Patterson Historical Income Statement

PTEN Stock

USD 8.62 0.06 0.69%

Historical analysis of Patterson UTI income statement accounts such as Other Operating Expenses of 4 B, Operating Income of 369.6 M, EBIT of 470.6 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

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

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 closely tied 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

At this time, Patterson UTI's EBIT is very stable compared to the past year. As of the 25th of November 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 closely tied 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		-0.01	0.28	0.2	0.27	0.21	-0.2	0.48	0.25	0.12	0.12	-0.19	0.02	0.35	0.17	0.38	0.04	-0.21	-0.29	0.27	0.26	0.33	-0.23	-0.36	-0.22
Interest Expense	-0.01		0.47	-0.28	0.69	-0.36	-0.09	-0.09	0.71	-0.04	-0.37	-0.2	-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	0.28	0.47		0.64	0.95	0.56	0.53	0.66	0.93	0.29	0.55	-0.03	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	0.2	-0.28	0.64		0.37	0.91	0.79	0.84	0.3	0.57	0.94	0.25	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	0.27	0.69	0.95	0.37		0.29	0.33	0.47	0.99	0.2	0.27	-0.16	0.28	0.16	0.89	0.77	0.32	0.0	-0.12	0.48	-0.29	-0.14	-0.15	-0.59	-0.34
Operating Income	0.21	-0.36	0.56	0.91	0.29		0.7	0.77	0.25	0.35	0.96	0.1	0.93	0.78	-0.02	0.04	0.93	-0.67	-0.25	0.14	0.59	0.26	-0.22	-0.38	0.31
Ebit	-0.2	-0.09	0.53	0.79	0.33	0.7		0.76	0.27	0.46	0.76	0.29	0.75	0.55	0.28	0.02	0.76	-0.47	-0.39	0.41	-0.02	0.16	-0.41	-0.52	-0.1
Ebitda	0.48	-0.09	0.66	0.84	0.47	0.77	0.76		0.41	0.49	0.76	0.13	0.69	0.72	0.36	0.27	0.71	-0.57	-0.55	0.54	0.15	0.36	-0.52	-0.7	-0.24
Cost Of Revenue	0.25	0.71	0.93	0.3	0.99	0.25	0.27	0.41		0.09	0.23	-0.16	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	0.12	-0.04	0.29	0.57	0.2	0.35	0.46	0.49	0.09		0.34	-0.01	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	0.12	-0.37	0.55	0.94	0.27	0.96	0.76	0.76	0.23	0.34		0.34	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	-0.19	-0.2	-0.03	0.25	-0.16	0.1	0.29	0.13	-0.16	-0.01	0.34		0.34	0.26	-0.11	-0.04	0.33	-0.33	-0.6	0.24	-0.05	0.17	-0.63	0.09	-0.26
Net Income	0.02	-0.35	0.55	0.89	0.28	0.93	0.75	0.69	0.25	0.28	0.97	0.34		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	0.35	-0.33	0.4	0.8	0.16	0.78	0.55	0.72	0.11	0.4	0.8	0.26	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	0.17	0.85	0.76	0.13	0.89	-0.02	0.28	0.36	0.88	0.12	-0.02	-0.11	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	0.38	0.64	0.68	0.17	0.77	0.04	0.02	0.27	0.75	0.29	0.03	-0.04	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	0.04	-0.32	0.58	0.89	0.32	0.93	0.76	0.71	0.28	0.28	0.97	0.33	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	-0.21	0.55	-0.2	-0.54	0.0	-0.67	-0.47	-0.57	0.01	-0.05	-0.71	-0.33	-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	-0.29	-0.04	-0.2	-0.32	-0.12	-0.25	-0.39	-0.55	-0.09	-0.09	-0.36	-0.6	-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	0.27	0.41	0.49	0.29	0.48	0.14	0.41	0.54	0.46	0.12	0.22	0.24	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	0.26	-0.69	-0.08	0.44	-0.29	0.59	-0.02	0.15	-0.31	0.13	0.53	-0.05	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	0.33	-0.57	-0.01	0.29	-0.14	0.26	0.16	0.36	-0.15	-0.04	0.3	0.17	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	-0.23	0.09	-0.27	-0.42	-0.15	-0.22	-0.41	-0.52	-0.13	-0.02	-0.37	-0.63	-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	-0.36	-0.36	-0.62	-0.41	-0.59	-0.38	-0.52	-0.7	-0.56	-0.09	-0.34	0.09	-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	-0.22	-0.62	-0.22	0.13	-0.34	0.31	-0.1	-0.24	-0.33	-0.03	0.24	-0.26	0.29	0.04	-0.64	-0.32	0.26	-0.33	0.54	-0.67	0.66	0.28	0.39	0.46

Click cells to compare fundamentals

Patterson UTI Account Relationship Matchups

Patterson UTI income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	171.9K	672.2M	849.4M	228.5K	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	3.8B	4.0B
Operating Income	(461.6M)	(892.3M)	(677.8M)	(273.8M)	352.0M	369.6M
Ebit	(437.5M)	(886.7M)	(678.0M)	210.0M	448.2M	470.6M
Ebitda	(437.4M)	(214.5M)	171.4M	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	(44.9M)	(42.6M)
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

Pair Trading with Patterson UTI

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Patterson UTI position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Patterson UTI will appreciate offsetting losses from the drop in the long position's value.

Moving together with Patterson Stock

0.66	NE	Noble plc	Pair Corr
0.87	PDS	Precision Drilling	Pair Corr
0.75	RIG	Transocean Aggressive Push	Pair Corr

Moving against Patterson Stock

0.39

SOC

Sable Offshore Corp Symbol Change

Pair Corr

The ability to find closely correlated positions to Patterson UTI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patterson UTI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Patterson UTI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Patterson UTI Energy to buy it.

The correlation of Patterson UTI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Patterson UTI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patterson UTI Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Patterson UTI can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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

Details

Is Patterson Stock a good investment?

Details

What is Patterson UTI's Net Worth?

Details

Largest Energy Equipment & Services Companies

View

Largest Oil & Gas Drilling Companies

View

You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

Is Energy Equipment & Services space 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

(0.93)

Dividend Share

0.32

Earnings Share

(2.20)

Revenue Per Share

14.352

Quarterly Revenue Growth

0.342

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

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

Pair Trading with Patterson UTI

Moving together with Patterson Stock

Moving against Patterson Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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
Discontinued Operations	- 0.7	Ebitda
Interest Income	- 0.69	Interest Expense
Discontinued Operations	- 0.68	Selling General Administrative