KLX Energy Services Holdings Inc
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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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.
Sep 30, 2024 · Filed Oct 31, 2024
KLXE$1.11+11.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets as of and
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
Condensed Consolidated Balance Sheets
(In millions of U.S. dollars and shares, except per share data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $82.7 | $112.5 |
| Accounts receivable–trade, net of allowance of $4.6 and $5.5 | 124.8 | 127.0 |
| Inventories, net | 32.7 | 33.5 |
| Prepaid expenses and other current assets | 14.6 | 17.3 |
| Total current assets | 254.8 | 290.3 |
| Property and equipment, net | 207.1 | 220.6 |
| Operating lease assets | 18.7 | 22.3 |
| Intangible assets, net | 1.5 | 1.8 |
| Other assets | 4.7 | 4.8 |
| Total assets | $486.8 | $539.8 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $78.5 | $87.9 |
| Accrued interest | 11.4 | 4.6 |
| Accrued liabilities | 42.6 | 42.7 |
| Current portion of long-term debt | 50.0 | — |
| Current portion of operating lease obligations | 6.7 | 6.9 |
| Current portion of finance lease obligations | 15.9 | 22.0 |
| Total current liabilities | 205.1 | 164.1 |
| Long-term debt | 235.2 | 284.3 |
| Long-term operating lease obligations | 12.9 | 16.0 |
| Long-term finance lease obligations | 29.2 | 36.2 |
| Other non-current liabilities | 1.9 | 0.4 |
| Commitments, contingencies and off-balance sheet arrangements (Note 8) | ||
| Stockholders’ equity: | ||
| Common stock, $0.01 par value; 110.0 authorized; 17.3 and 16.9 issued | 0.2 | 0.1 |
| Additional paid-in capital | 555.9 | 553.4 |
| Treasury stock, at cost, 0.5 shares and 0.4 shares | (5.8) | (5.3) |
| Accumulated deficit | (547.8) | (509.4) |
| Total stockholders’ equity | 2.5 | 38.8 |
| Total liabilities and stockholders’ equity | $486.8 | $539.8 |
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