news
UNIT CORPORATION
 
7130 South Lewis Avenue, Suite 1000, Tulsa, Oklahoma 74136
 
Telephone 918 493-7700, Fax 918 493-7714

 
Contact:
David T. Merrill
 
Chief Financial Officer
 
and Treasurer
 
(918) 493-7700
www.unitcorp.com
 
For Immediate Release…
February 24, 2009
 

UNIT CORPORATION REPORTS 2008 FOURTH QUARTER & YEAR-END RESULTS

Tulsa, Oklahoma . . . Unit Corporation (NYSE - UNT) today announced a net loss of $119.8 million, or $2.56 per diluted share, for the three months ended December 31, 2008, compared to net income of $72.1 million, or $1.55 per diluted share for the three months ended December 31, 2007.  Included in those results was a noncash ceiling test write down of $282.0 million ($175.5 million after tax, or $3.74 per diluted share). The ceiling test write down was required to reduce the carrying value of the company’s oil and natural gas properties due to significantly lower commodity prices at year-end 2008.  Excluding the ceiling test write down, net income for the fourth quarter of 2008 would have been $55.7 million, or $1.19 per diluted share, a 23% decrease over the fourth quarter 2007.  Total revenues for the fourth quarter of 2008 were $291.0 million (53% contract drilling, 37% oil and natural gas, and 10% mid-stream), compared to total revenues for the fourth quarter of 2007 of $308.5 million (50% contract drilling, 37% oil and natural gas, and 13% mid-stream).

For the year ended 2008, Unit had net income of $143.6 million, or $3.06 per diluted share, compared to year-ended 2007 net income of $266.3 million, or $5.71 per diluted share.  Excluding the effect of the fourth quarter 2008 ceiling test write down, net income for the year would have been $319.1 million, or $6.80 per diluted share, an increase of 19% over 2007.  The company's  total year-end revenue was $1,358.1 million (46% contract drilling, 41% oil and natural gas, and 13% mid-stream), compared to $1,158.7 million (54% contract drilling, 34% oil and natural gas, and 12% mid-stream) for the same period in 2007.

Larry Pinkston, Unit’s Chief Executive Officer and President said: “We are pleased with the accomplishments that each of our business segments achieved during 2008 despite the effects of the significant fourth quarter declines in oil and natural gas prices.  Revenues for 2008 reached an all-time record and excluding the ceiling test write down, we would have also achieved record net income and earnings per share.  Our plans for 2009 reflect the challenges that lie ahead for the United States economy and our industry.  We are taking a cautious approach to our capital plans for 2009, with our overall business segments capital expenditure budget of $290 million expected to be funded within anticipated operating cash flows.  We have a 46-year history of success in a volatile industry and with the combination of our experience and a strong balance sheet, we have the flexibility to pursue growth opportunities and weather the uncertainties ahead.”


CONTRACT DRILLING SEGMENT INFORMATION
·  
Added three new 1,500 horsepower diesel-electric drilling rigs to the fleet during 2008
·  
Averaged 103.1 drilling rigs working during 2008, an increase of 4% from the 99.4 working during 2007

    Fourth quarter 2008 drilling rig utilization was 74% with an average of 96.7 drilling rigs working, a decrease of 6% from the fourth quarter of 2007, and a decrease of 13% from the third quarter of 2008.  Contract drilling rig rates for the fourth quarter of 2008
 
1
 
averaged $19,330 per day, an increase of 4%, or $686 per day, from the third quarter of 2008 and an increase of 7%, or $1,216 per day, from the fourth quarter of 2007.  Average operating margins for the fourth quarter of 2008 were $9,525 per day (before elimination of intercompany drilling rig profit of $6.5 million) compared to $9,314 per day (before elimination of intercompany drilling rig profit of $7.6 million) for the third quarter 2008, an increase of 2% or $211 per day, and $9,144 per day (before elimination of intercompany drilling rig profit of $7.0 million) for the fourth quarter of 2007, an increase of 4% or $381 per day.

    For the year ended 2008, drilling rig utilization was 79% as compared to 80% for the year ended 2007.  The company averaged 103.1 drilling rigs working during the year ended 2008, an increase of 4% from the 99.4 drilling rigs that worked during 2007.  Average operating margins for 2008 were $8,987 (before elimination of intercompany drilling rig profit of $27.9 million) as compared to $9,568 per day (before elimination of intercompany drilling rig profit of $22.7 million) for 2007, a decrease of 8%.  Contract drilling revenues were $622.7 million during 2008, a decrease of 1% from 2007.

Currently, the company has 132 drilling rigs, of which 55 are under contract.  The following table illustrates the company's drilling rig count at the end of each period and utilization rate during the period:

 
4th Qtr 08
3rd Qtr 08
2nd Qtr 08
1st Qtr 08
4th Qtr 07
3rd Qtr 07
2nd Qtr 07
1st Qtr 07
4th Qtr 06
Rigs
132
131
131
129
129
128
128
118
117
Utilization
74%
85%
80%
78%
80%
78%
81%
83%
92%

Pinkston said: “During the year we added three new drilling rigs to our fleet, all three of which were 1,500 horsepower, diesel-electric drilling rigs, bringing the fleet to a total of 132 drilling rigs.  In late 2008, as a result of the significant decline in commodity prices and resulting decrease in demand for our drilling rigs, we stored a 1,500 horsepower diesel electric drilling rig in our Oklahoma City yard that was scheduled to be placed into service in North Dakota during the first quarter of 2009.  The mobilization of this drilling rig has been delayed pending final negotiation with our customer.  In addition, after discussions with our customers, we postponed the construction of five drilling rigs and have cancelled three additional drilling rigs we had previously anticipated building and instead substituted drilling rigs we already owned.  As a result of existing contractual obligations, we expect to take delivery of a new 1,500 horsepower diesel-electric drilling rig during the fourth quarter of 2009.”


EXPLORATION AND PRODUCTION SEGMENT INFORMATION
·  
Increased fourth quarter 2008 production 6% over third quarter 2008 and 15% over the fourth quarter 2007
·  
Replaced 186% of annual production with new reserves
·  
Hedged approximately 69% of current natural gas production and 72% of current crude oil production for 2009
·  
Reached total proved reserves of 569.4 billion cubic feet equivalent (Bcfe) of natural gas, 80% proved developed

Fourth quarter 2008 production was 318,000 barrels of oil, 427,000 barrels of natural gas liquids (NGLs), and 12.3 Bcf of natural gas, or a company-record 16.8 Bcfe, representing a 6% Mcfe increase over the third quarter of 2008 and a 15% Mcfe increase over the fourth quarter of 2007.  Total production for 2008 was a company-record 63.4 Bcfe, an increase of 15% over the 54.7 Bcfe produced during 2007.  Oil and natural gas revenues were a record $554.0 million during 2008, an increase of 42% over 2007.

The company's average natural gas price for the fourth quarter of 2008 decreased 12% to $5.55 per thousand cubic feet (Mcf), compared to $6.30 per Mcf for the fourth quarter of 2007.  The average oil price for the fourth quarter of 2008 was $77.71 per barrel compared to $87.93 per barrel for the fourth quarter of 2007, a decrease of 12%.  Average NGLs price for the fourth quarter of 2008 was $26.17 per barrel compared to $53.30 per barrel for the fourth quarter of 2007, a decrease of 51%.  During 2008, the average natural gas price received by the company was $7.62 per Mcf, compared to $6.30 per Mcf during 2007, a 21% increase.  Average oil price for 2008 was $93.87 per barrel compared to $70.61 per barrel during 2007, a 33% increase.  Average NGLs price for 2008 was $47.42 per barrel compared to $45.03 per barrel during 2007, a 5% increase.

    For 2009, the company has approximately 69% of its average daily natural gas production (based on its fourth quarter 2008 production volumes) hedged through NYMEX plus basis at several delivery points and approximately 72% of its daily crude production (based on its fourth quarter 2008 production volumes) is hedged.  Of the natural gas hedges, 89% are under swap contracts at a comparable NYMEX average price of $7.20 and 11% are under a collar contract with a comparable NYMEX floor of $8.22 and a ceiling of $10.80.  The average basis differentials for these swaps are ($0.85).  Of the oil hedges, 80% are under swap contracts at an average price of $51.87 and 20% under a collar contract with a floor of $100.00 and a ceiling of $156.25.  For 2010, approximately 47% of the company’s average daily natural gas production (based on fourth quarter 2008 production) is hedged under swap contracts at a comparable average NYMEX price of $7.26.  The average basis differentials for the swaps are ($0.61).
 
2
 
The following table illustrates this segment's production and certain other results for the periods indicated:

 
4th Qtr 08
3rd Qtr 08
2nd Qtr 08
1st Qtr 08
4th Qtr 07
3rd Qtr 07
2nd Qtr 07
1st Qtr 07
4th Qtr 06
Production, Bcfe
 
16.8
 
15.9
 
16.0
 
14.7
 
14.7
 
14.0
 
13.2
 
12.8
 
14.2
Realized price, Mcfe
 
$6.21
 
$9.49
 
$10.19
 
$8.72
 
$7.66
 
$6.69
 
$7.19
 
$6.63
 
$6.26
Wells Drilled
67
82
72
57
81
51
67
54
66
Success Rate
90%
89%
90%
86%
90%
88%
82%
87%
89%


During 2008, this segment commenced drilling operations on 276 new wells, 257 of which were completed by year end.  In addition, 21 wells started but not completed in 2007 were completed in 2008 for a total of 278 wells completed during 2008.  Of the 278 completed wells, 245 were completed as producing for a success rate of 88% compared to the completion of 253 wells with an 87% success rate for 2007.

    During the fourth quarter of 2008, the company incurred a non-cash ceiling test write down of $282.0 million pre-tax ($175.5 million after tax) to reduce the carrying value of its oil and natural gas properties due to low commodity prices at year end.  This charge resulted from application of the ceiling test as prescribed by the Securities and Exchange Commission for companies that follow the full-cost method of accounting.

    Pinkston said:  “The exploration and production segment had an outstanding year in 2008.  We recently announced our record total proved reserves for December 31, 2008 of 569.4 Bcfe of natural gas, an 11% increase over our 2007 year-end total proved reserves. The results include negative price revisions of approximately 23 Bcfe resulting from significantly lower commodity prices at year-end 2008 as compared to 2007.  In addition, we achieved our long-standing annual goal of replacing at least 150% of the year’s production with new reserves for the 25th consecutive year, an accomplishment of which we are very proud.  The 2008 production replacement was 186%, 223% excluding the impact of the earlier mentioned negative price revisions, and over the last 25 years, we replaced our production at an average rate of 224%.  Our 2009 operational plan is structured in response to the current weakness in commodity prices.  During 2009, we plan to participate in the drilling of approximately 175 wells, a decrease of 37% over 2008.  Our preliminary annual production guidance for 2009 is approximately 63.0 to 64.0 Bcfe.  2009 will be a challenging year, but we will look for opportunities to grow the company within this weakened pricing environment.”


MID-STREAM SEGMENT INFORMATION
·  
Completed the installation of one natural gas processing plant and added two new gathering systems during 2008
·  
Increased fourth quarter 2008 liquids sold volumes 16% over fourth quarter 2007

Fourth quarter of 2008 processing volumes of 72,491 MMBtu per day and liquids sold volumes of 197,428 gallons per day increased 23% and 16%, respectively, from the fourth quarter of 2007.  Fourth quarter 2008 gathering volumes were 187,585 MMBtu per day, a 12% decrease from the fourth quarter of 2007.  Operating profit (as defined in the Selected Financial and Operational Highlights) for the fourth quarter was $3.8 million or 43% lower than 2007’s fourth quarter, driven primarily by decreases in commodity prices.  The decline in commodity prices during the fourth quarter resulted in declines in processing margins.

For 2008, processing volumes of 67,796 MMBtu per day and liquids sold volumes of 195,837 gallons per day increased 35% and 51%, respectively, over 2007.  Gathering volumes for 2008 were 197,367 MMBtu per day, a 10% decrease over 2007.  Operating profits for 2008 increased 66% to $31.3 million compared to 2007.

The following table illustrates certain results from the mid-stream operations at the end of each period:

 
4th Qtr 08
3rd Qtr 08
2nd Qtr 08
1st Qtr 08
4th Qtr 07
3rd Qtr 07
2nd Qtr 07
1st Qtr 07
4th Qtr 06
Gas gathered
MMBtu/day
 
187,585
 
195,914
 
205,397
 
200,697
 
212,786
 
221,508
 
218,290
 
226,081
 
253,776
Gas processed
MMBtu/day
 
72,491
 
71,260
 
67,545
 
59,797
 
59,009
 
55,721
 
42,645
 
43,327
 
44,781
Liquids sold
Gallons/day
 
197,428
 
199,805
 
202,130
 
183,924
 
169,897
 
137,098
 
113,829
 
95,964
 
93,792
 
3
 
The company's mid-stream segment operates three natural gas treatment plants, owns nine processing plants, 37 active gathering systems and approximately 770 miles of pipeline.

Pinkston said:  “During 2008, our mid-stream segment completed the installation of one natural gas processing plant, increasing processing capacity by approximately 20 MMcf per day and also added two new gathering systems.  In addition, it added an additional 94 miles of pipeline in 2008, which is an approximate 14% increase in total miles of pipeline, and connected an additional 99 wells to its gathering systems.  Over the past year-and-a-half, it has been expanding its processing and liquids recovery capabilities and as a result, during 2008 achieved record levels of processing volumes and liquids sold volumes.  We remain optimistic about the growth opportunities of our mid-stream operations, despite the weak economy, as there are new and developing natural gas plays that will require the establishment of new or expanded gathering and processing infrastructure.”


FINANCIAL INFORMATION
Unit ended the year with working capital of $90.2 million, long-term debt of $199.5 million, and a debt to capitalization ratio of 11%.  Under the company's credit facility, the amount available is the lesser of the amount elected by the company as the commitment amount (currently $325 million) or the value of the borrowing base as determined by the lenders under the credit facility, but not to exceed the maximum credit facility amount of $400.0 million.  As of the last redetermination date, October 15, 2008, the borrowing base was established at $500.0 million by the lenders.  The next redetermination of the borrowing base will be made during the second quarter of 2009 and will be based primarily on the company's final year-end oil and natural gas reserves and will take into account the company’s hedge positions.  The company is currently in compliance with all of the covenants contained in its credit facility.


WEBCAST
Unit will webcast its fourth quarter and year-end earnings conference call live over the Internet on February 24, 2009 at 11:00 a.m. Eastern Time. To listen to the live call, please go to www.unitcorp.com at least fifteen minutes prior to the start of the call to download and install any necessary audio software. For those who are not available to listen to the live webcast, a replay will be available shortly after the call and will remain on the site for twelve months.

_____________________________________________________

Unit Corporation is a Tulsa-based, publicly held energy company engaged through its subsidiaries in oil and gas exploration, production, contract drilling and gas gathering and processing. Unit’s Common Stock is listed on the New York Stock Exchange   under the symbol UNT. For more information about Unit Corporation, visit its website at http://www.unitcorp.com.
    This news release call contains forward-looking statements within the meaning of the private Securities Litigation Reform Act.  All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects or anticipates will or may occur in the future are forward-looking statements.  A number of risks and uncertainties could cause actual results to differ materially from these statements, including the productive capabilities of the Company’s wells, future demand for oil and natural gas, future drilling rig utilization and dayrates, the timing of the completion of drilling rigs currently under construction, the ability to contract new rig additions to its fleet, projected additions and date of service to the Company’s drilling rig fleet, projected growth of the Company’s oil and natural gas production, oil and gas reserve information, as well as the ability to meet its future reserve replacement goals, anticipated gas gathering and processing rates and throughput volumes, the prospective capabilities of the reserves associated with the Company’s inventory of future drilling sites, anticipated oil and natural gas prices, the number of wells to be drilled by the Company’s exploration segment, development, operational, implementation and opportunity risks, and other factors described from time to time in the Company’s publicly available SEC reports.  The Company assumes no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.
 
4
 
Unit Corporation
Selected Financial and Operations Highlights
(In thousands except per share and operations data)

 
Three Months Ended
 
Year Ended
 
 
December 31,
 
December 31,
 
 
2008
 
2007
 
2008
 
2007
 
Statement of Income:
                       
Revenues:
                       
Contract drilling
$
155,208
 
$
155,239
 
$
622,727
 
$
627,642
 
Oil and natural gas
 
107,354
   
113,800
   
553,998
   
391,480
 
Gas gathering and processing
 
28,628
   
39,274
   
181,730
   
138,595
 
Other
 
(169
 
195
   
(362
 
1,037
 
Total revenues
 
291,021
   
308,508
   
1,358,093
   
1,158,754
 
                         
Expenses:
                       
Contract drilling:
                       
Operating costs
 
78,366
   
75,813
   
312,907
   
304,780
 
Depreciation
 
18,521
   
15,612
   
69,841
   
56,804
 
Oil and natural gas:
                       
Operating costs
 
25,886
   
27,408
   
116,239
   
97,109
 
Depreciation, depletion
                       
and amortization
 
44,794
   
35,050
   
159,550
   
127,417
 
        Impairment of oil and natural
            gas properties
Gas gathering and processing:
 
 
281,966
   
 
---
   
 
281,966
   
 
---
 
Operating costs
 
24,849
   
32,605
   
150,466
   
119,776
 
Depreciation and
     amortization
 
 
3,890
   
 
3,307
   
 
14,822
   
 
11,059
 
General and administrative
 
5,240
   
6,252
   
25,419
   
22,036
 
Interest, net
 
142
   
1,195
   
1,304
   
6,362
 
Total expenses
 
483,654
   
197,242
   
1,132,514
   
745,343
 
Income (Loss) Before Income Taxes
 
(192,633
 
111,266
   
225,579
   
413,411
 
                         
Income Tax Expense (Benefit):
                       
Current
 
(284
 
13,144
   
40,877
   
66,642
 
Deferred
 
(72,501
 
25,973
   
41,077
   
80,511
 
Total income taxes
 
(72,785
 
39,117
   
81,954
   
147,153
 
                         
Net Income (Loss)
$
(119,848
$
72,149
 
$
143,625
 
$
266,258
 
                         
Net Income (Loss) per Common  Share:
                       
Basic
$
(2.57
$
1.56
 
$
3.08
 
$
5.74
 
Diluted
$
(2.56
$
1.55
 
$
3.06
 
$
5.71
 
Weighted Average Common
                       
Shares Outstanding:
                       
Basic
 
46,639
   
46,380
   
46,586
   
46,366
 
Diluted
 
46,892
   
46,622
   
46,909
   
46,653
 
 
5
 
   
 December 31,
     
 December 31,
 
   
 2008
     
 2007
 
 Balance Sheet Data:
                 
 Current assets
 
$
286,585
     
 $
197,015
 
 Total assets
 
$
2,581,866
     
 $
2,199,819
 
 Current liabilities
 
$
196,399
     
 $
156,404
 
 Long-term debt
 
$
199,500
     
 $
120,600
 
 Other long-term liabilities
 
$
75,807
     
 $
59,115
 
 Deferred income taxes
 
$
477,061
     
 $
428,883
 
 Shareholders’ equity
 
$
1,633,099
     
 $
1,434,817
 

   
Year Ended December 31,
 
   
 2008
     
2007
 
Statement of Cash Flows Data:
                 
Cash Flow From Operations before Changes
                 
    in Working Capital (1)
 
$
730,336
     
$
555,311
 
Net Change in Working Capital
   
(40,423
)
     
22,260
 
Net Cash Provided by Operating Activities
 
$
689,913
     
$
577,571
 
Net Cash Used in Investing Activities
 
$
(806,141
)
   
$
 (512,333
)
Net Cash Provided by (Used In)
        Financing Activities
 
 
$
115,736
     
 
$
(64,751
)

 
Three Months Ended
 
Year Ended
 
 
December 31,
 
December 31,
 
 
2008
 
2007
 
2008
 
2007
 
Contract Drilling Operations Data:
                       
Rigs Utilized
 
96.7
   
102.7
   
103.1
   
99.4
 
Operating Margins (2)
 
50%
   
51%
   
50%
   
51%
 
Operating Profit Before
                       
        Depreciation (2) ($MM)
$
76.8
 
$
79.4
 
$
309.8
 
$
322.9
 
                         
Oil and Natural Gas Operations Data:
                       
Production:
                       
Oil – MBbls
Natural Gas Liquids - MBbls
 
318
427
   
300
316
   
1,261
1,388
   
1,091
785
 
Natural Gas - MMcf
 
12,331
   
10,957
   
47,473
   
43,464
 
                    Average Prices:
                       
Oil – MBbls
Natural Gas Liquids - MBbls
$
$
77.71
26.17
 
$
$
87.93
53.30
 
$
$
93.87
47.42
 
$
$
70.61
45.03
 
Natural Gas - MMcf
$
5.55
 
$
6.30
 
$
7.62
 
$
6.30
 
Operating Profit Before
                       
        DD&A and impairment (2) ($MM)
$
81.5
 
$
86.4
 
$
437.8
 
$
294.4
 
                         
Gas Gathering and Processing Operations Data:
                       
Gas Gathering - MMBtu/day
 
187,585
   
212,786
   
197,367
   
219,635
 
Gas Processing - MMBtu/day
 
72,491
   
59,009
   
67,796
   
50,350
 
Liquids Sold – Gallons/day
 
197,428
   
169,897
   
195,837
   
129,421
 
Operating Profit Before Depreciation
                       
        and Amortization (2) ($MM)
$
3.8
 
$
6.7
 
$
31.3
 
$
18.8
 
(1) Unit Corporation considers Unit’s cash flow from operations before changes in working capital an important measure in meeting the performance goals of the company.
(2) Operating profit before depreciation is calculated by taking operating revenues less operating expenses excluding depreciation, depletion, amortization and impairment, general and administrative and interest expense. Operating margins are calculated by dividing operating profit by operating revenue.
 
6

The following information was filed by Unit Corp (UNT) on Tuesday, February 24, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Unit Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Unit Corp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account