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Independence Contract Drilling, Inc.

EDGAR
ICD Quarterly report (10-Q) · filed 2024-11-19

89 filing records in this dataset, filed from 2014-06-19 to 2024-11-19. Reported financial figures are available; chart coverage varies by period.

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Watchlist

Latest quarter

Revenue

38 million Unit_Standard_USD_jqYjbfvqy0y3UFPM-Biq_g

2024 Q3 · Unit_Standard_USD_jqYjbfvqy0y3UFPM-Biq_g

Exact inputs and evidence
  • Revenue: 37992000 Unit_Standard_USD_jqYjbfvqy0y3UFPM-Biq_g Source

Operating margin

-23.49%

2024 Q3 · %

Exact inputs and evidence
  • Operating Income: -8926000 Unit_Standard_USD_jqYjbfvqy0y3UFPM-Biq_g Source
  • Revenue: 37992000 Unit_Standard_USD_jqYjbfvqy0y3UFPM-Biq_g Source
Cash and cash equivalents
6.1 million Unit_Standard_USD_jqYjbfvqy0y3UFPM-Biq_g Source
Exact value

6100000 Unit_Standard_USD_jqYjbfvqy0y3UFPM-Biq_g

Long-term debt including current maturities
Not available
Shares outstanding
15.2 million Unit_Standard_shares_d20Z1z-sIEegSKaMKe8dCg Source
Exact value

15186780 Unit_Standard_shares_d20Z1z-sIEegSKaMKe8dCg

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2024-11-19.

Financial data available through: 2023-12-31.

Coverage by financial measure
  • Revenue: 2 of 11 periods available· newest 2023-12-31
  • Operating income: 2 of 11 periods available· newest 2023-12-31
  • Net income: 2 of 11 periods available· newest 2023-12-31
  • Operating cash flow: 2 of 11 periods available· newest 2023-12-31
  • Capital expenditure: 2 of 11 periods available· newest 2023-12-31
  • Total assets: Multiple units; comparison withheld· newest 2023-12-31
  • Total liabilities: Multiple units; comparison withheld· newest 2023-12-31
  • Current assets: Multiple units; comparison withheld· newest 2023-12-31
  • Current liabilities: Multiple units; comparison withheld· newest 2023-12-31
  • Cash and cash equivalents: Multiple units; comparison withheld· newest 2023-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: Multiple units; comparison withheld· newest 2023-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +12.5%

    Prior period

    Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 186.71 million

    –

    Current period

    Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 210.11 million

    –

    Exact inputs and evidence

    210106000 − 186710000 = 23396000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A

    186710000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A · 2022-01-01 – 2022-12-31

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    210106000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A · 2023-01-01 – 2023-12-31

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  • Net income

    +Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 27.62 million

    Prior period

    −Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 65.32 million

    –

    Current period

    −Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 37.7 million

    –

    Exact inputs and evidence

    -37697000 − -65321000 = 27624000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A

    -65321000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A · 2022-01-01 – 2022-12-31

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    -37697000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A · 2023-01-01 – 2023-12-31

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  • Operating cash flow

    +113.5%

    Prior period

    Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 28.58 million

    –

    Current period

    Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 61.02 million

    –

    Exact inputs and evidence

    61022000 − 28577000 = 32445000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A

    28577000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A · 2022-01-01 – 2022-12-31

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    61022000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A · 2023-01-01 – 2023-12-31

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  • Capital expenditure

    -5.6%

    Prior period

    Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 43.05 million

    –

    Current period

    Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 40.66 million

    –

    Exact inputs and evidence

    40655000 − 43047000 = -2392000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A

    43047000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A · 2022-01-01 – 2022-12-31

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    40655000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A · 2023-01-01 – 2023-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2023 2023-01-01 – 2023-12-31

  • Revenue Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 210.11 million 100% of revenue
  • Operating costs Derived Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 213.82 million 102% of revenue
  • Operating income −Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 3.72 million −1.8% of revenue
  • Tax, interest and other Derived Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 33.98 million 16% of revenue
  • Net income −Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 37.7 million −18% of revenue

Cash

  • Operating cash flow Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 61.02 million 29% of revenue
  • Capital expenditure Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 40.66 million 19% of revenue
  • Free cash flow Derived Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 20.37 million 9.7% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2022 Operating loss: operating costs were 101% of revenue.
  • 2023 Operating loss: operating costs were 102% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2022 2022-01-01 – 2022-12-31186710000 188805000 Derived -2095000 63226000 Derived -65321000 -14470000 Derived
Source
2023 2023-01-01 – 2023-12-31210106000 213823000 Derived -3717000 33980000 Derived -37697000 20367000 Derived
Source

Amounts are exact, in Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 210.1M 2023
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.226.9M170.2M113.5M56.7M0.020222023
Values and sources
Revenue values and source evidence
PeriodSeriesValue(Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A)Source evidence
2022Revenue186710000
2023Revenue210106000

Revenue growth

Change in revenue from the same financial period one year earlier.

12.5% 2023
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.13.5%10.1%6.8%3.4%0.0%20222023
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2022Year over yearNo prior comparable period
2023Year over year12.5%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -1.8% 2023
Net margin -17.9% 2023
Free cash flow margin 9.7% 2023
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.13%0%-13%-26%-39%20222023
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2022Operating margin-1.1%
2023Operating margin-1.8%
2022Net margin-35%
2023Net margin-17.9%
2022Free cash flow margin-7.7%
2023Free cash flow margin9.7%

Operating cash flow

Cash generated by the company’s normal business operations.

Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 61M 2023
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.65.9M49.4M33.0M16.5M0.020222023
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A)Source evidence
2022Operating cash flow28577000
2023Operating cash flow61022000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 20.4M 2023
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.23.2M13.1M2.9M-7.2M-17.3M20222023
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A)Source evidence
2022Free cash flow-14470000
2023Free cash flow20367000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2022-12-31Liabilities / assetsNot reportedNo source recorded
2023-12-31Liabilities / assetsNot reportedNo source recorded

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2022 2022-01-01 – 2022-12-31
−Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 65.32 million
Exact value

Exact value: -65321000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A

2022-01-01 – 2022-12-31: -65321000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A Inspect Net Income Open source
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Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 28.58 million
Exact value

Exact value: 28577000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A

2022-01-01 – 2022-12-31: 28577000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A Inspect Operating Cash Flow Open source
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Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 43.05 million
Exact value

Exact value: 43047000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A

2022-01-01 – 2022-12-31: 43047000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A Inspect Capital Expenditure Open source
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−Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 14.47 million
Calculation and evidence

28577000 − 43047000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A

Exact free cash flow: -14470000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A

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2023 2023-01-01 – 2023-12-31
−Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 37.7 million
Exact value

Exact value: -37697000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A

2023-01-01 – 2023-12-31: -37697000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A Inspect Net Income Open source
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Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 61.02 million
Exact value

Exact value: 61022000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A

2023-01-01 – 2023-12-31: 61022000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A Inspect Operating Cash Flow Open source
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Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 40.66 million
Exact value

Exact value: 40655000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A

2023-01-01 – 2023-12-31: 40655000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A Inspect Capital Expenditure Open source
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Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A 20.37 million
Calculation and evidence

61022000 − 40655000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A

Exact free cash flow: 20367000 Unit_Standard_USD_qFGo0sfZzEmaXIQHw7Mu2A

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

89 filings · 3,972 latest values · 3,972 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001537028, 1537028, ICD, ICDI, edgar:1537028

Also known as INDEPENDENCE CONTRACT DRILLING, INC., INDEPENDENCE CONTRACT DRILLING, INC., Independence Contract Drilling, Inc., Independence Contract Drilling, Inc.