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Asset logo for symbol PTEN
Patterson-UTI Energy
PTEN61
$8.01arrow_drop_up1.13%$0.09
Asset logo for symbol PTEN
PTEN61

$8.01

arrow_drop_up1.13%

Income Statement (PTEN)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
EBIT$45.08M$88.05M$124.53M$81.40M$115.93M
EBITDA$312.72M$363.00M$403.32M$279.04M$116.05M
gross Profit$109.39M$158.26M$186.41M$122.35M$143.98M
NET Income$11.07M$51.23M$61.95M$50.00K$84.61M
total Revenue$1.34B$1.51B$1.58B$1.01B$758.88M

Balance Sheet (PTEN)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
cash Equivalents-----
net Debt$1.23B$1.15B$1.15B$1.28B$694.16M
stockholders Equity$4.59B$4.74B$4.81B$4.85B$1.72B
total Assets$7.02B$7.22B$7.42B$7.42B$3.11B
total Debt$1.31B$1.32B$1.34B$1.34B$844.44M
total Liabilities$2.41B$2.47B$2.59B$2.56B$1.39B

Cash Flow (PTEN)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
financing Cash Flow-$170.94M-$161.58M-$122.74M$330.57M-$43.92M
free Cash Flow$67.01M$138.95M$247.35M-$4.34M$30.46M
investing Cash Flow-----$125.86M
operating Cash Flow$197.52M$365.89M$452.63M$156.07M$162.85M

Patterson-UTI Energy (PTEN) Financials

The income statement for Patterson-UTI Energy Inc (PTEN) provides a snapshot of the company's financial performance. It includes key figures such as revenue, gross profit, operating income, and net income. The revenue represents the total amount of money generated by the company from its operations. Gross profit is calculated by subtracting the cost of goods sold from the revenue. It reflects the profitability of the company's core operations.
EBIT, or earnings before interest and taxes, is a measure of the company's operating profitability. It is calculated by subtracting operating expenses, excluding interest and taxes, from revenue. EBITDA, or earnings before interest, taxes, depreciation, and amortization, is a similar measure that adds back non-cash expenses such as depreciation and amortization. Both EBIT and EBITDA provide insight into the company's ability to generate profits from its operations.
Net income is the bottom line of the income statement and represents the profit earned by the company after all expenses, including taxes and interest, have been deducted. It is the final amount available to the company's stockholders. The balance sheet provides a snapshot of the company's financial position at a specific point in time. It includes assets, liabilities, and stockholders' equity.
Total assets represent the company's resources, including cash, inventory, property, and equipment. Liabilities are the company's obligations, such as loans and accounts payable. Stockholders' equity represents the amount of money invested by shareholders in the company. It is calculated by subtracting liabilities from assets.
Cash equivalents, as stated on the balance sheet, are highly liquid assets that can be easily converted into cash. They include short-term investments and treasury bills. Net debt is the difference between a company's total debt and its cash and cash equivalents. It indicates the company's ability to repay its debts using its available cash.
The cash flow statement provides information about the company's cash inflows and outflows during a specific period. It is divided into three sections: operating activities, investing activities, and financing activities. Operating cash flow represents the cash generated from the company's core operations. Investing cash flow represents the cash used for investments in property, plant, and equipment. Financing cash flow represents the cash obtained or paid for financing activities, such as issuing or repaying debt or issuing or buying back stock.
Free cash flow is a measure of the company's ability to generate cash after accounting for capital expenditures. It is calculated by subtracting capital expenditures from operating cash flow. Positive free cash flow indicates that the company has excess cash available for other purposes, such as paying dividends or reducing debt. Negative free cash flow indicates that the company is using more cash than it generates from its operations and investments.
Understanding a company's financial statements, including its income statement, balance sheet, and cash flow statement, is crucial for investors and analysts. These financial statements provide insights into a company's past performance, current financial position, and future prospects. By analyzing the financial statements, investors can make informed decisions about whether to buy, hold, or sell a company's stock.
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