Oil Free Cash Flow vs Capital Expenditures Analysis

OIS Stock

USD 5.22 0.27 5.45%

Oil States financial indicator trend analysis is much more than just breaking down Oil States International prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oil States International is a good investment. Please check the relationship between Oil States Free Cash Flow and its Capital Expenditures accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oil States International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Oil States International Free Cash Flow account and Capital Expenditures. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Oil States' Free Cash Flow and Capital Expenditures is -0.01. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Oil States International, assuming nothing else is changed. The correlation between historical values of Oil States' Free Cash Flow and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Oil States International are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Free Cash Flow i.e., Oil States' Free Cash Flow and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.01

Relationship Direction	Negative
Relationship Strength	Insignificant

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Capital Expenditures

Capital Expenditures are funds used by Oil States International to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Oil States operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Oil States' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oil States International current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oil States International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Oil States' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 3.1 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.07 in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	82.7M	88.9M	94.2M	156.9M
Cost Of Revenue	551.1M	645.9M	663.2M	1.2B

Total Operating Expenses Cost Of Revenue

Oil States fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Retained Earnings	Accounts Payable	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Short Term Debt	Intangible Assets
Total Assets		0.96	0.97	0.84	0.72	0.99	0.64	-0.17	0.72	0.22	0.27	0.94	0.96	0.98	0.94	0.67	0.93	0.87	0.86	0.95	-0.11	0.96	0.84	0.44	0.16	0.1
Total Stockholder Equity	0.96		0.94	0.7	0.74	0.97	0.73	-0.35	0.74	0.3	0.2	0.81	0.92	0.93	0.83	0.73	0.83	0.95	0.74	0.9	0.0	0.85	0.74	0.39	0.02	0.07
Property Plant And Equipment Net	0.97	0.94		0.8	0.77	0.95	0.61	-0.11	0.77	0.15	0.19	0.93	0.96	0.95	0.93	0.68	0.88	0.9	0.81	0.92	-0.15	0.95	0.78	0.45	0.05	-0.01
Net Debt	0.84	0.7	0.8		0.33	0.81	0.55	-0.05	0.33	0.21	0.45	0.93	0.79	0.84	0.94	0.26	0.9	0.56	0.95	0.84	-0.08	0.93	0.94	0.4	0.52	0.26
Cash	0.72	0.74	0.77	0.33		0.71	0.38	-0.05	1.0	0.12	0.13	0.63	0.78	0.69	0.62	0.82	0.55	0.72	0.36	0.58	-0.09	0.65	0.3	0.41	-0.2	-0.01
Non Current Assets Total	0.99	0.97	0.95	0.81	0.71		0.68	-0.24	0.71	0.27	0.31	0.9	0.94	0.94	0.92	0.66	0.89	0.88	0.82	0.91	-0.05	0.93	0.8	0.39	0.18	0.18
Non Currrent Assets Other	0.64	0.73	0.61	0.55	0.38	0.68		-0.81	0.38	0.8	0.51	0.48	0.62	0.7	0.56	0.37	0.66	0.62	0.58	0.67	0.6	0.56	0.66	0.54	0.34	0.33
Other Assets	-0.17	-0.35	-0.11	-0.05	-0.05	-0.24	-0.81		-0.05	-0.88	-0.39	0.07	-0.16	-0.23	-0.02	-0.06	-0.19	-0.28	-0.13	-0.23	-0.83	-0.03	-0.2	-0.33	-0.18	-0.31
Cash And Short Term Investments	0.72	0.74	0.77	0.33	1.0	0.71	0.38	-0.05		0.12	0.13	0.63	0.78	0.69	0.62	0.82	0.55	0.72	0.36	0.58	-0.09	0.65	0.3	0.41	-0.2	-0.01
Common Stock Shares Outstanding	0.22	0.3	0.15	0.21	0.12	0.27	0.8	-0.88	0.12		0.77	0.09	0.21	0.28	0.19	0.05	0.31	0.15	0.22	0.22	0.93	0.18	0.27	0.5	0.52	0.65
Other Stockholder Equity	0.27	0.2	0.19	0.45	0.13	0.31	0.51	-0.39	0.13	0.77		0.33	0.24	0.28	0.4	0.0	0.4	-0.04	0.34	0.2	0.65	0.37	0.34	0.45	0.84	0.9
Total Liab	0.94	0.81	0.93	0.93	0.63	0.9	0.48	0.07	0.63	0.09	0.33		0.91	0.92	0.99	0.54	0.92	0.72	0.9	0.89	-0.22	0.99	0.86	0.44	0.29	0.12
Property Plant And Equipment Gross	0.96	0.92	0.96	0.79	0.78	0.94	0.62	-0.16	0.78	0.21	0.24	0.91		0.97	0.92	0.66	0.89	0.84	0.83	0.92	-0.07	0.93	0.8	0.5	0.05	0.01
Total Current Assets	0.98	0.93	0.95	0.84	0.69	0.94	0.7	-0.23	0.69	0.28	0.28	0.92	0.97		0.93	0.65	0.96	0.83	0.89	0.98	-0.05	0.94	0.88	0.55	0.15	0.03
Short Long Term Debt Total	0.94	0.83	0.93	0.94	0.62	0.92	0.56	-0.02	0.62	0.19	0.4	0.99	0.92	0.93		0.5	0.93	0.71	0.91	0.89	-0.13	1.0	0.88	0.46	0.35	0.2
Other Current Liab	0.67	0.73	0.68	0.26	0.82	0.66	0.37	-0.06	0.82	0.05	0.0	0.54	0.66	0.65	0.5		0.52	0.75	0.28	0.61	-0.12	0.54	0.29	0.4	-0.3	-0.08
Total Current Liabilities	0.93	0.83	0.88	0.9	0.55	0.89	0.66	-0.19	0.55	0.31	0.4	0.92	0.89	0.96	0.93	0.52		0.68	0.95	0.96	-0.04	0.93	0.93	0.59	0.35	0.15
Retained Earnings	0.87	0.95	0.9	0.56	0.72	0.88	0.62	-0.28	0.72	0.15	-0.04	0.72	0.84	0.83	0.71	0.75	0.68		0.6	0.81	-0.09	0.75	0.59	0.29	-0.22	-0.14
Accounts Payable	0.86	0.74	0.81	0.95	0.36	0.82	0.58	-0.13	0.36	0.22	0.34	0.9	0.83	0.89	0.91	0.28	0.95	0.6		0.91	-0.1	0.9	0.96	0.45	0.39	0.09
Net Receivables	0.95	0.9	0.92	0.84	0.58	0.91	0.67	-0.23	0.58	0.22	0.2	0.89	0.92	0.98	0.89	0.61	0.96	0.81	0.91		-0.1	0.9	0.9	0.53	0.13	-0.04
Common Stock Total Equity	-0.11	0.0	-0.15	-0.08	-0.09	-0.05	0.6	-0.83	-0.09	0.93	0.65	-0.22	-0.07	-0.05	-0.13	-0.12	-0.04	-0.09	-0.1	-0.1		-0.14	-0.02	0.33	0.39	0.58
Non Current Liabilities Total	0.96	0.85	0.95	0.93	0.65	0.93	0.56	-0.03	0.65	0.18	0.37	0.99	0.93	0.94	1.0	0.54	0.93	0.75	0.9	0.9	-0.14		0.87	0.46	0.31	0.17
Inventory	0.84	0.74	0.78	0.94	0.3	0.8	0.66	-0.2	0.3	0.27	0.34	0.86	0.8	0.88	0.88	0.29	0.93	0.59	0.96	0.9	-0.02	0.87		0.43	0.42	0.11
Other Current Assets	0.44	0.39	0.45	0.4	0.41	0.39	0.54	-0.33	0.41	0.5	0.45	0.44	0.5	0.55	0.46	0.4	0.59	0.29	0.45	0.53	0.33	0.46	0.43		0.24	0.18
Short Term Debt	0.16	0.02	0.05	0.52	-0.2	0.18	0.34	-0.18	-0.2	0.52	0.84	0.29	0.05	0.15	0.35	-0.3	0.35	-0.22	0.39	0.13	0.39	0.31	0.42	0.24		0.81
Intangible Assets	0.1	0.07	-0.01	0.26	-0.01	0.18	0.33	-0.31	-0.01	0.65	0.9	0.12	0.01	0.03	0.2	-0.08	0.15	-0.14	0.09	-0.04	0.58	0.17	0.11	0.18	0.81

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Oil States Account Relationship Matchups

Oil States fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.2B	1.1B	1.1B	1.0B	1.8B
Total Stockholder Equity	1.2B	757.6M	695.8M	689.6M	709.5M	1.1B
Property Plant And Equipment Net	503.3M	416.7M	364.0M	326.9M	302.4M	287.2M
Net Debt	283.8M	148.3M	155.8M	137.7M	114.2M	108.5M
Cash	8.5M	72.0M	52.9M	42.0M	47.1M	73.4M
Non Current Assets Total	1.2B	728.7M	659.0M	601.6M	558.5M	1.1B
Non Currrent Assets Other	28.7M	29.7M	32.9M	24.2M	21.0M	15.2M
Other Assets	28.7M	62.9M	32.9M	25.7M	23.1M	34.0M
Cash And Short Term Investments	8.5M	72.0M	52.9M	42.0M	47.1M	73.4M
Common Stock Shares Outstanding	59.4M	59.8M	60.3M	61.6M	63.2M	55.2M
Liabilities And Stockholders Equity	1.7B	1.2B	1.1B	1.1B	1.0B	1.8B
Other Stockholder Equity	493.3M	499.0M	479.6M	495.7M	493.8M	358.2M
Total Liab	503.9M	394.6M	389.9M	374.8M	336.9M	320.1M
Property Plant And Equipment Gross	503.3M	416.7M	338.6M	303.8M	776.1M	657.8M
Total Current Assets	483.4M	423.6M	426.7M	462.8M	488.0M	718.3M
Short Long Term Debt Total	292.3M	220.3M	208.7M	179.7M	161.4M	153.3M
Other Current Liab	53.0M	36.9M	36.9M	42.9M	35.3M	50.6M
Total Current Liabilities	183.1M	162.1M	177.3M	193.7M	157.3M	262.3M
Retained Earnings	797.7M	329.3M	281.6M	272.0M	284.9M	270.7M
Accounts Payable	78.4M	46.4M	63.3M	73.3M	67.5M	107.2M
Net Receivables	233.5M	163.1M	186.1M	218.8M	203.2M	349.5M
Common Stock Total Equity	726K	733K	739K	766K	880.9K	617.4K
Non Current Liabilities Total	320.8M	232.5M	212.6M	181.2M	179.7M	170.7M
Inventory	221.3M	170.4M	168.6M	182.7M	202.0M	298.4M
Other Current Assets	20.1M	36.1M	38.4M	19.3M	35.6M	22.7M
Accumulated Other Comprehensive Income	(67.7M)	(71.4M)	(66.0M)	(78.9M)	(70.0M)	(66.5M)
Short Term Debt	33.9M	33.0M	31.2M	30.1M	14.4M	21.3M
Intangible Assets	230.1M	205.7M	185.7M	169.8M	153.0M	148.6M
Common Stock	726K	733K	739K	766K	772K	626.7K
Other Liab	62.5M	37.6M	28.7M	25.4M	29.2M	30.0M
Long Term Debt	222.6M	165.8M	160.5M	135.1M	135.5M	270.3M
Good Will	482.3M	76.5M	76.4M	79.3M	79.9M	75.9M
Property Plant Equipment	459.7M	383.6M	364.0M	303.8M	349.4M	695.4M
Current Deferred Revenue	17.8M	43.4M	43.2M	44.8M	36.8M	35.1M
Treasury Stock	(616.8M)	(621.2M)	(624.0M)	(625.6M)	(563.0M)	(534.9M)
Net Tangible Assets	511.6M	475.4M	433.7M	689.6M	620.6M	778.3M
Retained Earnings Total Equity	797.7M	329.3M	281.6M	272.0M	244.8M	232.6M
Long Term Debt Total	222.6M	165.8M	160.5M	135.1M	121.6M	115.5M

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