Investor Relations

Fundamentals

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Annual Income Statement
(In Millions of U.S. Dollars except for per share items)
Period Ended 12/31/09 12/31/08 12/31/07 12/31/06 12/31/05
Revenue 2,108.25 2,948.46 2,088.24 1,923.36 1,531.64
Other, Net 0.41 -0.48 1.21 2.2 0.1
Net Income Before Taxes 105.71 373.45 295.02 301.65 182.51
Provision for Income Taxes 46.1 154.15 94.95 104.01 60.69
Net Income After Taxes 59.61 219.3 200.08 197.63 121.81
Minority Interest -0.5 -0.45 -0.28 NA NA
Net Income Before Extra. Items 59.11 218.85 199.79 197.63 121.81
Net Income 59.11 218.85 199.79 197.63 121.81
Income Available to Com Excl ExtraOrd 59.11 218.85 199.79 197.63 121.81
Income Available to Com Incl ExtraOrd 59.11 218.85 199.79 197.63 121.81
Basic Weighted Average Shares 49.63 49.62 49.5 49.52 49.34
Basic EPS Excluding Extraordinary Items 1.19 4.41 4.04 3.99 2.47
Basic EPS Including Extraordinary Items 1.19 4.41 4.04 3.99 2.47
Dilution Adjustment 0 0 0 0 0
Diluted Net Income 59.11 218.85 199.79 197.63 121.81
Diluted Weighted Average Shares 50.22 51.41 50.91 50.77 50.48
Diluted EPS Excluding ExtraOrd Items 1.18 4.26 3.92 3.89 2.41
Diluted EPS Including ExtraOrd Items 1.18 4.26 3.92 3.89 2.41
DPS - Common Stock Primary Issue 0 0 0 0 0
Gross Dividends - Common Stock 0 0 0 0 0
Pro Forma Stock Compensation Expense NA NA NA NA 2.64
Net Income after Stock Based Comp. Exp. NA NA NA NA 119.18
Basic EPS after Stock Based Comp. Exp. NA NA NA NA 2.42
Diluted EPS after Stock Based Comp. Exp. NA NA NA NA 2.36
Stock-Based Compensation, Supplemental 11.55 10.91 7.97 7.6 NA
Interest Expense, Supplemental 15.27 23.59 23.61 19.39 13.9
Interest Capitalized, Supplemental -0.1 0 -1 -0.1 0
Depreciation, Supplemental 114.7 99 66.5 50.44 43.3
Total Special Items 94.53 85.63 0 0 NA
Normalized Income Before Taxes 200.24 459.08 295.02 301.65 182.51
Effect of Special Items on Income Taxes 41.22 35.35 0 0 NA
Inc Tax Ex Impact of Sp Items 87.32 189.5 94.95 104.01 60.69
Normalized Income After Taxes 112.92 269.58 200.08 197.63 121.81
Normalized Inc. Avail to Com. 112.42 269.14 199.79 197.63 121.81
Basic Normalized EPS 2.27 5.42 4.04 3.99 2.47
Diluted Normalized EPS 2.24 5.23 3.92 3.89 2.41
Amort of Intangibles, Supplemental 3.4 3.6 4.2 3.9 3.4
Rental Expense, Supplemental 10.4 9.1 7.9 6.7 5.7
Equity in Affiliates, Supplemental 1.45 4.04 3.35 7.15 1.28
Minority Interest, Supplemental -0.5 -0.45 -0.28 NA NA
Audit Fees 1.79 1.85 NA 1.85 2.09
Audit-Related Fees 0 0 NA 0 0.32
Tax Fees 0.06 0.09 NA 0.14 0.15
All Other Fees 0 0 NA 0 NA
Reported Operating Profit 118.73 383.76 297.79 297.94 NA
Gross Margin 22.2 24.2 23.27 23.68 21.25
Operating Margin 5.63 13.02 14.26 15.49 12.7
Pretax Margin 5.01 12.67 14.13 15.68 11.92
Effective Tax Rate 43.61 41.28 32.18 34.48 33.26
Net Profit Margin 2.8 7.42 9.57 10.28 7.95
Normalized EBIT 213.26 469.39 297.79 297.94 194.56
Normalized EBITDA 331.36 571.99 368.49 352.28 241.27
Current Tax - Total 58.78 136.82 92.07 104.21 63.78
Deferred Tax - Total -12.68 17.33 2.87 -0.2 -3.08
Income Tax - Total 46.1 154.15 94.95 104.01 60.69
Defined Contribution Expense - Domestic 7.3 8.4 6.1 33.7 4.7
Total Pension Expense 7.3 8.4 6.1 33.7 4.7
Total Revenue 2,108.25 2,948.46 2,088.24 1,923.36 1,531.64
Cost of Revenue, Total 1,640.2 2,234.97 1,602.21 1,467.99 1,206.19
Gross Profit 468.05 713.48 486.02 455.37 325.45
Selling/General/Admin. Expenses, Total 139.29 143.08 118.42 107.22 84.67
Depreciation/Amortization 118.11 102.6 70.7 54.34 46.7
Unusual Expense (Income) 94.53 85.63 0 0 NA
Other Operating Expenses, Total -2.61 -1.59 -0.89 -4.12 -0.49
Total Operating Expense 1,989.52 2,564.7 1,790.45 1,625.42 1,337.08
Operating Income 118.73 383.76 297.79 297.94 194.56
Interest Inc.(Exp.),Net-Non-Op., Total -13.43 -9.83 -3.98 1.52 -12.15