Filed for bankruptcy in Nov 2024
ICD - Independence Contract Drilling, Inc.
NYSE
->
Energy
->
Oil & Gas Drilling
Houston,
United States
Type: Equity
ICD price evolution
ICD
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $5.54 | $6.94 | $5.57 | $6.04 |
| Short term investments | ||||
| Net receivables | $30.45 | $27.19 | $31.7 | $26.87 |
| Inventory | $1.53 | $1.57 | $1.56 | $1.88 |
| Total current assets | $39.89 | $39.4 | $43.58 | $36.65 |
| Long term investments | ||||
| Property, plant & equipment | $332.78 | $342.7 | $348.19 | $366.26 |
| Goodwill & intangible assets | ||||
| Total noncurrent assets | $335.06 | $345.37 | $351.1 | $369.46 |
| Total investments | ||||
| Total assets | $374.95 | $384.77 | $394.68 | $406.11 |
| Current liabilities | ||||
| Accounts payable | $20.72 | $18.8 | $22.99 | $17.27 |
| Deferred revenue | ||||
| Short long term debt | $1.4 | $1.52 | $1.23 | $1.41 |
| Total current liabilities | $29.89 | $30.11 | $40.59 | $30.81 |
| Long term debt | $170.95 | $170.38 | $154.55 | $156.34 |
| Total noncurrent liabilities | $187.4 | $181.22 | $172.51 | $168.85 |
| Total debt | $172.35 | $171.9 | $155.78 | $157.74 |
| Total liabilities | $217.29 | $211.32 | $213.1 | $199.66 |
| Shareholders' equity | ||||
| Retained earnings | -$462.5 | -$445.78 | -$436.79 | -$410.84 |
| Other shareholder equity | ||||
| Total shareholder equity | $157.66 | $173.45 | $181.58 | $206.46 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $5.57 | $5.33 | $4.14 | $12.28 |
| Short term investments | ||||
| Net receivables | $31.7 | $39.77 | $22.21 | $10.02 |
| Inventory | $1.56 | $1.51 | $1.17 | $1.04 |
| Total current assets | $43.58 | $51.67 | $32.31 | $27.44 |
| Long term investments | ||||
| Property, plant & equipment | $348.19 | $377.06 | $362.35 | $382.24 |
| Goodwill & intangible assets | ||||
| Total noncurrent assets | $351.1 | $378.04 | $364.8 | $385.77 |
| Total investments | ||||
| Total assets | $394.68 | $429.71 | $397.1 | $413.21 |
| Current liabilities | ||||
| Accounts payable | $22.99 | $31.95 | $15.3 | $4.07 |
| Deferred revenue | ||||
| Short long term debt | $1.23 | $2.48 | $4.46 | $7.64 |
| Total current liabilities | $40.59 | $52.04 | $38.29 | $22.43 |
| Long term debt | $154.55 | $143.22 | $141.74 | $137.63 |
| Total noncurrent liabilities | $172.51 | $162.96 | $163.59 | $143.74 |
| Total debt | $155.78 | $145.71 | $146.2 | $145.27 |
| Total liabilities | $213.1 | $215 | $201.88 | $166.18 |
| Shareholders' equity | ||||
| Retained earnings | -$436.79 | -$399.1 | -$333.78 | -$267.06 |
| Other shareholder equity | $0.09 | |||
| Total shareholder equity | $181.58 | $214.71 | $195.23 | $247.03 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $43.33 | $46.64 | $45.83 | $44.16 |
| Cost of revenue | $31.54 | $30.82 | $31.47 | $27.49 |
| Gross Profit | $11.79 | $15.82 | $14.36 | $16.67 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $3.73 | $4.34 | $5.68 | $6.87 |
| Total operating expenses | $19.47 | $15.16 | $31.48 | $15.89 |
| Operating income | -$7.68 | $0.66 | -$17.12 | $0.78 |
| Income from continuing operations | ||||
| EBIT | -$7.68 | $0.66 | -$17.12 | $0.78 |
| Income tax expense | -$1.21 | -$0.23 | -$0.93 | -$0.84 |
| Interest expense | $10.24 | $9.88 | $9.76 | $9.22 |
| Net income | ||||
| Net income | -$16.72 | -$8.99 | -$25.95 | -$7.6 |
| Income (for common shares) | -$16.72 | -$8.99 | -$25.95 | -$7.6 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $210.11 | $186.71 | $87.95 | $83.42 |
| Cost of revenue | $130.25 | $123.4 | $75.75 | $65.37 |
| Gross Profit | $79.85 | $63.31 | $12.2 | $18.05 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $24.5 | $24.81 | $15.7 | $13.48 |
| Total operating expenses | $83.57 | $65.41 | $55.32 | $100.21 |
| Operating income | -$3.72 | -$2.1 | -$43.12 | -$82.16 |
| Income from continuing operations | ||||
| EBIT | -$3.72 | -$41.94 | -$32.99 | -$82.16 |
| Income tax expense | -$1.98 | -$6.2 | $18.53 | -$0.15 |
| Interest expense | $35.95 | $29.57 | $15.19 | $14.63 |
| Net income | ||||
| Net income | -$37.7 | -$65.32 | -$66.71 | -$96.64 |
| Income (for common shares) | -$37.7 | -$65.32 | -$66.71 | -$96.64 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Net income | -$16.72 | -$8.99 | -$25.95 | -$7.6 |
| Operating activities | ||||
| Depreciation | $12.57 | $11.83 | $11.05 | $10.23 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $0.41 | $0.22 | $1.03 | $1.79 |
| Total cash flows from operations | $6.46 | $11 | $7.47 | $18.49 |
| Investing activities | ||||
| Capital expenditures | -$5.5 | -$8.19 | -$2.72 | -$3.88 |
| Investments | ||||
| Total cash flows from investing | -$5.5 | -$8.19 | -$2.72 | -$3.88 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$0.16 | $0.03 | ||
| Net borrowings | -$2.36 | -$1.26 | -$4.98 | -$14.15 |
| Total cash flows from financing | -$2.36 | -$1.43 | -$5.24 | -$14.15 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$1.4 | $1.38 | -$0.48 | $0.46 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | -$37.7 | -$65.32 | -$66.71 | -$96.64 |
| Operating activities | ||||
| Depreciation | $43.54 | $40.44 | $38.91 | $43.92 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $5.67 | $4.64 | $2.29 | $1.98 |
| Total cash flows from operations | $61.02 | $28.58 | -$9.58 | $0.29 |
| Investing activities | ||||
| Capital expenditures | -$36.22 | -$38.49 | -$14.38 | -$9.12 |
| Investments | $0.14 | |||
| Total cash flows from investing | -$36.22 | -$38.3 | -$14.38 | -$8.98 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$0.01 | $3.03 | $13.2 | $10.14 |
| Net borrowings | -$23.89 | $17.78 | $2.63 | $5.67 |
| Total cash flows from financing | -$24.57 | $10.91 | $15.82 | $15.76 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | $0.24 | $1.19 | -$8.14 | $7.07 |
News
Fundamentals
| Market cap | $1.24M |
|---|---|
| Enterprise value | $168.05M |
| Shares outstanding | 15.21M |
| Revenue | $179.96M |
|---|---|
| EBITDA | $22.32M |
| EBIT | -$23.36M |
| Net Income | -$59.25M |
| Revenue Q/Q | -23.12% |
| Revenue Y/Y | -21.59% |
| P/E ratio | -0.02 |
|---|---|
| EV/Sales | 0.93 |
| EV/EBITDA | 7.53 |
| EV/EBIT | -7.19 |
| P/S ratio | 0.01 |
| P/B ratio | 0.01 |
| Book/Share | 10.36 |
| Cash/Share | 0.36 |
| EPS | -$3.89 |
|---|---|
| ROA | -15.19% |
| ROE | -32.96% |
| Debt/Equity | 1.17 |
|---|---|
| Net debt/EBITDA | 9.49 |
| Current ratio | 1.33 |
| Quick ratio | 1.28 |