TESCO CORP company info

CIK 1022705
IRS Number 980053204
State of incorporation None
Business address WESTWAY PLAZA, 11330 CLAY ROAD
SUITE 350
HOUSTON
TX
77041
Mail address WESTWAY PLAZA, 11330 CLAY ROAD
SUITE 350
HOUSTON
TX
77041

Short summary

TESCO CORP is a Texas company, with head office located at Westway Plaza, 11330 Clay Road Houston, Texas 77041. In 2016 the company owned a total of 344.28 million USD worth of assets, including 220.97 million USD worth of current assets. 2013 was the year when the company amassed the most assets.

TESCO CORP Income Statement

Name [in Millions USD]200820092010201120122013201420152016Trends
Cost of Goods and Services Sold 320.11307.16408.79433.41413.00433.64296.64178.04
Selling, General and Administrative Expense 43.7447.1249.1544.8349.4953.2441.9030.21
Research and development 7.439.0812.5110.468.589.579.205.75
Operating Expenses 371.28363.35470.45476.34470.03496.45382.14249.52
Operating Income (Loss) -14.4315.3242.5276.8054.8446.54-102.40-114.78
Interest expense 1.890.761.501.220.711.191.610.81
Other Nonoperating Income (Expense) -0.880.140.191.981.550.030.41-0.26
Income Tax Expense (Benefit) -12.346.7814.2824.7815.4017.0115.34-0.09
Net income -5.277.0527.0050.1835.2821.44-133.75-117.93

TESCO CORP Balance Sheet

Name [in Millions USD]200820092010201120122013201420152016Trends
Cash and cash equivalents 20.6241.5441.3332.5946.1299.9662.6797.4791.49
Accounts Receivable, Net, Current 95.03115.59122.97132.9087.6039.2833.32
Inventories 87.00114.74124.90114.15117.9888.7276.23
Deferred income taxes 7.916.656.296.109.32
Property, Plant and Equipment, Gross 375.56405.58435.66447.61339.35337.41
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 172.95200.77230.56258.30209.45216.67
Goodwill 29.3932.7332.7334.4034.400
Other Assets, Noncurrent 4.257.055.657.247.934.832.56
Total assets 488.80562.04588.79646.13540.09379.80344.28
Current assets 260.04309.97336.34388.49304.21244.88220.98
Accounts payable 37.1143.9542.8745.5921.9610.6213.49
Total current liabilities 91.00106.4188.5796.6255.9128.7632.71
Long-term Debt 0.260.0800
Deferred income taxes 3.399.558.418.747.290.900.41
Total liabilities 97.16118.8197.34106.2164.6531.8034.70
Common Stock, Value, Issued 200.69209.47216.33233.86210.96261.14264.94
Retained Earnings (Accumulated Deficit) 155.45198.26239.61270.55228.9951.369.14
Accumulated Other Comprehensive Income (Loss), Net of Tax 35.5035.5035.5035.5035.5035.5035.50

TESCO CORP Cash Flow

Name [in Millions USD]200820092010201120122013201420152016Trends
Net income -5.277.0527.0050.1835.2821.44-133.75-117.93
Amortization of Intangible Assets 1.201.301.501.201.5011.80
Depreciation and amortization 36.7336.1338.4610.7840.7842.0138.1429.33
Deferred Income Tax Expense (Benefit) -1.95-1.811.745.29-1.73-3.4810.18-0.20
Accounts receivable -44.0518.4944.2220.7911.06-6.13-61.48-26.97
Inventories -14.09-12.4652.5423.47-27.0317.16-19.40-19.23
Net Cash Provided by (Used in) Operating Activities 62.9954.8519.2617.7294.2640.58-6.61-2.07
Payments to Acquire Property, Plant, and Equipment 17.2837.0747.3963.6638.0738.3177.09
Payments to Acquire Businesses, Net of Cash Acquired 0016.0001.91500
Net Cash Provided by (Used in) Investing Activities -3.80-25.76-57.64-14.20-24.28-39.00-6.89-3.00
Proceeds from Issuance of Long-term Debt 1001035.409.5700
Proceeds from Issuance of Common Stock 0047.92
Net Cash Provided by (Used in) Financing Activities -40.43-8.410.85-4.425.50-26.39-7.4645.06
Cash and Cash Equivalents, Period Increase (Decrease) 19.3120.67-37.53-0.8975.26-24.81-20.9639.98