Patterson Historical Income Statement

PTEN Stock

USD 11.60 0.26 2.29%

Historical analysis of Patterson UTI income statement accounts such as Other Operating Expenses of 3.9 B, Operating Income of 454.6 M, EBIT of 454.6 M or Ebitda of 1.2 B can show how well Patterson UTI Energy performed in making a profits. Evaluating Patterson UTI income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Patterson UTI's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Patterson UTI Energy 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 Patterson UTI Energy is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson UTI Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

About Patterson Income Statement Analysis

Patterson UTI Energy 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 Patterson UTI shareholders. The income statement also shows Patterson 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).

Patterson UTI Income Statement Chart

Patterson UTI Energy Income Statement is one of the three primary financial statements used for reporting Patterson's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Patterson UTI Energy revenue and expense. Patterson UTI Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Patterson UTI's EBIT is very stable compared to the past year. As of the 24th of April 2024, EBITDA is likely to grow to about 1.2 B, while Total Operating Expenses is likely to drop about 133.2 M.

Total Revenue Other Operating Expenses Cost Of Revenue Total Operating Expenses

Total Revenue

Total revenue comprises all receipts Patterson UTI Energy 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 Patterson UTI Energy. It is also known as Patterson UTI 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 Patterson UTI Energy income statement and represents the costs associated with goods and services Patterson UTI 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.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most accounts from Patterson UTI's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Patterson UTI Energy 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 Patterson UTI Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	93.1M	104.0M	170.8M	133.2M
Cost Of Revenue	1.9B	2.3B	3.5B	3.7B

Total Operating Expenses Cost Of Revenue

Patterson UTI income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Extraordinary Items	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Discontinued Operations	Selling And Marketing Expenses
Depreciation And Amortization		0.14	0.56	0.29	0.54	0.25	-0.18	0.33	0.55	0.01	0.22	-0.24	0.31	-0.07	0.38	0.52	0.33	-0.18	0.11	-0.01	0.0	0.45	-0.28	-0.28	0.33
Interest Expense	0.14		0.47	-0.28	0.69	-0.32	-0.19	-0.11	0.71	-0.04	-0.37	-0.26	-0.35	-0.33	0.85	0.64	-0.32	0.55	-0.04	0.41	-0.69	-0.57	0.09	-0.36	-0.62
Total Revenue	0.56	0.47		0.64	0.95	0.58	0.45	0.71	0.93	0.29	0.55	-0.16	0.55	0.4	0.76	0.68	0.58	-0.2	-0.2	0.49	-0.08	-0.01	-0.27	-0.62	-0.22
Gross Profit	0.29	-0.28	0.64		0.36	0.92	0.83	0.94	0.3	0.57	0.94	0.16	0.89	0.8	0.13	0.17	0.89	-0.54	-0.32	0.29	0.44	0.29	-0.42	-0.41	0.13
Other Operating Expenses	0.54	0.69	0.95	0.36		0.32	0.21	0.47	0.99	0.2	0.26	-0.27	0.28	0.16	0.88	0.77	0.31	0.01	-0.1	0.47	-0.29	-0.15	-0.13	-0.57	-0.33
Operating Income	0.25	-0.32	0.58	0.92	0.32		0.8	0.89	0.28	0.35	0.96	0.0	0.93	0.78	0.03	0.06	0.93	-0.67	-0.28	0.17	0.56	0.27	-0.24	-0.43	0.27
Ebit	-0.18	-0.19	0.45	0.83	0.21	0.8		0.87	0.15	0.49	0.79	0.14	0.71	0.78	0.15	-0.04	0.72	-0.45	-0.55	0.47	0.27	0.09	-0.4	-0.56	-0.24
Ebitda	0.33	-0.11	0.71	0.94	0.47	0.89	0.87		0.42	0.48	0.87	0.01	0.84	0.71	0.34	0.22	0.86	-0.53	-0.47	0.44	0.26	0.32	-0.52	-0.68	-0.06
Cost Of Revenue	0.55	0.71	0.93	0.3	0.99	0.28	0.15	0.42		0.09	0.23	-0.27	0.25	0.11	0.88	0.75	0.28	0.01	-0.09	0.46	-0.31	-0.15	-0.13	-0.56	-0.33
Total Operating Expenses	0.01	-0.04	0.29	0.57	0.2	0.35	0.49	0.48	0.09		0.34	-0.03	0.28	0.4	0.12	0.29	0.28	-0.05	-0.09	0.12	0.13	-0.04	-0.02	-0.09	-0.03
Income Before Tax	0.22	-0.37	0.55	0.94	0.26	0.96	0.79	0.87	0.23	0.34		0.26	0.97	0.8	-0.02	0.03	0.97	-0.71	-0.36	0.22	0.53	0.3	-0.37	-0.34	0.24
Total Other Income Expense Net	-0.24	-0.26	-0.16	0.16	-0.27	0.0	0.14	0.01	-0.27	-0.03	0.26		0.26	0.21	-0.24	-0.1	0.24	-0.28	-0.46	0.11	0.0	0.13	-0.51	0.27	-0.16
Net Income	0.31	-0.35	0.55	0.89	0.28	0.93	0.71	0.84	0.25	0.28	0.97	0.26		0.63	0.01	0.03	1.0	-0.73	-0.37	0.1	0.47	0.34	-0.39	-0.35	0.29
Income Tax Expense	-0.07	-0.33	0.4	0.8	0.16	0.78	0.78	0.71	0.11	0.4	0.8	0.21	0.63		-0.09	0.02	0.63	-0.48	-0.24	0.45	0.55	0.1	-0.21	-0.22	0.04
Selling General Administrative	0.38	0.85	0.76	0.13	0.88	0.03	0.15	0.34	0.88	0.12	-0.02	-0.24	0.01	-0.09		0.7	0.05	0.22	-0.26	0.6	-0.62	-0.2	-0.28	-0.68	-0.64
Extraordinary Items	0.52	0.64	0.68	0.17	0.77	0.06	-0.04	0.22	0.75	0.29	0.03	-0.1	0.03	0.02	0.7		0.06	0.09	-0.13	0.25	-0.37	-0.02	-0.17	-0.33	-0.32
Net Income From Continuing Ops	0.33	-0.32	0.58	0.89	0.31	0.93	0.72	0.86	0.28	0.28	0.97	0.24	1.0	0.63	0.05	0.06		-0.72	-0.39	0.12	0.44	0.34	-0.41	-0.38	0.26
Non Recurring	-0.18	0.55	-0.2	-0.54	0.01	-0.67	-0.45	-0.53	0.01	-0.05	-0.71	-0.28	-0.73	-0.48	0.22	0.09	-0.72		0.45	-0.07	-0.39	-0.64	0.38	0.21	-0.33
Non Operating Income Net Other	0.11	-0.04	-0.2	-0.32	-0.1	-0.28	-0.55	-0.47	-0.09	-0.09	-0.36	-0.46	-0.37	-0.24	-0.26	-0.13	-0.39	0.45		-0.49	0.17	-0.28	0.76	0.55	0.54
Tax Provision	-0.01	0.41	0.49	0.29	0.47	0.17	0.47	0.44	0.46	0.12	0.22	0.11	0.1	0.45	0.6	0.25	0.12	-0.07	-0.49		-0.3	-0.1	-0.45	-0.59	-0.67
Interest Income	0.0	-0.69	-0.08	0.44	-0.29	0.56	0.27	0.26	-0.31	0.13	0.53	0.0	0.47	0.55	-0.62	-0.37	0.44	-0.39	0.17	-0.3		0.15	0.2	0.25	0.66
Net Interest Income	0.45	-0.57	-0.01	0.29	-0.15	0.27	0.09	0.32	-0.15	-0.04	0.3	0.13	0.34	0.1	-0.2	-0.02	0.34	-0.64	-0.28	-0.1	0.15		-0.62	-0.16	0.28
Reconciled Depreciation	-0.28	0.09	-0.27	-0.42	-0.13	-0.24	-0.4	-0.52	-0.13	-0.02	-0.37	-0.51	-0.39	-0.21	-0.28	-0.17	-0.41	0.38	0.76	-0.45	0.2	-0.62		0.48	0.39
Discontinued Operations	-0.28	-0.36	-0.62	-0.41	-0.57	-0.43	-0.56	-0.68	-0.56	-0.09	-0.34	0.27	-0.35	-0.22	-0.68	-0.33	-0.38	0.21	0.55	-0.59	0.25	-0.16	0.48		0.46
Selling And Marketing Expenses	0.33	-0.62	-0.22	0.13	-0.33	0.27	-0.24	-0.06	-0.33	-0.03	0.24	-0.16	0.29	0.04	-0.64	-0.32	0.26	-0.33	0.54	-0.67	0.66	0.28	0.39	0.46

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Patterson UTI Account Relationship Matchups

Patterson UTI income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	24.2M	441.0M	10.5M	483.9M	731.4M	768.0M
Interest Expense	75.2M	40.8M	42.0M	40.3M	52.9M	55.5M
Total Revenue	2.5B	1.1B	1.4B	2.6B	4.1B	4.4B
Gross Profit	(306.9M)	(348.6M)	(574.0M)	317.1M	603.7M	633.9M
Other Operating Expenses	2.9B	1.6B	2.0B	2.4B	3.7B	3.9B
Operating Income	(461.6M)	(892.3M)	(677.8M)	(273.8M)	432.9M	454.6M
Ebit	(461.6M)	(892.3M)	(677.8M)	(273.8M)	432.9M	454.6M
Ebitda	(437.4M)	(451.2M)	(667.2M)	210.2M	1.2B	1.2B
Cost Of Revenue	2.8B	1.5B	1.9B	2.3B	3.5B	3.7B
Total Operating Expenses	136.9M	104.7M	93.1M	104.0M	170.8M	133.2M
Income Before Tax	(530.4M)	(931.0M)	(719.8M)	167.9M	307.1M	322.5M
Total Other Income Expense Net	(68.8M)	(38.8M)	(42.0M)	441.6M	(125.8M)	(119.5M)
Net Income	(425.7M)	(803.7M)	(657.1M)	154.7M	246.3M	258.6M
Income Tax Expense	(104.7M)	(127.3M)	(62.7M)	13.2M	61.2M	64.2M
Selling General Administrative	133.5M	97.6M	92.4M	116.6M	170.0M	178.5M
Net Income Applicable To Common Shares	(425.7M)	(803.7M)	(654.5M)	154.7M	139.2M	146.2M
Net Income From Continuing Ops	(425.7M)	(803.7M)	(657.1M)	154.7M	284.1M	298.3M
Research Development	3.8M	3.4M	1.4M	992K	1.1M	1.0M
Tax Provision	(104.7M)	(127.3M)	(62.7M)	13.2M	38.1M	40.0M
Interest Income	6.0M	1.3M	222K	360K	4.9M	5.0M
Net Interest Income	(69.2M)	(39.5M)	(41.8M)	(39.9M)	(37.4M)	(39.3M)
Reconciled Depreciation	1.0B	670.9M	849.2M	483.9M	575.9M	603.8M

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When determining whether Patterson UTI Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson UTI's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patterson Uti Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Uti Energy Stock:

How To Invest In Patterson

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Is Patterson Stock a good investment?

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What is Patterson UTI's Net Worth?

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Note that the Patterson UTI Energy information on this page should be used as a complementary analysis to other Patterson UTI'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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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When running Patterson UTI's price analysis, check to measure Patterson UTI'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 Patterson UTI is operating at the current time. Most of Patterson UTI's value examination focuses on studying past and present price action to predict the probability of Patterson UTI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patterson UTI's price. Additionally, you may evaluate how the addition of Patterson UTI to your portfolios can decrease your overall portfolio volatility.

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Is Patterson UTI'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 Patterson UTI. If investors know Patterson 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 Patterson UTI 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

(0.68)

Dividend Share

0.32

Earnings Share

0.88

Revenue Per Share

14.835

Quarterly Revenue Growth

1.009

The market value of Patterson UTI Energy is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson UTI's value that differs from its market value or its book value, called intrinsic value, which is Patterson UTI'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 Patterson UTI's market value can be influenced by many factors that don't directly affect Patterson UTI'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 Patterson UTI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson UTI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson UTI'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.

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Patterson Historical Income Statement

About Patterson Income Statement Analysis

Patterson UTI Income Statement Chart

Total Revenue

Other Operating Expenses

Cost Of Revenue

Total Operating Expenses

Patterson UTI income statement Correlations

Patterson UTI Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Patterson UTI income statement Accounts

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COMMON DESTINATIONS

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Net Income From Continuing Ops	+ 1.0	Net Income
Cost Of Revenue	+ 0.99	Other Operating Expenses
Net Income	+ 0.97	Income Before Tax
Net Income From Continuing Ops	+ 0.97	Income Before Tax
Income Before Tax	+ 0.96	Operating Income
Other Operating Expenses	+ 0.95	Total Revenue

Non Recurring	- 0.73	Net Income
Non Recurring	- 0.72	Net Income From Continuing Ops
Non Recurring	- 0.71	Income Before Tax
Interest Income	- 0.69	Interest Expense
Discontinued Operations	- 0.68	Selling General Administrative
Discontinued Operations	- 0.68	Ebitda