Independence Contract Drilling Inc
NYSE:ICD
Income Statement
Earnings Waterfall
Independence Contract Drilling Inc
Income Statement
Independence Contract Drilling Inc
| 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 | Mar-2024 | Jun-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||
| Revenue |
53
N/A
|
60
+14%
|
70
+16%
|
79
+13%
|
86
+8%
|
88
+3%
|
88
+1%
|
89
+0%
|
83
-7%
|
76
-8%
|
70
-7%
|
68
-3%
|
74
+9%
|
83
+12%
|
90
+8%
|
95
+6%
|
100
+5%
|
105
+5%
|
143
+36%
|
177
+24%
|
204
+15%
|
221
+8%
|
204
-8%
|
182
-11%
|
150
-17%
|
115
-23%
|
83
-28%
|
60
-28%
|
59
-3%
|
73
+23%
|
88
+21%
|
107
+22%
|
130
+21%
|
155
+19%
|
187
+20%
|
215
+15%
|
230
+7%
|
225
-2%
|
210
-6%
|
193
-8%
|
180
-7%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(34)
|
(38)
|
(43)
|
(47)
|
(50)
|
(50)
|
(52)
|
(52)
|
(47)
|
(46)
|
(43)
|
(46)
|
(54)
|
(61)
|
(68)
|
(72)
|
(74)
|
(74)
|
(95)
|
(116)
|
(135)
|
(151)
|
(145)
|
(136)
|
(112)
|
(87)
|
(65)
|
(50)
|
(53)
|
(64)
|
(76)
|
(88)
|
(100)
|
(112)
|
(123)
|
(134)
|
(139)
|
(135)
|
(130)
|
(124)
|
(121)
|
|
| Gross Profit |
19
N/A
|
22
+15%
|
28
+26%
|
32
+16%
|
36
+11%
|
37
+5%
|
36
-3%
|
37
+2%
|
36
-3%
|
30
-16%
|
27
-11%
|
22
-17%
|
20
-10%
|
22
+10%
|
22
+2%
|
24
+6%
|
26
+10%
|
31
+19%
|
47
+54%
|
62
+30%
|
69
+12%
|
70
+1%
|
59
-16%
|
46
-22%
|
38
-18%
|
29
-25%
|
18
-37%
|
11
-40%
|
6
-42%
|
9
+37%
|
12
+41%
|
19
+56%
|
30
+56%
|
44
+47%
|
63
+45%
|
82
+29%
|
91
+11%
|
90
-1%
|
80
-11%
|
69
-13%
|
59
-15%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(22)
|
(25)
|
(28)
|
(31)
|
(34)
|
(36)
|
(36)
|
(37)
|
(39)
|
(39)
|
(40)
|
(40)
|
(39)
|
(40)
|
(39)
|
(39)
|
(40)
|
(41)
|
(47)
|
(53)
|
(57)
|
(61)
|
(62)
|
(61)
|
(61)
|
(60)
|
(57)
|
(56)
|
(55)
|
(55)
|
(55)
|
(56)
|
(57)
|
(61)
|
(65)
|
(68)
|
(70)
|
(70)
|
(69)
|
(67)
|
(67)
|
|
| Selling, General & Administrative |
(9)
|
(11)
|
(12)
|
(14)
|
(16)
|
(16)
|
(15)
|
(14)
|
(16)
|
(15)
|
(16)
|
(16)
|
(15)
|
(14)
|
(13)
|
(13)
|
(13)
|
(14)
|
(16)
|
(17)
|
(16)
|
(16)
|
(16)
|
(15)
|
(16)
|
(15)
|
(14)
|
(13)
|
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(21)
|
(25)
|
(26)
|
(27)
|
(27)
|
(24)
|
(22)
|
(21)
|
|
| Depreciation & Amortization |
(13)
|
(15)
|
(16)
|
(17)
|
(18)
|
(20)
|
(21)
|
(23)
|
(23)
|
(24)
|
(24)
|
(24)
|
(25)
|
(25)
|
(26)
|
(26)
|
(26)
|
(27)
|
(31)
|
(36)
|
(40)
|
(45)
|
(45)
|
(46)
|
(45)
|
(45)
|
(44)
|
(42)
|
(41)
|
(40)
|
(39)
|
(39)
|
(39)
|
(39)
|
(40)
|
(42)
|
(43)
|
(43)
|
(44)
|
(45)
|
(46)
|
|
| 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
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
|
| Operating Income |
(3)
N/A
|
(3)
-14%
|
(1)
+78%
|
1
N/A
|
2
+64%
|
2
+3%
|
1
-68%
|
0
-90%
|
(3)
N/A
|
(9)
-176%
|
(13)
-53%
|
(18)
-39%
|
(19)
-7%
|
(18)
+9%
|
(17)
+5%
|
(15)
+8%
|
(14)
+10%
|
(10)
+26%
|
1
N/A
|
9
+1 410%
|
13
+42%
|
9
-26%
|
(3)
N/A
|
(15)
-393%
|
(24)
-55%
|
(32)
-34%
|
(39)
-25%
|
(45)
-14%
|
(49)
-8%
|
(46)
+4%
|
(43)
+8%
|
(37)
+13%
|
(28)
+26%
|
(17)
+38%
|
(2)
+89%
|
14
N/A
|
21
+52%
|
20
-5%
|
11
-44%
|
2
-81%
|
(8)
N/A
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
1
|
(0)
|
2
|
2
|
0
|
0
|
(3)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(8)
|
(10)
|
(13)
|
(15)
|
(14)
|
(14)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(18)
|
(14)
|
(18)
|
(23)
|
(25)
|
(34)
|
(35)
|
(36)
|
(37)
|
(39)
|
|
| Non-Reccuring Items |
(2)
|
(2)
|
(32)
|
(27)
|
(29)
|
(32)
|
(6)
|
(6)
|
(6)
|
(4)
|
(6)
|
(7)
|
(8)
|
(8)
|
(4)
|
(3)
|
(2)
|
(3)
|
(13)
|
(19)
|
(27)
|
(27)
|
(43)
|
(55)
|
(47)
|
(44)
|
(43)
|
(25)
|
(26)
|
(17)
|
10
|
(37)
|
(36)
|
(46)
|
(47)
|
(1)
|
(3)
|
(2)
|
(15)
|
(14)
|
(15)
|
|
| Total Other Income |
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
|
|
| Pre-Tax Income |
(4)
N/A
|
(6)
-48%
|
(32)
-452%
|
(25)
+22%
|
(28)
-11%
|
(29)
-7%
|
(8)
+72%
|
(10)
-20%
|
(13)
-37%
|
(17)
-26%
|
(22)
-30%
|
(28)
-26%
|
(30)
-8%
|
(29)
+4%
|
(24)
+16%
|
(22)
+8%
|
(19)
+13%
|
(17)
+10%
|
(20)
-16%
|
(21)
-4%
|
(27)
-32%
|
(34)
-23%
|
(61)
-81%
|
(84)
-38%
|
(84)
0%
|
(89)
-6%
|
(97)
-8%
|
(85)
+13%
|
(89)
-6%
|
(78)
+12%
|
(48)
+38%
|
(92)
-90%
|
(77)
+16%
|
(81)
-5%
|
(72)
+12%
|
(12)
+83%
|
(16)
-31%
|
(16)
-3%
|
(40)
-143%
|
(49)
-23%
|
(62)
-28%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
2
|
2
|
3
|
2
|
2
|
2
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
2
|
(1)
|
(1)
|
0
|
(2)
|
1
|
1
|
0
|
0
|
0
|
(0)
|
(19)
|
(18)
|
(20)
|
(19)
|
6
|
5
|
8
|
8
|
2
|
2
|
3
|
|
| Income from Continuing Operations |
(2)
|
(4)
|
(28)
|
(23)
|
(25)
|
(27)
|
(8)
|
(10)
|
(13)
|
(17)
|
(22)
|
(28)
|
(30)
|
(29)
|
(24)
|
(22)
|
(19)
|
(17)
|
(20)
|
(18)
|
(28)
|
(34)
|
(61)
|
(87)
|
(84)
|
(89)
|
(97)
|
(84)
|
(89)
|
(78)
|
(67)
|
(109)
|
(97)
|
(100)
|
(65)
|
(7)
|
(8)
|
(8)
|
(38)
|
(47)
|
(59)
|
|
| Net Income (Common) |
(2)
N/A
|
(4)
-112%
|
(28)
-648%
|
(23)
+18%
|
(25)
-10%
|
(27)
-8%
|
(8)
+71%
|
(10)
-22%
|
(13)
-37%
|
(17)
-29%
|
(22)
-30%
|
(28)
-26%
|
(30)
-8%
|
(29)
+4%
|
(24)
+16%
|
(22)
+9%
|
(19)
+13%
|
(17)
+11%
|
(20)
-17%
|
(18)
+9%
|
(28)
-52%
|
(34)
-24%
|
(61)
-77%
|
(87)
-43%
|
(84)
+3%
|
(89)
-6%
|
(97)
-9%
|
(84)
+13%
|
(89)
-6%
|
(78)
+12%
|
(67)
+15%
|
(109)
-64%
|
(97)
+11%
|
(100)
-3%
|
(65)
+35%
|
(7)
+90%
|
(8)
-21%
|
(8)
-5%
|
(38)
-355%
|
(47)
-24%
|
(59)
-27%
|
|
| EPS (Diluted) |
-1.56
N/A
|
-3.92
-151%
|
-31.33
-699%
|
-18.76
+40%
|
-21.25
-13%
|
-22.71
-7%
|
-6.59
+71%
|
-8.07
-22%
|
-7.86
+3%
|
-9.1
-16%
|
-13.05
-43%
|
-14.91
-14%
|
-16.03
-8%
|
-15.3
+5%
|
-12.78
+16%
|
-11.61
+9%
|
-10.04
+14%
|
-8.99
+10%
|
-8.33
+7%
|
-4.82
+42%
|
-7.34
-52%
|
-9.1
-24%
|
-16
-76%
|
-23.1
-44%
|
-20.87
+10%
|
-15.53
+26%
|
-19.71
-27%
|
-13.57
+31%
|
-13.29
+2%
|
-10.7
+19%
|
-8.89
+17%
|
-9.68
-9%
|
-7.16
+26%
|
-7.37
-3%
|
-5.01
+32%
|
-0.46
+91%
|
-0.58
-26%
|
-0.59
-2%
|
-2.69
-356%
|
-3.21
-19%
|
-4.08
-27%
|
|