Parker Drilling

Parker Drilling (NYSE:PKD) provides advanced drilling solutions to the energy industry. We are a technically innovative company providing worldwide drilling services, rental tools and project management, including rig design, construction and operations management.

Parker's international fleet includes 21 land rigs and one offshore barge rig, and it's U.S. fleet includes 13 barge rigs in the U.S. Gulf of Mexico and two land rigs in Alaska. Parker's rental tools business supplies premium equipment to operators on land and offshore in the U.S. and select international markets. Parker's project management business includes multiple contracts for the design, construction or operation of customer-owned rigs, including operation of extended-reach-drilling land rigs (also designed and built by Parker) and an offshore drilling platform.

Founded in 1934, Parker has set numerous world records for deep and extended-reach drilling and is an industry leader in safety performance. We leverage our technical and safety leadership, cultivated through decades of project execution in new and emerging global markets, to enhance the efficiencies of our customers' drilling programs.

Type
Public
HQ
Houston, US
Founded
1934
Size (employees)
2,199 (est)-14%
Parker Drilling was founded in 1934 and is headquartered in Houston, US

Parker Drilling Office Locations

Parker Drilling has an office in Houston
Houston, US (HQ)
100 5 Greenway Plaza

Parker Drilling Data and Metrics

Parker Drilling Financial Metrics

Parker Drilling's revenue was reported to be $427 m in FY, 2016 which is a 40% decrease from the previous period.
USD

Revenue (FY, 2016)

427 m

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

(40%)

Net income (FY, 2016)

(230.8 m)

Market capitalization (28-Jun-2017)

175.7 m

Closing share price (28-Jun-2017)

1.3

Cash (31-Dec-2016)

119.7 m
Parker Drilling's current market capitalization is $175.7 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

874.2 m968.7 m712.2 m427 m

Revenue growth, %

11%(26%)(40%)

Operating expense total

571.7 m669.4 m682.5 m502.3 m

EBIT

101.9 m120.2 m

EBIT margin, %

12%12%

Interest expense

47.8 m44.3 m45.2 m45.8 m

Interest income

2.5 m195 k269 k58 k

Pre tax profit

52.8 m48.5 m(72 m)(156.6 m)

Income tax expense

25.6 m24.1 m

Net Income

27.2 m24.5 m(94.3 m)(230.8 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

148.7 m108.5 m134.3 m119.7 m

Current Assets

519.3 m469.8 m366.7 m286.3 m

PP&E

871.4 m

Goodwill

6.7 m6.7 m

Total Assets

1.5 b1.5 b1.4 b1.1 b

Accounts Payable

90 m78.8 m58.1 m42.7 m

Total Debt

653.8 m615 m

Current Liabilities

207.2 m178.7 m136.1 m102.9 m

Additional Paid-in Capital

657.3 m666.8 m669.1 m675.2 m

Retained Earnings

(47.6 m)(24.2 m)(119.2 m)(350.1 m)

Total Equity

633.1 m666.2 m568.5 m339.1 m

Debt to Equity Ratio

1 x0.9 x

Debt to Assets Ratio

0.4 x0.4 x

Financial Leverage

2.4 x2.3 x2.4 x3.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

27.2 m24.5 m(94.3 m)(230.8 m)

Depreciation and Amortization

134.1 m145.1 m156.2 m139.8 m

Cash From Operating Activities

161.5 m202.5 m162.1 m21.3 m

Capital Expenditures

(155.6 m)(179.5 m)(88.2 m)(29 m)

Cash From Investing Activities

(265.4 m)(173.6 m)(101.2 m)(26.5 m)

Long-term Borrowings

(125 m)(425 m)(30 m)

Cash From Financing Activities

164.7 m(69.1 m)(35 m)(9.4 m)

Interest Paid

42.2 m41.8 m41.4 m41.2 m

Income Taxes Paid

17 m26.7 m26.2 m14.3 m

Free Cash Flow

317.1 m382 m250.3 m50.2 m
USDY, 2016

Revenue/Employee

166.3 k

Financial Leverage

3.3 x

Parker Drilling Market Value History

Parker Drilling Online and Social Media Presence

Parker Drilling Company Life and Culture

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