BASIC ENERGY SERVICES, INC. (BASX) [Rocket]

Overview

BASIC ENERGY SERVICES, INC. (BASX)

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Recent News + Filings (All items)

Date Filed	Type	Description
02/09/2022	SC 13G/A	FROHLICH PHIL reports a 0% stake in Basic Energy Services, Inc.
10/07/2021	8-K	Bankruptcy or Receivership, Completion of Acquisition or Disposition of Assets, Departure of Directors or Certain Officers; E...
08/27/2021	8-K	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
08/18/2021	8-K	Quarterly results
08/17/2021	NT 10-Q	Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB:
08/02/2021	8-K	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
06/22/2021	8-K	Quarterly results

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13
Revenues	411.4	567.3	964.7	864.0	547.5	805.6	1,491.3	1,262.9
Revenue growth	-27.5%	-41.2%	11.7%	57.8%	-32.0%	-46.0%	18.1%	-8.1%
Cost of goods sold	338.1	421.5	746.4	666.5	467.7	642.9	1,011.4	868.1
Gross profit	73.3	145.7	218.3	197.6	79.8	162.7	479.9	394.8
Gross margin	17.8%	25.7%	22.6%	22.9%	14.6%	20.2%	32.2%	31.3%
General and administrative	98.0	115.5	167.5	146.5	135.3	143.5	167.3	171.4
EBITA	-83.0	-36.9	-78.0	-60.6	-265.2	-213.3	103.7	22.0
EBITA margin	-20.2%	-6.5%	-8.1%	-7.0%	-48.4%	-26.5%	7.0%	1.7%
Amortization of intangibles	0.4	0.2	0.2	0.2	8.5	8.9	8.6	8.4
EBIT	-83.4	-37.1	-78.2	-60.8	-273.7	-222.2	95.1	13.6
EBIT margin	-20.3%	-6.5%	-8.1%	-7.0%	-50.0%	-27.6%	6.4%	1.1%
Pre-tax income	-253.0	-91.4	-116.5	-98.4	-127.3	-373.1	-7.8	-55.7
Income taxes	-3.8	0.0	0.2	-1.7	-3.9	-131.3	0.5	-19.7
Tax rate	1.5%			1.7%	3.1%	35.2%		35.4%
Net income	-268.2	-181.9	-144.4	-96.7	-123.4	-241.7	-8.3	-35.9
Net margin	-65.2%	-32.1%	-15.0%	-11.2%	-22.5%	-30.0%	-0.6%	-2.8%

Diluted EPS	($10.00)	($3.50)	($5.45)	($3.72)	($2.94)	($5.97)	($0.20)	($0.89)
Shares outstanding (diluted)	24.9	26.1	26.5	26.0	42.0	40.5	41.2	40.3

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.