Flotek Industries Inc
NYSE:FTK
Income Statement
Earnings Waterfall
Flotek Industries Inc
Revenue
|
188.1m
USD
|
Cost of Revenue
|
-163.8m
USD
|
Gross Profit
|
24.3m
USD
|
Operating Expenses
|
-1.1m
USD
|
Operating Income
|
23.1m
USD
|
Other Expenses
|
1.6m
USD
|
Net Income
|
24.7m
USD
|
Income Statement
Flotek Industries Inc
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 |
371
N/A
|
395
+7%
|
407
+3%
|
426
+5%
|
320
-25%
|
300
-6%
|
281
-6%
|
253
-10%
|
270
+7%
|
251
-7%
|
228
-9%
|
205
-10%
|
188
-8%
|
279
+48%
|
300
+8%
|
315
+5%
|
243
-23%
|
204
-16%
|
159
-22%
|
133
-16%
|
178
+34%
|
180
+1%
|
175
-3%
|
143
-18%
|
119
-17%
|
96
-20%
|
70
-27%
|
61
-13%
|
53
-12%
|
46
-14%
|
46
+1%
|
43
-5%
|
43
N/A
|
45
+3%
|
65
+45%
|
100
+55%
|
136
+36%
|
171
+26%
|
192
+12%
|
194
+1%
|
188
-3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(224)
|
(237)
|
(244)
|
(254)
|
(189)
|
(186)
|
(181)
|
(167)
|
(174)
|
(158)
|
(142)
|
(128)
|
(144)
|
(184)
|
(201)
|
(217)
|
(189)
|
(173)
|
(150)
|
(138)
|
(160)
|
(167)
|
(170)
|
(148)
|
(148)
|
(127)
|
(100)
|
(106)
|
(88)
|
(78)
|
(78)
|
(53)
|
(40)
|
(38)
|
(58)
|
(101)
|
(143)
|
(176)
|
(191)
|
(181)
|
(164)
|
|
Gross Profit |
148
N/A
|
159
+8%
|
163
+3%
|
172
+5%
|
131
-24%
|
114
-13%
|
101
-11%
|
86
-15%
|
96
+12%
|
94
-3%
|
86
-8%
|
77
-10%
|
44
-43%
|
95
+114%
|
99
+5%
|
98
-1%
|
54
-45%
|
31
-43%
|
9
-71%
|
(5)
N/A
|
18
N/A
|
13
-28%
|
6
-57%
|
(4)
N/A
|
(29)
-567%
|
(31)
-9%
|
(31)
+2%
|
(46)
-49%
|
(35)
+23%
|
(32)
+9%
|
(32)
0%
|
(9)
+71%
|
3
N/A
|
6
+91%
|
7
+10%
|
(1)
N/A
|
(7)
-509%
|
(4)
+36%
|
2
N/A
|
13
+571%
|
24
+90%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(88)
|
(94)
|
(94)
|
(97)
|
(72)
|
(75)
|
(78)
|
(81)
|
(84)
|
(80)
|
(74)
|
(70)
|
(61)
|
(103)
|
(108)
|
(109)
|
(64)
|
(50)
|
(37)
|
(24)
|
(51)
|
(49)
|
(46)
|
(44)
|
(45)
|
(43)
|
(40)
|
(35)
|
(27)
|
(26)
|
(23)
|
(24)
|
(27)
|
(32)
|
(19)
|
(28)
|
(32)
|
(3)
|
(17)
|
(10)
|
(1)
|
|
Selling, General & Administrative |
(77)
|
(82)
|
(82)
|
(84)
|
(61)
|
(63)
|
(65)
|
(68)
|
(70)
|
(66)
|
(61)
|
(57)
|
(44)
|
(83)
|
(86)
|
(86)
|
(42)
|
(27)
|
(16)
|
(3)
|
(32)
|
(30)
|
(28)
|
(26)
|
(28)
|
(25)
|
(25)
|
(22)
|
(16)
|
(18)
|
(15)
|
(17)
|
(20)
|
(22)
|
(27)
|
(32)
|
(27)
|
(29)
|
(30)
|
(27)
|
(28)
|
|
Research & Development |
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
(10)
|
(13)
|
(13)
|
(13)
|
(13)
|
(12)
|
(11)
|
(10)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(3)
|
(2)
|
|
Depreciation & Amortization |
(7)
|
(8)
|
(9)
|
(9)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(5)
|
(5)
|
(8)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(7)
|
(5)
|
(3)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
13
|
9
|
0
|
30
|
17
|
21
|
30
|
|
Operating Income |
59
N/A
|
65
+10%
|
69
+6%
|
75
+8%
|
59
-22%
|
39
-34%
|
23
-41%
|
5
-80%
|
12
+167%
|
14
+14%
|
12
-11%
|
7
-41%
|
(17)
N/A
|
(8)
+53%
|
(9)
-16%
|
(10)
-9%
|
(10)
+1%
|
(19)
-87%
|
(28)
-47%
|
(28)
-3%
|
(33)
-17%
|
(36)
-10%
|
(40)
-10%
|
(48)
-19%
|
(74)
-54%
|
(74)
0%
|
(71)
+5%
|
(80)
-14%
|
(62)
+23%
|
(58)
+7%
|
(55)
+5%
|
(33)
+40%
|
(24)
+29%
|
(26)
-11%
|
(13)
+52%
|
(29)
-135%
|
(39)
-32%
|
(7)
+81%
|
(15)
-104%
|
3
N/A
|
23
+731%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(4)
|
(3)
|
(2)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(5)
|
(7)
|
(8)
|
(7)
|
(5)
|
(3)
|
|
Non-Reccuring Items |
(1)
|
0
|
0
|
0
|
0
|
0
|
(20)
|
(20)
|
0
|
0
|
20
|
20
|
13
|
13
|
12
|
12
|
(0)
|
(0)
|
(40)
|
(40)
|
(40)
|
(41)
|
(1)
|
(1)
|
(2)
|
(58)
|
(57)
|
(81)
|
(81)
|
(24)
|
(23)
|
1
|
(7)
|
(7)
|
(6)
|
(6)
|
4
|
5
|
6
|
6
|
5
|
|
Total Other Income |
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
1
|
1
|
1
|
(2)
|
(2)
|
(5)
|
(5)
|
(2)
|
(1)
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
|
Pre-Tax Income |
57
N/A
|
63
+11%
|
67
+6%
|
73
+8%
|
57
-22%
|
37
-36%
|
1
-99%
|
(17)
N/A
|
11
N/A
|
13
+19%
|
31
+147%
|
26
-17%
|
(7)
N/A
|
2
N/A
|
1
-52%
|
0
-60%
|
(11)
N/A
|
(20)
-78%
|
(72)
-253%
|
(73)
-3%
|
(81)
-10%
|
(86)
-7%
|
(47)
+46%
|
(53)
-13%
|
(76)
-44%
|
(130)
-72%
|
(127)
+3%
|
(161)
-27%
|
(143)
+11%
|
(81)
+43%
|
(78)
+4%
|
(32)
+59%
|
(31)
+4%
|
(33)
-8%
|
(20)
+39%
|
(40)
-96%
|
(42)
-7%
|
(10)
+76%
|
(17)
-61%
|
4
N/A
|
25
+597%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(21)
|
(23)
|
(24)
|
(25)
|
(17)
|
(11)
|
2
|
8
|
(4)
|
(4)
|
(10)
|
(9)
|
2
|
(1)
|
(1)
|
(2)
|
1
|
1
|
(15)
|
(15)
|
7
|
7
|
24
|
23
|
(0)
|
6
|
5
|
5
|
6
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
|
Income from Continuing Operations |
36
|
40
|
43
|
48
|
40
|
26
|
3
|
(10)
|
7
|
9
|
21
|
17
|
(4)
|
1
|
0
|
(1)
|
(10)
|
(19)
|
(87)
|
(88)
|
(73)
|
(79)
|
(23)
|
(29)
|
(76)
|
(125)
|
(122)
|
(156)
|
(137)
|
(81)
|
(78)
|
(32)
|
(31)
|
(33)
|
(20)
|
(40)
|
(42)
|
(10)
|
(17)
|
4
|
25
|
|
Income to Minority Interest |
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
36
N/A
|
40
+12%
|
43
+6%
|
48
+12%
|
54
+11%
|
40
-25%
|
17
-59%
|
4
-74%
|
(14)
N/A
|
(42)
-212%
|
(32)
+24%
|
(37)
-15%
|
(49)
-34%
|
(31)
+37%
|
(32)
-5%
|
(33)
-1%
|
(27)
+16%
|
(15)
+44%
|
(87)
-465%
|
(87)
-1%
|
(70)
+19%
|
(39)
+44%
|
21
N/A
|
14
-33%
|
(34)
N/A
|
(129)
-280%
|
(124)
+4%
|
(158)
-28%
|
(137)
+14%
|
(81)
+41%
|
(78)
+4%
|
(32)
+59%
|
(31)
+5%
|
(33)
-8%
|
(20)
+39%
|
(40)
-96%
|
(42)
-7%
|
(10)
+76%
|
(17)
-60%
|
4
N/A
|
25
+589%
|
|
EPS (Diluted) |
3.93
N/A
|
4.41
+12%
|
4.62
+5%
|
5.19
+12%
|
5.76
+11%
|
4.4
-24%
|
1.84
-58%
|
0.46
-75%
|
-1.48
N/A
|
-4.62
-212%
|
-3.46
+25%
|
-3.85
-11%
|
-5.27
-37%
|
-3.21
+39%
|
-3.37
-5%
|
-3.41
-1%
|
-2.85
+16%
|
-1.61
+44%
|
-9.01
-460%
|
-9
+0%
|
-7.24
+20%
|
-4.06
+44%
|
2.16
N/A
|
1.43
-34%
|
-3.45
N/A
|
-12.87
-273%
|
-11.26
+13%
|
-13.86
-23%
|
-11.98
+14%
|
-7.08
+41%
|
-6.69
+6%
|
-2.73
+59%
|
-2.5
+8%
|
-2.67
-7%
|
-0.97
+64%
|
-3.13
-223%
|
-3.41
-9%
|
-0.39
+89%
|
-0.69
-77%
|
0.11
N/A
|
0.87
+691%
|