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Superior Drilling Products, Inc.: 10-Q filed 2021-08-13

What Superior Drilling Products, Inc. reported in its quarterly report filed 2021-08-13 (fiscal Q2 2021): 43 published measures, 123 facts as tagged in accession 0001493152-21-019626.

This filing

Form
10-Q (quarterly report)
Filed
2021-08-13
Fiscal period
fiscal Q2 2021
Accession
0001493152-21-019626 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Superior Drilling Products, Inc. filings.

Reported measures

Total assets

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

PeriodValueUnitDays
At 2021-06-3013,361,027USD
At 2020-12-3113,039,823USD

Total liabilities

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

PeriodValueUnitDays
At 2021-06-309,971,421USD
At 2020-12-318,816,148USD

Stockholders equity

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

PeriodValueUnitDays
At 2021-06-303,389,606USD
At 2021-03-313,289,354USD
At 2020-12-314,223,675USD
At 2020-09-304,700,000USD
At 2020-06-306,271,517USD
At 2020-03-317,408,018USD
At 2019-12-317,102,976USD

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 2021-06-302,689,113USD
At 2020-12-311,961,441USD

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
2021-04-01 to 2021-06-30-66,781USD91
2021-01-01 to 2021-06-30-1,168,573USD181
2021-01-01 to 2021-03-31-1,101,793USD90
2020-04-01 to 2020-06-30-1,241,506USD91
2020-01-01 to 2020-06-30-1,043,460USD182
2020-01-01 to 2020-03-31198,046USD91

Operating cash flow

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

PeriodValueUnitDays
2021-01-01 to 2021-06-30400,250USD181
2020-01-01 to 2020-06-302,110,836USD182

Capital expenditure payments

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

PeriodValueUnitDays
2021-01-01 to 2021-06-3010,940USD181
2020-01-01 to 2020-06-3090,132USD182

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2021-04-01 to 2021-06-303,399,109USD91
2021-01-01 to 2021-06-305,823,761USD181
2020-04-01 to 2020-06-302,024,388USD91
2020-01-01 to 2020-06-307,382,151USD182

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

PeriodValueUnitDays
2021-04-01 to 2021-06-303,399,109USD91
2021-01-01 to 2021-06-305,823,761USD181
2020-04-01 to 2020-06-302,024,388USD91
2020-01-01 to 2020-06-307,382,151USD182

Financing cash flow

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

PeriodValueUnitDays
2021-01-01 to 2021-06-30288,362USD181
2020-01-01 to 2020-06-30-822,611USD182

Investing cash flow

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

PeriodValueUnitDays
2021-01-01 to 2021-06-3039,060USD181
2020-01-01 to 2020-06-3027,701USD182

Retained earnings or deficit

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

PeriodValueUnitDays
At 2021-06-30-37,590,281USD
At 2020-12-31-36,421,707USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2021-04-01 to 2021-06-3025,762,342shares91
2021-01-01 to 2021-06-3025,762,342shares181
2020-04-01 to 2020-06-3025,434,593shares91
2020-01-01 to 2020-06-3025,426,360shares182

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2021-04-01 to 2021-06-3025,762,342shares91
2021-01-01 to 2021-06-3025,762,342shares181
2020-04-01 to 2020-06-3025,434,593shares91
2020-01-01 to 2020-06-3025,426,360shares182

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2021-04-01 to 2021-06-300USD/shares91
2021-01-01 to 2021-06-30-0.05USD/shares181
2020-04-01 to 2020-06-30-0.05USD/shares91
2020-01-01 to 2020-06-30-0.04USD/shares182

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2021-04-01 to 2021-06-300USD/shares91
2021-01-01 to 2021-06-30-0.05USD/shares181
2020-04-01 to 2020-06-30-0.05USD/shares91
2020-01-01 to 2020-06-30-0.04USD/shares182

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
2021-04-01 to 2021-06-3026,468USD91
2021-01-01 to 2021-06-3043,649USD181
2020-04-01 to 2020-06-30225USD91
2020-01-01 to 2020-06-306,435USD182

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 2021-06-306,814,895USD
At 2020-12-317,535,098USD

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
2021-01-01 to 2021-06-30334,505USD181
2020-01-01 to 2020-06-30212,001USD182

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
2021-04-01 to 2021-06-30116,345USD91
2021-01-01 to 2021-06-30-840,258USD181
2020-04-01 to 2020-06-30-1,095,753USD91
2020-01-01 to 2020-06-30-831,161USD182

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 2021-06-306,114,637USD
At 2020-12-314,497,960USD

Interest expense

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

PeriodValueUnitDays
2021-04-01 to 2021-06-30145,521USD91
2021-01-01 to 2021-06-30283,577USD181
2020-04-01 to 2020-06-30146,470USD91
2020-01-01 to 2020-06-30323,728USD182

Current liabilities

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

PeriodValueUnitDays
At 2021-06-304,577,212USD
At 2020-12-313,166,320USD

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 2021-06-30597,643USD
At 2020-12-31430,014USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

PeriodValueUnitDays
At 2021-06-30319,444USD
At 2020-12-31819,444USD

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 2021-06-301,930,402USD
At 2020-12-311,345,622USD

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2021-06-301,060,233USD
At 2020-12-311,020,008USD

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

PeriodValueUnitDays
2021-04-01 to 2021-06-301,473,081USD91
2021-01-01 to 2021-06-302,988,670USD181
2020-04-01 to 2020-06-301,340,213USD91
2020-01-01 to 2020-06-303,358,112USD182

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 2021-06-3025,762,342shares
At 2020-12-3125,762,342shares

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2021-06-3047,747USD
At 2020-12-3199,831USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2021-06-3018,641,453USD
At 2020-12-3118,592,656USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2021-06-3011,826,558USD
At 2020-12-3111,057,558USD

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 2021-06-30319,444USD
At 2020-12-31819,444USD

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 2021-06-3064,304USD
At 2020-12-3187,490USD

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 2021-06-301,801,476USD
At 2020-12-311,091,519USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2021-04-01 to 2021-06-30-40,313USD91
2021-01-01 to 2021-06-30-1,124,924USD181
2020-04-01 to 2020-06-30-1,241,281USD91
2020-01-01 to 2020-06-30-1,037,025USD182

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
2021-04-01 to 2021-06-30377,171USD91
2021-01-01 to 2021-06-30775,577USD181
2020-04-01 to 2020-06-30388,708USD91
2020-01-01 to 2020-06-30857,806USD182

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
2021-01-01 to 2021-06-301,275,575USD181
2020-01-01 to 2020-06-301,441,139USD182

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

PeriodValueUnitDays
2021-04-01 to 2021-06-30208,333USD91
2021-01-01 to 2021-06-30500,000USD181
2020-04-01 to 2020-06-30291,667USD91
2020-01-01 to 2020-06-30583,333USD182

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
2021-04-01 to 2021-06-30-156,658USD91
2021-01-01 to 2021-06-30-284,666USD181
2020-04-01 to 2020-06-30-145,528USD91
2020-01-01 to 2020-06-30-205,864USD182

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2021-01-01 to 2021-06-30270,492USD181
2020-01-01 to 2020-06-30340,027USD182

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
2021-01-01 to 2021-06-30584,780USD181
2020-01-01 to 2020-06-30-2,435,735USD182

Change in inventories

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

PeriodValueUnitDays
2021-01-01 to 2021-06-3095,846USD181
2020-01-01 to 2020-06-30860,431USD182

Inspect the source

Entity
Superior Drilling Products, Inc. / CIK 0001600422
Captured
SEC response SHA-256
40740cb405fbd8a15d25356e4682c1b49507354a15afb66344dc881f5c2db550

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.

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001600422.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"])))