Weatherford International plc

Listed Company

WFRDCIK 0001603923NasdaqLarge AcceleratedOil & Gas Field Machinery & EquipmentFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$431.00M

Total Assets

$5.20B

Equity

$1.70B

Shares Out

71.93M

Op. Cash Flow

$676.00M

Business

Weatherford International plc is a global energy services company that provides equipment and services across the life cycle of oil, natural gas and new energy wells, including drilling, evaluation, construction, completion, production, intervention, and responsible abandonment. Its offerings include managed pressure drilling, drilling services, wireline, drilling fluids, tubular running, cementation, completions, artificial lift, intervention tools, digital solutions, subsea intervention and pressure pumping. The company reports operations in three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention. It serves national, international and independent energy companies and new energy firms across approximately 75 countries through about 330 manufacturing, R&D, service and training locations.

Summary from filing dated 2025-02-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	4,918	5,513	5,135	4,331	3,645
Research and Development	108	123	112	90	85
Selling, General and Administrative	664	791	804	778	738
Gain on Sale of Business	−70	0	−2	—	0
Restructuring Charges	58	42	16	22	0
Other Charges (Credits), Net	18	14	−10	31	−10
Total Costs and Expenses	4,162	4,575	4,315	3,919	3,529
Operating Income	756	938	820	412	116
Interest Expense, Net of Interest Income of $46, $56 and $59	−91	−102	−123	−179	−260
Loss on Extinguishment of Debt and Bond Redemption Premium	−39	−9	−5	−5	−170
Loss on Blue Chip Swap Securities	−2	−10	−57	0	0
Other Expense, Net	−70	−78	−129	−95	−29
Income Before Income Taxes	554	739	506	138	−343
Income Tax Provision	−97	−189	−57	−87	−86
Net Income	457	550	449	51	−429
Net Income Attributable to Noncontrolling Interests	26	44	32	25	21
Net Income Attributable to Weatherford	431	506	417	26	−450
Basic Income Per Share Attributable to Weatherford (in dollars per share)	5.96	6.93	5.79	0.37	−6.43
Basic Weighted Average Shares Outstanding (in shares)	72	73	72	71	70
Diluted Income Per Share Attributable to Weatherford (in dollars per share)	5.93	6.75	5.66	0.36	−6.43
Diluted Weighted Average Shares Outstanding (in shares)	73	75	74	72	70

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and Cash Equivalents	987	916	958	910	951
Restricted Cash	55	59	105	202	162
Accounts Receivable, Net of Allowance for Credit Losses of $10 at December 31, 2025 and $8 at December 31, 2024	1,234	1,261	1,216	989	825
Inventories, Net	836	880	788	689	670
Other Current Assets	260	286	278	253	303
Total Current Assets	3,372	3,402	3,345	3,043	2,911
Property, Plant and Equipment, Net of Accumulated Depreciation of $1,150 at December 31, 2025 and $940 at December 31, 2024	1,124	1,061	957	918	996
Intangible Assets, Net of Accumulated Amortization of $828 at December 31, 2025 and $793 at December 31, 2024	285	325	370	506	657
Operating Lease Assets	128	124	138	115	113
Other Non-current Assets	288	247	258	138	97
Total Assets	5,197	5,159	5,068	4,720	4,774
Current Portion of Long-term Debt	30	17	168	45	—
Accounts Payable	650	792	679	460	380
Accrued Salaries and Benefits	285	302	387	367	343
Income Taxes Payable	129	129	138	141	140
Current Portion of Operating Lease Liabilities	48	44	46	44	59
Other Current Liabilities	395	412	448	413	398
Total Current Liabilities	1,537	1,696	1,866	1,470	1,332
Long-term Debt	1,455	1,617	1,715	2,203	2,416
Operating Lease Liabilities	109	110	131	117	128
Non-current Taxes Payable	242	274	282	251	—
Other Non-current Liabilities	158	179	152	128	402
Total Liabilities	3,501	3,876	4,146	4,169	4,278
Ordinary Shares - Par value $0.001; Authorized 1,356, Issued and Outstanding 71.6 at December 31, 2025 and 72.1 at December 31, 2024	0	0	0	0	0
Capital in Excess of Par Value	2,815	2,921	2,906	2,928	2,904
Retained Deficit	−1,129	−1,486	−1,954	−2,371	−2,397
Accumulated Other Comprehensive Income (Loss)	13	−150	−28	−22	−35
Shareholders Equity	1,699	1,285	924	535	472
Noncontrolling Interests	−3	−2	−2	16	24
Total Shareholders Equity	1,696	1,283	922	551	496
Total Liabilities and Shareholders Equity	5,197	5,159	5,068	4,720	4,774

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and Amortization	267	343	327	349	440
Foreign Exchange Losses	45	56	116	71	9
Gain on Disposition of Assets	−9	−35	−9	−41	−22
Deferred Income Tax Provision (Benefit)	−14	8	−86	4	−10
Share-Based Compensation	38	45	35	25	25
Accounts Receivable	75	−31	−221	−193	−6
Inventories	24	−112	−114	−56	−18
Accounts Payable	−131	97	231	84	56
Accrued Salaries and Benefits	−24	−74	20	24	—
Other Changes, Net	16	−65	29	31	45
Net Cash Provided by Operating Activities	676	792	832	349	322
Capital Expenditures for Property, Plant and Equipment	−226	−299	−209	−132	−85
Proceeds from Disposition of Assets	16	31	28	82	41
Proceeds from Sale of Business	97	0	0	0	0
Purchases of Blue Chip Swap Securities	−117	−50	−110	0	0
Proceeds from Sales of Blue Chip Swap Securities	115	40	53	0	0
Business Acquisitions, Net of Cash Acquired	0	−51	−4	0	—
Proceeds from Sale of Investments	0	41	0	—	—
Other Investing Activities	−30	−5	−47	−4	−39
Net Cash Used in Investing Activities	−145	−293	−289	−54	−83
Borrowings of Long-term Debt	1,200	0	0	—	—
Debt Issuance Costs	−18	0	0	—	—
Repayments of Long-term Debt	−1,388	−287	−386	−198	−2,313
Distributions to Noncontrolling Interests	−29	−39	−52	−30	—
Tax Remittance on Equity Awards	−21	−31	−56	−4	−1
Share Repurchases	−101	−99	0	0	—
Dividends Paid	−72	−36	0	0	—
Other Financing Activities	−45	−19	−20	−16	−10
Net Cash Used in Financing Activities	−474	−511	−514	−248	−403
Effect of Exchange Rate Changes on Cash and Cash Equivalents	10	−76	−78	−48	−8
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	67	−88	−49	−1	−172
Interest Paid	125	153	181	220	269
Income Taxes Paid, Net of Refunds	157	168	132	86	62
Ordinary Shares Issued for Acquisitions	0	79	0	0	—

Filings

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