$239.9 M

ICD Mkt cap, 04-Dec-2018

$28.4 M

Independence Contract Drilling Revenue Q3, 2018
Independence Contract Drilling Net income (Q3, 2018)-3.9 M
Independence Contract Drilling EBIT (Q3, 2018)-2.8 M
Independence Contract Drilling Cash, 30-Sep-20183 M
Independence Contract Drilling EV306.2 M

Independence Contract Drilling Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

70.3m88.4m70.1m90.0m

Revenue growth, %

26%(21%)

General and administrative expense

12.2m14.5m16.1m13.2m

Operating expense total

12.2m52.1m43.3m67.7m

Depreciation and amortization

21.2m23.8m25.8m

EBIT

(33.1m)(5.0m)(18.9m)(21.0m)

EBIT margin, %

(47%)(6%)(27%)(23%)

Interest expense

1.6m3.3m3.0m3.0m

Pre tax profit

(31.5m)(8.2m)(22.0m)(24.0m)

Income tax expense

(3.4m)(325.0k)202.0k287.0k

Net Income

(28.2m)(7.9m)(22.2m)(24.3m)

Independence Contract Drilling Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

10.8m5.3m7.1m2.5m

Accounts Receivable

19.1m18.2m11.5m18.1m

Inventories

4.0m3.4m2.3m2.7m

Current Assets

36.3m29.3m27.9m30.9m

PP&E

250.5m283.4m273.2m272.4m

Total Assets

289.5m314.8m302.1m304.6m

Accounts Payable

22.0m8.6m10.0m11.6m

Short-term debt

150.0k441.0k533.0k

Current Liabilities

29.4m18.8m18.3m19.1m

Long-term debt

22.5m62.7m26.1m49.3m

Total Debt

22.7m26.5m49.8m

Total Liabilities

44.9m69.2m

Additional Paid-in Capital

272.8m276.9m323.9m326.6m

Retained Earnings

(35.3m)(43.2m)(65.3m)(89.6m)

Total Equity

232.7m257.3m235.5m

Debt to Equity Ratio

0.1 x0.2 x

Debt to Assets Ratio

0.1 x0.1 x0.2 x

Financial Leverage

1.4 x1.2 x1.3 x

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

2.9m13.2m11.0m12.3m5.4m7.4m7.1m7.9m7.3m5.5m2.7m2.5m2.6m3.0m

Accounts Receivable

10.1m12.6m18.0m13.4m15.3m14.4m6.9m9.0m12.3m12.9m15.8m16.2m19.7m23.7m

Inventories

1.8m1.9m2.2m2.3m2.4m2.4m2.5m2.5m2.5m2.4m2.6m2.8m2.9m3.1m

Current Assets

26.6m30.6m35.1m32.9m28.0m27.7m19.5m22.5m30.0m30.9m30.8m26.8m31.0m37.9m

PP&E

173.8m222.8m273.9m282.7m287.3m281.2m280.1m281.5m274.6m271.7m272.0m274.0m279.1m278.0m

Goodwill

11.0m11.0m

Total Assets

234.2m286.4m311.6m318.0m317.8m310.8m301.0m305.1m305.4m303.5m304.3m302.1m311.4m317.6m

Accounts Payable

16.5m15.7m30.0m8.0m10.5m5.6m3.9m8.0m10.6m10.8m8.4m10.5m14.7m12.6m

Short-term debt

366.0k373.0k439.0k516.0k468.0k510.0k511.0k541.0k575.0k

Current Liabilities

21.9m22.0m35.7m16.3m19.4m13.7m10.7m14.6m16.4m17.2m15.4m16.0m22.3m22.1m

Long-term debt

64.2m35.9m61.4m60.5m63.1m16.7m23.4m37.1m39.5m47.6m53.9m59.5m68.6m

Total Debt

64.2m35.9m61.4m60.5m63.5m17.0m23.8m37.6m40.0m48.1m54.4m60.0m69.2m

Total Liabilities

90.3m26.5m72.4m78.4m80.9m77.3m27.8m38.4m53.9m57.2m63.6m70.6m82.5m91.9m

Additional Paid-in Capital

153.9m271.4m273.9m274.9m275.9m278.1m322.1m323.0m324.5m325.6m326.1m327.2m327.9m328.6m

Retained Earnings

(9.3m)(10.7m)(33.9m)(34.6m)(37.9m)(43.6m)(47.8m)(55.0m)(71.6m)(77.9m)(83.9m)(93.8m)(97.1m)(101.0m)

Total Equity

239.6m237.0m233.5m273.2m266.8m251.5m246.4m240.7m231.5m228.9m225.7m

Debt to Equity Ratio

0.3 x0.3 x0.3 x0.1 x0.1 x0.1 x0.2 x0.2 x0.2 x0.3 x0.3 x

Debt to Assets Ratio

0.3 x0.2 x0.2 x0.2 x0.1 x0.1 x0.1 x0.1 x0.2 x0.2 x0.2 x0.2 x

Financial Leverage

1.3 x1.3 x1.3 x1.1 x1.1 x1.2 x1.2 x1.3 x1.3 x1.4 x1.4 x

Independence Contract Drilling Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(28.2m)(7.9m)(22.2m)(24.3m)

Depreciation and Amortization

16.2m21.2m23.8m25.8m

Accounts Receivable

(10.2m)755.0k6.8m(6.6m)

Inventories

(1.4m)(263.0k)55.0k(301.0k)

Accounts Payable

(71.9m)57.1m1.6m

Cash From Operating Activities

3.8m27.4m17.0m4.9m

Purchases of PP&E

(115.4m)(75.5m)(21.1m)(31.3m)

Cash From Investing Activities

(112.7m)(72.2m)(20.1m)(30.1m)

Short-term Borrowings

(526.0k)

Cash From Financing Activities

116.9m39.4m4.8m20.6m

Interest Paid

1.9m

Independence Contract Drilling Ratios

USDY, 2018

EV/EBIT

-108.6 x

EV/CFO

49.6 x

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.4 x
Report incorrect company information

Independence Contract Drilling Employee Rating

4.36 votes
Culture & Values
3.7
Work/Life Balance
3.2
Senior Management
4.3
Salary & Benefits
4.6
Career Opportunities
3.6
Source