Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Jan-31-21 | Jan-31-20 | Jan-31-19 | Jul-31-18 | Jan-31-18 | Jan-31-17 |
| | 10-K | 8-K | 8-K | 10-K | 10-K | 8-K | 10-K | 10-K |
| Revenues: |
| Completion | 393 | | | | | | | |
| Intervention | 75 | | | | | | | |
| Drilling | 219 | | | | | | | |
| Other | 94 | | | | | | | |
| Total revenues | 782 | 466 | 277 | 544 | 495 | 412 | 321 | 152 |
| Revenue growth | 67.9% | | -49.1% | 9.8% | 54.5% | | 110.6% | -39.4% |
| Cost of goods sold | 621 | 475 | 315 | 470 | 370 | 317 | 269 | 181 |
| Gross profit | 160 | -10 | -38 | 74 | 125 | 95 | 51 | -29 |
| Gross margin | 20.5% | -2.1% | -13.7% | 13.6% | 25.2% | 23.0% | 16.0% | -19.1% |
| Selling, general and administrative | 70 | 61 | 89 | | | 78 | | 60 |
| Research and development | 1 | 1 | 1 | | | 3 | | 0 |
| Other operating expenses | | | -40 | | | | | |
| EBITDA [+] | 89 | | -26 | 138 | 166 | | 85 | -53 |
| EBITDA growth | -224.4% | | -118.5% | -17.0% | 96.0% | | -259.3% | -92.9% |
| EBITDA margin | 11.4% | -15.4% | -9.2% | 25.4% | 33.6% | 3.3% | 26.5% | -35.0% |
| Depreciation | 57 | | 62 | 60 | 41 | | 33 | 36 |
| EBITA | 33 | -72 | -87 | 78 | 126 | 14 | 52 | -89 |
| EBITA margin | 4.2% | -15.4% | -31.5% | 14.3% | 25.4% | 3.3% | 16.1% | -58.7% |
| Amortization of intangibles | 0 | | | 4 | 1 | | 0 | 0 |
| EBIT [+] | 33 | -72 | -87 | 74 | 125 | 14 | 51 | -90 |
| EBIT growth | -145.3% | | -217.8% | -40.8% | 143.0% | | -157.4% | -88.1% |
| EBIT margin | 4.2% | -15.4% | -31.5% | 13.6% | 25.2% | 3.3% | 16.0% | -58.8% |
| Non-recurring items [+] | | 1 | 214 | | | | | |
| Asset impairment | | 1 | 214 | | | | | |
| Interest expense | 35 | 32 | 31 | | | | | |
| Interest expense | 35 | 32 | 31 | 30 | 8 | | | |
| Other income (expense), net | | | | -149 | -102 | | -75 | |
| Pre-tax income | -3 | -105 | -332 | -105 | 15 | 14 | -24 | -90 |
| Income taxes | 1 | 1 | 0 | -9 | 1 | 0 | 0 | 0 |
| Tax rate | | | | 8.1% | 4.0% | 0.7% | | |
| Net income | -3 | -106 | -332 | 0 | 0 | 14 | 0 | -90 |
| Net margin | -0.4% | -22.7% | -120.0% | 0.0% | 0.0% | 3.3% | 0.0% | -58.9% |
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| Basic EPS [+] | ($0.27) | ($12.28) | ($51.11) | $0.00 | $0.00 | | $0.00 | ($4.46) |
| Growth | -97.8% | | | | | | -100.0% | |
| Diluted EPS [+] | ($0.27) | ($12.28) | ($51.11) | $0.00 | $0.00 | | $0.00 | ($4.46) |
| Growth | -97.8% | | | | | | -100.0% | |
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| Shares outstanding (basic) [+] | 11 | 9 | 7 | 22 | 20 | | 20 | 20 |
| Growth | 31.4% | | -70.9% | 10.9% | 0.0% | | 0.0% | |
| Shares outstanding (diluted) [+] | 11 | 9 | 7 | 22 | 20 | | 20 | 20 |
| Growth | 31.4% | | -70.9% | 10.4% | 0.5% | | 0.0% | |
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| 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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