Patterson-UTI Energy (Patterson-UTI Energy) Cash And Cash Equivalents : $190 Mil (As of Dec. 2023)

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What is Patterson-UTI Energy Cash And Cash Equivalents?

Patterson-UTI Energy's quarterly cash and cash equivalents declined from Jun. 2023 ($150.29 Mil) to Sep. 2023 ($67.05 Mil) but then increased from Sep. 2023 ($67.05 Mil) to Dec. 2023 ($190.11 Mil).

Patterson-UTI Energy's annual cash and cash equivalents increased from Dec. 2021 ($117.52 Mil) to Dec. 2022 ($137.55 Mil) and increased from Dec. 2022 ($137.55 Mil) to Dec. 2023 ($190.11 Mil).

Patterson-UTI Energy Cash And Cash Equivalents Historical Data

The historical data trend for Patterson-UTI Energy's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Patterson-UTI Energy Cash And Cash Equivalents Chart

Patterson-UTI Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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174.19

224.92

117.52

137.55

190.11

Patterson-UTI Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															137.55	157.22	150.29	67.05	190.11

Patterson-UTI Energy Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Patterson-UTI Energy (NAS:PTEN) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Patterson-UTI Energy Cash And Cash Equivalents Related Terms

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Patterson-UTI Energy (Patterson-UTI Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Patterson-UTI Energy Inc (NAS:PTEN) » Definitions » Cash And Cash Equivalents

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Address

10713 West Sam Houston Parkway North, Suite 800, Houston, TX, USA, 77064

Website

https://www.patenergy.com

Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States and maintains moderately sized pressure-pumping operations primarily in Texas and the Appalachian region, plus some modest operations in Colombia. It also provides directional drilling services and tool rental services in most U.S. onshore oil and gas basins.

Executives

Tiffany Thom Cepak	director	C/O PATTERSON-UTI ENERGY, INC., 10713 WEST SAM HOUSTON PARKWAY NORTH, SU, HOUSTON TX 77064
Charles Andrew Smith	officer: EVP & Chief Financial Officer	13627 COMELY LANE, HOUSTON TX 77079
Seth David Wexler	officer: GENERAL COUNSEL AND SECRETARY	450 GEARS ROAD, SUITE 500, HOUSTON TX 77067
James Carl Stewart	director	1800 POST OAK BLVD., SUITE 450, HOUSTON TX 77056
James Michael Holcomb	officer: President-Drilling Subsidiary	450 GEARS ROAD, SUITE 500, HOUSTON TX 77067
Amy H Nelson	director	2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Drummond Robert Wayne Jr	director	1301 MCKINNEY ST, STE 1800, HOUSTON TX 77010
Leslie Ann Beyer	director	C/O NATURAL GAS SERVICES GROUP., INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Gary M. Halverson	director	1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
Matthew Gillard	officer: President-Completions	3990 ROGERDALE RD., HOUSTON TX 77042
Blackstone Management Associates Vii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Bcp Vii/bep Ii Holdings Manager L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Energy Management Associates Ii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Bep Diamond Aggregator L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Ema Ii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154