Patterson-UTI Energy (PTEN) Financials

$5.83 +0.04 (+0.69%)

As of 04:00 PM Eastern

Annual Income Statements for Patterson-UTI Energy

This table shows Patterson-UTI Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-294	350	5.91	-426	-804	-655	155	246	-968
Consolidated Net Income / (Loss)	-294	-319	5.91	-426	-804	-655	155	246	-966
Net Income / (Loss) Continuing Operations	-294	350	5.91	-426	-804	-657	155	246	-966
Total Pre-Tax Income	-442	-496	-328	-530	-931	-720	168	307	-957
Total Operating Income	-407	212	-293	-462	-892	-678	211	352	-890
Total Gross Profit	670	267	639	691	317	277	801	1,335	1,458
Total Revenue	1,891	916	2,357	2,471	1,124	1,357	2,648	4,146	5,378
Operating Revenue	1,866	916	2,357	2,471	1,124	1,357	2,648	4,146	5,378
Total Cost of Revenue	1,221	649	1,718	1,779	808	1,080	1,847	2,811	3,920
Operating Cost of Revenue	1,221	649	1,718	1,774	802	1,082	1,847	2,811	3,920
Total Operating Expenses	1,077	55	932	1,153	1,209	954	590	983	2,348
Selling, General & Admin Expense	86	69	106	134	98	92	117	170	268
Depreciation Expense	865	-	783	1,004	671	849	484	731	1,172
Other Operating Expenses / (Income)	1.65	-14	-32	-2.31	7.06	0.76	-13	-16	-11
Impairment Charge	125	-	-	18	395	-	0.00	0.00	885
Restructuring Charge	-	-	74	0.00	38	12	2.07	98	33
Total Other Income / (Expense), net	-35	-40	-35	-69	-39	-42	-43	-45	-67
Interest Expense	36	-40	37	75	41	42	40	53	72
Interest & Investment Income	0.96	0.33	1.87	6.01	1.25	0.22	0.36	6.12	5.73
Other Income / (Expense), net	0.03	0.07	0.34	0.39	0.76	-0.28	-3.27	1.90	-0.98
Income Tax Expense	-148	-178	-334	-105	-127	-63	13	61	9.45
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	0.00	0.00	-0.34	1.63
Basic Earnings per Share	($2.00)	($2.18)	$0.03	($2.10)	($4.27)	($3.36)	$0.72	$0.88	($2.44)
Weighted Average Basic Shares Outstanding	145.42M	146.18M	198.45M	203.04M	188.01M	195.02M	215.94M	279.50M	397.20M
Diluted Earnings per Share	($2.00)	($2.18)	$0.03	($2.10)	($4.27)	($3.36)	$0.70	$0.88	($2.44)
Weighted Average Diluted Shares Outstanding	145.42M	146.18M	199.88M	203.04M	188.01M	195.02M	219.50M	280.06M	397.20M
Weighted Average Basic & Diluted Shares Outstanding	147.20M	146.20M	197M	192.15M	187.74M	215.27M	213.66M	408.19M	386.39M
Cash Dividends to Common per Share	$0.40	$0.16	$0.08	$0.16	$0.10	$0.08	$0.20	$0.32	$0.32

This table shows Patterson-UTI Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	61	100	100	85	0.05	62	51	11	-979	-52
Consolidated Net Income / (Loss)	61	100	100	85	-0.28	62	52	12	-978	-51
Net Income / (Loss) Continuing Operations	61	100	100	85	-0.28	62	52	12	-978	-51
Total Pre-Tax Income	64	108	120	98	-4.41	93	72	29	-1,009	-49
Total Operating Income	76	117	126	105	9.70	112	87	45	-991	-31
Total Gross Profit	227	273	279	271	320	465	428	377	345	308
Total Revenue	728	788	792	759	1,011	1,584	1,510	1,348	1,357	1,162
Operating Revenue	728	788	792	759	1,011	1,584	1,510	1,348	1,357	1,162
Total Cost of Revenue	501	516	513	488	691	1,119	1,082	971	1,013	854
Operating Cost of Revenue	501	516	513	488	691	1,119	1,077	971	1,012	860
Total Operating Expenses	151	156	153	166	310	353	341	332	1,335	339
Selling, General & Admin Expense	28	35	31	33	45	61	65	65	66	73
Depreciation Expense	122	123	128	127	198	279	275	268	375	255
Other Operating Expenses / (Income)	-0.11	-2.03	-5.57	-1.79	-2.64	-6.28	-11	-11	2.91	8.35
Restructuring Charge	0.02	-	0.00	7.94	70	20	12	11	6.70	3.46
Total Other Income / (Expense), net	-13	-8.41	-6.10	-6.20	-14	-18	-15	-16	-18	-18
Interest Expense	11	8.06	8.83	9.74	16	19	18	18	18	18
Interest & Investment Income	0.06	0.27	1.24	1.21	2.13	1.54	2.19	1.87	0.75	0.93
Other Income / (Expense), net	-1.77	-0.63	1.49	2.32	-0.62	-1.29	0.85	0.22	-0.72	-1.33
Income Tax Expense	2.20	8.29	20	14	-4.13	31	20	18	-30	1.93
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-	0.00	0.00	-0.33	-0.01	0.47	0.54	0.43	0.19
Basic Earnings per Share	$0.28	$0.47	$0.47	$0.41	$0.00	-	$0.13	$0.03	($2.50)	($0.10)
Weighted Average Basic Shares Outstanding	216.82M	215.94M	212.09M	207.84M	280.22M	279.50M	408.18M	399.56M	391.73M	397.20M
Diluted Earnings per Share	$0.28	$0.45	$0.46	$0.40	$0.00	$0.02	$0.13	$0.03	($2.50)	($0.10)
Weighted Average Diluted Shares Outstanding	220.45M	219.50M	215.87M	208.98M	281.98M	280.06M	409.82M	399.56M	391.73M	397.20M
Weighted Average Basic & Diluted Shares Outstanding	216.82M	213.66M	208.25M	207.99M	417.28M	408.19M	401.70M	393.05M	389.96M	386.39M

This table details how cash moves in and out of Patterson-UTI Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	70	-78	7.68	202	-71	51	-107	20	55	49
Net Cash From Operating Activities	999	305	301	731	696	279	95	566	1,006	1,176
Net Cash From Continuing Operating Activities	999	305	301	731	696	279	96	566	1,006	1,176
Net Income / (Loss) Continuing Operations	-294	-319	5.91	-321	-426	-804	-655	155	246	-966
Consolidated Net Income / (Loss)	-294	-319	5.91	-321	-426	-804	-655	155	246	-966
Depreciation Expense	865	668	783	916	1,004	671	849	484	731	1,172
Non-Cash Adjustments To Reconcile Net Income	142	8.74	13	221	86	452	20	7.52	44	936
Changes in Operating Assets and Liabilities, net	286	-56	-502	-86	31	-41	-118	-80	-15	34
Net Cash From Investing Activities	-723	-98	-1,011	-585	-302	-125	-132	-413	-1,018	-655
Net Cash From Continuing Investing Activities	-723	-98	-1,011	-585	-302	-125	-173	-413	-1,018	-655
Purchase of Property, Plant & Equipment	-744	-120	-567	-641	-348	-145	-166	-437	-616	-678
Acquisitions	-	-	-502	-14	-0.01	0.00	-29	0.00	-422	2.98
Purchase of Investments	-	-	-2.52	0.00	0.00	-0.42	-0.52	-2.50	-5.87	-5.17
Sale of Property, Plant & Equipment	21	22	-	-	-	-	-	26	26	26
Net Cash From Financing Activities	-199	-285	717	57	-465	-103	-72	-133	66	-475
Net Cash From Continuing Financing Activities	-199	-285	717	57	-465	-103	-72	-133	66	-475
Repayment of Debt	-386	-459	-331	-351	-674	-63	-50	-170	-434	-62
Repurchase of Common Equity	-8.01	-3.61	-6.81	-162	-255	-21	-6.33	-70	-201	-290
Payment of Dividends	-59	-24	-16	-31	-32	-19	-16	-43	-100	-127
Issuance of Debt	254	201	599	600	497	0.00	0.00	150	816	50
Other Financing Activities, net	-	0.27	0.12	0.49	0.00	-	0.00	0.00	-16	-45
Effect of Exchange Rate Changes	-6.88	-0.20	1.01	-0.78	-0.06	-0.00	0.64	0.45	1.24	2.81
Cash Interest Paid	33	37	35	41	77	43	40	40	40	69
Cash Income Taxes Paid	97	53	3.95	3.17	-1.45	3.71	4.20	-1.53	-27	-15

This table details how cash moves in and out of Patterson-UTI Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	23	95	20	-6.93	-83	126	-22	-95	40	126
Net Cash From Operating Activities	178	303	234	163	156	453	366	198	296	316
Net Cash From Continuing Operating Activities	178	303	234	163	156	453	366	198	296	316
Net Income / (Loss) Continuing Operations	61	100	100	85	-0.28	62	52	12	-978	-51
Consolidated Net Income / (Loss)	61	100	100	85	-0.28	62	52	12	-978	-51
Depreciation Expense	122	123	128	127	198	279	275	268	375	255
Non-Cash Adjustments To Reconcile Net Income	5.72	1.87	-0.87	5.26	28	11	15	7.04	900	13
Changes in Operating Assets and Liabilities, net	-11	78	7.36	-54	-69	101	24	-89	-0.22	99
Net Cash From Investing Activities	-121	-114	-116	-126	-571	-204	-227	-122	-175	-130
Net Cash From Continuing Investing Activities	-121	-114	-116	-126	-571	-204	-227	-122	-175	-130
Purchase of Property, Plant & Equipment	-126	-119	-118	-132	-160	-205	-227	-131	-181	-140
Purchase of Investments	-0.06	-0.10	-0.01	-0.00	-0.28	-5.59	-2.93	1.56	-3.07	-0.73
Sale of Property, Plant & Equipment	4.96	5.77	1.26	6.53	12	6.91	2.39	6.93	5.36	11
Net Cash From Financing Activities	-34	-95	-98	-44	331	-123	-162	-171	-79	-64
Net Cash From Continuing Financing Activities	-34	-95	-98	-44	331	-123	-162	-171	-79	-64
Repayment of Debt	-70	-80	-7.84	-	-423	-3.42	-4.03	-2.04	-53	-3.13
Repurchase of Common Equity	-	-57	-74	-27	-23	-76	-98	-132	-40	-20
Payment of Dividends	-8.67	-17	-17	-17	-33	-33	-33	-32	-31	-31
Other Financing Activities, net	-	-	0.00	-	-6.32	-9.59	-27	-4.68	-4.73	-8.85
Effect of Exchange Rate Changes	-	-	0.00	-	-	-0.30	0.75	0.24	-1.74	3.57
Cash Interest Paid	11	8.52	8.87	8.64	12	10	10	24	10	24
Cash Income Taxes Paid	-0.29	-0.36	-0.34	-17	-9.79	0.29	-0.38	-12	-1.59	-0.44

This table presents Patterson-UTI Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	4,529	3,772	5,759	5,470	4,440	3,299	2,958	3,144	7,420	5,833
Total Current Assets	487	247	747	950	632	478	584	829	1,486	1,295
Cash & Equivalents	113	35	43	245	174	225	118	138	193	241
Accounts Receivable	220	148	580	559	340	160	356	566	971	764
Inventories, net	15	20	69	66	36	33	42	65	181	167
Other Current Assets	40	41	53	77	75	55	68	61	141	123
Plant, Property, & Equipment, net	3,921	3,409	4,255	4,003	3,307	2,761	2,332	2,261	3,340	3,010
Total Noncurrent Assets	122	116	757	517	501	60	42	54	2,594	1,528
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	0.00	63	27
Goodwill	93	89	687	478	444	-	-	0.00	1,380	487
Intangible Assets	-	-	-	-	-	30	7.54	5.85	1,052	930
Noncurrent Deferred & Refundable Income Taxes	-	4.12	3.88	-	-	-	3.98	3.21	3.93	0.00
Other Noncurrent Operating Assets	30	23	66	39	57	30	31	45	95	84
Total Liabilities & Shareholders' Equity	4,529	3,772	5,759	5,470	4,440	3,299	2,958	3,144	7,420	5,833
Total Liabilities	1,968	1,524	1,776	1,964	1,606	1,283	1,348	1,478	2,599	2,358
Total Current Liabilities	308	265	546	526	401	274	436	551	1,050	842
Short-Term Debt	63	-	-	-	-	-	-	0.00	12	6.39
Accounts Payable	83	126	320	289	170	91	190	237	534	421
Accrued Expenses	162	139	227	236	220	176	239	309	446	386
Other Current Liabilities	-	-	-	-	9.94	7.10	6.89	5.12	58	29
Total Noncurrent Liabilities	1,661	1,259	1,230	1,438	1,205	1,009	913	927	1,549	1,516
Long-Term Debt	788	598	867	1,119	967	901	852	831	1,225	1,220
Noncurrent Deferred & Payable Income Tax Liabilities	864	651	351	306	203	78	29	29	248	238
Other Noncurrent Operating Liabilities	8.97	9.65	12	13	36	30	31	68	76	58
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,561	2,249	3,982	3,505	2,834	2,016	1,609	1,666	4,821	3,476
Total Preferred & Common Equity	2,561	2,249	3,982	3,505	2,834	2,016	1,609	1,666	4,812	3,466
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,561	2,249	3,982	3,505	2,834	2,016	1,609	1,666	4,812	3,466
Common Stock	1,014	1,045	2,788	2,830	2,878	2,905	3,175	3,206	6,412	6,459
Retained Earnings	2,459	2,116	2,106	1,754	1,295	472	-198	-87	57	-1,039
Treasury Stock	-907	-911	-919	-1,080	-1,345	-1,366	-1,373	-1,453	-1,658	-1,951
Accumulated Other Comprehensive Income / (Loss)	-4.09	-1.13	6.82	2.49	5.48	5.41	5.92	0.00	0.47	-2.58
Noncontrolling Interest	-	-	-	-	-	-	-	0.00	8.39	10

This table presents Patterson-UTI Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	3,042	3,092	3,117	7,421	7,226	7,022	5,964
Total Current Assets	713	780	801	1,424	1,355	1,279	1,302
Cash & Equivalents	43	157	150	67	170	75	115
Accounts Receivable	546	493	491	1,010	873	867	864
Inventories, net	55	65	68	187	183	172	173
Other Current Assets	68	64	92	161	129	165	150
Plant, Property, & Equipment, net	2,279	2,253	2,264	3,388	3,319	3,236	3,095
Total Noncurrent Assets	50	59	52	2,608	2,552	2,507	1,566
Noncurrent Note & Lease Receivables	-	-	-	57	33	30	34
Goodwill	-	-	-	1,373	1,380	1,377	487
Intangible Assets	6.11	5.49	5.14	1,075	1,023	992	963
Noncurrent Deferred & Refundable Income Taxes	3.57	3.57	4.03	7.70	4.78	0.00	0.00
Other Noncurrent Operating Assets	41	50	43	96	112	107	83
Total Liabilities & Shareholders' Equity	3,042	3,092	3,117	7,421	7,226	7,022	5,964
Total Liabilities	1,408	1,419	1,397	2,561	2,474	2,414	2,392
Total Current Liabilities	460	487	454	1,037	917	851	858
Short-Term Debt	-	-	-	12	12	13	9.51
Accounts Payable	264	271	246	580	545	476	493
Accrued Expenses	188	204	204	390	324	329	327
Other Current Liabilities	5.42	5.05	4.75	55	36	33	29
Total Noncurrent Liabilities	948	933	943	1,524	1,557	1,563	1,533
Long-Term Debt	853	822	822	1,228	1,221	1,219	1,219
Noncurrent Deferred & Payable Income Tax Liabilities	23	47	59	218	268	280	246
Other Noncurrent Operating Liabilities	72	63	62	78	68	63	68
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,634	1,673	1,720	4,860	4,752	4,609	3,572
Total Preferred & Common Equity	1,634	1,673	1,720	4,851	4,743	4,599	3,562
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,634	1,673	1,720	4,851	4,743	4,599	3,562
Common Stock	3,200	3,205	3,212	6,401	6,425	6,435	6,448
Retained Earnings	-170	-4.90	63	29	75	54	-956
Treasury Stock	-1,396	-1,527	-1,555	-1,578	-1,756	-1,890	-1,930
Accumulated Other Comprehensive Income / (Loss)	0.00	0.00	0.00	-0.66	-0.52	-0.65	-0.05
Noncontrolling Interest	-	-	-	8.40	8.86	9.40	9.83

This table displays calculated financial ratios and metrics derived from Patterson-UTI Energy's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-40.57%	-51.57%	157.32%	0.00%	0.00%	-54.50%	20.71%	95.09%	56.61%	29.70%
EBITDA Growth	-54.21%	92.34%	-44.34%	21.21%	-8.75%	-140.41%	177.91%	304.14%	56.90%	-74.09%
EBIT Growth	-243.73%	152.16%	-237.65%	-10.00%	-43.48%	-93.31%	23.95%	130.64%	70.32%	-351.72%
NOPAT Growth	-257.29%	152.14%	-237.85%	-4,375.95%	-43.27%	-93.31%	24.04%	140.98%	44.97%	-320.96%
Net Income Growth	-281.04%	-8.20%	101.85%	-5,538.60%	-32.44%	-88.79%	18.56%	123.63%	59.03%	-492.92%
EPS Growth	-280.18%	-9.00%	101.38%	-5,000.00%	-42.86%	-103.33%	21.31%	120.83%	25.71%	-377.27%
Operating Cash Flow Growth	37.15%	-69.48%	-1.42%	142.98%	-4.72%	-59.95%	-65.75%	492.89%	77.66%	16.86%
Free Cash Flow Firm Growth	156.49%	140.29%	-446.07%	110.12%	113.84%	-28.28%	-140.83%	242.61%	-1,893.22%	124.24%
Invested Capital Growth	-14.28%	-14.76%	70.93%	-8.88%	-17.21%	-25.74%	-12.94%	0.62%	148.64%	-23.95%
Revenue Q/Q Growth	4.91%	-44.79%	29.76%	0.00%	0.00%	-19.45%	22.11%	13.85%	23.75%	-7.28%
EBITDA Q/Q Growth	-28.97%	227.93%	-51.54%	-23.97%	21.36%	-44.60%	12.36%	37.93%	16.00%	-37.30%
EBIT Q/Q Growth	-82.20%	150.57%	-202.68%	-143.04%	21.73%	-4.87%	-54.02%	176.85%	-1.60%	-19.14%
NOPAT Q/Q Growth	-82.22%	150.55%	-141.77%	-307.96%	64.32%	-4.87%	-53.63%	204.19%	-10.47%	-19.16%
Net Income Q/Q Growth	-65.21%	-6.51%	102.21%	-527.25%	21.32%	-2.63%	-63.94%	150.33%	-13.43%	-13.29%
EPS Q/Q Growth	-63.93%	-7.39%	101.92%	-394.00%	19.54%	-4.15%	-57.01%	145.16%	-32.82%	-5.17%
Operating Cash Flow Q/Q Growth	3.20%	-31.62%	63.79%	11.01%	-15.69%	-29.52%	102.45%	84.34%	17.48%	-10.42%
Free Cash Flow Firm Q/Q Growth	477.24%	182.10%	-142.38%	179.30%	6,176.45%	-16.39%	-432.48%	192.33%	1.50%	-5.22%
Invested Capital Q/Q Growth	-3.53%	-3.05%	11.83%	-6.03%	-3.26%	-3.25%	-3.78%	-3.51%	-2.78%	-4.80%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.45%	29.16%	27.12%	0.00%	27.98%	28.17%	20.38%	30.26%	32.20%	27.11%
EBITDA Margin	24.27%	96.41%	20.86%	0.00%	22.00%	-19.54%	12.61%	26.13%	26.17%	5.23%
Operating Margin	-21.52%	23.17%	-12.41%	0.00%	-18.68%	-79.36%	-49.94%	7.97%	8.49%	-16.54%
EBIT Margin	-21.52%	23.18%	-12.40%	0.00%	-18.67%	-79.30%	-49.96%	7.85%	8.53%	-16.56%
Profit (Net Income) Margin	-15.57%	-34.79%	0.25%	0.00%	-17.23%	-71.49%	-48.23%	5.84%	5.93%	-17.97%
Tax Burden Percent	66.56%	64.22%	-1.80%	87.48%	80.26%	86.32%	90.94%	92.13%	80.09%	100.99%
Interest Burden Percent	108.73%	-233.75%	112.19%	114.31%	115.00%	104.43%	106.16%	80.80%	86.79%	107.44%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.87%	19.91%	0.00%
Return on Invested Capital (ROIC)	-7.97%	4.86%	-5.38%	0.00%	-8.07%	-19.77%	-18.84%	8.27%	6.85%	-12.06%
ROIC Less NNEP Spread (ROIC-NNEP)	-9.12%	-66.95%	25.00%	0.00%	-20.38%	-44.16%	-44.36%	2.70%	2.72%	-45.92%
Return on Net Nonoperating Assets (RNNOA)	-2.80%	-18.11%	5.57%	0.00%	-5.36%	-13.37%	-17.27%	1.18%	0.73%	-11.23%
Return on Equity (ROE)	-10.77%	-13.25%	0.19%	-8.59%	-13.43%	-33.14%	-36.11%	9.44%	7.58%	-23.30%
Cash Return on Invested Capital (CROIC)	7.40%	20.80%	-57.73%	4.38%	10.76%	9.77%	-5.01%	7.65%	-78.41%	15.14%
Operating Return on Assets (OROA)	-8.20%	5.11%	-6.13%	0.00%	-9.31%	-23.04%	-21.67%	6.81%	6.70%	-13.44%
Return on Assets (ROA)	-5.94%	-7.68%	0.12%	0.00%	-8.59%	-20.77%	-20.92%	5.07%	4.66%	-14.58%
Return on Common Equity (ROCE)	-10.77%	-13.25%	0.19%	-8.59%	-13.43%	-33.14%	-36.11%	9.44%	7.57%	-23.24%
Return on Equity Simple (ROE_SIMPLE)	-11.50%	-14.17%	0.15%	-9.17%	-15.02%	-39.86%	-40.67%	9.29%	5.11%	-27.88%
Net Operating Profit after Tax (NOPAT)	-285	149	-205	-226	-323	-625	-474	194	282	-623
NOPAT Margin	-15.06%	16.22%	-8.69%	0.00%	-13.08%	-55.56%	-34.96%	7.34%	6.80%	-11.58%
Net Nonoperating Expense Percent (NNEP)	1.14%	71.81%	-30.37%	11.29%	12.31%	24.39%	25.52%	5.57%	4.13%	33.86%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	7.79%	4.65%	-13.25%
Cost of Revenue to Revenue	64.55%	70.84%	72.88%	0.00%	72.02%	71.83%	79.62%	69.74%	67.80%	72.89%
SG&A Expenses to Revenue	4.57%	7.56%	4.49%	0.00%	5.40%	8.68%	6.81%	4.40%	4.10%	4.99%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	56.97%	5.99%	39.53%	0.00%	46.66%	107.54%	70.33%	22.28%	23.71%	43.66%
Earnings before Interest and Taxes (EBIT)	-407	212	-292	-321	-461	-892	-678	208	354	-891
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	459	883	491	596	544	-220	171	692	1,085	281
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.77	1.58	1.15	0.62	0.66	0.46	1.07	2.07	0.91	0.93
Price to Tangible Book Value (P/TBV)	0.80	1.65	1.39	0.72	0.79	0.47	1.08	2.08	1.83	1.57
Price to Revenue (P/Rev)	1.04	3.89	1.95	0.00	0.76	0.82	1.27	1.30	1.05	0.60
Price to Earnings (P/E)	0.00	10.19	776.84	0.00	0.00	0.00	0.00	22.27	17.71	0.00
Dividend Yield	2.99%	0.67%	0.39%	1.40%	1.66%	2.02%	1.00%	1.26%	3.06%	3.87%
Earnings Yield	0.00%	9.82%	0.13%	0.00%	0.00%	0.00%	0.00%	4.49%	5.65%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.82	1.47	1.13	0.70	0.74	0.60	1.05	1.75	0.92	0.95
Enterprise Value to Revenue (EV/Rev)	1.43	4.51	2.30	0.00	1.08	1.43	1.81	1.56	1.31	0.78
Enterprise Value to EBITDA (EV/EBITDA)	5.89	4.67	11.02	5.13	4.91	0.00	14.37	5.98	4.99	14.99
Enterprise Value to EBIT (EV/EBIT)	0.00	19.44	0.00	0.00	0.00	0.00	0.00	19.91	15.30	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	27.78	0.00	0.00	0.00	0.00	0.00	21.28	19.21	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	2.71	13.53	18.01	4.18	3.83	5.75	25.76	7.31	5.38	3.59
Enterprise Value to Free Cash Flow (EV/FCFF)	10.23	6.49	0.00	15.17	6.20	5.19	0.00	23.01	0.00	5.39
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.33	0.27	0.22	0.32	0.34	0.45	0.53	0.50	0.26	0.35
Long-Term Debt to Equity	0.31	0.27	0.22	0.32	0.34	0.45	0.53	0.50	0.25	0.35
Financial Leverage	0.31	0.27	0.22	0.23	0.26	0.30	0.39	0.44	0.27	0.24
Leverage Ratio	1.82	1.73	1.53	1.50	1.56	1.60	1.73	1.86	1.63	1.60
Compound Leverage Factor	1.97	-4.03	1.72	1.71	1.80	1.67	1.83	1.51	1.41	1.72
Debt to Total Capital	24.94%	21.02%	17.87%	24.20%	25.43%	30.90%	34.62%	33.28%	20.42%	26.08%
Short-Term Debt to Total Capital	1.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.20%	0.14%
Long-Term Debt to Total Capital	23.09%	21.02%	17.87%	24.20%	25.43%	30.90%	34.62%	33.28%	20.22%	25.94%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%	0.21%
Common Equity to Total Capital	75.06%	78.98%	82.13%	75.80%	74.57%	69.10%	65.38%	66.72%	79.44%	73.71%
Debt to EBITDA	1.85	0.68	1.76	1.88	1.78	-4.10	4.98	1.20	1.14	4.36
Net Debt to EBITDA	1.61	0.64	1.68	1.47	1.46	-3.08	4.29	1.00	0.96	3.50
Long-Term Debt to EBITDA	1.72	0.68	1.76	1.88	1.78	-4.10	4.98	1.20	1.13	4.34
Debt to NOPAT	-2.99	4.03	-4.23	-4.96	-2.99	-1.44	-1.80	4.27	4.39	-1.97
Net Debt to NOPAT	-2.59	3.79	-4.02	-3.88	-2.45	-1.08	-1.55	3.57	3.71	-1.58
Long-Term Debt to NOPAT	-2.77	4.03	-4.23	-4.96	-2.99	-1.44	-1.80	4.27	4.35	-1.96
Altman Z-Score	1.53	2.61	2.35	1.01	1.39	0.16	0.44	2.53	1.80	1.08
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.13%	0.22%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.58	0.93	1.37	1.81	1.58	1.75	1.34	1.51	1.41	1.54
Quick Ratio	1.08	0.69	1.14	1.53	1.28	1.41	1.09	1.28	1.11	1.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	264	635	-2,199	201	431	309	-126	180	-3,224	782
Operating Cash Flow to CapEx	138.24%	311.55%	53.03%	113.91%	200.34%	191.68%	57.42%	137.85%	170.72%	180.14%
Free Cash Flow to Firm to Interest Expense	7.25	0.00	-58.69	3.90	5.72	7.57	-3.00	4.47	-60.99	10.86
Operating Cash Flow to Interest Expense	27.40	0.00	8.03	14.17	9.26	6.84	2.27	14.06	19.03	16.34
Operating Cash Flow Less CapEx to Interest Expense	7.58	0.00	-7.11	1.73	4.64	3.27	-1.69	3.86	7.88	7.27
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.38	0.22	0.49	0.00	0.50	0.29	0.43	0.87	0.79	0.81
Accounts Receivable Turnover	4.28	4.98	6.47	0.00	5.50	4.50	5.26	5.75	5.40	6.20
Inventory Turnover	51.99	37.17	38.44	0.00	34.91	23.26	28.64	34.28	22.84	22.54
Fixed Asset Turnover	0.47	0.25	0.62	0.00	0.68	0.37	0.53	1.15	1.48	1.69
Accounts Payable Turnover	5.25	6.23	7.71	0.00	7.75	6.18	7.68	8.64	7.29	8.20
Days Sales Outstanding (DSO)	85.21	73.28	56.41	0.00	66.37	81.15	69.43	63.53	67.63	58.87
Days Inventory Outstanding (DIO)	7.02	9.82	9.49	0.00	10.45	15.69	12.74	10.65	15.98	16.19
Days Payable Outstanding (DPO)	69.54	58.63	47.31	0.00	47.12	59.10	47.51	42.23	50.08	44.50
Cash Conversion Cycle (CCC)	22.69	24.47	18.59	0.00	29.70	37.75	34.67	31.95	33.53	30.57
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,299	2,812	4,806	4,380	3,626	2,693	2,344	2,359	5,865	4,461
Invested Capital Turnover	0.53	0.30	0.62	0.00	0.62	0.36	0.54	1.13	1.01	1.04
Increase / (Decrease) in Invested Capital	-549	-487	1,994	-427	-754	-933	-348	15	3,506	-1,404
Enterprise Value (EV)	2,705	4,126	5,415	3,054	2,670	1,603	2,460	4,137	5,415	4,216
Market Capitalization	1,967	3,563	4,591	2,180	1,877	926	1,725	3,444	4,363	3,221
Book Value per Share	$17.40	$15.18	$17.90	$16.03	$14.57	$10.75	$7.48	$7.68	$11.53	$8.89
Tangible Book Value per Share	$16.77	$14.58	$14.81	$13.85	$12.28	$10.59	$7.45	$7.65	$5.71	$5.25
Total Capital	3,412	2,847	4,849	4,625	3,800	2,918	2,462	2,496	6,058	4,702
Total Debt	851	598	867	1,119	967	901	852	831	1,237	1,226
Total Long-Term Debt	788	598	867	1,119	967	901	852	831	1,225	1,220
Net Debt	738	563	824	874	792	677	735	693	1,044	985
Capital Expenditures (CapEx)	723	98	567	641	348	145	166	411	589	653
Debt-free, Cash-free Net Working Capital (DFCFNWC)	129	-53	158	179	57	-21	30	141	255	218
Debt-free Net Working Capital (DFNWC)	242	-18	201	424	231	204	148	278	447	460
Net Working Capital (NWC)	179	-18	201	424	231	204	148	278	435	453
Net Nonoperating Expense (NNE)	9.61	467	-211	96	103	179	180	40	36	344
Net Nonoperating Obligations (NNO)	738	563	824	874	792	677	735	693	1,044	985
Total Depreciation and Amortization (D&A)	866	671	784	917	1,005	672	849	484	731	1,172
Debt-free, Cash-free Net Working Capital to Revenue	6.81%	-5.80%	6.69%	0.00%	2.31%	-1.84%	2.23%	5.32%	6.15%	4.06%
Debt-free Net Working Capital to Revenue	12.80%	-1.96%	8.51%	0.00%	9.36%	18.17%	10.89%	10.52%	10.79%	8.55%
Net Working Capital to Revenue	9.46%	-1.96%	8.51%	0.00%	9.36%	18.17%	10.89%	10.52%	10.50%	8.43%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.00)	($2.18)	$0.03	($1.47)	($2.10)	($4.27)	($3.36)	$0.00	$0.88	($2.44)
Adjusted Weighted Average Basic Shares Outstanding	145.42M	146.18M	198.45M	218.64M	203.04M	188.01M	195.02M	0.00	279.50M	397.20M
Adjusted Diluted Earnings per Share	($2.00)	($2.18)	$0.03	($1.47)	($2.10)	($4.27)	($3.36)	$0.00	$0.88	($2.44)
Adjusted Weighted Average Diluted Shares Outstanding	145.42M	146.18M	199.88M	218.64M	203.04M	188.01M	195.02M	0.00	280.06M	397.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	147.18M	166.33M	222.29M	0.00	192.15M	187.74M	215.27M	0.00	408.19M	386.39M
Normalized Net Operating Profit after Tax (NOPAT)	-198	149	-153	-76	-311	-321	-466	196	360	20
Normalized NOPAT Margin	-10.45%	16.22%	-6.48%	0.00%	-12.57%	-28.57%	-34.34%	7.42%	8.69%	0.37%
Pre Tax Income Margin	-23.39%	-54.18%	-13.91%	0.00%	-21.47%	-82.81%	-53.04%	6.34%	7.41%	-17.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-11.16	0.00	-7.80	-6.23	-6.13	-21.87	-16.15	5.16	6.69	-12.38
NOPAT to Interest Expense	-7.81	0.00	-5.46	-4.37	-4.30	-15.32	-11.30	4.83	5.33	-8.65
EBIT Less CapEx to Interest Expense	-30.98	0.00	-22.93	-18.67	-10.75	-25.44	-20.11	-5.04	-4.45	-21.45
NOPAT Less CapEx to Interest Expense	-27.63	0.00	-20.60	-16.81	-8.92	-18.89	-15.26	-5.37	-5.81	-17.72
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-19.96%	-7.40%	276.06%	-9.52%	-7.62%	-2.35%	-2.38%	27.87%	40.67%	-13.12%
Augmented Payout Ratio	-22.68%	-8.53%	391.27%	-59.84%	-67.63%	-4.98%	-3.35%	73.17%	122.28%	-43.17%

This table displays calculated financial ratios and metrics derived from Patterson-UTI Energy's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	103.28%	69.02%	55.45%	21.96%	39.03%	100.93%	90.75%	77.65%	34.19%	-26.65%
EBITDA Growth	283.64%	386.01%	155.53%	50.34%	5.08%	62.52%	41.93%	33.96%	-398.31%	-42.98%
EBIT Growth	182.86%	132.10%	836.74%	211.59%	-87.82%	-4.96%	-31.07%	-57.48%	-11,010.69%	-129.59%
NOPAT Growth	216.98%	142.71%	892.56%	164.58%	-90.78%	-31.23%	-40.11%	-80.13%	-10,308.46%	-129.57%
Net Income Growth	174.04%	127.66%	446.38%	286.61%	-100.45%	-38.12%	-48.13%	-86.27%	-351,818.71%	-182.97%
EPS Growth	163.64%	125.00%	453.85%	300.00%	-100.00%	-95.56%	-71.74%	-92.50%	0.00%	-600.00%
Operating Cash Flow Growth	2,308.19%	590.10%	595.93%	217.19%	-12.43%	49.41%	56.13%	21.29%	89.84%	-30.22%
Free Cash Flow Firm Growth	-76.89%	-2.64%	-28.09%	42.16%	-5,562.00%	-3,780.67%	-2,410.45%	-2,644.72%	118.26%	140.28%
Invested Capital Growth	0.33%	0.62%	-1.81%	-1.72%	146.78%	148.64%	148.73%	140.99%	-22.33%	-23.95%
Revenue Q/Q Growth	16.92%	8.38%	0.42%	-4.16%	33.28%	56.64%	-4.67%	-10.74%	0.67%	-14.37%
EBITDA Q/Q Growth	26.54%	21.74%	6.74%	-8.57%	-11.55%	88.27%	-6.78%	-13.70%	-296.96%	135.99%
EBIT Q/Q Growth	117.34%	55.79%	9.70%	-16.12%	-91.50%	1,115.19%	-20.44%	-48.26%	-2,281.08%	96.70%
NOPAT Q/Q Growth	116.80%	46.35%	-2.89%	-14.13%	-92.45%	992.04%	-15.43%	-71.51%	-3,979.66%	96.84%
Net Income Q/Q Growth	180.78%	62.89%	-0.42%	-15.11%	-100.33%	22,379.86%	-16.52%	-77.52%	-8,518.67%	94.75%
EPS Q/Q Growth	180.00%	60.71%	2.22%	-13.04%	-100.00%	0.00%	550.00%	-76.92%	-8,433.33%	96.00%
Operating Cash Flow Q/Q Growth	247.14%	69.97%	-22.64%	-30.51%	-4.16%	190.01%	-19.16%	-46.02%	50.00%	6.60%
Free Cash Flow Firm Q/Q Growth	-29.30%	42.21%	58.48%	-10.78%	-2,816.41%	4.17%	0.52%	1.74%	119.49%	111.42%
Invested Capital Q/Q Growth	0.43%	-3.51%	-0.89%	2.32%	152.18%	-2.78%	-0.85%	-0.86%	-18.73%	-4.80%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.19%	34.58%	35.25%	35.68%	31.64%	29.36%	28.34%	27.99%	25.39%	26.52%
EBITDA Margin	27.04%	30.37%	32.28%	30.80%	20.44%	24.57%	24.02%	23.22%	-45.44%	19.10%
Operating Margin	10.49%	14.81%	15.91%	13.78%	0.96%	7.05%	5.76%	3.35%	-72.99%	-2.70%
EBIT Margin	10.25%	14.73%	16.10%	14.09%	0.90%	6.97%	5.82%	3.37%	-73.04%	-2.81%
Profit (Net Income) Margin	8.45%	12.70%	12.59%	11.15%	-0.03%	3.91%	3.42%	0.86%	-72.08%	-4.42%
Tax Burden Percent	96.54%	92.35%	83.16%	86.01%	6.31%	66.41%	72.11%	39.52%	97.00%	103.90%
Interest Burden Percent	85.36%	93.30%	94.05%	92.02%	-48.51%	84.47%	81.62%	64.70%	101.74%	151.42%
Effective Tax Rate	3.46%	7.65%	16.84%	13.99%	0.00%	33.59%	27.89%	60.48%	0.00%	0.00%
Return on Invested Capital (ROIC)	9.65%	15.40%	16.43%	15.06%	0.53%	4.72%	4.96%	1.77%	-55.30%	-1.97%
ROIC Less NNEP Spread (ROIC-NNEP)	8.04%	14.31%	15.74%	14.36%	-0.18%	3.31%	3.68%	1.09%	-80.21%	-4.87%
Return on Net Nonoperating Assets (RNNOA)	3.64%	6.24%	7.12%	6.67%	-0.06%	0.89%	0.99%	0.31%	-21.75%	-1.19%
Return on Equity (ROE)	13.30%	21.64%	23.54%	21.73%	0.48%	5.61%	5.95%	2.09%	-77.05%	-3.16%
Cash Return on Invested Capital (CROIC)	-7.98%	7.65%	15.36%	17.29%	-77.23%	-78.41%	-79.43%	-78.60%	15.39%	15.14%
Operating Return on Assets (OROA)	7.87%	12.79%	15.77%	14.22%	0.58%	5.47%	5.48%	3.63%	-63.31%	-2.28%
Return on Assets (ROA)	6.48%	11.02%	12.33%	11.25%	-0.02%	3.07%	3.23%	0.93%	-62.48%	-3.59%
Return on Common Equity (ROCE)	13.30%	21.64%	23.54%	21.73%	0.47%	5.60%	5.94%	2.08%	-76.88%	-3.15%
Return on Equity Simple (ROE_SIMPLE)	-18.80%	0.00%	16.92%	20.11%	5.86%	0.00%	4.17%	2.72%	-23.95%	0.00%
Net Operating Profit after Tax (NOPAT)	74	108	105	90	6.79	74	63	18	-693	-22
NOPAT Margin	10.13%	13.68%	13.23%	11.85%	0.67%	4.68%	4.15%	1.33%	-51.09%	-1.89%
Net Nonoperating Expense Percent (NNEP)	1.61%	1.09%	0.69%	0.70%	0.71%	1.41%	1.28%	0.68%	24.92%	2.90%
Return On Investment Capital (ROIC_SIMPLE)	-	4.32%	-	-	-	1.22%	-	-	-	-0.47%
Cost of Revenue to Revenue	68.81%	65.42%	64.75%	64.32%	68.36%	70.64%	71.66%	72.01%	74.61%	73.48%
SG&A Expenses to Revenue	3.91%	4.39%	3.86%	4.38%	4.46%	3.85%	4.30%	4.79%	4.84%	6.29%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.69%	19.77%	19.35%	21.90%	30.68%	22.31%	22.58%	24.63%	98.38%	29.21%
Earnings before Interest and Taxes (EBIT)	75	116	127	107	9.09	110	88	45	-991	-33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	197	239	256	234	207	389	363	313	-617	222
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.48	2.07	1.44	1.41	0.58	0.91	1.04	0.90	0.84	0.93
Price to Tangible Book Value (P/TBV)	1.49	2.08	1.45	1.42	1.16	1.83	2.11	1.87	1.42	1.57
Price to Revenue (P/Rev)	1.04	1.30	0.82	0.79	0.83	1.05	1.02	0.76	0.52	0.60
Price to Earnings (P/E)	0.00	22.27	8.53	7.02	9.82	17.71	25.00	33.48	0.00	0.00
Dividend Yield	1.25%	1.26%	2.12%	2.40%	2.38%	3.06%	2.70%	3.09%	4.18%	3.87%
Earnings Yield	0.00%	4.49%	11.72%	14.25%	10.18%	5.65%	4.00%	2.99%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.32	1.75	1.32	1.30	0.66	0.92	1.03	0.92	0.88	0.95
Enterprise Value to Revenue (EV/Rev)	1.39	1.56	1.05	1.01	1.19	1.31	1.24	0.98	0.71	0.78
Enterprise Value to EBITDA (EV/EBITDA)	6.44	5.98	3.63	3.35	4.25	4.99	5.05	4.19	9.21	14.99
Enterprise Value to EBIT (EV/EBIT)	0.00	19.91	8.74	7.29	11.06	15.30	19.15	21.08	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	21.28	9.65	8.26	12.63	19.21	25.15	31.93	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.52	7.31	4.02	3.53	4.64	5.38	5.29	4.55	3.15	3.59
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	23.01	8.50	7.43	0.00	0.00	0.00	0.00	5.01	5.39
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.52	0.50	0.49	0.48	0.26	0.26	0.26	0.27	0.34	0.35
Long-Term Debt to Equity	0.52	0.50	0.49	0.48	0.25	0.25	0.26	0.26	0.34	0.35
Financial Leverage	0.45	0.44	0.45	0.46	0.31	0.27	0.27	0.29	0.27	0.24
Leverage Ratio	1.80	1.86	1.84	1.84	1.61	1.63	1.61	1.60	1.59	1.60
Compound Leverage Factor	1.54	1.74	1.73	1.70	-0.78	1.38	1.31	1.04	1.62	2.42
Debt to Total Capital	34.29%	33.28%	32.95%	32.35%	20.33%	20.42%	20.61%	21.09%	25.60%	26.08%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.20%	0.20%	0.21%	0.22%	0.20%	0.14%
Long-Term Debt to Total Capital	34.29%	33.28%	32.95%	32.35%	20.14%	20.22%	20.40%	20.88%	25.40%	25.94%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.14%	0.14%	0.15%	0.16%	0.20%	0.21%
Common Equity to Total Capital	65.71%	66.72%	67.05%	67.65%	79.53%	79.44%	79.24%	78.75%	74.20%	73.71%
Debt to EBITDA	1.70	1.20	0.97	0.89	1.33	1.14	1.03	0.97	2.74	4.36
Net Debt to EBITDA	1.62	1.00	0.78	0.73	1.25	0.96	0.89	0.91	2.48	3.50
Long-Term Debt to EBITDA	1.70	1.20	0.97	0.89	1.31	1.13	1.02	0.96	2.72	4.34
Debt to NOPAT	-4.57	4.27	2.58	2.19	3.94	4.39	5.15	7.38	-2.35	-1.97
Net Debt to NOPAT	-4.34	3.57	2.08	1.79	3.73	3.71	4.44	6.93	-2.13	-1.58
Long-Term Debt to NOPAT	-4.57	4.27	2.58	2.19	3.90	4.35	5.10	7.31	-2.33	-1.96
Altman Z-Score	1.90	2.43	2.22	2.30	1.18	1.70	2.00	1.92	1.04	1.57
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.13%	0.13%	0.14%	0.15%	0.22%	0.22%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.55	1.51	1.60	1.76	1.37	1.41	1.48	1.50	1.52	1.54
Quick Ratio	1.28	1.28	1.34	1.41	1.04	1.11	1.14	1.11	1.14	1.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	66	93	148	132	-3,581	-3,432	-3,414	-3,355	654	1,383
Operating Cash Flow to CapEx	146.82%	266.97%	201.44%	129.39%	105.00%	228.18%	162.94%	159.84%	169.09%	244.45%
Free Cash Flow to Firm to Interest Expense	5.97	11.57	16.74	13.54	-229.21	-183.72	-186.22	-187.30	36.35	78.00
Operating Cash Flow to Interest Expense	16.24	37.60	26.55	16.72	9.99	24.23	19.96	11.03	16.47	17.82
Operating Cash Flow Less CapEx to Interest Expense	5.18	23.51	13.37	3.80	0.48	13.61	7.71	4.13	6.73	10.53
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.77	0.87	0.98	1.01	0.64	0.79	0.94	1.08	0.87	0.81
Accounts Receivable Turnover	5.74	5.75	6.73	6.36	4.31	5.40	7.12	8.03	6.19	6.20
Inventory Turnover	37.90	34.28	35.74	33.19	18.27	22.84	27.22	32.15	23.30	22.54
Fixed Asset Turnover	0.99	1.15	1.29	1.35	1.18	1.48	1.75	1.98	1.79	1.69
Accounts Payable Turnover	7.95	8.64	8.26	8.10	5.24	7.29	8.29	10.71	7.80	8.20
Days Sales Outstanding (DSO)	63.53	63.53	54.23	57.38	84.78	67.63	51.24	45.44	58.96	58.87
Days Inventory Outstanding (DIO)	9.63	10.65	10.21	11.00	19.98	15.98	13.41	11.35	15.66	16.19
Days Payable Outstanding (DPO)	45.89	42.23	44.17	45.08	69.72	50.08	44.05	34.10	46.79	44.50
Cash Conversion Cycle (CCC)	27.27	31.95	20.27	23.30	35.04	33.53	20.59	22.70	27.84	30.57
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,445	2,359	2,338	2,392	6,033	5,865	5,815	5,765	4,685	4,461
Invested Capital Turnover	0.95	1.13	1.24	1.27	0.79	1.01	1.19	1.34	1.08	1.04
Increase / (Decrease) in Invested Capital	8.13	15	-43	-42	3,588	3,506	3,477	3,373	-1,347	-1,404
Enterprise Value (EV)	3,232	4,137	3,081	3,100	3,976	5,415	6,018	5,328	4,130	4,216
Market Capitalization	2,422	3,444	2,416	2,428	2,794	4,363	4,946	4,162	3,007	3,221
Book Value per Share	$7.54	$7.68	$7.83	$8.26	$23.32	$11.53	$11.62	$11.45	$9.06	$8.89
Tangible Book Value per Share	$7.51	$7.65	$7.80	$8.24	$11.55	$5.71	$5.73	$5.55	$5.37	$5.25
Total Capital	2,487	2,496	2,495	2,543	6,100	6,058	5,985	5,840	4,801	4,702
Total Debt	853	831	822	822	1,240	1,237	1,233	1,232	1,229	1,226
Total Long-Term Debt	853	831	822	822	1,228	1,225	1,221	1,219	1,219	1,220
Net Debt	810	693	665	672	1,173	1,044	1,063	1,157	1,113	985
Capital Expenditures (CapEx)	121	113	116	126	149	198	225	124	175	129
Debt-free, Cash-free Net Working Capital (DFCFNWC)	210	141	136	197	332	255	280	366	338	218
Debt-free Net Working Capital (DFNWC)	253	278	293	347	399	447	450	441	453	460
Net Working Capital (NWC)	253	278	293	347	387	435	438	428	444	453
Net Nonoperating Expense (NNE)	12	7.77	5.07	5.34	7.07	12	11	6.25	285	29
Net Nonoperating Obligations (NNO)	810	693	665	672	1,173	1,044	1,063	1,157	1,113	985
Total Depreciation and Amortization (D&A)	122	123	128	127	198	279	275	268	375	255
Debt-free, Cash-free Net Working Capital to Revenue	9.04%	5.32%	4.65%	6.41%	9.91%	6.15%	5.75%	6.71%	5.83%	4.06%
Debt-free Net Working Capital to Revenue	10.88%	10.52%	10.02%	11.32%	11.91%	10.79%	9.25%	8.08%	7.82%	8.55%
Net Working Capital to Revenue	10.88%	10.52%	10.02%	11.32%	11.55%	10.50%	9.00%	7.85%	7.65%	8.43%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.28	$0.47	$0.47	$0.41	$0.00	$0.00	$0.13	$0.03	($2.50)	($0.10)
Adjusted Weighted Average Basic Shares Outstanding	216.82M	215.94M	212.09M	207.84M	280.22M	279.50M	408.18M	399.56M	391.73M	397.20M
Adjusted Diluted Earnings per Share	$0.28	$0.45	$0.46	$0.40	$0.00	$0.02	$0.13	$0.03	($2.50)	($0.10)
Adjusted Weighted Average Diluted Shares Outstanding	220.45M	219.50M	215.87M	208.98M	281.98M	280.06M	409.82M	399.56M	391.73M	397.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	216.82M	213.66M	208.25M	207.99M	417.28M	408.19M	401.70M	393.05M	389.96M	386.39M
Normalized Net Operating Profit after Tax (NOPAT)	74	108	105	97	56	87	72	39	-69	-20
Normalized NOPAT Margin	10.13%	13.68%	13.23%	12.75%	5.53%	5.52%	4.74%	2.90%	-5.09%	-1.68%
Pre Tax Income Margin	8.75%	13.75%	15.14%	12.96%	-0.44%	5.89%	4.75%	2.18%	-74.31%	-4.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.79	14.42	14.44	10.98	0.58	5.91	4.79	2.54	-55.11	-1.84
NOPAT to Interest Expense	6.72	13.39	11.87	9.24	0.43	3.97	3.42	1.00	-38.55	-1.24
EBIT Less CapEx to Interest Expense	-4.27	0.34	1.26	-1.95	-8.93	-4.71	-7.46	-4.36	-64.85	-9.13
NOPAT Less CapEx to Interest Expense	-4.35	-0.70	-1.31	-3.69	-9.08	-6.65	-8.83	-5.90	-48.29	-8.53
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-9.84%	27.87%	18.16%	17.16%	29.53%	40.67%	58.43%	104.73%	-15.11%	-13.12%
Augmented Payout Ratio	-14.93%	73.17%	68.89%	62.87%	93.39%	122.28%	172.03%	368.75%	-55.71%	-43.17%

Frequently Asked Questions About Patterson-UTI Energy's Financials

When does Patterson-UTI Energy's fiscal year end?

According to the most recent income statement we have on file, Patterson-UTI Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Patterson-UTI Energy's net income changed over the last 8 years?

Patterson-UTI Energy's net income appears to be on an upward trend, with a most recent value of -$966.40 million in 2024, rising from -$294.49 million in 2015. The previous period was $245.95 million in 2023.

What is Patterson-UTI Energy's operating income?

Patterson-UTI Energy's total operating income in 2024 was -$889.74 million, based on the following breakdown:

Total Gross Profit: $1.46 billion
Total Operating Expenses: $2.35 billion

How has Patterson-UTI Energy revenue changed over the last 8 years?

Over the last 8 years, Patterson-UTI Energy's total revenue changed from $1.89 billion in 2015 to $5.38 billion in 2024, a change of 184.4%.

How much debt does Patterson-UTI Energy have?

Patterson-UTI Energy's total liabilities were at $2.36 billion at the end of 2024, a 9.3% decrease from 2023, and a 19.8% increase since 2015.

How much cash does Patterson-UTI Energy have?

In the past 9 years, Patterson-UTI Energy's cash and equivalents has ranged from $35.15 million in 2016 to $245.03 million in 2018, and is currently $241.29 million as of their latest financial filing in 2024.

How has Patterson-UTI Energy's book value per share changed over the last 9 years?

Over the last 9 years, Patterson-UTI Energy's book value per share changed from 17.40 in 2015 to 8.89 in 2024, a change of -48.9%.

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This page (NASDAQ:PTEN) was last updated on 4/16/2025 by MarketBeat.com Staff

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Patterson-UTI Energy (PTEN) Financials

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Patterson-UTI Energy (PTEN) Financials

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