The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Total operating revenues | - | - | - | 2,647,592 |
| Operating costs and expenses-Contract Drilling | - | - | - | 832,180 |
| Operating costs and expenses-Pressure Pumping | - | - | - | 781,385 |
| Operating costs and expenses-Directional Drilling | - | - | - | 179,135 |
| Operating costs and expenses-Other | - | - | - | 53,850 |
| Depreciation, depletion, amortization and impairment | - | - | - | 483,945 |
| Impairment of goodwill | - | - | - | 0 |
| Selling, general and administrative | - | - | - | 116,589 |
| Credit loss expense | - | - | - | 0 |
| Merger and integration expenses | - | - | - | 2,069 |
| Restructuring expenses | - | - | - | 0 |
| Other operating (income) expenses, net | - | - | - | 12,592 |
| Total operating costs and expenses | - | - | - | 2,436,561 |
| Operating income (loss) | - | - | - | 211,031 |
| Interest income | - | - | - | 360 |
| Interest expense, net of amount capitalized | - | - | - | 40,256 |
| Other | - | - | - | -3,273 |
| Total other expense | - | - | - | -43,169 |
| Income (loss) from continuing operations before income taxes | - | - | - | 167,862 |
| Income tax expense (benefit) | - | - | - | 13,204 |
| Income (loss) from continuing operations | - | - | - | 154,658 |
| Income from discontinued operations, net of tax | - | - | - | 0 |
| Net income (loss) | -93,054 | -966,399 | 245,952 | 154,658 |
| Depreciation, depletion, amortization and impairment | 940,264 | 1,171,873 | 731,416 | 483,945 |
| Impairment of goodwill | 0 | 885,240 | - | 0 |
| Dry holes and abandonments | - | - | - | 119 |
| Deferred income tax expense (benefit) | -21,677 | -1,765 | 51,866 | 6,998 |
| Stock-based compensation | 39,286 | 46,352 | 46,750 | 21,099 |
| Net gain on asset disposals | 693 | 3,688 | 1,798 | 12,075 |
| Net gain on insurance reimbursement | - | - | - | 0 |
| Write-down of capacity reservation contract | - | - | - | 0 |
| Credit loss expense | - | - | - | 0 |
| Gain on early debt extinguishment | - | - | 1,112 | 2,461 |
| Amortization of debt discount and issuance costs | - | - | - | 835 |
| Other | -737 | -7,936 | -59 | - |
| Accounts receivable | -40,578 | -203,652 | -84,544 | 209,226 |
| Inventory | 1,775 | 11,463 | 30,793 | - |
| Income taxes receivable/payable | - | - | - | 4,171 |
| Other current assets | -16,011 | -19,599 | 10,360 | - |
| Inventory and other assets | - | - | - | 14,154 |
| Other assets | -16,520 | -33,760 | -24,686 | - |
| Accounts payable | 71,293 | -112,858 | -69,729 | 38,986 |
| Accrued liabilities | -21,518 | -66,582 | -23,484 | 65,091 |
| Other liabilities | -24,753 | -30,121 | -42,083 | 28,202 |
| Net cash used in operating activities of discontinued operations | - | - | 0 | 0 |
| Net cash provided by operating activities | 961,219 | 1,175,536 | 1,005,914 | 566,188 |
| Acquisitions, net of cash acquired - nextier | 0 | 0 | 0 | 0 |
| Acquisitions, net of cash acquired - ulterra | 0 | -2,983 | 65,185 | - |
| Acquisitions, net of cash acquired - ulterra | - | - | 357,314 | - |
| Purchases of property and equipment | 589,029 | 678,386 | 615,690 | 436,797 |
| Investment in unconsolidated affiliate | 10,500 | - | - | - |
| Proceeds from disposal of assets and insurance claims | - | - | 26,494 | 26,074 |
| Proceeds from disposal of assets, including insurance recoveries | 44,117 | 25,832 | - | - |
| Other | 11,741 | 5,173 | 5,895 | 2,504 |
| Net cash provided by investing activities of discontinued operations | - | - | 0 | 0 |
| Net cash used in investing activities | -567,153 | -654,744 | -1,017,590 | -413,227 |
| Purchases of treasury stock | 69,636 | 290,427 | 200,710 | 70,070 |
| Dividends paid | 122,453 | 126,791 | 100,034 | 43,096 |
| Proceeds from borrowings under revolving credit facility | 0 | 50,000 | 420,000 | 150,000 |
| Repayment of borrowings under revolving credit facility | 0 | 50,000 | 420,000 | 150,000 |
| Proceeds from issuance of senior notes | 0 | 0 | 396,412 | - |
| Repayment of senior notes | 0 | 0 | 7,837 | 19,760 |
| Repayment of term loan | - | - | 0 | 0 |
| Payments of finance leases | 7,823 | 45,484 | 15,915 | - |
| Debt issuance costs | - | - | 2,395 | 455 |
| Other | -10,820 | -12,290 | -3,954 | - |
| Net cash provided by (used in) financing activities | -210,732 | -474,992 | 65,567 | -133,381 |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | -3,985 | 2,813 | 1,236 | 449 |
| Net change in cash, cash equivalents and restricted cash | 179,349 | 48,613 | 55,127 | 20,029 |
| Cash and cash equivalents at beginning of period | 241,293 | 192,680 | 137,553 | 117,524 |
| Cash and cash equivalents at end of period | 420,642 | 241,293 | 192,680 | 137,553 |
PATTERSON UTI ENERGY INC (PTEN)
PATTERSON UTI ENERGY INC (PTEN)