| Address:
|
150 - 6TH AVENUE S.W.
SUITE 4200 |
| City: |
CALGARY |
|
State: |
|
|
Zip Code: |
T2P 3Y7 |
| Telephone: |
403-716-4500 |
|
Description of Business
|
Primary SIC Code:
1381 |
| (As filed with the SEC)
|
|
|
Precision's continuing operations are carried out in two segments: Contract
Drilling Services and Completion and Production Services. In Canada, the
Contract Drilling Services segment included land drilling services, camp and
catering services, procurement and distribution of oilfield supplies and the
manufacture and refurbishment of drilling and service rig equipment, and the
Completion and Production Services segment included service rig well completion
and workover services, snubbing services, wastewater treatment services and the
rental of oilfield surface equipment, tubulars and well control equipment and
wellsite accommodations. In the United States, the Contract Drilling Services
segment includes land drilling services and trucking services for the movement
of Precision rigs. Internationally, the Contract Drilling Services segment
includes land drilling services. As at December 31, 2008, Precision had over
7,200 employees. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2010 | 0.22 | NA | 44.05 | | 09/2010 | 0.08 | NA | 85.62 | | 06/2010 | 0.10 | NA | 66.40 | | 03/2010 | 0.56 | NA | 13.70 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.02 | Total Liab/Total Assets | 0.40 | | Net Inc/Total Assets | 0.01 | Total Liab/Inv Cap | 0.42 | | Net Inc/Inv Cap | 0.02 | Total Liab/Comm Equity | 0.62 | | Pretax Inc/Net Sales | 0.04 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | 0.04 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.21 | LTD/Equity | 0.31 | | SG&A/NetSales | 0.08 | Total Debt/Equity | 0.31 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 4.04 | Quick Ratio | 3.10 | | Inventory Turnover | 131.64 | Current Ratio | 3.13 | | Inventory Day Sales | 0.49 | Net Rec/Curr Assets | 0.61 | | Net Sales/Work Cap | 3.11 | Inv/Curr Assets | 0.01 | | Net Sales/PP&E | 0.51 | | |
Income Statement (Millions) |
| |
12/31/2010
|
12/31/2009
|
12/31/2008
|
12/31/2007
|
|
Total Revenues(Net Sales)
|
1,438.79
|
1,142.22
|
901.68
|
1,028.78
|
|
Cost of Goods Sold
|
892.42
|
660.32
|
489.49
|
526.11
|
|
Selling & Admin Exps
|
108.21
|
93.67
|
54.97
|
57.12
|
|
Operating Income
|
254.28
|
256.60
|
288.62
|
363.26
|
|
Interest Exp
|
NA
|
NA
|
11.97
|
8.03
|
|
Pretax Income
|
54.39
|
154.79
|
278.69
|
355.84
|
|
Other Income
|
-199.89
|
-101.81
|
2.19
|
0.60
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
62.49
|
154.25
|
247.87
|
352.52
|
|
Assets
|
12/31/2010
|
12/31/2009
|
12/31/2008
|
12/31/2007
|
|
Cash & Short Term Investments
|
258.47
|
124.77
|
50.33
|
NA
|
|
Receivables - Total
|
417.55
|
295.37
|
503.31
|
252.09
|
|
Inventories - Total
|
4.97
|
8.59
|
7.08
|
9.43
|
|
Total Current Assets
|
680.99
|
428.73
|
560.72
|
277.10
|
|
Net Property, Plant & Equipment
|
2,830.25
|
2,779.57
|
2,653.92
|
1,234.07
|
|
Total Assets
|
4,324.25
|
3,998.39
|
4,137.35
|
1,861.94
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
217.90
|
122.46
|
238.08
|
119.61
|
|
Debt in Current Liabilities
|
0.00
|
0.21
|
48.14
|
14.39
|
|
Total Current Liabilities
|
217.90
|
122.67
|
286.22
|
142.84
|
|
Long-Term Debt
|
809.64
|
714.19
|
1,250.08
|
122.15
|
|
Total Liabilities
|
1,729.85
|
1,533.09
|
3,256.73
|
2,219.65
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
2,788.73
|
0.00
|
NA
|
NA
|
|
Retained Earnings
|
170.40
|
102.28
|
868.05
|
-357.71
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
2,594.39
|
2,465.30
|
880.62
|
-357.71
|
|
Total Liabilities and Stockholders' Equity
|
4,324.25
|
3,998.39
|
4,137.35
|
1,861.94
|
Cash Flow Summary (Millions) |
|
Categories
|
12/31/2010
|
12/31/2009
|
12/31/2008
|
12/31/2007
|
|
Net Cash Provided by Operating Activities
|
307.35
|
481.45
|
281.42
|
493.51
|
|
Net Cash Provided by Investing Activities
|
-118.87
|
-200.54
|
-834.74
|
-195.12
|
|
Net Cash Provided by Financing Activities
|
-59.06
|
-191.75
|
603.66
|
-298.39
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 1,233.59 | 497.35 | -- | | 12/2007 | 1,028.78 | 352.52 | -- | | 12/2008 | 901.68 | 247.87 | -- | | 12/2009 | 1,142.22 | 154.24 | -- | | 12/2010 | 1,438.79 | 62.49 | 0.22 | | Growth Rates | 3.92 | -40.46 | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 202 | 175,177 | 63.45 |
|
Report Date :
2/6/2012
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