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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

Independence Contract Drilling, Inc. (ICD)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues  186.788.083.4203.6142.690.070.188.4
            Revenue growth  112.3%5.4%-59.0%42.8%58.4%28.5%-20.8%25.7%
Cost of goods sold  123.475.865.4144.995.267.743.352.1
Gross profit  63.312.218.158.747.422.326.836.3
            Gross margin  33.9%13.9%21.6%28.8%33.2%24.7%38.2%41.1%
Selling, general and administrative  24.815.713.516.115.913.216.114.5
Other operating expenses   0.1 0.4-0.71.71.92.9
EBITDA   [+]38.5-3.64.642.332.27.48.718.9
            EBITDA margin  20.6%-4.1%5.5%20.8%22.6%8.2%12.4%21.4%
Depreciation and amortization  40.438.943.945.430.925.823.821.2
EBIT   [+]-1.9-42.6-39.4-3.11.3-18.5-15.1-2.2
            EBIT margin  -1.0%-48.4%-47.2%-1.5%0.9%-20.5%-21.6%-2.5%
Non-recurring items   [+]0.20.642.843.413.72.63.82.7
Interest expense  5.16.913.314.03.22.72.23.2
Other income (expense), net   [+]-64.31.9-1.3-0.4-4.4-0.3-0.8-0.1
Pre-tax income  -71.5-48.2-96.8-60.9-19.9-24.0-22.0-8.2
Income taxes  -6.218.5-0.1-0.10.10.30.2-0.3
            Tax rate  8.7% 0.2%0.2%   4.0%
Net income  -65.3-66.7-96.6-60.8-20.0-24.3-22.2-7.9
            Net margin  -35.0%-75.8%-115.8%-29.9%-14.0%-27.0%-31.7%-8.9%
   
Basic EPS   [+]($5.01)($8.89)($19.69)($16.11)($8.40)($0.64)($0.67)($0.33)
Diluted EPS   [+]($5.01)($8.89)($19.69)($16.11)($8.40)($0.64)($0.67)($0.33)
   
Shares outstanding (basic)   [+]13.07.54.93.82.437.833.123.9
Shares outstanding (diluted)   [+]13.07.54.93.82.437.833.123.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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