Secure Energy Services Inc. (TSX: SES)

Secure Energy Services Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	264	12	12	10	7	8.85
Cash & Short-Term Investments	264	12	12	10	7	8.85
Cash Growth	1047.83%	0%	20.00%	42.86%	-20.94%	11.68%
Accounts Receivable	509	340	321	267	105	172.69
Other Receivables	-	17	128	78	39	55.78
Total Receivables	509	357	449	345	144	228.47
Inventory	263	144	100	100	48	65.16
Prepaid Expenses	18	14	15	11	9	11.97
Restricted Cash	32	-	-	-	-	-
Other Current Assets	-	663	-	-	-	-
Total Current Assets	1,086	1,190	576	466	208	314.45
Gross Property, Plant & Equipment	-	2,619	2,869	2,854	1,922	1,934
Accumulated Depreciation	-	-1,348	-1,285	-1,137	-783	-652.07
Net Property, Plant & Equipment	1,254	1,271	1,584	1,717	1,139	1,282
Goodwill	201	199	351	349	11	11.13
Other Intangible Assets	77	68	163	180	18	39.67
Long-Term Deferred Tax Assets	-	89	150	217	-	-
Other Long-Term Assets	27	27	16	8	-	-
Total Assets	2,645	2,844	2,840	2,937	1,376	1,648
Accounts Payable	537	345	404	272	142	185.88
Accrued Expenses	-	3	2	11	2	3.3
Current Portion of Leases	24	27	28	27	10	18.03
Current Income Taxes Payable	25	-	-	-	-	-
Other Current Liabilities	48	97	25	23	3	3.06
Total Current Liabilities	634	472	459	333	157	210.27
Long-Term Debt	294	966	919	1,207	399	453.41
Long-Term Leases	101	109	84	82	25	31.3
Long-Term Deferred Tax Liabilities	22	-	-	-	26	48.69
Other Long-Term Liabilities	126	111	112	209	52	91.33
Total Liabilities	1,177	1,658	1,574	1,831	659	835.01
Common Stock	1,407	1,517	1,676	1,670	1,038	1,018
Retained Earnings	-18	-412	-490	-636	-426	-326.62
Comprensive Income & Other	79	81	80	72	75	88.32
Total Common Equity	1,468	1,186	1,266	1,106	687	779.69
Minority Interest	-	-	-	-	30	32.95
Shareholders' Equity	1,468	1,186	1,266	1,106	717	812.64
Total Liabilities & Equity	2,645	2,844	2,840	2,937	1,376	1,648
Total Debt	419	1,102	1,031	1,316	434	502.75
Net Cash (Debt)	-155	-1,090	-1,019	-1,306	-427	-493.89
Net Cash Per Share	-0.53	-3.64	-3.25	-5.58	-2.69	-3.05
Filing Date Shares Outstanding	276.7	280.06	305.28	308.76	159.57	157.45
Total Common Shares Outstanding	279.07	287.63	309.38	308.16	158.7	156.46
Working Capital	452	718	117	133	51	104.19
Book Value Per Share	5.26	4.12	4.09	3.59	4.33	4.98
Tangible Book Value	1,190	919	752	577	658	728.89
Tangible Book Value Per Share	4.26	3.20	2.43	1.87	4.15	4.66
Land	-	226	286	291	155	154.49
Machinery	-	2,211	2,417	2,418	1,676	1,649
Construction In Progress	-	37	45	33	19	53.8

Source: S&P Capital IQ. Standard template.