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Complete financial analysis of Arabian Drilling Company (2381.SR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Arabian Drilling Company, a leading company in the Oil & Gas Drilling industry within the Energy sector.
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Arabian Drilling Company (2381.SR)
About Arabian Drilling Company
Arabian Drilling Company operates as an onshore and offshore gas and oil rig drilling company in Saudi Arabia. Its services include the supply of drilling services in shallow and deep waters and on land for the exploration and production of oil and natural gas, as well as well intervention and testing, rig move, mobilization, manpower, and other services. The company operates an onshore fleet of 38 rigs, which include medium to ultra-heavy rigs; and offshore fleet of 7 rigs that comprises of ultra-heavy-duty jack-ups. Arabian Drilling Company was founded in 1964 and is based in Al Khobar, Saudi Arabia. Arabian Drilling Company is a subsidiary of Industrialization & Energy Services Company.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 3.48B | 2.70B | 2.20B | 2.53B | 2.81B | 2.45B |
| Cost of Revenue | 2.50B | 1.90B | 1.72B | 2.06B | 2.27B | 1.89B |
| Gross Profit | 975.90M | 801.44M | 475.62M | 467.21M | 545.34M | 567.66M |
| Gross Profit Ratio | 28.07% | 29.64% | 21.63% | 18.48% | 19.38% | 23.13% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 181.12M | 29.98M | 13.21M | 123.80M | 139.12M | 113.97M |
| Selling & Marketing | 619.60K | 0.00 | 0.00 | -17.01M | 4.31M | 5.67M |
| SG&A | 181.74M | 29.98M | 13.21M | 106.79M | 143.43M | 119.65M |
| Other Expenses | 0.00 | -2.70M | -163.59K | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 181.74M | 179.60M | 112.07M | 106.79M | 143.43M | 119.65M |
| Cost & Expenses | 2.68B | 2.08B | 1.84B | 2.17B | 2.41B | 2.01B |
| Interest Income | 47.60M | 27.53M | 1.34M | 927.21K | 0.00 | 56.02M |
| Interest Expense | 160.88M | 1.28M | 190.30K | 48.34M | 98.36M | 0.00 |
| Depreciation & Amortization | 700.38M | 530.15M | 568.33M | 735.44M | 677.02M | 612.90M |
| EBITDA | 1.55B | 1.18B | 885.77M | 1.09B | 1.05B | 779.43M |
| EBITDA Ratio | 44.56% | 39.96% | 40.28% | 43.34% | 38.34% | 43.24% |
| Operating Income | 794.16M | 555.16M | 337.98M | 360.42M | 401.90M | 448.01M |
| Operating Income Ratio | 22.84% | 20.53% | 15.37% | 14.26% | 14.28% | 18.26% |
| Total Other Income/Expenses | -106.22M | -2.86M | -36.64M | -55.58M | -122.52M | -65.86M |
| Income Before Tax | 687.95M | 552.30M | 326.75M | 304.84M | 279.38M | 108.99M |
| Income Before Tax Ratio | 19.79% | 20.43% | 14.86% | 12.06% | 9.93% | 4.44% |
| Income Tax Expense | 83.33M | -5.42M | 53.16M | 39.96M | 48.96M | 16.41M |
| Net Income | 604.61M | 557.72M | 273.58M | 294.07M | 230.42M | 92.59M |
| Net Income Ratio | 17.39% | 20.63% | 12.44% | 11.63% | 8.19% | 3.77% |
| EPS | 6.79 | 6.85 | 3.07 | 3.30 | 2.59 | 1.04 |
| EPS Diluted | 6.79 | 6.85 | 3.07 | 3.30 | 2.59 | 1.04 |
| Weighted Avg Shares Out | 89.00M | 81.43M | 89.00M | 89.00M | 89.00M | 89.00M |
| Weighted Avg Shares Out (Dil) | 89.00M | 81.43M | 89.00M | 89.00M | 89.00M | 89.00M |
Source: https://incomestatements.info
Category: Stock Reports