Precision Historical Income Statement
| PDS Stock | USD 68.86 1.32 1.88% |
Historical analysis of Precision Drilling income statement accounts such as Other Operating Expenses of 1.3 B, Operating Income of 319.2 M, EBIT of 154.1 M or Ebitda of 446.1 M can show how well Precision Drilling performed in making a profits. Evaluating Precision Drilling income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Precision Drilling's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Precision Drilling latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Precision Drilling is a good buy for the upcoming year.
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About Precision Income Statement Analysis
Precision Drilling Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Precision Drilling shareholders. The income statement also shows Precision investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Precision Drilling Income Statement Chart
Precision Drilling Income Statement is one of the three primary financial statements used for reporting Precision's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Precision Drilling revenue and expense. Precision Drilling Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Precision Drilling's Interest Expense is comparatively stable compared to the past year. Operating Income is likely to gain to about 319.2 M in 2024, whereas Total Revenue is likely to drop slightly above 1.5 B in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Precision Drilling generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Precision Drilling. It is also known as Precision Drilling overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Precision Drilling income statement and represents the costs associated with goods and services Precision Drilling provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Precision Drilling's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Precision Drilling current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precision Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy Precision Stock please use our How to Invest in Precision Drilling guide.At this time, Precision Drilling's Interest Expense is comparatively stable compared to the past year. Operating Income is likely to gain to about 319.2 M in 2024, whereas Total Revenue is likely to drop slightly above 1.5 B in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 91.4M | 87.8M | 84.8M | 118.0M | Depreciation And Amortization | 282.3M | 279.0M | 307.1M | 234.3M |
Precision Drilling income statement Correlations
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Precision Drilling Account Relationship Matchups
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Precision Drilling income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 333.6M | 316.3M | 282.3M | 279.0M | 307.1M | 234.3M | |
| Interest Expense | 118.5M | 107.5M | 91.4M | 87.8M | 84.8M | 118.0M | |
| Total Revenue | 1.5B | 935.8M | 986.8M | 1.6B | 1.9B | 1.5B | |
| Gross Profit | 168.7M | 36.0M | 6.4M | 213.6M | 426.2M | 301.9M | |
| Other Operating Expenses | 1.5B | 970.6M | 1.1B | 1.6B | 1.6B | 1.3B | |
| Operating Income | 44.5M | (34.9M) | (89.6M) | 32.6M | 304.0M | 319.2M | |
| Ebit | 44.5M | (34.9M) | (89.6M) | 32.6M | 304.0M | 154.1M | |
| Ebitda | 378.1M | 281.5M | 192.8M | 311.6M | 611.1M | 446.1M | |
| Cost Of Revenue | 1.4B | 899.7M | 980.5M | 1.4B | 1.5B | 1.1B | |
| Total Operating Expenses | 124.3M | 70.9M | 95.9M | 181.0M | 122.2M | 151.8M | |
| Income Before Tax | (8.3M) | (109.2M) | (182.8M) | (14.1M) | 265.8M | 279.1M | |
| Total Other Income Expense Net | (52.8M) | (74.3M) | (93.2M) | (46.7M) | (38.2M) | (40.1M) | |
| Net Income | 6.6M | (120.1M) | (177.4M) | (34.3M) | 289.2M | 303.7M | |
| Income Tax Expense | (15.0M) | 11.0M | (5.4M) | 20.2M | (23.5M) | (22.3M) | |
| Selling General Administrative | 104.0M | 70.9M | 95.9M | 181.0M | 122.2M | 116.5M | |
| Net Income From Continuing Ops | 6.6M | (120.1M) | (177.4M) | (34.3M) | 146.0M | 153.3M | |
| Net Income Applicable To Common Shares | 6.6M | (120.1M) | (177.4M) | (34.3M) | (30.9M) | (29.3M) | |
| Tax Provision | (15.0M) | 11.0M | (5.4M) | 20.2M | 54.4M | 57.1M | |
| Interest Income | 109.7M | 112.0M | 92.2M | 76.6M | 1.4M | 1.3M | |
| Net Interest Income | (118.5M) | (107.5M) | (91.4M) | (87.8M) | (87.5M) | (91.8M) | |
| Reconciled Depreciation | 333.6M | 316.3M | 282.3M | 279.0M | 290.2M | 256.6M |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precision Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy Precision Stock please use our How to Invest in Precision Drilling guide.Note that the Precision Drilling information on this page should be used as a complementary analysis to other Precision Drilling's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Precision Stock analysis
When running Precision Drilling's price analysis, check to measure Precision Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Precision Drilling is operating at the current time. Most of Precision Drilling's value examination focuses on studying past and present price action to predict the probability of Precision Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precision Drilling's price. Additionally, you may evaluate how the addition of Precision Drilling to your portfolios can decrease your overall portfolio volatility.
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Is Precision Drilling's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Precision Drilling. If investors know Precision will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Precision Drilling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.55) | Earnings Share 12.06 | Revenue Per Share 136.766 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0524 |
The market value of Precision Drilling is measured differently than its book value, which is the value of Precision that is recorded on the company's balance sheet. Investors also form their own opinion of Precision Drilling's value that differs from its market value or its book value, called intrinsic value, which is Precision Drilling's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Precision Drilling's market value can be influenced by many factors that don't directly affect Precision Drilling's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Precision Drilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precision Drilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precision Drilling's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.