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Precision Drilling (PDS) Financials

Precision Drilling logo
$93.19 +0.01 (+0.02%)
Closing price 05/13/2026 03:59 PM Eastern
Extended Trading
$93.03 -0.16 (-0.18%)
As of 07:03 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Precision Drilling

Annual Income Statements for Precision Drilling

This table shows Precision Drilling's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -116 -98 -216 -16 -56 -139 -25 219 77 3.60
Consolidated Net Income / (Loss)		 -116 -105 -216 5.10 -94 -139 -25 219 77 2.26
Net Income / (Loss) Continuing Operations		 -116 -98 -217 -16 -56 -139 -25 213 67 3.60
Total Pre-Tax Income 		-230 -184 -237 -6.43 -56 -143 -10 201 107 41
Total Operating Income		 -124 -70 -164 45 -56 -70 -35 238 147 82
Total Gross Profit		 368 314 347 387 0.00 226 296 555 454 398
Total Revenue		 860 1,050 1,129 1,188 0.00 772 1,127 1,468 1,321 1,300
Operating Revenue		 860 1,050 1,129 1,188 - 772 1,127 1,468 1,321 1,300
Total Cost of Revenue		 492 736 782 801 0.00 546 831 912 867 903
Operating Cost of Revenue		 492 - - - - - 831 - - 903
Total Operating Expenses		 492 384 511 342 56 296 331 318 307 315
Selling, General & Admin Expense		 80 72 82 80 56 75 134 93 92 83
Depreciation Expense		 291 300 276 257 - 221 206 225 215 232
Other Operating Expenses / (Income)		 116 - - - - 0.31 -9.20 - - 0.00
Total Other Income / (Expense), net		 -108 -107 -96 -85 0.00 -72 9.50 -42 -50 -79
Interest Expense		 109 110 93 91 - 72 - 63 48 0.00
Other Income / (Expense), net		 -4.47 2.36 -2.94 6.72 - - 9.50 21 -1.57 -79
Weighted Average Basic Shares Outstanding		 -0.53 293.24M 293.78M 277.30M 13.46M 13.30M 13.56M 14.34M 13.78M 12.93M
Weighted Average Diluted Shares Outstanding		 - 293.24M 293.78M 277.30M 13.46M 13.30M 13.56M 14.34M 13.78M 12.93M
Weighted Average Basic & Diluted Shares Outstanding		 - 293.24M 293.78M 277.30M 13.46M 13.30M 13.56M 14.34M 13.78M 12.93M

Quarterly Income Statements for Precision Drilling

No quarterly income statements for Precision Drilling are available.

Annual Cash Flow Statements for Precision Drilling

This table details how cash moves in and out of Precision Drilling's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -245 -240 23 331 136 -53 199 401 14 264
Net Cash From Operating Activities		 76 202 215 261 119 103 172 394 317 235
Net Cash From Continuing Operating Activities		 76 202 206 261 119 103 172 394 317 235
Net Income / (Loss) Continuing Operations		 -116 -105 -216 5.10 -94 0.00 -25 219 0.00 2.26
Consolidated Net Income / (Loss)		 -116 -105 -216 5.10 -94 - -25 219 - 2.26
Depreciation Expense		 291 300 276 257 248 - 206 225 - 232
Non-Cash Adjustments To Reconcile Net Income		 -105 7.17 137 -0.77 -34 103 -9.20 -51 317 0.98
Net Cash From Investing Activities		 -159 12 -74 70 17 -49 27 7.58 -129 28
Net Cash From Continuing Investing Activities		 -152 12 -75 70 17 -49 27 7.58 -129 28
Sale of Property, Plant & Equipment		 5.83 12 18 70 17 10 27 - 21 28
Sale and/or Maturity of Investments		 - - - - - - - 7.58 - 0.00
Net Cash From Financing Activities		 -162 -455 -124 0.00 0.00 -104 0.00 0.00 -174 0.00
Net Cash From Continuing Financing Activities		 -162 -455 -123 0.00 0.00 -104 0.00 0.00 -174 0.00
Other Financing Activities, net		 1.43 - 0.20 - - - - 0.00 - 0.00
Cash Interest Paid		 - 108 - 90 81 - 63 - - 46
Cash Interest Received		 - 1.48 - 1.06 0.48 - 0.23 0.89 - 0.90

Quarterly Cash Flow Statements for Precision Drilling

No quarterly cash flow statements for Precision Drilling are available.

Annual Balance Sheets for Precision Drilling

This table presents Precision Drilling's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 1/1/2023 12/31/2023 12/31/2024 12/31/2025
Total Assets		 3,218 3,094 2,664 2,520 2,272 2,083 2,125 2,287 2,053 1,989
Total Current Assets		 351 351 383 322 268 250 348 387 348 355
Cash & Equivalents		 86 52 71 58 85 32 16 41 51 63
Accounts Receivable		 219 256 273 239 162 200 306 319 263 257
Inventories, net		 18 20 25 24 21 18 26 27 30 36
Plant, Property, & Equipment, net		 2,710 2,522 2,227 2,119 1,938 1,768 1,702 1,771 1,636 1,575
Plant, Property & Equipment, gross		 2,710 2,522 2,227 2,119 1,938 1,768 1,702 1,771 1,636 1,575
Total Noncurrent Assets		 157 220 55 79 66 60 60 117 59 50
Intangible Assets		 2.47 22 26 24 22 19 14 13 9.03 6.91
Noncurrent Deferred & Refundable Income Taxes		 0.00 35 29 3.64 0.86 0.68 1.52 56 4.55 1.63
Other Noncurrent Operating Assets		 - - 0.00 51 43 40 44 48 46 41
Total Liabilities & Shareholders' Equity		 3,218 3,094 2,664 2,520 2,272 2,083 2,125 2,287 2,053 1,989
Total Liabilities		 1,737 1,655 1,517 1,340 1,167 1,103 1,181 1,081 875 820
Total Current Liabilities		 179 167 207 167 131 186 312 283 235 219
Short-Term Debt		 - - - 0.00 0.70 1.74 1.69 2.16 0.00 0.00
Accounts Payable		 179 167 201 154 118 175 299 266 218 205
Current Deferred & Payable Income Tax Liabilities		 - - - - - - - - 2.62 1.22
Other Current Liabilities		 - - 0.00 9.59 8.85 8.56 9.38 13 14 13
Total Noncurrent Liabilities		 1,579 1,488 1,316 1,176 1,039 938 904 810 650 611
Long-Term Debt		 1,419 1,375 1,250 1,100 969 866 803 693 564 495
Capital Lease Obligations		 - - 0.00 42 38 36 39 43 38 34
Noncurrent Deferred & Payable Income Tax Liabilities		 130 94 53 20 17 9.56 21 56 33 66
Other Noncurrent Operating Liabilities		 9.24 8.02 7.75 7.68 5.93 5.10 5.57 5.41 5.19 4.89
Total Equity & Noncontrolling Interests		 1,460 1,439 1,141 1,177 1,103 959 909 1,194 1,168 1,159
Total Preferred & Common Equity		 1,460 1,439 1,141 1,177 1,103 959 909 1,194 1,165 1,155
Total Common Equity		 1,460 1,439 1,141 1,177 1,103 959 909 1,194 1,165 1,155
Common Stock		 1,755 1,878 1,740 1,821 1,849 1,845 1,753 1,848 1,652 1,691
Retained Earnings		 -411 -544 -717 -747 -854 -992 -962 -767 -626 -656
Accumulated Other Comprehensive Income / (Loss)		 116 105 119 103 108 105 118 112 138 120
Noncontrolling Interest		 - - - - - - 0.00 0.00 3.14 3.51

Quarterly Balance Sheets for Precision Drilling

No quarterly balance sheets for Precision Drilling are available.

Annual Metrics And Ratios for Precision Drilling

This table displays calculated financial ratios and metrics derived from Precision Drilling's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - 12,932,399.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 12,932,399.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.28
Growth Metrics		 - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -87 -49 -115 31 -39 -49 -24 258 105 82
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 13.38% 5.92% 4.88%
Earnings before Interest and Taxes (EBIT)		 -128 -68 -167 52 -56 -70 -25 258 146 3.60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 163 233 109 309 192 151 181 484 360 235
Valuation Ratios		 - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -8.34 341 77 196 141 54 132 281 171
Efficiency Ratios		 - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 2,813 2,773 2,317 2,272 2,037 1,847 1,768 1,894 1,718 1,627
Increase / (Decrease) in Invested Capital		 0.00 -41 -456 -45 -234 -190 -79 126 -176 -88
Book Value per Share		 $0.00 $4.91 $3.89 $4.01 $3.98 $71.26 $68.35 $88.03 $81.25 $83.84
Tangible Book Value per Share		 $0.00 $4.27 $3.80 $3.92 $3.90 $69.87 $67.26 $87.06 $80.63 $83.34
Total Capital		 2,879 2,814 2,392 2,319 2,111 1,863 1,753 1,932 1,770 1,689
Total Debt		 1,419 1,375 1,250 1,142 1,008 904 843 738 602 530
Total Long-Term Debt		 1,419 1,375 1,250 1,142 1,007 902 842 736 602 530
Net Debt		 1,333 1,323 1,179 1,085 923 872 827 697 551 467
Capital Expenditures (CapEx)		 146 -12 75 -70 -17 49 -27 0.00 129 -28
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 86 133 105 98 53 34 31 65 62 74
Debt-free Net Working Capital (DFNWC)		 172 184 176 155 138 66 47 106 113 136
Net Working Capital (NWC)		 172 184 176 155 138 64 45 104 113 136
Net Nonoperating Expense (NNE)		 29 56 101 26 55 90 0.95 39 28 80
Net Nonoperating Obligations (NNO)		 1,353 1,334 1,175 1,095 935 888 859 701 550 469
Total Depreciation and Amortization (D&A)		 291 300 276 257 248 221 206 225 215 232
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $4,847,258,140.00 ($20.00) $0.40 ($8.76) ($13.32) $0.00 $21.03 $5.42 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 14.69M 13.86M 13.46M 13.30M 13.56M 14.34M 13.78M 12.93M
Adjusted Diluted Earnings per Share		 $0.00 ($9.00) ($20.00) $0.40 ($8.76) ($13.32) $0.00 $19.53 $5.42 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 14.66M 14.69M 13.86M 13.46M 13.30M 13.56M 14.34M 13.78M 12.93M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $4,847,258,140.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 14.66M 14.69M 13.86M 13.46M 13.30M 13.56M 14.34M 13.78M 12.93M
Normalized Net Operating Profit after Tax (NOPAT)		 -84 -40 -7.67 35 -39 -49 -24 166 105 58
Debt Service Ratios		 - - - - - - - - - -
Payout Ratios		 - - - - - - - - - -

Quarterly Metrics And Ratios for Precision Drilling

No quarterly metrics and ratios for Precision Drilling are available.


Financials Breakdown Chart

Precision Drilling Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Precision Drilling's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Precision Drilling's net income appears to be on a downward trend, with a most recent value of $2.26 million in 2025, falling from -$115.76 million in 2016. The previous period was $77.31 million in 2024. View Precision Drilling's forecast to see where analysts expect Precision Drilling to go next.

Precision Drilling's total operating income in 2025 was $82.45 million, based on the following breakdown:
  • Total Gross Profit: $397.75 million
  • Total Operating Expenses: $315.30 million

Over the last 9 years, Precision Drilling's total revenue changed from $860.45 million in 2016 to $1.30 billion in 2025, a change of 51.1%.

Precision Drilling's total liabilities were at $819.74 million at the end of 2025, a 6.4% decrease from 2024, and a 52.8% decrease since 2016.

In the past 9 years, Precision Drilling's cash and equivalents has ranged from $15.95 million in 2022 to $86.10 million in 2016, and is currently $62.56 million as of their latest financial filing in 2025.

Over the last 9 years, Precision Drilling's book value per share changed from 0.00 in 2016 to 83.84 in 2025, a change of 8,383.8%.


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Financial statements for NYSE:PDS last updated on 4/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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