| Address:
|
24955 INTERSTATE 45 NORTH
|
| City: |
THE WOODLANDS |
|
State: |
TX |
|
Zip Code: |
77380 |
| Telephone: |
281-367-1983 |
|
Description of Business
|
Primary SIC Code:
1311 |
| (As filed with the SEC)
|
|
|
We are a geographically diversified oil and gas services company focused on
completion fluids and other products, production testing, wellhead compression,
and selected offshore services including well plugging and abandonment,
decommissioning, and diving, with a concentrated domestic exploration and
production business. We are composed of five reporting segments organized into
three divisions - Fluids, Offshore, and Production Enhancement.
Our Fluids Division manufactures and markets certain clear brine fluids,
additives, and other associated products and services to the oil and gas
industry for use in well drilling, completion, and workover operations, both in
the United States and in certain regions of Latin America, Europe, Asia, and
Africa. The Division also markets liquid and dry calcium chloride manufactured
at its production facilities to a variety of markets outside the energy
industry. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | -0.45 | NA | N/E | | 06/2011 | -0.46 | NA | N/E | | 03/2011 | -0.67 | NA | N/E | | 12/2010 | -0.57 | NA | N/E | | 09/2010 | 0.58 | NA | 17.59 | | 06/2010 | 0.89 | NA | 10.20 | | 03/2010 | 0.83 | NA | 14.72 | | 12/2009 | 0.91 | NA | 12.18 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.22 | Total Liab/Total Assets | 0.60 | | Net Inc/Total Assets | -0.03 | Total Liab/Inv Cap | 0.73 | | Net Inc/Inv Cap | -0.04 | Total Liab/Comm Equity | 4.01 | | Pretax Inc/Net Sales | -0.08 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | -0.05 | Curr Debt/Equity | 0.01 | | Cash Flow/Net Sales | 0.18 | LTD/Equity | 0.59 | | SG&A/NetSales | 0.11 | Total Debt/Equity | 0.60 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 4.68 | Quick Ratio | 1.43 | | Inventory Turnover | 6.56 | Current Ratio | 1.91 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.46 | | Net Sales/Work Cap | 4.41 | Inv/Curr Assets | 0.25 | | Net Sales/PP&E | 1.18 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
201.43
|
235.11
|
222.55
|
213.25
|
|
Cost of Goods Sold
|
165.77
|
199.30
|
196.18
|
194.92
|
|
Selling & Admin Exps
|
27.51
|
29.01
|
27.76
|
27.79
|
|
Operating Income
|
8.16
|
6.81
|
-1.40
|
-95.79
|
|
Interest Exp
|
NA
|
NA
|
NA
|
NA
|
|
Pretax Income
|
2.83
|
47.55
|
-4.04
|
-102.60
|
|
Other Income
|
-1.25
|
44.83
|
1.55
|
-2.25
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
1.39
|
30.37
|
-2.52
|
-62.88
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
240.54
|
323.88
|
72.58
|
70.59
|
|
Receivables - Total
|
194.62
|
193.66
|
190.53
|
192.09
|
|
Inventories - Total
|
97.50
|
94.95
|
98.38
|
104.31
|
|
Total Current Assets
|
565.23
|
644.26
|
403.10
|
414.94
|
|
Net Property, Plant & Equipment
|
533.83
|
467.12
|
683.32
|
739.87
|
|
Total Assets
|
1,244.48
|
1,250.95
|
1,231.33
|
1,299.63
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
133.55
|
129.06
|
111.64
|
211.62
|
|
Debt in Current Liabilities
|
0.00
|
0.00
|
NA
|
5.21
|
|
Total Current Liabilities
|
242.58
|
218.45
|
224.41
|
216.83
|
|
Long-Term Debt
|
305.04
|
305.04
|
317.08
|
305.04
|
|
Total Liabilities
|
649.35
|
649.34
|
713.98
|
783.31
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
42.79
|
42.98
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.79
|
0.79
|
0.78
|
0.78
|
|
Retained Earnings
|
349.02
|
347.64
|
317.26
|
319.78
|
|
Treasury Stock
|
-9.96
|
-9.84
|
-8.84
|
-8.38
|
|
Total Stockholders' Equity
|
552.34
|
558.63
|
517.35
|
516.32
|
|
Total Liabilities and Stockholders' Equity
|
1,201.69
|
1,207.97
|
1,231.33
|
1,299.63
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
-11.53
|
29.55
|
30.37
|
33.97
|
|
Net Cash Provided by Investing Activities
|
-84.57
|
172.72
|
-28.05
|
-35.54
|
|
Net Cash Provided by Financing Activities
|
-0.06
|
48.64
|
3.19
|
-7.00
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 784.87 | 101.88 | 1.37 | | 12/2007 | 982.48 | 28.77 | 0.02 | | 12/2008 | 1,009.06 | -12.14 | -0.13 | | 12/2009 | 878.88 | 68.80 | 0.91 | | 12/2010 | 872.68 | -43.72 | -0.57 | | Growth Rates | 2.69 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 166 | 74,630 | 96.58 |
|
Report Date :
2/6/2012
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