Precision Drilling Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Precision Drilling Corp reported revenue of $1.8B (-3.1% year on year) and net income of $3.1M (-97.2% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $1.8B | $1.9B | $1.9B | $1.6B |
| Operating | $1.2B | $1.2B | $1.2B | $1.1B |
| General and administrative | $114.4M | $132.4M | $122.2M | $181.0M |
| Earnings before income taxes, loss on investments and other assets,finance charges, foreign exchange, loss on asset decommissioning, gain on asset disposals, and depreciation and amortization | $489.6M | $521.2M | $611.1M | — |
| Depreciation and amortization | $317.9M | $309.3M | $297.6M | $279.0M |
| Gain on asset disposals | ($8.6M) | ($16.1M) | ($24.5M) | ($29.9M) |
| Loss on asset decommissioning | $67.1M | $0 | $9.6M | — |
| Foreign exchange | ($1.2M) | $2.3M | ($1.7M) | $1.3M |
| Finance charges | $57.2M | $69.8M | $83.4M | $87.8M |
| Loss on investments and other assets | $1.3M | $1.5M | $6.8M | ($12.5M) |
| Earnings before income taxes | $55.9M | $154.6M | $265.8M | ($14.1M) |
| Current | $3.3M | $7.5M | $4.5M | $4.4M |
| Deferred | $49.5M | $35.8M | ($28.0M) | $15.8M |
| Income taxes | $52.8M | $43.2M | ($23.5M) | $20.1M |
| Net earnings | $3.1M | $111.3M | $289.2M | ($34.3M) |
| Shareholders of Precision Drilling Corporation | $1.8M | $111.2M | — | — |
| Non-controlling interests | $1.3M | $135.0K | — | — |
| Basic | $0.14 | $7.81 | $21.03 | -$2.53 |
| Diluted | $0.14 | $7.81 | $19.53 | -$2.53 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash | $85.8M | $73.8M | $54.2M | $21.6M |
| Accounts receivable | $352.1M | $378.7M | $421.4M | $413.9M |
| Inventory | $49.0M | $43.3M | $35.3M | $35.2M |
| Total current assets | $486.9M | $501.3M | $510.9M | $470.7M |
| Deferred tax assets | $2.2M | $6.6M | $73.7M | $455.0K |
| Property, plant and equipment | $2.2B | $2.4B | $2.3B | $2.3B |
| Intangibles | $9.5M | $13.0M | $17.3M | $19.6M |
| Right-of-use assets | $56.8M | $66.0M | $63.4M | $60.0M |
| Finance lease receivables | $4.5M | $4.8M | $5.0M | — |
| Investments and other assets | $7.6M | $8.5M | $10.0M | $20.5M |
| Total non-current assets | $2.2B | $2.5B | $2.5B | $2.4B |
| Total assets | $2.7B | $3.0B | $3.0B | $2.9B |
| Accounts payable and accrued liabilities | $280.7M | $314.4M | $342.4M | $392.1M |
| Income tax payable | $1.7M | $3.8M | $3.0M | $3.0M |
| Current portion of lease obligation | $17.8M | $20.6M | $17.4M | $12.7M |
| Total current liabilities | $300.1M | $338.7M | $365.6M | $410.0M |
| Share based compensation | $13.8M | $13.7M | $25.1M | $60.1M |
| Provisions and other | $6.7M | $7.5M | $7.1M | $7.5M |
| Lease obligation | $47.2M | $54.6M | $57.1M | $53.0M |
| Long-term debt | $679.3M | $812.5M | $914.8M | $1.1B |
| Deferred tax liabilities | $90.8M | $47.5M | $73.5M | $28.9M |
| Total non-current liabilities | $837.7M | $935.6M | $1.1B | $1.2B |
| Shareholders' capital | $2.2B | $2.3B | $2.4B | $2.3B |
| Contributed surplus | $79.3M | $77.6M | $75.1M | $72.6M |
| Accumulated other comprehensive income | $165.0M | $199.0M | $147.5M | $159.7M |
| Deficit | ($899.0M) | ($900.8M) | ($1.0B) | ($1.3B) |
| Total equity attributable to shareholders | $1.6B | $1.7B | — | — |
| Non-controlling interest | $4.8M | $4.5M | — | — |
| Total equity | $1.6B | $1.7B | $1.6B | $1.2B |
| Total liabilities and equity | $2.7B | $3.0B | $3.0B | $2.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net earnings | $3.1M | $111.3M | $289.2M | ($34.3M) |
| Long-term compensation plans | $14.5M | $18.9M | $6.7M | $60.1M |
| Depreciation and amortization | $317.9M | $309.3M | $297.6M | $279.0M |
| Gain on asset disposals | ($8.6M) | ($16.1M) | ($24.5M) | ($29.9M) |
| Loss on asset decommissioning | $67.1M | $0 | $9.6M | — |
| Unrealized foreign exchange | ($1.7M) | $2.4M | ($866.0K) | $638.0K |
| Finance charges | $57.2M | $69.8M | $83.4M | $87.8M |
| Income taxes | $52.8M | $43.2M | ($23.5M) | $20.1M |
| Other | ($439.0K) | ($272.0K) | ($229.0K) | $542.0K |
| Loss on investments and other assets | $1.3M | $1.5M | $6.8M | ($12.5M) |
| Income taxes paid | ($5.6M) | ($6.5M) | ($3.1M) | ($3.3M) |
| Income taxes recovered | $67.0K | $85.0K | $24.0K | $24.0K |
| Interest paid | ($63.5M) | ($72.2M) | ($83.0M) | ($85.7M) |
| Interest received | $1.2M | $2.0M | $1.2M | $310.0K |
| Funds provided by operations | $435.4M | $463.4M | $533.4M | $283.0M |
| Changes in non-cash working capital balances | ($22.5M) | $18.7M | ($32.8M) | ($45.9M) |
| Cash provided by operations | $412.9M | $482.1M | $500.6M | $237.1M |
| Purchase of property, plant and equipment | ($263.5M) | ($216.6M) | ($225.0M) | ($184.3M) |
| Purchase of intangibles | ($24.0K) | ($51.0K) | ($1.8M) | — |
| Proceeds on sale of property, plant and equipment | $39.0M | $30.4M | $23.8M | $37.2M |
| Proceeds from sale of investments and other assets | $0 | $3.6M | $10.0M | — |
| Purchase of investments and other assets | ($21.0K) | ($725.0K) | ($5.3M) | ($617.0K) |
| Receipt of finance lease payments | $851.0K | $799.0K | $255.0K | — |
| Changes in non-cash working capital balances | $15.3M | ($20.4M) | $11.8M | $13.5M |
| Cash used in investing activities | ($208.3M) | ($203.0M) | ($214.8M) | ($144.4M) |
| Issuance of long-term debt | $148.8M | $28.0M | $162.6M | $144.9M |
| Repayment of long-term debt | ($249.4M) | ($204.3M) | ($375.2M) | ($250.7M) |
| Repurchase of share capital | ($75.6M) | ($75.5M) | ($30.0M) | ($10.0M) |
| Issuance of common shares from the exercise of options | 418.0K | 686.0K | 0 | 9.8M |
| Debt amendment fees | ($717.0K) | ($1.4M) | — | $0 |
| Distributions to non-controlling interest | ($831.0K) | — | — | — |
| Lease payments | ($14.9M) | ($13.3M) | ($9.4M) | ($7.1M) |
| Funding from non-controlling interest | $0 | $4.4M | — | — |
| Cash used in financing activities | ($192.3M) | ($261.4M) | ($252.0M) | ($113.2M) |
| Effect of exchange rate changes on cash and cash equivalents | ($284.0K) | $1.9M | ($1.2M) | $1.5M |
| Increase in cash | $12.0M | $19.6M | $32.6M | ($19.0M) |
| Cash, beginning of year | $73.8M | $54.2M | $21.6M | $40.6M |
| Cash, end of year | $85.8M | $73.8M | — | — |
Precision Drilling Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.