Precision Drilling (PD.TO) stock price, revenue, and financials

Precision Drilling market cap is C$550.4 m, and annual revenue was C$935.75 m in FY 2020

C$550.4 M

PD.TO Mkt cap, 09-Sept-2021

C$935.8 M

Precision Drilling Revenue FY, 2020
Precision Drilling Gross profit (FY, 2020)352.3 M
Precision Drilling Gross profit margin (FY, 2020), %37.7%
Precision Drilling Net income (FY, 2020)-120.1 M
Precision Drilling Cash, 31-Dec-2020108.8 M
Precision Drilling EV1.7 B
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Precision Drilling Revenue

Precision Drilling revenue was C$935.75 m in FY, 2020

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Precision Drilling Revenue Breakdown

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Precision Drilling revenue breakdown by business segment: 90.4% from Contract Drilling Services and 9.6% from Completion and Production Services

Precision Drilling revenue breakdown by geographic segment: 29.8% from Canada, 56.6% from United States and 13.6% from International

Precision Drilling Income Statement

Annual

CADFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.3b1.5b1.5b935.8m

Revenue growth, %

17%0%

Cost of goods sold

926.2m1.1b1.0b583.4m

Gross profit

395.1m473.3m502.4m352.3m

Gross profit Margin, %

30%31%33%38%

General and administrative expense

90.1m112.4m104.0m70.9m

Operating expense total

483.1m671.4m444.1m70.9m

Depreciation and amortization

377.7m365.7m333.6m

EBIT

(88.1m)(198.1m)94.6m

EBIT margin, %

(7%)(13%)6%

Interest expense

139.5m122.2m114.1m

Interest income

1.9m1.4m1.6m

Pre tax profit

(232.1m)(323.6m)(8.3m)(109.2m)

Income tax expense

(100.0m)(29.3m)(15.0m)11.0m

Net Income

(132.0m)(294.3m)6.6m(120.1m)

EPS

(0.4)(1.0)0.0

Precision Drilling Balance Sheet

Annual

CADFY, 2017FY, 2018FY, 2019FY, 2020

Cash

65.1m96.6m74.7m108.8m

Accounts Receivable

322.6m372.3m310.2m

Inventories

24.6m34.1m31.7m26.3m

Current Assets

441.7m522.7m417.8m342.3m

PP&E

3.2b3.0b2.7b2.5b

Goodwill

205.2m

Total Assets

3.9b3.6b3.3b2.9b

Accounts Payable

209.6m274.5m199.5m

Short-term debt

12.4m

Current Liabilities

209.6m282.2m216.1m166.8m

Long-term debt

1.7b1.7b1.5b1.2b

Non-Current Liabilities

1.9b1.8b1.5b1.3b

Total Debt

1.7b1.7b1.5b1.2b

Total Liabilities

2.1b2.1b1.7b1.5b

Common Stock

2.3b2.3b2.3b

Additional Paid-in Capital

44.0m52.3m66.3m

Retained Earnings

(684.6m)(978.9m)(969.5m)(1.1b)

Total Equity

1.8b1.6b1.5b1.4b

Debt to Equity Ratio

1 x1.1 x1 x

Debt to Assets Ratio

0.4 x0.5 x0.5 x

Financial Leverage

2.2 x2.3 x2.1 x2.1 x

Precision Drilling Cash Flow

Annual

CADFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(132.0m)(294.3m)6.6m(120.1m)

Depreciation and Amortization

377.7m365.7m333.6m316.3m

Cash From Operating Activities

116.6m293.3m288.2m226.1m

Purchases of PP&E

(74.8m)(114.6m)(159.9m)

Cash From Investing Activities

(91.1m)(100.8m)(74.5m)(40.5m)

Long-term Borrowings

(572.0m)(168.7m)(205.2m)

Cash From Financing Activities

(73.8m)(169.1m)(231.8m)(145.6m)

Net Change in Cash

(50.6m)31.5m(21.9m)

Interest Paid

136.1m108.6m116.7m

Income Taxes Paid

3.6m4.4m5.1m

Precision Drilling Ratios

CADFY, 2017

Debt/Equity

1 x

Debt/Assets

0.4 x

Financial Leverage

2.2 x

Precision Drilling Operating Metrics

FY, 2017FY, 2018FY, 2019

Drilling Rigs

256236227

Drilling Rigs (Canada)

109

Drilling Rigs (US)

105

Drilling Rigs (International)

13

Drilling Rigs (Contract Drilling Services)

256236226

Drilling Rigs (Contract Drilling Services, Canada)

136117109

Drilling Rigs (Contract Drilling Services, US)

103102104

Drilling Rigs (Contract Drilling Services, Kuwait)

556

Drilling Rigs (Contract Drilling Services, Mexico)

55

Drilling Rigs (Contract Drilling Services, Saudi Arabia)

444

Drilling Rigs (Contract Drilling Services, Iraq)

222

Drilling Rigs (Contract Drilling Services, Georgia)

111

Service Rigs

198

Service Rigs (Canada)

189

Service Rigs (US)

9

Service Rigs (Completion and Production Services)

198198123

Service Rigs (Completion and Production Services, Canada)

190190114

Service Rigs (Completion and Production Services, US)

889

Oilfield Rentals (Completion and Production Services, Canada)

1.9 k1.7 k1.7 k

Wellsite Accommodations (Completion and Production Services, Canada)

133132132

Drill Camps (Completion and Production Services, Canada)

434342

Base Camps (Completion and Production Services, Canada)

444

Snubbing Units (Completion and Production Services, Canada)

1212

Large-Flow Wastewater Treatment Units (Completion and Production Services, Canada)

1010

Pumphouses (Completion and Production Services, Canada)

2222

Potable Water Production Units (Completion and Production Services, Canada)

88

Wells Drilled (Canada)

1.73 k1.66 k1.31 k

Precision Drilling Employee Rating

3.4191 votes
Culture & Values
3.3
Work/Life Balance
3.4
Senior Management
3.1
Salary & Benefits
3.5
Career Opportunities
3.3
Source