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WFRD Price Correlated With Financials For Weatherford International plc

Free historical financial statements for Weatherford International plc. See how revenue, income, cash flow, and balance sheet financials have changed over 31 quarters since 2015. Compare with WFRD stock chart to see long term trends.

WFRD Stock Compared to Quarterly

WFRD Income Statement

Revenue, Net:1120000000
Revenue Per Share:15.7746
Selling, General & Admin Expense:201000000
Research & Development Expense:23000000
Total Operating Expenses:999000000
Operating Income:121000000
Income Taxes:26000000
Net Income:37000000
Earnings Per Share, Basic:0.39
Shares Outstanding, Basic Avg:71000000

WFRD Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:88000000
Change in Accounts Receiveable:17000000
Net Cash from Operations:160000000
Net Cash from Operations Per Share:2.2535
Net Cash from Financing Activities:-64000000
Property, Plant & Equipment Purchases:39000000
Net Cash from Investing Activities:-29000000
Net Change in Cash & Equivalents:53000000

WFRD Balance Sheet

Cash and Cash Equivalents:1143000000
Accounts Receivable, Net:927000000
Inventories:723000000
Total Current Assets:3063000000
Property, Plant & Equipment, Net:908000000
Total Assets:4707000000
Accounts Payable:425000000
Total Short-Term Liabilities:1384000000
Long Term Debt, Non-Current Portion:2366000000
Total Liabilities:4235000000

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Oaktree Capital Management LP
5,758,916 sh
-69,800 sh
-1%
$185,955
$62,562
Yacktman Asset Management Lp
5,735,000 sh
 
$185,183
Oak Hill Advisors Lp
5,375,610 sh
-108,957 sh
-2%
$173,578
$57,470
Exor Investments (Uk) Llp
5,342,279 sh
 
$172,502
Capital Research Global Investors
4,598,181 sh
-99,642 sh
-2%
$148,475
$49,022
Blackrock Inc.
4,189,381 sh
-11,561 sh
0%
$135,275
$46,342
Vanguard Group Inc
3,987,394 sh
107,069 sh
3%
$128,753
$46,607
FMR LLC
3,520,216 sh
2,547,406 sh
262%
$113,667
$93,073
D. E. Shaw & Co., Inc.
3,431,488 sh
-68,512 sh
-2%
$110,803
$36,708
Franklin Resources Inc
2,934,698 sh
-1,146,526 sh
-28%
$94,761
$8,361
Mason Capital Management LLC
1,730,228 sh
376,228 sh
28%
$55,869
$27,205
State Street Corp
1,724,230 sh
152,485 sh
10%
$55,675
$22,401
Loomis Sayles & Co L P
1,523,771 sh
389,341 sh
34%
$49,202
$25,187
Geode Capital Management, LLC
1,212,269 sh
9,691 sh
1%
$39,144
$13,686
Cooper Creek Partners Management LLC
1,058,689 sh
-599,340 sh
-36%
$34,185
-$915
Nuveen Asset Management, LLC
1,019,967 sh
55,415 sh
6%
$32,935
$12,516
Capital World Investors
836,296 sh
 
$27,004
Pictet & Cie (Europe) Sa
820,804 sh
820,804 sh
NEW
$26,503,761
$26,503,761
Charles Schwab Investment Management Inc
779,082 sh
419,703 sh
117%
$25,157
$17,548
Greenlight Capital Inc
754,000 sh
 
$24,347
COMPANY PROFILE
1 – Basis of Presentation and Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements of Weatherford International plc (the “Company,” “Weatherford”, “we”, “us”, or “our”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, certain information and disclosures normally included in our annual consolidated financial statements have been condensed or omitted. Therefore, these unaudited Condensed Consolidated Financial Statements should be read in conjunction with our audited Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2021 (“2021 Annual Report”).

The preparation of the Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenue and expenses during the reporting period. Ultimate results could differ from our estimates.

In the opinion of management, the Condensed Consolidated Financial Statements reflect all adjustments (consisting of normal recurring adjustments) considered necessary by management to fairly state the results of operations, financial position and cash flows of Weatherford and its subsidiaries for the periods presented and are not necessarily indicative of the results that may be expected for a full year. Our financial statements have been prepared on a consolidated basis. Under this basis, our financial statements consolidate all wholly owned subsidiaries and controlled joint ventures. All intercompany accounts and transactions have been eliminated.

Summary of Significant Accounting Policies

Please refer to “Note 1 – Summary of Significant Accounting Policies” of our Consolidated Financial Statements from our 2021 Annual Report for the discussion on our significant accounting policies. Certain reclassifications have been made to the financial statements and accompanying footnotes for the three months ended March 31, 2021 to conform to the presentation for the three months ended March 31, 2022, including the change in reportable segments made during the fourth quarter of 2021.

New Accounting Standards

All new accounting pronouncements that have been issued but not yet effective are currently being evaluated and at this time are not expected to have a material impact on our financial position or results of operations.

Data imported from Weatherford International plc SEC filings. Check original filings before making any investment decision.