20-F Filing

NATIONAL ENERGY SERVICES REUNITED CORP. CIK: 1698514 FY 2018

Filing Information

Form Type	20-F
Accession Number	`0001493152-19-003164`
Period End Date	20181231
Filing Date	20190312
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	nesr-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 11 Income Statement 4 Cash Flow Statement 4 Stockholders Equity 45 Comprehensive Income 7

Balance Sheet 11 line items

Line Item	Tag	Value	Unit	Period
Common stock, outstanding	`CommonStockSharesOutstanding`	11.73M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	85.56M	shares	Point-in-time
Goodwill	`Goodwill`	$570.54M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$31.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$230.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$515.47M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$830.99M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$347.17M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$382.08M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$389.43M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$374.68M	USD	Point-in-time

Income Statement 4 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$34.98M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$28.35M	USD	Annual
Net income	`NetIncomeLoss`	$6.74M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.35M	USD	Annual

Cash Flow Statement 4 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$34.98M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$28.35M	USD	Annual
Net income	`NetIncomeLoss`	$6.74M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.35M	USD	Annual

Stockholders Equity 45 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$830.99M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$347.17M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$382.08M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$389.43M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$374.68M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$34.98M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$28.35M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$6.74M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$8.35M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-16.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-45.00K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.65M	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$1.03M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$372.00K	USD	Annual
Disposal of noncontrolling interest	`DisposalOfNoncontrollingInterest`	$58.00K	USD	Annual
Conversion of redeemable shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Conversion of redeemable shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	2 Qtrs
Acquisition of non-controlling interest during the period	`AcquisitionOfNoncontrollingInterestDuringPeriod`	-	USD	2 Qtrs
Acquisition of non-controlling interest during the period	`AcquisitionOfNoncontrollingInterestDuringPeriod`	$-1.53M	USD	Annual
Amount of provision for Zakat	`AmountOfProvisionForZakat`	$-766.00K	USD	2 Qtrs
Amount of provision for Zakat	`AmountOfProvisionForZakat`	$-1.50M	USD	Annual
Amount of provision for Zakat	`AmountOfProvisionForZakat`	$-960.00K	USD	Annual
Dividends paid	`DividendPaid`	$-20.00M	USD	Annual
Dividends paid	`DividendPaid`	$-48.21M	USD	2 Qtrs
Reclassification of shares previously subject to redemption	`ReclassificationOfSharesPreviouslySubjectToRedemption`	$165.19M	USD	Annual
Reclassification of shares previously subject to redemption	`ReclassificationOfSharesPreviouslySubjectToRedemption`	$165.19M	USD	2 Qtrs
Reclassification of shares previously subject to redemption, shares	`ReclassificationOfSharesPreviouslySubjectToRedemptionShares`	16.92M	shares	Annual
Redeemed shares	`StockRedeemedOrCalledDuringPeriodValue`	$-19.38M	USD	2 Qtrs
Redeemed shares	`StockRedeemedOrCalledDuringPeriodValue`	$-19.38M	USD	Annual
Redeemed shares, shares	`StockRedeemedOrCalledDuringPeriodShares`	1.92M	shares	Annual
Shares issued to acquire NPS	`StockIssuedDuringPeriodValueAcquisitions`	$255.54M	USD	2 Qtrs
Shares issued to acquire GES	`StockIssuedDuringPeriodValueAcquisitionsOne`	$288.85M	USD	2 Qtrs
Shares issued to related party for loan fee and transaction costs	`SharesIssuedToRelatedPartyForLoanFeeAndTransactionCosts`	$2.72M	USD	2 Qtrs
Shares issued in secondary offering	`StockIssuedDuringPeriodValueNewIssues`	$48.29M	USD	2 Qtrs
Shares issued for IPO underwriting fees	`StockIssuedDuringPeriodValueIssuedForServices`	$3.74M	USD	Annual
Shares issued for IPO underwriting fees	`StockIssuedDuringPeriodValueIssuedForServices`	$3.74M	USD	2 Qtrs
Shares issued for IPO underwriting fees, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	307,465.00	shares	Annual
Business combination non-controlling interest	`MinorityInterestDecreaseFromRedemptions`	$-2.00M	USD	2 Qtrs
Other	`StockIssuedDuringPeriodValueOther`	$47.00K	USD	2 Qtrs
Non-controlling interest derecognized due to sale of subsidiary	`NoncontrollingInterest`	-	USD	2 Qtrs
Balance at end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$830.99M	USD	Point-in-time
Balance at end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$347.17M	USD	Point-in-time
Balance at end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$382.08M	USD	Point-in-time
Balance at end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$389.43M	USD	Point-in-time
Balance at end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$374.68M	USD	Point-in-time

Comprehensive Income 7 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$34.98M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$28.35M	USD	Annual
Net income	`NetIncomeLoss`	$6.74M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.35M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-16.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-45.00K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.65M	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.