Precision Drilling Corporation (PDS)

Precision Drilling Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	73.77	54.18	21.59	40.59	108.77
Cash & Short-Term Investments	73.77	54.18	21.59	40.59	108.77
Cash Growth	36.15%	150.99%	-46.81%	-62.69%	45.61%
Accounts Receivable	296.68	334.5	322.78	179.63	130.7
Receivables	296.68	334.5	322.78	179.63	130.7
Inventory	43.3	35.27	35.16	23.43	26.28
Prepaid Expenses	82.03	86.92	91.15	76.11	76.51
Other Current Assets	5.5	-	-	-	-
Total Current Assets	501.28	510.88	470.67	319.76	342.26
Property, Plant & Equipment	2,422	2,402	2,363	2,310	2,528
Long-Term Investments	8.46	9.97	20.45	7.38	-
Other Intangible Assets	13	16.47	18.17	21.85	25.56
Long-Term Accounts Receivable	4.81	5	-	-	-
Long-Term Deferred Tax Assets	6.56	73.66	0.46	0.87	1.1
Long-Term Deferred Charges	-	0.84	1.41	2.07	2.11
Other Long-Term Assets	-	0.68	1.6	-	-
Total Assets	2,956	3,019	2,876	2,662	2,899
Accounts Payable	113.34	151.35	136.36	90.75	56.92
Accrued Expenses	130.68	138.35	153.93	133.37	94.04
Current Portion of Long-Term Debt	-	2.85	2.29	2.22	0.9
Current Portion of Leases	20.56	17.39	12.7	10.94	11.29
Current Income Taxes Payable	3.78	3.03	2.99	0.84	3.7
Current Unearned Revenue	36.16	46.06	-	-	-
Other Current Liabilities	34.18	14.99	101.76	-	-
Total Current Liabilities	338.69	374.01	410.03	238.12	166.84
Long-Term Debt	812.47	914.83	1,086	1,107	1,236
Long-Term Leases	54.57	57.12	52.98	45.82	48.88
Long-Term Deferred Tax Liabilities	47.45	73.52	28.95	12.22	21.24
Other Long-Term Liabilities	21.14	23.9	67.67	33.24	19.07
Total Liabilities	1,274	1,443	1,646	1,436	1,492
Common Stock	2,302	2,365	2,300	2,281	2,286
Additional Paid-In Capital	77.56	75.09	72.56	76.31	72.92
Retained Earnings	-900.83	-1,012	-1,301	-1,267	-1,090
Comprehensive Income & Other	199.02	147.48	159.71	134.78	137.58
Total Common Equity	1,677	1,576	1,231	1,226	1,407
Minority Interest	4.53	-	-	-	-
Shareholders' Equity	1,682	1,576	1,231	1,226	1,407
Total Liabilities & Equity	2,956	3,019	2,876	2,662	2,899
Total Debt	887.59	992.19	1,154	1,166	1,297
Net Cash (Debt)	-813.82	-938.01	-1,132	-1,125	-1,189
Net Cash Per Share	-57.17	-61.36	-83.59	-84.51	-86.61
Filing Date Shares Outstanding	13.64	14.48	13.77	13.57	13.3
Total Common Shares Outstanding	13.78	14.34	13.56	13.3	13.46
Working Capital	162.59	136.87	60.64	81.64	175.42
Book Value Per Share	121.74	109.91	90.76	92.12	104.51
Tangible Book Value	1,664	1,559	1,212	1,204	1,381
Tangible Book Value Per Share	120.79	108.76	89.42	90.47	102.61
Land	36.85	43.24	32.59	31.42	33.21
Buildings	126.64	124.83	114.32	119.52	122.28
Machinery	7,047	6,624	6,642	6,285	6,347
Construction In Progress	133.54	126.87	117.54	67.88	60.57

Updated Mar 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q