Business Context and Reporting Period
This Form 8-K is filed by Oil States International, Inc. with a report date of February 4, 2008 (signed February 18, 2008). The filing reports "Other Events" under Item 8.01, specifically detailing the completion of two separate asset acquisitions.
Key Financial Metrics and Transactions
The filing discloses two cash transactions completed in early 2008:
- Christina Lake Acquisition: Purchase of substantially all equity of Christina Lake Enterprises Ltd (a high-end lodge in Alberta, Canada) for CDN$6.5 million in cash.
- Houston Facility Acquisition: Purchase of a waterfront facility on the Houston ship channel for $22.5 million in cash.
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity metrics for the reporting period.
Material Changes
The material changes reported are the expansion of the Company's asset base through the two acquisitions mentioned above. No comparative financial data or changes versus prior periods are provided in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It strictly reports the completion of the transactions and references the associated press releases as exhibits.
Investor Verification Checklist
- Verify the strategic rationale for acquiring a high-end lodge in Canada and a waterfront facility in Houston, given the Company's primary business focus.
- Confirm the impact of the combined CDN$6.5 million and $22.5 million cash outflows on the Company's liquidity position.
- Review the full text of the press releases (Exhibits 99.1 and 99.2) for details on financing sources and integration plans.