For the year ending 2025-12-31, PTEN has $5,570,466K in assets. $2,345,751K in debts.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | 420,642 | 241,293 | 192,680 | 137,553 |
| Accounts receivable, net of allowance for credit losses of 14,469 and 15,047 at december31, 2025 and 2024, respectively | 723,277 | 763,806 | 971,091 | 565,520 |
| Federal and state income taxes receivable | - | - | - | 399 |
| Inventory | 160,280 | 167,023 | 180,805 | 58,038 |
| Other current assets | 113,892 | 123,193 | 141,122 | 67,909 |
| Total current assets | 1,418,091 | 1,295,315 | 1,485,698 | 829,419 |
| Total property and equipment | - | - | 9,152,221 | 7,986,077 |
| Less accumulated depreciation, depletion, amortization and impairment | - | - | 5,811,809 | 5,725,501 |
| Property and equipment, net | 2,711,037 | 3,010,342 | 3,340,412 | 2,260,576 |
| Operating lease right of use asset | 42,982 | 44,385 | 47,599 | 20,841 |
| Finance lease right of use asset | 14,932 | 27,018 | 63,228 | - |
| Goodwill | 487,388 | 487,388 | 1,379,741 | - |
| 2023 | - | - | - | 1,454 |
| 2024 | - | - | - | 1,454 |
| 2025 | - | - | - | 1,269 |
| 2026 | - | - | - | 777 |
| 2027 | - | - | - | 777 |
| Gross carrying amount | - | - | 1,097,832 | - |
| Thereafter | - | - | - | 114 |
| Accumulated amortization | - | - | 46,135 | - |
| Intangible assets, net | 814,810 | 929,610 | 1,051,697 | 5,845 |
| Deposits on equipment purchases | 11,757 | 15,699 | 28,305 | 13,051 |
| Other assets | 69,469 | 23,709 | 19,424 | 10,881 |
| Deferred tax assets, net | - | 0 | 3,927 | 3,210 |
| Total assets | 5,570,466 | 5,833,466 | 7,420,031 | 3,143,823 |
| Accounts payable | 470,782 | 421,318 | 534,420 | 237,056 |
| Federal and state income taxes payable | - | - | - | 4,644 |
| Accrued liabilities | 366,488 | 385,751 | 446,268 | 304,143 |
| Operating lease liability | 18,652 | 13,322 | 13,541 | 5,123 |
| Finance lease liability | 7,720 | 15,214 | 43,980 | - |
| Current maturities of long-term debt | 0 | 6,388 | 12,226 | - |
| Total current liabilities | 863,642 | 841,993 | 1,050,435 | 550,966 |
| Long-term operating lease liability | 27,607 | 34,305 | 37,848 | 19,594 |
| Long-term finance lease liability | 5,453 | 10,216 | 12,953 | - |
| Long-term debt | - | - | - | 836,405 |
| Less deferred financing costs and discounts | - | - | - | 5,468 |
| Long-term debt, net of debt discount and issuance costs of 6,362 and 7,637 at december31, 2025 and 2024, respectively | 1,221,038 | 1,219,770 | 1,224,941 | 830,937 |
| Deferred tax liabilities, net | 215,818 | 238,097 | 248,107 | 28,738 |
| Other liabilities | 12,193 | 13,241 | 25,066 | 48,065 |
| Total liabilities | 2,345,751 | 2,357,622 | 2,599,350 | 1,478,300 |
| Common stock, par value 0.01 authorized 800,000,000 and 800,000,000 shares with 523,736,898 and 520,784,783 issued and 379,301,646 and 387,344,755 outstanding at december31, 2025 and 2024, respectively | 5,236 | 5,206 | 5,166 | 3,023 |
| Additional paid-in capital | 6,492,862 | 6,453,606 | 6,407,294 | 3,202,973 |
| Retained earnings (deficit) | -1,257,691 | -1,039,338 | 57,035 | -87,394 |
| Accumulated other comprehensive income (loss) | -1,155 | -2,584 | 472 | 0 |
| Treasury stock, at cost, 144,435,252 shares and 133,440,028 shares at december31, 2025 and 2024, respectively | 2,020,714 | 1,951,067 | 1,657,675 | 1,453,079 |
| Total stockholders equity attributable to controlling interests | 3,218,538 | 3,465,823 | 4,812,292 | 1,665,523 |
| Noncontrolling interest | 6,177 | 10,021 | 8,389 | - |
| Total equity | 3,224,715 | 3,475,844 | 4,820,681 | - |
| Total liabilities and stockholders equity | 5,570,466 | 5,833,466 | 7,420,031 | 3,143,823 |
PATTERSON UTI ENERGY INC (PTEN)
PATTERSON UTI ENERGY INC (PTEN)