National Energy Services Reunited Corp. Reports Full Year 2023 Financial Results
National Energy Services Reunited Corp. Reports Full Year 2023 Financial Results
- Revenue for the year ended December 31, 2023, is $1.146 billion, growing 26% year-over-year
- Operating cash flow for the year ended December 31, 2023, is $177.0 million, improving 91% year-over-year
- Free cash flow (a non-GAAP measure) for the year ended December 31, 2023, is $108.8 million*
- Net income for the year ended December 31, 2023, is $12.6 million
- Adjusted EBITDA (a non-GAAP measure) for the year ended December 31, 2023, is $262.3 million*
- Diluted Earnings per Share (EPS) for the year ended December 31, 2023, is $0.13
- Adjusted Diluted EPS (a non-GAAP measure), which includes $0.40 per share of Charges and Credits, for the year ended December 31, 2023, is $0.53*
- 2023年12月31日結束的營業收入爲11.46億美元,同比增長26%。
- 2023年12月31日結束的經營現金流爲17700萬美元,同比提高91%。
- 2023年12月31日結束的自由現金流(一項非普遍會計準則的衡量指標)爲10880萬美元*。
- 2023年12月31日結束的淨利潤爲1260萬美元。
- 2023年12月31日結束的調整後息稅折舊及攤銷前利潤(一項非普遍會計準則的衡量指標)爲26230萬美元*。
- 2023年12月31日結束的攤薄後每股收益(EPS)爲0.13美元。
- 2023年12月31日結束的調整後攤薄後每股收益(一項非普遍會計準則的衡量指標),包括每股0.40美元的費用和信貸,爲0.53美元*。
HOUSTON, TX / ACCESSWIRE / April 30, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (OTC PINK:NESR)(OTC PINK:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today reported its financial results for the year ended December 31, 2023. The Company posted the following results for the periods presented:
2024年4月30日 / 得到ACCESSWIRE / 休斯敦,德克薩斯州 / 國家能源服務公司(“NESR”或“公司”)(OTC PINK:NESR)(OTC PINK:NESRW),是中東和北非(“ MENA”)地區全國領先的綜合能源服務提供商,在2023年12月31日結束的財政年度中公佈了以下期間的以下結果:
For The Year Ended | Variance | |||||||||||||||
(in thousands except per share amounts and percentages) |
December 31, 2023 | December 31, 2022 | Sequential | Year-over- year | ||||||||||||
Revenue |
$ | 1,145,915 | $ | 909,517 | $ | 236,398 | 26.0% | |||||||||
Net income |
12,580 | (36,420) | 49,000 | 134.5% | ||||||||||||
Adjusted net income (non-GAAP)* |
50,221 | (2,991) | 53,212 | 1779.1% | ||||||||||||
Adjusted EBITDA (non-GAAP)* |
262,306 | 162,868 | 99,438 | 61.1% | ||||||||||||
Diluted EPS |
0.13 | (0.39) | 0.52 | 133.3% | ||||||||||||
Adjusted Diluted EPS (non-GAAP)* |
0.53 | (0.03) | 0.56 | 1747.4% | ||||||||||||
Operating cash flows |
176,959 | 92,576 | 84,383 | 91.1% | ||||||||||||
Free cash flows (non-GAAP)* |
108,769 | (29,839) | 138,608 | 464.5% |
截至年末 | 漲跌 | |||||||||||||||
(除每股金額和百分比外,數字以千爲單位) |
2023年12月31日 | 2022年12月31日 | 環比 | 同比增長 | ||||||||||||
營業收入 |
$ | 1,145,915 | $ | 909,517 | $ | 236,398 | 26.0% | |||||||||
淨收入 |
12,580 | (36,420) | 49,000 | 134.5% | ||||||||||||
調整後淨收益(一項非普遍會計準則的衡量指標)* |
50,221 | (2,991) | 53,212 | 1779.1% | ||||||||||||
調整後息稅折舊及攤銷前利潤(一項非普遍會計準則的衡量指標)* |
262,306 | 162,868 | 99,438 | 61.1% | ||||||||||||
攤薄後每股收益 |
0.13 | (0.39) | 0.52 | 133.3% | ||||||||||||
調整後的攤薄每股收益(非GAAP) |
0.53 | (0.03) | 0.56 | 1747.4% | ||||||||||||
經營活動現金流量 |
176,959 | 92,576 | 84,383 | 91.1% | ||||||||||||
自由現金流(非GAAP*) |
108,769 | (29,839) | 138,608 | 464.5% |
*The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America ("GAAP"). However, management believes that using additional non-GAAP measures will enhance the evaluation of the profitability of the Company and its ongoing operations. Please see Tables 1, 2, 3, and 4 below for reconciliations of GAAP to non-GAAP financial measures. The Consolidated Balance Sheets, Statements of Operations, and Statements of Cash Flows are derived from the audited financial statements present in our Annual Report on Form 20-F for the year ended December 31, 2023.
*該公司根據美國通用會計準則(“GAAP”)顯示其財務業績。然而,管理層認爲,使用額外的非GAAP措施將增強公司及其持續經營的盈利評估。請參見下面的1、2、3和4表格,以了解GAAP與非GAAP財務指標的調節。合併資產負債表、利潤表和現金流量表源於我們2023年年報(20-F表格)的審計財務報表。
Stefan Angeli, Chief Financial Officer, commented, "The strength of our competitive position in MENA, the execution capabilities of our employees, and the relationships we have with our customers all contributed to our record 2023 results. I am thankful to our NESR team and our customers for these outstanding operating fundamentals. During 2023, we also made measurable improvements in our balance sheet structure with reductions in days sales outstanding, inventory, and capital expenditures combined with the record EBITDA, allowing us to pay down debt significantly. Looking ahead, we continue to see tight service capacity in the markets we serve coupled with customers who are eager to maximize or expand production. For the first quarter of 2024, the Company's performance was again strong, generating $297 million of revenue during the quarter which was up 15% compared to the first quarter of 2023."
首席財務官Stefan Angeli評論道:“我們在MENA的競爭地位很強,我們員工的執行能力以及與客戶的關係都有助於我們創造創紀錄的2023年業績。我要感謝我們的NESR團隊和我們的客戶爲這些出色的運營基本面做出的貢獻。在2023年,我們還通過減少應收賬款、貨存和資本支出結構等方面,在我們的資產負債表結構上有了可衡量的改善,同時實現了記錄性EBITDA,這使我們能夠大幅償還債務。展望未來,我們繼續看到我們服務的市場上有着緊張的服務能力,加上渴望最大化或擴大生產的客戶。2024年第一季度,公司的業績再次強勁,季度收入爲2.97億美元,比2023年第一季度增長15%。”
Sherif Foda, Chairman and Chief Executive Officer, commented, "The global commodity outlook remains remarkably strong. As we predicted more than a year ago, the multi-year underinvestment in upstream energy, underpinned by increased capital discipline among producers and regulatory headwinds in certain markets, has led to a favorable supply-demand dynamic for hydrocarbons. With this backdrop, the MENA region has reasserted itself as a key swing production source, which has led to outsized MENA activity growth for over a year. In anticipation of this trend, NESR front-loaded expansion capital expenditures in our core businesses and invested in strategic technologies like the RoyaTM Drilling Platform & NESR Environmental & Decarbonization Applications portfolio, which are expected to lead our growth in the coming years. We are very excited about the future and our strong position in the region, and we thank our shareholders, customers, and employees for their trust, loyalty, and support."
主席兼首席執行官Sherif Foda評論道:“全球商品前景仍然非常強勁。正如我們一年多前預測的那樣,上游能源的多年低投資,加上生產商增加的資本紀律以及在某些市場上的監管風險,導致碳氫化合物供需比例趨向有利。在這種背景下,MENA地區重新確立了自己作爲關鍵擺動生產源的位置,這導致MENA活動增長超過一年。爲了預見這一趨勢,NESR在我們的核心業務中加快了擴張資本支出,並投資於戰略技術,如Roya鑽探平台與NESR環保與脫碳應用組合,預計在未來幾年中帶領我們的增長。我們對未來和在該地區的強勢地位感到非常興奮,並感謝我們的股東、客戶和員工對我們的信任、忠誠和支持。”此款超便攜式投影儀使用了最新的 Android TV 界面,而且遙控器還內置了 Google AssistantTM 功能,用戶可以非常方便地使用它。鑽探平台&NESR環保與脫碳應用組合
Net Income and Adjusted Net Income Results
淨利潤和調整後淨利潤結果
The Company had net income for the year ended December 31, 2023, totaling $12.6 million, an improvement of $49.0 million compared to the prior year. The change is largely attributable to increased activity in our principal areas and businesses of operations, particularly in Saudi Arabia. Adjusted net income for the year ended December 31, 2023, is $50.2 million and includes adjustments totaling $37.6 million (collectively, "Total Charges and Credits") mainly related to matters identified in our Annual Report on Form 20-F for the year ended December 31, 2022, relating to restatement of our previously issued audited financial statements as of and for the year-ended December 31, 2020. A complete list of the adjusting items and the associated reconciliation from GAAP has been provided in Table 1 below in the section entitled "Reconciliation of Net Income and Adjusted Net Income."
該公司截至2023年12月31日的淨利潤總額爲1260萬美元,比去年同期提高4900萬美元。變化主要歸因於主要業務領域和業務的增長,特別是在沙特阿拉伯。2023年12月31日的調整後淨利潤爲5020萬美元,包括總計調整爲3760萬美元(集體稱爲“總費用和信貸”)的調整項,主要與我們2022年年報中發現的事項有關,有關其與2020年12月31日爲止發行的審計財務報表的重述有關。調整項目的完整列表及其與GAAP的關聯調節已在下文表1中提供,在“淨利潤和調整後淨利潤的調節”標題下。
The Company reported $0.13 of diluted earnings per share ("EPS") for the year ended December 31, 2023. Adjusted for the impact of Total Charges and Credits, Adjusted Diluted EPS, a non-GAAP measure described in Table 1 below, for the year ended December 31, 2023, is $0.53.
攤薄後每股收益(“EPS”)爲0.13美元,截至2023年12月31日年度。爲了調整總費用和信貸的影響,調整後攤薄EPS是年度結束於2023年12月31日的非GAAP度量,在下面的表1中描述,爲0.53美元。
Adjusted EBITDA Results
調整後EBITDA結果
The Company produced Adjusted EBITDA of $262.3 million during the year ended December 31, 2023, improving 61.1% as compared to 2022. Year ended 2023 Adjusted EBITDA includes adjustments for certain Total Charges and Credits (those not related to interest, taxes, and/or depreciation and amortization) of $37.6 million. The Company posted the following results for the periods presented.
該公司截至2023年12月31日的調整後EBITDA爲2.623億美元,比2022年增長61.1%。2023年結束的調整後EBITDA包括某些總費用和信貸的調整項(不涉及利息、稅收和/或折舊及攤銷)達到3760萬美元。公司在呈現的期間報道了以下結果。
(in thousands) |
Year ended
December 31, 2023
|
Year ended
December 31, 2022
|
||||||
Revenue |
$ | 1,145,915 | $ | 909,517 | ||||
Adjusted EBITDA |
$ | 262,306 | $ | 162,868 |
(以千爲單位) |
年度完結
2023年12月31日
|
年度完結
2022年12月31日
|
||||||
營業收入 |
$ | 1,145,915 | $ | 909,517 | ||||
調整後的EBITDA |
$ | 262,306 | $ | 162,868 |
Balance Sheet
資產負債表:
Cash and cash equivalents are $67.8 million as of December 31, 2023, compared to $78.9 million as of December 31, 2022.
截至2023年12月31日,現金及現金等價物爲6780萬美元,與2022年12月31日的7890萬美元相比略有下降。
Free cash flow, a non-GAAP measure, for 2023 is $108.8 million, as compared to ($29.8) million in 2022 due to strength of improved operating results in 2023 coupled with additional capital expenditure discipline.
自由現金流,一項非GAAP指標,2023年爲10880萬美元,2022年爲(2,980)萬美元,主要由於2023年運營業績的改善和額外的資本支出管控。
Total debt as of December 31, 2023, is $452.2 million with $120.6 million classified as short-term, as compared to $535.1 million and $143.2 million, respectively, at December 31, 2022. Net Debt (a non-GAAP measure), which is the sum of our recorded Current installments of long-term debt, Short-term borrowings, and Long-term debt less Cash and cash equivalents, totaled $384.4 million as of December 31, 2023, as compared to $456.2 million as of December 31, 2022. Net Debt has decreased as compared to the prior period primarily due to $54.8 million of long-term debt repayments during 2023 plus payments on short-term borrowings during the year that were also in excess of incremental borrowing. A reconciliation of the comparable GAAP measures to Net Debt is provided in Table 4 below, entitled "Reconciliation to Net Debt."
截至2023年12月31日,總負債爲45220萬美元,短期負債爲12060萬美元,分別與2022年12月31日的負債項53510萬美元和14320萬美元相比,淨債務(一項非GAAP指標)爲38440萬美元,2019年12月31日爲45620萬美元。與前一期相比,淨債務主要由於2023年償還長期債務5480萬美元及超額借款的短期借款償還所致。《表4》爲GAAP指標與淨債務之間的調節。
About National Energy Services Reunited Corp.
關於國家能源服務重組公司。
Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 6,000 employees, representing more than 60 nationalities in over 15 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration, Completions, Stimulation, Pumping and Nitrogen Services. The Company also helps its customers to access their reservoirs in a smarter and faster manner by providing Drilling and Evaluation Services such as Drilling Downhole Tools, Directional Drilling, Fishing Tools, Testing Services, Wireline, Slickline, Drilling Fluids and Rig Services.
NESR成立於2017年,是MENA和亞太地區最大的國家油田服務供應商之一。公司在逾15個國家擁有超過6000名員工,代表60多個國籍。公司通過提供液壓壓裂,膠結,線圈管,過濾,完成,刺激,泵送和氮氣服務等生產服務,幫助客戶充分挖掘儲層的潛力。公司還通過提供鑽井和評估服務(例如下孔工具、定向鑽井、釣魚工具、測試服務、電纜繩、鑽井液和鑽機服務)幫助客戶以更智能、更快速的方式進入儲層。
Forward-Looking Statements
前瞻性聲明
This communication contains forward-looking statements (as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). Any and all statements contained in this communication that are not statements of historical fact, may be deemed forward-looking statements. Terms such as "may," "might," "would," "should," "could," "project," "estimate," "predict," "potential," "strategy," "anticipate," "attempt," "develop," "plan," "help," "believe," "continue," "intend," "expect," "future," and terms of similar import (including the negative of any of these terms) may identify forward-looking statements. However, not all forward-looking statements may contain one or more of these identifying terms. Forward-looking statements in this communication may include, without limitation, the plans and objectives of management for future operations, projections of income or loss, earnings or loss per share, capital expenditures, dividends, capital structure or other financial items, the Company's future financial performance, expansion plans and opportunities, completion and integration of acquisitions, and the assumptions underlying or relating to any such statement.
本通訊包含前瞻性聲明(如《1933年證券法》第27A條,修訂版本及《1934年證券交易法》第21E條,修訂版本中定義的)。本通訊中包含的所有不是歷史事實的表述都可能被視爲前瞻性聲明。例如,"可能"、"會"、"將會"、"應該"、"能夠"、"計劃"、"估算"、"預測"、"潛在"、"策略"、"預測"、"試圖"、"發展"、"計劃"、"幫助"、"相信"、"繼續"、"打算"、"預期"、"未來"以及與之類似的短語(包括這些短語的否定形式)可能會標誌着前瞻性聲明,然而,並非所有前瞻性聲明都可能包含某項或某些標誌性短語。本通訊中的前瞻性聲明可能包括,但不侷限於,管理層的未來運營計劃和目標,收入或利潤、每股收益或虧損、資本支出、股息、資本結構或其他財務項目的預測,公司未來的財務表現、擴張計劃和機會、收購的完成和整合,以及與任何此類聲明有關或相關的假設。
The forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over including the impact of the delayed SEC report filings on our business, the extent of any material weakness or significant deficiencies in our internal control over financial reporting and any action taken by the SEC including potential fines or penalties arising out of the SEC inquiry. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the accuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation: estimates of the Company's future revenue, expenses, capital requirements and the Company's need for financing; the risk of legal complaints and proceedings and government investigations; the Company's financial performance; success in retaining or recruiting, or changes required in, the Company's officers, key employees or directors; current and future government regulations; developments relating to the Company's competitors; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic and market conditions, particularly during extended periods of low oil and gas prices, political disturbances, war, terrorist acts, public health crises and threats, ongoing actions taken by businesses and governments and resulting significant disruption in international economies, international financial and oil markets; international currency fluctuations, business and/or competitive factors; and other risks and uncertainties set forth in the Company's most recent Annual Report on Form 20-F filed with the Securities and Exchange Commission (the "SEC").
此前瞻性聲明並非預測或保證實際結果、表現、事件或情況,也未必能夠實現,因爲它們基於公司目前的預測、計劃、目標、信念、期望、估計和假設以及受許多風險、不確定性和其他影響的影響,其中許多都超出了公司的控制範圍,包括延遲提交美國證券交易委員會報告對我們業務的影響、內部財務報告控制存在的任何重大缺陷或重大缺陷和美國證券交易委員會所採取的任何行動,包括可能由於美國證券交易委員會的查詢而產生的罰款或處罰。此類風險和不確定性可能是實際結果和某些事件和情況不同於前瞻性聲明所描述的原因。可能影響或有助於影響前瞻性聲明準確性,或導致實際結果與預期或期望結果存在實質性差異的因素包括但不限於:估計公司未來收入、支出、資本需求以及公司融資需求的風險;法律投訴、訴訟和政府調查的風險;公司的財務表現;保留或招募公司的職員、關鍵員工或董事需要的變更;現行及未來的政府法規;與公司競爭對手有關的發展;相關法律或法規的變化;公司可能受到其它經濟、市場條件的不利影響,特別是在油氣價格低迷、政治動盪、戰爭、恐怖活動、公共衛生危機和威脅、企業和政府所採取的持續行動以及造成國際經濟、國際金融和石油市場特別是貨幣匯率的明顯破壞;商業和/或競爭因素;以及其他風險和不確定性,詳見公司最新的在美國證券交易委員會(“SEC”)提交的《20-F表格》。
You are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them and to the risk factors. The Company disclaims any obligation to update the forward-looking statements contained in this communication to reflect any new information or future events or circumstances or otherwise, except as required by law. You should read this communication in conjunction with other documents which the Company may file or furnish from time to time with the SEC.
由於風險和不確定性的影響以及風險因素,您應謹慎對待前瞻性聲明。公司不承擔更新本通訊中包含的前瞻性聲明的任何義務以反映任何新信息或未來事件或情況,或者法律另有規定。您應該閱讀本通訊及公司可能隨時提交或裝備給SEC的其他文件。
The preliminary financial results for the Company's first quarter ended March 31, 2024, included in this press release represent the most current information available to management. The Company's actual results when disclosed in its subsequent Periodic Reports on Form 6-K may differ from these preliminary results as a result of the completion of the Company's financial statement closing procedures, final adjustments, completion of the independent registered public accounting firm's review procedures, and other developments that may arise between now and the disclosure of the final results.
本新聞稿中包含的公司2024年3月31日第一季度初步財務業績,代表公司管理層最新可獲得的信息。當揭示終稿的財務業績時,實際結果可能與這些初步結果不同,因爲還需經過公司的財務報表結算程序、最後調整、獨立註冊會計師的審查程序以及現在和披露最終結果之間可能出現的其他情況。
NATIONAL ENERGY SERVICES REUNITED CORP. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In US$ thousands, except share data)
國家能源服務聯合公司和子公司
基本報表
(以美元千爲單位,股份數據除外)
December 31, 2023 | December 31, 2022 | |||||||
Assets |
||||||||
Current assets |
||||||||
Cash and cash equivalents |
$ | 67,821 | 78,853 | |||||
Accounts receivable, net |
171,269 | 148,709 | ||||||
Unbilled revenue |
95,997 | 110,186 | ||||||
Service inventories |
98,434 | 110,521 | ||||||
Prepaid assets |
9,238 | 337 | ||||||
Retention withholdings |
48,419 | 34,268 | ||||||
Other receivables |
39,778 | 38,271 | ||||||
Other current assets |
10,759 | 16,669 | ||||||
Total current assets |
541,715 | 537,814 | ||||||
Non-current assets |
||||||||
Property, plant and equipment, net |
442,666 | 461,061 | ||||||
Intangible assets, net |
84,304 | 102,914 | ||||||
Goodwill |
645,095 | 645,095 | ||||||
Operating lease right-of-use assets |
31,628 | 29,970 | ||||||
Other assets |
52,332 | 51,473 | ||||||
Total assets |
$ | 1,797,740 | $ | 1,828,327 | ||||
Liabilities and equity |
||||||||
Liabilities |
||||||||
Accounts payable and accrued expenses |
351,240 | 353,536 | ||||||
Current installments of long-term debt |
71,744 | 53,352 | ||||||
Short-term borrowings |
48,889 | 89,885 | ||||||
Income taxes payable |
8,421 | 7,262 | ||||||
Other taxes payable |
14,674 | 7,604 | ||||||
Operating lease liabilities |
7,406 | 6,263 | ||||||
Other current liabilities |
31,073 | 26,166 | ||||||
Total current liabilities |
533,447 | 544,068 | ||||||
Long-term debt |
331,565 | 391,863 | ||||||
Deferred tax liabilities |
- | - | ||||||
Employee benefit liabilities |
28,935 | 24,382 | ||||||
Non-current operating lease liabilities |
25,145 | 25,051 | ||||||
Other liabilities |
57,154 | 40,615 | ||||||
Total liabilities |
976,246 | 1,025,979 | ||||||
Equity |
||||||||
Preferred shares, no par value; unlimited shares authorized; none issued and outstanding at December 31, 2023 and December 31, 2022, respectively |
- | - | ||||||
Common stock and additional paid in capital, no par value; unlimited shares authorized; 94,996,397 and 94,012,752 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively |
883,865 | 877,299 | ||||||
Retained (deficit) / earnings |
(62,440) | (75,020) | ||||||
Accumulated other comprehensive income |
69 | 69 | ||||||
Total equity |
821,494 | 802,348 | ||||||
Total liabilities and equity |
$ | 1,797,740 | $ | 1,828,327 |
2023年12月31日 | 2022年12月31日 | |||||||
資產 |
||||||||
流動資產 |
||||||||
現金及現金等價物 |
$ | 67,821 | 78,853 | |||||
應收賬款淨額 |
171,269 | 148,709 | ||||||
未帳單收入 |
95,997 | 110,186 | ||||||
服務庫存 |
98,434 | 110,521 | ||||||
預付資產 |
9,238 | 337 | ||||||
保留支付 |
48,419 | 34,268 | ||||||
其他應收款 |
39,778 | 38,271 | ||||||
其他資產 |
10,759 | 16,669 | ||||||
總流動資產 |
541,715 | 537,814 | ||||||
非流動資產 |
||||||||
物業、廠房和設備,淨值 |
442,666 | 461,061 | ||||||
無形資產,淨額 |
84,304 | 102,914 | ||||||
商譽 |
645,095 | 645,095 | ||||||
經營租賃權使用資產 |
31,628 | 29,970 | ||||||
其他 |
52,332 | 51,473 | ||||||
總資產 |
$ | 1,797,740 | $ | 1,828,327 | ||||
負債和股本 |
||||||||
負債 |
||||||||
應付賬款及應計費用 |
351,240 | 353,536 | ||||||
長期債務的當前分期付款 |
71,744 | 53,352 | ||||||
短期借款 |
48,889 | 89,885 | ||||||
應付所得稅 |
8,421 | 7,262 | ||||||
其他稅款應付款 |
14,674 | 7,604 | ||||||
經營租賃負債 |
7,406 | 6,263 | ||||||
其他流動負債 |
31,073 | 26,166 | ||||||
流動負債合計 |
533,447 | 544,068 | ||||||
長期債務 |
331,565 | 391,863 | ||||||
遞延稅款負債 |
- | - | ||||||
僱員福利負債 |
28,935 | 24,382 | ||||||
非流動經營租賃負債 |
25,145 | 25,051 | ||||||
其他負債 |
57,154 | 40,615 | ||||||
負債合計 |
976,246 | 1,025,979 | ||||||
股權 |
||||||||
無面值優先股;無限量授權股份;截至2023年12月31日和2022年12月31日分別未發行和流通股份。 |
- | - | ||||||
無面值普通股和超額實收資本;無限量授權股份;截至2023年12月31日和2022年12月31日分別發行和流通股份達94,996,397和94,012,752。 |
883,865 | 877,299 | ||||||
未分配利潤/收益 |
(62,440) | (75,020) | ||||||
累計其他綜合收益 |
69 | 69 | ||||||
股東權益總計 |
821,494 | 802,348 | ||||||
負債和股東權益總額 |
$ | 1,797,740 | $ | 1,828,327 |
NATIONAL ENERGY SERVICES REUNITED CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In US$ thousands, except share data and per share amounts)
國家能源服務重組公司及其附屬公司
綜合損益表
(以千美元計,除每股數據和股票數據外)
Year Ended | ||||||||||||
Description |
December 31, 2023 | December 31, 2022 | December 31, 2021 | |||||||||
Revenues |
$ | 1,145,915 | $ | 909,517 | $ | 876,729 | ||||||
Cost of services |
(997,265) | (844,039) | (873,948) | |||||||||
Gross profit |
148,650 | 65,478 | 2,781 | |||||||||
Selling, general and administrative expenses (excluding Amortization) |
(49,173) | (47,530) | (28,071) | |||||||||
Amortization |
(18,774) | (18,865) | (18,042) | |||||||||
Operating income / (loss) |
80,703 | (917) | (43,332) | |||||||||
Interest expense, net |
(45,826) | (34,126) | (15,174) | |||||||||
Other (expense) / income, net |
(5,031) | 5,242 | (2,073) | |||||||||
Income / (loss) before income tax |
29,846 | (29,801) | (60,579) | |||||||||
Income tax expense |
(17,266) | (6,619) | (3,989) | |||||||||
Net income / (loss) |
$ | 12,580 | $ | (36,420) | $ | (64,568) | ||||||
Weighted average shares outstanding: |
||||||||||||
Basic |
94,748,324 | 92,962,048 | 91,043,830 | |||||||||
Diluted |
94,748,324 | 92,962,048 | 91,043,830 | |||||||||
Net earnings per share: |
||||||||||||
Basic |
$ | 0.13 | $ | (0.39) | $ | (0.71) | ||||||
Diluted |
$ | 0.13 | $ | (0.39) | $ | (0.71) |
截止年份 | ||||||||||||
描述 |
2023年12月31日 | 2022年12月31日 | 2021年12月31日 | |||||||||
收入 |
$ | 1,145,915 | $ | 909,517 | $ | 876,729 | ||||||
服務業成本 |
(997,265) | (844,039) | (873,948) | |||||||||
毛利潤 |
148,650 | 65,478 | 2781 | |||||||||
銷售、一般及管理費用(不包括攤銷) () |
(49,173) | (47,530) | (28,071) | |||||||||
攤銷 |
(18,774) | (18,865) | (18,042) | |||||||||
營業收入/(虧損) |
80,703 | (917) | (43,332) | |||||||||
利息費用,淨額 |
(45,826) | (34,126) | (15,174) | |||||||||
其他費用/ (收益),淨額 |
(5,031) | 5,242 | (2,073) | |||||||||
稅前收入/(虧損) |
29,846 | (29,801) | (60,579) | |||||||||
所得稅費用 |
(17,266) | (6,619) | (3,989) | |||||||||
淨利潤 / (損失) |
$ | 12,580 | $ | (36,420) | $ | (64,568) | ||||||
加權平均股數: |
||||||||||||
基本 |
94,748,324 | 92,962,048 | 91,043,830 | |||||||||
攤薄 |
94,748,324 | 92,962,048 | 91,043,830 | |||||||||
每股淨收益: |
||||||||||||
基本 |
$ | 0.13 | $ | (0.39) | $ | (0.71) | ||||||
攤薄 |
$ | 0.13 | $ | (0.39) | $ | (0.71) |
NATIONAL ENERGY SERVICES REUNITED CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In US$ thousands)
NATIONAL ENERGY SERVICES REUNITED CORP.及其附屬公司
綜合現金流量表
(以千美元計)
Year Ended | ||||||||||||
December 31, 2023 | December 31, 2022 | December 31, 2021 | ||||||||||
Cash flows from operating activities: |
||||||||||||
Net (loss) / income |
$ | 12,580 | $ | (36,420) | $ | (64,568) | ||||||
Adjustments to reconcile net (loss) / income to net cash provided by operating activities: |
||||||||||||
Depreciation and amortization |
142,230 | 115,845 | 122,125 | |||||||||
Share-based compensation expense |
6,763 | 9,269 | 9,759 | |||||||||
Loss (Gain) on disposal of assets |
487 | (60) | 333 | |||||||||
Non-cash interest (income) expense |
1,549 | 8,087 | 3,041 | |||||||||
Deferred tax expense / (benefit) |
(3,753) | (10,261) | (12,140) | |||||||||
Allowance for (reversal of) doubtful receivables |
410 | 8,185 | 1,114 | |||||||||
Charges on obsolete service inventories |
137 | 100 | 3,610 | |||||||||
Earn-outs on business combinations |
- | - | 1,767 | |||||||||
Impairments and other charges |
7,917 | - | - | |||||||||
(Gain) on Buyer Stock Adjustment Amount |
- | (4,236) | - | |||||||||
Other operating activities, net |
933 | 837 | (75) | |||||||||
Changes in operating assets and liabilities: |
||||||||||||
(Increase) decrease in accounts receivable |
(22,971) | (29,252) | (8,289) | |||||||||
(Increase) decrease in unbilled revenue |
14,189 | (1,704) | 56,088 | |||||||||
(Increase) decrease in retention withholdings |
(14,151) | 6,837 | (4,000) | |||||||||
(Increase) decrease in inventories |
11,951 | (16,756) | (3,236) | |||||||||
(Increase) decrease in prepaid expenses |
(8,901) | 6,164 | (884) | |||||||||
(Increase) decrease in other current assets |
2,817 | (13,711) | (16,717) | |||||||||
(Increase) decrease in other long-term assets and liabilities |
16,259 | 6,075 | 8,854 | |||||||||
Increase (decrease) in accounts payable and accrued expenses |
(3,365) | 33,651 | 31,221 | |||||||||
Increase (decrease) in other current liabilities |
11,878 | 9,926 | (260) | |||||||||
Net cash provided by operating activities |
176,959 | 92,576 | 127,743 | |||||||||
Cash flows from investing activities: |
||||||||||||
Capital expenditures |
(68,190) | (122,415) | (107,076) | |||||||||
IPM investments |
(16,031) | (17,367) | - | |||||||||
Proceeds from disposal of assets |
1,758 | 626 | 2,760 | |||||||||
Acquisition of business, net of cash acquired |
- | - | (51,921) | |||||||||
Other investing activities |
(1,000) | (7,552) | (8,299) | |||||||||
Net cash used in investing activities |
(83,463) | (146,708) | (164,536) | |||||||||
Cash flows from financing activities: |
||||||||||||
Proceeds from long-term debt |
11,300 | 3,194 | 527,488 | |||||||||
Repayments of long-term debt |
(54,763) | (78,755) | (360,000) | |||||||||
Proceeds from short-term borrowings |
94,506 | 139,482 | 123,787 | |||||||||
Repayments of short-term borrowings |
(137,402) | (119,165) | (78,983) | |||||||||
Payments on capital leases |
(2,403) | (3,108) | (21,361) | |||||||||
Payments on seller-provided financing for capital expenditures |
(15,569) | (14,443) | (15,333) | |||||||||
Other financing activities, net |
(197) | - | (8,054) | |||||||||
Net cash provided by (used in) financing activities |
(104,528) | (72,795) | 167,544 | |||||||||
Effect of exchange rate changes on cash |
- | 8 | 9 | |||||||||
Net increase (decrease) in cash |
(11,032) | (126,919) | 130,760 | |||||||||
Cash and cash equivalents, beginning of period |
78,853 | 205,772 | 75,012 | |||||||||
Cash and cash equivalents, end of period |
$ | 67,821 | $ | 78,853 | $ | 205,772 |
截止年份 | ||||||||||||
2023年12月31日 | 2022年12月31日 | 2021年12月31日 | ||||||||||
經營活動現金流量: |
||||||||||||
淨收益/虧損 |
$ | 12,580 | $ | (36,420) | $ | (64,568) | ||||||
調整以達到經營活動產生的現金淨流量: |
||||||||||||
折舊和攤銷 |
142,230 | 115,845 | 122,125 | |||||||||
基於股份的報酬支出 |
6,763 | 9,269 | 9,759 | |||||||||
資產處置損益 |
487 | (60) | 333 | |||||||||
非現金利息收支 |
1,549 | 8,087 | 3,041 | |||||||||
遞延所得稅費用/(收益) |
(3,753) | (10,261) | (12,140) | |||||||||
壞賬準備(轉回) |
410 | 8,185 | 1,114 | |||||||||
過時服務存貨費用 |
137 | 100 | 3,610 | |||||||||
業務組合中的收購義務 |
- | - | 1,767 | |||||||||
減值及其他費用 |
7,917 | - | - | |||||||||
買方股票調整金額損益(收益) |
- | (4,236) | - | |||||||||
其他經營活動,淨額 |
933 | 837 | (75) | |||||||||
經營性資產和負債變動: |
||||||||||||
應收賬款增加(減少) |
(22,971) | (29,252) | (8,289) | |||||||||
未開票收入增加(減少) |
14,189 | (1,704) | 56,088 | |||||||||
保留款項增加(減少) |
(14,151) | 6,837 | (4,000) | |||||||||
存貨的(增加)減少 |
11,951 | (16,756) | (3,236) | |||||||||
預付費用的(增加)減少 |
(8,901) | 6,164 | (884) | |||||||||
其他流動資產的(增加)減少 |
2,817 | (13,711) | (16,717) | |||||||||
其他長期資產和負債的(增加)減少 |
16,259 | 6,075 | 8,854 | |||||||||
應付賬款和應計費用的增加(減少) |
(3,365) | 33,651 | 31,221 | |||||||||
其他流動負債增加(減少)額 |
11,878 | 9,926 | (260) | |||||||||
經營活動產生的現金流量淨額 |
176,959 | 92,576 | 127,743 | |||||||||
投資活動現金流量: |
||||||||||||
資本支出 |
(68,190) | (122,415) | (107,076) | |||||||||
知識產權和投資 |
(16,031) | (17,367) | - | |||||||||
資產出售所得 |
1,758 | 626 | 2,760 | |||||||||
業務收購,扣除現金收購 |
- | - | (51,921) | |||||||||
其他投資活動 |
開空1,000 | (7,552) | (8,299) | |||||||||
投資活動產生的淨現金流出 |
(83,463) | (146,708) | (164,536) | |||||||||
籌集資金的現金流量: |
||||||||||||
獲得長期債務 |
11,300 | 3,194 | 527,488 | |||||||||
長期負債還款 |
(54,763) | (78,755) | (360,000) | |||||||||
短期借款收益 |
94,506 | 139,482 | 123,787 | |||||||||
償還短期借款 |
(137,402) | (119,165) | (78,983) | |||||||||
資本租賃付款 |
(2,403) | (3,108) | (21,361) | |||||||||
爲資本支出提供的賣方融資支付 |
(15,569) | (14,443) | (15,333) | |||||||||
其他籌資活動的淨金額 |
(197) | - | (8,054) | |||||||||
籌集資金的淨現金流量 |
(104,528) | (72,795) | 167,544 | |||||||||
匯率變動對現金的影響 |
- | 8 | 9 | |||||||||
現金淨增加(減少) |
(11,032) | (126,919) | 130,760 | |||||||||
現金及現金等價物期初餘額 |
78,853 | 205,772 | 75,012 | |||||||||
現金及現金等價物期末餘額 |
$ | 67,821 | $ | 78,853 | $ | 205,772 |
NATIONAL ENERGY SERVICES REUNITED CORP. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(Unaudited)
(In US$ thousands except per share amounts)
全球能源服務與子公司
非GAAP財務指標調和
(未經審計)
(除每股數據以外,數值單位爲千美元)
The Company uses and presents certain key non-GAAP financial measures to evaluate its business and trends, measure performance, prepare financial projections and make strategic decisions. Included in this release are discussions of earnings before interest, income tax and depreciation and amortization adjusted for certain non-recurring and non-core expenses ("Adjusted EBITDA"), net income and diluted earnings per share ("EPS") adjusted for certain non-recurring and non-core expenses ("Adjusted Net Income" and "Adjusted Diluted EPS," respectively), as well as a reconciliation of these non-GAAP measures to net income and diluted EPS, respectively, in accordance with GAAP. The Company also discusses the non-GAAP balance sheet measure of the sum of our recorded current installments of long-term debt, short-term borrowings, and long-term debt less cash and cash equivalents ("Net Debt") in this release and provides a reconciliation to the GAAP measures of cash and cash equivalents, current installments of long-term debt, short-term borrowings, and long-term debt to Net Debt. The Company also discusses Free Cash Flow reconciled to Operating Cash Flow.
公司在衡量業務和趨勢、衡量業績、準備財務預測和制定戰略決策時,使用和呈現某些關鍵非GAAP財務指標。本公告中討論的財務指標包括進行特定非經常性或非核心費用調整的利息、所得稅、折舊和攤銷前利潤(“調整後的息稅折舊和攤銷後利潤”)、進行特定非經常性或非核心費用調整的淨利潤和攤薄後每股收益(“調整後的淨利潤”和“調整後的攤薄後每股收益”),以及該等非GAAP指標按照GAAP的要求調和爲淨利潤和攤薄後每股收益。公司還討論錄有長期債務的應付款項、短期債務以及現金及現金等價物合計(“淨債務”)的非GAAP資產負債表指標,並提供了現金及現金等價物、長期債務應付款項、短期債務以及淨債務之間的GAAP指標調和。公司還討論了調和爲經營活動現金流量的自由現金流。
The Company believes that the presentation of Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS provides useful information to investors in assessing its financial performance and results of operations as the Company's board of directors, management and investors use Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS to compare the Company's operating performance on a consistent basis across periods by removing the effects of changes in capital structure (such as varying levels of interest expense), asset base (such as depreciation and amortization), items that do not impact the ongoing operations (transaction, integration, and startup costs) and items outside the control of its management team. Similarly, Net Debt is used by management as a liquidity measure used to illustrate the Company's debt level absent variability in cash and cash equivalents, and the Company believes that the presentation of Net Debt provides useful information to investors in assessing its financial leverage. Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS should not be considered as an alternative to operating income, net income, or diluted EPS, respectively, the most directly comparable GAAP financial measures. Net Debt also should not be considered as an alternative to GAAP measures of cash and cash equivalents, current installments of long-term debt, short-term borrowings, and long-term debt. Finally, Free Cash Flow is used by management as a liquidity measure to illustrate the Company's ability to produce cash that is available to be distributed in a discretionary manner, after excluding investments in capital assets. Free Cash Flow should not be considered as an alternative to Net cash provided by (used in) operations or Net cash provided by (used in) investing activities, respectively, the most directly comparable GAAP financial measures. Non-GAAP financial measures have important limitations as analytical tools because they exclude some but not all items that affect the most directly comparable GAAP financial measure. You should not consider non-GAAP measures in isolation or as a substitute for an analysis of the Company's results as reported under GAAP.
公司認爲,調整後的息稅折舊和攤銷後利潤、調整後的淨利潤和調整後的攤薄後每股收益的呈現可以爲投資者評估公司的財務業績和運營結果提供有用的信息。公司的董事會、管理層和投資者使用調整後的息稅折舊和攤銷後利潤、調整後的淨利潤和調整後的攤薄後每股收益來比較公司的運營業績。這些數值消除了資本結構變化(如利息費用的不同水平)、資產基礎(如折舊和攤銷)、不影響持續經營的項目(交易、整合和啓動成本)以及管理團隊無法控制的項目的影響,這些被視爲非常重要的數據。同樣,公司使用淨債務來說明除現金及現金等價物的變化性以外的債務水平,公司認爲呈現淨債務可以爲投資者評估公司的財務槓桿水平提供有用的信息。調整後的息稅折舊和攤銷後利潤、調整後的淨利潤和調整後的攤薄後每股收益不應被視爲最直接可比的GAAP財務指標的替代。同樣,淨債務也不應視爲現金及現金等價物、長期債務應付款項、短期債務和長期債務的GAAP措施的替代品。最後,自由現金流用於衡量公司生產可以用於自由分配的現金的流量,不包括投資於資本資產的投資。自由現金流不應被視爲最直接可比的GAAP財務指標淨現金提供(使用)操作活動或淨現金提供(使用)投資活動的替代品。因爲非GAAP財務指標排除了影響最直接可比的GAAP財務指標的某些但不是所有項目,所以非GAAP財務指標作爲分析工具具有重要的侷限性。你不應孤立地考慮非GAAP指標,也不應將它們作爲報告依據GAAP的結果的替代品。
Table 1 - Reconciliation of Net Income and Diluted EPS to Adjusted Net Income and Adjusted Diluted EPS
表1 - 淨利潤和攤薄後每股收益與調整後淨利潤和調整後攤薄後每股收益的調和表
Year Ended December 31, 2023 | Year Ended December 31, 2022 | |||||||||||||||
Net Income | Diluted EPS | Net Income | Diluted EPS | |||||||||||||
Net Income |
$ | 12,580 | $ | 0.13 | $ | (36,420) | $ | (0.39) | ||||||||
Add Charges and Credits: |
||||||||||||||||
Restatement costs (professional fees and bonuses) |
23,702 | 0.25 | 17,263 | 0.19 | ||||||||||||
Other than temporary impairment on equity method investment |
6,991 | 0.07 | - | - | ||||||||||||
Current Expected Credit Loss Provisions |
- | - | 6,664 | 0.07 | ||||||||||||
Litigation provisions for non-employee matters |
2,500 | 0.03 | 1,210 | 0.01 | ||||||||||||
Integration and restructuring projects |
- | - | 3,783 | 0.04 | ||||||||||||
Other write-offs and provisions |
4,448 | 0.05 | 4,509 | 0.05 | ||||||||||||
Total Charges and Credits (1)
|
37,641 | 0.40 | 33,429 | 0.36 | ||||||||||||
Total Adjusted Net Income |
$ | 50,221 | $ | 0.53 | $ | (2,991) | $ | (0.03) |
截至2023年12月31日的一年 | 2022年12月31日結束 | |||||||||||||||
淨利潤 | 攤薄後每股收益 | 淨利潤 | 攤薄後每股收益 | |||||||||||||
淨利潤 |
$ | 12,580 | $ | 0.13 | $ | (36,420) | $ | (0.39) | ||||||||
添加收費和信貸: |
||||||||||||||||
重算成本(專業費用和獎金) |
23,702 | 0.25 | 其他 | 0.19 | ||||||||||||
重要透支對權益法投資 |
6,991 | 0.07 | - | - | ||||||||||||
當前預期信用損失準備金 |
- | - | 6,664 | 0.07 | ||||||||||||
非員工事項訴訟準備金 |
2,500 | 0.03 | 1,210 | 0.01 | ||||||||||||
整合和重組項目 |
- | - | 3,783 | 0.04。 | ||||||||||||
其他註銷和準備金 |
4,448 | 0.05 | 4,509 | 0.05 | ||||||||||||
總費用和信用額(1)
|
37,641 | 0.40 | 成交量: 33,429 | 0.36 | ||||||||||||
總調整後淨利潤 |
$ | 50,221 | $ | 0.53 | $ | (2,991) | $ | (0.03) |
(1) | In the year ended December 31, 2023, Total Charges and Credits included $23.7 million of professional (legal and accounting) and employee (bonus and retention) costs associated with the matters identified in our Annual Report on Form 20-F for the year ended December 31, 2022, relating to restatement of our previously issued audited financial statements as of and for the year-ended December 31, 2020, $7.0 million related to an other than temporary impairment on an equity method investment, $2.5 million in provisions for litigation unrelated to employee matters, and $4.4 million related to other write-offs and provisions. In the year ended December 31, 2022, Total Charges and Credits included $17.3 million of professional (legal and accounting) costs associated with the matters identified in our Annual Report on Form 20-F for the year ended December 31, 2022, relating to restatement of our previously issued audited financial statements as of and for the year-ended December 31, 2020, $6.7 million related to current expected credit loss provisions, $1.2 million in provisions for litigation unrelated to employee matters, $3.8 million related to integration and restricting projects, and $4.5 million related to other write-offs and provisions. |
(1) | 截至2023年12月31日的年度內,總費用和信用額包括$ 2370萬的專業費(法律和會計)和員工(獎金和留任)費用,涉及2022年年報上公佈的事項,涉及重述我們於2020年12月31日以及以後年度的已經發布的審計財務報表,$ 700萬與權益法投資的其他非暫時性減值有關,$ 250萬的訴訟準備金與員工事項無關,並涉及$ 440萬的註銷和準備金。截至2022年12月31日的年度內,總費用和信用額包括$ 1730萬的專業費(法律和會計)費用,涉及2022年年報上公佈的事項,涉及重述我們於2020年12月31日以及以後年度的已經發布的審計財務報表,$ 670萬與預期信用損失準備有關,$ 120萬的訴訟準備金與員工事項無關,並涉及$ 380萬的整合和重組項目以及$ 450萬的註銷和準備金。 |
Table 2 - Reconciliation of Net Income to Adjusted EBITDA
表2 - 淨收益與調整後息稅前利潤之間的調節
Year Ended
December 31, 2023
|
Year Ended
December 31, 2022
|
|||||||
Net Income |
$ | 12,580 | $ | (36,420) | ||||
Add: |
||||||||
Income Taxes |
17,266 | 6,619 | ||||||
Interest Expense, net |
45,826 | 34,126 | ||||||
Depreciation and Amortization |
148,993 | 125,114 | ||||||
Total Charges and Credits impacting Adjusted EBITDA (2)
|
37,641 | 33,429 | ||||||
Total Adjusted EBITDA |
$ | 262,306 | $ | 162,868 |
截止年份
2023年12月31日
|
截止年份
2022年12月31日
|
|||||||
淨利潤 |
$ | 12,580 | $ | (36,420) | ||||
添加: |
||||||||
所得稅 |
17,266 | 6,619 | ||||||
利息費用,淨額 |
45,826 | 34,126 | ||||||
折舊與攤銷 |
148,993 | 125,114 | ||||||
影響調整後息稅前利潤的總費用和信用額(2)
|
37,641 | 成交量: 33,429 | ||||||
總調整後的息稅折舊及攤銷額 |
$ | 262,306 | $ | 162,868 |
(2) | Charges and Credits impacting Adjusted EBITDA are described in Table 1 above. Charges and Credits impacting Adjusted EBITDA exclude items related to interest, income tax and depreciation and amortization. |
(2) | 影響調整後息稅前利潤的費用和信用額在上表1中描述。 |
Table 3 - Reconciliation of Net cash provided by (used in) operating activities to Free Cash Flow
表3 - 將經營活動中提供的淨現金流通數調節爲自由現金流
December 31, 2023 | December 31, 2022 | |||||||
Net cash provided by operating activities |
$ | 176,959 | $ | 92,576 | ||||
Less: |
||||||||
Capital expenditures |
(68,190) | (122,415) | ||||||
Free cash flow |
$ | 108,769 | $ | (29,839) |
2023年12月31日 | 2022年12月31日 | |||||||
經營活動產生的現金流量淨額 |
$ | 176,959 | $ | 92,576 | ||||
減少: |
||||||||
資本支出 |
(68,190) | (122,415) | ||||||
自由現金流 |
$ | 108,769 | $ | (29,839) |
Table 4 - Reconciliation to Net Debt
表格4 - 與淨債務的對賬
December 31, 2023 | December 31, 2022 | |||||||
Current installments of long-term debt |
$ | 71,744 | $ | 53,352 | ||||
Short-term borrowings |
48,889 | 89,885 | ||||||
Long-term debt |
331,565 | 391,863 | ||||||
Less: |
||||||||
Cash and cash equivalents |
(67,821) | (78,853) | ||||||
Net Debt |
$ | 384,377 | $ | 456,247 |
2023年12月31日 | 2022年12月31日 | |||||||
長期債務的當前分期付款 |
$ | 71,744 | $ | 53,352 | ||||
短期借款 |
48,889 | 89,885 | ||||||
長期債務 |
331,565 | 391,863 | ||||||
減少: |
||||||||
現金及現金等價物 |
(67,821) | (78,853) | ||||||
淨債務 |
$ | 384,377 | $ | 456,247 |
For inquiries regarding NESR, please contact:
ESR查詢,請聯繫:
Blake Gendron or Stefan Angeli
National Energy Services Reunited Corp.
832-925-3777
investors@nesr.com
Blake Gendron 或 Stefan Angeli
National Energy Services Reunited Corp.
832-925-3777
investors@nesr.com
SOURCE: National Energy Services Reunited Corp
國家能源服務公司來源於愉快