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Independence Contract Drilling Inc

Energy US ICD

0.354USD
-(-%)

Last update at 2024-09-10T13:30:00Z

Day Range

0.350.40
LowHigh

52 Week Range

2.215.25
LowHigh

Fundamentals

  • Previous Close -
  • Market Cap35.21M
  • Volume11519
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA63.27M
  • Revenue TTM224.54M
  • Revenue Per Share TTM16.16
  • Gross Profit TTM 63.31M
  • Diluted EPS TTM-0.49

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -71.51700M -48.18000M -96.78500M -60.91000M -19.90200M
Minority interest - - - - -
Net income -65.32100M -66.71200M -96.63800M -60.78800M -19.99300M
Selling general administrative 24.81M 15.70M 13.48M 16.05M 15.91M
Selling and marketing expenses - - - - -
Gross profit 22.87M -26.71100M -25.86800M 13.32M 16.50M
Reconciled depreciation 40.44M 38.91M 43.92M 45.37M 30.89M
Ebit -1.94100M -43.11500M -39.35200M -3.10600M 0.59M
Ebitda 38.50M -3.64500M 4.57M 42.26M 31.48M
Depreciation and amortization 40.44M 39.47M 43.92M 45.37M 30.89M
Non operating income net other -46.34700M - - - -
Operating income -1.94100M -43.11500M -39.35200M -3.10600M -12.34000M
Other operating expenses 188.65M 130.51M 122.77M 206.71M 142.02M
Interest expense 29.57M 15.19M 14.63M 14.41M 7.56M
Tax provision -6.19600M 18.53M -0.14700M -0.12200M 0.09M
Interest income 23.07M 15.19M 14.63M 14.41M 7.56M
Net interest income -29.57500M -15.19300M -14.62700M -14.41500M -7.56200M
Extraordinary items - - - - -
Non recurring 0.35M - 42.08M 38.45M 13.67M
Other items - - - - -
Income tax expense -6.19600M 18.53M -0.14700M -0.12200M 0.09M
Total revenue 186.71M 87.95M 83.42M 203.60M 142.61M
Total operating expenses 24.81M 15.85M 13.48M 16.43M 15.91M
Cost of revenue 163.84M 114.67M 109.29M 190.28M 126.11M
Total other income expense net -69.57600M -5.06500M -57.43300M -57.80400M -12.93100M
Discontinued operations - - - - -
Net income from continuing ops -65.32100M -66.71200M -96.63800M -60.78800M -19.99300M
Net income applicable to common shares -65.32100M -66.71200M -96.63800M -60.78800M -19.99300M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 429.71M 397.10M 413.21M 517.00M 584.86M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 4.74M 4.79M 4.10M 4.64M 8.93M
Total liab 215.00M 201.88M 166.18M 185.41M 193.33M
Total stockholder equity 214.71M 195.23M 247.03M 331.60M 391.53M
Deferred long term liab 12.27M - 0.51M 0.65M 0.77M
Other current liab 16.61M 17.94M 10.60M 21.50M 27.84M
Common stock 0.14M 0.10M 0.06M 0.76M 0.77M
Capital stock 0.14M 0.10M 0.06M 0.76M 0.77M
Retained earnings -399.09700M -333.77600M -267.06400M -170.42600M -109.63800M
Other liab 19.37M 19.04M 3.41M 0.65M 17.20M
Good will - - - 0.00000M 1.63M
Other assets 1.96M 2.45M 3.53M 1.69M 1.47M
Cash 5.33M 4.14M 12.28M 5.21M 12.25M
Cash and equivalents 5.33M 4.14M 12.28M 5.21M 12.25M
Total current liabilities 52.04M 38.29M 22.43M 48.56M 46.12M
Current deferred revenue 1.00M 0.54M 0.12M 0.70M 1.37M
Net debt 140.38M 142.10M 132.99M 133.42M 118.35M
Short term debt 2.48M 4.50M 7.64M 3.69M 0.59M
Short long term debt - -0.03600M 7.64M 3.69M 0.59M
Short long term debt total 145.71M 146.24M 145.27M 138.63M 130.60M
Other stockholder equity 613.67M 528.90M 514.03M 501.26M 500.40M
Property plant equipment 376.08M 362.35M 382.24M 457.53M 496.20M
Total current assets 51.67M 32.31M 27.44M 56.74M 85.57M
Long term investments - - - - -
Net tangible assets 214.71M 195.23M 247.03M 331.60M 389.91M
Short term investments - - - - -
Net receivables 39.77M 22.21M 10.02M 35.83M 41.99M
Long term debt 141.62M 140.44M 137.63M 134.94M 130.01M
Inventory 1.51M 1.17M 1.04M 2.33M 2.69M
Accounts payable 31.95M 15.30M 4.07M 22.67M 16.31M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - -153.42600M -113.46700M
Additional paid in capital - - - - -
Common stock total equity 0.14M - 0.06M 0.76M 0.77M
Preferred stock total equity - - - - -
Retained earnings total equity -399.09700M - -267.06400M -170.42600M -109.63800M
Treasury stock - -3.92300M -3.91300M -3.84700M -3.04600M
Accumulated amortization - - - - -
Non currrent assets other -10.30600M -16.58800M 3.02M 2.07M 1.47M
Deferred long term asset charges - - - - -
Non current assets total 378.04M 364.80M 385.77M 460.26M 499.29M
Capital lease obligations 4.08M 5.80M 8.88M 0.47M -
Long term debt total 143.22M 141.74M 137.63M 134.94M 130.01M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -38.30400M -14.37800M 0.14M -28.36900M -25.24700M
Change to liabilities 10.32M 12.23M -16.68000M -7.19000M 5.01M
Total cashflows from investing activities -38.30400M -14.37800M -8.97700M -28.36900M -25.24700M
Net borrowings 16.61M 2.70M 10.01M -5.57300M 79.23M
Total cash from financing activities 10.91M 15.82M 15.76M -6.59300M 18.83M
Change to operating activities 0.27M 0.06M -1.02300M 1.47M -4.68100M
Net income -65.32100M -66.71200M -96.63800M -60.78800M -19.99300M
Change in cash 1.19M -8.13900M 7.07M -7.04100M 9.71M
Begin period cash flow 4.14M 12.28M 5.21M 12.25M 2.53M
End period cash flow 5.33M 4.14M 12.28M 5.21M 12.25M
Total cash from operating activities 28.58M -9.57900M 0.29M 27.92M 16.14M
Issuance of capital stock 3.04M 13.21M 10.98M - 0.00000M
Depreciation 40.44M 38.91M 43.92M 45.37M 30.89M
Other cashflows from investing activities 4.74M 2.04M 5.11M 9.95M 12.30M
Dividends paid - -6.30900M -21.04500M -0.17700M -
Change to inventory -0.36500M -0.13300M 0.12M -0.34900M 0.25M
Change to account receivables -17.82000M -12.13600M 26.03M 5.70M -1.02200M
Sale purchase of stock -0.01000M -0.01000M -0.06600M -0.80900M -1.18000M
Other cashflows from financing activities 152.85M 12.54M 41.27M 4.63M 180.86M
Change to netincome 60.49M 17.09M 43.58M 42.90M 5.08M
Capital expenditures 43.05M 16.41M 14.23M 38.32M 37.55M
Change receivables -17.82000M - 26.03M 5.70M -1.02200M
Cash flows other operating 0.48M - -1.02300M 1.47M -4.68100M
Exchange rate changes - - - - -
Cash and cash equivalents changes 1.19M - 7.07M -7.04100M 9.71M
Change in working capital -7.59400M 0.02M 8.44M -0.37100M -0.44300M
Stock based compensation 4.64M 2.29M 1.98M 1.87M 4.83M
Other non cash items 63.18M -2.62700M 42.73M 41.96M 0.76M
Free cash flow -14.47000M -25.99400M -13.94200M -10.39900M -21.41500M

Peer Comparison

Sector: Energy Industry: Oil & Gas Drilling

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
ICD
Independence Contract Drilling Inc
- -% 0.35 - 3.45 0.15 0.16 0.83 3.02
NE
Noble Corporation plc
0.62 1.99% 31.84 13.16 15.31 2.65 1.72 2.65 9.34
RIG
Transocean Ltd
0.07 1.79% 3.99 - - 1.85 0.48 4.37 21.46
PTEN
Patterson-UTI Energy Inc
0.10 1.22% 7.88 20.37 17.36 0.91 0.90 1.12 4.55
YZCFF
Sinopec Oilfield Service Corporation
- -% 0.07 - 25.06 0.05 1.07 0.09 3.85

Reports Covered

Stock Research & News

Profile

Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. The company constructs, owns, and operates a fleet of pad-optimal, superspec AC powered rigs, and additional idle AC rigs in the Permian Basin and the Haynesville Shale. Its fleet consists of 26 rigs. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas.

Independence Contract Drilling Inc

20475 State Highway 249, Houston, TX, United States, 77070

Key Executives

Name Title Year Born
Mr. John Anthony Gallegos Jr. Pres, CEO & Director 1970
Mr. Philip A. Choyce Exec. VP, CFO, Treasurer & Sec. 1967
Mr. Scott A. Keller Sr. VP of Bus. Devel. 1981
Mr. Philip A. Dalrymple Sr. VP of Operations 1979
Ms. Katherine Kokenes VP & Chief Accounting Officer 1973
Mr. Marc S. Noel VP of Sales & Marketing NA

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