KLX Energy Services Holdings Inc
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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FY2024 · Filed Mar 13, 2025
KLXE$1.12+0.9%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Balance Sheets
Consolidated Balance Sheets
(In millions of U.S. dollars and shares, except per share data)
| As of December 31 | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $91.6 | $112.5 |
| Accounts receivable–trade, net of allowance of $4.2 and $5.5 | 96.9 | 127.0 |
| Inventories, net | 31.0 | 33.5 |
| Prepaid expenses and other current assets | 13.5 | 17.3 |
| Total current assets | 233.0 | 290.3 |
| Property and equipment, net(1) | 197.1 | 220.6 |
| Operating lease assets | 19.6 | 22.3 |
| Intangible assets, net | 1.5 | 1.8 |
| Other assets | 5.1 | 4.8 |
| Total assets | $456.3 | $539.8 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $74.4 | $87.9 |
| Accrued interest | 4.5 | 4.6 |
| Accrued liabilities | 41.3 | 42.7 |
| Current portion of operating lease liabilities | 6.9 | 6.9 |
| Current portion of finance lease liabilities | 13.0 | 22.0 |
| Total current liabilities | 140.1 | 164.1 |
| Long-term debt | 285.1 | 284.3 |
| Long-term operating lease liabilities | 13.5 | 16.0 |
| Long-term finance lease liabilities | 26.4 | 36.2 |
| Other non-current liabilities | 1.7 | 0.4 |
| Commitments, contingencies and off-balance sheet arrangements (Note 10) | ||
| Stockholders’ equity: | ||
| Common Stock, $0.01 par value; 110.0 authorized; 17.5 and 14.3 issued | 0.2 | 0.1 |
| Additional paid-in capital | 557.5 | 553.4 |
| Treasury stock, at cost, 0.5 shares and 0.4 shares | (5.8) | (5.3) |
| Accumulated deficit | (562.4) | (509.4) |
| Total stockholders’ (deficit) equity | (10.5) | 38.8 |
| Total liabilities and stockholders' equity | $456.3 | $539.8 |
(1) Includes right-of-use ("ROU") assets - finance leases. See Note 5 - Property and Equipment, Net and Note 8 - Leases.
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