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Superior Drilling Products, Inc.: 10-Q filed 2023-08-14

What Superior Drilling Products, Inc. reported in its quarterly report filed 2023-08-14 (fiscal Q2 2023): 43 published measures, 117 facts as tagged in accession 0001493152-23-028223.

This filing

Form
10-Q (quarterly report)
Filed
2023-08-14
Fiscal period
fiscal Q2 2023
Accession
0001493152-23-028223 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 2023-06-3021,322,395USD
At 2022-12-3117,600,483USD

Total liabilities

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

PeriodValueUnitDays
At 2023-06-3010,935,960USD
At 2022-12-319,513,661USD

Stockholders equity

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

PeriodValueUnitDays
At 2023-06-3010,386,435USD
At 2023-03-319,827,189USD
At 2022-12-318,086,822USD
At 2022-06-306,663,858USD
At 2022-03-316,507,898USD
At 2021-12-316,147,928USD

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 2023-06-301,179,791USD
At 2022-12-312,158,025USD

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
2023-04-01 to 2023-06-30323,167USD91
2023-01-01 to 2023-06-301,836,386USD181
2022-04-01 to 2022-06-30-56,508USD91
2022-01-01 to 2022-06-3093,329USD181

Operating cash flow

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

PeriodValueUnitDays
2023-01-01 to 2023-06-30920,505USD181
2022-01-01 to 2022-06-301,353,933USD181

Capital expenditure payments

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

PeriodValueUnitDays
2023-01-01 to 2023-06-302,432,561USD181
2022-01-01 to 2022-06-301,249,419USD181

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
2023-04-01 to 2023-06-305,367,350USD91
2023-01-01 to 2023-06-3011,648,564USD181
2022-04-01 to 2022-06-304,540,842USD91
2022-01-01 to 2022-06-308,671,007USD181

Financing cash flow

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

PeriodValueUnitDays
2023-01-01 to 2023-06-30183,560USD181
2022-01-01 to 2022-06-30-99,188USD181

Investing cash flow

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

PeriodValueUnitDays
2023-01-01 to 2023-06-30-2,082,299USD181
2022-01-01 to 2022-06-30-1,249,419USD181

Retained earnings or deficit

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

PeriodValueUnitDays
At 2023-06-30-34,049,965USD
At 2022-12-31-35,886,351USD

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
2023-04-01 to 2023-06-3029,247,563shares91
2023-01-01 to 2023-06-3029,246,328shares181
2022-04-01 to 2022-06-3028,235,001shares91
2022-01-01 to 2022-06-3028,235,001shares181

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
2023-04-01 to 2023-06-3029,295,761shares91
2023-01-01 to 2023-06-3029,294,526shares181
2022-04-01 to 2022-06-3028,235,001shares91
2022-01-01 to 2022-06-3028,305,101shares181

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
2023-04-01 to 2023-06-300.01USD/shares91
2023-01-01 to 2023-06-300.06USD/shares181
2022-04-01 to 2022-06-300USD/shares91
2022-01-01 to 2022-06-300USD/shares181

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
2023-04-01 to 2023-06-300.01USD/shares91
2023-01-01 to 2023-06-300.06USD/shares181
2022-04-01 to 2022-06-300USD/shares91
2022-01-01 to 2022-06-300USD/shares181

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
2023-04-01 to 2023-06-30106,654USD91
2023-01-01 to 2023-06-30184,266USD181
2022-04-01 to 2022-06-3032,299USD91
2022-01-01 to 2022-06-3063,683USD181

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 2023-06-3011,086,053USD
At 2022-12-318,576,851USD

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
2023-01-01 to 2023-06-30456,819USD181
2022-01-01 to 2022-06-30422,601USD181

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
2023-04-01 to 2023-06-30545,932USD91
2023-01-01 to 2023-06-301,923,693USD181
2022-04-01 to 2022-06-30127,695USD91
2022-01-01 to 2022-06-30432,582USD181

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 2023-06-309,564,318USD
At 2022-12-318,204,567USD

Interest expense

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

PeriodValueUnitDays
2023-04-01 to 2023-06-30129,866USD91
2023-01-01 to 2023-06-30283,956USD181
2022-04-01 to 2022-06-30132,738USD91
2022-01-01 to 2022-06-30256,600USD181

Current liabilities

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

PeriodValueUnitDays
At 2023-06-305,473,255USD
At 2022-12-313,747,765USD

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 2023-06-302,433,587USD
At 2022-12-311,043,581USD

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 2022-12-3169,444USD

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 2023-06-304,687,791USD
At 2022-12-313,241,221USD

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 2023-06-303,152,403USD
At 2022-12-312,081,260USD

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
2023-04-01 to 2023-06-302,458,804USD91
2023-01-01 to 2023-06-304,797,653USD181
2022-04-01 to 2022-06-301,894,403USD91
2022-01-01 to 2022-06-303,541,051USD181

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 2023-06-3029,252,872shares
At 2022-12-3129,245,080shares

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 2023-06-30559,405USD
At 2022-12-31638,102USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

PeriodValueUnitDays
At 2023-06-301,872,481USD
At 2022-12-311,655,363USD

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 2023-06-3024,955,292USD
At 2022-12-3121,840,074USD

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 2023-06-3013,869,239USD
At 2022-12-3113,263,223USD

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 2023-06-30112,619USD
At 2022-12-31111,519USD

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 2023-06-30959,966USD
At 2022-12-31891,793USD

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
2023-04-01 to 2023-06-30429,821USD91
2023-01-01 to 2023-06-302,020,652USD181
2022-04-01 to 2022-06-30-24,209USD91
2022-01-01 to 2022-06-30157,012USD181

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
2023-04-01 to 2023-06-30284,347USD91
2023-01-01 to 2023-06-30606,016USD181
2022-04-01 to 2022-06-30360,981USD91
2022-01-01 to 2022-06-30730,046USD181

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
2023-01-01 to 2023-06-30675,460USD181
2022-01-01 to 2022-06-30813,379USD181

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
2023-04-01 to 2023-06-3027,778USD91
2023-01-01 to 2023-06-3069,444USD181
2022-04-01 to 2022-06-3041,667USD91
2022-01-01 to 2022-06-3083,333USD181

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
2023-04-01 to 2023-06-30-116,111USD91
2023-01-01 to 2023-06-3096,959USD181
2022-04-01 to 2022-06-30-151,904USD91
2022-01-01 to 2022-06-30-275,570USD181

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
2023-01-01 to 2023-06-30281,703USD181
2022-01-01 to 2022-06-30247,952USD181

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

PeriodValueUnitDays
2023-01-01 to 2023-06-30220,329USD181
2022-01-01 to 2022-06-30187,394USD181

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
2023-01-01 to 2023-06-301,446,570USD181
2022-01-01 to 2022-06-30-72,452USD181

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
2023-01-01 to 2023-06-301,071,143USD181
2022-01-01 to 2022-06-30149,223USD181

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.

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