Forbes Energy Services Ltd. company info

CIK 1434842
IRS Number 000000000
State of incorporation D0
Business address 3000 SOUTH BUSINESS HIGHWAY 281
None
ALICE
TX
78332
Mail address 3000 SOUTH BUSINESS HIGHWAY 281
None
ALICE
TX
78332

Short summary

Forbes Energy Services Ltd. is a Texas company, with head office located at 3000 South Business Highway 281 Alice, Texas 78332. In 2017 the company owned a total of 197.01 million USD worth of assets, including 68.93 million USD worth of current assets. 2011 was the year when the company amassed the most assets.

Forbes Energy Services Ltd. Income Statement

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Gross Profit 108.2351.6912.18
Operating Expenses 217.25283.58406.28439.06409.16432.44279.04197.31
Operating Income (Loss) -27.624.5739.5033.5310.7716.84-34.94-81.11
Interest expense 26.9227.2727.4528.0328.2128.2327.9627.88
Income Tax Expense (Benefit) -25.14-8.16-4.683.36-4.62-3.06-16.610.17
Net income -29.33-11.31-12.341.59-13.09-8.32-46.07-109.13

Forbes Energy Services Ltd. Balance Sheet

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Cash and cash equivalents 23.4716.5134.929.8127.1916.7675.1868.6319.867.57
Accounts Receivable, Net, Current 119.79105.2381.7995.2343.8915.7316.8926.62
Property, Plant and Equipment, Gross 525.89558.36595.55604.78601.69590.90140.97
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 171.47215.66261.32303.87346.43369.3625.57
Intangible Assets, Net (Excluding Goodwill) 32.3129.4526.5823.7220.863.493.0911.57
Other Assets, Noncurrent 0.053.870.641.771.841.102.381.10
Total assets 502.34535.45500.16488.44455.36351.21296.34197.01
Current assets 164.91122.42121.55121.55126.9891.3669.3468.93
Accounts payable 40.8931.6418.0020.797.716.437.4211.21
Taxes Payable, Current 0.05
Total current liabilities 72.3259.5439.0046.8544.50330.4936.4029.56
Long-term Debt, Excluding Current Maturities 282.14291.33291.43287.85285.031.260.1252.45
Long-term Debt 297.32306.35299.64297.89308.31301.51
Deferred income taxes 18.3033.9125.3420.1410.640.951.050.36
Total liabilities 372.76384.78355.77354.84340.17332.70346.0082.37
Common Stock, Value, Issued 0.840.840.860.870.880.890.890.05
Retained Earnings (Accumulated Deficit) -72.31-54.50-63.78-76.16-94.87-190.92-259.33-34.53
Accumulated Other Comprehensive Income (Loss), Net of Tax -0.09-0.630

Forbes Energy Services Ltd. Cash Flow

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Net income -29.33-11.31-12.341.59-13.09-8.32-46.07-109.13
Depreciation 36.7235.4036.8048.105252.1052.2050.70
Amortization of Intangible Assets 2.902.902.902.902.902.901.70
Depreciation and amortization 38.0338.3039.6651.0054.8454.9655.0352.37
Deferred Income Tax Expense (Benefit) -25.45-8.59-5.562.19-4.82-3.96-16.750.20
Accounts receivable -7.9130.6251.74-41.66-8.862.30-54.99-8.22
Net Cash Provided by (Used in) Operating Activities 15.382.456.0068.4356.4247.2436.58-13.92
Payments to Acquire Property, Plant, and Equipment 30.026.9558.21111.7742.5437.889.578.92
Payments to Acquire Productive Assets 37.638.618.70
Net Cash Provided by (Used in) Investing Activities -37.73-5.75-50.94-82.60-41.03-32.45-5.42-6.78
Proceeds from Issuance of Common Stock 14.93
Net Cash Provided by (Used in) Financing Activities 27.315.3652.08-5.25-6.52-6.298.53-33.48
Cash and Cash Equivalents, Period Increase (Decrease) 4.962.036.14-18.988.798.5139.69-54.17