Cash flow ProPetro Holding Corp.

Equities

PUMP

US74347M1080

Oil Related Services and Equipment

Market Closed - Nyse Other stock markets 01:30:02 14/09/2024 am IST			5-day change	1st Jan Change
7.310 ^USD	+1.53%		-0.27%	-12.77%

01/08	Tranche Update on ProPetro Holding Corp.'s Equity Buyback Plan announced on May 17, 2023.	CI
31/07	Transcript : ProPetro Holding Corp., Q2 2024 Earnings Call, Jul 31, 2024

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Published financial data: PROPETRO HOLDING CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	205.23Cr	79Cr	87Cr	127.97Cr	163.04Cr
Total Revenues	205.23Cr	79Cr	87Cr	127.97Cr	163.04Cr
Cost of Goods Sold, Total	147.04Cr	58Cr	66Cr	88Cr	113.18Cr
Gross Profit	58Cr	20Cr	21Cr	40Cr	50Cr
Selling General & Admin Expenses, Total	7.79Cr	7.26Cr	8.94Cr	10Cr	11Cr
Depreciation & Amortization - (IS)	15Cr	15Cr	13Cr	13Cr	18Cr
Other Operating Expenses, Total	22Cr	23Cr	22Cr	23Cr	29Cr
Operating Income	36Cr	-2.09Cr	-1.05Cr	17Cr	21Cr
Interest Expense, Total	-71.41L	-23.83L	-6L	-16.05L	-53.08L
Net Interest Expenses	-71.41L	-23.83L	-6L	-16.05L	-53.08L
Other Non Operating Income (Expenses)	-7L	-69.74L	9L	1.32Cr	4L
EBT, Excl. Unusual Items	35Cr	-3.03Cr	-1.03Cr	18Cr	20Cr
Restructuring Charges	-	-	-	-	-22.97L
Impairment of Goodwill	-	-94L	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-15.7L	-99.38L
Gain (Loss) On Sale Of Assets	-11Cr	-5.81Cr	-6.46Cr	-10Cr	-7.3Cr
Asset Writedown	-34.05L	-2.25Cr	-	-5.75Cr	-
Insurance Settlements	-	-	98L	1.04Cr	4L
Legal Settlements	-	-	-	-3.41Cr	-
Other Unusual Items	-2.72Cr	-1.42Cr	-33.29L	1.52Cr	-10.72L
EBT, Incl. Unusual Items	21Cr	-13Cr	-6.84Cr	73.86L	12Cr
Income Tax Expense	5.05Cr	-2.75Cr	-1.43Cr	53.56L	2.99Cr
Earnings From Continuing Operations	16Cr	-11Cr	-5.42Cr	20.3L	8.56Cr
Net Income to Company	16Cr	-11Cr	-5.42Cr	20.3L	8.56Cr
Net Income - (IS)	16Cr	-11Cr	-5.42Cr	20.3L	8.56Cr
Net Income to Common Incl Extra Items	16Cr	-11Cr	-5.42Cr	20.3L	8.56Cr
Net Income to Common Excl. Extra Items	16Cr	-11Cr	-5.42Cr	20.3L	8.56Cr
Per Share Items
Net EPS - Basic	1.62	-1.06	-0.53	0.02	0.76
Basic EPS - Continuing Operations	1.62	-1.06	-0.53	0.02	0.76
Basic Weighted Average Shares Outstanding	10Cr	10Cr	10Cr	11Cr	11Cr
Net EPS - Diluted	1.57	-1.06	-0.53	0.02	0.76
Diluted EPS - Continuing Operations	1.57	-1.06	-0.53	0.02	0.76
Diluted Weighted Average Shares Outstanding	10Cr	10Cr	10Cr	11Cr	11Cr
Normalized Basic EPS	2.18	-0.19	-0.06	1.05	1.11
Normalized Diluted EPS	2.11	-0.19	-0.06	1.03	1.11
Supplemental Items
EBITDA	50Cr	13Cr	12Cr	29Cr	39Cr
EBITA	36Cr	-2.09Cr	-1.05Cr	17Cr	21Cr
EBIT	36Cr	-2.09Cr	-1.05Cr	17Cr	21Cr
EBITDAR	51Cr	13Cr	12Cr	30Cr	39Cr
Effective Tax Rate - (Ratio)	23.65	20.43	20.82	72.52	25.86
Current Domestic Taxes	17.36L	2L	36T	11.43L	20.28L
Total Current Taxes	17.36L	2L	36T	11.43L	20.28L
Deferred Domestic Taxes	4.88Cr	-2.77Cr	-1.43Cr	42.13L	2.78Cr
Total Deferred Taxes	4.88Cr	-2.77Cr	-1.43Cr	42.13L	2.78Cr
Normalized Net Income	22Cr	-1.89Cr	-64.14L	11Cr	13Cr
Interest on Long-Term Debt	71.41L	23.83L	-	-	10L
Supplemental Operating Expense Items
Advertising Expense	12L	4L	8L	-	-
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	7.79Cr	7.26Cr	8.94Cr	10Cr	11Cr
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	41L	13L	9L	15L	75L
Imputed Operating Lease Interest Expense	22.97L	4L	69.89L	11.45L	35.05L
Imputed Operating Lease Depreciation	18.03L	9L	-60.89L	4L	39.95L
Stock-Based Comp., G&A Exp. (Total)	77.76L	91L	1.15Cr	2.19Cr	1.44Cr
Total Stock-Based Compensation	77.76L	91L	1.15Cr	2.19Cr	1.44Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	15Cr	6.88Cr	11Cr	7.89Cr	3.34Cr
Short Term Investments	-	-	-	1.03Cr	77.45L
Total Cash And Short Term Investments	15Cr	6.88Cr	11Cr	8.91Cr	4.11Cr
Accounts Receivable, Total	21Cr	8.42Cr	13Cr	22Cr	24Cr
Total Receivables	21Cr	8.42Cr	13Cr	22Cr	24Cr
Inventory	24.36L	27.29L	39.49L	50.34L	1.77Cr
Prepaid Expenses	1.08Cr	1.12Cr	67.52L	86.43L	1.46Cr
Restricted Cash	-	-	-	1Cr	-
Other Current Assets, Total	11.21L	8L	3L	38T	4L
Total Current Assets	38Cr	17Cr	25Cr	33Cr	31Cr
Gross Property Plant And Equipment	137.82Cr	129.18Cr	129.84Cr	145.7Cr	174.97Cr
Accumulated Depreciation	-33Cr	-41Cr	-49Cr	-53Cr	-66Cr
Net Property Plant And Equipment	104.85Cr	88Cr	81Cr	93Cr	109.31Cr
Goodwill	94.25L	-	-	2.36Cr	2.36Cr
Other Intangibles, Total	0	-	-	5.63Cr	5.06Cr
Other Long-Term Assets, Total	25.71L	18.27L	12.69L	11.5L	21.16L
Total Assets	143.61Cr	105.07Cr	106.12Cr	133.58Cr	148.03Cr
Liabilities
Accounts Payable, Total	19Cr	7.92Cr	15Cr	23Cr	16Cr
Accrued Expenses, Total	1.84Cr	1.12Cr	68.16L	1.47Cr	1.55Cr
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	31.33L	3L	4L	9L	3.41Cr
Current Income Taxes Payable	1.83Cr	-	-	-	-
Unearned Revenue Current, Total	-	-	-	1Cr	1.92Cr
Other Current Liabilities	-	1.35Cr	1.4Cr	2.44Cr	4.09Cr
Total Current Liabilities	23Cr	10Cr	17Cr	28Cr	27Cr
Long-Term Debt	13Cr	-	-	3Cr	4.5Cr
Long-Term Leases	8L	5L	97T	23.08L	6.95Cr
Deferred Tax Liability Non Current	10Cr	7.53Cr	6.11Cr	6.53Cr	9.31Cr
Other Non Current Liabilities	-	-	-	-	31.8L
Total Liabilities	47Cr	18Cr	23Cr	38Cr	48Cr
Preferred Stock Convertible	-	-	-	-	-
Preferred Stock - Others	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	1L	1L	1L	1L	1L
Additional Paid In Capital	83Cr	84Cr	84Cr	97Cr	93Cr
Retained Earnings	14Cr	3.56Cr	-1.86Cr	-1.66Cr	6.9Cr
Total Common Equity	97Cr	87Cr	83Cr	95Cr	100Cr
Total Equity	97Cr	87Cr	83Cr	95Cr	100Cr
Total Liabilities And Equity	143.61Cr	105.07Cr	106.12Cr	133.58Cr	148.03Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10Cr	10Cr	10Cr	12Cr	11Cr
ECS Total Common Shares Outstanding	10Cr	10Cr	10Cr	11Cr	11Cr
Book Value / Share	9.63	8.63	7.99	8.33	9.12
Tangible Book Value	96Cr	87Cr	83Cr	87Cr	92Cr
Tangible Book Value Per Share	9.54	8.63	7.99	7.63	8.44
Total Debt	13Cr	8L	5L	3.32Cr	15Cr
Net Debt	-1.51Cr	-6.8Cr	-11Cr	-5.6Cr	11Cr
Debt Equivalent Oper. Leases	3.28Cr	1.04Cr	72L	1.2Cr	6Cr
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	24.36L	27.29L	39.49L	50.34L	1.77Cr
Land - (BS)	1.08Cr	1.06Cr	1.06Cr	1.18Cr	1.41Cr
Buildings, Total	2.44Cr	2.93Cr	3Cr	3.43Cr	3.79Cr
Machinery, Total	133.37Cr	124.27Cr	124.85Cr	139.77Cr	155.13Cr
Full Time Employees	2.2T	1.1T	1.5T	2T	2.07T
Accumulated Allowance for Doubtful Accounts (Supple)	10.49L	14.97L	2L	4L	2L

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	16Cr	-11Cr	-5.42Cr	20.3L	8.56Cr
Depreciation & Amortization - CF	15Cr	15Cr	13Cr	13Cr	18Cr
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	10L	57L
Depreciation & Amortization, Total	15Cr	15Cr	13Cr	13Cr	18Cr
Amortization of Deferred Charges, Total - (CF)	5L	5L	5L	8L	4L
(Gain) Loss From Sale Of Asset	11Cr	5.81Cr	6.46Cr	10Cr	7.3Cr
(Gain) Loss on Sale of Investments - (CF)	-	-	-	15.7L	25.38L
Asset Writedown & Restructuring Costs	34.05L	3.8Cr	-	5.75Cr	-
Stock-Based Compensation (CF)	77.76L	91L	1.15Cr	2.19Cr	1.44Cr
Provision and Write-off of Bad Debts	9L	4L	3L	2L	34T
Other Operating Activities, Total	4.85Cr	-2.8Cr	-1.46Cr	15.45L	2.78Cr
Change In Accounts Receivable	-1.02Cr	13Cr	-4.37Cr	-6.69Cr	-1.24Cr
Change In Inventories	39.17L	-3L	-12.2L	1L	-60.17L
Change In Accounts Payable	-2.52Cr	-9.57Cr	5.18Cr	2.74Cr	-1.14Cr
Change in Other Net Operating Assets	1.02Cr	-1.72Cr	60.19L	2.41Cr	1.98Cr
Cash from Operations	46Cr	14Cr	15Cr	30Cr	37Cr
Capital Expenditure	-50Cr	-10Cr	-14Cr	-32Cr	-37Cr
Sale of Property, Plant, and Equipment	75.95L	63.86L	3.92Cr	85.77L	89.57L
Cash Acquisitions	-	-	-	-3.86Cr	-2.22Cr
Cash from Investing	-50Cr	-9.42Cr	-10Cr	-35Cr	-38Cr
Long-Term Debt Issued, Total	11Cr	68.21L	-	3Cr	3Cr
Total Debt Issued	11Cr	68.21L	-	3Cr	3Cr
Long-Term Debt Repaid, Total	-5.03Cr	-13Cr	-54.73L	-	-1.97Cr
Total Debt Repaid	-5.03Cr	-13Cr	-54.73L	-	-1.97Cr
Issuance of Common Stock	11.64L	-	40.17L	10L	-
Repurchase of Common Stock	-	-6L	-58.2L	-38.79L	-5.53Cr
Issuance of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	-45.47L	-	-	-8L	-11.79L
Cash from Financing	5.63Cr	-13Cr	-72.76L	2.63Cr	-4.61Cr
Net Change in Cash	1.63Cr	-8.03Cr	4.31Cr	-2.31Cr	-5.55Cr
Supplemental Items
Cash Interest Paid	64.33L	22.07L	72T	5L	45.64L
Cash Income Tax Paid (Refund)	10.18L	17.86L	2L	1L	11.1L
Levered Free Cash Flow	-26Cr	4.97Cr	2.47Cr	-5.71Cr	-13Cr
Unlevered Free Cash Flow	-26Cr	5.06Cr	2.45Cr	-5.69Cr	-12Cr
Change In Net Working Capital	13Cr	-15.97L	-2.94Cr	-94.16L	7.63Cr
Net Debt Issued / Repaid	5.97Cr	-12Cr	-54.73L	3Cr	1.03Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	16.55	-1.05	-0.62	8.63	9.16
Return on Total Capital	22.76	-1.32	-0.77	11.4	12.08
Return On Equity %	18.45	-11.63	-6.39	0.23	8.77
Return on Common Equity	18.45	-11.63	-6.39	0.23	8.77
Margin Analysis
Gross Profit Margin %	28.36	25.97	24.27	31.01	30.58
SG&A Margin	3.79	9.2	10.22	8.07	6.83
EBITDA Margin %	24.56	16.77	14.05	22.94	23.75
EBITA Margin %	17.48	-2.65	-1.2	13.01	13
EBIT Margin %	17.48	-2.65	-1.2	12.93	12.66
Income From Continuing Operations Margin %	7.94	-13.56	-6.2	0.16	5.25
Net Income Margin %	7.94	-13.56	-6.2	0.16	5.25
Net Avail. For Common Margin %	7.94	-13.56	-6.2	0.16	5.25
Normalized Net Income Margin	10.69	-2.4	-0.73	8.65	7.72
Levered Free Cash Flow Margin	-12.77	6.29	2.82	-4.46	-7.72
Unlevered Free Cash Flow Margin	-12.58	6.41	2.8	-4.44	-7.54
Asset Turnover
Asset Turnover	1.51	0.63	0.83	1.07	1.16
Fixed Assets Turnover	2.09	0.82	1.03	1.48	1.62
Receivables Turnover (Average Receivables)	9.89	5.32	8.23	7.44	7.2
Inventory Turnover (Average Inventory)	334.59	226.25	198.34	196.55	99.55
Short Term Liquidity
Current Ratio	1.61	1.61	1.44	1.16	1.15
Quick Ratio	1.55	1.47	1.38	1.07	1.03
Operating Cash Flow to Current Liabilities	1.95	1.34	0.89	1.06	1.38
Days Sales Outstanding (Average Receivables)	36.92	68.73	44.32	49.07	50.7
Days Outstanding Inventory (Average Inventory)	1.09	1.62	1.84	1.86	3.67
Average Days Payable Outstanding	50.72	85.23	63.76	79.89	63.11
Cash Conversion Cycle (Average Days)	-12.71	-14.88	-17.6	-28.97	-8.74
Long Term Solvency
Total Debt/Equity	13.82	0.09	0.06	3.48	14.88
Total Debt / Total Capital	12.14	0.09	0.06	3.36	12.95
LT Debt/Equity	13.49	0.05	0.01	3.39	11.47
Long-Term Debt / Total Capital	11.86	0.05	0.01	3.27	9.98
Total Liabilities / Total Assets	32.5	17.13	22.14	28.58	32.56
EBIT / Interest Expense	50.24	-8.78	-17.14	103.1	38.87
EBITDA / Interest Expense	71.17	56.09	201.56	183.85	74.36
(EBITDA - Capex) / Interest Expense	0.74	13.87	-32.19	-15.33	4.49
Total Debt / EBITDA	0.26	0.01	0	0.11	0.38
Net Debt / EBITDA	-0.03	-0.51	-0.9	-0.19	0.27
Total Debt / (EBITDA - Capex)	25.29	0.02	-0.02	-1.35	6.23
Net Debt / (EBITDA - Capex)	-2.85	-2.06	5.64	2.28	4.51
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	20.4	-61.54	10.81	46.33	27.4
Gross Profit, 1 Yr. Growth %	34.1	-64.78	3.56	86.99	25.63
EBITDA, 1 Yr. Growth %	32.68	-73.64	-6.38	138.96	31.89
EBITA, 1 Yr. Growth %	22.83	-105.87