Independence Contract Drilling, Inc. (ICD)

ICD Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	192.99	210.11	186.71	87.96	83.42	203.6
Revenue Growth (YoY)	-10.44%	12.53%	112.28%	5.44%	-59.03%	42.77%
Cost of Revenue	123.61	130.25	123.4	75.75	65.37	144.91
Gross Profit	69.38	79.85	63.31	12.2	18.05	58.69
Selling, General & Admin	22.11	24.5	24.81	15.7	13.48	16.05
Other Operating Expenses	59.05	59.07	40.6	39.62	86.73	89.13
Operating Expenses	81.16	83.57	65.41	55.32	100.21	105.18
Operating Income	-11.79	-3.72	-2.1	-43.12	-82.16	-46.5
Interest Expense / Income	37.11	35.96	29.58	15.19	14.63	14.42
Other Expense / Income	-	-	39.85	-10.13	-	-
Pretax Income	-48.9	-39.67	-71.52	-48.18	-96.79	-60.91
Income Tax	-2.2	-1.98	-6.2	18.53	-0.15	-0.12
Net Income	-46.7	-37.7	-65.32	-66.71	-96.64	-60.79
Shares Outstanding (Basic)	15	14	13	8	5	4
Shares Outstanding (Diluted)	15	14	13	8	5	4
Shares Change	4.49%	7.57%	73.52%	52.99%	30.02%	58.64%
EPS (Basic)	-3.31	-2.69	-5.01	-8.89	-19.69	-16.11
EPS (Diluted)	-3.31	-2.69	-5.01	-8.89	-19.69	-16.11
Free Cash Flow	32.14	24.81	-9.92	-23.96	-8.84	-1.45
Free Cash Flow Per Share	2.22	1.77	-0.76	-3.19	-1.80	-0.38
Gross Margin	35.95%	38.01%	33.91%	13.88%	21.64%	28.83%
Operating Margin	-6.11%	-1.77%	-1.12%	-49.02%	-98.49%	-22.84%
Profit Margin	-24.20%	-17.94%	-34.99%	-75.85%	-115.85%	-29.86%
Free Cash Flow Margin	16.66%	11.81%	-5.31%	-27.24%	-10.59%	-0.71%
EBITDA	32.73	39.83	-1.5	5.93	-38.24	-1.13
EBITDA Margin	16.96%	18.96%	-0.80%	6.74%	-45.84%	-0.55%
Depreciation & Amortization	44.52	43.54	40.44	38.92	43.92	45.37
EBIT	-11.79	-3.72	-41.94	-32.99	-82.16	-46.5
EBIT Margin	-6.11%	-1.77%	-22.46%	-37.50%	-98.49%	-22.84%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).