Independence Contract Drilling

The Company constructs, owns and operates a fleet comprised of constructed, technologically advanced, custom designed ShaleDriller rigs that are specifically engineered and designed to optimize the development of its customers’ technically demanding oil and gas properties. Its fleet consists of eleven premium rigs. Its AC rigs use a variable frequency drive that allows precise computer control of motor speed during operations. Its multi-directional walking system is engineered and designed as an integrated part of its ShaleDriller rig’s substructure to optimize pad drilling economics for the Company’s customers. Nine of the Company’s eleven ShaleDriller rigs are bi-fuel capable.
Type
Public
HQ
Houston, US
Founded
2011
Size (employees)
102 (est)
Independence Contract Drilling was founded in 2011 and is headquartered in Houston, US

Independence Contract Drilling Office Locations

Independence Contract Drilling has an office in Houston
Houston, US (HQ)
11601 N Galayda St

Independence Contract Drilling Data and Metrics

Independence Contract Drilling Financial Metrics

Independence Contract Drilling's revenue was reported to be $70.1 m in FY, 2016 which is a 21% decrease from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

70.1 m

Revenue growth (FY, 2015 - FY, 2016), %

(21%)

Net income (FY, 2016)

(22.2 m)

EBIT (FY, 2016)

(18.9 m)

Market capitalization (25-May-2017)

144.7 m

Closing share price (25-May-2017)

4.1

Cash (31-Dec-2016)

7.1 m

EV

164.1 m
Independence Contract Drilling's current market capitalization is $144.7 m.
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Revenue

70.3 m88.4 m70.1 m

Revenue growth, %

26%(21%)

General and administrative expense

12.2 m14.5 m16.1 m

Operating expense total

42.7 m52.1 m43.3 m

EBIT

(33.1 m)(5 m)(18.9 m)

EBIT margin, %

(47%)(6%)(27%)

Interest expense

(1.6 m)(3.3 m)(3 m)

Pre tax profit

(31.5 m)(8.2 m)(22 m)

Income tax expense

(3.4 m)(325 k)202 k

Net Income

(28.2 m)(7.9 m)(22.2 m)
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Cash

10.8 m5.3 m7.1 m

Accounts Receivable

19.1 m18.2 m11.5 m

Inventories

4 m3.4 m2.3 m

Current Assets

36.3 m29.3 m27.9 m

PP&E

250.5 m283.4 m273.2 m

Total Assets

289.5 m314.8 m302.1 m

Accounts Payable

22 m8.6 m10 m

Total Debt

22.7 m26.5 m

Current Liabilities

29.4 m18.8 m18.3 m

Additional Paid-in Capital

272.8 m276.9 m323.9 m

Retained Earnings

(35.3 m)(43.2 m)(65.3 m)

Total Equity

232.7 m257.3 m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0.1 x0.1 x

Financial Leverage

1.4 x1.2 x
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Net Income

(28.2 m)(7.9 m)(22.2 m)

Depreciation and Amortization

16.2 m21.2 m23.8 m

Accounts Receivable

(10.2 m)755 k6.8 m

Inventories

(1.4 m)(263 k)55 k

Accounts Payable

(71.9 m)57.1 m

Cash From Operating Activities

3.8 m27.4 m17 m

Purchases of PP&E

(115.4 m)(75.5 m)(21.1 m)

Cash From Investing Activities

(112.7 m)(72.2 m)(20.1 m)

Short-term Borrowings

(526 k)

Cash From Financing Activities

116.9 m39.4 m4.8 m

Interest Paid

1.9 m
Numbers are in $, USDY, 2016

EV/EBIT

-8.7 x

EV/CFO

9.7 x

Revenue/Employee

686.9 k

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.2 x

Independence Contract Drilling Market Value History

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