6-K Filing

NATIONAL ENERGY SERVICES REUNITED CORP. CIK: 1698514 Q1 2019

Filing Information

Form Type	6-K
Accession Number	`0001493152-19-006854`
Period End Date	20190331
Filing Date	20190513
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	nesr-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 2 Cash Flow Statement 6 Stockholders Equity 17 Comprehensive Income 3

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.89M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$62.64M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$85.12M	USD	Point-in-time
Unbilled revenue	`UnbilledReceivablesCurrent`	$95.14M	USD	Point-in-time
Unbilled revenue	`UnbilledReceivablesCurrent`	$88.89M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Service Inventories, net	`InventoryNet`	$58.15M	USD	Point-in-time
Service Inventories, net	`InventoryNet`	$60.59M	USD	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$6.96M	USD	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$6.94M	USD	Point-in-time
Retention withholdings	`RetentionWithholdings`	$22.66M	USD	Point-in-time
Retention withholdings	`RetentionWithholdings`	$22.01M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	86.90M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$30.64M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	11.73M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$29.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$299.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$314.79M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$336.47M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$328.73M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$138.05M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$134.22M	USD	Point-in-time
Goodwill	`Goodwill`	$570.54M	USD	Point-in-time
Goodwill	`Goodwill`	$570.54M	USD	Point-in-time
Other assets	`OtherAssets`	$4.17M	USD	Point-in-time
Other assets	`OtherAssets`	$6.34M	USD	Point-in-time
Total assets	`Assets`	$1.36B	USD	Point-in-time
Total assets	`Assets`	$1.34B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$66.26M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$81.35M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$38.99M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$48.52M	USD	Point-in-time
Current portion of loans and borrowings	`LoansPayableCurrent`	$45.69M	USD	Point-in-time
Current portion of loans and borrowings	`LoansPayableCurrent`	$45.09M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$24.45M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$31.82M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$10.99M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$10.61M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$18.34M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$29.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$223.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$228.97M	USD	Point-in-time
Loans and borrowings	`LongTermLoansPayable`	$213.66M	USD	Point-in-time
Loans and borrowings	`LongTermLoansPayable`	$225.17M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$29.76M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$30.76M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$33.31M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$32.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$512.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$504.79M	USD	Point-in-time
Commitments (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.03M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$12.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$41.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$28.30M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$48.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$48.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$855.39M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$830.92M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$67.00K	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	-	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$830.99M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$389.43M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$346.32M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$855.39M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.34B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.36B	USD	Point-in-time

Income Statement 2 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$13.17M	USD	1 Quarter
Net income	`ProfitLoss`	$5.45M	USD	1 Quarter

Cash Flow Statement 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$13.17M	USD	1 Quarter
Net income	`ProfitLoss`	$5.45M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.93M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.89M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.93M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.89M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$830.99M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$389.43M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$346.32M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$855.39M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$13.17M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$5.45M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.00K	USD	1 Quarter
Dividends paid	`DividendPaid`	$-48.21M	USD	1 Quarter
Amount of provision for Zakat	`AmountOfProvisionForZakat`	$-357.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$740.00K	USD	1 Quarter
Other	`StockIssuedDuringPeriodValueOther`	$1.00K	USD	1 Quarter
Acquisition of non-controlling interest during the period	`AcquisitionOfNoncontrollingInterestDuringPeriod`	-	USD	1 Quarter
NPS equity earn-out	`NpsEquityEarnout`	$10.48M	USD	1 Quarter
Balance at end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$830.99M	USD	Point-in-time
Balance at end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$389.43M	USD	Point-in-time
Balance at end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$346.32M	USD	Point-in-time
Balance at end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$855.39M	USD	Point-in-time

Comprehensive Income 3 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$13.17M	USD	1 Quarter
Net income	`ProfitLoss`	$5.45M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.00K	USD	1 Quarter

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