Patterson Historical Cash Flow
| PTEN Stock | USD 7.84 0.15 1.95% |
Analysis of Patterson UTI cash flow over time is an excellent tool to project Patterson UTI Energy future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Capital Expenditures of 397.8 M or Total Cash From Operating Activities of 1.1 B as it is a great indicator of Patterson UTI ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Patterson UTI Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Patterson UTI Energy is a good buy for the upcoming year.
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About Patterson Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Patterson balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Patterson's non-liquid assets can be easily converted into cash.
Patterson UTI Cash Flow Chart
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Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Capital Expenditures
Capital Expenditures are funds used by Patterson UTI Energy to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Patterson UTI operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Most accounts from Patterson UTI's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Patterson UTI Energy current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 Patterson UTI Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. At this time, Patterson UTI's Dividends Paid is very stable compared to the past year. As of the 11th of December 2024, Other Cashflows From Investing Activities is likely to grow to about 24.6 M, though Change In Working Capital is likely to grow to (63.9 M).
Patterson UTI cash flow statement Correlations
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Patterson UTI Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Patterson UTI cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (70.8M) | 50.7M | (107.4M) | 20.0M | 55.1M | 57.9M | |
| Free Cash Flow | 348.7M | 133.4M | (70.8M) | 129.4M | 390.2M | 409.7M | |
| Change In Working Capital | 134.6M | 84.1M | (55.3M) | (86.9M) | (67.2M) | (63.9M) | |
| Begin Period Cash Flow | 245.0M | 174.2M | 224.9M | 117.5M | 137.6M | 79.1M | |
| Other Cashflows From Financing Activities | (852K) | (584K) | (63.1M) | 149.5M | (6.3M) | (6.0M) | |
| Depreciation | 1.0B | 670.9M | 849.2M | 483.9M | 731.4M | 389.2M | |
| Other Non Cash Items | 47.3M | 426.3M | (2.4M) | (13.6M) | (3.2M) | (3.0M) | |
| Capital Expenditures | 347.5M | 145.5M | 166.3M | 436.8M | 615.7M | 397.8M | |
| Total Cash From Operating Activities | 696.2M | 278.9M | 95.5M | 566.2M | 1.0B | 1.1B | |
| Net Income | (425.7M) | (803.7M) | (654.5M) | 154.7M | 246.3M | 258.6M | |
| Total Cash From Financing Activities | (465.2M) | (103.2M) | (71.9M) | (133.4M) | 65.6M | 68.8M | |
| End Period Cash Flow | 174.2M | 224.9M | 117.5M | 137.6M | 192.7M | 202.3M | |
| Sale Purchase Of Stock | (255.5M) | (21.2M) | (6.3M) | (70.1M) | (200.7M) | (190.7M) | |
| Change To Inventory | 29.4M | 27.2M | (5.9M) | (14.2M) | (30.8M) | (29.3M) | |
| Stock Based Compensation | 39.3M | 26.6M | 21.6M | 21.1M | 46.8M | 24.3M | |
| Dividends Paid | 32.4M | 18.9M | 15.6M | 43.1M | 100.0M | 105.0M | |
| Other Cashflows From Investing Activities | (424K) | 20.9M | 35.2M | 26.1M | 23.5M | 24.6M | |
| Change To Liabilities | (77.7M) | (117.0M) | 97.9M | 136.5M | 122.8M | 128.9M | |
| Change To Account Receivables | 213.6M | 173.9M | (147.4M) | (209.2M) | 84.5M | 88.8M | |
| Net Borrowings | (176.5M) | (584K) | (50M) | (20.2M) | (18.2M) | (17.3M) | |
| Total Cashflows From Investing Activities | (301.8M) | (125.0M) | (131.6M) | (413.2M) | (475.2M) | (499.0M) | |
| Exchange Rate Changes | 1.0M | (781K) | (2K) | 640K | 576K | 604.8K | |
| Change To Netincome | 184.4M | 305.8M | (44.7M) | 13.7M | 12.3M | 11.7M | |
| Investments | (301.8M) | (424K) | (522K) | (2.5M) | (927.2M) | (880.9M) | |
| Change To Operating Activities | (27.4M) | (70.0M) | 42.5M | 93.3M | 107.3M | 112.7M |
Pair Trading with Patterson UTI
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Patterson UTI position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Patterson UTI will appreciate offsetting losses from the drop in the long position's value.Moving together with Patterson Stock
Moving against Patterson Stock
The ability to find closely correlated positions to Patterson UTI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patterson UTI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Patterson UTI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Patterson UTI Energy to buy it.
The correlation of Patterson UTI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Patterson UTI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patterson UTI Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Patterson UTI can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson UTI Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Energy Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patterson UTI. If investors know Patterson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patterson UTI listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.93) | Dividend Share 0.32 | Earnings Share (2.20) | Revenue Per Share 14.352 | Quarterly Revenue Growth 0.342 |
The market value of Patterson UTI Energy is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson UTI's value that differs from its market value or its book value, called intrinsic value, which is Patterson UTI's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patterson UTI's market value can be influenced by many factors that don't directly affect Patterson UTI's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patterson UTI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson UTI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson UTI's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.