National Energy Services Reunited Corp. (NESR)

NESR Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	118.17	67.82	78.85	205.77	75.01	73.2
Cash & Short-Term Investments	118.17	67.82	78.85	205.77	75.01	73.2
Cash Growth	49.86%	-13.99%	-61.68%	174.32%	2.47%	194.07%
Accounts Receivable	274.41	267.27	258.9	238.9	275.29	175.15
Other Receivables	31.77	39.78	38.27	35.25	18.45	14.02
Receivables	306.17	307.04	297.17	274.15	293.75	189.17
Inventory	100.02	98.43	110.52	93.86	94.26	78.84
Prepaid Expenses	15.99	9.24	0.34	6.04	11.48	9.59
Other Current Assets	36.81	59.18	50.94	47.54	40.72	52.41
Total Current Assets	577.15	541.72	537.81	627.37	515.22	403.21
Property, Plant & Equipment	452.81	474.29	491.03	425.51	437.74	419.31
Long-Term Investments	-	22.98	30.29	7.6	-	-
Goodwill	645.1	645.1	645.1	645.1	620.92	574.76
Other Intangible Assets	70.35	84.3	102.91	121.62	110.38	122.71
Other Long-Term Assets	57.45	29.35	21.19	4.11	2.8	2.37
Total Assets	1,803	1,798	1,828	1,831	1,687	1,522
Accounts Payable	350.58	349.74	341.94	306.07	144.61	65.7
Accrued Expenses	5.43	14.67	7.6	5.23	85.07	76.33
Short-Term Debt	54.59	48.89	89.89	78.32	42.36	37.96
Current Portion of Long-Term Debt	70.55	73.24	64.95	17.26	47.5	15
Current Portion of Leases	5.97	10.81	8.53	4.4	23	20.5
Current Income Taxes Payable	2.33	8.42	7.26	7.18	9.42	7.54
Other Current Liabilities	33.77	27.67	23.9	13.42	7.4	5.1
Total Current Liabilities	523.22	533.45	544.07	431.87	359.37	228.14
Long-Term Debt	284.18	331.57	391.86	508.76	308.61	330.56
Long-Term Leases	22.55	29.27	25.24	2.2	5.5	13.1
Long-Term Deferred Tax Liabilities	-	-	-	8.89	21.07	26.22
Other Long-Term Liabilities	66.89	53.03	40.42	35	26.57	21.13
Total Liabilities	929.3	976.25	1,026	1,010	742.64	635.89
Common Stock	886.45	883.87	877.3	856.79	826.61	818.78
Retained Earnings	-12.97	-62.44	-75.02	-35.83	117.75	67.66
Comprehensive Income & Other	0.07	0.07	0.07	0.07	0.06	0.03
Total Common Equity	873.55	821.49	802.35	821.03	944.43	886.47
Minority Interest	-	-	-	-	-0.01	-
Shareholders' Equity	873.55	821.49	802.35	821.03	944.42	886.47
Total Liabilities & Equity	1,803	1,798	1,828	1,831	1,687	1,522
Total Debt	437.83	493.78	580.47	610.94	426.97	417.13
Net Cash (Debt)	-319.67	-425.96	-501.62	-405.17	-351.96	-343.93
Net Cash Per Share	-3.35	-4.50	-5.40	-4.45	-3.95	-3.95
Filing Date Shares Outstanding	95.45	95	95	91.04	87.78	87.19
Total Common Shares Outstanding	95.45	95	94.01	91.04	87.78	87.19
Working Capital	53.93	8.27	-6.25	195.5	155.85	175.07
Book Value Per Share	9.15	8.65	8.53	9.02	10.76	10.17
Tangible Book Value	158.1	92.1	54.34	54.32	213.13	188.99
Tangible Book Value Per Share	1.66	0.97	0.58	0.60	2.43	2.17
Land	-	11.66	11.66	11.66	5.1	5.1
Buildings	-	57	52.44	41.78	31.83	36.85
Machinery	-	780.7	708.96	596.73	583.85	463.99
Construction In Progress	-	14.11	11.32	8.94	10.22	18.05

Source: S&P Capital IQ. Standard template. Financial Sources.