Weatherford International PLC
NASDAQ:WFRD
Income Statement
Earnings Waterfall
Weatherford International PLC
Revenue
|
5.1B
USD
|
Cost of Revenue
|
-3.4B
USD
|
Gross Profit
|
1.7B
USD
|
Operating Expenses
|
-920m
USD
|
Operating Income
|
820m
USD
|
Other Expenses
|
-403m
USD
|
Net Income
|
417m
USD
|
Income Statement
Weatherford International PLC
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
15 263
N/A
|
15 022
-2%
|
14 865
-1%
|
14 922
+0%
|
14 911
0%
|
14 109
-5%
|
12 788
-9%
|
11 148
-13%
|
9 433
-15%
|
8 224
-13%
|
7 236
-12%
|
6 355
-12%
|
5 749
-10%
|
5 550
-3%
|
5 511
-1%
|
5 615
+2%
|
5 699
+1%
|
5 736
+1%
|
5 821
+1%
|
5 805
0%
|
5 744
-1%
|
5 667
-1%
|
5 528
-2%
|
5 398
-2%
|
5 215
-3%
|
5 084
-3%
|
4 596
-10%
|
4 089
-11%
|
3 685
-10%
|
3 302
-10%
|
3 384
+2%
|
3 522
+4%
|
3 645
+3%
|
3 751
+3%
|
3 912
+4%
|
4 087
+4%
|
4 331
+6%
|
4 579
+6%
|
4 789
+5%
|
4 982
+4%
|
5 135
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(12 302)
|
(12 135)
|
(11 838)
|
(11 687)
|
(11 461)
|
(10 824)
|
(10 011)
|
(8 995)
|
(8 021)
|
(7 293)
|
(6 515)
|
(5 876)
|
(5 189)
|
(4 921)
|
(4 872)
|
(4 837)
|
(4 889)
|
(4 828)
|
(4 782)
|
(4 692)
|
(4 514)
|
(4 451)
|
(4 327)
|
(4 229)
|
(4 061)
|
(3 892)
|
(3 482)
|
(3 106)
|
(2 807)
|
(2 530)
|
(2 598)
|
(2 653)
|
(2 716)
|
(2 762)
|
(2 841)
|
(2 930)
|
(3 020)
|
(3 128)
|
(3 219)
|
(3 303)
|
(3 395)
|
|
Gross Profit |
2 961
N/A
|
2 887
-2%
|
3 027
+5%
|
3 235
+7%
|
3 450
+7%
|
3 285
-5%
|
2 777
-15%
|
2 153
-22%
|
1 412
-34%
|
931
-34%
|
721
-23%
|
479
-34%
|
560
+17%
|
629
+12%
|
639
+2%
|
778
+22%
|
810
+4%
|
908
+12%
|
1 039
+14%
|
1 113
+7%
|
1 230
+11%
|
1 216
-1%
|
1 201
-1%
|
1 169
-3%
|
1 154
-1%
|
1 192
+3%
|
1 114
-7%
|
983
-12%
|
878
-11%
|
772
-12%
|
786
+2%
|
869
+11%
|
929
+7%
|
989
+6%
|
1 071
+8%
|
1 157
+8%
|
1 311
+13%
|
1 451
+11%
|
1 570
+8%
|
1 679
+7%
|
1 740
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 309)
|
(2 308)
|
(2 302)
|
(2 319)
|
(2 307)
|
(2 254)
|
(2 175)
|
(2 013)
|
(1 811)
|
(1 681)
|
(1 535)
|
(1 435)
|
(1 262)
|
(1 214)
|
(1 189)
|
(1 189)
|
(1 192)
|
(1 164)
|
(1 154)
|
(1 108)
|
(1 033)
|
(1 026)
|
(1 039)
|
(1 052)
|
(1 083)
|
(1 097)
|
(1 082)
|
(1 032)
|
(934)
|
(852)
|
(793)
|
(772)
|
(823)
|
(813)
|
(822)
|
(850)
|
(868)
|
(885)
|
(892)
|
(909)
|
(920)
|
|
Selling, General & Administrative |
(2 044)
|
(2 041)
|
(2 031)
|
(2 041)
|
(2 017)
|
(1 969)
|
(1 906)
|
(1 760)
|
(1 580)
|
(1 469)
|
(1 341)
|
(1 264)
|
(1 103)
|
(1 061)
|
(1 041)
|
(1 032)
|
(1 034)
|
(1 007)
|
(996)
|
(961)
|
(894)
|
(889)
|
(903)
|
(912)
|
(940)
|
(957)
|
(933)
|
(881)
|
(837)
|
(738)
|
(664)
|
(620)
|
(582)
|
(572)
|
(580)
|
(606)
|
(623)
|
(634)
|
(635)
|
(647)
|
(648)
|
|
Research & Development |
(265)
|
(267)
|
(271)
|
(278)
|
(290)
|
(285)
|
(269)
|
(253)
|
(231)
|
(212)
|
(194)
|
(171)
|
(159)
|
(153)
|
(148)
|
(157)
|
(158)
|
(157)
|
(158)
|
(147)
|
(139)
|
(137)
|
(136)
|
(140)
|
(143)
|
(140)
|
(127)
|
(113)
|
(97)
|
(85)
|
(83)
|
(83)
|
(85)
|
(85)
|
(86)
|
(88)
|
(90)
|
(95)
|
(100)
|
(107)
|
(112)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(39)
|
(78)
|
(117)
|
(156)
|
(156)
|
(156)
|
(156)
|
(155)
|
(156)
|
(157)
|
(155)
|
(156)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(22)
|
(38)
|
0
|
10
|
32
|
48
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
|
Operating Income |
652
N/A
|
579
-11%
|
725
+25%
|
916
+26%
|
1 143
+25%
|
1 031
-10%
|
602
-42%
|
140
-77%
|
(399)
N/A
|
(750)
-88%
|
(814)
-9%
|
(956)
-17%
|
(702)
+27%
|
(585)
+17%
|
(550)
+6%
|
(411)
+25%
|
(382)
+7%
|
(256)
+33%
|
(115)
+55%
|
5
N/A
|
197
+3 840%
|
190
-4%
|
162
-15%
|
117
-28%
|
71
-39%
|
95
+34%
|
32
-66%
|
(49)
N/A
|
(56)
-14%
|
(80)
-43%
|
(7)
+91%
|
97
N/A
|
106
+9%
|
176
+66%
|
249
+41%
|
307
+23%
|
443
+44%
|
566
+28%
|
678
+20%
|
770
+14%
|
820
+6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(616)
|
(511)
|
(515)
|
(507)
|
(749)
|
(820)
|
(811)
|
(862)
|
(655)
|
(576)
|
(588)
|
(567)
|
(549)
|
(655)
|
(546)
|
(548)
|
(518)
|
(451)
|
(579)
|
(584)
|
(608)
|
(635)
|
(641)
|
(509)
|
(373)
|
(276)
|
(175)
|
(228)
|
(266)
|
(278)
|
(291)
|
(281)
|
(260)
|
(238)
|
(214)
|
(189)
|
(179)
|
(162)
|
(202)
|
(188)
|
(180)
|
|
Non-Reccuring Items |
(129)
|
(205)
|
(381)
|
(493)
|
(638)
|
(606)
|
(666)
|
(620)
|
(1 147)
|
(1 293)
|
(1 303)
|
(2 008)
|
(1 621)
|
(1 511)
|
(1 153)
|
(417)
|
(1 788)
|
(1 773)
|
(1 842)
|
(1 905)
|
(2 315)
|
(2 536)
|
(2 553)
|
(3 245)
|
4 133
|
3 579
|
3 263
|
4 034
|
(1 439)
|
(597)
|
(148)
|
(180)
|
(160)
|
(199)
|
(193)
|
(144)
|
(36)
|
8
|
(7)
|
0
|
(5)
|
|
Total Other Income |
(77)
|
(73)
|
(70)
|
(50)
|
(11)
|
38
|
25
|
79
|
105
|
38
|
75
|
43
|
(5)
|
56
|
70
|
55
|
32
|
24
|
(5)
|
(3)
|
(31)
|
(31)
|
(26)
|
(33)
|
(27)
|
(43)
|
(53)
|
(65)
|
(53)
|
(32)
|
(32)
|
(16)
|
(29)
|
(41)
|
(62)
|
(70)
|
(90)
|
(109)
|
(116)
|
(128)
|
(129)
|
|
Pre-Tax Income |
(170)
N/A
|
(210)
-24%
|
(241)
-15%
|
(134)
+44%
|
(255)
-90%
|
(357)
-40%
|
(850)
-138%
|
(1 263)
-49%
|
(2 096)
-66%
|
(2 581)
-23%
|
(2 630)
-2%
|
(3 488)
-33%
|
(2 877)
+18%
|
(2 695)
+6%
|
(2 179)
+19%
|
(1 321)
+39%
|
(2 656)
-101%
|
(2 456)
+8%
|
(2 541)
-3%
|
(2 487)
+2%
|
(2 757)
-11%
|
(3 012)
-9%
|
(3 058)
-2%
|
(3 670)
-20%
|
3 804
N/A
|
3 355
-12%
|
3 067
-9%
|
3 692
+20%
|
(1 814)
N/A
|
(987)
+46%
|
(478)
+52%
|
(380)
+21%
|
(343)
+10%
|
(302)
+12%
|
(220)
+27%
|
(96)
+56%
|
138
N/A
|
303
+120%
|
353
+17%
|
454
+29%
|
506
+11%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(144)
|
(166)
|
(157)
|
(206)
|
(284)
|
(257)
|
(114)
|
49
|
145
|
246
|
216
|
(541)
|
(496)
|
(630)
|
(749)
|
(82)
|
(189)
|
(188)
|
(197)
|
(194)
|
(34)
|
(14)
|
(21)
|
(30)
|
(144)
|
(176)
|
(155)
|
(132)
|
(85)
|
(64)
|
(67)
|
(87)
|
(86)
|
(91)
|
(88)
|
(86)
|
(87)
|
(97)
|
(69)
|
(76)
|
(57)
|
|
Income from Continuing Operations |
(314)
|
(376)
|
(398)
|
(340)
|
(539)
|
(614)
|
(964)
|
(1 214)
|
(1 951)
|
(2 335)
|
(2 414)
|
(4 029)
|
(3 373)
|
(3 325)
|
(2 928)
|
(1 403)
|
(2 845)
|
(2 644)
|
(2 738)
|
(2 681)
|
(2 791)
|
(3 026)
|
(3 079)
|
(3 700)
|
3 660
|
3 179
|
2 912
|
3 560
|
(1 899)
|
(1 051)
|
(545)
|
(467)
|
(429)
|
(393)
|
(308)
|
(182)
|
51
|
206
|
284
|
378
|
449
|
|
Income to Minority Interest |
(31)
|
(32)
|
(37)
|
(40)
|
(45)
|
(47)
|
(41)
|
(38)
|
(34)
|
(30)
|
(27)
|
(22)
|
(19)
|
(17)
|
(20)
|
(21)
|
(20)
|
(18)
|
(17)
|
(17)
|
(20)
|
(21)
|
(20)
|
(21)
|
(25)
|
(29)
|
(27)
|
(28)
|
(22)
|
(20)
|
(23)
|
(22)
|
(21)
|
(21)
|
(22)
|
(25)
|
(25)
|
(28)
|
(30)
|
(29)
|
(32)
|
|
Net Income (Common) |
(345)
N/A
|
(408)
-18%
|
(435)
-7%
|
(380)
+13%
|
(584)
-54%
|
(661)
-13%
|
(1 005)
-52%
|
(1 252)
-25%
|
(1 985)
-59%
|
(2 365)
-19%
|
(2 441)
-3%
|
(4 051)
-66%
|
(3 392)
+16%
|
(3 342)
+1%
|
(2 948)
+12%
|
(1 424)
+52%
|
(2 813)
-98%
|
(2 610)
+7%
|
(2 703)
-4%
|
(2 646)
+2%
|
(2 811)
-6%
|
(3 047)
-8%
|
(3 099)
-2%
|
(3 721)
-20%
|
3 635
N/A
|
3 150
-13%
|
2 885
-8%
|
3 532
+22%
|
(1 921)
N/A
|
(1 071)
+44%
|
(568)
+47%
|
(489)
+14%
|
(450)
+8%
|
(414)
+8%
|
(330)
+20%
|
(207)
+37%
|
26
N/A
|
178
+585%
|
254
+43%
|
349
+37%
|
417
+19%
|
|
EPS (Diluted) |
-0.44
N/A
|
-0.52
-18%
|
-0.56
-8%
|
-0.49
+13%
|
-0.75
-53%
|
-0.85
-13%
|
-1.29
-52%
|
-1.61
-25%
|
-2.55
-58%
|
-2.9
-14%
|
-2.71
+7%
|
-4.5
-66%
|
-3.82
+15%
|
-3.38
+12%
|
-2.97
+12%
|
-1.43
+52%
|
-2.84
-99%
|
-2.62
+8%
|
-2.71
-3%
|
-2.65
+2%
|
-2.82
-6%
|
-3.04
-8%
|
-3.09
-2%
|
-3.71
-20%
|
51.93
N/A
|
45
-13%
|
41.21
-8%
|
50.45
+22%
|
-27.44
N/A
|
-15.31
+44%
|
-8.12
+47%
|
-6.99
+14%
|
-6.43
+8%
|
-5.91
+8%
|
-4.52
+24%
|
-2.87
+37%
|
0.36
N/A
|
2.4
+567%
|
3.47
+45%
|
4.71
+36%
|
5.64
+20%
|