Patterson Uti Energy Inc financial data

Symbol
PTEN on Nasdaq
Industry
Drilling Oil & Gas Wells
Location
10713 West Sam Houston Parkway North, Suite 800, Houston, Texas
State of incorporation
Delaware
Fiscal year end
December 31
Former names
PATTERSON ENERGY INC (to 4/23/2001)
Latest financial report
Q1 2024 - May 6, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 146 % -3.17%
Quick Ratio 17.9 % +45.4%
Debt-to-equity 56 % -35.5%
Return On Equity 4.9 % -71.7%
Return On Assets 3.14 % -66%
Operating Margin 8.49 % +6.52%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 402 M shares +92.9%
Common Stock, Shares, Outstanding 404 M shares +94.1%
Entity Public Float 2.4 B USD -29.4%
Common Stock, Value, Issued 5.18 M USD +71.3%
Weighted Average Number of Shares Outstanding, Basic 408 M shares +92.5%
Weighted Average Number of Shares Outstanding, Diluted 410 M shares +89.8%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 1.51 B USD +90.8%
Revenue from Contract with Customer, Excluding Assessed Tax 4.15 B USD +56.6%
Costs and Expenses 4.55 B USD +76.8%
Operating Income (Loss) 313 M USD -12.1%
Nonoperating Income (Expense) -54 M USD -34.1%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 259 M USD -17.9%
Income Tax Expense (Benefit) 61 M USD +87.8%
Net Income (Loss) Attributable to Parent 198 M USD -30.1%
Earnings Per Share, Basic 0.54 USD/shares -59.1%
Earnings Per Share, Diluted 0.55 USD/shares -57.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 168 M USD +6.65%
Accounts Receivable, after Allowance for Credit Loss, Current 873 M USD +77%
Inventory, Net 183 M USD +181%
Other Assets, Current 129 M USD +100%
Assets, Current 1.35 B USD +73.6%
Deferred Income Tax Assets, Net 4.78 M USD +34%
Property, Plant and Equipment, Net 3.32 B USD +47.3%
Operating Lease, Right-of-Use Asset 51.3 M USD +158%
Goodwill 1.38 B USD
Other Assets, Noncurrent 18.6 M USD +76.6%
Assets 7.23 B USD +134%
Accounts Payable, Current 545 M USD +101%
Accrued Liabilities, Current 324 M USD +58.8%
Contract with Customer, Liability, Current 22 M USD
Liabilities, Current 917 M USD +88.3%
Contract with Customer, Liability, Noncurrent 1.8 M USD
Deferred Income Tax Liabilities, Net 268 M USD +466%
Operating Lease, Liability, Noncurrent 40.2 M USD +119%
Other Liabilities, Noncurrent 16.2 M USD -63.7%
Liabilities 2.47 B USD +74.3%
Accumulated Other Comprehensive Income (Loss), Net of Tax -521 K USD
Retained Earnings (Accumulated Deficit) 75.3 M USD
Stockholders' Equity Attributable to Parent 4.74 B USD +184%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 4.75 B USD +184%
Liabilities and Equity 7.23 B USD +134%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 366 M USD +56.1%
Net Cash Provided by (Used in) Financing Activities -162 M USD -64.3%
Net Cash Provided by (Used in) Investing Activities -227 M USD -95.5%
Common Stock, Shares Authorized 800 M shares +100%
Common Stock, Shares, Issued 518 M shares +71.3%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -22.4 M USD -214%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 170 M USD +8.29%
Interest Paid, Excluding Capitalized Interest, Operating Activities 10 M USD +13.1%
Deferred Tax Assets, Valuation Allowance 75.3 M USD -17.9%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 600 M USD +37.5%
Operating Lease, Liability 51.4 M USD +108%
Payments to Acquire Property, Plant, and Equipment 725 M USD +57.8%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 197 M USD -28.8%
Lessee, Operating Lease, Liability, to be Paid 60.3 M USD +113%
Property, Plant and Equipment, Gross 9.3 B USD +15.6%
Operating Lease, Liability, Current 13.9 M USD +176%
Lessee, Operating Lease, Liability, to be Paid, Year Two 13 M USD +154%
Lessee, Operating Lease, Liability, to be Paid, Year One 16.4 M USD +177%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure +48.8%
Deferred Income Tax Expense (Benefit) 19.5 M USD +6.58%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 8.87 M USD +151%
Lessee, Operating Lease, Liability, to be Paid, Year Three 9.39 M USD +112%
Deferred Tax Assets, Operating Loss Carryforwards 499 M USD +30.3%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 44.4 M USD +275%
Current Income Tax Expense (Benefit) 8.58 M USD +46%
Preferred Stock, Shares Authorized 1 M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 7.13 M USD +88.4%
Operating Lease, Payments 8.94 M USD +30.3%
Current State and Local Tax Expense (Benefit) 7 M USD +165%
Current Federal Tax Expense (Benefit) 0 USD -100%
Amortization of Intangible Assets 30.5 M USD +3713%
Depreciation, Depletion and Amortization 188 M USD +55.4%
Deferred Tax Assets, Net of Valuation Allowance 525 M USD +52.3%
Deferred State and Local Income Tax Expense (Benefit) 11.3 M USD
Interest Expense 62.4 M USD +62%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%