Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $916M | $2.36B | $3.33B | $2.47B | $1.12B | $1.36B | $2.57B | $4.07B | $5.31B | $4.79B |
| Revenue growth | — | 157.3% | 41.2% | -25.7% | -54.5% | 20.7% | 89.2% | 58.6% | 30.5% | -9.8% |
| Operating income | -$456M | -$293M | -$322M | -$462M | -$892M | -$678M | $211M | $352M | -$890M | -$40.8M |
| Operating margin | -49.8% | -12.4% | -9.7% | -18.7% | -79.4% | -49.9% | 8.2% | 8.6% | -16.7% | -0.9% |
| Net income | -$319M | $5.91M | -$321M | -$426M | -$804M | -$655M | $155M | $246M | -$968M | -$93.6M |
| Net margin | -34.8% | 0.3% | -9.7% | -17.2% | -71.5% | -48.2% | 6.0% | 6.0% | -18.2% | -2.0% |
| EPS (diluted) | -$2.18 | $0.03 | -$1.47 | -$2.10 | -$4.27 | -$3.36 | $0.70 | $0.88 | -$2.44 | -$0.24 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $305M | $301M | $731M | $696M | $279M | $95.5M | $566M | $1.01B | $1.18B | $961M |
| Capital expenditures | $120M | $567M | $641M | $348M | $145M | $166M | $437M | $616M | $678M | $589M |
| Free cash flow | $185M | -$266M | $89.2M | $349M | $133M | -$70.8M | $129M | $390M | $497M | $372M |
| Share buybacks | $3.61M | $6.81M | $162M | $255M | $21.2M | $6.33M | $70.1M | $201M | $290M | $69.6M |
| Dividends paid | $23.6M | $16.3M | $30.6M | $32.4M | $18.9M | $15.6M | $43.1M | $100M | $127M | $122M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $35.2M | $42.8M | $245M | $174M | $225M | $118M | $138M | $190M | $239M | $419M |
| Total assets | $3.77B | $5.76B | $5.47B | $4.44B | $3.30B | $2.96B | $3.14B | $7.42B | $5.83B | $5.57B |
| Total liabilities | $1.52B | $1.78B | $1.96B | $1.61B | $1.28B | $1.35B | $1.48B | $2.60B | $2.36B | $2.35B |
| Long-term debt | $598M | $599M | $1.12B | $967M | $901M | $852M | $831M | $1.22B | $1.22B | $1.22B |
| Shareholders' equity | $2.25B | $3.98B | $3.51B | $2.83B | $2.02B | $1.61B | $1.67B | $4.81B | $3.47B | $3.22B |
| Retained earnings | $2.12B | $2.11B | $1.75B | $1.29B | $472M | -$198M | -$87.4M | $57.0M | -$1.04B | -$1.26B |
| Shares (wtd avg diluted) | 146M | 200M | 219M | 203K | 188K | 195K | 219M | 280M | 397M | 383M |
Every figure is extracted from PATTERSON UTI ENERGY INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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