Nine Energy Service Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
NINE$6.67-10.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(In thousands, except share and per share amounts)
| March 31,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $10,237 | $30,840 |
| Accounts receivable, net | 90,968 | 88,449 |
| Income taxes receivable | 344 | 490 |
| Inventories, net | 56,340 | 54,486 |
| Prepaid expenses and other current assets | 9,798 | 9,368 |
| Total current assets | 167,687 | 183,633 |
| Property and equipment, net | 81,232 | 82,366 |
| Operating lease right of use assets, net | 40,600 | 42,056 |
| Finance lease right of use assets, net | 31 | 51 |
| Intangible assets, net | 87,633 | 90,429 |
| Other long-term assets | 3,227 | 3,449 |
| Total assets | $380,410 | $401,984 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current liabilities | ||
| Accounts payable | $38,828 | $33,379 |
| Accrued expenses | 22,804 | 36,171 |
| Current portion of long-term debt | 1,805 | 2,859 |
| Current portion of operating lease obligations | 10,396 | 10,314 |
| Current portion of finance lease obligations | 21 | 31 |
| Total current liabilities | 73,854 | 82,754 |
| Long-term liabilities | ||
| Long-term debt | 317,100 | 320,520 |
| Long-term operating lease obligations | 30,903 | 32,594 |
| Other long-term liabilities | 1,867 | 1,746 |
| Total liabilities | 423,724 | 437,614 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity (deficit) | ||
| Common stock (120,000,000 shares authorized at $0.01 par value; 35,324,861 shares issued and outstanding at both March 31, 2024 and December 31, 2023) | 353 | 353 |
| Additional paid-in capital | 795,687 | 795,106 |
| Accumulated other comprehensive loss | (5,069) | (4,859) |
| Accumulated deficit | (834,285) | (826,230) |
| Total stockholders’ equity (deficit) | (43,314) | (35,630) |
| Total liabilities and stockholders’ equity (deficit) | $380,410 | $401,984 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.