Complete financial analysis of Weatherford International plc (WFRD) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Weatherford International plc, a leading company in the Oil & Gas Equipment & Services industry within the Energy sector.
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Weatherford International plc (WFRD)
About Weatherford International plc
Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates in two segments, Western Hemisphere and Eastern Hemisphere. It offers artificial lift systems, including reciprocating rod, progressing cavity pumping, gas, hydraulic, plunger, and hybrid lift systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as acidizing, fracturing, cementing, and coiled-tubing intervention; and drill stem test tools, surface well testing, and multiphase flow measurement services. The company also provides safety, downhole reservoir monitoring, flow control, and multistage fracturing systems, as well as sand-control technologies, and production and isolation packers; liner hangers to suspend a casing string in high-temperature and high-pressure wells; cementing products, including plugs, float and stage equipment, and torque-and-drag reduction technology for zonal isolation; and pre-job planning and installation services. In addition, it offers directional drilling services, and logging and measurement services while drilling; services related to rotary-steerable systems, high-temperature and high-pressure sensors, drilling reamers, and circulation subs; rotating control devices and advanced automated control systems, as well as closed-loop drilling, air drilling, managed-pressure drilling, and underbalanced drilling services; open hole and cased-hole logging services; and intervention and remediation services. Further, the company provides tubular handling, management, and connection services; and re-entry, fishing, wellbore cleaning, and well abandonment services, as well as patented bottom hole, tubularhandling equipment, pressure-control equipment, and drill pipe and collars. The company was incorporated in 1972 and is based in Houston, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.14B | 4.33B | 3.65B | 3.69B | 4.95B | 5.74B | 5.70B | 5.75B | 9.43B | 14.91B | 15.26B | 15.22B | 12.99B | 10.21B | 8.83B | 9.60B | 7.83B | 6.58B | 4.33B | 3.13B | 2.59B | 2.33B | 2.33B | 1.81B | 1.24B | 2.01B | 892.30M | 478.00M | 351.60M | 248.50M | 246.00M | 192.30M | 178.00M | 153.10M | 107.90M | 54.20M | 15.30M | 2.50M | 12.60M |
| Cost of Revenue | 3.40B | 3.02B | 2.72B | 2.81B | 3.85B | 4.51B | 4.89B | 5.19B | 8.02B | 11.46B | 12.30B | 11.86B | 1.91B | 8.85B | 6.46B | 6.24B | 5.06B | 4.22B | 2.95B | 2.16B | 1.83B | 1.58B | 1.53B | 1.05B | 727.20M | 1.26B | 606.10M | 356.70M | 241.50M | 166.80M | 169.40M | 140.20M | 125.10M | 107.20M | 72.90M | 34.20M | 10.00M | 800.00K | 1.90M |
| Gross Profit | 1.74B | 1.31B | 929.00M | 878.00M | 1.10B | 1.23B | 810.00M | 560.00M | 1.41B | 3.45B | 2.96B | 3.36B | 11.08B | 1.37B | 2.36B | 3.36B | 2.77B | 2.36B | 1.38B | 973.02M | 760.78M | 746.79M | 800.00M | 759.95M | 513.00M | 754.60M | 286.20M | 121.30M | 110.10M | 81.70M | 76.60M | 52.10M | 52.90M | 45.90M | 35.00M | 20.00M | 5.30M | 1.70M | 10.70M |
| Gross Profit Ratio | 33.89% | 30.27% | 25.49% | 23.83% | 22.22% | 21.41% | 14.21% | 9.74% | 14.97% | 23.14% | 19.40% | 22.08% | 85.26% | 13.37% | 26.78% | 34.98% | 35.42% | 35.89% | 31.91% | 31.07% | 29.36% | 32.07% | 34.35% | 41.89% | 41.36% | 37.53% | 32.07% | 25.38% | 31.31% | 32.88% | 31.14% | 27.09% | 29.72% | 29.98% | 32.44% | 36.90% | 34.64% | 68.00% | 84.92% |
| Research & Development | 112.00M | 90.00M | 85.00M | 97.00M | 136.00M | 139.00M | 158.00M | 159.00M | 231.00M | 290.00M | 265.00M | 257.00M | 244.70M | 214.48M | 194.65M | 192.66M | 169.32M | 149.43M | 107.36M | 83.55M | 82.93M | 79.59M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | -62.00M | 0.00 | 130.00M | 130.00M | 130.00M | 139.00M | 194.00M | 178.00M | 2.04B | 196.00M | 0.00 | 175.17M | 223.17M | 187.08M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 765.00M | 764.00M | 910.00M | 970.00M | 1.35B | 1.73B | 1.73B | 1.59B | 0.00 | 0.00 | 1.24B | 1.08B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 804.00M | 778.00M | -62.00M | 837.00M | 895.00M | 130.00M | 130.00M | 139.00M | 194.00M | 178.00M | 2.04B | 196.00M | 197.68M | 175.17M | 1.47B | 1.27B | 980.80M | 877.31M | 632.16M | 496.13M | 411.14M | 393.63M | 412.06M | 380.07M | 282.10M | 293.40M | 110.50M | 58.20M | 56.90M | 47.90M | 45.70M | 37.30M | 35.00M | 32.10M | 26.00M | 17.80M | 4.90M | 1.30M | 1.50M |
| Other Expenses | 4.00M | 9.00M | -351.00M | -53.00M | -116.00M | -46.00M | -34.00M | -24.00M | 3.00M | -17.00M | -77.00M | -100.00M | 0.00 | 0.00 | 0.00 | -81.34M | 0.00 | -5.83M | 73.66M | -22.41M | -14.95M | 208.19M | -21.53M | 206.63M | 166.70M | 170.70M | 33.70M | 16.80M | 20.80M | 14.30M | 12.30M | 10.50M | 8.00M | 5.70M | 4.00M | 1.60M | 400.00K | 1.70M | 18.50M |
| Operating Expenses | 920.00M | 877.00M | -328.00M | 934.00M | 1.03B | 368.00M | 2.13B | 2.25B | 1.54B | 1.92B | 2.31B | -1.19B | 582.78M | 581.09M | 1.66B | 1.38B | 1.15B | 1.02B | 813.18M | 557.28M | 479.12M | 681.40M | 390.53M | 586.70M | 448.80M | 464.10M | 144.20M | 75.00M | 77.70M | 62.20M | 58.00M | 47.80M | 43.00M | 37.80M | 30.00M | 19.40M | 5.30M | 3.00M | 20.00M |
| Cost & Expenses | 4.32B | 3.90B | -328.00M | 3.74B | 4.88B | 368.00M | 2.13B | 2.25B | 1.54B | 1.92B | 14.61B | -1.19B | 2.50B | 9.43B | 8.12B | 7.62B | 6.21B | 5.24B | 3.76B | 2.72B | 2.31B | 2.26B | 1.92B | 1.64B | 1.18B | 1.72B | 750.30M | 431.70M | 319.20M | 229.00M | 227.40M | 188.00M | 168.10M | 145.00M | 102.90M | 53.60M | 15.30M | 3.80M | 21.90M |
| Interest Income | 59.00M | 31.00M | 260.00M | 251.00M | 374.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.85M | 6.66M | 11.21M | 3.85M | 1.91M | 2.64M | 2.62M | 11.27M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 182.00M | 179.00M | 260.00M | 266.00M | 362.00M | 614.00M | 579.00M | 499.00M | 468.00M | 515.00M | 516.00M | 486.00M | 453.29M | 405.79M | 366.75M | 243.68M | 183.13M | 109.58M | 80.34M | 63.56M | 76.73M | 85.52M | 74.01M | 59.26M | 0.00 | 54.50M | 0.00 | 16.50M | 16.70M | 13.70M | 7.60M | 5.40M | 3.30M | 3.10M | 2.10M | 800.00K | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 327.00M | 349.00M | 440.00M | 503.00M | 481.00M | 556.00M | 801.00M | 956.00M | 1.20B | 1.37B | 1.40B | 1.28B | 1.14B | 1.05B | 906.70M | 731.81M | 606.23M | 483.06M | 345.77M | 272.71M | 249.01M | 230.77M | 223.52M | 206.63M | 166.70M | 170.70M | 33.70M | 16.80M | 20.80M | 14.30M | 12.30M | 10.50M | 8.00M | 5.70M | 4.00M | 1.60M | 400.00K | 1.70M | 17.60M |
| EBITDA | 956.00M | 761.00M | 357.00M | -1.05B | 4.66B | -1.59B | -1.28B | -1.42B | -428.00M | 2.51B | 2.05B | 1.48B | 2.34B | 1.71B | 1.64B | 2.69B | 2.23B | 1.84B | 882.88M | 674.98M | 534.97M | 296.16M | 632.99M | 379.88M | 230.90M | 310.70M | 332.80M | 288.90M | 30.40M | 33.80M | 30.90M | 14.80M | 17.90M | 13.80M | 9.00M | 2.20M | -1.00M | 400.00K | 8.30M |
| EBITDA Ratio | 18.62% | 15.38% | 9.79% | -28.36% | 8.09% | -2.11% | -37.95% | -40.93% | -16.29% | 1.05% | 12.95% | 7.17% | 81.60% | 7.68% | 18.25% | 28.23% | 28.59% | 27.91% | 20.37% | 19.60% | 20.95% | 13.05% | 27.16% | 23.91% | 18.14% | 29.73% | 18.59% | 12.85% | 14.93% | 13.32% | 11.83% | 7.12% | 8.93% | -24.82% | 5.93% | 1.11% | -6.54% | -72.00% | 54.76% |
| Operating Income | 820.00M | 317.00M | -83.00M | -1.55B | -46.00M | -2.08B | -2.13B | -2.25B | -1.55B | 505.00M | 523.00M | 298.00M | 1.32B | 781.45M | 703.86M | 1.98B | 1.62B | 1.34B | 569.43M | 415.75M | 281.65M | 65.39M | 409.47M | 173.24M | 64.20M | 290.50M | 142.00M | 46.30M | 32.40M | 19.50M | 18.60M | 4.30M | 9.90M | 8.10M | 5.00M | 600.00K | -1.40M | -1.30M | -9.30M |
| Operating Income Ratio | 15.97% | 7.32% | -2.28% | -42.01% | -0.93% | -36.28% | -37.36% | -39.15% | -16.39% | 3.39% | 3.43% | 1.96% | 10.19% | 7.65% | 7.97% | 20.61% | 20.74% | 20.37% | 13.14% | 13.28% | 10.87% | 2.81% | 17.58% | 9.55% | 5.18% | 14.45% | 15.91% | 9.69% | 9.22% | 7.85% | 7.56% | 2.24% | 5.56% | 5.29% | 4.63% | 1.11% | -9.15% | -52.00% | -73.81% |
| Total Other Income/Expenses | -314.00M | -274.00M | -260.00M | -328.00M | 3.87B | -673.00M | -486.00M | -632.00M | -550.00M | -760.00M | -693.00M | -586.00M | -560.00M | -577.00M | -404.38M | -288.64M | -179.85M | -115.78M | 61.52M | 37.41M | -86.70M | -75.77M | -71.78M | -102.69M | -39.50M | -177.30M | 56.00M | -34.40M | -15.60M | -13.10M | -5.80M | 1.10M | -1.20M | 43.90M | 100.00K | 800.00K | 2.40M | 2.20M | 1.60M |
| Income Before Tax | 506.00M | 138.00M | -343.00M | -1.81B | 3.82B | -2.76B | -2.66B | -2.88B | -2.10B | -255.00M | -170.00M | -288.00M | 764.00M | 211.39M | 299.47M | 1.69B | 1.44B | 1.22B | 624.94M | 430.75M | 194.62M | -10.39M | 337.70M | 70.56M | 24.70M | 99.40M | 128.70M | 31.50M | 16.40M | 6.40M | 12.80M | 5.40M | 8.70M | 52.00M | 5.10M | 1.40M | 1.00M | 900.00K | -7.70M |
| Income Before Tax Ratio | 9.85% | 3.19% | -9.41% | -49.23% | 77.09% | -48.00% | -46.60% | -50.04% | -22.22% | -1.71% | -1.11% | -1.89% | 5.88% | 2.07% | 3.39% | 17.60% | 18.44% | 18.61% | 14.42% | 13.75% | 7.51% | -0.45% | 14.50% | 3.89% | 1.99% | 4.94% | 14.42% | 6.59% | 4.66% | 2.58% | 5.20% | 2.81% | 4.89% | 33.96% | 4.73% | 2.58% | 6.54% | 36.00% | -61.11% |
| Income Tax Expense | 57.00M | 87.00M | 86.00M | 85.00M | 135.00M | 34.00M | 137.00M | 496.00M | -145.00M | 284.00M | 144.00M | 462.00M | 486.00M | 172.08M | 19.55M | 288.81M | 332.76M | 316.52M | 159.17M | 92.67M | 50.60M | -4.36M | 123.05M | 109.45M | 8.50M | 34.60M | 45.00M | 7.00M | 5.10M | 1.80M | 4.90M | 4.20M | 2.80M | 20.40M | 2.20M | 500.00K | 300.00K | 400.00K | -3.60M |
| Net Income | 417.00M | 51.00M | -429.00M | -1.90B | 3.66B | -2.81B | -2.81B | -3.39B | -1.99B | -584.00M | -345.00M | -778.00M | 771.74M | 24.51M | 253.77M | 1.35B | 1.07B | 896.37M | 467.42M | 330.15M | 143.35M | -6.03M | 214.65M | -42.35M | -20.90M | 64.80M | 74.70M | 98.20M | 11.30M | 800.00K | 5.80M | 100.00K | 5.90M | 31.60M | 2.90M | 900.00K | 700.00K | 500.00K | -4.10M |
| Net Income Ratio | 8.12% | 1.18% | -11.77% | -51.53% | 73.90% | -48.94% | -49.36% | -59.00% | -21.04% | -3.92% | -2.26% | -5.11% | 5.94% | 0.24% | 2.87% | 14.10% | 13.67% | 13.62% | 10.79% | 10.54% | 5.53% | -0.26% | 9.22% | -2.33% | -1.69% | 3.22% | 8.37% | 20.54% | 3.21% | 0.32% | 2.36% | 0.05% | 3.31% | 20.64% | 2.69% | 1.66% | 4.58% | 20.00% | -32.54% |
| EPS | 5.79 | 0.72 | -6.13 | -27.13 | 51.93 | -2.82 | -2.84 | -3.82 | -2.55 | -0.75 | -0.45 | -1.02 | 1.03 | 0.03 | 0.12 | 2.04 | 3.16 | 2.59 | 1.56 | 1.23 | 1.13 | -0.05 | 0.47 | -0.10 | -0.05 | 0.17 | 0.49 | 0.46 | 0.10 | 0.02 | -0.02 | 0.00 | 0.07 | 0.39 | 0.04 | 0.01 | 0.01 | 0.01 | -0.05 |
| EPS Diluted | 5.64 | 0.71 | -6.13 | -27.13 | 51.93 | -2.82 | -2.84 | -3.82 | -2.55 | -0.75 | -0.45 | -1.02 | 1.02 | 0.03 | 0.12 | 1.99 | 3.08 | 2.53 | 1.47 | 1.15 | 1.09 | -0.05 | 0.44 | -0.10 | -0.05 | 0.17 | 0.48 | 0.46 | 0.10 | 0.02 | -0.02 | 0.00 | 0.07 | 0.39 | 0.04 | 0.01 | 0.01 | 0.01 | -0.05 |
| Weighted Avg Shares Out | 72.00M | 71.00M | 70.00M | 70.00M | 70.00M | 997.00M | 990.00M | 887.00M | 779.00M | 777.00M | 772.00M | 765.00M | 752.53M | 743.13M | 715.00M | 682.70M | 338.52M | 346.12M | 300.34M | 268.00M | 126.52M | 120.06M | 456.07M | 437.83M | 398.10M | 386.87M | 183.74M | 156.73M | 118.95M | 50.52M | 94.12M | 80.00M | 90.77M | 81.03M | 72.50M | 72.00M | 70.00M | 66.67M | 86.32M |
| Weighted Avg Shares Out (Dil) | 74.00M | 72.00M | 70.00M | 70.00M | 70.00M | 997.00M | 990.00M | 887.00M | 779.00M | 777.00M | 772.00M | 765.00M | 759.57M | 750.13M | 723.00M | 698.18M | 347.76M | 354.83M | 322.29M | 297.37M | 131.76M | 120.06M | 533.02M | 437.83M | 418.00M | 386.87M | 186.78M | 163.40M | 118.95M | 50.52M | 94.12M | 80.00M | 90.77M | 81.03M | 72.50M | 72.00M | 70.00M | 66.67M | 86.32M |
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How Much Upside is Left in Weatherford (WFRD)? Wall Street Analysts Think 27.56%
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HOUSTON, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that Moody's Investors Service ("Moody's") upgraded its Corporate Family Rating to B1 from B2 with Positive Outlook. The upgrade reflects the improvement in...
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Weatherford International plc (WFRD) Q3 2023 Earnings Call Transcript
Weatherford International plc (NASDAQ:WFRD ) Q3 2023 Earnings Call Transcript October 25, 2023 10:00 AM ET Company Participants Girish Saligram - President, Chief Executive Officer Arun Mitra - Executive Vice President, Chief Financial Officer Mohammed Topiwala - Director, Investor Relations,...
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Weatherford Announces Third Quarter 2023 Results and Raises Full-Year Outlook
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Weatherford Announces $550 Million Credit Facility with $300 Million Borrowing Capacity
HOUSTON, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and, the “Company,” “we,” “us” and “our”) announced a five-year credit facility that is effective today with aggregate commitments of $550 million. The facility is comprised of a...
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Source: https://incomestatements.info
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