Restructuring Costs | — | — | — | — | $38.3m | $0 | $0 | — | — | — | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | — | $2.5m | — | — | — | — | |
| Other Operating Income (Expense), Net | $14.3m | $32.0m | $17.6m | $2.3m | ($7.1m) | ($763k) | $12.6m | $17.1m | $10.7m | ($14.6m) | |
| Net Cash Provided by (Used in) Operating Activities | $305.0m | $300.7m | $730.7m | $696.2m | $278.9m | $95.5m | $566.2m | $1.0b | $1.2b | $961.2m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $119.8m | $567.1m | $641.5m | $347.5m | $145.5m | $166.3m | $436.8m | $615.7m | $678.4m | $589.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | ($155k) | $502.0m | $14.2m | $13k | — | $29.4m | $0 | $0 | $0 | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($97.8m) | ($1.0b) | ($584.6m) | ($301.8m) | ($125.0m) | ($131.6m) | ($413.2m) | ($1.0b) | ($654.7m) | ($567.2m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | $521.2m | — | — | — | — | — | — | — | |
| Repayments of Long-term Debt | $255.0m | — | — | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $3.6m | $6.8m | $161.7m | $255.5m | $21.2m | $6.3m | $70.1m | $200.7m | $290.4m | $69.6m | |
| Dividends paid | $23.6m | $16.3m | $30.6m | $32.4m | $18.9m | $15.6m | $43.1m | $100.0m | $126.8m | $122.5m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | ($4.0m) | ($12.3m) | ($10.8m) | |
| Net Cash Provided by (Used in) Financing Activities | ($285.3m) | $716.6m | $56.9m | ($465.2m) | ($103.2m) | ($71.9m) | ($133.4m) | $65.6m | ($475.0m) | ($210.7m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($70.8m) | $50.7m | ($107.4m) | $20.0m | $55.1m | $48.6m | $179.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | ($2k) | $640k | $137.6m | $192.7m | $241.3m | $420.6m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $36.6m | $35.0m | $41.2m | $76.9m | $43.4m | $40.5m | $39.9m | $39.6m | $68.6m | $66.9m | |
| Income Taxes Paid, Net | ($52.7m) | $3.9m | $3.2m | ($1.5m) | $3.7m | $4.2m | ($1.5m) | ($27.2m) | ($14.8m) | $8.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.