Weatherford International plc WFRD
Weatherford International plc, an Irish public limited company, together with its subsidiaries ("Weatherford," the "Company," "we," "us" and "our"), is a leading global energy services company providing equipment and services used in the drilling, evaluation, well construction, completion, production, intervention, and responsible abandonment of wells in the oil and natural gas exploration and production industry as well as new energy platforms.
We conduct business in approximately 75 countries, answering the challenges of the energy industry with approximately 305 operating locations including manufacturing, research and development, service, and training facilities. Our operational performance is reviewed and managed across the life cycle of the well, and we report in three segments (1) Drilling and Evaluation, (2) Well Construction and Completions, and (3) Production and Intervention.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.92B | $5.51B | $5.13B | $4.33B | $3.65B | $3.69B | $4.95B | $5.74B | $5.70B | $5.75B |
| Cost of revenue | — | — | — | — | — | — | — | — | $2.75B | $3.05B |
| Gross profit | — | — | — | — | — | — | $1.10B | $1.23B | $810.0M | $560.0M |
| R&D | $108.0M | $123.0M | $112.0M | $90.0M | $85.0M | $97.0M | $136.0M | $139.0M | $158.0M | $159.0M |
| SG&A | — | — | — | — | — | — | $118.0M | $130.0M | $130.0M | $138.0M |
| Total operating expenses | $4.16B | $4.58B | $4.32B | $3.92B | $3.53B | $5.17B | $6.14B | $7.83B | $7.87B | $7.99B |
| Operating income | $756.0M | $938.0M | $820.0M | $412.0M | $116.0M | -$1.49B | -$1.18B | -$2.08B | -$2.17B | -$2.25B |
| Pre-tax income | $554.0M | $739.0M | $506.0M | $138.0M | -$343.0M | -$1.81B | $3.82B | -$2.76B | -$2.66B | -$2.88B |
| Income tax | $97.0M | $189.0M | $57.0M | $87.0M | $86.0M | $85.0M | $135.0M | $34.0M | $137.0M | $496.0M |
| Net income | $431.0M | $506.0M | $417.0M | $26.0M | -$450.0M | -$1.92B | $3.66B | -$2.81B | -$2.81B | -$3.39B |
| EPS, basic | 5.96 | 6.93 | 5.79 | 0.37 | -6.43 | -27.44 | — | — | — | -3.82 |
| EPS, diluted | 5.93 | 6.75 | 5.66 | 0.36 | -6.43 | -27.44 | 3.65 | -2.82 | -2.84 | -3.82 |
| Shares, diluted (wtd. avg.) | 72.6M | 74.9M | 73.6M | 71.6M | 70.0M | 70.0M | 1.00B | 997.0M | 990.0M | 887.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $987.0M | $916.0M | $1.06B | $1.11B | $1.11B | $1.28B | $800.0M | $602.0M | $613.0M | $1.04B |
| Receivables | $1.23B | $1.26B | $1.22B | $989.0M | $825.0M | $826.0M | $1.16B | $1.13B | $1.05B | $1.38B |
| Inventory | $836.0M | $880.0M | $788.0M | $689.0M | $670.0M | $717.0M | $972.0M | $1.02B | $1.23B | $1.80B |
| Total current assets | $3.37B | $3.40B | $3.35B | $3.04B | $2.91B | $3.18B | $3.45B | $3.45B | $3.88B | $4.91B |
| Property, plant and equipment | $1.12B | $1.06B | $957.0M | $918.0M | $996.0M | $1.24B | $2.12B | $2.09B | $2.71B | $4.48B |
| Goodwill | — | — | — | — | — | $0 | $0 | $713.0M | $2.73B | $2.80B |
| Other intangibles | $285.0M | $325.0M | $370.0M | $506.0M | $657.0M | $810.0M | $1.11B | $213.0M | $213.0M | $248.0M |
| Total assets | $5.20B | $5.16B | $5.07B | $4.72B | $4.77B | $5.43B | $7.29B | $6.60B | $9.75B | $12.66B |
| Accounts payable | $650.0M | $792.0M | $679.0M | $460.0M | $380.0M | $325.0M | $585.0M | $732.0M | $856.0M | $845.0M |
| Short-term debt | — | — | — | $45.0M | $12.0M | $13.0M | $13.0M | $383.0M | $148.0M | $179.0M |
| Total current liabilities | $1.54B | $1.70B | $1.87B | $1.47B | $1.33B | $1.36B | $1.71B | $2.30B | $2.23B | $2.43B |
| Long-term debt | $1.42B | $1.59B | $1.83B | — | $2.37B | $2.55B | — | — | — | — |
| Total liabilities | $3.50B | $3.88B | $4.15B | $4.17B | $4.28B | $4.50B | $4.38B | $10.27B | $10.32B | $10.60B |
| Retained earnings | -$1.13B | -$1.49B | -$1.95B | -$2.37B | -$2.40B | -$1.95B | -$26.0M | -$8.67B | -$5.76B | -$2.95B |
| Total equity | $1.70B | $1.28B | $922.0M | $551.0M | $496.0M | $937.0M | $2.92B | -$3.67B | -$571.0M | $2.07B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $676.0M | $792.0M | $832.0M | $349.0M | $322.0M | $210.0M | -$747.0M | -$242.0M | -$388.0M | -$304.0M |
| Depreciation and amortisation | $267.0M | $343.0M | $327.0M | $349.0M | $440.0M | $503.0M | $447.0M | $556.0M | $801.0M | $956.0M |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | $87.0M |
| Capital expenditure | $226.0M | $299.0M | $209.0M | $132.0M | $85.0M | $154.0M | $250.0M | $186.0M | $225.0M | $204.0M |
| Investing cash flow | -$145.0M | -$293.0M | -$289.0M | -$54.0M | -$83.0M | -$75.0M | $149.0M | $122.0M | -$62.0M | -$137.0M |
| Financing cash flow | -$474.0M | -$511.0M | -$514.0M | -$248.0M | -$403.0M | $348.0M | $749.0M | $168.0M | $20.0M | $1.06B |
| Dividends paid | $72.0M | $36.0M | $0 | $0 | — | — | — | — | — | — |
| Buybacks | $101.0M | $99.0M | $0 | $0 | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-166847.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.75B | $5.70B | $5.74B | $4.95B | $3.69B | $3.65B | $4.33B | $5.13B | $5.51B | $4.92B |
| Gross profit | $560.0M | $810.0M | $1.23B | $1.10B | — | — | — | — | — | — |
| Net income | -$3.39B | -$2.81B | -$2.81B | $3.66B | -$1.92B | -$450.0M | $26.0M | $417.0M | $506.0M | $431.0M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Item 5.02
- Shareholder vote Item 5.07
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Results announced Item 2.02
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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