RPC Inc. 2025年季度报告

Indicate by check mark whether the registrant has submitted electronically, if any, every Interactive Data Filerequired to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding RPC,INC. AND SUBSIDIARIESTable of Contents PartI. Financial Information RPC, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETSAS OF MARCH 31, 2025, AND DECEMBER 31, 2024 ASSETS(Unaudited)Note 1Cash and cash equivalents$326,724$325,975Accounts receivable, net of allowance for credit losses of $6,918as of March 31, 2025 and $7,906as ofDecember 31, 2024252,268276,577Inventories109,761107,628Income taxes receivable894,332Prepaid expenses13,18216,136 RPC, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONSFOR THE THREE MONTHS ENDED MARCH 31, 2025, AND 2024 RPC, INC. AND SUBSIDIARIES RPC, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITYFOR THE THREE MONTHS ENDED MARCH 31, 2025, AND 2024 RPC, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWSFOR THE THREE MONTHS ENDED MARCH 31, 2025, AND 2024 RPC,INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 1.GENERAL The accompanying unaudited consolidated financial statements include the accounts of RPC,Inc. and itswholly-owned subsidiaries (RPC or the Company) and have been prepared in accordance with accountingprinciples generally accepted in the United States of America for interim financial information and with theinstructions to Form10-Q and Article10 of Regulation S-X. Accordingly, they do not include all of theinformation and footnotes required by accounting principles generally accepted in the United States for In the opinion of management, all adjustments (all of which consisted of normal recurring accruals)considered necessary for a fair presentation have been included. Operating results for the three months ended The balance sheet at December 31, 2024, has been derived from the audited financial statements at thatdate but does not include all of the information and footnotes required by accounting principles generallyaccepted in the United States of America for complete financial statements. For further information, refer to A group that includes Amy Rollins Kreisler and Timothy C. Rollins, each of whom is a director of theCompany, certain of their family members, and certain companies under their and/or their family members’ Certain prior year amounts have been reclassified to conform to the presentation in the current year. 2. RECENT ACCOUNTING STANDARDS Recently Issued Accounting Standards Not Yet Adopted: Securities and Exchange Commission (SEC) Final Rules:Climate related Disclosure:These rulesrequire disclosures relating to climate-related risks and risk management as well as the board andmanagement’s governance of such risks. In addition, the rules include requirements to disclose the financialeffects of severe weather events and other natural conditions in the audited financial statements and discloseinformation about greenhouse gas emissions, subject to a phased-in assurance requirement. Several petitions ASU 2024-03: Income Statement (Topic 220):Disaggregation of Income Statement Expenses:Theamendments in this ASU require public companies to disclose, in interim and year-end reporting periods,additional information about certain expenses in the financial statements. These disclosures are effective RPC,INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 3.REVENUES Accounting Policy: RPC’s contract revenues are generated principally from providing oilfield services. These services arebased on mutually agreed upon pricing with the customer prior to the services being delivered and, given thenature of the services, do not include the right of return. Pricing for these services is a function of rates basedon the nature of the specific job, with consideration for the extent of equipment, labor, and consumables Sales tax charged to customers is presented on a net basis within the accompanying Consolidated Nature of services: RPC provides a broad range of specialized oilfield services to independent and major oil and gascompanies engaged in the exploration, production and development of oil and gas properties throughout theUnited States and in selected international markets. RPC manages its business as either (1)services offeredon the well site with equipment and personnel (Technical Services) or (2)services and tools offered off the Our contracts with customers are generally short-term in nature and generally consist of a singleperformance obligation– the provision of oilfield services. RPC contracts with its customers to provide the Technical Services ●Includes pressure pumping, downhole tools, coiled tubing, cementing, snubbing, nitrogen, wellcontrol, wireline and fishing. Support Services ●Rental tools– RPC rents tools to its customers for use with onshore and offshore oil and gas welldrilling, completion and workover activities. ●Other support