Calfrac Well Services Ltd
TSX:CFW
Income Statement
Earnings Waterfall
Calfrac Well Services Ltd
Revenue
|
1.9B
CAD
|
Cost of Revenue
|
-1.6B
CAD
|
Gross Profit
|
268.1m
CAD
|
Operating Expenses
|
-60.6m
CAD
|
Operating Income
|
207.5m
CAD
|
Other Expenses
|
-16.8m
CAD
|
Net Income
|
190.7m
CAD
|
Income Statement
Calfrac Well Services Ltd
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 |
1 564
N/A
|
1 688
+8%
|
1 902
+13%
|
2 211
+16%
|
2 497
+13%
|
2 550
+2%
|
2 366
-7%
|
1 958
-17%
|
1 495
-24%
|
1 111
-26%
|
942
-15%
|
828
-12%
|
735
-11%
|
787
+7%
|
962
+22%
|
1 235
+28%
|
1 528
+24%
|
1 842
+21%
|
2 061
+12%
|
2 243
+9%
|
2 256
+1%
|
2 149
-5%
|
2 034
-5%
|
1 803
-11%
|
1 621
-10%
|
1 451
-10%
|
1 113
-23%
|
842
-24%
|
705
-16%
|
614
-13%
|
730
+19%
|
898
+23%
|
1 002
+12%
|
1 055
+5%
|
1 167
+11%
|
1 309
+12%
|
1 499
+15%
|
1 698
+13%
|
1 846
+9%
|
1 891
+2%
|
1 864
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 388)
|
(1 514)
|
(1 700)
|
(1 930)
|
(2 138)
|
(2 238)
|
(2 124)
|
(1 861)
|
(1 530)
|
(1 186)
|
(1 014)
|
(912)
|
(868)
|
(894)
|
(1 026)
|
(1 204)
|
(1 406)
|
(1 665)
|
(1 850)
|
(2 007)
|
(2 013)
|
(1 975)
|
(1 915)
|
(1 767)
|
(1 660)
|
(1 521)
|
(1 222)
|
(971)
|
(807)
|
(684)
|
(773)
|
(914)
|
(1 021)
|
(1 063)
|
(1 140)
|
(1 223)
|
(1 345)
|
(1 479)
|
(1 572)
|
(1 610)
|
(1 596)
|
|
Gross Profit |
176
N/A
|
174
-1%
|
203
+16%
|
281
+39%
|
359
+28%
|
311
-13%
|
242
-22%
|
97
-60%
|
(35)
N/A
|
(75)
-116%
|
(72)
+4%
|
(84)
-17%
|
(133)
-59%
|
(107)
+20%
|
(64)
+40%
|
31
N/A
|
122
+297%
|
177
+45%
|
211
+19%
|
237
+12%
|
244
+3%
|
174
-29%
|
119
-32%
|
36
-70%
|
(39)
N/A
|
(70)
-81%
|
(109)
-56%
|
(130)
-19%
|
(101)
+22%
|
(70)
+30%
|
(43)
+38%
|
(16)
+62%
|
(19)
-14%
|
(7)
+60%
|
26
N/A
|
86
+227%
|
155
+80%
|
219
+41%
|
274
+25%
|
280
+2%
|
268
-4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(96)
|
(101)
|
(109)
|
(121)
|
(131)
|
(125)
|
(113)
|
(93)
|
(79)
|
(72)
|
(76)
|
(73)
|
(70)
|
(64)
|
(55)
|
(57)
|
(71)
|
(85)
|
(97)
|
(104)
|
(92)
|
(87)
|
(79)
|
(75)
|
(70)
|
(68)
|
(62)
|
(53)
|
(49)
|
(43)
|
(41)
|
(42)
|
(46)
|
(47)
|
(49)
|
(55)
|
(62)
|
(59)
|
(62)
|
(63)
|
(61)
|
|
Selling, General & Administrative |
(96)
|
(101)
|
(110)
|
(121)
|
(131)
|
(125)
|
(113)
|
(93)
|
(79)
|
(73)
|
(76)
|
(73)
|
(70)
|
(64)
|
(55)
|
(57)
|
(71)
|
(85)
|
(97)
|
(104)
|
(92)
|
(86)
|
(79)
|
(75)
|
(70)
|
(68)
|
(62)
|
(53)
|
(49)
|
(42)
|
(41)
|
(42)
|
(46)
|
(47)
|
(49)
|
(55)
|
(62)
|
(59)
|
(62)
|
(63)
|
(61)
|
|
Operating Income |
80
N/A
|
73
-9%
|
93
+27%
|
159
+71%
|
227
+43%
|
186
-18%
|
129
-31%
|
3
-98%
|
(113)
N/A
|
(147)
-30%
|
(147)
0%
|
(157)
-6%
|
(203)
-30%
|
(171)
+16%
|
(119)
+30%
|
(26)
+78%
|
51
N/A
|
92
+81%
|
114
+24%
|
133
+16%
|
152
+14%
|
87
-43%
|
39
-55%
|
(39)
N/A
|
(108)
-178%
|
(138)
-27%
|
(171)
-24%
|
(183)
-7%
|
(150)
+18%
|
(113)
+25%
|
(85)
+25%
|
(59)
+31%
|
(64)
-10%
|
(55)
+15%
|
(23)
+58%
|
30
N/A
|
92
+204%
|
160
+73%
|
212
+32%
|
217
+3%
|
208
-5%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(43)
|
(54)
|
(64)
|
(70)
|
(90)
|
(89)
|
(87)
|
(86)
|
(106)
|
(126)
|
(128)
|
(129)
|
(99)
|
(80)
|
(99)
|
(113)
|
(120)
|
(124)
|
(161)
|
(156)
|
(145)
|
(145)
|
(92)
|
(88)
|
(92)
|
(96)
|
(97)
|
(98)
|
(107)
|
(92)
|
(81)
|
(61)
|
(43)
|
(44)
|
(40)
|
(36)
|
(44)
|
(40)
|
(45)
|
(50)
|
(52)
|
|
Non-Reccuring Items |
(3)
|
(4)
|
(4)
|
(5)
|
(21)
|
(19)
|
(18)
|
3
|
(122)
|
(127)
|
(127)
|
(149)
|
(11)
|
(9)
|
(10)
|
(14)
|
62
|
56
|
47
|
51
|
(38)
|
(23)
|
(16)
|
(16)
|
(8)
|
67
|
(132)
|
(129)
|
101
|
27
|
228
|
226
|
(1)
|
(3)
|
(6)
|
(5)
|
(25)
|
(23)
|
(15)
|
27
|
46
|
|
Pre-Tax Income |
34
N/A
|
15
-56%
|
25
+68%
|
85
+242%
|
116
+36%
|
78
-33%
|
24
-70%
|
(80)
N/A
|
(342)
-326%
|
(400)
-17%
|
(403)
-1%
|
(435)
-8%
|
(313)
+28%
|
(259)
+17%
|
(227)
+12%
|
(153)
+33%
|
(7)
+95%
|
24
N/A
|
1
-98%
|
28
+5 460%
|
(31)
N/A
|
(81)
-163%
|
(69)
+15%
|
(144)
-109%
|
(208)
-45%
|
(168)
+20%
|
(400)
-139%
|
(409)
-2%
|
(156)
+62%
|
(178)
-15%
|
62
N/A
|
106
+72%
|
(108)
N/A
|
(101)
+7%
|
(69)
+32%
|
(11)
+84%
|
24
N/A
|
97
+300%
|
152
+56%
|
195
+28%
|
202
+4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(7)
|
(3)
|
(11)
|
(32)
|
(49)
|
(33)
|
(10)
|
25
|
114
|
130
|
134
|
149
|
110
|
92
|
80
|
55
|
(1)
|
(11)
|
(4)
|
(23)
|
5
|
17
|
3
|
33
|
52
|
(75)
|
(80)
|
(91)
|
(169)
|
(46)
|
(39)
|
(36)
|
26
|
23
|
14
|
3
|
11
|
(8)
|
(5)
|
5
|
(4)
|
|
Income from Continuing Operations |
27
|
12
|
14
|
53
|
68
|
45
|
14
|
(55)
|
(227)
|
(270)
|
(269)
|
(286)
|
(204)
|
(168)
|
(148)
|
(99)
|
(8)
|
13
|
(4)
|
4
|
(26)
|
(64)
|
(66)
|
(110)
|
(156)
|
(243)
|
(479)
|
(500)
|
(324)
|
(224)
|
22
|
71
|
(83)
|
(78)
|
(55)
|
(8)
|
35
|
90
|
147
|
199
|
198
|
|
Income to Minority Interest |
1
|
0
|
(0)
|
(1)
|
(1)
|
0
|
1
|
2
|
6
|
7
|
7
|
8
|
6
|
4
|
5
|
5
|
5
|
7
|
11
|
10
|
8
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
28
N/A
|
12
-56%
|
14
+14%
|
52
+276%
|
67
+28%
|
46
-32%
|
15
-67%
|
(54)
N/A
|
(222)
-313%
|
(263)
-19%
|
(262)
+1%
|
(278)
-6%
|
(198)
+29%
|
(164)
+17%
|
(142)
+13%
|
(94)
+34%
|
6
N/A
|
29
+386%
|
16
-44%
|
23
+44%
|
(18)
N/A
|
(58)
-217%
|
(66)
-14%
|
(110)
-67%
|
(156)
-42%
|
(243)
-55%
|
(479)
-97%
|
(500)
-4%
|
(324)
+35%
|
(224)
+31%
|
23
N/A
|
72
+211%
|
(83)
N/A
|
(82)
+1%
|
(88)
-7%
|
(36)
+59%
|
12
N/A
|
72
+511%
|
161
+125%
|
198
+23%
|
191
-3%
|
|
EPS (Diluted) |
14.68
N/A
|
6.42
-56%
|
7.31
+14%
|
27.52
+276%
|
35.26
+28%
|
23.94
-32%
|
7.94
-67%
|
-28.21
N/A
|
-116.63
-313%
|
-114.39
+2%
|
-113.69
+1%
|
-120.95
-6%
|
-86.13
+29%
|
-60.59
+30%
|
-52.66
+13%
|
-33.39
+37%
|
2.1
N/A
|
9.89
+371%
|
5.58
-44%
|
8.03
+44%
|
-6.27
N/A
|
-19.89
-217%
|
-22.72
-14%
|
-38
-67%
|
-53.86
-42%
|
-83.68
-55%
|
-165.17
-97%
|
-172.26
-4%
|
-77.19
+55%
|
-5.98
+92%
|
0.61
N/A
|
1.9
+211%
|
-2.21
N/A
|
-2.14
+3%
|
-2.26
-6%
|
-0.91
+60%
|
0.13
N/A
|
0.79
+508%
|
1.84
+133%
|
2.2
+20%
|
2.15
-2%
|