Cash flow Liberty Energy Inc.

Equities

LBRT

US53115L1044

Oil Related Services and Equipment

Market Closed - Nyse Other stock markets 04:00:02 2025-01-24 pm EST			5-day change	1st Jan Change
22.20 ^USD	-2.33%		-1.90%	+11.61%

Jan. 24	Falcon Oil & Gas Gains 4% on Beetaloo Operational Update	MT
Jan. 24	Falcon Oil & Gas Down Nearly 2% in UK Trading on Beetaloo Operational Update	MT

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Published financial data: LIBERTY ENERGY INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.99B	966M	2.47B	4.15B	4.75B
Total Revenues	1.99B	966M	2.47B	4.15B	4.75B
Cost of Goods Sold, Total	1.62B	858M	2.25B	3.15B	3.35B
Gross Profit	369M	108M	221M	1B	1.4B
Selling General & Admin Expenses, Total	97.59M	84.1M	123M	180M	221M
Depreciation & Amortization - (IS)	165M	180M	263M	323M	422M
Other Operating Expenses	-	-39K	38K	-	-
Other Operating Expenses, Total	263M	264M	386M	503M	643M
Operating Income	106M	-156M	-165M	497M	756M
Interest Expense, Total	-17.48M	-15.06M	-15.6M	-22.72M	-29.49M
Interest And Investment Income	2.8M	560K	2K	-	1.99M
Net Interest Expenses	-14.68M	-14.5M	-15.6M	-22.72M	-27.51M
Other Non Operating Income (Expenses)	-	-	19.04M	-76.19M	1.82M
EBT, Excl. Unusual Items	91.52M	-171M	-162M	398M	730M
Restructuring Charges	-	-12.6M	-	-	-
Merger & Related Restructuring Charges	-	-8.5M	-15.1M	-5.84M	-2.05M
Gain (Loss) On Sale Of Investments	-	-	-	2.52M	-
Gain (Loss) On Sale Of Assets	-2.6M	411K	-779K	4.6M	6.99M
EBT, Incl. Unusual Items	88.92M	-192M	-178M	400M	735M
Income Tax Expense	14.05M	-30.86M	9.22M	-793K	178M
Earnings From Continuing Operations	74.86M	-161M	-187M	400M	556M
Net Income to Company	74.86M	-161M	-187M	400M	556M
Minority Interest	-35.86M	45.09M	7.76M	-700K	-91K
Net Income - (IS)	39M	-116M	-179M	400M	556M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	39M	-116M	-179M	400M	556M
Net Income to Common Excl. Extra Items	39M	-116M	-179M	400M	556M
Per Share Items
Net EPS - Basic	0.54	-1.36	-1.03	2.17	3.24
Basic EPS - Continuing Operations	0.54	-1.36	-1.03	2.17	3.24
Basic Weighted Average Shares Outstanding	72.33M	85.24M	174M	184M	172M
Net EPS - Diluted	0.53	-1.36	-1.03	2.11	3.15
Diluted EPS - Continuing Operations	0.53	-1.36	-1.03	2.11	3.15
Diluted Weighted Average Shares Outstanding	105M	85.24M	174M	189M	176M
Normalized Basic EPS	0.29	-0.72	-0.54	1.35	2.65
Normalized Diluted EPS	0.2	-0.72	-0.54	1.31	2.59
Dividend Per Share	0.2	0.05	-	0.05	0.22
Payout Ratio	37.88	-3.83	-0.09	2.29	6.77
Supplemental Items
EBITDA	272M	23.75M	97.41M	820M	1.18B
EBITA	106M	-156M	-165M	497M	756M
EBIT	106M	-156M	-165M	497M	756M
EBITDAR	295M	52.39M	147M	875M	1.23B
Total Revenues (As Reported)	1.99B	966M	2.47B	4.15B	4.75B
Effective Tax Rate - (Ratio)	15.8	16.11	-5.18	-0.2	24.29
Current Domestic Taxes	-9.36M	-5.31M	29K	7.26M	40.98M
Current Foreign Taxes	-	-	4.11M	4.42M	17.19M
Total Current Taxes	-9.36M	-5.31M	4.14M	11.68M	58.17M
Deferred Domestic Taxes	23.41M	-25.55M	5.69M	-14.15M	121M
Deferred Foreign Taxes	-	-	-607K	1.68M	-1M
Total Deferred Taxes	23.41M	-25.55M	5.08M	-12.47M	120M
Normalized Net Income	21.34M	-61.69M	-93.43M	248M	456M
Interest on Long-Term Debt	17.48M	15.06M	15.6M	1.71M	6.06M
Supplemental Operating Expense Items
General and Administrative Expenses	97.59M	84.1M	123M	180M	221M
Net Rental Expense, Total	23.85M	28.64M	49.57M	54.95M	53.11M
Imputed Operating Lease Interest Expense	21.26M	16.48M	27.19M	33.7M	33.23M
Imputed Operating Lease Depreciation	2.58M	12.16M	22.38M	21.25M	19.88M
Stock-Based Comp., COGS (Total)	-	4.24M	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	12.9M	-	-	-
Stock-Based Comp., Other (Total)	13.59M	-	19.95M	23.11M	33.03M
Total Stock-Based Compensation	13.59M	17.14M	19.95M	23.11M	33.03M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	113M	68.98M	20M	43.68M	36.78M
Total Cash And Short Term Investments	113M	68.98M	20M	43.68M	36.78M
Accounts Receivable, Total	253M	314M	407M	586M	587M
Other Receivables	-	24.71M	5.5M	-	-
Total Receivables	253M	339M	413M	586M	587M
Inventory	88.55M	119M	135M	214M	206M
Prepaid Expenses	34.83M	40.93M	62.83M	105M	123M
Other Current Assets, Total	-	-	-	7.3M	1.5M
Total Current Assets	489M	567M	630M	957M	954M
Gross Property Plant And Equipment	1.22B	1.86B	2.19B	2.64B	3.42B
Accumulated Depreciation	-456M	-623M	-863M	-1.14B	-1.5B
Net Property Plant And Equipment	760M	1.24B	1.33B	1.5B	1.92B
Other Intangibles, Total	-	54M	7.1M	-	-
Accounts Receivable Long-Term	-	-	-	-	14.78M
Deferred Tax Assets Long-Term	-	5.36M	607K	12.59M	-
Other Long-Term Assets, Total	34.34M	27.89M	75.19M	105M	144M
Total Assets	1.28B	1.89B	2.04B	2.58B	3.03B
Liabilities
Accounts Payable, Total	118M	193M	289M	327M	294M
Accrued Expenses, Total	66.2M	57.17M	125M	159M	161M
Current Portion of Long-Term Debt	409K	364K	1.01M	1.02M	-
Current Portion of Leases	39.52M	44.06M	39.77M	38.69M	67.4M
Current Income Taxes Payable	-	-	-	-	12.06M
Unearned Revenue Current, Total	-	-	4.55M	3.86M	-
Other Current Liabilities	42.75M	61.21M	110M	120M	105M
Total Current Liabilities	266M	356M	569M	649M	639M
Long-Term Debt	106M	105M	121M	217M	140M
Long-Term Leases	61.57M	61.75M	81.41M	91.78M	198M
Deferred Tax Liability Non Current	19.66M	-	563K	1.04M	102M
Other Non Current Liabilities	48.48M	56.59M	37.56M	119M	112M
Total Liabilities	502M	580M	810M	1.08B	1.19B
Common Stock, Total	1.13M	1.8M	1.86M	1.79M	1.67M
Additional Paid In Capital	411M	1.13B	1.37B	1.27B	1.09B
Retained Earnings	143M	23.29M	-156M	235M	752M
Comprehensive Income and Other	-	-	-306K	-7.4M	-6.08M
Total Common Equity	555M	1.15B	1.21B	1.5B	1.84B
Minority Interest	227M	159M	17.2M	2.29M	-
Total Equity	781M	1.31B	1.23B	1.5B	1.84B
Total Liabilities And Equity	1.28B	1.89B	2.04B	2.58B	3.03B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	81.65M	165M	184M	176M	167M
ECS Total Common Shares Outstanding	81.62M	158M	183M	179M	167M
Book Value / Share	6.8	7.28	6.62	8.36	11.05
Tangible Book Value	555M	1.1B	1.21B	1.5B	1.84B
Tangible Book Value Per Share	6.8	6.94	6.58	8.36	11.05
Total Debt	207M	212M	244M	349M	405M
Net Debt	94.54M	143M	224M	305M	369M
Debt Equivalent Oper. Leases	191M	229M	397M	440M	425M
Minority Interest, Total (Incl. Fin. Div)	227M	159M	17.2M	2.29M	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	24.09M	30.09M	41.41M	63.74M	34.02M
Inventories - Others	64.46M	88.48M	93.18M	151M	172M
Land - (BS)	5.4M	38.35M	33.81M	29.28M	29.38M
Buildings, Total	29.93M	156M	149M	135M	150M
Machinery, Total	1.05B	1.32B	1.71B	2.1B	2.6B
Full Time Employees	2.57K	1.95K	3.6K	4.58K	5.5K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Assets on Operating Lease - Gross	-	-	-	-	139M
Assets on Operating Lease - Accumulated Depreciation	-	-	-	-	-25.82M
Accumulated Allowance for Doubtful Accounts (Supple)	1.05M	773K	884K	884K	939K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	39M	-116M	-179M	400M	556M
Depreciation & Amortization - CF	165M	180M	263M	323M	422M
Depreciation & Amortization, Total	165M	180M	263M	323M	422M
Amortization of Deferred Charges, Total - (CF)	2.2M	2.23M	2.04M	-	-
(Gain) Loss From Sale Of Asset	2.6M	-411K	779K	-4.6M	-6.99M
Provision for Credit Losses	-	-	745K	-	-
Stock-Based Compensation (CF)	13.59M	17.14M	19.95M	23.11M	33.03M
Provision and Write-off of Bad Debts	1.05M	4.88M	-	-	-
Other Operating Activities, Total	58.82M	-66.23M	-17.9M	67.17M	122M
Change In Accounts Receivable	-6M	62.69M	-90.14M	-192M	-243K
Change In Inventories	-30.48M	2.14M	-24.61M	-84.99M	-114K
Change In Accounts Payable	21.39M	-15.28M	164M	55.93M	-45.13M
Change in Unearned Revenues	-	-	3.45M	-593K	-
Change in Other Net Operating Assets	-6.46M	13.78M	-6.81M	-56.16M	-66.18M
Cash from Operations	261M	85.42M	135M	530M	1.01B
Capital Expenditure	-195M	-104M	-199M	-452M	-603M
Sale of Property, Plant, and Equipment	826K	3.37M	25.41M	23.66M	26.91M
Cash Acquisitions	-	-	-	-	-75.66M
Investment in Marketable and Equity Securities, Total	-	-	-13.11M	-22.42M	-20.28M
Cash from Investing	-194M	-100M	-186M	-451M	-672M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	274M	713M	1.15B
Total Debt Issued	-	-	274M	713M	1.15B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-13.89M	-13.41M	-265M	-625M	-1.25B
Total Debt Repaid	-13.89M	-13.41M	-265M	-625M	-1.25B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-19.44M	-988K	-3.58M	-135M	-213M
Common Dividends Paid	-14.78M	-4.43M	-168K	-9.16M	-37.68M
Common & Preferred Stock Dividends Paid	-14.78M	-4.43M	-168K	-9.16M	-37.68M
Other Financing Activities, Total	-9.27M	-10.04M	-3.08M	120K	-1.79M
Cash from Financing	-57.38M	-28.87M	2.06M	-55.77M	-349M
Foreign Exchange Rate Adjustments	-	-	-9K	-260K	168K
Net Change in Cash	9.38M	-43.71M	-48.98M	23.68M	-6.89M
Supplemental Items
Cash Interest Paid	12.64M	11.22M	13.27M	20.31M	26.65M
Cash Income Tax Paid (Refund)	1.04M	-9.65M	-9.48M	10.74M	66.68M
Levered Free Cash Flow	30.29M	-48.03M	77.38M	-30.56M	263M
Unlevered Free Cash Flow	39.01M	-40.84M	85.09M	-16.36M	281M
Change In Net Working Capital	11.16M	36.72M	-105M	221M	42.23M
Net Debt Issued / Repaid	-13.89M	-13.41M	8.89M	88.3M	-97.11M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.53	-6.16	-5.26	13.46	16.84
Return on Total Capital	7.23	-7.78	-6.9	18.72	23.08
Return On Equity %	9.84	-15.36	-14.72	29.35	33.33
Return on Common Equity	7.9	-13.55	-15.17	29.51	33.35
Margin Analysis
Gross Profit Margin %	18.55	11.16	8.94	24.11	29.46
SG&A Margin	4.9	8.71	4.99	4.34	4.66
EBITDA Margin %	13.64	2.46	3.94	19.77	24.79
EBITA Margin %	5.34	-16.19	-6.69	11.98	15.92
EBIT Margin %	5.34	-16.19	-6.69	11.98	15.92
Income From Continuing Operations Margin %	3.76	-16.64	-7.57	9.65	11.72
Net Income Margin %	1.96	-11.97	-7.25	9.63	11.72
Net Avail. For Common Margin %	1.96	-11.97	-7.25	9.63	11.72
Normalized Net Income Margin	1.07	-6.39	-3.78	5.98	9.61
Levered Free Cash Flow Margin	1.52	-4.97	3.13	-0.74	5.54
Unlevered Free Cash Flow Margin	1.96	-4.23	3.44	-0.39	5.92
Asset Turnover
Asset Turnover	1.66	0.61	1.26	1.8	1.69
Fixed Assets Turnover	2.87	0.97	1.93	2.93	2.78
Receivables Turnover (Average Receivables)	7.95	3.41	6.85	8.35	8.09
Inventory Turnover (Average Inventory)	21.82	8.29	17.77	18.04	15.94
Short Term Liquidity
Current Ratio	1.83	1.59	1.11	1.47	1.49
Quick Ratio	1.37	1.14	0.76	0.97	0.98
Operating Cash Flow to Current Liabilities	0.98	0.24	0.24	0.82	1.59
Days Sales Outstanding (Average Receivables)	45.93	107.41	53.28	43.7	45.11
Days Outstanding Inventory (Average Inventory)	16.72	44.18	20.53	20.23	22.9
Average Days Payable Outstanding	21.92	64.08	38.83	34.8	33.9
Cash Conversion Cycle (Average Days)	40.74	87.5	34.99	29.13	34.11
Long Term Solvency
Total Debt/Equity	26.52	16.15	19.8	23.3	22.01
Total Debt / Total Capital	20.96	13.91	16.53	18.9	18.04
LT Debt/Equity	21.41	12.76	16.49	20.65	18.35
Long-Term Debt / Total Capital	16.92	10.99	13.76	16.75	15.04
Total Liabilities / Total Assets	39.11	30.68	39.7	41.87	39.3
EBIT / Interest Expense	6.07	-10.38	-10.6	21.89	25.62
EBITDA / Interest Expense	16.9	3.48	9.42	38.53	41.71
(EBITDA - Capex) / Interest Expense	5.73	-3.4	-3.32	18.63	21.26
Total Debt / EBITDA	0.7	4.04	1.66	0.4	0.33
Net Debt / EBITDA	0.32	2.72	1.52	0.35	0.3
Total Debt / (EBITDA - Capex)	2.07	-4.13	-4.7	0.82	0.65
Net Debt / (EBITDA - Capex)	0.94	-2.78	-4.32	0.72	0.59
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-7.65	-51.48	155.83	67.93	14.43
Gross Profit, 1 Yr. Growth %	-29.87	-70.8	104.86	352.87	39.83
EBITDA, 1 Yr. Growth %	-36.45	-91.26	310.21	741.61	43.53
EBITA, 1 Yr. Growth %	-64.86	-247.21	5.76	-400.73	52
EBIT, 1 Yr. Growth %	-64.86	-247.21	5.76	-400.73	52
Earnings From Cont. Operations, 1 Yr. Growth %	-69.94	-314.62	16.39	-314.06	39
Net Income, 1 Yr. Growth %	-71.12	-396.34	55.08	-322.94	39.22
Normalized Net Income, 1 Yr. Growth %	-66.76