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Forbes Energy Services Ltd.: 10-K filed 2012-03-30

What Forbes Energy Services Ltd. reported in its annual report filed 2012-03-30 (fiscal FY 2011): 35 published measures, 91 facts as tagged in accession 0001193125-12-143994.

This filing

Form
10-K (annual report)
Filed
2012-03-30
Fiscal period
fiscal FY 2011
Accession
0001193125-12-143994 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All Forbes Energy Services Ltd. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2011-12-31550,423,053USD
At 2010-12-31451,829,867USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2011-12-31410,165,911USD
At 2010-12-31299,764,177USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2011-12-31125,780,359USD
At 2010-12-31136,795,397USD
At 2009-12-31146,507,477USD
At 2008-12-31158,418,487USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2011-12-3136,600,091USD
At 2010-12-3130,458,457USD
At 2009-12-3128,425,367USD
At 2008-12-3123,469,067USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2011-01-01 to 2011-12-31-12,344,687USD365
2010-01-01 to 2010-12-31-11,309,918USD365
2009-01-01 to 2009-12-31-29,330,709USD365

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2011-01-01 to 2011-12-315,999,427USD365
2010-01-01 to 2010-12-312,449,109USD365
2009-01-01 to 2009-12-3115,379,402USD365

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2011-01-01 to 2011-12-3158,205,581USD365
2010-01-01 to 2010-12-316,951,297USD365
2009-01-01 to 2009-12-3130,024,471USD365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2011-01-01 to 2011-12-3152,075,726USD365
2010-01-01 to 2010-12-315,361,681USD365
2009-01-01 to 2009-12-3127,310,041USD365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2011-01-01 to 2011-12-31-50,936,890USD365
2010-01-01 to 2010-12-31-5,753,726USD365
2009-01-01 to 2009-12-31-37,733,143USD365

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2011-12-31-61,863,993USD
At 2010-12-31-49,519,306USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2011-01-01 to 2011-12-31-4,676,774USD365
2010-01-01 to 2010-12-31-8,157,006USD365
2009-01-01 to 2009-12-31-25,143,867USD365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2011-12-31285,944,684USD
At 2010-12-31256,743,380USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2011-01-01 to 2011-12-312,936,890USD365
2010-01-01 to 2010-12-312,696,952USD365
2009-01-01 to 2009-12-312,491,994USD365

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2011-01-01 to 2011-12-3139,498,231USD365
2010-01-01 to 2010-12-314,570,222USD365
2009-01-01 to 2009-12-31-27,619,403USD365

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2011-12-31183,806,774USD
At 2010-12-31125,877,014USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2011-01-01 to 2011-12-3127,454,417USD365
2010-01-01 to 2010-12-3127,270,980USD365
2009-01-01 to 2009-12-3126,922,812USD365

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2011-12-3197,041,057USD
At 2010-12-3157,164,153USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2011-12-3150,569,454USD
At 2010-12-3120,719,691USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2011-12-31132,024,147USD
At 2010-12-3185,682,475USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2011-01-01 to 2011-12-31406,284,407USD365
2010-01-01 to 2010-12-31283,581,254USD365
2009-01-01 to 2009-12-31217,253,745USD365

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2011-12-3120,918,417shares
At 2010-12-3120,918,417shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2011-12-31187,885,293USD
At 2010-12-31185,134,992USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2011-12-31-1,077,678USD
At 2010-12-31342,974USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

PeriodValueUnitDays
At 2011-12-3130,876,389USD
At 2010-12-3133,737,585USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2011-12-3130,876USD
At 2010-12-3133,036USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

PeriodValueUnitDays
At 2011-12-3119,752,868USD
At 2010-12-3112,844,870USD

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2011-01-01 to 2011-12-31-13,765,339USD365
2010-01-01 to 2010-12-31-10,966,944USD365
2009-01-01 to 2009-12-31-29,330,709USD365

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

PeriodValueUnitDays
2011-01-01 to 2011-12-31-12,531,276USD365
2010-01-01 to 2010-12-31-12,350,611USD365
2009-01-01 to 2009-12-31-29,330,709USD365

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2011-01-01 to 2011-12-3131,317,863USD365
2010-01-01 to 2010-12-3120,039,405USD365
2009-01-01 to 2009-12-3117,424,009USD365

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2011-01-01 to 2011-12-3138,970,761USD365
2010-01-01 to 2010-12-3137,099,099USD365
2009-01-01 to 2009-12-3136,715,074USD365

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2011-01-01 to 2011-12-3139,659,523USD365
2010-01-01 to 2010-12-3138,299,074USD365
2009-01-01 to 2009-12-3138,028,979USD365

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2011-01-01 to 2011-12-3169,104USD365
2010-01-01 to 2010-12-31-8,955USD365
2009-01-01 to 2009-12-31447,430USD365

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

PeriodValueUnitDays
2011-01-01 to 2011-12-31-2,193,527USD365
2010-01-01 to 2010-12-31-6,936,774USD365
2009-01-01 to 2009-12-31-25,446,509USD365

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2009-01-01 to 2009-12-3114,927,705USD365

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2011-01-01 to 2011-12-3151,739,441USD365
2010-01-01 to 2010-12-3130,619,696USD365
2009-01-01 to 2009-12-31-7,914,749USD365

Inspect the source

Entity
Forbes Energy Services Ltd. / CIK 0001434842
Captured
SEC response SHA-256
a2d973c59b79e30ca9770633f87c38c46a05c56035c2bbc80f9eaf4c5b943422

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

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Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001434842.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))