| Address:
|
1301 MCKINNEY STREET
SUITE 1800 |
| City: |
HOUSTON |
|
State: |
TX |
|
Zip Code: |
77010 |
| Telephone: |
713-651-4300 |
|
Description of Business
|
Primary SIC Code:
1389 |
| (As filed with the SEC)
|
|
|
Key Energy Services, Inc. (NYSE: KEG) is a Maryland corporation and is the
largest onshore, rig-based well servicing contractor based on the number of rigs
owned. References to "Key," the "Company," "we," "us" or "our" refer to Key
Energy Services, Inc., its wholly-owned subsidiaries and its controlled
subsidiaries. We were organized in April 1977 and commenced operations in July
1978 under the name National Environmental Group, Inc. In December 1992, we
became Key Energy Group, Inc. and we changed our name to Key Energy Services,
Inc. in December 1998.
We provide a full range of well services to major oil companies, foreign
national oil companies and independent oil and natural gas production companies.
Our services include rig-based and coiled tubing-based well maintenance and
workover services, well completion and recompletion services, fluid management
services, and fishing and rental services and other ancillary oilfield services. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.35 | NA | 27.11 | | 06/2011 | 0.04 | NA | 450.00 | | 03/2011 | -0.30 | NA | N/E | | 12/2010 | -0.25 | NA | N/E | | 09/2010 | -0.69 | NA | N/E | | 06/2010 | -1.33 | NA | N/E | | 03/2010 | -1.36 | NA | N/E | | 12/2009 | -1.29 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.09 | Total Liab/Total Assets | 0.50 | | Net Inc/Total Assets | 0.04 | Total Liab/Inv Cap | 0.59 | | Net Inc/Inv Cap | 0.05 | Total Liab/Comm Equity | 1.20 | | Pretax Inc/Net Sales | -0.05 | Interest Coverage Ratio | -0.33 | | Net Inc/Net Sales | 0.06 | Curr Debt/Equity | 0.00 | | Cash Flow/Net Sales | 0.11 | LTD/Equity | 0.45 | | SG&A/NetSales | 0.17 | Total Debt/Equity | 0.45 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 3.95 | Quick Ratio | 1.39 | | Inventory Turnover | 35.54 | Current Ratio | 1.47 | | Inventory Day Sales | 0.10 | Net Rec/Curr Assets | 0.71 | | Net Sales/Work Cap | 8.71 | Inv/Curr Assets | 0.06 | | Net Sales/PP&E | 1.23 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
501.32
|
445.37
|
390.98
|
350.20
|
|
Cost of Goods Sold
|
314.66
|
290.62
|
271.80
|
251.48
|
|
Selling & Admin Exps
|
62.93
|
57.39
|
50.39
|
64.85
|
|
Operating Income
|
81.39
|
57.51
|
28.87
|
-4.81
|
|
Interest Exp
|
11.24
|
10.04
|
10.31
|
10.35
|
|
Pretax Income
|
68.52
|
57.17
|
-27.90
|
-16.71
|
|
Other Income
|
-1.63
|
9.70
|
-46.45
|
-1.56
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
44.17
|
36.08
|
-18.14
|
76.54
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
19.32
|
14.64
|
13.18
|
56.63
|
|
Receivables - Total
|
434.77
|
376.81
|
311.64
|
294.71
|
|
Inventories - Total
|
34.81
|
31.23
|
29.99
|
23.52
|
|
Total Current Assets
|
566.63
|
500.21
|
428.60
|
414.02
|
|
Net Property, Plant & Equipment
|
1,144.16
|
1,029.04
|
996.58
|
936.74
|
|
Total Assets
|
2,468.98
|
2,084.08
|
1,987.38
|
1,892.94
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
78.39
|
75.15
|
69.60
|
277.66
|
|
Debt in Current Liabilities
|
2.28
|
2.88
|
3.44
|
3.98
|
|
Total Current Liabilities
|
286.42
|
279.19
|
219.78
|
281.64
|
|
Long-Term Debt
|
744.31
|
569.67
|
580.13
|
427.12
|
|
Total Liabilities
|
1,323.73
|
1,105.56
|
1,051.22
|
943.85
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
30.15
|
35.59
|
34.72
|
32.72
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
15.08
|
14.30
|
14.27
|
14.17
|
|
Retained Earnings
|
272.77
|
228.60
|
192.52
|
210.65
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
1,145.26
|
978.52
|
936.16
|
949.09
|
|
Total Liabilities and Stockholders' Equity
|
2,468.98
|
2,084.08
|
1,987.38
|
1,892.94
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
73.14
|
69.78
|
-39.91
|
39.38
|
|
Net Cash Provided by Investing Activities
|
-254.40
|
-57.11
|
-102.24
|
71.77
|
|
Net Cash Provided by Financing Activities
|
176.22
|
-8.78
|
100.66
|
-88.20
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 1,546.18 | 171.03 | 1.28 | | 12/2007 | 1,662.01 | 169.29 | 1.27 | | 12/2008 | 1,972.09 | 84.06 | 0.67 | | 12/2009 | 955.70 | -156.12 | -1.29 | | 12/2010 | 1,153.68 | 73.50 | -0.25 | | Growth Rates | -7.06 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 215 | 140,645 | 93.30 |
|
Report Date :
2/6/2012
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