EXTN · Exterran Corp - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Annual Quarterly

Income Statement

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Revenue	$630.25M	$613.06M	$1.32B	$905.40M	$1.22B	$1.03B
Cost of Revenue	$353.78M	$351.19M	$954.22M	$977.43M	$868.15M	$596.41M
Gross Profit	$276.47M	$261.87M	$363.22M	($72.03M)	$347.14M	$432.85M
R&D	-	-	-	-	-	-
SG&A	$132.51M	$123.41M	$164.31M	$178.40M	$176.32M	$165.99M
Total Operating Expenses	-	-	-	-	-	-
D&A	$175.06M	$145.04M	$162.56M	$123.92M	$107.82M	$137.97M
Operating Income	($80.69M)	($57.62M)	($83.57M)	$39.83M	$16.84M	($69.61M)
Interest Expense	$41.57M	$38.82M	$38.62M	$29.22M	$34.83M	$34.18M
Income Tax	$30.24M	$28.40M	$25.29M	$39.43M	$22.70M	$124.76M
Net Income	($112.71M)	($101.29M)	($102.38M)	$24.85M	$33.88M	($227.94M)
EPS - Basic	-	-	($2.99)	$0.68	$0.97	($6.59)
EPS - Diluted	-	-	($2.99)	$0.68	$0.97	($6.59)

Balance Sheet

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Cash & Equivalents	$56.26M	$40.32M	$16.68M	$19.30M	$49.15M	$35.68M
Accounts Receivable	$179.84M	$198.03M	$202.34M	$248.47M	$266.05M	$230.61M
Inventory	$102.49M	$119.36M	$143.54M	$150.69M	$107.91M	$157.52M
Accounts Payable	$70.78M	$60.08M	$123.44M	$165.74M	$148.74M	$95.96M
Current Assets	$408.40M	$429.37M	$435.92M	$566.08M	$542.57M	$511.96M
Total Assets	$1.18B	$1.30B	$1.42B	$1.57B	$1.46B	$1.37B
Current Liabilities	$290.09M	$274.65M	$326.64M	$457.33M	$408.52M	$334.13M
Long-term Debt	-	-	-	-	$368.47M	$348.97M
Total Liabilities	$995.61M	$1.01B	$1.01B	$1.01B	$906.02M	$818.01M
Stockholders' Equity	$183.59M	$295.83M	$409.54M	$552.82M	$554.79M	$556.77M
Retained Earnings	($531.24M)	($418.53M)	($317.24M)	($208.68M)	($223.51M)	($257.25M)

Cash Flow

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Operating Cash Flow	$45.33M	($37.61M)	$178.73M	$157.30M	$148.63M	$263.49M
Investing Cash Flow	($36.16M)	($54.30M)	($174.41M)	($190.57M)	($102.21M)	($24.26M)
Financing Cash Flow	$9.59M	$119.50M	($6.04M)	$6.90M	($32.15M)	($230.75M)
CapEx	$39.55M	$75.61M	$193.27M	$215.11M	$131.67M	$74.33M
Free Cash Flow	$5.78M	($113.22M)	($14.55M)	($57.81M)	$16.95M	$189.16M

Ratios

Metric	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Profitability
Gross margin	43.9%	42.7%	27.6%	-8.0%	28.6%	42.1%
Operating margin	-12.8%	-9.4%	-6.3%	4.4%	1.4%	-6.8%
EBITDA margin	15.0%	14.3%	6.0%	18.1%	10.3%	6.6%
Net margin	-17.9%	-16.5%	-7.8%	2.7%	2.8%	-22.1%
Free cash flow margin	0.9%	-18.5%	-1.1%	-6.4%	1.4%	18.4%
FCF / Net income	-0.05	1.12	0.14	-2.33	0.50	-0.83
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	21.0%	20.1%	12.5%	19.7%	14.5%	16.1%
Effective tax rate	-	-	-	61.3%	40.1%	-
Return on assets	-9.6%	-7.8%	-7.2%	1.6%	2.3%	-16.6%
Return on equity	-61.4%	-34.2%	-25.0%	4.5%	6.1%	-40.9%
Return on invested capital	-	-	-	-	1.1%	-6.1%
Liquidity
Current ratio	1.41	1.56	1.33	1.24	1.33	1.53
Quick ratio	1.05	1.13	0.90	0.91	1.06	1.06
Cash ratio	0.19	0.15	0.05	0.04	0.12	0.11
Leverage
Debt / Equity	-	-	-	-	0.66	0.63
Debt / Assets	-	-	-	-	0.25	0.25
Debt / EBITDA	-	-	-	-	2.96	5.10
Interest coverage	-1.9x	-1.5x	-2.2x	1.4x	0.5x	-2.0x
Equity multiplier	6.42	4.41	3.46	2.83	2.63	2.47
Liabilities / Assets	0.84	0.77	0.71	0.65	0.62	0.60
Efficiency
Asset turnover	0.53	0.47	0.93	0.58	0.83	0.75
Inventory turnover	3.45	2.94	6.65	6.49	8.05	3.79
Days sales outstanding	104d	118d	56d	100d	80d	82d
Days inventory outstanding	106d	124d	55d	56d	45d	96d
Days payable outstanding	73d	62d	47d	62d	63d	59d
Cash conversion cycle	137d	180d	64d	95d	63d	119d
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	2.8%	-53.5%	45.5%	-25.5%	18.1%	-57.4%
Revenue CAGR (3y)	-11.4%	-20.4%	8.6%	-27.9%	-	-
Revenue CAGR (5y)	-9.3%	-24.0%	-	-	-	-
Gross profit growth (YoY)	5.6%	-27.9%	-	-	-19.8%	-64.7%
Operating income growth (YoY)	-40.0%	31.1%	-	136.5%	-	-
Net income growth (YoY)	-11.3%	1.1%	-	-26.6%	-	-
EPS growth (YoY)	-	-	-	-29.9%	-	-
EPS CAGR (3y)	-	-	-	-46.6%	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	-	-678.3%	74.8%	-	-91.0%	169.9%
FCF CAGR (5y)	-50.2%	-	-	-	-	-
Book value growth (YoY)	-37.9%	-27.8%	-25.9%	-0.4%	-0.4%	-60.4%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2021-12-31.

Business segments

$630.25M total

Contract Operations$338.51M · 53.7%

Product Sales$182.71M · 29.0%

Aftermarket Services$109.03M · 17.3%

Product / service

$291.74M total

Processingand Treating Equipment$149.03M · 51.1%

Operationand Maintenance Services$48.98M · 16.8%

Part Sales$47.05M · 16.1%

Compression Equipment$17.35M · 5.9%

Other Services$13.00M · 4.5%

Other Product Sales$12.88M · 4.4%

Production Equipment$3.45M · 1.2%

Geographic

$1.26B total

Middle Eastand Africa$302.33M · 24.0%

Latin America$267.58M · 21.2%

IQ$146.14M · 11.6%

Other International$139.76M · 11.1%

AR$99.64M · 7.9%

BO$74.01M · 5.9%

BR$61.13M · 4.8%

OM$60.41M · 4.8%

Asia Pacific$46.17M · 3.7%

TH$35.17M · 2.8%

North America$14.17M · 1.1%

US$14.00M · 1.1%

Stability scores

Altman Z′

FY 2021 · bankruptcy risk

0.09

Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2021 · 9-point quality

5/9

Neutral

✗Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
✗Current ratio improved
✓No share dilution
✓Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Services-Equipment Rental & Leasing, NEC

Company	Revenue (last FY)	Net margin	ROE
UPBD	$4.70B	1.6%	10.5%
MGRC	$944.24M	16.6%	12.6%
URI	$16.10B	15.5%	27.8%
AL	$3.02B	36.1%	12.8%
CTOS	$1.94B	-1.6%	-3.8%

Comparing Exterran Corp against the 5 most active filers in the same SIC group.