FORUM ENERGY TECHNOLOGIES, INC. company info

CIK 1401257
IRS Number 611488595
State of incorporation DE
Business address 920 MEMORIAL CITY WAY
SUITE 1000
HOUSTON
TX
77024
Mail address 920 MEMORIAL CITY WAY
SUITE 1000
HOUSTON
TX
77024

Short summary

FORUM ENERGY TECHNOLOGIES, INC. is a Texas company, with head office located at 920 Memorial City Way Houston, Texas 77024. In 2017 the company owned a total of 2.18 billion USD worth of assets, including 753.96 million USD worth of current assets. 2013 was the year when the company amassed the most assets. The company net sales last year amounted to 818.62 million USD.

FORUM ENERGY TECHNOLOGIES, INC. Income Statement

Name [in Millions USD]200920102011201220132014201520162017Trends
Revenue, Net 747.341,128.131,414.931,524.811,739.721,073.65587.64818.62
Gross Profit 214.26362.46463.06475.23559.45262.6899.74188.79
Selling, General and Administrative Expense 141.44186.77225.27269.67312.82264.91227.01253.71
Operating Expenses 140.98201.85222.18272.98316.58391.22230.51331.38
Operating Income (Loss) 73.28160.61240.88209.55268.04-113.72-128.95-141.60
Interest expense 18.1919.5316.3718.3729.8529.9527.4126.81
Other Nonoperating Income (Expense) 2.31-0.38-1.71-2.95
Income Tax Expense (Benefit) 20.3047.1171.2756.4868.15-14.94-56.054.12
Net income 23.9493.34151.46129.54174.37-119.35-81.98-59.40

FORUM ENERGY TECHNOLOGIES, INC. Balance Sheet

Name [in Millions USD]200920102011201220132014201520162017Trends
Cash and cash equivalents 26.8966.1414.80199.4832.6457.84137.23220.4742.34
Accounts Receivable, Net, Current 252.54245.67276.60199.6294.41145.34194.95
Inventories 402.63425.09458.00522.82375.04364.78468.90
Deferred income taxes 18.7031.9026.3223.070
Goodwill 294.38602.80684.38824.40808.37662.93595.83757.80
Intangible Assets, Net (Excluding Goodwill) 230.76244.52295.71265.81232.52213.31426.74
Other Assets, Noncurrent 7.934.144.704.003.222.889.68
Total assets 1,706.502,037.222,235.342,209.371,773.191,795.842,182.51
Current assets 721.14934.61849.95861.62640.51767.13753.96
Accounts payable 114.4997.48129.64114.9569.04113.95143.90
Total current liabilities 255.91261.62240.49216.16131.70181.75217.22
Long-term Debt, Excluding Current Maturities 647.29
Deferred income taxes 36.4054.36106.0097.8318.685.014.18
Total liabilities 643.50820.27795.15774.06577.58620.03735.65
Common Stock, Value, Issued 0.860.920.940.980.991.051.17
Retained Earnings (Accumulated Deficit) 330.75457.46601.19737.05528.67404.53465.83
Accumulated Other Comprehensive Income (Loss), Net of Tax -12.25-24.9020.52-48.67-101.54-105.79-85.66

FORUM ENERGY TECHNOLOGIES, INC. Cash Flow

Name [in Millions USD]200920102011201220132014201520162017Trends
Net income 23.9493.34151.46129.54174.37-119.35-81.98-59.40
Depreciation 21.8926.2531.4636.1737.4138.3935.6434.40
Amortization of Intangible Assets 11.3314.5320.3524.4127.6627.3026.1230.73
Depreciation and amortization 33.2240.7851.80
Deferred Income Tax Expense (Benefit) -1.18-1.48-6.3515.14-3.27-23.25-24.420.15
Accounts receivable 13.1362.35-12.87-1.1944.73-145.75-29.4564.84
Inventories 5.7590.63100.27-23.0425.88-0.34-57.2966.65
Net Cash Provided by (Used in) Operating Activities 65.9839.28137.94211.39269.97155.9164.74-40.03
Payments to Acquire Property, Plant, and Equipment 19.6241.1649.6960.2653.7932.2916.8326.71
Payments to Acquire Businesses, Net of Cash Acquired 0509.86139.89181.7238.2960.844.07162.19
Net Cash Provided by (Used in) Investing Activities -19.22-550.11-184.52-289.03-70.69-91.31-11.14-187.97
Proceeds from Issuance of Long-term Debt 323.9210.4963.40223.2415.4294.980107.43
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures -0.07-0.02-0.05-1.24
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures -0.07-0.02-0.05-1.24
Proceeds from Issuance of Common Stock 64.9357.0514.435.4611.105.2887.681.49
Payments for Repurchase of Common Stock 25.160.050.064.3296.636.440.624.74
Net Cash Provided by (Used in) Financing Activities -54.27510.1565.7877.05-162.02-26.9486.20100.56
Cash and Cash Equivalents, Period Increase (Decrease) -6.550.2020.52-1.4837.0032.67125.17-119.21