RPC INC (RES) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
ASSETS
Cash and cash equivalents	126.4	82.4	84.5	50.0	116.3	91.1	131.8	65.2
Accounts receivable, net of allowance for credit losses of $6,574 in 2023 and $7,078 in 2022	416.6	258.6	161.8	242.6	323.5	377.9	169.2	232.2
Inventories	97.1	79.0	82.9	100.9	130.1	114.9	108.3	128.4
Income taxes receivable	42.4	58.5	82.9	24.1	35.8	40.2	57.2	51.4
Prepaid expenses	17.8	9.8	9.1	10.5	9.8	9.0	6.7	9.0
Other current assets	3.1	3.7	3.1	3.3	3.5	7.1	5.8	6.0
Total current assets	703.3	492.0	428.4	436.9	618.9	640.1	479.1	492.2
Property, plant and equipment, less accumulated depreciation of $782,144 in 2023 and $775,334 in 2022	333.1	254.4	264.4	516.7	518.0	443.9	498.0	688.3
Operating lease right-of-use assets	28.9	24.6	27.3	33.9
Goodwill	32.2	32.2	32.2	32.2	32.2	32.2	32.2	32.2
Other assets	31.6	40.9	38.3	33.6	30.5	31.0	26.3	24.4
Total assets	1,129.0	864.4	790.5	1,053.2	1,199.6	1,147.2	1,035.5	1,237.1

LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Accounts payable	115.2	74.4	41.1	53.1	103.4	103.5	70.5	75.8
Accrued payroll and related expenses	33.2	15.4
Accrued insurance expenses	3.2	10.1	5.5	7.5	6.2	5.3	4.1	4.3
Accrued state, local and other taxes	4.3	1.9	2.8	2.4	3.1	8.7	3.1	2.8
Income taxes payable	0.5	0.7	1.1	1.5	4.7	3.2	4.9	7.6
Pension liabilities	9.6
Current portion of operating lease liabilities	10.7	6.4	9.2	10.6
Other accrued expenses	1.9	1.8	1.5	6.5	0.2	1.1	6.7	0.2
Total current liabilities	178.6	130.8	79.6	101.4	143.2	145.4	101.5	107.5
Long-term accrued insurance expenses	7.1	11.8	11.8	14.0	12.1	10.4	9.5	11.3
Long-term retirement plan liabilities	23.1	35.4	33.1	39.3	29.6	35.6	32.9	33.0
Deferred income taxes	37.5	17.7	13.3	37.3	60.4	39.4	81.5	115.5
Long-term operating lease liabilities	19.5	19.7	21.1	28.4
Other long-term liabilities	12.6	18.9	11.9	16.5	15.9	15.1	12.9	17.5
Total liabilities	271.3	222.6	158.9	222.9	249.2	235.5	228.7	284.8

Commitments and contingencies (Note 9)
STOCKHOLDERS' EQUITY
Preferred stock, $0.10 par value, 1,000,000 shares authorized, none issued
Common stock	21.7	21.6	21.5	21.4	21.5	21.7	21.7	21.7
Capital in excess of par value
Retained earnings	856.0	640.9	627.8	832.1	947.7	906.7	803.2	948.6
Accumulated other comprehensive loss	-19.9	-20.7	-17.7	-23.2	-18.7	-16.7	-18.1	-18.0
Total stockholders' equity	857.7	641.8	631.6	830.3	950.4	911.7	806.8	952.3
Total liabilities and stockholders' equity	1,129.0	864.4	790.5	1,053.2	1,199.6	1,147.2	1,035.5	1,237.1